Edison issues update on UIL

RNS Number : 1347N

UIL Limited

30 May 2022

 

London, UK, 30 May 2022

Edison issues update on UIL (UTL)

UIL Limited (UIL) is managed by Charles Jillings at deep-value investor ICM. He and his team employ a leveraged strategy, seeking undervalued specialist assets across the globe that can be held for the long term. The manager highlights what he considers to be the most important current macroeconomic headwinds: China's zero-COVID-19 policy and the war in Ukraine. However, he is confident that the management teams of UIL's investee businesses will be able to navigate these challenges and Jillings is bullish about UIL's longer-term prospects.

UIL trades on a wide discount (currently 29.7% based on its last published cum-income NAV); however, this is understated given that some of its platforms are also trading at a discount to the value of their underlying investments thus affording UIL's shareholders a 'double discount'. As an example, Utilico Emerging Markets (c 15% of the portfolio) is currently trading at a c 13.5% discount to its cum-income NAV. UIL pays regular quarterly dividends and the total annual distribution is fully covered by income. Based on its current share price, the company offers an attractive 3.7% dividend yield.

Click here to view the full report or here to sign up to receive research as it is published.

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 [phone] [e-mail]

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

LinkedIn  www.linkedin.com/company/edison-group-/

Twitter   www.twitter.com/Edison_Inv_Res

YouTube  www.youtube.com/edisonitv

 

END

 

 

NRAPPURGAUPPGCM