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LMS Lms Capital Plc

17.35
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 0.00% 17.35 16.00 18.70 - 35,977 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 96k -1.87M -0.0232 -7.48 14.01M
Lms Capital Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker LMS. The last closing price for Lms Capital was 17.35p. Over the last year, Lms Capital shares have traded in a share price range of 17.00p to 25.60p.

Lms Capital currently has 80,727,450 shares in issue. The market capitalisation of Lms Capital is £14.01 million. Lms Capital has a price to earnings ratio (PE ratio) of -7.48.

Lms Capital Share Discussion Threads

Showing 1451 to 1475 of 1550 messages
Chat Pages: 62  61  60  59  58  57  56  55  54  53  52  51  Older
DateSubjectAuthorDiscuss
06/5/2021
12:41
I'm taking the view that the price of oil has been rising steadily and this outweighs the loss of reserves by a considerable amount.

So, in my mind the share price should have been going up to reflect this.

cc2014
06/5/2021
11:33
re the Dacian O&G acquisition. Since this was supposed to complete by end Jan at the latest then they've effectively lost over 3 months production. That's so far. So they should be paying less for these assets now. They are obviously worth less than they were at the end of January.
hugepants
05/5/2021
06:54
Not much we can do unless we want to buy more HugePants.

I have plenty already and wouldn't want any more unless I can buy at say 28p and surely it's not going to go that low.

cc2014
04/5/2021
18:51
At 32.5p to buy the discount is now 45%. And that includes approx 25p in cash. Bananas!
hugepants
25/4/2021
16:49
Still no news then on the Romanian O&G caper.
hugepants
16/4/2021
11:00
Fair comment about management. I wouldn't trust them with your bargepole never mind mine!

Most of the assets have however been turned into cash and/or reinvested differently.

cc2014
15/4/2021
17:49
Be careful with this. Same management and mostly the same assets that were in LMS a long time ago. And the management have been made redundant/left etc umpteen times and continue to take exorbitant amounts from the company. They've done a whole heap better than shareholders!
igbertsponk
15/4/2021
17:14
Thats very useful, thanks CC2014.
So tiny for an equity capital company.
As you say may well need a longer time to blossom.

magic
15/4/2021
08:11
I don't think you'll get many replies magic. I would guess there are only about 10 people who read this thread and of that only half have looked at the company in any real depth.

I am happy enough to hold having bought below 30p and wait for things to develop. I like the Dacian story and appreciate how transparent the directors have been with it and that even if things go wrong it's not going to be an endless pot of money disappearing into nowhere as it will be the maximum holding allowed.

I also like how the directors are not rushing in to spend all the cash in the pot and this is quite rare as most "fund managers" are always rushing to spend all their cash regardless of whether the timing is right or wrong. I firmly believe there is a disconnect right now in asset prices in the property sector and there will be bargians galore at some point in the future.

I don't like the management costs and see these as way too high as a proportion of the assets. This needs dealing with but it won't happen so you either have to accept or not invest. Hopefully, with the assets generating a return of say 10%+ and paying out 1.5% in dividends, the management costs as a percentage of net assets will shrink over time but I wouldn't bet on it.

I do like that the management incentive scheme is linked to the share price and not some other random metric which means they will get paid regardless. I find the scheme overly generous though, which seems to be the way these days as I think that about all schemes.


It looks cheap to me but of course I have a vested interest. I'm looking to stay in long term rather than flip for 5,10,20% or whatever.

cc2014
15/4/2021
06:23
magic - Robert Rayne's appalling track record as an investor hardly inspires confidence whatever he does; so IMO leave well alone - no discount high enough to justify the Rayne Risk.

That said; there are times when one can snipe a few pennies from this stock.

skyship
14/4/2021
21:52
Had a look through the Annual Report, April 9th.
Not that familiar with this company, the items that struck me were:

- commitment to future 1.5% div payout

- the Romanian investment would result in annual 14% payments to LMS, was it 5 or 10 years, I cant remember
This looks like a kind of preference bond investment.
Must be with voting rights.
The investment is funded by LMS and also individual Directors for a 50% investment with a local partner.

