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Share Name Share Symbol Market Type Share ISIN Share Description
Fair Oaks Income Limited LSE:FAIR London Ordinary Share GG00BF00L342 2017 SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.635 114,742 08:00:08
Bid Price Offer Price High Price Low Price Open Price
0.62 0.65 0.66 0.635 0.635
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -1.43 -2.27 -0.46 297
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:59 O 10,000 0.63 USD

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Date Time Title Posts
18/2/202110:24Fair Oaks Income Fund148
13/11/201123:36Undervalued Natural Resources Stocks171
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Fair Oaks Income (FAIR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-03-04 16:38:000.6310,0006,300.00O
2021-03-04 16:25:370.6030,00018,030.00O
2021-03-04 13:20:180.6212,7257,889.50O
2021-03-04 09:50:190.632,0071,258.39O
2021-03-04 09:21:130.6320,00012,600.00O
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Fair Oaks Income (FAIR) Top Chat Posts

DateSubject
04/3/2021
08:20
Fair Oaks Income Daily Update: Fair Oaks Income Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker FAIR. The last closing price for Fair Oaks Income was US$0.64.
Fair Oaks Income Limited has a 4 week average price of US$0.61 and a 12 week average price of US$0.60.
The 1 year high share price is US$0.70 while the 1 year low share price is currently US$0.26.
There are currently 467,728,360 shares in issue and the average daily traded volume is 295,633 shares. The market capitalisation of Fair Oaks Income Limited is £297,007,508.60.
18/2/2021
10:24
davebowler: Liberum; Event Fair Oaks Income Fund's NAV per share at 31 January 2021 was $0.664, representing a 5.3% NAV total return in the month. January's NAV performance benefited from upward revaluations in certain investments with short reinvestment periods. Rising loan prices have increased the liquidation NAV for the equity tranche holders. There is further potential upside for these positions from refi/reset activity. Loan markets were broadly positive in January, with returns of 1.2% in the US and 1.0% in Europe. Loan prices have benefited from rising demand from retail inflows into US loans funds as investors seek floating rate exposure due to a steepening yield curve. 12-month trailing default rates have continued to decline and are now 3.4% in the US (previously 3.8%) and 2.1% in Europe (previously 2.6%). CLO spreads on new issues have compressed further in January. AAA US and EU new issue spreads fell to 1.15% and 0.87% at the end of January compared to 1.32% and 1.06% in the prior month. The positive environment should create opportunities for CLO equity holders to refinance or reset the CLO liabilities at more attractive levels. Master Fund II is nearing the end of its investment period. As previously indicated, FAIR will offer shareholders the opportunity to participate in a new share class that will invest in a new Master Fund, similar to the approach taken by the fund in 2017. The new Master Fund will reinvest principal receipts received from the current Master Fund in a new pool of assets, with a fixed investment period and maturity. Liberum view The tightening of CLO liability spreads is set to continue as investment demand strengthens. In combination with improving fundamentals (lower default rates, rising OC test cushions), the environment for CLO equity and mezzanine returns remains very favourable. Significant refinancing activity is expected in 2021. Equity tranches should benefit from a lower cost of capital, resulting in higher expected IRRs. Debt tranches also offer upside through repayment at par and we note several of FAIR's CLO debt tranches experienced large price increases during January. FAIR's flexible mandate leaves it well-placed to capitalise on relative value opportunities across CLO structures.
09/2/2021
17:33
cerrito: Davebowler, I have just seen your 478 on the VTA thread covering Liberum on Fair.. A forecast for a 26pc NAV increase caught my eye noting the decent December 20 NAV performance although that the buy price today at 65 is higher than the 311220 NAV. My question to myself is as a £ investor at these exchange rates do I want more US$ assets.
02/2/2021
07:40
grahamg8: 13 November 2020 post 142: Biden stimulus package - check, Covid vaccine - check, more income - 2.5c check, share price growth - check. The world has moved on a long way in 10 weeks and FAIR seems to have stabilised which is great news. I'm particularly pleased with the reference to 'quarterly' dividend. That sounds like a lot of confidence going forward, even if the size of the dividend may be a bit lumpy.
14/12/2020
21:10
rambutan2: As at the close of business on 30 November 2020 the estimated unaudited Net Asset Value of the Company's Shares was as follows: Fund Name: Fair Oaks Income Limited NAV 2017 Shares USD: 0.5877 Monthly Performance: 6.95%
27/11/2020
17:31
grahamg8: NASA started assembling the SLS rocket on 19 November. The biggest in the world (of course), just about matched by the FAIR share price with a bit of luck.
13/11/2020
07:39
grahamg8: Historically the share price has followed the NAV very closely. The link was broken in roughly November 2019 but is much closer now although still lagging by a few %. My point being that if the NAV keeps going up or even stabilises the share price lag will eventually follow. Biden is tipped to launch a major stimulus package which should reduce the risk of loan defaults, plus with the prospect of a Covid vaccine we should be looking for more income and capital growth. Nice.
20/10/2020
06:28
grahamg8: Dividend, yesssss. See post #126. In fact 2.2c in the quarter is higher than the historic 0.7c per month. Another jump in NAV bodes well for an share price rise when the markets open. Although down on capital over my 5 year holding, when the dividends are added back I am in the black, wow. Plus traded out at the end of 2016 and bought back in early 2018 for a little extra return. Overall not too unhappy with the way things have gone. Still disgruntled with the new share issue as I can't help feeling there was a bit of sculduggery in crashing the share price and then almost immediately bringing in new investors at a rock bottom price.
18/9/2020
19:28
spectoacc: But why not buy at a lower price in the market, if concerned by share issuance at higher prices? Obviously hasn't diluted by the amount the portfolio has "bounced back" by, unless the cash raised wasn't deployed, in which case the dilution would be proportionate to the number of shares issued. Or looking at it another way - your argument is that NAV and share price would be higher now, if they'd never raised those 3 tranches & hadn't had that cash to invest at or near the bottom? I'd argue the opposite. Did Numis respond to you, out of interest?
28/3/2020
21:40
rambutan2: Latest fact sheet: hTtps://www.fairoaksincome.com/~/media/Files/F/Fair-Oaks-IF/Fair%20Oaks%20Income%20Fund%20-%20February%202020.pdf We have modelled a stress scenario to reflect the current market environment. The key assumptions imply a significant increase in defaults in Oil & Gas, Hotel, Gaming & Leisure, Retail and Consumer Transportation sectors, CCC rated and loans trading at a discount. We give very limited credit to reinvestment, assuming low prepayments and a reinvestment price 10pt above current index levels. Using prices as at February 28th and excluding the impact of the share price discount to NAV, the gross IRR under this scenario is -2.4%3. The CLO market has not been spared the stress and volatility experienced by broader markets in March. In these unprecedented times, we will endeavour to keep our shareholders and general market informed about the evolution of the market and Fund.
10/1/2019
18:00
grahamg8: Well it makes a 15% running yield. The only problem is that the share price has dropped by 20%. The asset value is down around 5%. So this means a great buying opportunity or the assets are greatly overstated. If the US economy takes a downturn then property prices will go down and debt defaults will rise. Which would make a perfect storm for FAIR. Clearly pessimism has taken over for the moment but that could easily be reversed. It has happened before with the FAIR share price bouncing off previous lows. I'm hanging on for the moment. The bounce was very fast taking just 2 months in Summer 2016. I remember it well and rode the price down and back up again, pretty scary at the time. The madman in the White House only has two more years till he gets kicked out. Then hopefully normal service can be resumed.
Fair Oaks Income share price data is direct from the London Stock Exchange
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