30th Apr 2019 13:32
LONDON (Alliance News) - LMS Capital PLC on Tuesday its net asset value slipped in the first quarter due to unrealised currency losses.
At March 31, the investment management company's NAV was GBP59.6 million, equivalent to NAV per share of 73.8 pence, compared to GBP60.3 million, or 74.7p per share, at December 31.
The 1.2% fall was attributed to a strengthening dollar resulting in GBP600,000 in unrealised exchange losses. The decrease, LMS Capital said, was partially offset by the company's investment portfolio showing net gains of GBP300,000.
Since the end of March, LMS said, the changes in prices of the company's investments, and the changes in the sterling-dollar exchange rate, have had no further "material impact" on the company's NAV.
Shares in LMS Capital were untraded Tuesday but last closed at 50.40 pence each.
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