We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Chenavari Capital Solutions Limited | CCSL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 47.58 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 47.58 |
| Top Posts |
|---|
Posted at 27/5/2015 07:24 by jonwig Revised dividend policy:They seem to admit that their previous policy was unsustainable, having been met by using capital as well as income. So now it's 2p for the next two quarters, with no capital element and - I suspect - below that thereafter. |
Posted at 22/4/2015 10:54 by jonwig Part of the issue with the CCSL /bank involvement is risk of regulation - the EU regulators have mentioned restricting capital transactions. For me it's a difficult world to understand, or get close to.Ranger - I think ultimately the security of loans will be down to property assets, either owned by companies or given as security by company owners. And if loans are at variable rates, this can put extra strain on the borrowers. US into recession? So I'll pass it by for the present, but keep an eye open. As with Carador Income Fund, there was a strong buying opportunity following the GFC. (I'm out of that, suppose you too?) |
Posted at 22/4/2015 10:10 by stemis I think quarterly dividend is 1.35p. They're not really in European banks though are they. They buy off European banks but the loans are with others.Yes, I've seen the Ranger Fund launch. What do you think? Here's the prospectus if anyone's reading and doesn't have it |
Posted at 22/4/2015 07:23 by jonwig I think it is now (fully invested): £40m cash at 31/09/14, followed by about £44m new investment since, no realisations mentioned.Latest quarterly dividend 1.2p. European banks the place to be right now? Maybe Ranger Direct Lending Fund [RDL] due to launch soon: 10% yield projection. Or maybe not! |
Posted at 01/2/2015 12:32 by skyship Concerned at one of the stats in that annual Report - 27% of NAV comprises SME loans in Portugal - perhaps not such a good idea.See the last few paras of this article: CCSL has been on my Watch-list for quite sometime. But though the NAV premium has been unravelling; it may well be with good reason! |
Posted at 13/12/2014 09:58 by jonwig Thanks for pointing that out - CCSL has been off my radar for a while.But what banks have too much sub-investment grade O&G debt on their books? Russian bonds? Greek bonds? Far too risky for me, now, especially when I haven't the information to measure the risks. |
Posted at 24/9/2014 07:48 by jonwig speedsgh - sorry, I've only just seen your query.The prospectus (Oct 2013) suggested a first year dividend of 5p and for it to be fully invested after 12 months with a target return of 12% which will mostly be paid out as dividends. In fact they paid 4p in August and were 67% invested at that point; one new investment since then. Whether they'll reach a 10p dividend in the current year I don't know. FWIW, I sold out at the end of July for 109p (cum div) so didn't collect. No particular animus against CCSL, but have withdrawn a lot of money from the market, and that was at the riskier end of my holdings. |
Posted at 02/9/2014 13:55 by wirralowl Oops! Thanks scottie! Hadn't seen the replacement IMS, was going by the earlier RNS below, but you are correct:RNS Number : 7786M Chenavari Capital Solutions Limited 18 July 2014 18 July 2014 CHENAVARI CAPITAL SOLUTIONS LIMITED (COMPANY) CHENAVARI DECLARES DIVIDEND FOR PERIOD ENDED 30 JUNE 2014 The Company is pleased to announce the payment of a dividend in the amount of 4.0 pence per share for the period ended 30 June 2014. The dividend will have a record date of 1 August 2014 and will be paid on 15 August 2014. |
Posted at 02/9/2014 12:05 by scottiedog4 Sorry Wirral, but dividend was paid spot on. See IMS of 15th August " Company declared a dividend of 4p on 18th July which will be paid on 29th August |
Posted at 07/4/2014 17:16 by jonwig Prospectus p45:On the basis of market conditions as at the date of this prospectus, and whilst not forming part of its investment objective or investment policy, the Company will target a net total return on invested capital of 12 per cent. per annum or more over the life of the Company. Returns to Shareholders will be predominantly as dividend income. Subject to compliance with the Companies Law and the satisfaction of the solvency test set out therein, the Company intends to distribute all its income from investments, net of expenses, by way of dividends on a quarterly basis with dividends declared in October, January, April and July and paid in November, February, May and August in each year. The Company may retain income for distribution in a subsequent quarter to that in which it arises in order to smooth dividend amounts or for the purpose of efficient cash management. ... ...the Company will seek to pay dividends totalling at least 5 pence per Ordinary Share in respect of the period from Admission to the first financial year end, with the first dividend likely to be declared in July 2014 in respect of the period to 30 June 2014. To date they haven't made any announcements to cast doubt on this. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
