Comment 

Capitalise on LMS

Simon Thompson

Simon Thompson
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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