News and Press Releases
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LOM Securities (Bahamas) Ltd. on Hurricane Ike Watch - 09-05-2008
The Government of The Bahamas has issued a Hurricane Watch for the Southeastern Bahamas; this area currently does not include the city of Nassau on the Island of New Providence, where our offices are located. Hurricane Ike remains a dangerous storm and potential intensification may affect our operations on Monday.
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Standard & Poor's has affirmed the AAAm rating on the LOM Money Market Fund Class A - 09-04-2008
Standard & Poor's has affirmed the AAAm rating on the LOM Money Market Fund Class A, a class of LOM Asset Management’s flagship Money Market Fund. The class has been rated AAAm by Standard and Poor's since March, 2001.
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Jeremy Dyck of LOM Securities (Bahamas) Limited has been elected as Programming & Public Relations Chair of the CFA Society of the Bahamas - 09-02-2008
As a member of the CFASB Board of Directors, his duties will include the scheduling of monthly luncheon speakers, the arrangement and promotion of society events, and the participation in CFA Institute regional leadership meetings and annual conferences held throughout the year and around the world.
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LOM Securities (Cayman) Ltd. on Hurricane Gustav Watch - 08-28-2008
The Cayman authorities have issued a Hurricane Watch for Grand Cayman. LOM will continue to monitor the situation as it progresses but at this point does not anticipate disruption to our Cayman operation.
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LOM Announces Appointment of New Director - 08-26-2008
LOM (Holdings) Limited (BSX: LOM BH) announced that Mr. Danesh Varma was appointed a director of LOM at the Board of Directors Meeting held on 18th July 2008.
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LOM 2008 Half Year Financial Results - 07-24-2008
It is no news to anyone that the global financial markets have suffered an extremely difficult first half of the year. The United States’ habit of loose lending policies over the past six years came home to roost with a vengeance roiling the world’s financial markets and creating the worst credit crunch in a generation. This credit contraction exterminated Bear Stearns, America’s fifth largest securities broker.
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A Day On Cooper's Island: LOM - Waterstart Marine Science Scholarship Update - 07-24-2008
Eleven hard working Bermudian students were recently awarded LOM - Waterstart Marine Science Scholarships in recognition of their excellence in the classroom. Inside, you will find photos, stories and footage of this special program.
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Donald Lines Awarded US$3.3 Million; Court Finds SEC Process Server Committed Fraud - 06-11-2008
LOM (Holdings) Limited (LOM) announced that the Superior Court of Massachusetts has ruled in favor of LOM’s chairman, Donald P. Lines, in his suit against Stokes & Levin, Inc. (Stokes), a Massachusetts process serving company, awarding Mr. Lines damages in excess of US$3 million. The Court found that Mr. Lines was never served administrative subpoenas issued by the U.S. Securities and Exchange Commission (“SEC”) in November 2005, contrary to repeated claims by Stokes and the SEC in court documents and in the media.
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LOM (Holdings) Limited selects Bloomberg Portfolio Order Management (POMS) to automate its front office investment practices - 05-28-2008
Lines Overseas Management Limited, a subsidiary of LOM (Holdings) Limited (www.lom.com), today announced that it has selected the Bloomberg Portfolio Order Management System (“POMS”) to automate and streamline its front office investment practices across the firm’s multiple business units, including its asset management and brokerage operations.
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Lines Overseas Management (LOM) Group of Companies has announced a number of new appointments - 05-21-2008
LOM announced a number of new appointments, including four Bermudians, to its staff base - David Barker, Kenny Foggo, Arantxa Mayers and Malik Showers.
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The LOM Group requires a Junior Portfolio Manager - 05-20-2008
The LOM Group of companies and LOM Asset Management Limited are seeking a Junior Portfolio Manager to assist with expansion in our international financial services firm. The primary role of this exciting new position will be to work closely with our General Manager in Bermuda to execute investment mandates (both fixed income and equity) for high net worth individuals, trust accounts and small to midsize corporations.
