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    Dar Global

    MCap

    USD1,486m

    Last close

    USD8.25

    ▲ −0.25 (−2.94%)

    Theon International

    MCap

    EUR875m

    Last close

    EUR12.50

    ▲ 1.44 (13.02%)

    Metals One

    MCap

    GBP2m

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    GBP0.00

    ▲ 0.04 (8.89%)

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UIL in 60 seconds

UIL in 60 seconds

UIL — 1 video in collection

More on this equity

Edison’s investment companies team recently published a UIL review. In early October, the company announced plans to go private after the redemption of its 2028 zero dividend preference shares. UIL’s board has decided that despite the company holding some potentially exciting opportunities including the recently merged Waverton Investment Management and London & Capital, disappointing performance, a limited free float and low liquidity means there is insufficient scale to build a sufficiently diversified portfolio. Also, UIL’s broad investment mandate is not in favour with investors. Simplification of the company’s platform structures has already started as Zeta Resources is now wholly owned by UIL. Importantly, the regular 8p per share annual dividend will continue to be paid while UIL remains listed.

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