REG - UIL Limited UIL Finance Ltd Utilico Limited 2014 UIL Finance - UTLG Utilico Finance (D) - Publication of monthly factsheet

UILAnnouncement

19/12/2024 10:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241219:nRSS7686Qa&default-theme=true

RNS Number : 7686Q  UIL Limited  19 December 2024

19 December 2024

 

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

 

Publication of monthly factsheet

 

The latest monthly factsheet for UIL Limited ("UIL" or the "Company") will
shortly be available through the Company's website at:

https://www.uil.limited/investor-relations/factsheet-archive
(https://www.uil.limited/investor-relations/factsheet-archive)

 

Monthly commentary

 

PERFORMANCE

UIL's net asset value ("NAV") total return increased 3.6% in November
outperforming the FTSE All Share total return Index which increased by 2.5%
over the month.

 

Global markets in November were dominated by the US election with the
Republicans winning the White House and the Senate. The US market reacted
positively given President Trump now has robust electoral bases to implement
his policies of trade, taxes, immigration and deregulation, with the focus
being primarily on improving the domestic economy. The S&P 500 Index
subsequently reached an all-time high during the month, up by 5.7%, whilst the
Dow Jones Industrial Average Index was up by 7.5% and the US Dollar
appreciated against Sterling by 1.1%.

 

In Europe, markets were mixed, with the FTSE 100 Index up by 2.2% and the DAX
Index up by 2.9% whilst political uncertainty in France resulted in a 1.6%
decline in the CAC 40 Index and the Eurostoxx declined by 0.5%. With the
prospects of a more buoyant US market, a tighter Federal policy as well as
higher tariffs, the US Dollar strengthened against the Euro by 2.9%. In
Australia, the ASX 200 Index advanced by 3.4%.

 

Emerging markets also came under pressure as many witnessed outflows from
foreign investors on uncertainty over the magnitude of Trump's potential trade
tariffs, especially with regards to China where Trump has threatened up to 60%
tariffs on imports. The Hong Kong Hang Seng Index was subsequently down by
4.4%, now having surrendered a large part of the gains witnessed in early
autumn that arose on the back of promised stimulus that has failed to
materialise.

 

In the commodities markets, Brent Crude oil was down by 0.3% for the month,
copper was down by 6.0% as persistent demand concerns and a strengthened US
Dollar continue to weigh on the sector, whilst gold declined by 3.7%.

 

PORTFOLIO UPDATE

UIL's top ten holdings are now disclosed on a look through basis, taking into
account the underlying investments of Somers Limited and Zeta Resources
Limited. Alliance Nickel replaced The Market Limited within the top ten.
Alliance Nickel is an Australian listed exploration and development company
with nickel and cobalt interests in Western Australia.

 

Resimac remains the largest holding, and its share price was up by 7.0% during
the month.

 

ORDINARY SHARES

The share price of the ordinary shares advanced by 5.6% to 112.50p in
November. UIL bought back 50,000 shares during the month at an average price
of 108.98p.

 

ZDP SHARES

The share price of the 2026 ZDP shares was up by 4.4% and the 2028 ZDP shares
increased by 10.3% during the month.

 

 

Name of contact and telephone number for enquiries:

 

Charles Jillings

ICM Investment Management Limited
                    +44(0)1372 271486

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DOCFFSSUUELSEIE