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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fair Oaks Income Limited | FAIR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.555 | 08:00:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.555 | 0.555 | 0.5575 | 0.555 |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 13/11/2024 | Interim | USD | 0.02 | 21/11/2024 | 22/11/2024 | 13/12/2024 |
| 08/08/2024 | Interim | USD | 0.02 | 15/08/2024 | 16/08/2024 | 09/09/2024 |
| 17/05/2024 | Interim | USD | 0.02 | 30/05/2024 | 31/05/2024 | 28/06/2024 |
| 22/02/2024 | Interim | USD | 0.02 | 29/02/2024 | 01/03/2024 | 02/04/2024 |
| 09/11/2023 | Interim | USD | 0.02 | 16/11/2023 | 17/11/2023 | 15/12/2023 |
| 15/08/2023 | Interim | USD | 0.02 | 24/08/2023 | 25/08/2023 | 21/09/2023 |
| 23/05/2023 | Interim | USD | 0.02 | 01/06/2023 | 02/06/2023 | 30/06/2023 |
| 23/02/2023 | Interim | USD | 0.02 | 02/03/2023 | 03/03/2023 | 31/03/2023 |
| 03/11/2022 | Interim | GBP | 0.016741 | 10/11/2022 | 11/11/2022 | 09/12/2022 |
| 12/08/2022 | Interim | GBP | 0.021327 | 18/08/2022 | 19/08/2022 | 15/09/2022 |
| 13/06/2022 | Interim | USD | 0.025 | 23/06/2022 | 24/06/2022 | 25/07/2022 |
| 07/02/2022 | Interim | USD | 0.025 | 17/02/2022 | 18/02/2022 | 18/03/2022 |
| 26/10/2021 | Interim | USD | 0.025 | 04/11/2021 | 05/11/2021 | 18/11/2021 |
| 10/08/2021 | Interim | USD | 0.025 | 19/08/2021 | 20/08/2021 | 17/09/2021 |
| 20/05/2021 | Interim | USD | 0.0225 | 27/05/2021 | 28/05/2021 | 25/06/2021 |
| 02/02/2021 | Interim | USD | 0.025 | 11/02/2021 | 12/02/2021 | 26/02/2021 |
| 20/10/2020 | Interim | USD | 0.022 | 05/11/2020 | 06/11/2020 | 19/11/2020 |
| 20/07/2020 | Interim | USD | 0.015 | 06/08/2020 | 07/08/2020 | 20/08/2020 |
| 03/03/2020 | Interim | USD | 0.007 | 12/03/2020 | 13/03/2020 | 26/03/2020 |
| 06/02/2020 | Interim | USD | 0.007 | 13/02/2020 | 14/02/2020 | 27/02/2020 |
| Top Posts |
|---|
Posted at 20/1/2025 10:32 by natspur Hello,Two questions that are probably silly but trying to understand the product:-for a UK-based investor: the shares trade on LSE in USD, does a US dividend tax get deducted when the dividend is received? (My guess is no as this remains a UK share so should only be liable to tax in the UK but just checking)-Getting a bit confused with these fund shares. Do you get charged the management fee mentioned in their report if you own the share or is this fee only for the investors who have invested money in the fund? (Again my guess is no) |
Posted at 03/1/2025 15:47 by bert_e It's fixed guys - FAIR came back to me and they have worked it out with HL - apparently it was down to a third party vendor issue. Have just purchased without problem. |
Posted at 01/1/2025 20:20 by bert_e Ah yes that is exactly the same reason they are saying for FAIR - very interesting. |
Posted at 01/1/2025 11:09 by bert_e Yeah it's nothing to do with them being complex instruments - I already have a holding and regularly buy things deemed under that category. It's because they don't have this:"assessment of value in their European MiFID Template, which is a key MIFID requirement" I've written to Fair Oaks Capital to try and get them to provide one but they are just ignoring me. HL have also apparently reached out to them. Was going to invest my API proceeds into them so a bit annoying. |
Posted at 01/1/2025 10:52 by grahamg8 Bert I last bought FAIR through HL in July, so it is definitely possible. The shares are rated high risk which is why you need to contact them on the phone. I am also fairly sure you will have had to complete the experienced/sophisti |
Posted at 11/12/2024 19:12 by cwa1 Yes indeed, a juicy dividend to look forward to :-) |
Posted at 11/12/2024 14:43 by panshanger1 Added a few when the pound was at 1.34 to the dollar Nice juicy dividend Friday |
Posted at 21/11/2024 09:21 by tag57 Blue, Given how some of my other investments have performed over the last couple of years I am not sure if there is more capital risk here, plus a fab dividend. |
Posted at 13/11/2024 09:15 by bluemango Regular 2c Q3 dividend declared, paid 13th December.The shares won't move much, but that's a fabulous yield of 14.28% on 0.56 USD. |
Posted at 22/1/2024 10:30 by euameus Liberum on Fair Oaks IncomeInvestment case remains compelling despite discount closing Analyst: Shonil Chande Mkt Cap £177m | Share price $0.56 | Prem/(disc) -1.6% | Div yield 14.4% Event Fair Oaks Income’s NAV per share of $0.564, as at 31 December 2023, represented a 0.14% monthly increase and a 12.9% NAV total return in the calendar year. Default levels firmly lower than forecast a year ago The European loan default rate increased from 1.42% to 1.62%, and the US loan default rate increased from 1.48% to 1.53% in December. These levels are significantly below market forecasts at the end of 2022. The forward-looking distress ratio decreased from 4.79% to 4.32% in Europe and from 7.30% to 6.36% in the US. Liberum view FAIR has performed very well over the past year, with the underlying performance of the CLO equity and debt portfolios very well supported by corporate measures, particularly the share repurchase programme. In the context of the near outright closure of FAIR’s discount, it may be tempting to view FAIR as relatively less attractive. We make a few key points to counter this. Firstly, At NAV (ie no discount), FAIR’s dividend yield is c.4 percentage points higher than the second highest-yielding alternative fund (market caps above £150m). Secondly, with respect to increases in default rates and the impact this can have on CLO equity valuation, as opposed to distributions given that a far more punitive environment (overacollaterlisati The two charts below show 1) the downward trend in the core USD CLO equity valuations in particular, mitigating risk, and 2) the potential positive impact on NAV from upward moves in valuation. If the market has modelled overly pessimistic assumptions for USD CLO equity, the prices of some of the US CLO equity tranches could rally significantly. We also note the manager’s comment in the factsheet: “Assuming the US default scenarios forecast by S&P Global Ratings, we estimate that the gross IRR for the Master Fund would be 33%, 26% and 15% in an optimistic, base and pessimistic scenario, respectively.” Alignment and repurchases FAIR has overseen a highly effective share repurchase programme since October 2022, with tangible impact across several metrics. A focus on CLO equity, which has historically delivered a double-digit cash yield, and CLO debt, meant that even after reducing its annual dividend, in 2022, from 9.5c to 8c to fund the repurchases, the dividend yield at NAV remained above 13%. Other initiatives include the fixed-life realisation share class and re-investing 25% of management fees whenever the shares trade at a discount. We are BUYers with a target price of $0.66. |
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