– Tailored Financial Services: The company offers a range of financial services tailored to meet the specific needs of its clients.
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Get in the Game: London Finance & Investment Group Plc
If you’re looking to enter the world of finance and investment, London Finance & Investment Group Plc is a company you should definitely have on your radar. With a rich history, a diverse portfolio, and a strong track record of success, this company has become a key player in the global financial market.
Who is London Finance & Investment Group Plc?
London Finance & Investment Group Plc (LFIG) is a leading investment company that has been operating for over 30 years. The company was founded in 1986 and has since then grown into a prestigious, London Stock Exchange listed entity.
LFIG operates across various sectors including property, financial services, and technology. The company has a strong commitment to creating value through innovation, integrity, and excellence. With an experienced management team and a strong focus on delivering shareholder value, LFIG has gained a reputation as a trusted partner for investors worldwide.
Key Investments and Financial Services
LFIG has made several key investments across different industries. The company has a diverse investment portfolio that includes real estate, technology, and financial services. With a focus on strategic long-term growth, LFIG aims to deliver strong returns for its investors.
In addition to its investment activities, LFIG also provides a range of financial services including asset management, wealth management, and corporate finance advisory services. The company’s financial services arm has established a strong reputation for delivering innovative and tailored solutions to meet the needs of its clients.
London Finance & Investment Group Plc’s Impact on the Market
Over the years, LFIG has made a significant impact on the global financial market. The company’s strategic investments and financial services have helped drive growth and innovation in various sectors. With a focus on sustainable and responsible investment practices, LFIG has not only delivered strong financial returns but has also contributed to the overall development of the industries in which it operates.
The company’s commitment to creating long-term value, coupled with its deep industry expertise, has made LFIG a preferred choice for investors seeking to capitalize on emerging market opportunities.
Why Choose London Finance & Investment Group Plc?
There are several reasons why investors should consider London Finance & Investment Group Plc for their investment needs:
– Strong Track Record: LFIG has a proven track record of delivering consistent, strong returns for its investors.
– D
London Finance & Investment Group Plc – Financial Analysis
PR Newswire
LONDON, United Kingdom, September 26
LONDON FINANCE & INVESTMENT GROUP PLC
Final Results
26 September 2024
London Finance & Investment Group PLC(“Lonfin”, “the Company” or “the Group”) has announced its audited Final Results for the year ended 30 June 2024 and the Board’s Final Dividend Declaration. This investment company mainly focuses on a General Portfolio of global blue chip equity stocks.
Objectives and Policy:
The primary goal of Lonfin is to ensure long-term growth in shareholder value while maintaining a progressive dividend policy. The investment policy includes investments in ‘Strategic’, ‘General Portfolio’, and occasionally ’Other Investments’. In addition to this, it involves significant investments in smaller UK quoted companies and a diversified exposure to international equity markets through investments in major USA, UK, and other European companies.
Financial Performance:
The net assets for the year 2024 have increased by 41.5% over the last five years to £22,343,000 as compared to £18,640,000 for the previous year (restated). Shareholders can expect total dividends for 2024 at 1.2p per share.
Results:
– Net assets per share have increased to 71.6p (2023 - 59.2p per share)
– The restructuring of Western Selection resulted in a return of capital of £6,291,000
– The total value of General Portfolio has decreased by £1,9250 from investment purchases during the year
– The decrease in group operating costs is mainly due to lower office costs
– A final dividend of 0.60p per share is recommended making a total of
Strategy Reforms:
The company’s strategic investments are undergoing significant changes with Western Selection Ltd deciding to cease operations which led Lonfin acquiring shareholdings in City Group PLC and Industrial & Commercial Holdings plc before selling off its shares.
General Portfolio:
Lonfin holds diverse interests across various industries including Food and Beverages, Natural Resources and Chemicals with great potential for market outperformance over time. The number of holdings in this portfolio was reduced from 37 holdings last year to just under half at about
Operations Restructuring:
David Marshall retired from his long-standing role as Chairman but was succeeded by Warwick Marshall as his successor having been appointed effective March
Dividends:
The Board recommends a final dividend totalling p (ZAR cents) per ordinary share subject
Shareholders also need to take note that shares may not be de-materialised or re-materialised between specific dates during dividend payment
Outlook:
There has been ongoing conflict between Russia and Ukraine which continues unresolved since early Besides geopolitical tensions around terrorism attacks by Hamas on Israel have disrupted economic stability worldwide resulting also substantial effects seen within energy markets.
