Associated equity: Securities Trust of Scotland
Edison Investment Research is terminating coverage on Securities Trust of Scotland. Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.
Previously published reports can still be accessed via our website.
Securities Trust of Scotland — 5 videos in collection
Securities Trust of Scotland (STS) seeks a combination of rising income and long-term capital growth from a concentrated (currently 46 stocks) global portfolio of mainly larger companies. Stocks are chosen for attributes including yield and dividend growth, financial strength and valuation. Recently the shares have moved to a discount to NAV, but a new policy to enhance the yield, together with the potential for better underlying performance, could see the shares re-rate to a level closer to peers.
In this interview, the portfolio manager, Alan Porter, explains the rationale for recent additions to the portfolio and the change in the dividend policy.