14
February 2025
UIL
LIMITED
(LEI
Number: 213800CTZ7TEIE7YM468)
Publication of monthly factsheet
The latest monthly factsheet for UIL
Limited ("UIL" or the "Company") will shortly be available through
the Company's website at:
https://www.uil.limited/investor-relations/factsheet-archive
Monthly commentary
PERFORMANCE
UIL's net asset value ("NAV") total
return increased by 4.8% in January, largely in line with the
performance of the FTSE All Share total return Index which
increased by 5.5% over the month.
Donald Trump was inaugurated as
President of the United States and as in prior months, speculation
about his administration's policies dominated investor sentiment
globally. The level of uncertainty, especially with regards to
import tariffs, trade and foreign policy remained high. The release
of DeepSeek, a rival to ChatGPT, developed by a Chinese company
reportedly using lower computing power intrigued the market, posing
questions about America's lead in AI technology and future demand
for the latest Nvidia processor chips.
Generally, developed markets were
positive during January. The S&P 500 Index advanced by 2.7% in
the month, the FTSE 100 Index was up by 6.1%, the Eurostoxx Index
increased by 8.0% and the Australian ASX 200 Index gained 4.6%. The
US Federal Reserve held rates as expected at its January meeting,
whilst the European Central Bank and Bank of England had their
first meetings of the year scheduled for early February, with rate
cuts by both institutions expected.
In the emerging markets, the wait
continues for tangible signs of China's stimulus measures.
Southeast Asian markets were weak, notably in the Philippines where
the PSEI Index declined by 10.2% in January. In contrast Latin
America saw a positive return of investor confidence despite
lingering concerns over possible US import tariffs.
Commodity prices firmed, with gold
moving up by 6.6% in the month to almost USD 2,800/oz and Brent
Crude oil was up by 2.8%. Copper was also up during January by
6.3%.
PORTFOLIO UPDATE
UIL's top ten holdings are disclosed
on a look through basis, taking into account the
underlying
investments of Somers Limited and Zeta
Resources Limited. There were no changes to the constituents of the
top ten holdings in January 2025.
Resimac remains the largest holding on
a look through basis, and its share price was up by 6.3% during the
month. UIL offered to buy the listed minorities of Carebook
Technologies and aims to take the company private during February.
Carebook's share price rose by 137.5% during the month.
ORDINARY SHARES
The share price of the ordinary shares
was up by 5.9% to 116.50p in January. There were no buybacks during
the month.
A quarterly interim dividend of 2.00p
per ordinary share in respect of the year ending 30 June 2025, was
paid on 17 January 2025 to shareholders on the register on 3
January 2025.
ZDP
SHARES
The share price of the 2026 ZDP shares
was unchanged whilst the 2028 ZDP shares decreased by 3.1% during
the month.
Name
of contact and telephone number for enquiries:
Charles Jillings
ICM Investment Management
Limited
+44(0)1372 271486