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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Slf Realisation Fund Limited | LSE:SLFR | London | Ordinary Share | GG00BN56JF17 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.005 | -0.26% | 1.915 | 135,088 | 16:35:26 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1.81 | 2.02 | 1.81 | 1.81 | 1.81 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | -13.89M | -16.7M | -0.0469 | -0.39 | 6.83M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:23:58 | O | 19,201 | 1.81 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/7/2024 | 14:00 | UK RNS | SLF Realisation Fund Limited Asset Realisation |
| 11/7/2024 | 16:00 | UK RNS | SLF Realisation Fund Limited Director Declaration |
| 26/6/2024 | 16:30 | UK RNS | SLF Realisation Fund Limited Asset Realisations |
| 07/6/2024 | 16:00 | UK RNS | SLF Realisation Fund Limited Holding(s) in Company |
| 05/6/2024 | 17:55 | UK RNS | SLF Realisation Fund Limited Director/PDMR Shareholding |
| 31/5/2024 | 16:30 | UK RNS | SLF Realisation Fund Limited Change of Registered Office and Administrator |
| 15/5/2024 | 11:25 | UK RNS | SLF Realisation Fund Limited Holding(s) in Company |
| 23/4/2024 | 17:11 | UK RNS | SLF Realisation Fund Limited Net Asset Value(s) |
| 28/3/2024 | 14:28 | ALNC |  TRADING UPDATES: Baron Oil surrenders licence; DG Innovate proposes JV |
| 28/3/2024 | 07:00 | UK RNS | SLF Realisation Fund Limited Asset Realisation |
Slf Realisation (SLFR) Share Charts1 Year Slf Realisation Chart |
|
1 Month Slf Realisation Chart |
Intraday Slf Realisation Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/7/2024 | 08:33 | An updated thread for KKVL with chart | 98 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:23:59 | 1.81 | 19,201 | 347.54 | O |
| 2024-07-26 14:22:05 | 2.02 | 495 | 10.00 | O |
| 2024-07-26 14:22:05 | 1.81 | 874 | 15.82 | AT |
| 2024-07-26 12:26:31 | 1.81 | 5,620 | 101.72 | O |
| 2024-07-26 10:13:43 | 1.81 | 89,697 | 1,623.52 | AT |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Slf Realisation Daily Update Slf Realisation Fund Limited is listed in the Finance Services sector of the London Stock Exchange with ticker SLFR. The last closing price for Slf Realisation was 1.92p.Slf Realisation currently has 355,975,669 shares in issue. The market capitalisation of Slf Realisation is £6,443,160. Slf Realisation has a price to earnings ratio (PE ratio) of -0.39. This morning SLFR shares opened at 1.81p |
Posted at 17/7/2024 15:12 by cousinit Agree.Although seems to be 4p on the offer now. Was out and about at the wrong time! Clearly being on an errand buying plants should be outside market hours... Had been nibbling away at both share classes outside of my ISAs given the likely delisting. |
Posted at 17/7/2024 15:04 by chucko1 At 3.5p (to buy) if they repay 3p capital in a month, then the ex value of the share is 0.5p, but still with about 2p of NAV (albeit it in three loans, of which one dominates). 75% discount, but with the risk of de-listing and higher costs. But at a fraction of the capital at risk, as 100% of the prior carrying value (3pps) gets repaid.Just added more!! |
Posted at 17/7/2024 14:51 by chucko1 Just landed!! Share is now very, very cheap again.Paid full amount. |
Posted at 26/6/2024 18:59 by chucko1 A loss of only 0.05pps. Given the discount on the Ords, a non-event so far as the share is concerned.Still all quiet on the helicopter front. |
Posted at 26/6/2024 16:31 by spectoacc Not such a rosy one for the Ords:"The Board of the Company announce that within the Ordinary Share Class portfolio, Borrower 23* has settled their facility. The position repaid a negotiated £96,700. It had a carrying value of £258,000 as at 31 March 2024. No Income was received from the Borrower between quarter end and the settlement date, the difference in value represents a loss." |
Posted at 28/3/2024 12:32 by wilwak I agree. A total punt.Prior to delisting I can see the shares collapsing to well below 0.5p. Could be worth a dabble depending what’s happened in the meantime. Very few investors want to be stuck with a delisted share. |
Posted at 21/3/2024 18:32 by wilwak The big problem here is that if they delist they can’t be held in an ISA so holders in ISA’s may be forced to sell to keep the value within an isa.Anybody fancying a punt on this should look to buy in the days leading up to the delisting when the share price is likely to plummet. Depending how low they go I could be tempted. |
Posted at 20/12/2023 17:22 by chucko1 2wild, that's about the size of it! However, as the number of credits diminishes, the risk increases and that helps to explain (if anything ever really does) the increasing value in the shares. Yes, 33% discount on the realisation at the same time as a 50-60% discount on the share price is always a good thing, but seldom shows up immediately. |
Posted at 24/11/2023 19:19 by chucko1 It seems to me that the benefits of running it still outweigh the costs. Suniva was a very good result (well, relative to the most recent paltry value assigned to it) given the previous management despair over the costs of getting anything out of it. It seems that patience is still being rewarded to an extent.I am not sure how to analyse the Cs any more - I do not understand why they cannot get the helicopter sold in short order. It is a tangible and moveable asset which has a value known to a good degree of accuracy. But I sense they are only able to rely upon an income stream derived from its use. The collateral (asset) is not the helicopter, but the loan. I wonder if there was a deficiency in the original documentation, but that is little more than a wild guess. Were they to sell the helicopter loan, then I think they could sell the other C loans at 70% to someone and at that stage, with just £3mn assets on the Cs, a final hit of £900k would be tolerable - especially considering the current share price and the fact that the wind down on the Cs had been way beyond expectations relative to the NAV of the portfolio upon commencement of wind down. They would leave with reputations enhanced. But the complication is that there are a number of small loans still in the Ords portfolio and I cannot see a buyer for any of these. And certain fund costs are shared (in some undefined manner) between the Cs and the Ords. It ought to be in proportion to the NAV of each share class, but I am not sure it is. Normally, a wind down such as this would result in a quick sale of the remaining odds and sods once the 90% barrier was breached. But this is a portfolio like few others! What might happen for other sorts of portfolios is that you could appoint a special administrator (servicer) who would merely manage flows, but NOT look to enhance value via extension or refinancing etc. This would result in far lower costs at the expense of realising any further potential. And this would also be far more relevant for an investment grade loan portfolio, or at least one which was not so distressed (as are the Ords). There might be some solution to the rump which involves factoring or such like, but they would not want to say anything about that until it was a done deal for fear of damaging current refinancing negotiations. With the Cs at 4p to buy and an NAV of 6.25p, even with this uncertainty I see it as a decent risk-reward. Other than the helicopter, the loans appear to be doing fine, paying amortisations and interest when "due" (one is rescheduled). Even if the helicopter loan was haircut by a further 40%, you would still be about breakeven. All that said, their more recent statements have indicated this might take a while longer, and by the end of 2023 was not what I was expecting. More like end of 2024. |
Posted at 19/7/2023 18:03 by chucko1 The raison d'être of SLFR is the repayment of loans associated with the ADs or the French glass company.This is a tiddler by comparison and was generally expected to make full repayment. The only reason it is 1/6th of the share price is that the rest is at a tremendous implied discount. The triviality of this repayment can be associated with the triviality of the movement in the share price today. The Cs moved the same amount, as it happens, so this could even be associated more with the low core CPI print. |
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