Proactive Investors - Run By Investors For Investors

RM Secured Direct maintains defensive stance as world economy slows

"Late-stage lending can be advantageous for the company as lending rates can rise"
World economy is slowing, believes RM

Specialist debt trust RM Secured Lending PLC (LON:RMDL) is shifting its investment stance more towards non-cyclical sectors as it believes the world economy is slowing.

“Looking ahead into Q1 2019, the investment manager expects volatility to remain elevated and with investors focusing their attention on the macro-economic data, credit and equity markets will remain generally weak.

READ: RM Secured Direct Lending says all cash available for investment deployed during month of December

“Poor industrial production figures across Europe, released in January 2019, reinforced the widely held view that the global economy is slowing.

"Late-stage lending can be advantageous for the company as lending rates can rise, however, caution is warranted as these areas can still be affected by asset price declines."

Net asset value or NAV at the end of December was 96.98p or 1.22p lower than the end of November.

During the quarter there was one significant repayment (Exterion Media) one refinancing (Children’s Nurseries) and new investments in property bridging (3); receivables financing; Praetura Asset Finance and in a hostel property in Glasgow.

Shares are trading at 101.5p.

View full RMDL profile View Profile

RM Secured Direct Lending Timeline

Related Articles

July 08 2019
Analysts at Hardman & Co Research said RM offers investors predictable revenue streams and a high dividend yield
February 28 2019
Investment company Adamas, under Harmony Capital’s management, is focused on opportunities in the SME sector
Cash and cards
June 27 2019
“With a series of new products set to launch in the second half of the year, which will strengthen our position in the SME money management space, it's a truly exciting time for us and our customers to be moving forward as Equals," said CEO Ian Strafford-Taylor

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use