Lowland Investment Co PLC Edison issues update on Lowland IC
August 15 2023 - 1:15AM
RNS Non-Regulatory
TIDMLWI
Lowland Investment Co PLC
15 August 2023
London, UK, 15 August 2023
Edison issues update on Lowland Investment Company (LWI)
Lowland Investment Company (LWI) targets above-average total
returns, from a combination of capital and income, with a multi-cap
investment policy that differentiates it from most peers in the UK
Equity Income sector. Within its broad range of investment
opportunities, selected large caps provide more immediate income,
often with defensive characteristics, while small and mid-caps
offer faster growth in income and dividends over time. LWI has a
long track record of progressive dividends, which have grown c 7%
pa over 10 years, and currently offers an attractive 5.2% yield.
While investor focus on large-cap stocks, often with global
businesses, has created a headwind for LWI's multi-cap approach and
five-year NAV total return, the managers anticipate a broadening of
market performance.
As they have observed in previous cycles, the managers expect
market leadership to broaden as confidence grows. They believe that
the market de-rating of SME companies is already discounting a
severe recession, and often ignores robust performances and strong
prospects. Stubborn inflation is yet to signal the peak in interest
rates, making the timing of an SME recovery difficult to predict,
but low valuations should mitigate further weakness and may attract
further takeover activity. The potential for an SME recovery makes
LWI an interesting complement to more mainstream trusts and a
narrowing of the 10% discount to NAV would enhance shareholder
returns.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: E dison is a leading research and investor
relations consultancy, connecting listed companies to the widest
pool of global investors. By focusing on the volume and quality of
investors reached - across institutions, family offices, wealth
managers and retail investors - Edison can create and gauge intent
to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual
meetings.
Having been the first company in-market 17 years ago, Edison has
more than 100 employees and covers every economic sector.
Headquartered in London, Edison also has offices in New York,
Sydney and Wellington.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information, please contact Edison:
Martyn King +44 (0)798 6268 072
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
LinkedIn www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
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