Leni Gas Cuba

First mover advantage in the Cuban investment revolution. Opportunity now at a small premium to NAV.

Leni Gas Cuba (LGC) was founded in March 2015 as the first specialist investment company in the world to focus on the country of Cuba. It listed on the ISDX Growth Market in November having raised a total of £4.725 million in order to implement its investment strategy. So far, investments have been made in five Cuba based companies, giving LGC a head start in one of the world’s most prospective national economies.

  • Cuba - Ripe for investment

    Cuba remains a communist country with a largely centrally planned economy. But the government has an increased desire to attract foreign investment to the country and has passed laws to this effect. This provides excellent opportunities for LGC to grow a large and profitable portfolio.

  • First mover advantage

    LGC’s first investments are in the tourism, trading and oil & gas sectors. We see the potential for each business in the non-oil & gas sectors to be multi-million dollar revenue company makers, with the oil and gas assets providing speculative “bonanza” upside. Crucially, the investments provide key relationships with Cuban government departments – an overlooked and difficult to achieve pre-requisite to doing business in the country.

  • Early stage investment opportunity for long term gains

    Given the early stage nature of the business, and the speed at which deals are being done, we are not introducing forecasts at this stage but will do so in due course. In addition, Leni Gas Cuba is a highly speculative investment – please refer to the risks section on page 13 of the full report. However, we see significant upside from current levels given the deals already done and further ones in the pipeline and in particular with the stock trading close to NAV. 


    Leni Gas Cuba is a research client of Align Research. Align Research owns shares in Leni Gas Cuba. A Director of Align Research holds a personal interest in Leni Gas Cuba.  This investment may not be suitable for your personal circumstances. If you are in any doubt as to its suitability you should seek professional advice. This note does not constitute advice and your capital is at risk. This is a marketing communication and cannot be considered as independent research. For the full risk warning please refer to the final page of the document.

Table: financial overview
Year to end Sept 2015A(1) 2016E 2017E 2018E
Revenues (£m) 0 N/A N/A N/A
PBT (£m) (0.05) N/A N/A N/A
EPS (p) (0.03) N/A N/A N/A
(1)Source: Company audited accounts