Law Debenture Corp. (LWDB)

Sector:

Investment Firms

Index:

FTSE 250

883.00p
   
  • Change Today:
      11.00p
  • 52 Week High: 917.00
  • 52 Week Low: 754.00
  • Currency: UK Pounds
  • Shares Issued: 132.59m
  • Volume: 144,176
  • Market Cap: £1,170.80m
  • RiskGrade: 140
  • Beta: 1.16

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Q1 Dividend7.62p7.25p6.88p6.50pn/a
Q2 Dividend7.62p7.25p6.88p6.50pn/a
Q3 Dividend7.62p7.25p6.88p6.50pn/a
Q4 Dividendn/an/an/an/an/a
Total Dividend32.00p30.50p29.00p27.50p26.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 94.61 89.03 76.32 57.14 66.74
Operating Profit/(Loss) 46.65 46.29 36.61 27.98 38.99
Net Interest (1.63) (1.64) (1.32) (1.32) (1.32)
Profit Before Tax 45.01 44.65 35.29 26.66 37.67
Profit After Tax 43.39 43.26 34.08 25.48 36.26
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 43.39 43.26 34.08 25.48 36.26
Attributable to:          
Equity Holders of Parent Company 43.39 43.26 34.08 25.48 36.26
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 33.43p 34.44p 28.09p 21.56p 30.68p
Earnings per Share - Diluted 33.41p 34.42p 28.08p 21.56p 30.67p
Earnings per Share - Adjusted 33.43p 34.44p 28.09p 21.56p 30.68p
Continuing and Discontinued EPS          
Earnings per Share - Basic 33.43p 34.44p 28.09p 21.56p 30.68p
Earnings per Share - Diluted 33.41p 34.42p 28.08p 21.56p 30.67p
Earnings per Share - Adjusted 33.43p 34.44p 28.09p 21.56p 30.68p
           
Dividend per Share 32.00p 30.50p 29.00p 27.50p 26.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 6.40 6.84 7.52 6.50 1.12
Intangible Assets 22.04 22.45 22.49 2.53 2.03
Investment Properties n/a n/a n/a n/a n/a
Investments 965.23 891.01 992.48 812.30 822.32
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 7.44 7.40 6.58 0.77 2.70
  1,001.10 927.69 1,029.06 822.10 828.17
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 21.50 21.44 20.47 16.13 7.21
Cash at Bank & in Hand 31.44 49.56 35.88 41.76 71.24
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 8.60 5.44 6.61 6.53 6.44
  61.54 76.44 62.96 64.42 84.89
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,062.64 1,004.13 1,092.02 886.52 913.06
           
Liabilities          
Current Liabilities          
Borrowings 1.02 0.99 0.29 n/a 0.73
Other Current Liabilities 34.59 29.19 37.42 32.87 19.97
  35.62 30.18 37.70 32.87 20.70
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 168.60 169.57 170.36 119.81 114.51
Provisions 1.79 1.34 1.06 n/a 0.12
Other Non-Current Liabilities 2.40 3.98 4.05 6.85 2.46
  172.80 174.89 175.48 126.66 117.09
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 208.41 205.07 213.18 159.53 137.79
           
Net Assets 854.23 799.07 878.84 726.99 775.27
           
Capital & Reserves          
Share Capital 6.56 6.41 6.14 5.92 5.92
Share Premium Account 107.11 83.02 41.87 9.28 9.15
Other Reserves 693.02 662.25 788.87 675.14 697.69
Retained Earnings 47.54 47.39 41.96 36.65 62.51
Shareholders Funds 854.23 799.07 878.84 726.99 775.27
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 854.23 799.07 878.84 726.99 775.27
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 44.23 38.78 31.67 31.82 37.37
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (36.57) (25.71) (78.94) (8.58) (60.26)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (24.90) (2.71) 40.49 (52.51) (29.62)
Net Increase/Decrease In Cash (17.24) 10.36 (6.80) (29.27) (52.52)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 24.0 22.4 28.4 32.0 21.2
PEG - Adjusted n/a 1.0 0.9 n/a 0.5
Earnings per Share Growth - Adjusted -3% 23% 30% -30% 44%
Dividend Cover 1.04 1.13 0.97 0.78 1.18
Revenue per Share 72.90p 70.87p 0.64p 48.36p 56.47p
Pre-Tax Profit per Share 34.68p 35.54p 0.29p 22.56p 31.88p
Operating Margin 49.31% 51.99% 47.96% 48.96% 58.42%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 24.0 22.4 2,817.9 32.0 21.2
PEG - Adjusted n/a 0.0 n/a n/a 0.5
Earnings per Share Growth - Adjusted -3% 12,046% -99% -30% 44%
Dividend Cover 1.04 1.13 0.01 0.78 1.18
           
Dividend Yield 4.0% 4.0% 3.6% 4.0% 4.0%
Dividend per Share Growth 4.92% 5.17% 5.45% 5.77% 37.57%
Operating Cash Flow per Share 34.08p 30.87p 26.10p 26.93p 31.62p
Cash Incr/Decr per Share (13.28p) 8.24p (0.057p) (24.77p) (44.44p)
Net Asset Value per Share (exc. Intangibles) 641.20p 618.18p 705.92p 613.06p 654.28p
Net Gearing 16.18% 15.14% 15.33% 10.74% 5.68%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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