Log In

Reset Password

LOM in share buy-back

Financial services company LOM is to buy back up to 200,000 of its own shares for cancellation.

LOM Financial Ltd's board has authorised the buy-back scheme, which represents around 3.3 per cent of the overall listed securities of the company.

The firm said the move was approved “due to a disparity between the current share price and the current book value of shares.”

Last year, LOM repurchased a total of 42,500 shares at an average price of $2.21 a share.

LOM provides international investment services and products from its offices in Bermuda, the Bahamas and the UK.

You must be Registered or to post comment or to vote.

Published August 06, 2015 at 9:00 am (Updated August 05, 2015 at 8:54 pm)

LOM in share buy-back

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon