18. Bull, Bear & Beyond – UIL in 60 seconds

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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About ‘Bull, Bear & Beyond’

Bull, Bear & Beyond': features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.

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Original interview published on 05/11/2024 and reposted as a podcast