Share Name Share Symbol Market Type Share ISIN Share Description
Lms Capital Plc LSE:LMS London Ordinary Share GB00B12MHD28 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 32.80 31.60 34.00 0.00 0.00 - 0.00 16:28:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -4.5 -5.5 - 26

Lms Capital Share Discussion Threads

Showing 1351 to 1373 of 1450 messages
Chat Pages: 58  57  56  55  54  53  52  51  50  49  48  47  Older
Good to see these picking back up to 50p again. Have to wonder whether there might be more to this than meets the eye. For sure their holding in GHE is helping, as is the strengthening $; but LMS is now a very small part of the Gresham operation and I feel sure Tony Dalwood will be finding Robert Rayne a bit of a pain. Best thing would be to take out the Rayne interests and treat LMS as a shell. I only hold a few, and those I will continue to hold.
It's an absolute scandal that the Weatherford stake wasn't sold as soon as they announced they were in liquidation mode. Looks like about £1m more to come from Penguin. Let's see how they deploy the funds, but for now, around 50p feels like the right price.
Agreed, looks to be Weatherford, IDE and the disappointing news on Penguin; this last a rather bizzarely rapid deterioration! As ever, what we really need is an escape from the clutches of the useless Robert Rayne. The performance of the legacy (some legacy!) old assets is a testament to his appalling lack of judgement.
The initial reaction to this update may not be great but there is real value here. The balance of the Penguin sales will be paid in H1 and even with a write down on carrying value I see cash at c.£21m If we take this cash from market cap and NAV we get £17.5m buys £39m of assets. Included in these assets is £4.5m in shares in GHE. If I get a bit silly and take the GHE holding out I get £13m buys £34.5m I must have this wrong ?! Time for a lie down !! EDIT: had another look at the figures but it's never easy with just an update as compared to full results. In the last six months I can only get about £2m drop in value of Weatherford and IDE so with GHE being about even and very few other listed assets the Penguin drop could be in the region of £3m. It could be that in the absence of full details from the US they are taking a cautious/ pessimistic/realistic approach(you choose). We still have £60m in assets and £17.7m of that cash but the cash element after Penguin is completed is up in the air. If cash is taken out we still have £20m buys £43m of assets so still plenty of value. Would really like these figures checked.
pavey ark
Net Asset Value Estimate as at 31 December 2017 was declared on 24th January last year; so could well see an RNS this coming week...
I am struggling to understand the motivation for the transfer of shares. It appears on first view to take the shares from within protection from IHT to outside of it, although it is entirely possible there is some way round this (which I would very much like to understand. Possibly a new trust to be set up to enable use of another zero rate band under the 10 year rule but then why distribute so much money?). I suspect the tax affairs of people with so much wealth are beyond my understanding! Anyways I am still left with the why? and I suppose a question as to whether the beneficiary will now sell them in the market. My suspicious mind says the Trust started with 13.4% and now has 10.85% so 2.55% have flowed to the beneficiary, who must be below the 3% level as no RNS disclosure. Beneficiary now free to sell them without informing market? LMS remains high up on my list of opportunities but I'm hesitant. The share price seems to be drifting away from me too. I'll keep watching
PA - I suppose a subscription by LMS would qualify as a concerted party transaction and have been declared like Berks CC Pension fund; however perhaps not - so with the deal not completing until the end of the month, it may well be that LMS does subscribe: "Application will be made for the Consideration Shares and the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that the Acquisition will complete and Admission will occur at 8.00 a.m. on 30 November 2018 with the transfer and settlement of the Placing Shares with Placees shortly following Admission. In this regard, the Placing Shares are expected to settle in the CREST accounts of Placees within two Business Days of the date of Admission.
Given their previously stated aim of holding 5% of GHE I was expecting them to take up shares in the placing. 5% of the total shares issued would come to under £1m. I also half expected some sort of investment in the energy storage fund.
pavey ark
Just a shifting of the chairs then. Meanwhile Gresham make another good deal and with AUM now through £2bn, the shares move ahead again.
