LMS Capital : LMS – interims

LMS Capital has published its interim figures for the six months ended 30 June 2014. £40.5m was realised from the portfolio and £40m returned to shareholders by way of a tender during the period. In addition a net £5m was generated from their fund investments. The net asset value rose to 94p from 88p despite fx losses of £3m as the US dollar depreciated vs. Sterling.

At the end of June LMS Capital still had liquid assets of £37.6m and held quoted securities valued at £30m. The outstanding commitments to funds totalled £7.4m.

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