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Investment trust
LBOWICG-Longbow Senior Secured UK Property Debt Investments Limited
Managed by ICG Alternative Investment Ltd
Latest factsheet
31 Oct 2022
Net assets
£66.1m
vs asset value
18.0% discount
Holdings
5
The Company’s investment objective is now to conduct an orderly realisation of the assets of the Group.
18.0% discount — the shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 54.5 · asset value per share 66.45 (GBP)
Key facts
- Stock market ticker
- LBOW
- ISIN
- GG00B8C23S81
- Currency
- GBP
- Domiciled in
- Guernsey
- Launched
- 5 Feb 2013
- Market value of shares
- £66.1m
- Management fee
- 1.00%
What the manager said
At 31 October 2022 the investment portfolio comprised five loans. As at Quarter end or during the period: - Par value of the loan portfolio of £73.9 million (31 July 2022: £74.7 million) - NAV per share of 66.5 pence (31 July 2022: 66.4 pence) - Weighted average LTV of 69.1% (31 July 2022: 67.4%) following a revaluation of the Southport asset - The Company's share price of 54.50 pence per share showed an 18.0% discount to NAV at period end.
The Company's performance was largely stable during the quarter.
Source factsheets
| Date | Published by the trust |
|---|---|
| 31 Oct 2022 | View original factsheet ↗ |
| 31 Jul 2022 | View original factsheet ↗ |
| 30 Apr 2022 | View original factsheet ↗ |
| 31 Jan 2022 | View original factsheet ↗ |
| 31 Oct 2021 | View original factsheet ↗ |
| 31 Jul 2021 | View original factsheet ↗ |
| 30 Apr 2021 | View original factsheet ↗ |