|Sqn Asset Fin
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Sqn Asset Fin Share Discussion Threads
Showing 51 to 75 of 75 messages
|Looking back through the data on ShareScope I reckon that from the issue of the C shares in November 2015 till when they converted to SQN the C shares outperformed SQN by 2%. They didn’t receive all the income that SQN received but this was more than compensated for by them acquiring their premium to NAV.
I intend to apply for more than my entitlement of C shares, however I only became a shareholder a few months ago so I wasn’t around for the last issue of C shares. I would be grateful if anybody can remember what sort of scaling back was applied to the Excess Application Facility and the Offer for Subscription back in the last fundraising in November 2015.|
|Latest C Share Issue:
150M C shares at 100p each (option for 180M).
We have an open offer on basis of 1 C share for every 4 ordinary shares.|
|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.|
|Still not recieved either.
I have another stock that was due to pay out yesterday which i hold with Barclays and AJ Bell.It was payed into the latter on time.Still waiting for Barclays.
Generally happy with Barclays but have had dividend issues in the past with them.
Makes a mockery of the monthly payment though.
Ps did i really put a D in pigeon?|
|Shauney2, just to let you know that I see the pigeon finally arrived this morning. BUT am still waiting on SQNC - issue with tax voucher allegedly!|
|Same problem with Barclays.
They reckon the pidgeon has gone lame.|
|I received mine from IWeb on 21 March too. I think Barclays need more than a nudge.|
|Interesting. Ok thks for that.|
I received my payment on 21 March from the dreadful idealing (one of the few things they have managed to get right recently!), so I'd give Barclays another nudge (funnily enough its an excuse I've heard from idealing before too!)
Seems there are very few brokers worth their salt these days, but it does grate when they're all too happy to charge administration fees, yet can't actually administer the accounts properly.|
|Anyone receive their March divi yet? After 2 weeks, am still waiting. My broker, Barclays, tell me they are still waiting to receive funds from the registrar, who they are chasing. Very poor.|
|What Investment - 24/12/15:
Sarasin: Where to Invest in 2016
Another area we believe offers the ability to diversify a balanced portfolio is asset leasing funds. These funds invest in assets which are leased to businesses, with the aim of providing non-correlated returns, since they are secured by hard assets with a regular cash flow.
We access this asset class via a fund called SQN Asset Finance Income. The fund focuses solely on business-essential assets leased to creditworthy businesses. In doing so, the managers are able to target a dividend of over 7% – clearly very attractive in the current market. The most appealing dynamic, however, is its near zero correlation with both equities and bonds since launch, providing true diversification for a balanced portfolio.
|cheers, Jaws. My allocation with idealing not showing...|
|SQNC started today 101 103|
|They quote a return of 9.5% achieved on their leased assets. Is this after a depreciation charge?
|I've applied for my full entitlement via idealing, but no spare cash in the account to go for any extra, as also been hit with an open offer for another holding of mine (Assura Group) in the same week.|
|IWeb has the Open Offer up now. I can apply for just my entitlement, or my entitlement plus additional shares (but they warn this may be scaled back).|
The 'C' shares also won't be entitled to the dividend of the ords.
They should though start to receive dividends once the company invest the proceeds and the assets start generating an income, increasing each month up to the target distribution (which I presume is 7.25p pa again?). I was impressed how quickly and efficiently they achieved this the first time round, so am hoping this will just be a rinse and repeat process.|
|Ex-entitlement date for open offer is 8.00 a.m. on 21 September (Monday).|
|I’m sure someone has a thorough explanation but basically C shares (Conversion Shares) are a way to raise new funds without impacting on the existing ordinary shares. The C shares are issued and kept separate from the ordinary shares until most of the C share funding is invested then they convert/merge to ordinary shares. All the costs of the share issue are borne by the C shares not the ordinary shares.|
|How are c-shares different from the ordinaries?
|I'll be applying for my full allocation too. Good to get participation with an open offer. Given the scale of the proposed placing (doubling fund size) I think they had to offer something to existing shareholders.|
|Great news, I'll definitely be applying for my full allocation.
Can't help feeling they've timed this well too, just after reaching their stated annualised target dividend of 7.25p pa, think the appetite should be good for this issue.|
|SQN is undertaking a placing including open offer for up to 180 million new C Shares at 100p each.
Open offer is 1 C Share for every 2 Ordinary Shares.
Target date for admission of the C Shares is 9 November 2015.|
|Great to see that with today's dividend of 0.6042, SQN have reached their annualised target of 7.25p per share. Very impressed how they've got to this point so quickly.
More importantly perhaps, is the following statement:
The dividend is being paid at the full projected dividend rate which the Company believes will be sustainable. Along with the full dividend, the Company expects incremental NAV growth to continue.
With the yield on portfolio investments now above 9.5% on an average remaining term of 68 months, you would hope it should be achievable.|
|Another great month of progress from SQN. Estimated NAV as of 30 June, now 99.93p and monthly dividend increased again to 0.5625p (or 6.75p annualised).
Good to see that the yield from their investments is still up over 9.5% too, with an average term length of 5 and a half years.|