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Lonfin Updates Timetable for Capital Reduction and Market Exit

Story Highlights
  • Lonfin updates its capital reduction timetable due to document processing delays.
  • The company plans to withdraw from the London Stock Exchange and terminate its JSE listing by 20 May 2025.
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Lonfin Updates Timetable for Capital Reduction and Market Exit

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London Finance & Investment ( (GB:LFI) ) has issued an update.

London Finance & Investment Group PLC has announced an updated timetable for its capital reduction process, which includes the withdrawal of its admission to trading on the London Stock Exchange and the termination of its listing on the Johannesburg Stock Exchange. The changes, driven by delays in document processing at Companies House, will affect trading dates and shareholder distributions, with the final termination of the JSE listing expected by 20 May 2025. These adjustments are significant for stakeholders as they mark a strategic shift in the company’s market presence and compliance with listing requirements.

Spark’s Take on GB:LFI Stock

According to Spark, TipRanks’ AI Analyst, GB:LFI is a Neutral.

London Finance & Investment’s overall score reflects strong financial health and attractive valuation but is significantly weighed down by technical indicators suggesting overbought conditions and the negative impact of corporate events. The planned capital return and delisting signal a cessation of growth, which tempers its investment appeal.

To see Spark’s full report on GB:LFI stock, click here.

More about London Finance & Investment

London Finance & Investment Group PLC (Lonfin) operates within the financial sector, focusing on investment and capital management services. The company is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, with a market focus on providing financial solutions and investment opportunities.

Average Trading Volume: 12,940

Technical Sentiment Signal: Sell

Current Market Cap: £21.85M

Find detailed analytics on LFI stock on TipRanks’ Stock Analysis page.

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