LAW DEBENTURE CORP ORD GBP0.05
Symbol: LWDB
Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.
Invest in this share within an ISA, JISA, SIPP or Investment Account
Past Performance
- 13th Mar 2020 to 13th Mar 202140.08%
- 13th Mar 2021 to 13th Mar 202212.28%
- 13th Mar 2022 to 13th Mar 202310.76%
- 13th Mar 2023 to 13th Mar 2024-0.81%
- 13th Mar 2024 to 13th Mar 202516.95%
Key Information
| Benchmark | N/A |
| Sector | IT UK Equity Income |
| Gearing | 113% |
| Ex-Dividend Date | 20 Mar 2025 |
| Dividend Pay Date | 16 Apr 2025 |
| Total Dividends - Year to Date | 33.13 |
| Dividend Yield (%) | 3.7183 |
Net Asset Value (Nav)
| Latest actual NAV | 875.27 |
| Latest actual NAV date | 11/03/2025 |
| NAV frequency | Weekly |
| Premium/Discount | 1.8% |
Charges
|
Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
0.58% |
| Performance Fee | 0% |
| AMC | 0.30% |
|
Our Platform Charge
We charge a platform fee of 0.30% per annum on the value of all stocks & shares held across all accounts, minimum £50 and maximum £600 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . |
0.30% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here |
0.30% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
0.58% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Company
Business Summary
The Law Debenture Corporation p.l.c. is a United Kingdom-based investment trust. The Company is a provider of independent professional services. The Company’s objective is to achieve long-term capital growth in real terms and steadily increasing income. The Company invests in a diversified portfolio of stocks and ownership of the IPS business. Its independent professional services include pension trustee executives, outsourced pension services, corporate trust services and corporate services to companies, agencies, organizations and individuals throughout the world. The services are provided through offices in the United Kingdom, Dublin, New York, Delaware, Hong Kong, the Channel Islands and the Cayman Islands. The Company invests in various sectors, including oil and gas, basic materials, industrials, consumer goods, health care, consumer services, telecommunications, financials, technology and others. The Company’s investment portfolio manager is Janus Henderson Global Investors.
Financial Summary
BRIEF: For the six months ended 30 June 2024, Law Debenture Corporation plc revenues increased from £44M to £112M. Net income increased from £16.5M to £82M. Revenues reflect Independent professional services segment increase of 11% to £30.2M, Investment Trust segment increase of 4% to £20.4M. Dividend per share increased from £0.15 to £0.16. Basic Earnings per Share excluding Extraordinary Items increased from £0.13 to £0.63.
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| -2.30% | -0.76% | 2.51% | 16.95% | 28.48% | 102.09% |
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
311,947 bytes PDF Document; last updated 29 Nov 2024
86,113 bytes PDF Document; last updated 20 Mar 2024
6,970,199 bytes PDF Document; last updated 31 Dec 2023
1,309,164 bytes PDF Document; last updated 30 Jun 2024
Management Team
Laura Foll James Henderson
Laura Foll
has managed this fund for 5 years and 7 months.
Laura Foll is a Portfolio Manager on the Global Equity Income Team at Janus Henderson Investors, a position she has held since 2014. Laura joined Henderson in 2009 as part of the graduate scheme. She was subsequently named a global analyst and later an assistant fund manager for the Global Equity Income Team. Laura graduated with a BSc degree (Hons) in economics and economic history from the London School of Economics. She holds the Chartered Financial Analyst designation and has 13 years of financial industry experience.
Manager Cumulative Performance v Peer Group
Other investment trusts managed by
Laura
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| LwldIvmtCo Ord 2.5P | Co | Nov 2016 |
James Henderson
has managed this fund for 21 years and 9 months.
James Henderson is Director of UK Investment Trusts and a Portfolio Manager at Janus Henderson Investors, a position he has held since 2003. He joined Henderson in 1983 as a trainee fund manager and has successfully managed a number of investment trusts since 1990. Prior to this, he was an accountant trainee at Binder Hamlyn. James graduated with an MA (Hons) in economics from Cambridge University. He has 40 years of financial industry experience.
Manager Cumulative Performance v Peer Group
Other investment trusts managed by
James
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| LwldIvmtCo Ord 2.5P | Co | Jan 1990 |
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
|---|---|---|---|---|---|---|
| Total Revenue | 133.36 | -33.76 | 197.49 | 40.79 | 166.77 | -27.19 |
| Gross profit | 124.52 | -42.74 | 188.89 | 35.94 | 161.23 | -33.01 |
| Operating Profit/Loss | 83.32 | -78.41 | 155.32 | 9.41 | 136.64 | -53.86 |
| Profit Before Tax | 76.78 | -84.96 | 150.04 | 4.13 | 131.36 | -58.48 |
| Profit After Tax | 75.15 | -86.35 | 148.83 | 2.95 | 129.94 | -59.79 |
| Equity Holders of Parent Company | 75.15 | -86.35 | 148.83 | 2.95 | 129.94 | -59.79 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 1,001.10 | 927.69 | 1,029.06 | 822.10 | 828.17 | 667.34 |
| Total Current Assets | 61.54 | 76.44 | 62.96 | 64.42 | 84.89 | 136.84 |
| Total Assets | 1,062.64 | 1,004.13 | 1,092.02 | 886.52 | 913.06 | 804.18 |
| Total Liabilities | 208.41 | 205.07 | 213.18 | 159.53 | 137.79 | 134.82 |
| Total Net Assets | 854.23 | 799.07 | 878.84 | 726.99 | 775.27 | 669.36 |
| Shareholders Funds | 854.23 | 799.07 | 878.84 | 726.99 | 775.27 | 669.36 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 854.23 | 799.07 | 878.84 | 726.99 | 775.27 | 669.36 |