Lowland Investment Company

LN: LWI

£376.9m market cap

1395p last close

Lowland Investment Company PLC (LWI) invests across the UK equity market (with a small proportion in overseas stocks) to achieve above-average total returns.

Investment summary

Lowland Investment Company (LWI) invests mainly in UK companies that the managers, James Henderson and Laura Foll at Janus Henderson Investors, believe are undervalued in relation to their long-term growth prospects. The recent stock market volatility has seen P/E valuations fall across the board, and the current portfolio forward P/E multiple of c 11.5x represents a c 6% discount to the benchmark FTSE All-Share index. While LWI remains biased to the smaller end of the market cap spectrum (c 60% of the portfolio is outside the FTSE 100 index), the managers have recently been finding opportunities in some out-of-favour larger companies with attractive yields. LWI has a total return focus, currently yields 4.0% and has grown its total annual dividend at a compound rate of c 10% over the past five years, well ahead of the rate of inflation.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.9 0.9 (9.4)
Relative* (2.3) (1.9) (8.0)
52-week high/low 1575.0p/1280.0p
*% relative to local index
Key management
Robert Robertson Chairman
Duncan Budge Non- Executive Director
Gaynor Coley Non- Executive Director
Karl Sternberg Non- Executive Director
Kevin Carter Non- Executive Director
Simon Longfellow Head of Marketing Investment Trusts

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