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Eleven teens sign up for LOM sponsored BIOS internships - 05-19-2008
BIOS is offering students the opportunity to work alongside its scientists through Marine Science Internships. The Waterstart Programme is open to 12- to 13-year-olds, and scholarships are being sponsored at each of the Island's middle schools by Lines Overseas Management (LOM)
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LOM Reports Increased Profits for 2007 - 04-17-2008
LOM (Holdings) Limited (BSX: LOM) today reported that net earnings for the year ended December 31, 2007 rose nearly 50% as compared to year end 2006, to $2.5 million or $0.38 per diluted share. Diluted earnings per share were $0.38 and $0.26 for the year 2007 and 2006, respectively. Total revenue was up 29% to $16.5 million while expansion caused operating costs to rise by 26%, to $14 million.
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LOM Launches Newly Redesigned Offshore Financial Services Website – LOM.com - 04-11-2008
The LOM Group, a Bermuda-based offshore financial services company with subsidiary offices in the Bahamas, Cayman Islands, and London, has launched its newly redesigned corporate website. LOM.com, designed with appealing imagery and highly intuitive navigation features for a more user-friendly experience, covers a wide array of topics related to LOM’s growing offshore financial services business. One of the more notable additions is the inclusion of an online version of the popular LOM Blue Book, which provides independent research on Bermuda Stock Exchange listed companies.
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LOM Announces David Barker Appointed to the Investment Policy Committee - LOM Holdings - 03-11-2008
Lines Overseas Management Limited, a subsidiary of LOM (Holdings) Limited (BSX: LOM BH), announced today the appointment of David Barker to the firm’s Investment Policy Committee (IPC). Mr. Barker joined LOM in February with more than 20 years of experience in the international financial industry.
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LOM Securities (Bahamas) Limited has opened a new office in downtown Nassau - 02-25-2008
Nassau, Bahamas, February 25th, 2008 - LOM Securities (Bahamas) Limited has opened an office in downtown Nassau. LOM has maintained offices in Bahamas since 2001 and the new office, situated in the Centre of Commerce building, serves as an ideal location to meet the demands of the international financial community.
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LOM Announces Another Share Buy Back - 02-12-2008
Hamilton, Bermuda, February. 12, 2008 LOM (Holdings) Limited (LOM) today announced that on January 28, 2008 it purchased 5,000 of its own shares for cancellation at an average price of $4.00 per share.
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LOM Holdings Announces Share Buy Back - 01-22-2008
Hamilton, Bermuda, January 22, 2008 LOM (Holdings) Limited today announced that on January 21, 2008 it purchased 40,000 of its own shares for cancellation at an average price of $3.85 per share
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LOM donates computers to the Ranfurly Home for Children - 01-11-2008
Nassau, Bahamas, January 11, 2008 - Craig Lines, LOM Securities (Bahamas) Limited General Manager, stated "LOM’s charities have a mandate to help children in the jurisdictions LOM operates."
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JAL BH Announces Cross of 913,888 Shares on the BSX - 12-21-2007
Hamilton, Bermuda: December 21, 2007 - Jupiter Adria Limited (JAL BH) has announced that 913,888 shares were crossed at a price of Euro 1.80. Lines Overseas Management Limited executed the agency transaction on behalf of unrelated parties.
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LOM Holdings Announces Intent to Contest SEC Charges Arising From 2003 Transactions - 12-20-2007
Hamilton, Bermuda, December 20, 2007 - LOM (Holdings) Limited (Bermuda Stock Exchange: LOM BH) announced today that it intends to vigorously contest charges filed by the United States Securities and Exchange Commission (SEC) against LOM, several of its subsidiaries, and its President, Scott Lines (collectively, LOM).
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LOM Holdings Limited Pays 40% Increased Semi-Annual Dividend - 12-17-2007
Hamilton, Bermuda, December 17, 2007 - LOM (Holdings) Limited (BSX: LOM BH) announced that it paid its semi-annual dividend on December 1, 2007 to shareholders of record as of November 15, 2007. The Board of Directors approved a 40% increase in the semi-annual dividend from $0.05 per share to $0.07 per share on September 27, 2007.
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LOM raises $2000 at the RE/MAX Chamber Golf Classic - 11-27-2007
Grand Cayman, Cayman Islands, November 27, 2007 - LOM, one of the major sponsors of the annual RE/MAX Chamber of Commerce Golf Classic, went above and beyond in showing their support. In keeping with the annual traditions of the golf tournament, sponsors are encouraged to have additional activities or challenges at their hole or tee. LOM’s strategy proved to be the most fun hole at the tournament this year, winning them the award and bragging rights.
