Fair Oaks Income Share Discussion Threads

[cerrito] 19/12/2015 23:07

I thought the Manager was upbeat in the November update but we have to brace ourselves for a mark to market down in NAV in December given conditions in the loan market; obviously with the cable at 1.49, in £ terms we have protection but would not count on £ weakening further against the $.
You are right webclick99 that the final dividend is welcome
I am comfortable with what I have
hxxp://www.fairoaksincomefund.com/~/media/Files/F/Fair-Oaks-IF/Fair%20Oaks%20Income%20Fund%20-%20November%202015.pdf

[webclick99] 18/12/2015 15:32

Gosh, this is a quite thread. Given the dividend announcement yesterday that makes the yield 9-10%, so I've added some more. I wasn't expecting such a large final year end div.

[cerrito] 09/11/2015 20:54

I have noted to myself that this is a quiet thread and one reason perhaps is from what I learnt from reading he August prospectus namely that there are 9 holders in excess of 3% who have in aggregate 71% odd of the stock ie in concentrated hands

[atholl91] 09/11/2015 08:08

Cerrito, I think I'm going to buy more because I think GBP could weaken further if the FED raises in Dec.

[cerrito] 09/11/2015 00:02

Have been looking at whether I should buy more; I note their comments that the NAV in September was hit by conditions in the secondary market affecting via the mark to market the NAV.
Will wait to see the 31.10 NAV figure but the real question is as a £ based investor do I want to buy US$ assets at $1.5050 per £1. Probably not.

[jaws6] 21/7/2015 07:28

New C shares issue RNS

[wirralowl] 07/7/2015 09:29

After a couple of emails, finally received my dividend payment from idealing this morning, a mere 12 days after it was due!

[wirralowl] 02/7/2015 16:09

Anyone still waiting on their June dividend here? Due on 25th according to the RNS, yet still waiting for mine from iDealing. Not really like them, but I've given them a nudge.

[davebowler] 07/5/2015 12:57

Liberum;
Volta Finance (BUY, TP €7.65)
Investment policy changes approved

Event
At yesterday's EGM, the resolution to amend the company's investment policy was passed by shareholders. Changes to the investment policy were required in order to comply with the eligibility criteria for listing on the official list of the UKLA. The approved changes remove the board's discretion on investment limits in different asset classes and individual assets.

Liberum view
The listing of VTA's shares is now expected to take place before the end of the month. We believe this will act as a catalyst for an improvement in the share rating given the discount VTA trades at in comparison to London listed peers. VTA's 11.1% discount to NAV is 14 percentage points wider than the peer group average (3% premium).

[davebowler] 16/2/2015 13:43

www.google.co.uk/finance?q=vta.as&ei=C_PhVODRBJHDwAOluYAo

[davebowler] 12/2/2015 16:17

Alternative idea -Volta ;
Investec;

Following the Company's statement in its December 2014 monthly report that it expected to be admitted to trading on the LSE by mid-February 2015, the Company has suffered a delay due to an unforeseen technicality relating to the eligibility criteria for listing on the Official List of the UK Listing Authority The Board remains committed to seeking admission to trading on the LSE and, subject to obtaining shareholderapproval for the changes to the investment policy, the Company anticipates becoming admitted to trading on the LSE during May 2015.

Investec Insight

¢ As we have previously highlighted, VTA looks especially attractive at current levels of discount, especially when comparables like the London listed Carador (CIFU) and Blackstone GSO Loan Financing (BGLF) are trading at small premiums to NAV and are invested in roughly the same areas.

¢ Returns have been excellent over the full cycle and AXA, the Paris based manager, has managed to deliver annualised returns of 10.7% over the most volatile period in the history of the asset class.

¢ The fund has been hampered by the poor liquidity on the Euronext and we believe the planned London listing should help with both the profile of the fund and liquidity of its shares going forward.

[wirralowl] 20/1/2015 17:22

Only just seen the RNS from the 16/1, but certainly explains the recent share price rise.

A near 4% payment for the period, plus the following:

"The Company will continue to target an annual net total return of 12-14%* over the planned life of the Master Fund and it is expected that dividends will constitute the principal element of the return to the Company's shareholders"

Lovely to be receiving monthly dividends too of at least 0.7 cents, plus the tease of a final larger 12th dividend depending on earnings.

NAV up 0.44% on the month too...

[yieldsearch] 19/12/2014 09:17

T2 Income Fund CLO I Ltd
Redemption Notice

hxxp://www.ise.ie/app/announcementDetails.aspx?ID=12190446

[dendria] 03/7/2014 17:37

I intended buying in but got distracted elsewhere. I already have a number of CLO holdings so just watching for now.

[envirovision] 03/7/2014 13:03

Did you buy in or just watching dendria ?

[aa04] 13/11/2011 23:36

fairdeal2008 is currently on "NEW" thread you could ask him on there

[football] 09/11/2011 08:03

Fairdeal2008 - do something about your BEM thread


pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!!

[nickderby] 08/11/2011 09:01

delt, Fairdeal can't ban him now as the nutter has upgraded
his membership to blue status. He can only be filtered by individuals.

[delt2] 08/11/2011 08:55

Fairdeal, he is still posting offensive posts on BEM.

[ianpuddifoot] 05/11/2011 11:00

Fardeal any chance of going to your Bem thread and ban the nutter on there

[yangou] 03/11/2011 21:47

ORSU is lower than even why i bought at what I believed could not go lower. Today 8p and could not sell any. But if the company is still good then great buying opertunity. But think this one will take some time to materialise

[vivgav] 03/11/2011 17:54

FD

Did you take advantage of KIBO today when 2/2.75?

[delt2] 03/11/2011 16:38

Fairdeal. I agree with nick, BEM board has fallen into disarray because of N3tleyLucas and Bethany3. It needs tidying up. It is serious as I have been reliably informed that they are being investigated.

[nickderby] 03/11/2011 08:40

Fairdeal - Ignore that request, he's now gone blue so we will just have to filter him!