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Law Debenture Corporation plc (LWDB) Ordinary 5p

Sell:767.00p Buy:769.00p 0 Change: 7.00p (0.92%)
FTSE 250:0.55%
Market closed Prices as at close on 16 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:767.00p
Buy:769.00p
Change: 7.00p (0.92%)
Market closed Prices as at close on 16 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:767.00p
Buy:769.00p
Change: 7.00p (0.92%)
Market closed Prices as at close on 16 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

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.
Sector Weight
Financial Services 20.50%
Industrials 20.27%
Basic Materials 14.49%
Consumer Cyclical 9.84%
Healthcare 6.49%
Technology 6.49%
Energy 6.09%
Communication Services 4.51%
Utilities 3.87%
Consumer Defensive 2.51%
Country Weight
United Kingdom 78.36%
United States 7.53%
France 1.70%
Switzerland 1.64%
Netherlands 1.38%
Japan 1.09%
Spain 0.94%
Italy 0.79%
Ireland 0.68%
Canada 0.65%

Fee Structure

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.

Dividend Policy

The Company intends to pay quarterly dividends, will be paid in January, April, July and October. The target dividend te be at least equal to 26p per share.

ASSET SPLIT

Total number of holdings: 132.

Trust Manager

James Henderson

Manager Bio

James Henderson is a Portfolio Manager at Janus Henderson Investors, a position he has held since 2003. He joined Henderson in 1983 as a trainee fund manager and has successfully managed a number of investment trusts since 1990. Prior to this, he was an accountant trainee at Binder Hamlyn. James graduated with an MA (Hons) in economics from Cambridge University. He has 37 years of financial industry experience.

Board Of Directors

Robert HingleyChairman, Denis Jackson, Mark Bridgeman, Timothy Bond, Clare Askem, Claire Finn, Trish Houston, Hester Scotton

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.