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LMS Capital plc (LMS) Ordinary 10p

Sell:28.00p Buy:30.80p 0 Change: No change
Market closed Prices as at close on 28 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:28.00p
Buy:30.80p
Change: No change
Market closed Prices as at close on 28 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:28.00p
Buy:30.80p
Change: No change
Market closed Prices as at close on 28 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective is to achieve absolute total returns over the medium to longer term, principally through capital gains and supplemented with the generation of a longer term income yield. The company targets a return on equity, after running costs, of between 12% and 15% p.a. over the long term.
Security Weight
Gresham House Ordinary 25p 3.70%
Brockton Capital Fund 1 3.47%
Medhost 3.42%
Opus Capital Venture Partners 1.97%
San Francisco Equity Partners 1.61%
Solaredge 1.08%
Elateral 1.01%
Icueyewear 0.95%
EMAC ILF 0.62%
Eden Ventures 0.57%

Top 10 sectors currently unavailable.

Country Weight
United Kingdom 3.70%
United States 3.48%

Fee Structure

Annual management fee of i 1.50% p.a. of the average audited NAV of LMS if NAV is GBP 100m or less ii 1.25% p.a. if NAV exceeds GBP 100m, but is less than GBP 150m and iii 1.00% p.a. if the NAV exceeds GBP150m. Performance fee of 15% of the gain in the NAV of New Investments is payable if its cumulative compound growth represents at least 8% p.a. Contract terminable on notice period of 12 months.

Dividend Policy

The company will institute a progressive annual dividend policy. The Board is initially targeting a dividend in respect of each financial year of approximately 1.5% of that year's closing NAV. The amount of dividend will be reviewed each year in light of the Company's liquidity, the investment income generated, distributable profits and market conditions.

ASSET SPLIT

Total number of holdings: 21.

Trust Manager

Tony Dalwood

Manager Bio

Tony is Chairman of the Board of SVG Investment Managers (SVGIM) and sits on SVGIM’s investment committees. He originally joined SVGIM in 2002 as Head of Public Equities and became Chief Executive of SVG Advisers in May 2009. Prior to joining SVGIM, he was a Director at UBS Global Asset Management, where he was employed for seven years. While at UBS, he was a member of the UK Equity Investment Committee and responsible for managing over £1.5 billion of UK equities.

Board Of Directors

Robert RayneChairman, Nicholas Friedlos, James Wilson, Peter Harvey, Graham Stedman

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.