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LWDB Law Debenture Corporation Plc

795.00
1.00 (0.13%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.13% 795.00 794.00 796.00 799.00 795.00 795.00 182,117 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 133.36M 75.15M 0.5730 13.89 1.04B

Law Debenture Corp PLC Net Asset Value(s) (2145Z)

16/09/2020 3:31pm

UK Regulatory


Law Debenture (LSE:LWDB)
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RNS Number : 2145Z

Law Debenture Corp PLC

16 September 2020

The Law Debenture Corporation p.l.c.

Net Asset Value as at 15 September 2020

The Law Debenture Corporation p.l.c. announces that its Net Asset Value ("NAV") with borrowings at par and including the fair value of IPS business(1) on 15 September 2020 was 591.46 pence per share (cum income) which includes the proposed 2020 second interim dividend of 6.5pence as the shares will go ex-dividend on 24 September 2020. With the Corporation's long term debt stated at fair value, the NAV was 550.44 pence per share (cum income). The mid-market price at the close of business on 15 September 2020 was 508.00 pence per share. The first quarterly dividend will be paid, subject to shareholder approval, on 28 October 2020 to holders on the register at the record date of 25 September 2020.

 
Net Asset Value               Excluding Income (pence)  Including Income (pence) 
NAV with debt at par                            582.25                    591.46 
                              ------------------------  ------------------------ 
NAV with debt at fair value                     541.24                    550.44 
                              ------------------------  ------------------------ 
 

Performance

 
                                                    YTD  1 year  3 years  5 years  10 years 
                                                      %       %        %        %         % 
NAV total return (with debt at par) (2)           -15.5   -10.1     -3.1     32.0     123.5 
------------------------------------------------  -----  ------  -------  -------  -------- 
NAV total return (with debt at fair value) (2)    -17.6   -11.7     -6.0     25.6     109.7 
------------------------------------------------  -----  ------  -------  -------  -------- 
FTSE Actuaries All-Share Index Total Return (3)   -16.9   -13.4     -5.9     23.1      70.1 
------------------------------------------------  -----  ------  -------  -------  -------- 
Share price total return (3)                      -13.0    -4.1      2.2     29.6     138.6 
------------------------------------------------  -----  ------  -------  -------  -------- 
Change in Retail Price Index (4)                    0.5     0.5      6.8     12.9      30.6 
------------------------------------------------  -----  ------  -------  -------  -------- 
 

(1) The fair value of the IPS business has been calculated as at 30 June 2020 and was published as part of the interim results announcement on 31 July 2020.

(2) NAV is calculated in accordance with the Association of Investment Companies (AIC) methodology, based on performance data held by Law Debenture including fair value of IPS business and long-term borrowings. NAV is shown with debt measured at par and with debt measured at fair value.

(3) Source: Refinitiv.

(4) Source: Bloomberg, subject to latest published RPI; August 2020

In accordance with listing rule 15.6.8, The Law Debenture Corporation p.l.c. announces that it has no investments in other UK listed investment companies that require to be disclosed.

Released by The Law Debenture Corporation p.l.c., Fifth Floor, 100 Wood Street, London, EC2V 7EX (contact Debbie Fish, Company Secretariat, 020 7696 5940).

The Law Debenture Corporation p.l.c. LEI number - 2138006E39QX7XV6PP21

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NAVBSGDCBXBDGGL

(END) Dow Jones Newswires

September 16, 2020 10:31 ET (14:31 GMT)

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