22 May 2013 15:00
LONDON FINANCE & INVESTMENT GROUP PLC - Interim Management StatementLONDON FINANCE & INVESTMENT GROUP PLC - Interim Management Statement
PR Newswire
London, May 22
Since our half year end on 31st December 2012, our net assets per share,including investments at market value, have increased by 20% from 35.6p to42.8p at 30th April 2013.
We have continued to expand our General Portfolio of equities and invested ÂŁ336,100 (net) in the period and currently hold 29 blue chip stocks in the U.K.,Europe and the USA. Including those new investments, the value of the GeneralPortfolio increased by 18% compared to rises in the Eurofirst 300 index of 6.2%and in the FTSE100 of 8.5%. Our Strategic Investments also performed well inthe period with the value of Western Selection P.L.C. rising by 10% andFinsbury Food Group Plc (to which we added a further 42,000 shares) rising by37% following the recent sale of their Free From division.
The Board remains cautious in its outlook for the remainder of the year.
Enquiries to:
London Finance & Investment Group P.L.C.Edward Beale 020 7448 8950Notes to Editors:
â—Ź Lonfin is an investment company whose assets primarily consist of two
Strategic Investments and a General Portfolio. Strategic Investments are significant investments in smaller UK quoted companies and these are balanced by a General Portfolio, which consists mainly of investments in major U.K. and European equities.â—Ź Its strategic investments comprise: Western Selection P.L.C. and Finsbury
Food Group plc. Western Selection P.L.C. has strategic investments in
Creston plc, Swallowfield plc, Northbridge Industrial Services plc and
Hartim Limited.
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