Edison issues review on Lowland Investment Company

London, UK, 24 July 2020

Edison issues review on Lowland Investment Company (LWI)

Lowland Investment Company (LWI) invests across the UK market capitalisation spectrum, seeking a combination of capital and income growth. Although its smaller-cap bias and value-orientated investment approach mean it has underperformed in recent years, managers James Henderson and Laura Foll at Janus Henderson Investors remain confident in the ability of well financed, well managed companies in areas such as engineering and insurance to recover and grow in the medium term. In the meantime, the trust has revenue reserves with which it plans to support its long-term record of maintaining or growing its annual dividends.

At 22 July 2020, LWI's shares traded at an 8.3% discount to cum-income NAV. While this is appreciably lower than the 10-year widest discount of 13.0% seen during the market sell-off in March 2020, it remains towards the wider end of the established long-term range of 0-10%, and is also wider than the average discounts over one, three, five and 10 years (range of 4.0% to 6.6%). The current dividend yield of 6.3% reflects a lower share price, but dividends look secure for FY20.

Click here to view the full report.

Subscribe to Edison's content to receive reports by email.

All reports published by Edison are free-to-access and available on the website.

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Sarah Godfrey, +44 (0)20 3681 2519

Mel Jenner,       +44 (0)20 3077 5720

[email protected]

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn        https://www.linkedin.com/company/edison-group- 

Twitter           www.twitter.com/Edison_Inv_Res 

YouTube        www.youtube.com/edisonitv