Lms Capital Share Discussion Threads

[hugepants] 31/1/2022 10:29

NAV up to 60.8p (from 58.4p at end of Q3)

[hugepants] 20/1/2022 14:57

I'd hope NAV is up by a few pence per share at least given Dacian must have risen in value.

[cwa1] 19/1/2022 15:50

LOL, Can you do that to order CC?!

[cc2014] 19/1/2022 15:42

I post after the price doesn't move for about 3 months. And whoosh the share price falls 3p

[cc2014] 19/1/2022 11:29

Brent now at $86. Got to be good for the Dacian investment.

[magic] 23/11/2021 15:24

Hoorah !!


23 November 2021
LMS Capital PLC

LEGAL COMPLETION BY DACIAN PETROLEUM OF ITS ACQUISITION OF OIL AND GAS
PRODUCING ASSETS IN ROMANIA

[igbertsponk] 22/11/2021 08:48

They need the cash for the Directors Rem.

[hugepants] 21/11/2021 20:43

They need to invest the cash pile. It covers 70% of the market cap!

[westofengland] 18/11/2021 14:32

And I am here with similar thoughts to Value Hound!!!

I bought them because Gresham House were involved- anyhow the Romanian deal looks good and hopefully we'll get a renaissance of the share price in a few years time.
If they did a second good thing, I might even buy some more yet I am not holding my breath.

[value hound] 18/11/2021 14:00

Its' only you and me here Huge Pants

I'm here, too, FWIW, waiting for the gaping discount to narrow - whilst simultaneously not trusting mgt; deja vu!? :-)

[cc2014] 18/11/2021 12:30

Its' only you and me here Huge Pants so hopefully not too many PI's to sell out on the way up.


The MM will let me sell a significant quantity inside the spread at 34.1p so it looks like they are after stock.

[cc2014] 13/11/2021 08:18

Note 2 of the interims confirms the interest has not been taken into the accounts so that's a million to add to the upcoming year end

[hugepants] 12/11/2021 15:53

Yes it took long enough.
They say they have already accrued $1M in interest payments which I'm not sure has been recognised in the last NAV. Presumably not.

[cc2014] 12/11/2021 13:20

This deal was put together in August 2020 when the oil price was $40 a barrel. If LMS think they could make money at $40 a barrel then what of $80 a barrel now?



If I were them as soon as they sign the legal stuff and close the transaction which they say will happen in November I'd hedge at least half the production for the next 3 years.

[cc2014] 12/11/2021 12:56

Finally! I picked a few more up at 31.7p which was nice.

It seems the MM are sitting on a few. I have noticed a few sells going through the last few weeks.

[cc2014] 05/8/2021 08:47

So, the bid has now been 37p for 24 hours so I'm feeling optimistic that there aren't a large number of sellers in the background.

It's impossible to say whether the buyer will move the price up again later in the day. He's certainly not competing for stock with anyone else.

Fingers crossed

[cc2014] 04/8/2021 08:33

Share price moving up nicely

I can't say I'm excited about how long Dacian is taking but I am exciting in the improvement in oil price since they announced the deal.

Good to see they are likely to invest some of the cash in the second half.

[igbertsponk] 03/8/2021 09:38

2% running costs in 6 months, so 4% a year. Impossible to make money with those overheads.

[skyship] 03/8/2021 07:13

NAV 59.0p as at Jun'21 - down from 59.4p. Only a very small reduction; but this when everyone else reporting great gains.

[cc2014] 14/6/2021 10:21

Back to 34p on the bid which is not before time. It's always hard to read this stock and where it is going next but my sense is that the general trend is upwards.

[westofengland] 27/5/2021 16:23

It will be seriously exciting if we get some traction on this stock.

This is the biggest excitement since January 2020 when they began life as Self Managed.

[cc2014] 27/5/2021 15:54

Now we are in business.

[cc2014] 26/5/2021 10:09

I'm thinking the MM's have been mucking about with this trying to shake out some sellers. I'm thinking they are now done.

[cwa1] 26/5/2021 09:57

Modest signs of of life today