Edison issues review on The Law Debenture Corporation (LWDB): One plus one equals three
FY23 results for The Law Debenture Corporation (LWDB) show this well-proven, rare combination of a UK investment trust and the cash-generative professional services operating business (IPS) continuing to generate strong results.
- FY23 results for The Law Debenture Corporation (LWDB) show this well-proven, rare combination of a UK investment trust and the cash-generative professional services operating business (IPS) continuing to generate strong results.
- The results build on LWDB’s long-term record of outperformance versus the benchmark and peers and above average DPS growth.
- The LWDB prospective P/E is less than 10x and the portfolio yield is the highest since 2008, with much better cover.
- The investment managers see strong opportunities across the market but particularly in heavily sold domestic earners, especially among smaller stocks.