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AXI Axiom European Financial Debt Fund Limited

85.50
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Axiom European Financial Debt Fund Limited LSE:AXI London Ordinary Share GG00BTC2K735 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 85.50 0.00 00:00:00
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 85.50 GBX

Axiom European Financial... (AXI) Latest News

Real-Time news about Axiom European Financial Debt Fund Limited (London Stock Exchange): 0 recent articles

Axiom European Financial... (AXI) Discussions and Chat

Axiom European Financial... Forums and Chat

Date Time Title Posts
20/9/202312:59Axiom European Financial Debt 159
26/1/201212:39Axis Intermodal...profitable...growth...4% yield !160
06/6/200809:42AXI: Part of the Carbon Polluting Road Haulage Industry10
28/9/200710:10Loverat's Axi Intermodal Thread17
23/7/200711:33The Official AXIS INTERMODAL thread (AXI)4

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Axiom European Financial... (AXI) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Axiom European Financial... (AXI) Top Chat Posts

Top Posts
Posted at 20/9/2023 12:59 by barnold
Anyone with Free trade on this board? Nothing yet happened with AXI on my wife's account as yet. Just checking it's same for others and they are just being slow??
Posted at 15/9/2023 14:08 by cwa1
AXI cash has just appeared for me at iDealing, 91.41p per share
Posted at 04/9/2023 19:09 by cousin jack
Last sell price was 84p. Prudently assuming at least 5% less than NAV would be 87.1. so likely cash payout somewhere between those two figures I reckon.Anything above 87 a real bonus !
Posted at 04/9/2023 08:43 by boystown
For those of us taking the cash - do we know how much per share?
Posted at 25/7/2023 12:19 by cwa1
Axiom European Financial Debt Fund Limited (the "Company") today announces that it has declared the second ordinary dividend for the period from 1 January 2023 to 30 June 2023 of 1.50p per share. The dividend is to be paid on 23 August 2023 to ordinary shareholders on the register at the close of business on 4 August 2023. The ex-dividend date is 3 August 2023.
Posted at 25/4/2023 06:41 by cwa1
5 April 2023

Axiom European Financial Debt Fund Limited

Dividend Announcement

Axiom European Financial Debt Fund Limited (the "Company") today announces that it has declared the first ordinary dividend for the period from 1 January 2023 to 31 March 2023 of 1.50p per share. The dividend is to be paid on 26 May 2023 to ordinary shareholders on the register at the close of business on 5 May 2023. The ex-dividend date is 4 May 2023.
Posted at 16/2/2023 12:50 by cc2014
Some large (for AXI) late trades gone through today and yesterday.

They are hard to read but the 100k, 223k and 50k match with the 372k in some from of transaction. Which leaves the 126k for the moment.

All I know for sure is that the MM still want large amounts of stock
Posted at 25/1/2023 14:44 by cwa1
25 January 2023

Axiom European Financial Debt Fund Limited

Dividend Announcement



Axiom European Financial Debt Fund Limited (the "Company") today announces
that it has declared the fourth ordinary dividend for the period from 1
January 2022 to 31 December 2022 of 1.50p per share. The dividend is to be
paid on 24 February 2023 to ordinary shareholders on the register at the close
of business on 3 February 2023. The ex-dividend date is 2 February 2023.
Posted at 19/8/2022 10:47 by cc2014
I read it as you will be able to choose the all or part option. I cannot remember a situation where shareholders are forced from a closed end structure to an open ended one, although someone I'm sure will immediately post they can remember 20 of them.


This is one crazy stock. I get why someone might sell at 88p. After all people were selling at 78p just 2 weeks ago and that was before XD as well. There's always a few people who are not well researched, or need to liquidate something in their portfolio, or perceive they can make more money on something else. Perhaps not great investors but there's plenty of them around.


So, 90.5p to buy, 95.95p NAV, equals a 5.7% discount to NAV even after the news.

BIPS is trading on a 4% discount (was 2% yesterday)
HDIV is trading on a 1.8% discount
NCYF is trading on a 5.8% premium (nuts)

The buy price of 90.5p is still wrong imho for what is as stated by AXI in their RNS yesterday the best performing in the sector. Forget the scheme for a monent and consider if NCYF is worth a 5.8% premium, then AXI should be trading a premium and a decent one at that? Surely?

I get why the share price continues to struggle. It's psychologically hard paying 90.5p for something which was the equivalent of 78.2p just 2 weeks ago, even if you see value.


(I suspect the number of people on the edge of buying outweighs the number of people on the edge of selling. Or rather the weak sellers will do so probably in the next week, whilst the buyers hovering over the buy button will be around longer. Time will tell. I'm not bothered now. Sooner or later I'll get a decent exit price and I have nothing in particular I'd like to put the money on instead. Indeed I suspect that is going to be a challenge when the time comes)
Posted at 18/8/2022 07:24 by cc2014
I'm not sure how I feel about this.

AXI is the largest shareholding in my portfolio and I really loaded up below 80p before XD. The opportunity below 80p was so good I even broke all my rules about the maximum shareholding I should have.

There is no other closed fund like this one and I really liked it both for it's investment mandate and also because the investment manager actually did something with the portfolio on a regular basis. And then of course there was the discount which made it even more attractive.

I am not excited about transitioning to an open ended structure because of the fund fees I will get charged from HL. I realise I could probably avoid this by going direct to Axiom but that would mean splitting my ISA's between providers and also I can't split my SIPP. I also don't like open ended structures because when the market gets bearish, withdrawals occur and the fund has to sell it's assets at low prices whereas with closed they tend to do the opposite and increase gearing when prices are low. I also never want to get locked into an open ended fund due to liqduidity issues.

I also can't really buy of the shares AXI holds direct as most of them come in 100k lumps. Also some of their holdings like for example their recent purchase of Marex I would never be aware of and that's what I pay a fund manager for.


On immediate basis there is nothing for me to do as I can decide on the cash offer or transfer at a much later date. Due to the wide spread on many of their investments which will be held in the books at bid cost I am comfortable they will be able to crystallise the portfolio for NAV after costs, perhaps even better than that if most people do not choose to crystallise which seems likely.

I guess a quick profit over the next few months is worth more than taking a decent dividend every year. I'm going to have to think very hard over where to put the money.
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