Overview
ICG Longbow Senior Secured UK Property Debt Investment is a Guernsey domiciled, closed-ended, premium listed investment company on the London Stock Exchange. The objective of the company is to construct a portfolio of UK real estate debt related investments predominantly comprising loans secured by first ranking fixed charges against Commercial Property investments, with the aim of providing Shareholders with attractive, quarterly dividends, capital preservation and, over the longer term, a degree of capital appreciation.
The company’s senior loan investment strategy is implemented through its investment advisor ICG-Longbow, the real estate debt division of Intermediate Capital Group plc.
You can access the fund’s website here
Fundamentals
Price
Research History
-
07 Oct 2019 8 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
-
08 May 2019 6 min read
QuotedData’s economic roundup – May 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
-
13 Nov 2018 2 min read
QuotedData’s economic roundup – November 2018
QuotedData’s economic roundup – November 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
-
25 Apr 2018 2 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
-
18 Apr 2018 1 min read
QuotedData’s investment companies roundup – April 2018
QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]
-
10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
-
12 Oct 2017 2 min read
QuotedData’s economic round up – October 2017
QuotedData’s economic round up – October 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
-
14 Feb 2017 1 min read
QuotedData’s round up of views on the global economy – February 2017
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. Kindly sponsored by Martin Currie. February Economic and Political Roundup
-
1 min read
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
-
08 Nov 2016 1 min read
QuotedData’s round up of views on the global economy – November 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. november-economic-and-political-roundup
News
-
14 Jan 2021 2 min read
ICG Longbow wind down approved
ICG Longbow wind down approved – ICG Longbow Senior Secured UK Property Debt Investments has published the results of its extraordinary general meeting, which was held today. Shareholders approved the new investment objective and the new investment policy and the manager will now pursue a strategy of orderly realisation and the return of capital over time to […]
-
03 Nov 2020 2 min read
ICG Longbow headed for the exit
ICG Longbow headed for the exit – ICG-Longbow Senior Secured UK Property Debt Investments’ board has decided to recommend to shareholders that the investment objective and policy of the company are amended so that it can pursue a strategy of orderly realisation and the return of capital over time to shareholders. The board says that “the […]
-
28 Sep 2020 3 min read
ICG-Longbow Senior Secured UK Property Debt Investments displays resilience
The UK real estate debt investor ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) has reported interim results for the six months to 31 July 2020. At the period-end, the NAV amounted to £119.2m, which compares with £119.1m as at 31 January 2020. Some of the key developments from the period include: No losses incurred or impairment […]
-
09 Sep 2020 3 min read
QuotedData’s morning briefing 9 September 2020
In QuotedData’s morning briefing 9 September 2020: Trian Investors (TI1), which was set up to invest in a single stock and engage with stakeholders to improve the stock’s value, made its move in July 2019 by acquiring a stake in Ferguson. Ferguson is a leading distributor of plumbing and heating products in North America, as well […]
-
17 Aug 2020 2 min read
QuotedData’s morning briefing 17 August 2020
In QuotedData’s morning briefing 17 August 2020: Following on from the news on 14 August that 2020 that UK Mortgages (UKML) had rejected M&G’s revised offer (we wrote about this here) of 70p per share, UKML’s board noted the following: “The board continues to believe that M&G Investment Management’s proposals undervalued the company and its […]
-
23 Jul 2020 1 min read
ICG Longbow finances St James’s office
ICG Longbow finances St James’s office – ICG Longbow has provided a new £16.9m loan facility to a vehicle managed by GMG Real Estate, to help it buy an office property in St James’s, which leased to a UK Government agency. The company’s £16.9m forms part of a £22.3m facility, with the balance of the money […]
-
03 Jul 2020 3 min read
QuotedData’s morning briefing 3 July 2020
In QuotedData’s morning briefing 3 July 2020: Octopus Renewables (ORIT) has provided an update on its progress in deploying the proceeds of its IPO in December 2019. In summary, it has a pipeline of approximately £1.7bn. This includes 333MW of operational and construction ready solar PV projects and construction ready onshore wind projects, located in the […]
