Share Name Share Symbol Market Type Share ISIN Share Description
Icg-longbow Senior Secured Uk Property Debt Investments Limited LSE:LBOW London Ordinary Share GG00B8C23S81 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.68% 73.50 85,734 13:57:27
Bid Price Offer Price High Price Low Price Open Price
71.50 74.00 73.50 73.50 73.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 8.51 6.11 5.04 14.6 89
Last Trade Time Trade Type Trade Size Trade Price Currency
13:57:27 AT 5,638 73.50 GBX

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Icg-longbow Senior Secur... Daily Update: Icg-longbow Senior Secured Uk Property Debt Investments Limited is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker LBOW. The last closing price for Icg-longbow Senior Secur... was 73p.
Icg-longbow Senior Secured Uk Property Debt Investments Limited has a 4 week average price of 69.50p and a 12 week average price of 69.50p.
The 1 year high share price is 99.50p while the 1 year low share price is currently 64.50p.
There are currently 121,302,779 shares in issue and the average daily traded volume is 121,830 shares. The market capitalisation of Icg-longbow Senior Secured Uk Property Debt Investments Limited is £89,157,542.57.
hugepants: A new investment.
rambutan2: The management say... Outlook Following the portfolio changes concluded after quarter end, the Company’s loan commitments total approximately £115 million, of which circa £104 million has been drawn to date. The Company and its investment portfolio are in a robust position to weather the challenges arising from the outbreak of the Coronavirus, given the diversity of underlying tenants and relatively low exposure to the most immediately vulnerable sectors such as travel, retail, leisure and hotels. Moreover the Company has access to cash and bank facilities of over £35 million and is well-placed to withstand disruptions and capitalise on any opportunities arising, such as lenders withdrawing from transactions. Nonetheless we continue to act with extreme caution; no-one can predict with certainty the overall effects of the outbreak on the UK economy, property and lending markets, and we believe the bar for new investing should be set much higher as a result. We believe our longstanding philosophy of supporting properties and sponsors which can deliver income and value growth outside of market cycles and shocks remains the best way to proceed in a period of uncertainty. htTps:// And even more recently... Recent developments and COVID 19 update As stated in the Company's announcement of 10(th) March 2020, the GBP21.5 million Pentavia loan has been repaid in full. A new loan commitment of GBP7.75 million secured by an industrial estate in Merseyside has been completed of which GBP3.5 million has been drawn down. All borrowings on the Company's working capital facility, totalling GBP5.2 million, have been fully repaid. As of 27(th) March 2020, the Group has cash balances of GBP15.1 million, of which approximately GBP9.9 million is committed against existing facilities, leaving the Group free, uncommitted cash balances of GBP5.2 million in addition to its available but undrawn GBP25 million working capital facility. Against the backdrop of uncertainty caused by COVID 19 the Group has a strong cash reserve, ample liquidity and no borrowings. The pro forma LTV of 67.9% as set out in the latest Fact Sheet is supported exclusively by senior secured loans backed by a first legal charge over a diverse portfolio of UK commercial and residential properties, with no junior, mezzanine or structured credit positions. Whilst it will be some time before the full impact of Covid-19 is known, each of the underlying loans is subject to close monitoring and strong collateral. T he Investment Adviser is actively engaging with the sponsors and supporting them as needed to preserve performance of the underlying real estate assets in what are challenging market conditions. The Board is in regular contact with the Investment Adviser to monitor portfolio performance, and the preparation of the Annual Report and Accounts for the Year Ended 31(st) January 2020 is progressing as planned.
skyship: Nice. Regular qtly 1.5p divi + a special divi of 2.25p:
orinocor: ok but I suppose if they go for the lower dividend yield option the shares will trade at a NAV discount maybe 10% which would give a share price of around the 90p mark?
Icg-longbow Senior Secur... share price data is direct from the London Stock Exchange
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