Investment Trusts

Law Debenture Corporation

LWDB:LSE

Law Debenture Corporation

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  • Price (GBX)610.00
  • Today's Change-6.00 / -0.97%
  • Shares traded25.86k
  • 1 Year change-0.97%
  • Beta1.1001
Data delayed at least 20 minutes, as of Nov 26 2020 10:14 GMT.
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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)-53.95m
  • Net income in GBP-91.58m
  • Incorporated1889
  • Employees133.00
  • Location
    Law Debenture Corporation5th Fl, 100 Wood StreetLONDON EC2V 7EXUnited 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)
JLEN Environmental Assets Group Ltd-4.19m-10.68m639.66m0.00--1.20-----0.0207-0.0207-0.00840.9749-0.0079-------2.025.24-2.035.26--82.59--79.45----0.00127.71-107.07---120.02----2.11
Temple Bar Investment Trust PLC-246.90m-257.67m645.99m0.00--1.10-----3.85-3.85-3.698.76-0.2913-------30.406.95-30.456.99--87.82--85.56----0.16343.87342.69254.77308.29----5.74
Alternative Credit Investments PLC94.77m34.82m646.51m0.0018.800.9116--6.820.46810.46811.279.650.0873--5.36--3.212.583.262.6292.3393.6536.7531.28--4.600.2961124.89-20.4874.0513.3350.83--21.01
Schroder Oriental Income Fund Limited1.75m-6.84m656.58m0.00--1.02--374.33-0.0267-0.02670.00652.390.0025--0.4505---0.97858.11-1.058.78-201.0888.16-389.7983.44----0.061846.07-94.61---128.91----5.18
Fidelity Special Values PLC-126.38m-133.69m670.79m0.00--1.16-----0.4658-0.4658-0.44222.00-0.1939-------20.521.50-20.921.53--64.92--55.36----0.00146.54-342.71---269.89----11.60
Princess Private Equity Holding Limited74.10m38.96m704.85m0.0018.090.9553--9.510.63280.63281.2011.990.0978--42.53--5.1412.445.3613.03----52.5775.32--5.940.0041.11127.6714.11208.2116.80--1.44
JPMorgan European Smaller Cos Trust PLC-100.88m-109.87m717.58m0.00--1.39-----0.689-0.689-0.63263.24-0.1558-------16.963.99-17.364.16--80.93--76.19----0.176234.68-136.32---112.13----15.93
BlackRock Smaller Companies Trust plc-343.00k-8.39m720.73m0.00--1.03-----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
The Scottish American Investment Co PLC44.92m33.80m724.94m0.0019.701.12--16.140.23050.23050.30434.060.0658--18.19--4.9510.384.9810.4480.8387.5075.2684.50----0.115527.811,938.6536.65736.0347.72--2.49
Law Debenture Corporation plc-53.95m-91.58m726.04m133.00--1.19-----0.7752-0.7752-0.45655.14-0.0666-----405,609.00-11.317.54-11.587.74--94.02--64.92---16.080.164837.48713.2425.19317.3239.56-2.5210.62
Baillie Gifford Shin Nippon PLC3.05m-2.15m743.08m0.00--1.39--243.71-0.0238-0.02380.01171.820.0054--2.66---0.381511.72-0.39611.91-33.6893.45-70.6191.49----0.02880.00240.7323.78206.7524.03----
Baillie Gifford US Growth Trust PLC141.34m138.19m751.65m0.004.801.47--5.320.55610.55610.58091.820.3559--168.46--34.79--36.07--98.44--97.77----286.080.00--168.68--177.20------
Henderson Smaller Companies Inv Trst PLC-52.34m-56.80m752.99m0.00--1.17-----0.7603-0.7603-0.70078.59-0.0698-------7.574.05-8.014.29--85.05--83.37----0.104550.49-15.68---13.91----11.72
BlackRock World Mining Trust Plc25.80m14.21m767.96m0.0054.141.03--29.760.08170.08170.14754.280.0295--3.89--1.638.181.879.4466.0288.7555.0584.43----0.115551.68260.09--225.23----0.9347
European Opportunities Trust PLC12.72m1.08m781.35m0.00743.190.867--61.430.00950.00950.11278.180.013--2.70--0.10987.650.11628.4723.8484.408.4582.37----0.009.23-82.54-35.43-98.07-59.17---1.63
Bmo Global Smaller Companies PLC-106.36m-113.80m803.96m0.00--1.14-----0.1874-0.1874-0.17561.20-0.1272-------13.614.59-14.084.72--86.88--83.53----0.04623.16-372.49---462.10----11.99
Data as of Nov 26 2020. Currency figures normalised to Law Debenture Corporation's reporting currency: UK Pound GBX

Institutional shareholders

26.20%Per cent of shares held by top holders
HolderShares% Held
Hargreaves Lansdown Stockbrokers Ltd.as of 02 Nov 20205.86m4.96%
Rathbone Investment Management Ltd.as of 02 Nov 20204.69m3.97%
Investec Wealth & Investment Ltd.as of 02 Nov 20204.02m3.41%
Coutts & Co.as of 02 Nov 20203.00m2.54%
Smith & Williamson Investment Management LLPas of 02 Nov 20202.81m2.38%
Killik & Co. LLPas of 02 Nov 20202.71m2.29%
Hargreaves Lansdown Asset Management Ltd.as of 02 Nov 20202.13m1.80%
Alliance Trust Savings Ltd. (Private Banking)as of 02 Nov 20202.12m1.80%
BMO Asset Managers Ltd.as of 02 Nov 20201.85m1.57%
Legal & General Investment Management Ltd.as of 02 Nov 20201.77m1.49%
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Data from 30 Jun 2020 - 18 Nov 2020Source: FactSet Research Systems Inc.
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