Twentyfour Income Share Discussion Threads

[eggbaconandbubble] 03/5/2024 19:27

When can we expect year end results?

[njb67] 03/5/2024 18:38

The running yield may well currently be at 10%, the key question is whether this can be sustained? Bond yields have increased a lot over the last couple of years, is this a short term trend or the new normal? Ultimately, TFIF will need to decide how confident they are at replacing these current holdings (before or at maturity) with new positions with an equivalent or greater yield.

I like this fund a lot and how it is being managed. I particularly like that they have always delivered the target dividend. I would much rather they take a conservative approach to targets and over-deliver, than assume they can match or increase payments year on year and then disappoint.

I am looking for reliable and growing income streams from my portfolio, so the TFIF approach ticks lots of boxes for me.

[tradertrev] 03/5/2024 17:00

...but the investor updates say the portfolio has a running yield of much more than 10% and the shares are at a discount to the NAV of the portfolio, so that targetted 8p dividend does look very conservative.

[njb67] 03/5/2024 14:58

eggs - yes, that is correct.

The company publishes a target annual dividend each year. For the year ahead it remains at 8p/share, which was also the target for the year just gone.

hxxps://www.twentyfouram.com/view/GG00B90J5Z95/twentyfour-income-fund#key-facts

I would rather work with the more conservative target than assume that they will be able to over-deliver again.

[eggbaconandbubble] 03/5/2024 14:48

Last twelve months total divis 9.96p. @ 102.5p thats circa 9.7% Innit?

[njb67] 03/5/2024 14:34

JAF - while you are right that historic yield is around 9.5%, the target dividend remains 8p/share, so around a yield of 7.8% at the current share price

I like that they have met/exceeded their target dividend per share every year since IPO in 2013.

[jaf111] 03/5/2024 10:37

Indeed…..very surprised though to see the share price remaining at discount to the NAV with the yield over 9.5%.

[cowie19] 03/5/2024 09:02

Nice payment in the account this morning.

[mcunliffe1] 18/4/2024 16:14

Doh!
thanks riverman.

[mcunliffe1] 18/4/2024 11:13

Why the drop this morning?

[rongetsrich] 16/4/2024 09:31

With such a good yield I am going to dabble here.

[rongetsrich] 16/4/2024 07:01

What is the downside on this fund?

[exmooroil] 11/4/2024 16:34

Dividend announcement: 3.96p, XD 18/4, pay 3/5

[scburbs] 26/3/2024 17:29

Interesting holding announcement which I think means other funds managed (or part managed/advised) by TFAM are holding over 5%. The last one is a £4bn unit trust.

[catch007] 19/3/2024 13:37

I read the latest factsheet commentary released yesterday and last year was a bumper performance however a 'special' dividend would be a nice boost even 0.5p. Trading seems in line so I remain hopeful.

[future financier] 18/3/2024 10:11

catch - given the uplift in the quarterly payments over the past 12 months I think it is likely they are already distributing fairly fully. I would be happy with a 0.5p "special" dividend. And I am also well overweight here

[catch007] 15/3/2024 09:53

Last year the May Dividend + special was substantial - hoping that there will be another similar distribution this year and have added to my already overweight position today.

[my retirement fund] 17/2/2024 16:27

How much is the tender offer?

[bustaneardrum] 02/2/2024 13:12

Got mine in my ii account ??

[peterbill] 02/2/2024 11:47

Received divi in aj bell account today

Edit ... wrong thread

[mcunliffe1] 28/1/2024 14:56

Good one petewy.

[petewy] 28/1/2024 13:07

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Uk Mortgages Corp Fdg Dac Kpf2 A 0.0% 31/07/2070 3.77%
Uk Mortgages Corp Fdg Dac Kpf1 A 0.0% 31/07/2070 3.37%
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Vsk Holdings Ltd Var 31/7/2061 1.78%
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Syon Securities 19-1 B Clo Flt 19/07/2026 1.73%
Uk Mortgages Corp Fdg Tml1 A 0.0% 31/07/2070 1.68%
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Charles Street Conduit Frn 0.00% 12/04/2067 1.56%

see
hxxps://uk.citywire.com/investment_trust_insider/investment-trusts/investment-trust-factsheet.aspx?FundID=3689