||ORD RED 1P
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
|Twentyfour Daily Update: Twentyfour is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker TFIF. The last closing price for Twentyfour was 112.25p.|
Twentyfour has a 4 week average price of 111.56p and a 12 week average price of 109.38p.
The 1 year high share price is 124.25p while the 1 year low share price is currently 103p.
There are currently 379,814,151 shares in issue and the average daily traded volume is 350,860 shares. The market capitalisation of Twentyfour is £425,391,849.12.
NAV TR: 1 month = 2.31%, 3 months = 4.95%, Financial YTD 17.17%
¢ Total AUM now stand at £304.0m, share price 118.25p, NAV = 113.90p, Premium = 3.81%. No Gearing at fund level.
¢ Dividends: During the period the company paid two dividends to shareholders totalling 2.50p per share.
¢ During the period 50.091m shares were issued.
¢ Sector Breakdowns: RMBS 46.02%, CLO 32.49%, SME 6.34%, Leases 5.57%, CMBS 4.84%, Consumer 2.02%, CDO 0.45%, cash 2.26%
¢ Rating Breakdown: AA 3.82%, A 17.82%, BBB 28.37%, BB 26.33%, B 15.40%, CCC 1.77%, NR 4.22%, Cash 2.26%
¢ Geography: UK 13.38%, Netherlands 17.60%, Germany 1.12%, Spain 14.00%, Portugal 9.59%, Italy 9.11%, Mixed 32.94%, Cash 2.26
¢ The appetite for risk has been supported by continuing strong fundamentals in all geographies in which the fund invests. Housing surveys such as Hometrack have pointed to 75% of UK households having seen house price increases in 2013. Mortgage approvals are now also at their highest level in 6 years.
¢ UK, Spanish and Dutch unemployment rates have fallen.
¢ New investment activity has focussed on adding a recent CLO position and a UK prime bond position.
¢ Today the portfolio is split with roughly c.53% now in investment grade assets.
¢ 2013 was an exceptional year for mezzanine ABS and it may perhaps be unlikely to see another year of double digit returns from this asset class as tapering gets underway.
¢ Spanish and Italian government yields have tightened to below 4%, with the compression of sovereign spreads filtering through into the portfolios overseas structured credit positions.|
ta for your earlier comments on options .
You must be pleased with your earlier TSCO spreads which look good so far.
I managed today to insert a strangle 220/260 @19.5 credit . Had to yield a little when it did not get filled @20 yesterday . Upside covered by 4K of shares already held. Glad that I managed to put the shares to work to earn a little "rental" income while they are in the draw . In the process learnt a little new trick: by specifying limit on overall spread target I could ignore share price moves and associated call/put price moves , leaving it in the market until it reached my spread target .|
Twentyfour share price data is direct from the London Stock Exchange