Flat NAV for LMS

Investment company LMS Capital says that its net asset value has been maintained at 83p a share at the end of September 2010. There was a rise in the value of quoted investments but a decline in the unquoted portfolio.LMS continues to sell off underperforming older investments. In the three months to September 2010, LMS sold its interests in Citizen and Corizon, as well as the software division of Kizoom. This assets had already had their valuations written down at the end of June 2010. There are plans to sell the hardware division of Kizoom. The investment focus is on the energy, consumer and applied technology sectors. LMS has invested a further $1.8m (£1.3m) in energy services provider Nationwide Energy Partners. LMS has net cash of £38.8m. Lms Capital