-
07 May 2020 3 min read
ICG Longbow looks forward to covered dividend
ICG Longbow looks forward to covered dividend – ICG Longbow Senior Secured UK Property Debt’s NAV fell slightly to 98.2p over the year ended 31 January 2020. The shares were trading at a modest premium to that at the year end, at 99p. The dividend was maintained at 6p. Earnings per share were 5.04p (up from […]
-
10 Mar 2020 1 min read
QuotedData’s other news 10 March 2020
In QuotedData’s other news 10 March 2020 – ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) said that its £21.5m Pentavia loan has been repaid in full, following successful completion of the business plan and a sale of the underlying property securing the loan. The proceeds of the repayment will be applied to repay the £5.2m outstanding […]
-
09 Sep 2019 1 min read
ICG-Longbow announces loan to bungalow housing company RoyalLife
ICG-Longbow announces loan to bungalow housing company RoyalLife – ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) has entered into a new £24.6m loan commitment to an affiliate of RoyaleLife, a UK-based provider of bungalow homes. The trust is participating in a larger £142.7m loan facility alongside two other funds managed by the manager. The loan […]
-
24 Apr 2019 2 min read
QuotedData’s other news – 24 April 2019
QuotedData’s other news – 24 April 2019 The board of JPMorgan Russian Securities (JRS) announced this morning that Gill Nott has joined the board of directors as chairman of the US Solar Fund (USF), which commenced trading on the main market of the London Stock Exchange on 16th April 2019 Elsewhere, Henderson International Income (HINT) […]
-
2 min read
ICG-Longbow Senior Secured UK Property Debt Investments reports annuals
ICG-Longbow Senior Secured UK Property Debt Investments reports annuals – The UK real estate debt investor ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) has reported annual results this morning for the 12m period to January 31, 2019. Key portfolio figures £107,221,546 invested in 9 loans as at 31 January 2019 £121,271,423 invested in 10 loans […]
-
05 Mar 2018 2 min read
ICG Longbow lends against Bristol office block
ICG Longbow lends against Bristol office block – ICG-Longbow Senior Secured UK Property Debt Investments has completed a new GBP16.2 million loan facility to an affiliate of Affinity Global Real Estate. The loan, which is secured by a first mortgage over a multi-let office property in Bristol, comprises an initial advance of GBP14.2 million, at an […]
-
29 Jan 2018 2 min read
ICG Longbow updates on loan portfolio
ICG Longbow updates on loan portfolio – ICG Longbow is pleased to announce that it has agreed to fund an increase and extension to an existing loan secured by a North London retail park (the “Meadow Loan”). The increase, which takes the aggregate loan to GBP20 million, is on substantially the same terms and conditions […]
-
18 Oct 2017 1 min read
Longbow makes loans against Kingston property
Longbow makes loans against Kingston property – ICG Longbow has completed a new loan to a privately-held property company with an aggregate value of GBP9.0 million. The ‘Quattro Loan’, which matures in January 2021, carries an initial LTV ratio of 83.7% and is secured by first ranking charges against a portfolio of three mixed-use properties […]
-
27 Apr 2017 2 min read
ICG Longbow looks to future after bumper year for loan repayments
Over the year ended 31 January 2017, ICG Longbow’s NAV increased from 100.18 pence per share to 103.80 pence. The main reason for this was a significant increase in revenue to GBP12.33 million (31 January 2016: GBP8.36 million) as exit and prepayment fees were earned on three loan repayments. Earnings per share of 9.62 pence were significantly […]
-
28 Mar 2017 1 min read
ICG Longbow says Lanos loan repaid in full
ICG Longbow says that the borrower under the Group’s Lanos (York) loan has completed a refinancing of the property which provided security for the Group’s loan. As a result, the GBP10 million loan has been repaid in full, together with accrued interest, exit and prepayment fees of approximately GBP1.1 million in aggregate. The Investment Manager […]
-
01 Feb 2017 1 min read
Longbow deploys uninvested cash
ICG Longbow Senior Secured has redeployed its uninvested cash through the completion of a new GBP16.0 million loan to clients of BMO Real Estate Partners on 31 January 2017. The loan has a maturity date of April 2019 and is fully compliant with existing investment parameters as set out in the original Prospectus. The LTV of the loan […]
-
11 Jan 2017 3 min read
ICG-Longbow proposes changes to investment policy, a placing programme for 40m shares and five-yearly continuation votes
