Investment Trusts

Law Debenture Corporation

LWDB:LSE

Law Debenture Corporation

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  • Price (GBX)868.00
  • Today's Change-4.00 / -0.46%
  • Shares traded101.72k
  • 1 Year change+11.42%
  • Beta1.2705
Data delayed at least 20 minutes, as of Nov 13 2024 13:29 GMT.
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About the company

The Law Debenture Corporation p.l.c. is a United Kingdom-based investment trust. The Company is a provider of independent professional services. The Company’s objective is to achieve long-term capital growth in real terms and steadily increasing income. The Company invests in a diversified portfolio of stocks and ownership of the IPS business. Its independent professional services include pension trustee executives, outsourced pension services, corporate trust services and corporate services to companies, agencies, organizations and individuals throughout the world. The services are provided through offices in the United Kingdom, Dublin, New York, Delaware, Hong Kong, the Channel Islands and the Cayman Islands. The Company invests in various sectors, including oil and gas, basic materials, industrials, consumer goods, health care, consumer services, telecommunications, financials, technology and others. The Company’s investment portfolio manager is Janus Henderson Global Investors.

  • Revenue in GBP (TTM)201.31m
  • Net income in GBP140.61m
  • Incorporated1889
  • Employees299.00
  • Location
    Law Debenture Corporation8th Floor, 100 BishopsgateLONDON EC2N 4AGUnited KingdomGBR
  • Phone+44 207 606 5451
  • Fax+44 207 606 0643
  • Websitehttps://www.lawdebenture.com/
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Profile

Management group(s)Janus Henderson Investors Ltd
AIC sectorUK Equity Income
ISINGB0031429219
Launch date12 Dec 1889
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

To achieve long term capital growth through investing in a diverse portfolio of investments spread both geographically and by sector.The group deploy the following financial instruments: 1,Quoted equities, unlisted equities and fixed interest securities. 2,Cash and short term investments and deposits. 3,Debentures, term loans and bank overdrafts to allow the group to raise finance. 4,Derivative transactions to manage any of the risks arising from the use of the above instruments. 5,Derivative transactions to hedge the net investment in overseas subsidiaries.

Managed by

Laura Foll, James Henderson

Management & contract fees

Management fee is 0.30% p.a. of the NAV of investment trust. No performance fees are paid to the investment manager. The contract is terminable on 6 months notice.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
BlackRock World Mining Trust Plc9.86m-13.40m964.64m0.00--0.8825--97.82-0.0701-0.07010.05165.720.0077--1.53---1.0411.27-1.1812.79-97.0891.06-135.8788.86---1,042.600.109545.13-125.12---139.02----13.23
Ninety One PLC697.80m163.90m976.28m1.19k8.553.775.501.400.18340.18340.78070.41560.0636--2.84587,868.601.491.6932.0339.8784.3482.7623.4922.46----0.204964.88-6.400.03520.0613.23-17.43--
Impax Environmental Markets plc5.17m-10.83m979.89m0.00--0.9166--189.68-0.0414-0.04140.01854.290.004--2.60---0.8487.95-0.86978.05-158.2190.00-209.6887.48----0.07110.39130.44--121.62----8.92
Fidelity Special Values PLC10.20m-3.11m993.36m0.00--1.03--97.43-0.0096-0.00960.03152.990.0103--1.88---0.31394.21-0.31564.2643.5686.79-30.4680.42--0.60360.005465.52286.81-0.1783225.06-1.40--11.97
TR Property Investment Trust plc224.39m196.35m1.02bn0.005.190.9132--4.540.61870.61870.70713.520.2002--3.63--17.520.253317.850.263992.5139.2987.5012.20--29.020.04921,365.89142.3810.96135.8811.84--3.07
AVI Global Trust PLC140.50m134.14m1.04bn0.008.431.06--7.410.28120.28120.29352.230.1223--3.96--11.676.2311.846.4291.7986.1795.4784.91----0.120724.90246.787.59220.829.82--6.13
Edinburgh Investment Trust PLC141.15m131.71m1.07bn0.008.690.9676--7.550.83430.83430.88397.490.1118--14.20--10.444.2310.484.3294.3882.2693.3179.36----0.095688.17157.4320.58211.7828.59---0.5781
Fidelity China Special Situations PLC-173.20m-213.46m1.09bn0.00--0.9499-----0.4433-0.4433-0.36022.24-0.1296-------15.97-0.4496-16.98-0.4769---17.97---30.16----0.0107---408.78---1,016.59----10.70
Vietnam Enterprise Investments Limited104.02m70.03m1.09bn0.0016.300.798--10.470.35280.35280.5187.210.0741--22.32--4.994.935.014.9794.3295.9567.3271.92--32.230.000.00122.79--117.43------
Herald Investment Trust plc204.97m190.88m1.13bn0.006.350.8796--5.533.423.423.6424.730.158--74.71--14.718.4214.748.4393.8989.8793.1388.79----0.000.00115.89--111.87------
Law Debenture Corporation plc201.31m140.61m1.16bn299.008.101.258.095.741.081.081.546.960.1894--5.41673,287.6013.235.6013.575.7895.4492.7169.8553.61--21.590.156366.49494.99--187.04--38.8211.11
JPmorgan Emerging Markets Inv Trust PLC104.69m84.97m1.17bn0.0014.320.8798--11.160.0750.0750.09231.220.0773--20.11--6.273.456.283.4591.5383.7281.1672.91----0.0034.05487.62-8.854,539.24-10.95--6.30
Sequoia Economic Infrastrctr Incm Fd Ltd131.76m110.42m1.18bn0.0011.420.803--8.990.0660.0660.07850.93770.0783------6.563.436.643.5686.9277.5683.8173.14----0.00183.351,089.409.49715.239.81--2.94
Aberforth Smaller Companies Trust plc274.29m257.22m1.19bn0.004.660.8379--4.363.053.053.2516.950.1949--34.88--18.285.7418.325.8296.6690.0493.7884.97--48.610.064245.12180.56--163.21----6.53
Ashmore Group plc205.50m93.70m1.24bn283.0012.861.4112.286.050.13570.13570.29711.240.2067--3.14726,148.409.8813.3210.8615.44----47.7954.13----0.007186.395.06-8.4012.48-12.100.000.2985
Bankers Investment Trust PLC162.31m147.90m1.32bn0.009.370.9387--8.120.1230.1230.13131.230.1027--15.65--9.355.669.455.7093.8389.9391.1286.06----0.078735.88148.2634.54136.0353.46--5.36
Data as of Nov 13 2024. Currency figures normalised to Law Debenture Corporation's reporting currency: UK Pound GBX

Institutional shareholders

17.56%Per cent of shares held by top holders
HolderShares% Held
Hargreaves Lansdown Asset Management Ltd.as of 01 Nov 20244.38m3.34%
Evelyn Partners Investment Management LLPas of 01 Nov 20243.59m2.74%
Rathbones Investment Management Ltd.as of 01 Nov 20243.22m2.46%
J. M. Finn & Co. Ltd.as of 01 Nov 20242.42m1.84%
Investec Wealth & Investment Ltd.as of 01 Nov 20242.37m1.81%
Columbia Threadneedle Asset Managers Ltd.as of 01 Nov 20242.14m1.63%
Coutts & Co.as of 01 Nov 20241.28m0.98%
HSBC Global Asset Management (UK) Ltd.as of 01 Nov 20241.24m0.94%
Walker Crips Investment Management Ltd.as of 01 Nov 20241.24m0.94%
The Vanguard Group, Inc.as of 01 Nov 20241.16m0.88%
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Data from 30 Jun 2024 - 01 Nov 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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