We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ejf Investments Ltd | LSE:EJFI | London | Ordinary Share | JE00BF0D1M25 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 95.50 | 92.00 | 99.00 | 96.00 | 95.50 | 96.00 | 0.00 | 08:00:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 18M | 14.26M | 0.2331 | 4.10 | 58.39M |
TIDMEJFI
EJF Investments Ltd
08 October 2019
London, UK, 8 October 2019
Edison issues update on EJF Investments (EJFI)
EJF Investments (EJFI) delivered a 9.5% total return in H119. Despite the recent US rate cut receiving much attention, conditions remain supportive for US community and regional banks and insurance, whose subordinated securities support the US securitisation risk-retention investments that, along with related securities, account for 72% of EJFI's portfolio. Management remains optimistic on this asset class. In April EJFI redeemed a collateralised debt obligation (CDO) netting GBP8.9m in total, having earlier purchased one in March (forecast IRR 10-11%) and completed a further $11m investment in September.
EJFI has traded close to NAV and has fluctuated between -3% and +2% since 2017. However, the NAV recently increased and EJFI is now trading at a discount of c 10% to the end-July NAV (adjusting for the 2.675p dividend paid in August) on no particular news.
Click here to view the full report.
Subscribe to Edison's content to receive reports by email.
All reports published by Edison are free-to-access and available on the website.
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Pedro Fonseca, +44 (0)20 3077 5700
Andrew Mitchell, +44(0) 203 681 2500
financials@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-group- Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
NRAFVLFBKBFBFBK
(END) Dow Jones Newswires
October 08, 2019 07:12 ET (11:12 GMT)
1 Year Ejf Investments Chart |
1 Month Ejf Investments Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
