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LWDB Law Debenture Corporation Plc

811.00
-5.00 (-0.61%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Law Debenture Corporation Plc LSE:LWDB London Ordinary Share GB0031429219 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -0.61% 811.00 137,866 16:27:40
Bid Price Offer Price High Price Low Price Open Price
810.00 812.00 815.00 809.00 809.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 133.36M 75.15M 0.5730 14.15 1.06B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:06:34 O 2,791 811.00 GBX

Law Debenture (LWDB) Latest News (1)

Law Debenture (LWDB) Discussions and Chat

Law Debenture Forums and Chat

Date Time Title Posts
08/4/202412:44Law Debenture Corporation - founded in 1889133
06/3/200923:19LWDB with Charts & News15
01/3/200610:37EXCELLENT Investment Trust2

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Law Debenture (LWDB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 17:06:43811.002,79122,635.01O
2024-04-19 16:34:52809.476,42552,008.51O
2024-04-19 15:35:00811.005,14541,725.95UT
2024-04-19 15:27:40811.0085689.35AT
2024-04-19 15:27:40811.0014113.54AT

Law Debenture (LWDB) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Law Debenture Daily Update
Law Debenture Corporation Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker LWDB. The last closing price for Law Debenture was 816p.
Law Debenture currently has 131,165,549 shares in issue. The market capitalisation of Law Debenture is £1,063,752,602.
Law Debenture has a price to earnings ratio (PE ratio) of 14.15.
This morning LWDB shares opened at 809p
Posted at 04/4/2024 07:33 by salvorhardin
I'm with vacendak on this. For retirees like me there's a lot to be said for a boring investment like Law Debenture whose share price doesn't move up and down like the proverbial tart's knickers.

We've made our money and we don't want to take the risk of having to go back to work (that's if we can find a job) having lost a small fortune punting on the next big thing.

When I worked in the City in the late 1990s I saw quite a few people throw away a big part of their futures by chasing dotcom stocks.
Posted at 03/4/2024 15:56 by vacendak
This is not meant to put your portfolio on fire.

Like FCIT, the appeal is in its liquidity. Also it tends to trade at a premium a lot more than the rest of the generic global semi-trackers ITs. There is hardly any risk with LWDB, low interest rates, high interest rates, rain or shine... it will not have the swings of Scottish Mortgage.
Posted at 03/4/2024 13:22 by thamestrader
Think I'm beginning to lose faith in this one. Since 1jan24: FTSE up 2.3%, my UK portfolio up 2.3%, LWDB down 2%. Yes there's a divi, but still a rubbish performance. There is a slight hint of an upward channel forming, so I might try and be patient.
Posted at 27/2/2024 11:25 by speedsgh
Q4 dividend: 9.125p
Payment date: 11/4/24
Ex-div: 7/3/24

"The Directors recommend a final dividend of 9.125 pence per share making a total for the year of 32.0 pence per share. Subject to the approval of shareholders, the final dividend will be paid on 11 April 2024 to holders on the register of the record date of 8 March 2024."
Posted at 27/2/2024 11:24 by speedsgh
Annual Financial Report -

Highlights:

· Share price total return marginally outperformed the FTSE Actuaries All-Share Index with a total return of 8.1% for 2023.

· NAV total return with debt and Independent Professional Services ("IPS") business at fair value for FY 2023 of 9.4% (8.9% with debt at par), outperforming index at 7.9%.

· Another good performance from IPS, with net revenue increasing by 11.8%, profit before tax up by 10.5% and valuation up 6.3% to £185 million (excluding net assets).

· The Company issued c.3 million new Ordinary Shares at a premium to NAV during 2023, to existing and new investors, with net proceeds of c.£24.2 million to support ongoing investment.

· Continued low ongoing charges of 0.49%, compared to the industry average of 1.20%.

Dividend Highlights

· 2023 full year dividend expected to increase by 4.9% to 32.0 pence per Ordinary Share (2022: 30.5 pence per Ordinary Share).

· Proposed 2023 dividend is fully covered by retained profits earned this year with no requirement to call upon historical reserves.

· Dividend yield of 4.1% (based on our closing share price of 778 pence on 23 February 2024), proposed Q4 dividend of 9.125 pence per Ordinary Share.

· 7.9% CAGR in dividends over last ten years, reflecting strong IPS cashflow and good portfolio performance.
Posted at 28/9/2023 08:31 by ramellous
When using HL charts, I like to start by going to the funds section and bringing up the 5 yr chart of Fundsmith. This way you can overlay multiple equity charts on the same graph. Doing that with LWDB and the Lyxsor etf shows LWDB had a 60% total return and L100 had 20% since Sept 2018. Interestingly LWDB beat Fundsmith on the same timescale.
Posted at 28/9/2023 08:05 by spectoacc
Yes that's a fair point. But still not sure LWDB is knocking socks (but do agree it's differentiated).
Posted at 27/9/2023 09:03 by spectoacc
It does differentiate LWDB, but on a slight premium? Was at a discount of around 10% for years.

Also, the major holdings of LWDB, MRCH, CTY:

LWDB - Shell, BP, RR, HSBC, FLTR, GSK, RIO
MRCH - GSK, Shell, BATS, RIO, BP
CTY - Shell, BA., ULVR, BATS


A FTSE100 tracker would save you about 0.7% pa, compound.

Needless to say, you'd find similar holdings in EDIN & TMPL.

Can see an argument for LWDB (but not on a premium), and can see an argument for eg playing discounts on others. But otherwise they're just a beige soup of mega-cap FTSE100's, with the stockpicking at the edges, when they get it right, destroyed by the compound charges. 1% pa of fees/costs add up hugely over years.
Posted at 27/9/2023 08:48 by thamestrader
I have become a fan of ITs like this one over the last year or so, holding MRCH, CTY and LWDB.

Now that I have 12 months' performance to review. Annual returns sep22 to sep23, including dividends have been 22% for LWDB, and 12-13% for CTY and MRCH. But september 22 was a major dip, so probably not a fair reference point. However whichever way you slice it and dice it, LWDB is best of the three.

I have recently added a few more EDIN and TMPL into the mix, so let's see how they get on.
Posted at 14/8/2023 14:00 by davebowler
Quoted Data article -James Henderson and Laura Foll, managers, Law Debenture, 28 July 2023

The period began positively with the return of some investor confidence in equity markets. However, this proved short-lived when the Silicon Valley Bank collapsed. There was concern at the time that this collapse might lead to contagion globally. Thankfully, this did not prove to be the case as the banking system does not carry the same degree of leverage as in the past. The narrative in the market moved on, but risk aversion in the market remains. The global inflation level has not fallen as quickly as some had hoped. This is particularly the case with the UK, resulting in continued upward movement in its interest rates. The outcome has been that the gilt market has adjusted downwards, leaving yields at a level that is even higher than last autumn. This background of rising rates has undermined investor confidence in equities, particularly in UK-orientated small companies. AIM-listed companies in particular, have experienced share price weakness, falling, in some cases, to what appear to be extraordinarily low valuations.
Law Debenture share price data is direct from the London Stock Exchange

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