Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Investment company LMS Capital reported a fall in quarterly net asset value in Q1 as a weaker dollar weighed on performance.
Net asset value at 31 March 2021 was £47.5 million, down from £47.9 million seen at 31 December 2020.
'The £0.4 million decrease in NAV during the first quarter arises from £0.3 million of unrealised gains on the investment portfolio, offset by £0.2 million of portfolio foreign exchange losses from the weakening of the U.S. Dollar against the sterling and £0.5 million of running costs and investment costs,' the company said.
At 10:03am: (LON:LMS) LMS Capital PLC share price was 0p at 29.9p