Standard Life UK Small.Co's Tst PLC Edison issues review on Standard Life UK Small.Co'
March 26 2019 - 7:50AM
RNS Non-Regulatory
TIDMSLS
Standard Life UK Small.Co's Tst PLC
26 March 2019
London, UK, 26 March 2019
Edison issues review on Standard Life UK Smaller Companies
(SLS)
Standard Life UK Smaller Companies (SLS) is managed by
experienced UK smaller-cap specialist Harry Nimmo. He is somewhat
cautious on the near-term outlook for UK equities, citing ongoing
Brexit uncertainty, lower US earnings growth and the US/China trade
dispute. The manager continues to follow his tried-and-tested
investment process, seeking high-quality firms that can grow their
businesses regardless of the stage of the economic cycle. He notes
that SLS's portfolio companies are generally trading well, showing
good earnings momentum and beating expectations, which he expects
will lead to higher dividend payments. The trust currently offers a
yield of 1.6%.
SLS is currently trading at an 8.9% discount to cum-income NAV,
which is wider than the 5.1% to 6.4% range of average discounts
over the last one, three, five and 10 years. The board aims to
limit the discount to 8.0% in normal market conditions, primarily
via share repurchases, although there are also periodic
discretionary tender offers. While SLS aims to generate long-term
capital growth, its annual dividends have compounded by 11.6% pa
over the last five years and its current yield is 1.6%. Net gearing
is permitted up to 25% of NAV (0.8% net cash at end-January 2019,
reflecting the manager's relatively cautious near-term
outlook).
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: Edison is an investment research and advisory
company, with offices in North America, Europe, the Middle East and
AsiaPac. The heart of Edison is our world-renowned equity research
platform and deep multi-sector expertise. At Edison Investment
Research, our research is widely read by international investors,
advisers and stakeholders. Edison Advisors leverages our core
research platform to provide differentiated services including
investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct
Authority.
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information please contact Edison:
Mel Jenner, +44 (0)20 3077 5720
Gavin Wood, +44 (0)20 3681 2503
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
LinkedIn https://www.linkedin.com/company/edison-investment-research
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
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 or visit www.rns.com.
END
NRAJFMBTMBITBFL
(END) Dow Jones Newswires
March 26, 2019 07:50 ET (11:50 GMT)
Abrdn Uk Smaller Compani... (LSE:AUSC)
Historical Stock Chart
From Apr 2024 to May 2024
Abrdn Uk Smaller Compani... (LSE:AUSC)
Historical Stock Chart
From May 2023 to May 2024