Slf Realisation Share Discussion Threads

[gopher] 01/3/2023 11:25

A little trading activity in recent days including a director buy of C's. Announcement imminent?

[2wild] 05/12/2022 16:46

Sold 20000 Ords on Friday morning at 7.844p Brought back today at 5.74p. Just wish I'd sold a lot more on Friday

[gopher] 02/12/2022 22:55

Ex div today with a return of capital of 1.5p to both classes of share. The C dropped by that amount but ordinaries dropped by more than 2p both remain a long way below NAV foR a trust in wind up

[ctrader3] 11/11/2022 09:14

SLF Realisation Fund Limited

("the Company")

LEI: 2138007S3YRY3IUU4W39

QUARTERLY NET ASSET VALUE UPDATE





SLF Realisation Fund Limited (the "Company") announces the following NAV updates.

Ordinary Shares:

As at 30 September 2022, the unaudited estimated NAV was £59.03m or 16.58 pence per Ordinary Share. This compares to £62.07m or 17.44 pence per Ordinary Share from the June 2022 audited NAV.

The total return per Ordinary Share during the period from 30 June 2022 to 30 September 2022 was therefore 0.8 per cent (after taking into account capital returns during the period). A total of £3.56m has been returned to Ordinary Shareholders during the period, reflecting 1 pence per Ordinary Share.

C Shares:

As at 30 September 2022, the unaudited estimated NAV was £19.60m or 14.11 pence per C Share. This compares to £26.10m or 18.79 pence per C Share from the June 2022 audited NAV.

The total return per C Share during the period from 30 June 2022 to 30 September 2022 was therefore 1.7 per cent (after taking into account capital returns during the period). A total of £6.95m has been returned to C Shareholders during the period, reflecting 5 pence per C Share.

[ctrader3] 11/11/2022 09:08

SLF Realisation Fund Limited

("the Company")

RETURN OF CAPITAL VIII


The Board of Directors of SLF Realisation Fund Limited is pleased to announce that it has resolved to return an amount of 1.5 pence per share to Ordinary Shareholders, being £5.3m based on the current number of shares in issue, and to return an amount of 1.5 pence per share to C Shareholders, being £2.8m (the "Distributions").

The Distributions will be effected by way of an issue of redeemable B shares and D shares to existing Shareholders pro-rata to their shareholding on the record date set out below and the subsequent redemption of those shares.


payment 14 Dec, a xmas bonus.

[ctrader3] 22/10/2022 07:25

20/10/2022 17:00:01 ▼

SLF Realisation Fund Limited


Asset Realisations



The Board of the Company is pleased to announce that a settlement agreement has been reached regarding Borrower 5* within the Ordinary Share Class Portfolio, a US Solar Manufacturer which ceased operating in early 2017 and has not restarted operations since then. The settlement agreement is in regard of a Parental Guarantee from Shunfeng International Clean Energy Limited ("the Guarantor"), Borrower 5's Hong Kong listed parent company at the time.



The Guarantor, SQN Asset Servicing, LLC "the Agent" (on behalf of the other lenders within the syndicate), and the Company have agreed to settle with an agreement comprising an immediate cash payment of $3m. As directed by the Agent, the Company will receive $2.55m and the other lenders will receive $0.45m. In addition, within two months the Company will receive 100m shares of common stock in the Guarantor, and in one year either $1.8m in cash or the equivalent value in Guarantor shares of common stock at the Guarantor's option. The position had a carrying value of £1.03 million as at 30 June 2022.

[ctrader3] 21/10/2022 13:14

Borrower 19 12% Fixed Asset


 Secured against paper manufacturing machinery located in Aberdeen and Kent.
 Supported by an independent valuation report.
 The fund has accepted an offer from the company to acquire the equipment for £1.5m we have used this cash flow for the FV.
 We have assumed it will take until the end of October 2021 to close the transaction.

[ctrader3] 21/10/2022 13:09

SLF Realisation Fund Limited

("the Company")


ASSET UPDATE - BORROWER 19



SLF Realisation Fund Limited (the "Company") announces that Borrower 19*, a loan held within the Ordinary Share portfolio, has experienced a negative credit event following the collapse of a business sales process and the business being placed into administration by the management team. The valuation of Borrower 19 as at 30 June 2022 was £2.5m, representing 0.7p pence per Ordinary Share.

The Company is working with Borrower 19 and the administrators to gather further information and assess the Company's options.

[2wild] 04/10/2022 13:58

Decent spread on ords 6.6p to 6.7p.
7p to 7.6p on Cs

[ctrader3] 02/10/2022 12:20

chucko1 30 Sep '22 - 10:58 - 932 of 933


The rate of amortisation on many of the loans in the C portfolio has been impressive. I am ignoring their words (where they talk in generalities, not differentiating between the Ords and the Cs), and looking at the facts. The Cs are notably cheap once again.

There are many clues in their annual (and semi) statements which strongly indicate a C loan portfolio which has moderately good chances of returning a further 15p. Over the past year, these loans have been providing 0.75p per quarter of cash, and the level of cash on the balance sheet attributable to the Cs (as of June 30th) indicates a healthy cash inflow.

Will the inflow continue at this pace? That is the risk, but most of the loans are still described as paying down on time. The most troubled one is actually the one amortising the fastest.

[ctrader3] 02/10/2022 12:20

The Ordinary Share NAV at 30 June 2022 was £62.07 million (17.44p per Ordinary Share)
compared to £93.24 million (26.19p per Ordinary Share) as at 30 June 2021.


The Board of Directors of SLF Realisation Fund Limited is pleased to announce that it has resolved to return an amount of 1 pence per share to Ordinary Shareholders, being £3.6m based on the current number of shares in issue.
July

NAV £58.47 m > 16.42p per ordinary
current share price 6.25p value £22.25 m

[ctrader3] 02/10/2022 12:19

SLF Realisation (KKVL)



The Board expects the wind-down plan will likely take approximately 18 to 24 months to exit the majority of the remainder of the portfolio. Our goal is to achieve a balance between maximising value received for assets and making timely returns of capital. Whilst the realisation program has proceeded extremely well so far and certainly ahead of expectations, we are cognisant of the greater risk that remains in the balance of the portfolio, as whatever remains in the portfolio has not yet achieved a satisfactory exit. The Board continues to work on achieving positive outcomes. The task ahead remains great and as always, we shall keep investors informed of any developments as they occur. We thank investors for their continued support and we hope to be in a position to report more progress in the coming months.

[ctrader3] 02/10/2022 12:16

I've updated the thread for SLFR (KKVL) for the ordinary
shares only.

[ctrader3] 02/10/2022 12:15

Updated thread for KKVL