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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Carador Income Fund Plc | LSE:CIFU | London | Ordinary Share | IE00BL8C5Z40 | ORD NPV (USD) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.18 | 0.13 | 0.23 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/3/2014 10:44 | Tetragon asset value and dividends give +14% increase over last 12 months (Jan 2013-Jan 2014). Trading at a significant discount to net asset value (30%+) and around 5% yield. Recent share repurchase will give some incremental asset value uplift in March figures. | flying pig | |
21/3/2014 16:08 | Skyship - I asked to be put on their distribution list. Feb NAV not out yet as far as I'm aware but must be imminent - usually 3rd week of the month. | dendria | |
21/3/2014 13:25 | Dendria - do you mind telling me where you pick up the RNSs from VTA.AS - especially those NAV statements. The share price appears to have broken out of a one year sideways move - now E6.75. Have they announced the February NAV performance yet? | skyship | |
22/2/2014 07:54 | VTA doing well: Jan 14 GAV was 274.3m (7.56 per share) - an increase of 0.20 per share from Dec 2013 (+2.8% monthly performance). VTA is still on a discount of around 14% with a yield of around 10%. | dendria | |
21/2/2014 15:40 | Latest analyst comments: N+1 Singer, 21 February 2014, "Carador Income Fund - Valuations Stable, Cashflows Higher - Corporate " Solid Start - The improvement in cashflows, whilst expected is welcome for the coverage of the newly established stable dividend policy. Any additional retained earnings and cashflows will add to NAV over the course of the year. The double digit yield and quality active management remain the key attractions. Liberum Capital, 21 February 2014, "Carador Income Fund - January NAV update" CLO valuations have marginally softened since the end of January as a result of negative global macro sentiment, however, the high level of portfolio activity during the month helped drive a positive NAV return and we now look to see further reinvestment of the proceeds in the coming months. Performance in January is in line with what investors should expect from a CLO portfolio of this nature, following a disappointing return in calendar 2013 (NAV total return +4%). Dexion Capital, 21 February 2014, "Carador Income - January 2014 NAV" The NAV as at 31 January 2014 was $0.9287 per share, reflecting a monthly performance of 1.17% (total return). The portfolio net cash flows were $10.7m during the month (October 2013: $9.0m), or approximately $0.0197 per share. Income note cash payments represented 28.65% (weighted average) of the last valuation and an estimated 17.15% of cash flows were allocated to principal during the month (October 2013: 11.90%). | dendria | |
06/2/2014 18:59 | Div received this morning (IWeb). | dendria | |
29/1/2014 13:16 | Ex div today | badtime | |
22/1/2014 18:24 | Latest analyst comments: N+1 Singer, 22 January 2014, "Carador Income Fund - Year end NAV and Q4 Dividend" The Q4 dividend (US$2.9¢) missed our expectation of US$3.2¢ due to the year end cost reconciliation revealing some under accruals and the Board decision not to pay out the remaining underpayment from Q1. The year end NAV (US$94.66¢) rose 0.7% on the month driven by positive portfolio activity by the fund and some higher equity valuations. A total of US$54.1m of trades took place in the month with the fund buying two income and 4 mezz note positions utilising the US$30m of cash held at the end of November and US$19m of the new tactical debt facility. Liberum Capital, 22 January 2014, "Carador Income Fund - December NAV +0.7%" 2013 has been a relatively disappointing year for CIFU (+4.0%) compared to its main peer Volta Finance (2013: GAV +25.3%). Performance in 2013 was impacted by the valuation correction in H1 2013 following a large amount of loan repricing and refinancings in the market but NAV total return in H2 (+2.2%) was only slightly ahead of H1 (+1.8%) despite ongoing credit spread tightening and low default rates during the period. Dexion Capital, 22 January 2014, "Carador Income - December 2013 NAV" December proved to be a much stronger month for Carador with monthly returns much closer to our expected run-rate performance. This reflects the stabilisation of CLO pricing, but also some gains coming through from CLO calls. The Q4 dividend ($0.029 per share) was in-line with the guidance of being between the Q3 2014 level ($0.034 per share) and the expected quarterly dividend level for 2014 ($0.025 per share). | dendria | |
22/1/2014 07:48 | I'm assuming the div will reduce to S2.5c per quarter after this. | dendria | |
22/1/2014 07:45 | Dividend:- The Board has declared a dividend of $0.0290 per U.S. Dollar Share in respect of the period from 1 October 2013 to 31 December 2013. This takes the aggregate declared dividend in respect of 2013 to $0.1310 per U.S. Dollar Share. This dividend is payable on 5 February 2014 to shareholders on the register as at the close of business on 31 January 2014 and the corresponding Ex-Dividend Date will be 29 January 2014. and NAV, +0.72%:- | cwa1 | |
