UIL

LN: UTL

£199.5m market cap

233p last close

UIL’s objective is to maximise shareholder returns by identifying and investing in investments worldwide where the underlying value is not reflected in the market price. The company’s investment performance is benchmarked against the FTSE All-Share index.

Investment summary

UIL Limited (UIL) is managed by ICM, where the lead managers aim to generate strong total returns by investing in undervalued companies across the globe. Charles Jillings, responsible for day-to-day management, stresses that ICM is a long-term, deep-value, high-conviction investor, seeking exposure to companies with high growth potential. UIL has generated strong absolute and relative NAV and share price total returns for investors; it measures investment performance against the FTSE All-Share index. The company has reduced its gearing significantly (although it remains high in the context of peers) and the board is now focused on achieving a lower discount to net asset value (NAV), targeting 20%.

Share price graph
Price performance
%
1m
3m
12m
Actual (4.9) (7.2) 34.1
Relative* (1.7) (9.1) 28.7
52-week high/low 260.0p/172.0p
*% relative to local index
Key management
Charles Jillings Fund Manager
Alastair Moreton Company Secretary
Duncan Saville Fund manager

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