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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Harbourvest Sl | LSE:HSLE | London | Ordinary Share | GG00B4N5LG23 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 26.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 26.50 | GBX |
Harbourvest Sl (HSLE) Share Charts1 Year Harbourvest Sl Chart |
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1 Month Harbourvest Sl Chart |
Intraday Harbourvest Sl Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/12/2014 | 16:15 | HARBOURVEST SENIOR LOANS EUROPE | 41 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 29/1/2014 15:30 by jaws6 JohnI did not get any divi ,so checked co news and found this so sure I got money missing.FROM news below--- Following further re-financing activity in the portfolio, the Company is pleased to announce that it expects to make a Capital Return to shareholders of £8.2 million or 5.85 pence per ordinary share. This would bring total capital returned to shareholders since June 2012 to 55.51 pence per ordinary share. Dividend and Capital Return As a result of recent refinancing proceeds and capital repayments, which in aggregate total approximately £18.5 million, the Company announced a capital return to shareholders of 13.26 pence per share which was paid on 1 November 2013. Including this capital return, capital returned to shareholders since June 2012 totals 49.66 pence per share. Since 30 June 2012 about half of the portfolio has been refinanced or prepaid, confirming the Company's ability to return capital. This is particularly notable because HSLE focuses on the small and mid market which is traditionally viewed as less liquid. This also highlights the effective short average life of the portfolio assets, a positive mitigant for duration risk. During the period the Company also made a dividend payment of 1.12 pence per share on 30 September 2013. This brings total ordinary share dividends since inception to 8.90 pence per share. |
Posted at 06/12/2013 12:21 by jonwig J P Morgan Fund dealings start Mon 9th.Initial yield 5% of offer price (100p). Ticker JPSL. Thread started. Couldn't participate as neither of my brokers handled the IPO. |
Posted at 17/9/2013 09:43 by jonwig jaws - should have linked ... it's from ii.HSLE is nearly half(?) in EUR loans which might be holding it back a bit. But the loan I had worries about (Italian one) seems to have been repaid. |
Posted at 17/9/2013 09:36 by jaws6 jonwigGood post ,did not know on that one. Does that mean HSLE better with discount to NAV as said in header. will check this later. Thanks for info. |
Posted at 17/9/2013 09:28 by jonwig This is interesting (5% plus yield) and could go to a premium, though HSLE is on asmall discount to NAV.JPMorgan Asset Management has announced plans to launch a new investment trust, offering investors access to a portfolio of senior secured loans with a focus predominantly on the US market. The new trust will be London listed and target an initial dividend yield of 5%. Simon Crinage, head of investment trusts at JPMorgan, says: "Bank loans are justifiably drawing attention because they offer a high regular income from a floating rate portfolio of senior securities, protecting investors from credit risk and the threat of rising rates. "While the asset class may be less familiar to many UK investors, JPMorgan has a well-resourced team investing in this area." Earlier this year the group launched the JPMorgan Global Convertibles Income Trust, managed by Anthony Vallee. The asset-management group says it sees opportunities to attain relatively high rates of current income in the loan market, while offering some protection in a rising interest rate environment as well as potential capital appreciation. According to JPMorgan, loans are floating-rate instruments and provide a level of protection in this climate that may not be available from bonds, where coupons are typically fixed. Loan portfolios cannot be held in open-ended fund structures such as OEICs and SICAVs, making the investment trust structure ideal. |
Posted at 13/6/2013 07:23 by jonwig Capital return of 15.12p by a B-share issue. Ex-date 19/06, paid on 28/06.due to some loans being refinanced, as no maturities are due for a couple of years. |
Posted at 27/8/2012 16:17 by topvest Just having a look at this one. Think this will probably go to a much bigger discount, so will keep on my watch list. These sort of investment funds, always seem to go the same way. Start-off ok, then 2+ years in the price starts to fall and the discount increases. |
Posted at 22/8/2012 09:51 by jonwig Hi, edwardt.Good to see some interest - I'd stopped posting when it seemed I was just talking to myself. The current NAV (c. 94p) includes MtM discounts to par, so should build as redemptions are injected into the portfolio. Interest payments will inevitably be replaced by capital. I assumed (and still do, despite Euro woes) that this will prove to be a very secure investment. The only slight worry is the 7% or so in one Italian company. Once the situation in Europe gets resolved one way or another I think they will want to re-market this fund, if only with another C-share issue. |
Posted at 16/4/2011 07:43 by jonwig Loans acquired are lower-risk. If target LIBOR (or EURIBOR) + 450bps can be achieved, that suggests a running yield of up to 7% when something like normality returns (LIBOR 3.5%, management charges 1%).Progressive repayment of capital from 2012 along with C-share issues should help reduce risk. |
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