Objective Capital updates on London Capital: valuation and forecasts increased (LCG.L

Objective Capital has issued an update dated June 19, 2008 on London Capital Goup plc (AIM: LCG.L) stating “LCG delivered another year of stellar growth in 2007”

London Capital Group was established in the mid-90s as a proprietary trading business. Today, its core activity is the provision of financial spread-betting products to retail clients under the name of Capital Spreads, which started trading in October 2003. Betting has rapidly overtaken the legacy business of derivatives and currently accounts for 60% - 70% of revenues.

According to the Objective Capital comment:

“LCG delivered another year of stellar growth in 2007 and demonstrated confidence in its future by paying a significantly higher dividend.

In the second half it signed two high profile white label spread betting partners who have already started to contribute significant new client additions, suggesting further strong growth in 2008.

LCG is enjoying strong growth with a relatively low risk business model and a high level of cash conversion.”

A free copy of the full report can be found at:


Previous research can be found at:


For more information contact:

Andy Hartwill

Head of Research

+44-20-7073 2800




About Objective Capital:

Objective Capital is a corporate research company that provides continuous independent research coverage for listed, and pre-listed companies. Objective Capital is retained by companies to ensure that their current shareholders, and the wider investment community, are provided with an objective view of their company’s progress. Objective Capital research is available free on their website at:


Please note that statements in announcements, such as the announcement used to derive this summary, which are not historical facts, are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.

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