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 | Stock Type |
|---|---|---|---|
| Rm Secured Direct Lending Plc | RMDL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 90.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 90.00 |
| Top Posts |
|---|
Posted at 16/9/2020 08:43 by a0002577 Today the company made this announcement - quite a coup." RMDL is therefore the only listed debt fund with access to the CBILS scheme which supports new loans into our focus areas, whilst supporting British businesses and protecting shareholders capital by reducing downside exposures. The Investment Manager sees this as a major credit enhancement for any eligible new loans which can be facilitated under the scheme. The CBILS scheme is due to finish at the end of September and the Investment Manager is progressing on several transactions which will be eligible under the scheme." |
Posted at 16/6/2020 10:07 by davebowler Liberum;Dividend cover on track Mkt Cap £95m | Prem/(disc) -14.4% | Div yield 8.3% Event RM Secured Direct Lending's NAV per share at 31 May 2020 was 91.1p, representing a NAV total return of 2.3% for the month. The positive NAV performance was driven by net interest income of 0.5p (+0.6%) and an increase in portfolio valuations of 1.5p (+1.7%). At 31 May the portfolio consisted of 33 debt investments with a running yield of 9.5%. The portfolio is diversified across 13 sectors and mainly comprises bilateral private loans (60% of portfolio). The remainder is in club or syndicated private loans (38%) and more liquid corporate debt (2%). During May, the manager sold the £3.5m position in Premier Foods to repay the revolving credit facility and provide additional capital for investment opportunities. RMDL has also provided an update on the £4m asset backed corporate loan to Trent Capital. This is the second growth financing transaction, following a successful loan to ICP Nurseries (exited in 2019). These loans provide potential upside if the business executes its growth strategy and downside risk is mitigated by loan collateral. In the case of Trent Capital, RMDL owns 46% of the new equity for providing the growth financing (currently valued at nil). Trent Capital operates three businesses - Fusion Energy (energy efficiency solutions for households), Trianco (manufacture and distribution of electric boilders) and Grizzly Ovens (manufacturer of charcoal ovens). The collateral for the loan includes a mixed property portfolio and two commercial land parcels. The manager has provided support to Trent's management team since 2019. The manager will receive options of 15% over the equity in Trent (exercisable once the loan to RMDL has been fully repaid). Liberum view Portfolio performance has remained robust and RMDL is on track to generate dividend cover of c.1.1x for H1 2020. Loan valuations have also continued to recover following the significant mark-to-market movement in March. There is potential for additional NAV upside as the average mark on the portfolio is 92.52. The valuation is based on fair value estimates using a combination of third-party pricing (34% of the portfolio) and an independent valuation agent (66% of portfolio). RM Secured Direct Lending should be relatively well positioned in the direct lending sector given its flexible mandate and diversified portfolio. Downside risk is mitigated by collateral, loan structuring and covenant packages. |
Posted at 01/5/2019 18:47 by a0002577 And a special dividend announced today - so still a happy holder! |
Posted at 12/4/2017 10:54 by spectoacc Interesting real price in the market.6.5% yield target "in 2018" and more like 4% this year. Not seen a NAV RNS for a month but c.97.38p makes me reluctant to pay a premium - particularly since having considered RMDL & SQN, I've ended up very overweight SMEF, & all 3 operate in similar area. Good luck. |
Posted at 12/4/2017 10:33 by a0002577 Picked up a few more of these today for my SIPP at a price of 101 - so marked as a SELL.Looking forward to first dividend now. Seems to be ticking on well with loans being made at attractive yields. |
Posted at 22/12/2016 13:57 by moormoney This one looks interesting and could do very well. Joanne Hart covered it for the Mail on Sunday and highlighted the dividend prospects. I have just picked up a few while it's quiet. |
Posted at 16/12/2016 10:45 by fabiowelborn Just tried buying RMDL into my SIPP and apparently its not eligible for this. |
Posted at 15/12/2016 10:29 by davebowler It has the aim of investing in a wide selection of loans (secured on assets) to small to medium sized UK businesses.It expects to pay an annual dividend of 6%, and as the loans it invests in will tend to be at a higher rate than that so there may be a bit of capital growth too. |
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
