Lloyd Fonds

DB: L1OA

€55.8m market cap

€5.54 last close

Lloyd Fonds is an investment and asset manager in a range of alternative real assets including ships, real estate, aircraft, energy, and private equity. Over more than 20 years it has arranged more than 100 investments with a cumulative total volume of c €5bn and a current volume of c €1.4bn.

Investment summary

Change is gathering pace at Lloyd Fonds. In line with its goal to become a leading asset manager in Germany over the medium term, it plans to launch its new business model, focused on open-end retail funds, in Q219. Growth may also be by acquisition (finances are robust) with assets under management targeted to exceed €5bn within five years (€1bn+ in 2019). Management is being further strengthened and strategic divestments are under review. Given likely c €2.5m one-off restructuring costs, current year guidance is newly lowered to a net loss of €1.5m. Continued weakness in H118 results only confirms the need to reposition.

Share price graph
Price performance
%
1m
3m
12m
Actual 7.0 13.8 48.1
Relative* 2.8 2.2 53.4
52-week high/low €5.7/€3.7
*% relative to local index
Key management
Hendrik Duncker Corporate Communications