James Carthew, fund manager at Progressive A trust I currently like is private equity vehicle LMS C...
James Carthew, fund manager at Progressive A trust I currently like is private equity vehicle LMS Capital, which could be set to enjoy a NAV boost and narrow its discount. The £260m closed-ended investment company was formed from the de-merged London Merchant Securities in September 2006 and is Aim-listed. It is trading on a 22% discount, and is set to sell its largest holding in Energy Cranes for a huge profit. We were hoping it would sell in mid-2007 but this was delayed, and it is only now for sale. They should be able to sell it for a decent uplift on value, and it should boost th...
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