Share Name Share Symbol Market Type Share ISIN Share Description
Standard Life Uk Smaller Companies Trust Plc LSE:SLS London Ordinary Share GB0002959582 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -1.0% 592.00 592.00 596.00 606.00 594.00 604.00 169,019 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 6.7 6.7 87.8 436

Standard Life UK Small.Co's Tst PLC Edison review on Standard Life UK Smaller Co

25/10/2019 11:31am

RNS Non-Regulatory


Standard Life UK Small.Co's Tst PLC

25 October 2019

London, UK, 25 October 2019

Edison issues review on Standard Life UK Smaller Companies (SLS)

Standard Life UK Smaller Companies (SLS) has a long-term record of significant outperformance versus its benchmark. Manager Harry Nimmo says that his disciplined investment process, which focuses on quality, growth and momentum, also provides an element of resilience in periods of market weakness. He is encouraged by the trust's growing level of income, which is allowing SLS to employ a progressive dividend policy, and argues that over the long term, investors have been well served by an allocation to smaller UK companies as they have outperformed the broader UK market. The trust's board actively employs a discount control mechanism, and has recently been repurchasing shares as SLS's discount has bumped up against its 8% target maximum.

The board actively manages SLS's discount, aiming for a maximum 8% in normal market conditions; the primary method is via share repurchases. The trust's shares are currently trading at a 5.7% discount to cum-income NAV, which compares with the 5.0% to 7.6% range of average discounts over the last one, three, five and 10 years. SLS has a long-term history of dividend growth, compounding at an annual rate of 17.0% over the last decade; it currently yields 1.5%.

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(END) Dow Jones Newswires

October 25, 2019 06:31 ET (10:31 GMT)

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