Share Name Share Symbol Market Type Share ISIN Share Description
Hansa Investment Company Limited LSE:HAN London Ordinary Share BMG428941162 ORD 1P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.60p -0.32% 185.80p 181.80p 189.80p 182.00p 181.80p 182.00p 7,719 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.7 2.3 9.2 20.2 74

Hansa Trust PLC Edison issues review on Hansa Trust (HAN/HANA)

12/07/2019 1:43pm

RNS Non-Regulatory


TIDMHAN

Hansa Trust PLC

12 July 2019

London, UK, 12 July 2019

Edison issues review on Hansa Trust (HAN/HANA)

Hansa Trust (HAN/HANA) is arguably unique in its sector, with a portfolio made up of global equities, regional and thematic funds, diversifying (mainly hedge) funds and a large strategic position in Ocean Wilsons Holdings (OWHL), which in turn has a majority stake in Brazilian maritime services company Wilson Sons (WSON). Lead Manager Alec Letchfield's focus on capital preservation as well as growth has enabled the portfolio to outperform UK and global equity indices in the recent stock market volatility, with new holdings such as Selwood Asset Management Liquid Credit Strategy already having a positive impact. The trust has recently published proposals to redomicile to Bermuda (see Recent developments).

At 11 July 2019, Hansa Trust's A-shares traded at a 31.8% discount to cum-income NAV, which is a little above the average discounts over one, three and five years. Because the strategic holding in Ocean Wilsons also trades below NAV, the look-through discount to NAV is higher, at 39.4%. Hansa Trust's discount is well above the average for its peer group, which could afford an element of downside protection to the share price in a market downturn, given it has rarely exceeded 35% even during periods of very poor sentiment towards equities.

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Sarah Godfrey, +44 (0)20 3681 2519

Gavin Wood, +44 (0)20 3681 2503

investmenttrusts@edisongroup.com

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July 12, 2019 08:43 ET (12:43 GMT)

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