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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| T2 Income | LSE:T2I | London | Ordinary Share | GB00B0CL3P62 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 28.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 28.50 | GBX |
T2 Income Fund (T2I) Share Charts1 Year T2 Income Fund Chart |
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1 Month T2 Income Fund Chart |
Intraday T2 Income Fund Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/10/2009 | 08:33 | T2 Income Fund - high yield from the tech sector. | 60 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 27/10/2009 08:33 by aleman T2I now GLIF.L (seems to accept just GLIF) |
Posted at 14/10/2009 12:03 by aleman 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. |
Posted at 14/10/2009 11:33 by timanglin 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. |
Posted at 14/10/2009 11:31 by aleman 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. |
Posted at 13/10/2009 17:02 by timanglin 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. |
Posted at 13/10/2009 11:13 by aleman 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 - |
Posted at 08/10/2009 15:19 by aleman 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. |
Posted at 16/9/2009 14:39 by aleman I'm pretty sure "including some existing shareholders" means large shareholders and not small PIs. Including small shareholders adds cost and time. I'm happy as I suspect there is a chance to buy some assets at better values if they act quickly. This will generate cashflows needed to give the parent company more flexibility. I suspect traded debt markets are recovering and the process of tranferring cashflows from CLO to parent will get less cheap with time. More cashflow to the parent now means greater power to keep the CLO within its covenants so that cash to pay dividends keeps flowing. I do wonder what price the placing will be at but it doesn't look to be set yet. I'm guessing the dilution won't hit us too hard from here as the shares could well strengthen but I really don't know. I can just see value in the bigger picture of the CLO's cashflows being unlocked sooner. |
Posted at 11/6/2009 11:43 by future financier True NAV c. 40p - discount for small IT status - say 32p. Discount for poor marketability - say 25p should be a fair price for these. Bought a few - but ripped off at 14.5p (never mind so long as my analysis correct). Agree about delayed buys. |
Posted at 10/6/2009 16:11 by andrbea In the last year T2 Income Fund Ltd.'s share price has ranged from 2.00p to 87.00p. |
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