22nd May 2013 15:00
LONDON FINANCE & INVESTMENT GROUP PLC - Interim Management StatementLONDON FINANCE & INVESTMENT GROUP PLC - Interim Management Statement
PR Newswire
London, May 22
Since our half year end on 31st December 2012, our net assets per share,including investments at market value, have increased by 20% from 35.6p to42.8p at 30th April 2013.
We have continued to expand our General Portfolio of equities and invested £336,100 (net) in the period and currently hold 29 blue chip stocks in the U.K.,Europe and the USA. Including those new investments, the value of the GeneralPortfolio increased by 18% compared to rises in the Eurofirst 300 index of 6.2%and in the FTSE100 of 8.5%. Our Strategic Investments also performed well inthe period with the value of Western Selection P.L.C. rising by 10% andFinsbury Food Group Plc (to which we added a further 42,000 shares) rising by37% following the recent sale of their Free From division.
The Board remains cautious in its outlook for the remainder of the year.
Enquiries to:
London Finance & Investment Group P.L.C.Edward Beale 020 7448 8950Notes to Editors:
● Lonfin is an investment company whose assets primarily consist of two
Strategic Investments and a General Portfolio. Strategic Investments are significant investments in smaller UK quoted companies and these are balanced by a General Portfolio, which consists mainly of investments in major U.K. and European equities.● Its strategic investments comprise: Western Selection P.L.C. and Finsbury
Food Group plc. Western Selection P.L.C. has strategic investments in
Creston plc, Swallowfield plc, Northbridge Industrial Services plc and
Hartim Limited.
Related Shares:
Lon.fin&inv.grp