What’s new: Our estimate of LSL’s sum of the parts “SOTP” (Exhibit 1) is 726p, which has continued to rise and the discount LSL share price has widened to 43%:  1 Jan 2021 LSL at 280p was a 24% discount to our SOTP of 539p  30 April 2021 LSL at 305p was a 31% discount to our SOTP of 589p LSL and its reference stocks (Mortgage Advice Bureau, Fintel Group and The Franchise Property Group) have all traded well and their share prices outperformed the FT All Share over the past 30 days, 90 days ....