UIL Limited Edison issues review on UIL (UTL)
10 Março 2023 - 4:15AM
RNS Non-Regulatory
TIDMUTL
UIL Limited
10 March 2023
London, UK, 10 March 2023
Edison issues review on UIL (UTL)
UIL Limited (UIL) is managed by Charles Jillings at deep-value
investor ICM. The portfolio reflects his three medium-term views:
the world's financial markets are over indebted; technological
change offers strong investment upside; and emerging markets offer
better GDP growth opportunities than developed markets. Despite a
difficult macroeconomic backdrop, characterised by the war in
Ukraine and central banks raising interest rates to combat higher
inflation, the manager has a high degree of confidence in the
prospects for UIL's investee companies. He believes that they are
well placed to trade through the current uncertain period and
emerge the other side as even stronger businesses.
UIL's headline share price discount to cum-income net asset
value (NAV) of 37.3% does not tell the whole story, as some of its
platform companies are also trading at a discount, thereby
affording UIL's shareholders a 'double discount'. For example, at
end-February 2023, Zeta Resources (15.1% of the fund) was trading
at a 24.6% discount to net tangible assets and Utilico Emerging
Markets Trust (12.2% of the fund) was trading at a 13.7% discount
to NAV.
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All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: E dison is a leading research and investor
relations consultancy, connecting listed companies to the widest
pool of global investors. By focusing on the volume and quality of
investors reached - across institutions, family offices, wealth
managers and retail investors - Edison can create and gauge intent
to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual
meetings.
Having been the first in-market 17 years ago, Edison now has
more than 100 analysts covering every economic sector.
Headquartered in London, Edison also has offices in New York,
Frankfurt, Amsterdam and Tel Aviv and a presence in Athens,
Johannesburg and Sydney.
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 5700
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
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March 10, 2023 02:15 ET (07:15 GMT)
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