Interim Management Statement
May 18 2012 - 6:30AM
UK Regulatory
TIDMLFI
Date: 18th May 2012
On behalf of: London Finance & Investment Group P.L.C ("Lonfin" or
"Company")
London Finance & Investment Group P.L.C.
Interim Management Statement
Lonfin today reports on its performance to date.
Since the 31st December 2011, our net assets per share, including investments
at market value, increased by 3.8% from 32.7p to 33.93p at 30th April 2012. The
Company's General Portfolio of equities increased in value by 6.4% compared to
an increase in the Eurofirst 300 index of 5.0%. The value of our Strategic
Investments: Western Selection P.L.C., Finsbury Food Group plc and MWB Group
Holdings Plc increased marginally in the period with a 10.5% rise in the value
of our holding in Western Selection P.L.C. offset by falls in the other two
holdings.
Following the disposal of the London investment property earlier this year, we
have recently started to invest the sale proceeds in blue chip stocks held in
our General Portfolio. This will be a gradual process as the aim is to buy the
shares at what the Board considers to be good value.
The Board remains cautious about the remainder of the Company's financial year
given the continuing uncertainty in the Euro-zone.
Enquiries to:
London Finance & Investment GroupP.L.C.
Edward Beale 020 7448 8950
Notes to Editors:
? Lonfin is an investment company whose assets primarily consist of three
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., MWB Group
Holdings Plc 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.
I:MS OFFICE FILESWORDLFGlfg17687.doc
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