Date: 22 May 2013
On behalf of: London Finance & Investment Group P.L.C
London Finance & Investment Group P.L.C.
Interim Management Statement
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 to 42.8p 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 General Portfolio 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 in the period with the
value of Western Selection P.L.C. rising by 10% and Finsbury Food
Group Plc (to which we added a further 42,000 shares) rising by 37%
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 8950
Notes 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.