Not selling down holding. See additional info in notification: "This notification is made in relation to a transaction which took place on 9 November 2018 whereby Withers Trust Corporation Limited, James McCarthy and Nicholas Kelsey as Trustees of The Lord Rayne Will Trust transferred shares (comprising about 2.0% of the Company) from The Lord Rayne Will Trust to a member of the Rayne family ('the member'), who is a beneficiary of The Lord Rayne Will Trust. Prior to the transfer, the shares were held beneficially for the member (who also had a direct holding in the Company) by the Trustees. The transfer was made for no consideration and did not result in any change in the overall holding, or the overall voting rights, of the extended Rayne family and its trustees collectively, who together hold 43% of the Ordinary Shares and who are treated by the Panel on Takeovers and Mergers as "acting in concert" for the purposes of the City Code on Takeovers and Mergers. The shares were held before and after the transaction in the name of the same nominee, Rathbone Nominees Limited."
Edited: thanks culver
3Q update "LMS Capital plc LMS Capital plc is issuing the following update covering the period from 1 July 2018 to date. 30 September 2018 Net Asset Value The Company's unaudited net asset value ("NAV") at 30 September 2018 was £63.1 million (30 June 2018: £63.8 million), equivalent to 78.1p per share (30 June 2018: 79.0p)."
CC2014, thanks for that, much appreciated. I am more than happy to hold here. Although the major holdings are unlisted it has been shown that these can be sold at a good price. Yes to, Penguin, National Energy Partners have all been sold at a good price and their remaining shares must be viewed as very sound. For once Medhost looks to be on the up. I'd be surprised if the company's remaining assets could not be sold at current valuation or even more. When these assets are realised I expect Gresham to manage them well and together with the unwinding discount I look forward a good return on my investment. Edit: GHE are aiming at a return of 12/15% a year on LMS assets but by my calculations even if they only managed 7.5% a year the share price could grow at 15% and after three years the discount should still be c.24% I would be very content with a compound growth of 15% for three years !!
pavey ark
Yes, I think they "kitchen sinked" the valuations when they took over the management, so personally happy to wait for value to out as the 37% discount suggests very little downside from here.
I attended the presentation Skyship I was impressed but I think there's a sticking point. The fund has been taken over by Gresham and the existing investments will need to be crystallised to produce cash for the new investments. This is going to take time and I question at what price and when they can be crystallised. If I heard correctly (I need to check) many of the current investments are overseas so a strengthening pound (which I see post Brexit) is going to knock the existing NAV. Also, I question whether the NAV will also get knocked on crystallising existing assets. About a third is held in unquoted companies. Trawling through the accounts would help understand this. I do note the NAV has already been written down by Gresham on taking the fund over so maybe that's all in the price. Going forward they intend to invest in : 1. smaller uk opportunities 2. property based 3. energy based. focused mainly on UK. Longer term I might buy some of these but in the short term I think the share price will go lower before it goes higher, a strengthening pound being my biggest concern.
The stockopedia report and presentation from our recent Manchester seminar for LMS Capital is available in our full member exclusive area here: hxxps://
I wonder if they're buying into the new Gresham energy storage fund?
pavey ark
Anyone have any news on how that Sharesoc presentation went?
LMS Capital along with three other companies present at our Manchester growth company seminar on the 16th October, more details and registration here: hTTps://
LMS Capital present at our Manchester growth company seminar on the 16th October, more details and registration here: hTTps://
Thnx to astonedt for spotting this and posting on the GHE thread: GHE CEO interview and Q&A discussing their interim results INTERVIEW - Q&A -
...a little bit of interest continuing today
Redhill - a nice price to have paid on Wednesday. You will have been pleased to see 75k bought @ 51p today... Also pleasing to see GHE up at 460p-470p.
Chat Pages: 58  57  56  55  54  53  52  51  50  49  48  47  Older
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