Edison review on Standard Life UK Smaller Co's

RNS Number : 7202L

Standard Life UK Small.Co's Tst PLC

01 May 2020

 

London, UK, 1 May 2020

Edison issues review on Standard Life UK Smaller Companies (SLS)

Standard Life UK Smaller Companies (SLS) is managed by Harry Nimmo at Aberdeen Standard Investments (ASI). He has a long-term record of meaningful outperformance versus the trust's benchmark. The manager has a clearly defined investment process, focusing on quality, growth and momentum, and uses a proprietary screening tool known as the Matrix to sift the investible universe of c 500 companies. Nimmo retains his disciplined approach regardless of the macro background; he says this has served him well across several market cycles. SLS's board has a progressive dividend policy and aims for a maximum 8% discount in normal market conditions.

SLS is currently trading at a 2.7% discount to cum-income NAV. This compares with the 6.0%, 5.6%, 5.9% and 4.6% average discounts over the last one, three, five and 10 years respectively. The FY19 annual dividend of 7.70p per share was 10% higher year-on-year, which was the largest increase in the last three years. SLS currently offers a 1.8% dividend yield, although it should be noted that c 60% of the trust's holdings have either suspended or deferred their dividends in recent weeks.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison:   Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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, [phone]

Sarah Godfrey, [phone]

[e-mail]

Learn more at   www.edisongroup.com and connect with Edison on: 

LinkedIn  https://www.linkedin.com/company/edison-investment-research  

Twitter   www.twitter.com/Edison_Inv_Res  

YouTube  www.youtube.com/edisonitv  

 

END

 

 

NRABUGDUGXGDGGB