ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

LFI London Finance & Investment Group Plc

51.50
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
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
London Finance & Investment Group Plc is listed in the Finance Services sector of the London Stock Exchange with ticker LFI. The last closing price for London Finance & Investm... was 51.50p. Over the last year, London Finance & Investm... shares have traded in a share price range of 31.00p to 59.75p.

London Finance & Investm... currently has 31,207,479 shares in issue. The market capitalisation of London Finance & Investm... is £16.07 million. London Finance & Investm... has a price to earnings ratio (PE ratio) of 11.63.

London Finance & Investm... Share Discussion Threads

Showing 401 to 424 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
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://www.city-group.com/wp-content/uploads/2023/12/2023.12.14-Announcement-re-Change-of-CEO.pdf
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...........Kinovo flying
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
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com