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LFI London Finance & Investment Group Plc

46.00
0.00 (0.00%)
24 May 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 Shares Traded Last Trade
  0.00 0.00% 46.00 700 07:37:27
Bid Price Offer Price High Price Low Price Open Price
44.00 48.00 46.00 46.00 46.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 2.62M 1.38M 0.0443 10.38 14.36M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:40:16 O 700 45.60 GBX

London Finance & Investm... (LFI) Latest News

London Finance & Investm... (LFI) Discussions and Chat

London Finance & Investm... (LFI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-24 13:40:1845.60700319.20O

London Finance & Investm... (LFI) Top Chat Posts

Top Posts
Posted at 25/5/2024 09:20 by London Finance & Investm... Daily Update
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 46p.
London Finance & Investm... currently has 31,207,479 shares in issue. The market capitalisation of London Finance & Investm... is £14,355,440.
London Finance & Investm... has a price to earnings ratio (PE ratio) of 10.38.
This morning LFI shares opened at 46p
Posted at 07/5/2024 17:14 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 27/3/2024 09:57 by smithie6
...even with the jump due to winding up Western Selection which removes it's discount to NAV
The LFI share price is only around 50p

While some of us sold at the same price in ~2007
& since then the price needs to have perhaps doubled to keep up with inflation, although the divis add up, but less than inflation.

Not had a good record.
Posted at 01/3/2024 08:18 by kneecaps2
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.
Posted at 01/3/2024 07:55 by topvest
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.
Posted at 02/1/2024 16:30 by smithie6
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.
Posted at 29/12/2023 15:40 by topvest
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!
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 12:03 by kinwah
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.
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 !
Posted at 21/12/2021 16:29 by smithie6
I managed to double the value of my portfolio from 1 Jan 2020 to now

whereas the LFI share price (& I assume the NAV) is down ~10%.

Sometimes it feels like they are asleep.
London Finance & Investm... share price data is direct from the London Stock Exchange

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