Thoughts
A 14% return is very high and would be associated with a high risk venture.
If this investment was so good, why would Romanian banks not invest for instance?

My personal feeling is that oil prices will continue to stay high for some years.
Techniques to maximise reducing wells are well developed.

I also have a small investment in tiny Evolution Petroleum in the USA, which is a secondary recovery company, having passed a traumatic period.


This is high risk business, as the Romanian co it looks like would only be £20m cap. IMO only a small % of all investments should be in this.


- other item was that LMS has escrowed its capital since Septemeber 2020.
If co is successfully set up, LMS will receive £100k per month from Sep 20.
Must be in the contract. So £300k potentially is not in the accounts and the further months payments as part of the 14% payments would be in 2021.


So its still all about the final agreement, which LMS is positive about.
But they would be I guess.

If the Romanian adventure doesnt pass, the cash woyuld go back to LMS.


Would be interested in any other views.
I dont have any good insights into their other investments, which seem to be up and down.

Hopefully the valuation is so low, that the downside risk seems smaller than the upside possibilities. Here's hoping.

magic
12/3/2021
02:52
Yes and without any news from Rumania.
magic
10/3/2021
08:57
This is plodding along very nicely. Going up in a slow consistent manner, although I guess so is the rest of the market.

For once nice to sit in a trade and feel 100% comfortable.

cc2014
02/3/2021
16:53
Nice trade in the closing auction.
cc2014
17/2/2021
12:55
This seems a very attractive proposition. Bought a small amount.
Surprisingly low P/B.
Romanian oil financing looks increasingly attractive, re rising oil price.
Dividend policy nod to investors.
Shaking up Trust after some turbulence.
Feels like it might develop some momentum.
Limited downside risk.
Increasing inflation should start to float value types more.

magic
17/2/2021
10:07
It seems the seller who has been providing me with stock on an irregular basis below 30p has now stopped.

Share price seems to be inching up slowly, mind you that's no surprise since everything is going up.

It would be nice to see them get the Dacian project signed off

cc2014
02/2/2021
08:40
Portfolio update:


NAV up a couple of pence to 59.5p including approx 25p in cash.

hugepants
16/11/2020
12:27
Aren't these crazily good value again now?
boystown
12/8/2020
07:13
Rayne's previous forays into the sector were pretty disastrous - so IMO not a good start to the dispersal of LMS cash.
skyship
12/8/2020
07:11
No wonder the row with Gresham House if this is what the major shareholders were interested in.
cc2014
12/8/2020
06:50
Interesting , and unexpected by me, acquisition of interests in the oil and gas industry!



12 August 2020

LMS Capital PLC

INVESTMENT IN A PORTFOLIO OF OIL AND GAS PRODUCING ASSETS IN ROMANIA

· Leadership of an investment group to acquire an interest in Dacian Petroleum ("Dacian") in Romania

· Dacian will, conditional on obtaining necessary Romanian Government approvals, acquire a business operating onshore oil and gas fields currently producing approximately 1,400 barrels of oil equivalent per day ("boepd") with significant production upside and unrecovered reserves

· Approvals expected late Q3 or Q4 with a backstop date of 8 January 2021

· LMS investment of US$9.05 million in loan and equity capital to acquire a 32% holding in Dacian

· Co-investors include Dacian management, LMS Directors and others

cwa1
30/4/2020
12:38
Modest director purchase announced
cwa1
29/4/2020
08:48
Decided to sell into the few buyers emerging after today's Update. Out @ 33.125p.

GLA

skyship
02/4/2020
06:32
Yes. noticed that. Sorry, no idea why the slight improvement.

18 trades on Tuesday! Small buyers paying up to 27p in the morning; but squashed down by sellers in the afternoon.

skyship
01/4/2020
18:55
Sky, some life in the stock last two days- any idea why?
westofengland
Chat Pages: 62  61  60  59  58  57  56  55  54  53  52  51  Older

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