LMS Capital plc

Equities

LMS

GB00B12MHD28

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:08 2024-04-29 am EDT			5-day change	1st Jan Change
18.55 ^GBX	+0.54%		+2.77%	-24.29%

Mar. 19	LMS Capital reports a drop in its net assets	AN
Mar. 19	Earnings Flash (LMS.L) LMS CAPITAL Reports FY23 Loss GBX-4.60	MT

LMS Capital sells holding in Medhost for USD8.6 million

December 27, 2023 at 06:00 am EST

LMS Capital PLC - London-based investment company - Sells its minority interest in Medhost Inc, a Tennessee, US-based health information technology company, for net proceeds of USD8.6 million. Of this, USD7.0 million will be paid in cash at closing and USD1.6 million by way of a promissory note, to be settled one year after closing, accruing interest at 11.25% per annum. LMS Capital says that the ned proceeds for the sale are USD1.6 million in excess of Medhost's book value at September 30.

Last week, LMS announced the acquisition of Castle View Retirement Village in Windsor, with the aim of developing an investment platform in the retirement sector.

Chair Robert Rayne says: "I am delighted, following last week's announcement of our acquisition in the retirement living sector, to now be able to report this exit and at a value greater than our book amount. It represents significant progress in the realisation our remaining portfolio of mature assets."

Current stock price: 23.93 pence

12-month change: down 19%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BIST 30	10,947 PTS	+2.01%	+3.99%	-
	LMS CAPITAL PLC	18.55 GBX	+0.54%	+2.77%	18.55M

Latest news about LMS Capital plc

LMS Capital reports a drop in its net assets	Mar. 19	AN
Earnings Flash (LMS.L) LMS CAPITAL Reports FY23 Loss GBX-4.60	Mar. 19	MT
LMS Capital plc Recommends Final Dividend for the Year Ended 31 December 2023, Payable Early June 2024	Mar. 19	CI
LMS Capital plc Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 19	CI
LMS Capital says Brockton lender appoints receiver for asset	Jan. 29	AN
LMS Capital sells holding in Medhost for USD8.6 million	Dec. 27	AN
LMS Capital to Sell Medhost Stake for $9 Million	Dec. 27	MT
An unknown buyer acquired 8.8% stake in MEDHOST, Inc. from LMS Capital plc for $8.6 million.	Dec. 26	CI
N. Harris Computer Corporation acquired Medhost Inc. from LMS Capital plc and others.	Dec. 21	CI
CAP-XX reports strong product sales to aid first half	Dec. 21	AN
LMS Capital Buys UK Retirement Village in GBP12 Million Deal	Dec. 21	MT
LMS Capital plc acquired Castle Retirement Living Limited from Robin Hughes and James Sarmecanic for £11.9 million.	Dec. 20	CI
Searchlight Capital Partners, L.P. completed the acquisition of Gresham House Plc from abrdn plc, Saffie Investments Limited, TB Amati UK Smaller Companies Fund, Richard and Venetia Crosbie-Dawson and others.	Dec. 18	CI
Robert Walters interim profit down, LMS NAV falls	23-08-01	AN
Earnings Flash (LMS.L) LMS CAPITAL Reports H1 Loss GBX-1.80	23-08-01	MT
LMS Capital plc Approves Interim Dividend in Respect of the Financial Year to 31 December 2023, Payable on 12 September 2023	23-08-01	CI
LMS Capital plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-01	CI
Searchlight Capital Partners, L.P. entered into an agreement to acquire Gresham House Plc from abrdn plc, Saffie Investments Limited, TB Amati UK Smaller Companies Fund, Richard and Venetia Crosbie-Dawson and others for approximately £470 million.	23-07-16	CI
LMS Capital plc Approves Final Dividend for the Year Ended 31 December 2022, Payable on 23 June 2023	23-05-18	CI
Mineral & Financial buys stake in Mexican mining firm	23-04-28	AN
LMS Capital net asset value falls as it swings to an investment loss	23-03-20	AN
Earnings Flash (LMS.L) LMS CAPITAL Posts FY22 Loss GBX-2.30	23-03-20	MT
LMS Capital plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-20	CI
LMS Capital plc Recommends A Final Dividend for the Year Ended 31 December 2022	23-03-20	CI
IN BRIEF: LMS Capital shares jump on quarterly net asset value rise	22-10-28	AN

Chart LMS Capital plc

Duration

Period

More charts

Company Profile

LMS Capital plc is a United Kingdom-based investment company. The Company's investment objective is to deliver consistent long-term financial returns for its shareholders, which includes an overall total return, net of costs, over the longer term in the range of 12%-15% per annum, of which an element includes an annual distribution, and the total return to include an annual dividend, initially set at 1.5% of NAV and ultimately progressing to 3.0%. The Company is focused on investing in three sector areas: real estate, energy and late-stage private equity. It is primarily focused on smaller private investment opportunities below Â£50 million value. It aims to broaden its shareholder base and develop itself into an attractive investment for family offices, high net worth investors and institutions. The Company predominantly invests in the United Kingdom, Europe and North America.

Sector

Investment Management & Fund Operators

Calendar

2024-05-15 - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Sector Other Investment Management & Fund Operators

	1st Jan change	Capi.
LMS CAPITAL PLC	-24.29%	18.55M
BLACKROCK, INC.	-6.22%	113B
APOLLO GLOBAL MANAGEMENT, INC.	+20.42%	63.85B
BROOKFIELD CORPORATION	+5.53%	61.9B
BANK OF NEW YORK MELLON CORPORATION (THE)	+10.14%	42.86B
AMERIPRISE FINANCIAL, INC.	+9.61%	40.84B
3I GROUP PLC	+18.75%	34.58B
T. ROWE PRICE GROUP INC.	+4.08%	25.46B
STATE STREET CORPORATION	-4.48%	22.13B
PRINCIPAL FINANCIAL GROUP, INC.	+2.24%	18.61B

Other Investment Management & Fund Operators