RCS - Lowland Inv. Co. - Edison issues review on Lowland Investment Company

Lowland InvestmentAnnouncement

12/04/2021 07:05

RNS Number : 1064V
  
Lowland Investment Co PLC
  
12 April 2021
  
 

 
London, UK, 12 April 2021
 
Edison issues review on Lowland Investment Company (LWI)
Lowland Investment Company (LWI) is riding high among its UK Equity Income peers over 12 months as a market rotation towards more cyclical and domestic UK names looks to vindicate its valuation-aware, multi-cap approach. With the Brexit withdrawal agreement now signed, managers James Henderson and Laura Foll say an increase in takeover activity shows private equity and trade buyers see the value in UK companies, and argue that international investors should also return to a market that has got used to being seen as 'unloved and underperforming'. After almost a decade of adding to its revenue reserve each year, LWI was able to draw on this to increase its FY20 dividend, with sufficient firepower to do so again in FY21 even if UK corporate dividends take longer than anticipated to recover.
 
Having increased its FY20 dividend by 0.5p to 60p (a current yield of 4.7%), LWI's 15.0p Q121 payout suggests continued modest dividend growth potential in FY21. Meanwhile, the current 5.6% discount to NAV still leaves scope for a re-rating.   

Click here to view the full report 
 
All reports published by Edison are available to download free of charge from its website
www.edisongroup.com
About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. 
Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.
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 investmenttrusts@edisongroup.com
Mel Jenner +44 (0)20 3077 5720 investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:  
LinkedIn        www.linkedin.com/company/edison-group-/
Twitter           www.twitter.com/Edison_Inv_Res 
YouTube       www.youtube.com/edisonitv

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
NRADXGDSGBBDGBB