Please note that shareholders registered on South African register will have tax implications when availing their dividends so they are advised direct questions any avout taxation matters info Computershare Investor Services Proprietary Limited
Overall , though there’s been an increase net assets showing an upward trajectory there is still apparent instability due unregulated geopolitical forces therefore affecting overall investment strategies . Please be cautious regarding your shares given above factors .Iran’s Support for Islamist Militias and Its Impact on Global Tensions
The support provided by Iran to various Islamist militias in Lebanon, Yemen, and its proxies such as Hamas, Hezbollah, and the Houthis has resulted in escalated global tensions. Iran has been conducting a series of mass ballistic missile, drone, and rocket attacks on Israel. This has led to significant concern about the potential for maximalist positions leading to further conflict.
In addition to these regional conflicts, China’s economic growth rate is showing signs of diminishing. Furthermore, political uncertainty is emerging in the United States due to a polarized election campaign with no clear front runner.
The impact of these global issues on equities, bonds, and other investments has been widely debated by experts worldwide.
Future Developments
The Group’s development and financial performance are reliant on its Investment Strategy as well as shareholder support. The rising costs associated with being a listed company have prompted the Board to review methods for achieving a step change in size. This is aimed at making costs more proportionate to the size of the business while also focusing on reducing general administrative expenses.
The Board continues its quest for investments that will generate growth in shareholder value. Notably, advancements in medicine and pharmacology continue to show potential for substantial outperformances. Similar opportunities are evident in technology and software stocks which are increasingly demonstrating significant global growth.
Financial Performance
Based on the Consolidated Statement of Total Comprehensive Income for 2024:
– Operating income: £5 million
– Administrative expenses: £800 thousand
– Operating profit: £3.8 million
– Profit before taxation: £4.4 million
– Net profit after taxation: £4.2 million
There were also significant unrealized changes in fair value amounts captured across different investment portfolios held by the Group.
Additionally:
– Cash flows from operating activities showed an inflow while there was also a net cash inflow from investment activity.
– Total comprehensive income attributable shareholders stands at around £4.2 million.
Consolidated Statement of Financial Position
Significant non-current assets include strategic investments valued at over 3 billion pounds along with strong positive figures reported under current assets which underscore solid liquidity position.
Consolidated Statement of Cash Flows
A notable increase was observed under cash flows from investing activities alongside an overall net increase seen under cash equivalents at year-end when compared with figures from previous years’ reports.
Overall Equity Profile
An analysis into shareholdings revealed significant balances featuring consistently strong performance indicators indicated across key categories like share premium accounts united profits & losses capital reserves attractions towards consolidated statements overall sense areas where potential improvements could be noted. Notes on Reconciliation of Basic and Headline Earnings Per Share
The basic and headline (loss)/earnings per share are determined by the profit attributable to shareholders after tax and non-controlling interests amounting to £4,234,000 (2023 – a profit of £1,776,000) based on 31,207,479 shares issued. The diluted (loss)/earnings per share is calculated based on the same profit but including 80,000 share options granted in 2016.
Net Assets Per Share
The net assets per share are computed by taking investments at fair value and dividing by the weighted average number of shares in issue during the year which was 31,207,479 (2023 – 31,207,479).
Change of Accounting Policy and Correction of Error
Previously, our company accounted for its investment in Western Selection Ltd as held at fair value through Other Comprehensive Income. However,a review has led us to reconsider this accounting treatment. The correct approach is to hold the investment at fair value through profit or loss as it is not consolidated under the IFRS 10 investment entity exemption. Consequently affected financial statements for prior periods have been restated with no impact on the Statement of Financial Position.
Statement of Total Comprehensive Income
There have been some notable changes in operating income between 2023 and its restated figures amounting to £393000.
Financial Information
This preliminary announcement does not constitute our company’s statutory accounts for the year ended June 30th ,2024 within Section 435 Companies Act 2006.The consolidated financial statements have been prepared following UK-adopted international accounting standards (‘UK-adopted IAS’) in accordance with Companies Act
2006.
Copies Available
Copies are available at our registered office located at Central Court,Suite1.01,
25 Southampton Buildings,London WC2A
1AL(tel:02037098740) for a period
of14days from this announcement date .
