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IN BRIEF: LMS Capital Portfolio Value Hit By Coronavirus Pandemic

Tue, 4th Aug 2020 15:35

LMS Capital PLC - London-based investment firm - Reports net asset value fell 12% to GBP46.5 million in the six months ended June 30, compared with GBP52.6 million at end of December. Net asset value per share down to 57.5 pence from 65.1p during the same period. This was primarily due to adverse effects of Covid-19 pandemic on portfolio valuations. Following special dividend paid in January, LMS will carry out a progressive annual dividend policy, starting with an interim dividend at 0.3p per share, to be paid on September 11.

Current stock price: 34.00p

Year-to-date change: down 13%

By Neetika Kurup; neetikakurup@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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