Sqn Asset Finance Income Share Discussion Threads

[gopher] 20/3/2020 17:17

Suspending dividend payments is very worrying - who have they been lending to?

Its a difficult situation for everyone but not what investors signed up to. It indicates companies already in arrears before convid-19

[gopher] 15/2/2020 18:00

This is not the first blow up in these debt based investment trusts and often trading near par beforehand because of attractive yield and supposedly lowish risk.

The general rule is to sell first and ask questions later but in situations like this it is worth remembering that a recovery can take place and the shares will eventually settle at a discount to NAV above well above the sell off price.

I would like to see a statement from managers which is surely needed given the share price reaction

[eeza] 05/2/2020 12:37

Holdings RNS

CG Capital at 5.54%.

8 mill shares

[wskill] 05/2/2020 09:21

Someone has just bought 26 shares to steady the ship that will fix it unless it was a signal of sorts.

[eeza] 04/2/2020 19:45

Looks like Schroders are dumping their holding in both classes.
6 mill late reported trades in the C's today.
2 mill @ 71p & 4 mill @ 70p.

[gopher] 04/2/2020 19:39

Still no statement and developing into a Twist or Stick situation

[gopher] 21/1/2020 23:38

Developments with the main share listing saying an asset write down of between 5 and 15 & and those shares have fallen sharply

Statement on these C shares soon. They were issued to eventually be combined with main portfolio but this hasn't happened so in theory totally unaffected

I am underwater here and business model seems in question but statement will clarify situation. As far as I am aware SQN are reputable,

[a0002577] 01/5/2019 18:53

Very, very quiet here - yet I hear they are due to merge with ORDs in June - does anyone know more?

[killing_time] 07/5/2017 10:54

The dividends have started.



The Board also has pleasure in declaring the maiden interim dividend on the C shares of 0.2 pence per C share for the period from admission to 31 March 2017. The dividend will be payable on 23 May 2017 to holders of C shares on the register on 5 May 2017. The ex-dividend date is 4 May 2017.

C Share Investment Update

The Company is pleased by the level of investment, being ahead of the prior C share issue and on target to meet the expected timeline for full deployment of 9 to 12 months from admission.

The Company has made investments totalling GBP42.0 million, including amounts expected to be drawn prior to 30 April 2017, equivalent to approximately 24% of the net proceeds of the C share issue. In addition, the Company has a further GBP34.7 million of approved investments and a further pipeline of GBP77.9 million.

[touche] 12/12/2016 14:55

Thanks, just heard I was fully filled also.

[jaws6] 12/12/2016 14:55

I got near 50 % in placing.

[ryandj2222] 12/12/2016 14:47

I got my full requested allocation. This was only £300 though. It wasn't scaled back.

[touche] 12/12/2016 14:36

Still waiting to hear on how many of these I ended up with in the open offer as was over subscribed. Anybody else have their confirmation?