Our opinion on the current state of LNF

London Finance and Investment Group (LNF) is a British company involved in management and finance in the UK, America, and Europe. It is listed on the London Stock Exchange (LSE) and the Fledgling division of the JSE. In 2021, the company held 43,8% of Western Selection Plc (Western), 4,6% of Finsbury Food and 11,69% of Northbridge 4,6%. Western has investments in companies that sell specialist industrial equipment and also cosmetics and toiletries. It also owns 12% of a company called Bilby which is involved in maintenance and general building. The Finsbury Food Group is a manufacturer and supplier of cakes, bread and "morning goods" which it supplies to supermarket chains. LNF also has a general portfolio which includes interests in tobacco, chemicals, food, beverages, and natural resources. In its results for the year to 30th June 2023 the company reported headline earnings of 4,4 pence compared with a loss of 1,4 pence in the previous period. The company said, "The value of the General Portfolio has increased, including investment purchases and sales, over the year, by 10.2% from £14,055,000 to £15,496,000". This share is virtually untraded on the JSE and thus not practical for the private investor.