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The Law Debenture Corporation (LWDB)

Business description

LWDB’s investment objective is to achieve long-term capital growth in real terms and steadily increasing dividend income to shareholders. The aim is to achieve a higher rate of total return than the FTSE All-Share index through investing in a global portfolio diversified both geographically and by industry. LWDB’s independent professional services (IPS) business provides a regular flow of income, which enhances the dividend income from the equity portfolio.

Stock data

Market cap.£699.6m
Last close591.00p
High / Low (52 weeks)636.0p / 534.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment trusts

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Company news

Law Debenture Promotes Denis Jackson To Chief Executive Officer

Wed, 20 Dec 2017 15:11:15 GMT

This trust will protect you in share price storms – and the market is ...

Thu, 09 Jul 2015 08:26:15 GMT

Law Debenture clears up confusion over premium rating

Thu, 25 Feb 2016 15:33:45 GMT

Interested In Financials? Why The Law Debenture Corporation plc (LSE:LWDB) May ...

Fri, 17 Nov 2017 07:37:33 GMT

BRIEF-Law Debenture Corporation says has accepted resignation CEO

Mon, 23 Oct 2017 06:42:52 GMT

Investment summary

The Law Debenture Corporation (LWDB) is unusual among investment trusts in that it runs a long-established independent professional services (IPS) business alongside its investment portfolio of global equities. With the corporate entity having refreshed its management team, growth in the IPS business has been strong in H118, and income from the businesses (which include corporate trusts, pension services, corporate services and whistleblowing) provided 30% of LWDB’s net revenue per share, in spite of accounting for only 13.5% of fair value NAV. Meanwhile, the investment trust portfolio has produced strong long-term NAV total return performance versus its FTSE All-Share benchmark, and managers James Henderson and Laura Foll continue to find attractively valued opportunities in the UK, which remains severely out of favour among professional investors.

Last updated on 30/07/2018

Key management

Denis Jackson, CEO
Katie Thorpe, CFO

Company address

Fifth Floor,
100 Wood Street,
London
EC2V 7EX
United Kingdom
+44 (0)20 7606 5451
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