Lowland Investment Co PLC Edison issues review on Lowland Investment Company
25 October 2017 - 9:03PM
RNS Non-Regulatory
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Lowland Investment Co PLC
25 October 2017
London, UK, 25 October 2017
Edison issues review on Lowland Investment Company (LWI)
Lowland Investment Company (LWI) invests across the UK stock
market with the aim of providing attractive capital and income
returns for its investors. Managed by James Henderson and Laura
Foll at Janus Henderson Investors, LWI's portfolio is diversified
over more than 100 stocks, allowing the managers to back
undervalued and recovery situations over the long term by starting
with small positions to limit downside risk. An example of such a
stock is insurance company Hiscox, bought in the aftermath of the
collapse of the Lloyd's insurance syndicates, since when its market
capitalisation has increased from GBP40m to c GBP4bn. Holdings such
as this have helped LWI to outperform its FTSE All-Share Index
benchmark (in NAV total return terms) over one, three, five and 10
years, and since James Henderson began managing the portfolio in
1990.
At 23 October 2017, LWI's shares traded at a 7.6% discount to
cum-income NAV (with debt at market value). While this is wider
than the averages over one, three, five and 10 years (a range of
2.2% to 5.9%), it has stabilised markedly in the past six months
after a period of higher volatility, without the need for any
discount management by the board. Based on the last four dividends,
LWI currently has a dividend yield of 3.2%.
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For more information please contact Edison:
Sarah Godfrey, +44 (0)20 3681 2519
Gavin Wood, +44 (0)20 3681 2503
investmenttrusts@edisongroup.com
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