|SQN Asset Finance Income Fund
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
|SQN Daily Update: SQN Asset Finance Income Fund is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SQN. The last closing price for SQN was 112.88p.|
SQN Asset Finance Income Fund has a 4 week average price of 113.77p and a 12 week average price of 111.22p.
The 1 year high share price is 116.50p while the 1 year low share price is currently 102.50p.
There are currently 178,985,507 shares in issue and the average daily traded volume is 344,870 shares. The market capitalisation of SQN Asset Finance Income Fund is £201,358,695.38.
|killing_time: Just been going through the latest set of accounts and come up with this bit of news.
" In light of the Group's consistent performance and healthy pipeline coupled with strong investor demand recently pushing the share price to an all-time high, I am pleased to say that your Board anticipates raising additional capital before the end of 2016."
So it looks like we will either get a rights issue or the issuing of new shares like the C Share issue. KT.|
|wirralowl: A maiden dividend of 0.4p declared, together with a trading update, has given the share price a little boost this morning.
NAV's gone up 0.21p during September, to 98.38p, so the premium's still high, but I note the share price was unaffected by the recent market turmoil (as indeed the company claimed it should be non-correlated generally to the markets). I'd like more than I currently have, but with no market peers for comparison, its tough to judge if the current premium's to be the norm / will shrink with a fall in share price / or narrow naturally with monthly increases in NAV? One to ponder...|
|loobrush: SQN Asset Finance Income Fund -listed this year. Is involved in leasing equipment and looking to provide both dividends and share price growth and seems to me a good addition to any portfolio to provide some balance to volatile stocks and the only way should be up.
James Crux Shares Mag says
Cranking up the returns
Equipment lease investor targets attractive cash distribution
UK income investors will be familiar with the attractions of dividend-paying equities and the regular coupons delivered by bonds. Yet one income source that isn’t widely understood is investment in equipment leasing and asset finance arrangements, which offers non-correlated returns secured by hard assets with regular cash flow.
Such income diversification is provided by SQN Asset Finance Income Fund (SQN), ISA and SIPP eligible and the only diversified equipment leasing fund listed in the UK. Recently floated on the Main Market (14 Jul) via an oversubscribed £150 million funding, the Guernsey incorporated investment company is targeting an initial dividend of 7.25p per annum which should grow over time, with monthly dividends likely from January 2015, as well as a total net return of 8%-to-10% per annum.
It is on track to invest its IPO proceeds within six months of its stock market debut, with access to a seasoned seed portfolio accelerating the cash deployment pace.|
SQN share price data is direct from the London Stock Exchange