Investment Trusts

ICG-Longbow Senior Secured UK Property Debt Investments

LBOW:LSE

ICG-Longbow Senior Secured UK Property Debt Investments

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  • Price (GBX)47.70
  • Today's Change0.20 / 0.42%
  • Shares traded77.00
  • 1 Year change-17.39%
  • Beta0.7186
Data delayed at least 20 minutes, as of Feb 07 2023 16:29 GMT.
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About the company

ICG-Longbow Senior Secured UK Property Debt Investments Limited is a Guernsey-based closed-ended investment company. The Company's investment objective is to conduct an orderly realization of the Company's assets. It is engaged in the provision of a diversified portfolio of the United Kingdom commercial property-backed senior debt investments. The Company has invested in a portfolio of United Kingdom real estate debt investments, predominantly comprising loans secured by first-ranking fixed charges against commercial property investments. Its investment portfolio comprises over five loans. Its senior loan investment strategy is implemented through its investment advisor, the real estate debt division of Intermediate Capital Group plc. The Company invests in various sectors, including residential, mixed use, hotels, and office. The Company's investment manager is ICG Alternative Investment Limited.

  • Revenue in GBP (TTM)8.45m
  • Net income in GBP6.55m
  • Incorporated2012
  • Employees0.00
  • Location
    ICG-Longbow Senior Secured UK Property Debt InvestmentsFloor 2, Trafalgar Court, Les BanquesSAINT PETER PORT GY1 4LYGuernseyGGY
  • Phone+44 1 481716000
  • Fax+44 1 481730617
  • Websitehttps://www.lbow.co.uk/
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Profile

Management group(s)ICG Alternative Investment Limited
AIC sectorProperty - Debt
ISINGG00B8C23S81
Launch date05 Feb 2013
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Company investment objective is to conduct an orderly realisation of the assets of the Group. The assets of the Group will be realised in an orderly manner, returning cash to Shareholders at such times and in such manner as the Board may, in its absolute discretion, determine. The Board will endeavour to realise all the Group investments in a manner that achieves a balance between maximising the net value received from those investments and making timely returns to Shareholders.

Managed by

Martin Wheeler, Kevin Cooper, Graham Emmett, Phillip Archer

Management & contract fees

Management fee is of 1% p.a. of NAV paid quarterly in arrears. Contract is terminable on12 months notice.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Gabelli Merger Plus+ Trust PLC893.39k-861.01k53.67m0.00--0.9531--60.07-0.1013-0.10130.10519.440.0101--0.7067---0.9768---1.01--21.75---96.38------0.0041--229.05---109.55------
River & Mercantile UK Micro Cp Iv Co Ltd-53.16m-53.45m53.90m0.00--0.9319-----1.58-1.58-1.571.71-0.6226-------62.602.06-63.202.09--57.07--47.54----0.000.00-198.06---205.46------
abrdn Smaller Companies Income Trust PLC-20.53m-21.84m54.39m0.00--0.8037-----0.9878-0.9878-0.92843.06-0.2354-------25.0511.72-26.6012.20--92.80--89.48----0.093718.171,046.7134.89723.6538.85--5.26
Forward Partners Group PLC-15.68m-22.38m54.52m19.00--0.475-----0.1663-0.1663-0.11650.8527----------------------------0.0082--440.47--517.35------
Maven Income and Growth VCT PLC891.00k-920.00k55.13m0.00--0.9593--61.87-0.0068-0.00680.00660.42740.0149--1.45---1.533.38-1.543.38-34.1268.93-103.2552.76----0.00287.23121.498.51230.747.78---17.81
Marwyn Value Investors Ltd-1.59m-1.59m56.07m----0.5555-----0.0316-0.0316-0.02791.73-0.0152-------1.52-2.23-1.52-2.24------------0.0013--1,692.43--1,692.11----7.91
Thames Ventures VCT 2 PLC747.00k-875.00k56.85m----0.0543--76.10-0.009-0.0090.00790.59860.013--0.704---1.53-3.41-1.55-3.45-21.82---117.14------0.00--55.2914.6956.8419.31----
Maven Income and Growth VCT 3 PLC2.58m616.00k56.99m0.0051.460.9514--22.120.01060.01060.03040.57280.048--5.70--1.153.581.163.5939.3258.6023.9147.75----0.00319.38437.6722.332,365.5726.71---10.78
ICG Longbow Snr Sec UK Prop Dt Inv Ltd8.45m6.55m57.86m0.008.830.7183--6.840.0540.0540.06970.66410.0837--7.86--6.485.446.565.5585.9784.3277.4673.24----0.00119.05-4.38-5.05-1.01-6.77----
Maven Income and Growth VCT 5 PLC4.18m2.15m58.21m0.0027.070.8688--13.940.01220.01220.02370.37980.0617--10.48--3.187.473.197.5562.8578.0051.5470.17----0.0086.09422.0356.141,185.37124.46---4.55
Baker Steel Resources Trust Ltd-18.58m-20.65m58.55m0.00--0.6842-----0.1939-0.1939-0.17450.8039-0.1933-------21.4813.72-21.5313.76--89.93--87.07----0.000.00-86.77-27.78-94.73-39.99----
Miton UK Microcap Trust PLC-12.30m-15.10m60.66m0.00--0.704-----0.1376-0.1376-0.11220.9105-0.1133-------13.905.63-13.975.65--88.01--78.10---10.540.004.40-119.67---125.07-----16.06
Geiger Counter Ltd2.86m811.00k61.10m0.0017.560.9518--21.340.02560.02560.02380.47280.0448------1.2716.831.4419.7166.2292.8128.3383.29--6.100.13350.00-90.22---97.12------
Barings Emerging Emea Opportunities PLC-30.77m-32.73m61.60m0.00--0.8227-----2.72-2.72-2.566.32-0.3285-------34.95-2.54-35.14-2.67------------0.00---194.32---207.71-----11.88
Dozens Savings PLC0.00-202.06k62.34m3.00--3,169.22-----0.4234-0.42340.000.03310.00----0.00-10.76---847.39-------------1.950.9905-------10.48------
Foresight Solar & Technology VCT PLC18.64m17.35m63.01m274.002.440.655--3.380.50160.50160.53881.870.3458--38.3968,021.9032.19--32.42--95.36--93.10------0.00--8,730.54--1,726.08------
Data as of Feb 07 2023. Currency figures normalised to ICG-Longbow Senior Secured UK Property Debt Investments's reporting currency: UK Pound GBX

Institutional shareholders

37.72%Per cent of shares held by top holders
HolderShares% Held
Almitas Capital LLCas of 13 Jan 202312.47m10.28%
Premier Fund Managers Ltd.as of 30 Sep 202210.50m8.66%
Close Asset Management Ltd.as of 30 Sep 202210.45m8.61%
Brewin Dolphin Ltd.as of 03 May 20226.06m5.00%
CG Asset Management Ltd.as of 31 Jan 20234.88m4.03%
Polar Capital LLPas of 30 Dec 2022574.99k0.47%
Diamond Capital Management (Switzerland) Ltd.as of 30 Jun 2021475.79k0.39%
Aberdeen Asset Managers Ltd.as of 31 May 2022153.91k0.13%
BlackRock Investment Management (UK) Ltd.as of 30 Jun 2022129.83k0.11%
UBS Asset Management (UK) Ltd.as of 31 Jan 202250.26k0.04%
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Data from 30 Jun 2021 - 31 Jan 2023Source: FactSet Research Systems Inc.
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