Investment Trusts

Law Debenture Corporation

LWDB:LSE

Law Debenture Corporation

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  • Price (GBX)760.00
  • Today's Change10.00 / 1.33%
  • Shares traded166.91k
  • 1 Year change+55.90%
  • Beta1.1262
Data delayed at least 20 minutes, as of May 07 2021 16:45 BST.
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About the company

The Law Debenture Corporation p.l.c. is a United Kingdom-based investment trust. The Company is a provider of independent fiduciary services. The Company's objective is to achieve long term capital growth in real terms and steadily increasing income. It operates through two segments: the investment trust and independent fiduciary services. The Company's activities are corporate trusts, pension trusts, corporate services (including agent for service of process), whistle blowing services and governance services. The Company offers a range of activities in the financial and professional services sectors. It invests in various sectors, including oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services, telecommunications, utilities, financials and technology. It invests in various regions, including the United Kingdom, North America, Europe, Japan, Other Pacific and Other. Its portfolio of investments is managed by Henderson Global Investors Limited.

  • Revenue in GBP (TTM)40.79m
  • Net income in GBP2.95m
  • Incorporated1889
  • Employees152.00
  • Location
    Law Debenture Corporation8th Floor, 100 BishopsgateLONDON EC2N 4AGUnited KingdomGBR
  • Phone+44 207 606 5451
  • Fax+44 207 606 0643
  • Websitehttps://www.lawdebenture.com/
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Profile

Management group(s)--
AIC sectorUK Equity Income
ISINGB0031429219
Launch date12 Dec 1889
Share typeOrdinary Share
Structure--
Base currencyGBP

Objective

To achieve long term capital growth through investing in a diverse portfolio of investments spread both geographically and by sector.The group deploy the following financial instruments: 1,Quoted equities, unlisted equities and fixed interest securities. 2,Cash and short term investments and deposits. 3,Debentures, term loans and bank overdrafts to allow the group to raise finance. 4,Derivative transactions to manage any of the risks arising from the use of the above instruments. 5,Derivative transactions to hedge the net investment in overseas subsidiaries.

Managed by

Laura Foll, James Henderson

Management & contract fees

Management fee is 0.30% p.a. of the NAV of investment trust. No performance fees are paid to the investment manager. The contract is terminable on 6 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)
JPMorgan European Smaller Cos Trust PLC111.91m104.80m796.52m0.007.601.05--7.120.65720.65720.70184.780.146--34.70--13.673.9913.884.1693.9280.9393.6576.19----0.096834.68-136.32---112.13----15.93
Blackrock Throgmorton Trust PLC58.69m50.80m819.78m0.0021.511.29--13.970.410.410.67066.810.1072--12.39--9.2812.479.5312.7487.7789.6686.5588.71----0.003714.34-40.49-0.6352-44.42-1.33--8.77
The Scottish American Investment Co PLC96.43m85.15m832.81m0.009.061.09--8.640.54210.54210.6284.500.1284--47.83--11.3411.5411.3911.6190.9789.4588.2986.77----0.099923.70-18.7228.96-20.8337.22--2.32
GCP Infrastructure Investments Limited16.00m-726.00k874.53m0.00--0.9549--54.67-0.0008-0.00080.01821.040.0145--118.93---0.06594.85-0.07054.9447.3686.83-4.5477.90--0.84390.1308131.22-78.66-22.25-101.23----0.00
Fidelity Special Values PLC57.29m50.96m885.95m0.0016.991.20--15.470.17220.17220.1972.440.0803--14.39--7.141.507.271.5390.9464.9288.9655.36----0.00146.54-342.71---269.89----11.60
Law Debenture Corporation plc40.79m2.95m920.19m152.00307.441.24217.7522.560.02470.02470.34526.140.0453--3.49268,348.700.3287.200.3387.3789.2094.227.2363.84--1.780.141541.65-75.546.70-97.7331.9157.9811.16
Baillie Gifford US Growth Trust PLC385.44m381.23m943.52m0.002.141.10--2.451.441.441.472.800.66--82.34--65.28--66.87--99.15--98.91----981.220.023--168.68--177.20------
BlackRock Smaller Companies Trust plc-343.00k-8.39m945.34m0.00--1.35-----0.1588-0.1588-0.007114.36-0.0005-------1.0910.40-1.1010.49--91.31--90.49----0.090317.53483.97--374.20----17.52
Henderson Smaller Companies Inv Trst PLC23.03m22.05m947.22m0.0042.961.25--41.120.29520.29520.308310.170.0276--24.06--2.644.052.804.2998.2385.0595.7383.37----0.094150.49-15.68---13.91----11.72
Biopharma Credit PLC78.72m63.79m953.66m0.0014.950.9665--12.110.06490.06490.08011.000.0781--13.86--6.33--6.40--83.04--81.03------0.00---27.10---27.13------
Bmo Global Smaller Companies PLC-35.92m-42.34m954.27m0.00--1.23-----0.067-0.067-0.05971.34-0.041-------4.844.59-4.904.72--86.88--83.53----0.042423.16-372.49---462.10----11.99
BB Healthcare Trust PLC167.23m157.96m991.90m0.005.391.09--5.930.34850.34850.36781.720.2179--409.88--20.58--21.58--95.99--94.46----169.200.00--226.53--269.15------
Baillie Gifford Japan Trust PLC267.60m257.84m1.01bn0.003.841.07--3.772.812.812.9110.080.2851--130.63--27.479.5128.379.8897.1792.1296.3589.85----0.13292.34285.661.55220.27-0.4298----
Apax Global Alpha Ltd147.21m141.01m1.02bn0.007.210.9717--6.900.28710.28710.29982.130.1439--93.69--13.7810.3414.0810.43----95.7988.70--93.570.0047.81-25.56---23.21------
JPMorgan Japanese Investment Trust PLC279.31m271.20m1.02bn0.003.780.9511--3.651.691.691.736.710.2578--93.31--25.0315.1925.2315.3397.7496.0697.1094.80----0.13295.861,553.4533.991,111.6535.38--12.74
AVI Global Trust PLC10.49m-1.97m1.04bn0.00421.101.19--99.480.02370.02370.09698.370.0102--1.38---0.19239.34-0.19989.4813.9790.10-18.7887.78---0.14810.114618.15-74.13---108.11----7.12
Data as of May 07 2021. Currency figures normalised to Law Debenture Corporation's reporting currency: UK Pound GBX

Institutional shareholders

25.55%Per cent of shares held by top holders
HolderShares% Held
Hargreaves Lansdown Stockbrokers Ltd.as of 03 May 20217.53m6.23%
Rathbone Investment Management Ltd.as of 03 May 20214.38m3.62%
Investec Wealth & Investment Ltd.as of 03 May 20213.58m2.96%
Smith & Williamson Investment Management LLPas of 03 May 20212.98m2.46%
Hargreaves Lansdown Asset Management Ltd.as of 03 May 20212.78m2.30%
Killik & Co. LLPas of 03 May 20212.76m2.28%
Coutts & Co.as of 03 May 20212.07m1.71%
BMO Asset Managers Ltd.as of 03 May 20211.85m1.53%
Walker Crips Investment Management Ltd.as of 03 May 20211.54m1.28%
J. M. Finn & Co. Ltd.as of 03 May 20211.45m1.20%
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Data from 31 Dec 2020 - 03 May 2021Source: FactSet Research Systems Inc.
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