The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPC.L Regulatory News (WPC)

  • There is currently no data for WPC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Edison reviews Witan Pacific Investment Trst (WPC)

30 Apr 2019 14:53

RNS Number : 6089X
Witan Pacific Investment Trust PLC
30 April 2019
 

 

London, UK, 30 April 2019

Edison issues review on Witan Pacific Investment Trust (WPC)

Witan Pacific Investment Trust (WPC) employs a multi-manager strategy, offering investors broad exposure to pan-Asian equities. The board recently announced a renewed commitment to improving the trust's investment performance. If WPC's NAV total return lags its benchmark over the period from 31 January 2019 to 31 January 2021, the board will put forward proposals that include a full cash exit at close to NAV. As a result, shareholders should enjoy NAV performance ahead of the benchmark or share price outperformance versus NAV as the discount is closed. In its recently released FY19 results, WPC proposed a meaningful 27.3% increase in its annual dividend; the fully covered 7.0p distribution, to be approved at the June 2019 AGM, equates to a 2.1% yield.

 

WPC's current 11.0% share price discount to cum-income NAV is narrower than the historical average discounts (range of 13.5% to 14.5%) over the last one, three, five and 10 years. There is potential for the discount to narrow further given the board's commitment to share buybacks and returning capital if the company does not outperform. Based on the proposed higher dividend for FY19, the trust offers a 2.1% dividend yield.

Click here to view the full report.

 

Subscribe to Edison's content to receive reports by email.

All reports published by Edison are free-to-access and available on the website.

 

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, +44 (0)20 3077 5720

Gavin Wood, +44 (0)20 3681 2503

investmenttrusts@edisongroup.com

 

Learn more at Edisongroup.com and connect with Edison on:

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

Twitter www.twitter.com/Edison_Inv_Res 

YouTube www.youtube.com/edisonitv 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRAIMMJTMBAJBBL
Date   Source Headline
29th Aug 20195:13 pmRNSTransaction in Own Shares
29th Aug 201912:36 pmRNSNet Asset Value(s)
28th Aug 20195:23 pmRNSTransaction in Own Shares
28th Aug 201911:05 amRNSNet Asset Value(s)
27th Aug 201912:16 pmRNSNet Asset Value(s)
23rd Aug 201910:53 amRNSNet Asset Value(s)
22nd Aug 20195:31 pmRNSTransaction in Own Shares
22nd Aug 201911:30 amRNSNet Asset Value(s)
21st Aug 201912:33 pmRNSNet Asset Value(s)
20th Aug 20195:20 pmRNSTransaction in Own Shares
20th Aug 201911:56 amRNSNet Asset Value(s)
19th Aug 20195:05 pmRNSTransaction in Own Shares
19th Aug 201912:58 pmRNSNet Asset Value(s)
16th Aug 20195:10 pmRNSTransaction in Own Shares
16th Aug 201911:55 amRNSNet Asset Value(s)
15th Aug 201911:51 amRNSNet Asset Value(s)
14th Aug 20195:28 pmRNSTransaction in Own Shares
14th Aug 201912:12 pmRNSNet Asset Value(s)
13th Aug 20191:01 pmRNSNet Asset Value(s)
12th Aug 20194:42 pmRNSHolding(s) in Company
12th Aug 201912:48 pmRNSNet Asset Value(s)
9th Aug 20195:34 pmRNSTransaction in Own Shares
9th Aug 20192:25 pmRNSMonthly Factsheet
9th Aug 201911:11 amRNSNet Asset Value(s)
8th Aug 201912:01 pmRNSNet Asset Value(s)
7th Aug 20195:28 pmRNSTransaction in Own Shares
7th Aug 201910:55 amRNSPortfolio Listing as at 30 April 2019
7th Aug 201910:48 amRNSNet Asset Value(s)
6th Aug 20195:55 pmRNSTransaction in Own Shares
6th Aug 201911:54 amRNSNet Asset Value(s)
5th Aug 20195:28 pmRNSTransaction in Own Shares
5th Aug 201911:06 amRNSNet Asset Value(s)
2nd Aug 20195:37 pmRNSTransaction in Own Shares
2nd Aug 201912:55 pmRNSNet Asset Value(s)
1st Aug 20194:19 pmRNSTotal Voting Rights
1st Aug 201911:40 amRNSNet Asset Value(s)
31st Jul 201912:09 pmRNSNet Asset Value(s)
30th Jul 20195:42 pmRNSTransaction in Own Shares
30th Jul 201912:31 pmRNSNet Asset Value(s)
29th Jul 201912:01 pmRNSNet Asset Value(s)
26th Jul 20195:29 pmRNSTransaction in Own Shares
26th Jul 201912:51 pmRNSNet Asset Value(s)
25th Jul 20195:47 pmRNSTransaction in Own Shares
25th Jul 20191:04 pmRNSNet Asset Value(s)
24th Jul 20193:04 pmRNSNet Asset Value(s)
23rd Jul 201912:23 pmRNSNet Asset Value(s)
22nd Jul 20195:48 pmRNSTransaction in Own Shares
22nd Jul 201912:09 pmRNSNet Asset Value(s)
19th Jul 20195:44 pmRNSTransaction in Own Shares
19th Jul 201911:47 amRNSNet Asset Value(s)

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.