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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) (2758P)

15/10/2021 2:08pm

UK Regulatory


Law Debenture (LSE:LWDB)
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RNS Number : 2758P

Law Debenture Corp PLC

15 October 2021

The Law Debenture Corporation p.l.c.

Net Asset Value as at 14 October 2021

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 14 October 2021 was 814.01 pence per share (cum income) which excludes the proposed 2021 second interim dividend of 6.875 pence per share as the shares went ex-dividend on 07 October 2021. With the Corporation's long term debt stated at fair value, the NAV was 781.74 pence per share (cum income). The mid-market price at the close of business on 14 October 2021 was 756.00 pence per share. The second interim dividend will be paid on 28 October 2021 to shareholders on the register at the record date of 08 October 2021.

 
Net Asset Value               Excluding Income (pence)  Including Income (pence) 
NAV with debt at par                            796.20                    814.01 
                              ------------------------  ------------------------ 
NAV with debt at fair value                     763.93                    781.74 
                              ------------------------  ------------------------ 
 

Performance

 
                                              YTD  1 year  3 years  5 years  10 years 
                                                %       %        %        %         % 
NAV total return (with debt at par) (2)      20.2    43.5     41.1     60.0     198.8 
-------------------------------------------  ----  ------  -------  -------  -------- 
NAV total return (with debt at fair value) 
 (2)                                         23.4    48.4     40.0     62.2     190.1 
-------------------------------------------  ----  ------  -------  -------  -------- 
FTSE Actuaries All-Share Index Total 
 Return (3)                                  15.0    27.2     18.7     31.4     108.7 
-------------------------------------------  ----  ------  -------  -------  -------- 
Share price total return (3)                 12.8    46.3     49.7     77.1     204.5 
-------------------------------------------  ----  ------  -------  -------  -------- 
Change in Retail Price Index (4)              4.1     4.8      8.2     16.0      30.2 
-------------------------------------------  ----  ------  -------  -------  -------- 
 

(1) The fair value of the IPS business has been calculated as at 30 June 2021 and was published as part of the half year results announcement on 29 July 2021.

(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: Office for National Statistics, subject to latest published RPI, August 2021.

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., 8th Floor, 100 Bishopsgate, London, EC2N 4AG (contact Alison Skerritt, Company Secretariat, 020 7606 5451).

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

NAVBXBDGRGBDGBU

(END) Dow Jones Newswires

October 15, 2021 09:08 ET (13:08 GMT)

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