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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Schroders plc    SDR   GB0002405495

SCHRODERS PLC

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Schroders' : fund float to raise 250 million pounds for COVID hit companies

11/10/2020 | 02:47am EST

LONDON (Reuters) - Schroders said on Tuesday it aims to raise 250 million pounds by floating its new British Opportunities Trust fund next month that will inject equity into high growth companies hit by the coronavirus pandemic.

COVID-19 and other economic factors were having a dramatic effect on many companies in Britain, creating a "once in a generation" need for new equity, the company said.

Many companies have been kept afloat by state-backed loans since a lockdown in March tipped the economy into recession and there may not be full recovery until 2022.

Schroders said the money raised will be split between private and public investments.

Neil England, chair of Schroder British Opportunities Trust, said the pandemic has created investment opportunities in many established, high growth businesses that are currently "mispriced".

"Several of these companies have already been identified as candidates for early investment," England said.

The offer opens on Tuesday, with shares due to start trading on the London Stock Exchange on Dec. 1.

(Reporting by Huw Jones, editing by Sinead Cruise)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LONDON STOCK EXCHANGE PLC 0.66% 9204 Delayed Quote.1.40%
SCHRODERS PLC -0.64% 3423.98 Delayed Quote.3.27%
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Financials
Sales 2020 2 057 M 2 786 M 2 786 M
Net income 2020 476 M 645 M 645 M
Net cash 2020 3 148 M 4 264 M 4 264 M
P/E ratio 2020 20,3x
Yield 2020 3,32%
Capitalization 8 810 M 11 975 M 11 933 M
EV / Sales 2020 2,75x
EV / Sales 2021 2,72x
Nbr of Employees 5 673
Free-Float 61,4%
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Technical analysis trends SCHRODERS PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 3 078,77 GBX
Last Close Price 3 446,00 GBX
Spread / Highest target 19,0%
Spread / Average Target -10,7%
Spread / Lowest Target -33,3%
EPS Revisions
Managers and Directors
NameTitle
Peter Harrison Group CEO & Executive Director
Michael William Romsey Dobson Chairman
Richard Keers Chief Financial Officer & Executive Director
Ashley Lester Global Head-Research
Stewart Carmichael Chief Technology Officer
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