14
March 2025
UIL
LIMITED
(LEI
Number: 213800CTZ7TEIE7YM468)
Publication of monthly factsheet
The latest monthly factsheet for UIL
Limited ("UIL" or the "Company") will shortly be available through
the Company's website at:
https://www.uil.limited/investor-relations/factsheet-archive
Monthly commentary
PERFORMANCE
UIL's net asset value ("NAV") total
return declined by 8.3% in February underperforming the FTSE All
Share total return Index which increased by 1.3% over the
month.
In January, Donald Trump was
inaugurated as President of the United States and in China, a
little-known artificial intelligence ("AI") company, DeepSeek,
released a rival to ChatGPT to strong acclaim. The ramifications of
both these events dominated market sentiment in
February.
The US markets ended February weaker
with the NASDAQ Composite Index down by 4.0% and the S&P 500
Index down by 1.4% as Trump's statements seemed to become
increasingly erratic with increasing market concerns over the
potential impact of trade tariffs on the US economy and a resulting
increase in inflation. Europe's markets continued to firm with the
FTSE 100 Index up by 1.6% and the Eurostoxx Index up by 3.3% during
the month. In Australia, the ASX 200 Index declined by
4.2%.
Chinese investors had a renewed
enthusiasm for all things AI related, re-rating technology
mega-stocks Tencent and Alibaba, with the Hang Seng Index up 13.4%
in February. The MSCI Poland Index gained 6.6% on hopes of a
ceasefire between Russia and Ukraine. Political concerns,
especially in relation to a new sovereign wealth fund in Indonesia
resulted in a 11.8% drop in the Jakarta Stock Exchange Index and
India's markets continued to weaken with the SENSEX Index down
5.6%.
Metal prices generally firmed, with
gold moving up by 2.1% in the month and copper gained 5.5%. Brent
Crude oil was down by 4.7% for the month.
Sterling strengthened 1.3% against the
US Dollar, 1.4% against the Euro and 1.6% against the Australian
Dollar in February.
PORTFOLIO UPDATE
UIL's top ten holdings are disclosed
on a look through basis, taking into account the
underlying
investments of Somers Limited and Zeta
Resources Limited. Carebook Technologies replaced Alliance Nickel
in the top ten, after Carebook Technologies was taken private by
UIL during the month.
Resimac remains the largest holding on
a look through basis, and its share price declined by 9.8% during
the month after H1 25 results showed an increase in loan impairment
provisions.
ORDINARY SHARES
The share price of the ordinary shares
was unchanged at 116.50p in February. UIL bought back 88,069 shares
during the month at an average price of 114.96p.
A second quarterly interim dividend of
2.00p per ordinary share in respect of the year ending 30 June
2025, was declared and will be paid on 25 April 2025 to
shareholders on the register on 28 March 2025.
ZDP
SHARES
The share price of the 2026 ZDP shares
was up by 0.8% to 131.50p whilst the 2028 ZDP shares decreased by
0.5% during the month.
Name
of contact and telephone number for enquiries:
Charles Jillings
ICM Investment Management
Limited
+44(0)1372 271486
