We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| London Finance & Investment Group Plc | LFI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 70.00 | 08:00:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.00 | 70.00 | 70.50 | 70.00 | 70.00 |
| Industry Sector |
|---|
| NONEQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/09/2024 | Final | GBP | 0.006 | 05/12/2024 | 06/12/2024 | 18/12/2024 |
| 01/03/2024 | Interim | GBP | 0.006 | 21/03/2024 | 22/03/2024 | 04/04/2024 |
| 29/09/2023 | Final | GBP | 0.006 | 07/12/2023 | 08/12/2023 | 20/12/2023 |
| 31/03/2023 | Interim | GBP | 0.0055 | 20/04/2023 | 21/04/2023 | 04/05/2023 |
| 30/09/2022 | Final | GBP | 0.006 | 08/12/2022 | 09/12/2022 | 21/12/2022 |
| 18/02/2022 | Interim | GBP | 0.0055 | 10/03/2022 | 11/03/2022 | 24/03/2022 |
| 27/09/2021 | Final | GBP | 0.006 | 09/12/2021 | 10/12/2021 | 22/12/2021 |
| 22/02/2021 | Interim | GBP | 0.0055 | 11/03/2021 | 12/03/2021 | 25/03/2021 |
| 21/09/2020 | Final | GBP | 0.006 | 19/11/2020 | 20/11/2020 | 02/12/2020 |
| 24/02/2020 | Interim | GBP | 0.0055 | 12/03/2020 | 13/03/2020 | 03/04/2020 |
| Top Posts |
|---|
Posted at 02/12/2024 08:55 by smithie6 ..wind up & cash payoutwhich should be ~73p/share imo hence the Marshall in charge was buying shares at ~50p. ----- The main Marshall business is I think Monteagle......which is a holding company, with subsidiaries, mostly import/export & property investing I think I recall. If they see better returns over the next 10 years from a sector where 1 of the Monteagle subsidiaries is working then be logical if they want move cash to that. (while, sure, buying shares at ~50p to then get 73p/share cash payout only a few months later, that is great % low risk return) The performance from LFI has been dismal & has not kept up with inflation so it is very understandable to give up the LFI strategy. Sadly it does not look like LFI needs cash to fund construction costs of housing at the ICH subsidiary, if that was the case LFI would not have sold its ICH shares. |
Posted at 29/11/2024 16:30 by kinwah Kneecaps I think you are assuming the board know what they will do next. They have liquidated the portfolio therefore the options look like a) winding the company up b) having a massive tender offer to take out 90%+ of the shareholders at close to asset value and then delist and re-register as a private company, c) merge with another company, d) acquire a trading business e) do nothing. I think the Marshalls have other companies and I don't know how that could affect their plans for LFI. I think if someone had a cunning plan for LFI then they should suggest it to the board. My expectation is a) or b). They have done a lot of tidying up by, selling the flat, closing down Western Selection, slimming down City Group and selling the share portfolio so I don't expect LFI has long left as a listed company. |
Posted at 25/11/2024 10:39 by smithie6 ...has LFI stated what its plans are ?to change from an investing company to a non-investing company is a major change that surely must be communicated (in advance) to shareholders, no ? ------ LFI & Western provided good annual income & payment of expenses to the Marshall's over decades ...so, its a bit surprising if the Marshall's decide to give that up....but it looks like they might be... ---- prelim annual results said "The Board continues to pursue its current Investment Policy and will advise shareholders of any proposed changes. " .....appears to have been completely untrue..since "all" the investments have since been sold, only weeks later !! |
Posted at 16/10/2024 11:10 by smithie6 who ?======== And ICH so many years (20 ?!!) trying to get permission to build houses....& despite the supposed massive demand for more houses....permission is never obtained !! ....seems a bit strange to me. If a director of ICH bought the WSE/LFI stake (29% if my memory is correct) then they think that permission will be granted one day. (or perhaps they get , or will get, enough pay back via fees (and/or jobs for family) to make the expenditure worthwhile ......) |
Posted at 03/10/2024 18:05 by smithie6 what is the situation with Industrial & Commercial Holdings ltd ?it held some land in sunny Scotland & the co. have been trying for ~15-20 years to get planning/building permission for homes, in which case the land would be worth much more. In 1 bit of LFI text, LFI bought the Western Selection stake (30% ?) for £50k....but then sold it for £50k. (if so it might infer that LFI saw no likelyhood of a rise in its value. Anyone know anything ? |
Posted at 03/10/2024 16:17 by kinwah Callumross, I didn't read it that way. They have the problems of increasing costs and dull investment performance and would like LFI to be a larger entity. Having a South African listing as well makes a UK delisting unlikely in the short term. I hope the larger non-Marshall shareholders keep up their lobbying to return value to shareholders with either a share buyback or a transformative deal. |
Posted at 10/8/2024 12:48 by kinwah I haven't tried to calculate the hidden upside but the City decision on MWB should result in some compensation to former MWB shareholders such as LFI from the non-bid. This could potentially delay any winding up but lead to more value for LFI shareholders. Google MWB takeover if you have no idea what I'm talking about. |
Posted at 07/5/2024 16:14 by kinwah Very interesting share purchase by Warwick Marshall announced today. Interesting because there was a thought that the Marshall family couldn't buy any more LFI shares because it was in a concert party holding more than 30%. This was often suggested as a reason why LFI never bought back any of its own shares. Anyway I think now we will see a bit more action in the shares as a result. |
Posted at 29/12/2023 14:14 by kneecaps2 Yes I agree with you all today. I first invested in Western and LFI in the 1980s and they have been dogs ever since. If the directors of LFI are going to reinvest the £6.3 million they receive from Western in International blue chips on their past performance they are more stupid than I would have thought possible. I am sure most shareholders would rather LFI sold off all their assets and return the capital which should be well over 70p a share to shareholders. From the 2023 accounts I notice LFI increased assets by a measly 1.2% over the last 5 years and only paid a tiny maintained dividend of 1.15 per share. Surely time to give up! |
Posted at 29/12/2023 10:03 by smithie6 Congrats to long suffering shareholders in LFI & Western Selection.But ! ... personally I was phps lucky with my timing & decisions to have sold my LFI shares at the peak of the spike in ~2007, at 50-55p.....& that money has since at least doubled being invested elsewhere & produced income. The reward part of risk/reward at that moment was non-existant so it was time to sell. LFI shareholders have not done well since that 2007 peak. 16 years later & the share price is ~10% lower. I guess that LFI shareholders might be hoping that LFI copies Western Selection & winds itself up. If that were to happen the return per share would be notably higher. But if LFI doesn't wind itself up, you might pay 48p now & phps see the share price still at 48p in 10 or 15 years time ! |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
