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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
London Finance & Investment Group Plc | LSE:LFI | London | Ordinary Share | GB0002994001 | 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 51.50 | 50.00 | 53.00 | 51.50 | 50.50 | 51.50 | 6,013 | 12:46:43 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 2.62M | 1.38M | 0.0443 | 11.63 | 16.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
01/3/2024 08:18 | LFI is run solely for the benefit of the Marshall family. The directors have proved over the years that they are clueless. LFI will always continue to trade at a huge discount to assets. An immediate wind-up is urgently needed. | kneecaps2 | |
01/3/2024 07:55 | Warwick Marshall now appointed to LFI. No sign of wind-up just yet with new funds being deployed in the general portfolio over time. Dividend nudged-up. The cost base and tax position is very sub-optimal. Maybe this will go the same way as WSE once City Group and Industrial & Commercial Holdings are dealt with, but it will definitely take a few years. It sounds like David Marshall is retiring. Best wishes to him. | topvest | |
03/1/2024 06:32 | It is all in the timing. LFI / WSE has been moribund for years. Only real use was supporting the Marshall empire. | russman | |
02/1/2024 16:30 | Topvest I'm sure that most of the NAV in Western Selection will be paid out to shareholders quite quickly. ---- LFI Since LFI/WSE have been selling off their strategic investments (Finsbury Food, Northbridge, Kinovo I think....) & David Marshall has retired as CEO at his biggest responsibility... & since I think his 1 son/heir, Warwick, has not I think been appointed to the board at LFI Then logic, or the smoke signals, says imo that LFI will also be wound up & the cash paid out to shareholders, after the process for Wstern jas been completed. That is my guess anyway. | smithie6 | |
30/12/2023 07:43 | no point expanding "General"; liquidate LFI or reverse something significant into it. | russman | |
29/12/2023 15:43 | This is interesting. David Marshall has retired as CEO recently at Marshall Monteagle...hxxps:// | topvest | |
29/12/2023 15:40 | There is really no point to LFI now that all the strategic investments are effectively gone and they have admitted to poor returns. Their strategic investments have been only very average, leading to poor returns due to the high cost base. In their last annual report they said they are still looking for strategic investments and their strategy is unchanged. They will, no doubt, want to find a solution for City Group P.L.C. before LFI closes though. Also, Lonfin are committing to a 4 year loan facility with WSE. They should wind-up LFI as well or at least convert it to an investment trust. I can't see LFI being wound-up in the short-term, much as I would like it to. At least WSE gives you confidence that we will one day receive NAV for our holding, maybe in 5 years time. In the meantime it will be 1.15p a year! | topvest | |
29/12/2023 14:14 | 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! | kneecaps2 | |
29/12/2023 12:19 | Have to agree I think. If no logical reason to keep Western going then also no logical reason to keep LFI going. That's my reading of the tea leaves anyway. | smithie6 | |
29/12/2023 12:03 | Yes cannot argue - selling in 2007 was the right thing to have done. Things which have changed since 2007. Apart from ICH all the strategic investments have gone. The Central London flat has been sold. WSE is being liquidated. City Group is being wound down. The corporate centre is now in serviced offices and everyone is older. The minority shareholders, some of whom also hold WSE may therefore expect that value should be released from LFI as well as it serves no point as an illiquid listed company without the tax advantages of an investment trust. | kinwah | |
29/12/2023 10:03 | 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 ! | smithie6 | |
14/11/2023 09:25 | big pullback........... | chrisdgb | |
29/9/2023 14:26 | A totally clueless RNS linking to a non-existent Annual Report as well. They are so poor its unbelievable! | topvest | |
29/9/2023 12:17 | Results out - NAV 59p DPS 1.15p. "The Board continues to pursue its current Investment Policy and has no plans to make any further changes to the policy in the near future. As at 30 June 2023, the Company held 37 investments in the General Portfolio." Really - there are no strategic investments left, except WSE which is effectively a cash shell? They sold FIF a year before a recommended bid. Nice timing after creating and holding for 20 years. You really couldn't make it up! It looks like they may stagger on with this game for another year or two. | topvest | |
20/9/2023 11:37 | WSE have changed auditors. A woefully late change. Incompetent. BDO charging too much no doubt, but should have sorted this out long ago. Clearly no liquidation imminent otherwise they wouldn't have needed an auditor. | topvest | |
20/9/2023 11:17 | FIF bid today. That's all their strategic investments (WSE and LFI) either in a bid scenario or already acquired. The day of reckoning is closing in! | topvest | |
17/5/2023 08:32 | The discount of WSE is crazy...........Kino | chrisdgb | |
14/4/2023 15:12 | LFI's days as a fully listed company are probably numbered. It can't be compared to a tracker as it doesn't have the tax advantages of a unit trust or investment trust. Therefore the board has to decide on the next steps now that WSE is substantially liquid. | kinwah | |
01/4/2023 06:15 | 40 equities in the general portfolio & 1 strategic investment WSE. So shareholders are paying excessive fees to Mr Marshall for poor portfolio performance. Why not use a tracker. | russman | |
13/3/2023 17:43 | Interims are later than usual. | russman | |
14/11/2022 16:54 | SP actually went up today; for a change. | russman | |
25/4/2022 12:55 | Maybe a tad optimistic in my view. I would settle for LFI paper. They do probably need a share consolidation to squeeze out the hundreds of very small holders for a nominal return though. | topvest | |
25/4/2022 06:04 | Interesting idea. WSE take over LFI for paper. LFI offer a cash alternative to buyout minority. Effectively Marshall's retirement. | russman | |
25/4/2022 05:54 | No reason for this to be listed. | russman |
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