London Finance & Investm... Share Discussion Threads

[markt] 18/12/2006 12:16

MWB has 38 million shares in MBE, ie. majority shareholder.....=78M pounds worth

and MBE share price has now doubled since it was listed at 80p.

And MWB cap. value is 186M pounds.

So..if MWB sold all of their shares in MBE (to institutions for example) they would raise 78M at today's share price.

WHich could then de paid as a dividend to MWB share holders, a 50% dividend.
MWB share price would fall but I doubt it would be as much as 50%.
(if done as shares and not cash then can avoid a lot of tax problems)


So....I think the MWB share price will rise as the market notices this reality.

WHich in turn will increase the NAV per share of London Finance LFI that has a large % of its NAV in MWB. 2million shares to be exact after submitting 1M in recent cancelling for cash process.

[markt] 13/12/2006 15:41

Hi Gorse.
"I don't believe historic graphs have any predictive content"

but in reality the LFI share price has followed the graph.....and been affected by the top and bottom of the trend

and this is the case for many other shares

But of course trend lines can be broken....

-----

MWB has done well recently
LFI has 2million shares left (1M cashed in at around 2.08)
and share price now 235p to buy

if say it is a 25p increase then = 500K pounds increase in LFI NAV......always helpful...=3% or something of LFI NAV

Not wild but .....going in the right direction.

[gorse] 20/11/2006 13:45

I hold LFI - and I don't believe historic graphs have any predictive content.

[markt] 20/11/2006 13:34

....if anyone believes in graphs....

....another 2 or so weeks and current LFI share price should be getting hit by the lower part of the trend 'region'....and if it then does not break from the trend ..then it will go up....again ...
(and looking at the LFI investments then I think the probability is in favour...)


:-)

[markt] 15/11/2006 13:29

....looking back at the graph and rise over last 2 weeks....

...perhaps/probably due to the partial taking of profits in MWB shares (1M shares submitted to MWB, process which re-inforces/increases the MWB NAV, so good news for the 2M shares still in MWB)
and locking in most of the potential profit from Finsbury warrants, X million exercised, using the cash from returned from MWB I assume.

(perhaps the previous sharp jump to 44p, and being near the top of the trend band shows, that some people are watching and bought in... and price has gone on from there...47p now to buy :-) )

and I assume that exercising warrants qualifies for tax exemption on other profits (eg. MWB) since it is submitting cash for new shares in a business venture which often qualifies for tax exemption...

so...

looks like the plans/intentions of the controllers of LFI are working out well at the moment....which is good for confidence etc...

and Finsbury and MWB share graphs are looking good over last few months..so things look promising/solid/good for the next few months I think....

[markt] 03/11/2006 19:21

bloom'in heck !!

Up 2p today .....luvely jubbly !!

[markt] 03/11/2006 10:51

1p spread today according to ADVFN
1/2p from mid price....

(to sell price edged up 1p as the MM did not want to agree to sell any at lower price...)

surprisingly small spread at the moment for such a small stock, normally 2p spread I think

(yesterday MWB continued its upward rise and the MWB offshoot has been doing well, which helps MWB, large holding)


next the 'to buy' price will hopefully edge up a penny....

'keep on trucking' !!

Not as exciting as a single stock but who needs so much risk when the graph behaves like that of LFI !!
(still some risk since a concentrated fund and not 100 holdings of 1% ...look at the yearly gain over last 2 years...)

[markt] 24/10/2006 17:19

MWB has more to go I think after the cancellation of millions of shares, increases NAV

and LFI is due another 1p increase I think....

keep that up line clicking slowly away...

50-60% a year

and a dividend.

and discount to assetts

Not bad !

[topvest] 29/9/2006 19:00

Good news at the AGM today. Seems sensible to cash in some of the MWB shares given the significant rebound from where this company was a couple of years ago. The £2m raised should come in handy for another strategic investment!

[topvest] 02/9/2006 15:53

Always seem to miss the LFI and WSE results. I'm not sure that the "A" symbol shows up - must be using a different RNMS service. Anyway, LFI looks in good shape on the back of these results, although a slightly disappointing 5% increase in the dividend. All their investments look well positioned - WSE, MWB and Finsbury Food. Never going to set the world alight, without a change in direction, but doing OK.

[cwa1] 25/8/2006 16:07

Busy board here, eh? :-)

Results just released:-



Steady as she goes and still showing a decent sized discount to NAV of 52p.

[oooff] 23/2/2006 12:32

Maybe some good news in interim results which should be due very soon?
Glad I topped up at 35p.

[cwa1] 23/2/2006 12:03

OK guys, wassup here?? Apart from the share price.

[robin_of_loxley] 16/12/2005 08:43

apologies re temporary disruption to charts - bigcharts seem to be having a technical hitch on their site, reckon will likely be fixed soon

[robin_of_loxley] 07/12/2005 02:05

....and has been rising a little more since I sold....

[robin_of_loxley] 21/11/2005 00:24

"Clothed Trader - 18 Nov'05 - 14:46 - 36 of 36

He he !!
Robin of Loxley sold after posting quite a lot recently.

Looks like he was ramping it ....as a number of people suggested."

-----------------

What a lot of nonsense clothed trader - show me the posts wher I have done any such thing - I posted on here becasue I had shares (have had these and FIF since megalomedia days - and was interested in discussing with others - I never offer investment advice - I sold because they had dropped off a significant high, and needed the cash for frankly more exciting opportunities elsewhere, and having missed out on VOG because I couldnt be bothered to sell other shares and free up the capital, and didnt want to make the same mistake twice within a week or so.

