Carador Income Share Discussion Threads

[dendria] 07/2/2013 21:26

So they hold it in a USD account for you? Not experienced that one - a good arrangement.

[rat attack] 07/2/2013 20:14

dendria - with TD you receive the dividend in USD which you are free to convert into GBP if you so wish at a time of your choosing.

[dendria] 07/2/2013 19:03

Can I ask what $/£ rate you receive?

[solarno lopez] 07/2/2013 16:41

Mine came through today on a sterling account

[jonwig] 07/2/2013 16:28

rat - same problem here with TD.

I generally e-mail them after a week or so, and they had a real problem over Christmas and NY.
They explained they were 'still catching up'.
I suspect forex dividends are moved manually from the nominee account to individual accounts.

[rat attack] 07/2/2013 14:33

No div as yet (TD), but they always range from days to 2 weeks late which I can never understand - you would have thought that most systems these days were fairly similar?

[dendria] 07/2/2013 13:54

Dividend in account today (Thu 7 Feb) 1.0305p (IWeb)

[solarno lopez] 06/2/2013 10:38

how do we contact ADVFN to repair the chart which is not responding to daily changes

[solarno lopez] 01/2/2013 11:52

Many thanks RA

[rat attack] 01/2/2013 10:42

It yields circa 12% based on last 4 quarters, but there was an additional payment in Dec prior to c share conversion including an amount on reserve account which cannot be stripped out, therefore just an approximation.

[solarno lopez] 01/2/2013 10:18

sorry guys but i am not very deft at putting pints in the right place with currency conversation so can somebody please tell the current/exopected yield on CIFU

[rat attack] 29/1/2013 08:28

TFG trading @ 11.53 so 20% of discount already gone! Yielding just under 4%. Someone could have picked up a bargain @ 80c in Q1 2009!!

[flying pig] 29/1/2013 07:29

Tetragon comments

[jonwig] 27/1/2013 09:33

Interesting general article on CLOs.
A follow-up will look at specific opportunities:

[dendria] 22/1/2013 18:54

By all accounts it seems the GBP is going to come under pressure this year - an even better case for having those CIFU USD dividends.

[madmix] 22/1/2013 16:30

I note that today's volume traded has been fairly high. 4.3m is the highest in the last 6 months I believe.

[solarno lopez] 22/1/2013 10:29

Still a very tasty yield and paid quarterly

[rat attack] 22/1/2013 09:16

Jonwig - hopefully! Difficult to compare last two quarters as figures inconsistent due to c shares, but if we take latest quarterly earnings of 0.336 of which, say, 95% paid in dividends (c97% historically) this gives 0.032 or 0.128 per annum equating to a yield of 11.96%. There may be a little, but not much, upside from investments bought ex interest. This provides a 1-2% reduction in yield from previous year, seems to be a bigger than expected price to pay for the conversion of c shares?

[pejaten] 22/1/2013 08:58

Jonwig I was expecting a significant increase in income from income notes to reflect the additional purchases with more if this being diverted to capital for similar reasons. Instead income from income notes was flat and diversion to capital fell significantly.Reading through the statements I guess q4 may be misleading because they said that investments were largely bought ex income.

[solarno lopez] 22/1/2013 08:53

Thanks JONWIG

[jonwig] 22/1/2013 08:47

Rat - I don't think it will be as bad as that!

Solarno - the key number is net income per share for the quarter. If that settles around this quarter's $0.0336 we should be OK.
On the one side, less income is being diverted to capital so more is paid out; on the other, there's the performance fee we have to share.

[rat attack] 22/1/2013 08:20

Interesting to see that if you pro-rata todays dividend and extrapolate it for the full year the annual yield falls to 9.17%, thats a significant drop!

[solarno lopez] 22/1/2013 08:15

JONWIG how does the conversion auger for future dividends

[jonwig] 22/1/2013 08:13

The 'excess' dividend is, as you say, because of underpayment from previous quarters, but also this is down to C-share conversion - income for ords not C-shares.

And the fall in income of 13% is due to the higher number of shares in issue following conversion.

The C-share portfolio will have been yielding less because the assets will have been bought at a higher price.