- Law Debenture (LWDB) published its results for the half-year ended 30 June 2023. NAV total return for H1 2023 delivered a modest outperformance of 4.0% compared to its benchmark, the FTSE All-Share Index, which returned 2.6%. The company’s profit before tax was up by 8.5% and valuation up 4.4% to £210m (compared to 30 December 2022). The company has also issued 2 million new ordinary shares since February 2023 at a premium to NAV with net proceeds of £16.6m to support ongoing investment.
We also have updates from GCP Infrastructure, Alliance Trust and Home REIT