Law Debenture Share Discussion Threads

[essentialinvestor] 04/11/2019 16:25

IVI is my largest IT holding atm, it's the best value I can see.

[essentialinvestor] 04/11/2019 15:39

BBY is the only sector stock I would consider. And even then it
would not be with much conviction.

[spectoacc] 04/11/2019 15:28

Ha ha - t'was Interserve.

But also Convivality and Carillion as per this article:



Edit - he's not a Woodford or Barnett, but would help if he was less of a tit. That article only from Dec 18 but:

"Interserve chief executive Debbie White said the company was likely to finalise its deleveraging plan early next year and that the government, a major Interserve customer, was supportive.

‘Our lenders are supportive of the deleveraging plan which will underpin the long-term future of Interserve,’ she told investors."

Buy buy bye.

[spectoacc] 04/11/2019 15:27

Not his first either - which was the other he got caught on? Convivality? Was one of the heinous ones - maybe Carillion? Is almost as if he's not paying attention.

(And yes - anyone can get caught out & make the odd mistake. But not like it's a Patisserie Valerie that almost no one saw coming).

[essentialinvestor] 04/11/2019 15:24

The holding in KIer has been bloody costly here.

How James did not spot the warnings signs in advance, which were numerous,
is really very disappointing.

[eeza] 30/5/2019 21:08

Tipped by Questor in DT

[davebowler] 29/3/2019 17:21

Changes in FTSE UK Index Series

27 March 2019


Subject to court sanctioning the scheme of arrangement in relation to the cash acquisition
of Jardine Lloyd Thompson Group (UK, constituent) by MMC Treasury Holdings (UK) Limited (non
constituent), please see details of affected indexes and effective dates below:
Jardine Lloyd Thompson Group (UK, 0520337) will be deleted from the FTSE 250 Index.
Law Debenture Corp (UK, 3142921) will be added to the FTSE 250 Index and removed from the
FTSE SmallCap Index.
All changes effective from 01 April 2019.
Full details of index changes are available on the FTSE Russell website.

[typo56] 28/3/2019 16:39

Gets promoted to FTSE250 on Monday. That helped today.

[vacendak] 25/3/2019 08:11

In the news:

[spectoacc] 02/2/2018 09:10

Rolling over a bit; dunno why, tho the stock picking skills of someone who held CLLN may be being called into question. Any effect on the NAV long since priced in tho.

[wydffa] 04/1/2018 16:18

I cannot find any info/rumour on why Adams left after only a year, does anyone know?

[davebowler] 19/12/2017 13:28

15 Dec NAV was 643.24 pence per share (ex income) and 655.86 pence per share (cum income)

[topvest] 03/3/2017 20:59

Its one of those "hold forever" stocks for me.

[spectoacc] 03/3/2017 08:57

Still a happy holder with a large holding, but sold a few today.

[clausentum] 24/1/2017 21:53

13.36% discount using fair value/cum income.

IMO although the discount has been gradually increasing this is still a boringly good value IT.

[spectoacc] 05/1/2017 20:10

@v - def, the "consecutive years" divi payers. Picked LWDB for its business-on-the-side fiduciary business, undervalued IMO & valuable both as a stand-alone and in what it brings to the IT (seem to recall about £1m annually in tax benefits).

Low charges too - 0.3% annual management charge, 0.45% TER.

And c.10% discount to what I reckon is a mildly understated NAV.

3% yield, & James Henderson as manager - though I'm always wary of "star names".

Could almost talk myself into buying more (I won't) ;)

[vacendak] 05/1/2017 12:14

Yep, everybody needs something like this in their portfolio.
A bit boring, old (as in been through a lot of crashes over the years), steady and reliable.

I have some Foreign & Colonial (FRCL) to play this role in my pf.

[spectoacc] 03/1/2017 16:33

Not a lot of change really, but some pretty good holdings. Happy with LWDB as a LTBH, discount wide, divi not enormous but growing, more than just a holding vehicle for equities.

1. Royal Dutch Shell 3.72
2. HSBC 2.49
3. Rio Tinto 2.38
4. BP 2.34
5. GKN 2.15
6. Baillie Gifford Pacific 2.08
7. Stewart Investors Pacifc 2.02
8. Prudential 1.71
9. GlaxoSmithKline 1.68
10. Hill & Smith 1.61

[spectoacc] 04/10/2016 13:24

Long been a fan of LWDB, nice to see them finally rising. Top Ten holdings won't be hurt by recent £ weakness:

1. Royal Dutch Shell 2.97
2. HSBC 2.27
3. Baillie Gifford Pacific 2.19
4. GKN 2.16
5. BP 2.14
6. Stewart Investors Pacifc 2.13
7. Rio Tinto 2.01
8. Senior 1.96
9. GlaxoSmithKline 1.83
10. Hill & Smith 1.75

[davebowler] 28/9/2016 11:08

26 Sept NAV With the Corporation's long term debt stated at fair value, the NAV was 554.15 pence per share (ex income) and 561.44 pence per share (cum income).