Simon Thompson 

Taking stock and profits

Simon Thompson

Simon Thompson

When I suggested buying shares in private equity investment company LMS Capital (LMS:49.3p), it was predicated on top-rated fund manager, Gresham House Asset Management (GHAM), recycling LMS’s cash pile (currently accounting for £28.5m of LMS’s market capitalisation of £39.8m) into new investments and replicating its success at Gresham House Strategic (GHS:1,245p), a constituent of my market beating 2016 Bargain Shares Portfolio and one of the best performing small-cap funds this year. The majority of LMS’s board concluded that GHAM should continue as the appointed investment manager for the next five years, a decision that Robert Rayne, a major shareholder, opposed as he wants to take the investment management in-house.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now