Lowland Investment Co PLC Edison issues review on Lowland Investment Company
July 24 2020 - 10:52AM
RNS Non-Regulatory
TIDMLWI
Lowland Investment Co PLC
24 July 2020
London, UK, 24 July 2020
Edison issues review on Lowland Investment Company (LWI)
Lowland Investment Company (LWI) invests across the UK market
capitalisation spectrum, seeking a combination of capital and
income growth. Although its smaller-cap bias and value-orientated
investment approach mean it has underperformed in recent years,
managers James Henderson and Laura Foll at Janus Henderson
Investors remain confident in the ability of well financed, well
managed companies in areas such as engineering and insurance to
recover and grow in the medium term. In the meantime, the trust has
revenue reserves with which it plans to support its long-term
record of maintaining or growing its annual dividends.
At 22 July 2020, LWI's shares traded at an 8.3% discount to
cum-income NAV. While this is appreciably lower than the 10-year
widest discount of 13.0% seen during the market sell-off in March
2020, it remains towards the wider end of the established long-term
range of 0-10%, and is also wider than the average discounts over
one, three, five and 10 years (range of 4.0% to 6.6%). The current
dividend yield of 6.3% reflects a lower share price, but dividends
look secure for FY20.
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For more information please contact Edison:
Sarah Godfrey, +44 (0)20 3681 2519
Mel Jenner, +44 (0)20 3077 5720
investmenttrusts@edisongroup.com
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