Share Name Share Symbol Market Type Share ISIN Share Description
T2 Income Fund LSE:T2I London Ordinary Share GB00B0CL3P62 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 28.50p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 27.1 16.4 0.4 75.0 12.26

T2 Income Fund Share Discussion Threads

Showing 51 to 74 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
27/10/2009
08:33
T2I now GLIF.L (seems to accept just GLIF) http://www.advfn.com/cmn/fbb/thread.php3?id=20989314
aleman
20/10/2009
09:13
PSD is similar too
davebowler
16/10/2009
14:46
Hi Aleman, when you do the new thread, would you please consider putting up comparables, or do you know any, eg ?cdo, or maybe qwil - and others? Thanks
timanglin
15/10/2009
14:10
Will need to start a new thread next week if the name gets changed to Greenwich Loan Income Fund. EPIC codes GLI and GRL are already taken so I'm guessing we get GNL.
aleman
15/10/2009
09:36
as i understand it, only 1 of over 50 'debts' have defaulted in the last few years, which is an amazing result under the circumcstances...
timanglin
14/10/2009
11:03
Could be some funds want to invest but can't invest in AIM shares. (Note - only raised £11m in the placing against £15m target.) I think the debt facility is limited by gearing so if they raise more capital they may be able to utilise more of the cheap finance available and have a bigger company. This is often where shareholder and director interests diverge - directors like bigger salaries for running bigger companies where shareholders just want higher earnings and dividends per share. For the benfefit of lurkers, the shares are down today by 0.5p because they went ex-dividend by that amount so the announcement of the placing quantity and price hasn't moved the shares. I thought they might actually have risen on today's news. Dilution isn't too bad really and the company looks to have solved its cashflow troubles for a while although the various investment risks in volatile coporate debt markets remain.
aleman
14/10/2009
10:51
also i am not sure why they want a main market listing?
timanglin
14/10/2009
10:35
it may also make the shares more liquid...
timanglin
14/10/2009
10:33
although the placing dilutes the company, i would argue that this is the key to the unlocking of the value of the 'locked' CLO's. I dont see this as a placing as in a 'bombed out' company. It will be interesting to see how the unlocking process occurs - this was once paying 5p per share dividend. This is why i bought, however I would have been happier paying 25p. dyor.
timanglin
14/10/2009
10:31
I make it that cash is now about 39p per share after the placing and the company should have the flexibility to buy back CLO debt at a discount, buy riskier assets off the CLO so it meets covenants but without selling them at a loss into the market at a large discount to par, pay a regular dividend, and possibly pay for a main market listing. Main market listing seems ambitious with the increased market cap of £25m but they look to be trying to somehow crystalise the company's very cheap finance facility.
aleman
14/10/2009
10:21
Hhhmmm..... 44m new shares at 25p giving 87m in total.
aleman
13/10/2009
16:02
Hi Aleman, first used idealing - and left my order on the lse orderbook for about 2 hours - no joy, then phoned different broker who said there was no counterparty and something else which i didnt understand, however finally idealing executed the order for 7000 at 29.5p over the internet. I am only a lowly pi, however very interested, and for the long run, and waiting for the placing, and look forward to the divi - if i had a couple of million, i probably would seriously consider putting a chunk in T2I. Thank you for your replies.
timanglin
13/10/2009
15:52
I rang my broker and got that 20k at 29.45p. Couldn't you have done that?
aleman
13/10/2009
15:04
hi aleman i have my order in the lse orderbook to buy at 29.5p and no counterparty? as i said illiquid...
timanglin
13/10/2009
10:13
8 October 2009 The Directors of the Company today announce that on 30 October 2009 the Company will make a dividend payment to all shareholders on the company register as at 16 October 2009 of 0.5p per ordinary share in respect of the 3 month period to 30 September 2009. - End -
aleman
08/10/2009
16:45
Hi Aleman, thanks for the post, i agreee tick up, but no trades listed? the illiquidity is an issue, it is not even possible to get an mm quote, i have to go into the lse orderbook.
timanglin
08/10/2009
14:19
EGM is a week tomorrow. Looks like that is when we will get CLO payment tests and dividend news. However, this is in the placing document: The precise number of placing shares to be issued and placing price will be determined following completion of the book-building, which is currently scheduled for 12 noon (London time) on 7 October 2009 and a further announcement will be made as soon as practicable once the results of the Placing are known. So there should be news before as well. (Funny the shares are going up the day after completion of the book-building.) I like this from the placing document: The Board believes that the benefits of increasing the certainty of interest payments being made by the CLO Limited would be to improve the overall creditworthiness of the portfolio and in particular: (i) increase the value of the Company on an NPV basis; and (ii) Give the board more scope to sustain and potentially raise the dividend So they're still talking about raising the dividend from 0.5p per quarter, provided the fundraising achieves its objectives.
aleman
08/10/2009
13:53
any news on the placing?
timanglin
02/10/2009
14:06
I wonder if we will get an announcement on the CLO payment tests yesterday. News of another 0.5p dividend and some more cash for the parent company would go down well, I would imagine.
aleman
16/9/2009
19:58
Aleman the thing that attracts me to IERE is that there assets are in europe where they have officially come OUT of a recession. Gl with what ever you decide mate!
goodwill3
16/9/2009
15:43
But Indian economy stronger. Arguably factors that are both priced in. Both shares have a similar chart pattern, interestingly, with breakout looking imminent and likely to double in short order before hitting next resistance. I'm not convinced one will do much better than the other in the short term.
aleman
16/9/2009
15:29
Aleman i put more trust into IERE managment then UCP. better be quick if you want in not much stock around
goodwill3
16/9/2009
15:28
IERE looks interesting but UCP's discount looks higher, possibly. It has a poorer quality asset base, though.
aleman
16/9/2009
14:34
Aleman i strongly recommend you look at IERE and read the recent posts there. It is beleived to have the biggest discount to NAV of any property company! It is starting to get recognised and even with a double to 60p it would be 50% of the NAV.
goodwill3
Chat Pages: 3  2  1
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