ICG-Longbow UK Senior Secured UK Property Debt Investments (ICG-Longbow) has announced proposals proposals for a change in investment objective and policy, a placing programme for 40m shares and the continuation vote. The company says that, over the coming 24 months, the majority of its current loans become due for repayment and, given the material changes […]
-
14 Oct 2016 3 min read
ICG Longbow strategy review progressing
ICG Longbow has announced results for the six-month period ending 31 July 2016. The NAV increased to GBP111.1 million whilst the NAV per share has increased by 2.48 pence per share to 102.66 pence per share. The shares traded in a range of 99 pence per share to 104 pence per share finishing at a small […]
-
27 Apr 2016 3 min read
ICG-Longbow performs as expected
ICG-Longbow Senior Secured UK Property Debt Investments has announced its annual results for the year ended 31 January 2016. In terms of income, the company says that revenue for the year fell slightly to £8.4m (31 January 2015: £9.2m) as the exit and prepayment fees earned in the prior year were not repeated given the […]
-
17 Mar 2016 1 min read
ICG Longbow lends against Lancashire industrial estates
After the repayment of the Mansion loan, as notified on 8 March 2016, the ICG Longbow has redeployed the proceeds through the completion of a new £22.4m loan to Commercial Regional Space Limited and affiliates on 16 March 2016. The loan has a maturity date of April 2019 and represents 19.96% of the Company’s gross assets […]
-
08 Mar 2016 1 min read
Longbow sees student loan repaid
ICG Longbow Senior Secured UK Property Debt Investments says the borrower under the Company’s Mansion loan has now completed the disposal of the two student accommodation properties which provided security for the Company’s loan. As a result of this disposal the £18.07m loan has been repaid in full, together with exit and prepayment fees of […]
-
24 Sep 2015 1 min read
ICG Longbow performing according to expectations
ICG Longbow has published its interim report covering the six months ended 31 July 2015. They say that over the period the NAV increased modestly to 100.12p. The shares traded in a range of 101.25p to 106.25p, they are currently 106p, maintaining a small premium to NAV throughout. The Company paid a first interim dividend of 1.5p for the […]
-
23 Apr 2015 1 min read
ICG Longbow may get boost from early repayments
ICG Longbow results for the year ended 31 January 2015 show that the net asset value rose from 98.79p to 99.99p and the company declared dividends totalling 6p per share. The shares were trading at 105p at the year end. As at 31 January 2015 the Group’s loan portfolio had a weighted average unexpired term […]
-
24 Sep 2014 1 min read
ICG Longbow fully invested and on track
LBOW : ICG Longbow fully invested and on track ICG Longbow has deployed all the money it raised and is generating sufficient income to pay the 1.5p per quarter dividend it promised investors. A little money has been repaid early and the company says it is looking to redeploy this capital but it cautions that […]
-
28 Apr 2014 1 min read
ICG Longbow : LBOW – results
ICG Longbow has released its first set of results, for the period ended 31 January 2014. At that stage the company had made eight investments, was 85% invested and the NAV per share was 98.79p. The earnings for the period were 1.29p per share – lower than anticipated at the time of the IPO – this […]
-
17 Apr 2014 1 min read
ICG Longbow : LBOW – new loan and fund raising
ICG Longbow has made its tenth loan – £8m to Quay Hotels, secured against the Ramada Encore Hotel in Gateshead. With the deal concluded ICG Longbow would have invested slightly more than all the proceeds of its original issue. It has today issued 3.6m shares at 102p per share to cover the shortfall. Following the […]
-
17 Mar 2014 1 min read
ICG Longbow : LBOW – new deal
ICG Longbow has committed to its ninth transaction, a £10.00 million loan to Lanos (York) Limited, secured against the Best Western York Monkbar Hotel, which is located close to the city centre of York. The loan will allow this 99 bed hotel to be refurbished and extended by 27 beds. The loan has a maturity date of 31 December 2018 […]
-
11 Dec 2013 1 min read
ICG Longbow : LBOW
In its eighth deal, LBOW lends £13.25m against a London based portfolio of high street retail and residential properties. LBOW now 85.1% invested with an average coupon of 7.28% per annum and an average yield to maturity of 8.29%.
-
09 Dec 2013 1 min read
ICG Longbow Senior Secured : LBOW
LBOW has made two further loans. One, to Halcyon Nominees for £8.6m, refinances 21 commercial freeholds. The other, to Carrara Nominees for £1.3m, refinances the ground rent on a freehold office property in the North of the UKBOW has now committed 72.2% of its capital.
