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 0.0% 91.25 30,445 08:00:10
Bid Price Offer Price High Price Low Price Open Price
88.50 94.00 91.25 91.25 91.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.29 14.75 16.05 5.7 84
Last Trade Time Trade Type Trade Size Trade Price Currency
16:34:50 O 20,000 90.00 GBX

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Date Time Title Posts
26/1/202310:50Axiom European Financial Debt 98
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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Posted at 04/2/2023 08:20 by Axiom European Financial... Daily Update
Axiom European Financial Debt Fund Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker AXI. The last closing price for Axiom European Financial... was 91.25p.
Axiom European Financial Debt Fund Limited has a 4 week average price of 84p and a 12 week average price of 80p.
The 1 year high share price is 99p while the 1 year low share price is currently 78.50p.
There are currently 91,852,904 shares in issue and the average daily traded volume is 8,293 shares. The market capitalisation of Axiom European Financial Debt Fund Limited is £83,815,774.90.
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 24/1/2023 15:23 by cousin jack
Thought price had firmed recently but all that’s really happened is that the spread has widened. Almost 7% at the moment.
Posted at 24/10/2022 12:03 by cwa1
Axiom European Financial Debt Fund Limited (the "Company") today announces
that it has declared the third ordinary dividend for the period from 1 July
2022 to 30 September 2022 of 1.50p per share. The dividend is to be paid on 25
November 2022 to ordinary shareholders on the register at the close of
business on 4 November 2022. The ex-dividend date is 3 November 2022.

Posted at 25/8/2022 13:45 by cc2014
I venture to disagree mrf. I cannot ever remember 100k being avaiable to sell on instant fill on an on-line quote on AXI.

Even when there has been decent volume available to fill a sell order it's usually in only in lumps of 25k, albeit the MM's will accept multiple lumps of 25k

Having said that I do not know what volume is availalbe to buy at 90.4p as I'm almost fully invseted at the moment. It could be the MM's attitude to risk has changed with the RNS. And at a 2.5p spread why wouldn't they be prepared to take on some risk. Robbers.

Sell price creeping up though. 88.12p to sell now.

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 08:58 by cc2014
#71 All their investments will be held at bid and I'd expect them to be able to sell within the spread so I'm looking for the full NAV.

#72 I will have around 20% more cash to invest so I'll cope. Something will turn up, it usually does given enough patience. It's just hard to see what it might be as I write now. The availability of IT's in this sector is shrinking, Alcentra gone, Invesco Pertpetual merged with City Merchants, Axi going now, NBMI sort of muting the possibilty if the NAV keeps shrinking too much.
All a bit frustrating. Low cost ETF's are all the rage, but I like funds run by managers especially at a discount.

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.

Posted at 11/8/2022 13:04 by cc2014
Good to know we have a decent sized buyer at this price.

Anyways before this unjustified price fall happenned (which I'm grateful for as I was able to fill my boots as the expression goes) the NAV was 106p.

Now, it would be unfair to suggest it's going back there immediately as I think the market has priced risk amore appropriate, but according to the lastest factsheet the underlying yield of the investments is 10% and only 6% is getting paid out as dividends so the NAV is sure to rise regardless.

The day to day tick ups of a penny are interesting enough and it always makes me feel good when my investments rise in price, but really I'm looking for the share price to begin with a 1 rather than a 8 or 9. It might take a year but I'm happy to be patient.

I'm probably being greedy but a buy price of 84p is just wrong in my eyes.

Posted at 08/8/2022 15:12 by cc2014
What's not to like.

Buy last week below 80p. Can sell now for 80.8p and I've got a 1.5p dividend on its way.

83p to buy now and all the really cheap stock gone now. 83p still a decent price imho with the NAV at 95p. At least that's what it felt like to me when I bought a few at 82.5p when the share price was falling!

Posted at 25/7/2022 16:29 by cwa1
25 July 2022

Axiom European Financial Debt Fund Limited

Dividend Announcement

Axiom European Financial Debt Fund Limited (the "Company") today announces that it has declared the second ordinary dividend for the period from 1 January 2022 to 30 June 2022 of 1.50p per share. The dividend is to be paid on 26 August 2022 to ordinary shareholders on the register at the close of business on 5 August 2022. The ex-dividend date is 4 August 2022.

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