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Capitalise on LMS

Investment company LMS Capital (LMS) has announced a tender offer at 85p a share in order to return £40m of its £51.5m net cash pile back to shareholders. But with LMS's share price trading 21 per cent below book value of 85p, even though the company is in the process of winding itself up, this is a win-win situation.

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By Simon Thompson,
07 November 2012

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Simon Thompson

Simon has managed the IC's company coverage for a decade. He's also the creator of the market-beating Bargain Portfolio, an influential stock-picker and the author of Trading Secrets: 20 hard and fast rules to beat the market.