I learned how to set up charts a little while ago, and set up chart threads for my reference on a number of shares I follow then, have enhanced them as I learned more, and added new threads as I research or buy into other shares - as I say when I set them, no advice is intended, and they are primarily for my own reference - if others want to use them they can feel free.

I cant stand those who seek to manipulate either by obvious ramping or deramping, and when I see it I roundly criticise them. I find when you do this, these numbskulls often post retaliatory posts on your threads - somthing I dont let put me off from speaking my mind when I feel it is necessary. Any accusations you will have read on my thread come from such monkeys in such situations under one of their multiple aliases.

regards,

RoL
>>>>>-------------------->

[clothed trader] 18/11/2005 15:01

Trend Line % yearly increase rate

was 24p in
and now 38.5p

(using 1 year chart on ADVFN)

That is an increase of 14.5p
with respect to the buy in price of 24p that is a % gain of 60%.

In the bank your money may gain 4%.
LFI has gained 60%. 15 times as much.

If achieve 60% for the year from now then price will be 38.5 +60%
= 38.5 +23p = 61.5p.

Might be a boring grind getting there (a single share is of course much more volatile or 'interesting' ) but various advantages with a concentrated fund like LFI....if 1 share halves the affect on the total is not so great. And if the others go up then the total can still be up.

Who knows what will happen in the next year ...but at the moment the UK stock market (where almost all of the LFI investments are) is very strong and recent rises in the stocks held by LFI have been good....(MWB, WSE, etc) so at the moment there is no reason to expect the trend not to continue at the moment. (and the news/comments from the companies that LFI has large investments in are all solid at the moment. The one that has had the hardest year in the WSE/LFI stable in Swallowfield....but that holding is not so high....and there are possibilities there for this year...noting changes and that invested in machinery this year, significant % wrt company cap. value)

[clothed trader] 18/11/2005 14:46

He he !!
Robin of Loxley sold after posting quite a lot recently.

Looks like he was ramping it ....as a number of people suggested.

----

Nett assett value is about 55p at the moment, using my calcs and that includes the new shares issued after the warrants were exercised. ( investment values have risen strongly recently which cancels the reduction in NAV caused by the warrants being exercised at a price approx. half the NAV per share)

Some people asked about how many warrants were going to be exercised, before the company announced the news.
You chaps need to do a few more investing basics !!

The exercise price was 25p, and the NAV price was declared by the company not so long ago as I think about 55p. And share price was about 35p.
Not too difficult to see that the warrants will get exercised when they are cheap compared to the NAV and share price.

And of course you should all have noted that most of the warrants were held by people linked to the company as either beneficial or non-beneficial holdings .......and big fish like that can access the cash needed to exercise their millions of warrants, as they did.
( and the company had repeatedly declared that they wanted the warrants to be exercised to provide cash to the company.......

the company quickly used some of the cash raised to exercise 800K warrants in Western Selection, at 64p. For that they will get a dividend, at divvy time, of approx 3% or so (assuming stays the same as this year ..and the div. has a solid history of increasing....and NAV is so much higher than share price that easy to pay the div. at 3%)

-----

Worth noting that the discount for LFI to NAV is quite high.
say 40p to buy and 55p NAV
discount = 15p
with respect to the price you pay, 40p then
discount = 37%

If add in WSE at its assett value you can get NAV of approx. 60p and then discount = 50% to purchase price of 40p.

To me that is a very tempting proposition as a buy.


when you factor in that MWB has a good chance of heading higher, and WSE then the NAV could in my view easily get to 60p

(for WSE for example the buy/sell prices are 66p and 60p at the moment. Last week it was 58/60p. The market makers have, in my view, sold some shares to buyers and are trying to get of shares to replace them, and have put the spread up to 10% to put people off buying.....
if you use 66p as the price, adn not 60p, in the calc of LFI NAV then you will get an uplift...

And WSE NAV is around 100p, yes indeedee. (noting that this is partly due to the rapid recent rise in Creston....which could fall back if the recent interest wanes...but people seem to be expecting good results (5th Dec I think) so the recent rise could be supported

WSE or LFI as a buy ?
WSE has larger % discount (share price to NAV) than LFI. And stands a higher chance of being wound up, in my personal view, to realise the assetts....since this will feed into WSE...and not the other way around.
(if add in the increase if WSE is wound up then the LFI NAV increases and the current discount to NAV also increases to probably make the discounts similar).

But LFI chart has better trend I think. Steady rising pattern. And depends on your own views on the large holdings in each fund. WSE chart sufferred from the crash in Sanctuary group.


An additional note.
The companies record in buying in cheap in certain stocks and then seeing very large gains over the future years ....is now excellent in my view.

Sanctuary Group, MWB, Creston, Finsbury Foods......

Being able to buy into that skill at a discount is a good opportunity in my view.

[robin_of_loxley] 17/11/2005 16:20

Got most of my shares out of these for the short term in the last day or so, (hopefully) better homes for my cash...

...this could rise some more, but as highs over the last few years go, its not a bad one... we'll soon see whether I was right or not I guess....

I will keep following the thread and may well add back depending upon performance / prospects. I still hold FIF

RoL
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[cwa1] 17/11/2005 08:05

Morning jhan66

Not impressed by the timescale either but not terribly surprising regardless.

[jhan66] 16/11/2005 20:36

mw8156,
my apologies.
Not impressed with the 3/4 week delay in notifying us about the warrants exercise.

[cwa1] 16/11/2005 14:59

Great to see Western up 5% today, of course that means LFI should fall back itself ;-)

[cwa1] 15/11/2005 10:25

Noticed that Creston, a big holding for Western, is up 5% so far today. Not a direct effect for LFI as Western hasn't budged-but all grist to the mill for LFI nonetheless.

[robin_of_loxley] 15/11/2005 10:02

nice, as the man said, nice