Market Cap£227.7m

Last Close 271p

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.

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Investment summary

UIL Limited (UIL) is a specialist leveraged fund managed by long-term, deep-value investor ICM. The team, led by Charles Jillings, aims to generate strong total returns by investing in undervalued businesses across the globe. Around 80% of the portfolio is held in collective investment vehicles managed by ICM known as ‘platforms’, each of which has a specific mandate, while the other positions are direct investments. The fund’s three largest sector exposures are financial services, resources and technology (c 75%), while the largest geographic weighting is Australia (c 40%). Jillings is upbeat about UIL’s future prospects; he believes that over the last year the quality of the fund’s assets and its funding structure have improved, and he is encouraged by the company’s strong level of income and reserves.

Content on UIL
UIL – Uncaptured value from discounted assets
Investment companies | Update | 22 April 2021
Fund manager interview – UIL
Investment companies | Edison TV | 10 December 2019
UIL – Seeking undervalued assets across the globe
Investment companies | Initiation | 10 December 2019
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Share price graph
Price performance
Actual (2.9) 4.6 64.2
Relative* (0.3) 5.8 38.6
52-week high/low 282.0p/155.0p
*% relative to local index
Key management
Charles Jillings Fund Manager
Alastair Moreton Company Secretary
Duncan Saville Fund manager

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