13/1/2014 11:22 | Solarno, I think the Co indicated Div for 2014 would be cut to .025c per quarter so 10c pa - yield is approx 10.4%. | atholl91 | |
13/1/2014 11:17 | thanks , Solarno | rford78 | |
13/1/2014 10:43 | The yield is still a stonking 14% + how long will the dividend remain at this level as more and more busted bonds are redeemed | solarno lopez | |
13/1/2014 10:42 | 30th January | solarno lopez | |
11/1/2014 18:43 | hello, does anyone know approximately when the next ex-dividend date is ? Thanks in advance. | rford78 | |
24/12/2013 09:40 | Thanks jonwig. And get well soon CWA1. | hugepants | |
24/12/2013 08:35 | Morning jonwig Well HP MIGHT not have seen it but I am now in the hospital after suffering a heart attack upon seeing your post ;-) Warm wishes to all for a great festive season. | cwa1 | |
24/12/2013 08:12 | dendria - thanks, I've edited my post - maybe he didn't see it! I really can't think where I got my number from! | jonwig | |
24/12/2013 08:04 | jonwig - I don't think 7% can be right. The Nov 13 report states 'There were again no defaults in the S&P/LSTA Index in November taking the last twelve month default rate to 2.08%.' | dendria | |
24/12/2013 06:59 | H-P ... probably not! But lots of investors regard CLOs as a few points riskier than leprosy, even though these are better-organised than the mortgage-backed securities which caused all the bother five years ago. The point is that the Notes are highly geared to interest rates and recovery. The thing to watch is default rates on the underlying loans, ... EDIT: "which appear to be stable at 2%" | jonwig | |
23/12/2013 10:35 | Bought a few of these last week. Are they as risky as a 10% yield would suggest? | hugepants | |
04/12/2013 08:39 | Many thanks for that jonwig, much appreciated. Yes....very brave of me to buy some CIFU(which I have now), I agree ;-) Ah...you mean the outback in Summer. Foolish I think is the word I would use! Gone from 40 degree heat at Uluru one day which made you sweat just drinking water :-( to an unbelievably wet day the day after at the Olgas(Kata Tjuta for the PC) where it was pouring in the morning and a very pleasant 16 degrees, turning to mid 30's by the afternoon. Incredible stuff. Internet down for 3 days in Ayers Rock which didn't help things.... Apologies to all for the off-topic posting. | cwa1 | |
03/12/2013 07:52 | No extra tax to pay: UK resident individual Shareholders will be liable to income tax on any dividends received from the Company. Such Shareholders should be entitled to claim a non-repayable dividend tax credit equal to one ninth of the amount of the dividend received. Shareholders who are bodies corporate resident in the United Kingdom for tax purposes may be able to rely on legislation introduced by the Finance Act 2009 with effect from 1 July 2009, which exempts certain classes of dividends from UK corporation tax. The UK income tax charge in respect of dividends for United Kingdom resident individual Shareholders who are liable to UK income tax, other than higher and additional rate taxpayers, will be at the dividend ordinary rate of 10 per cent. A higher rate taxpayer will be liable to income tax on dividends received from the Company at the dividend higher rate of 32.5 per cent. An additional rate taxpayer (with income in excess of £150,000) will be liable to income tax on dividends received from the Company at the dividend additional rate of 42.5 per cent. As a result of applying the dividend tax credit, the effective rates of UK income tax for United Kingdom resident individual Shareholders will be reduced to 0 per cent. for individuals taxable at the dividend ordinary rate, 25 per cent. for individuals taxable at the dividend higher rate, and 36.11 per cent. for individuals taxable at the dividend additional rate. [Pages 99-100 of the 2012 prospectus.] We can thank the EU for this - a dividend harmonisation directive from (I think) 2009. Very brave of you - and the middle of summer! Take care. | jonwig | |
02/12/2013 21:42 | Morning All Wonder if any of you kind souls can help? Am travelling in the outback of Oz at the moment and 'net connections a bit flaky! Was looking to buy a little CIFU but wanted some help. If it is held in an ordinary, NON ISA, dealing account is there any additional tax to pay for a basic rate tax payer? I'm assuming it is a dividend. I'm sure this has been dealt with(perhaps often) before, but, unfortunately, I simply haven't got the internet capability to sift back through many posts, so I'd be extremely grateful if anyone could post a reasonably definitive answer here. Not sure when I'll get back on again, so my thanks, in advance, for any helpful posts. Cheers | cwa1 |
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