Share Name Share Symbol Market Type Share ISIN Share Description
SQN Asset Finance Income Fund LSE:SQN London Ordinary Share GG00BN56JF17 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.40p +0.44% 92.00p 91.20p 92.00p 92.00p 91.60p 91.60p 1,834,967 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 31.4 -0.5 8.6 10.7 328.22

SQN Share Discussion Threads

Showing 126 to 150 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
08/5/2018
14:01
Obviously 200k is a drop in the ocean compared to 357m shares but it shows intent. I must admit I am a puzzled by the recent price movements. Is it drifting lower again due to concerns on Suniva again?
makinbuks
04/5/2018
08:20
200k buyback yesterday.
spectoacc
29/3/2018
17:04
If they are confident in the NAV and discount remains then share buybacks would be sensible use of any surplus cash. If they are too large then they can right size in a NAV accretive manner.
scburbs
29/3/2018
15:23
I agree (& also says something about SSIF's intention to grow in size) but - it also shows they're not chasing the market and that they'd rather give back the money than sit on it.
spectoacc
29/3/2018
14:10
Not being able to complete the c share cash call is not only bad for the manager in terms of fees but raises questions on whether they will be able to churn repayments into new loans at a constant rate and thereby sustain their model.
makinbuks
25/3/2018
02:26
Great update and goes a long way to restoring trust in the management. The premium may have gone forever, but I cannot see sustained downside from here and they might finally do what we all hoped they would do, provide an excellent yield and a safe harbour. I will add this week.
andyj
23/3/2018
14:50
Good update. Cash return on C shares at NAV certainly very a welcome profit in a short period. I assume a lot of investors have been asking for their money back given the slow deployment and rating of the shares. Share buy back also interesting for ordinary shares if they don’t fully rerate and have surplus cash.
scburbs
23/3/2018
13:20
Indeed, though they also acknowledged that the June deadline may slip. Was a good update overall I thought - for a co on a fat yield and trading at a discount (without going into the lack of write-down on Suniva etc).
spectoacc
23/3/2018
13:16
I think they had 18 months to deploy the cash. The fact they won't be able to in time means its perfectly sensible to hand it back. May end up being more than that given how slow they have been thus far. They are hoping for full recovery on Suniva by June it seems. Ords should bounce back if they manage it. Their reputation will be partly restored. they will end up with problems along the way but dealing with those situations and managing to get either a full recovery or thereabouts is what is important.
horndean eagle
23/3/2018
13:04
Is it? Thought the C's were very low yielding so far? The intention to return £40m to the C's is very interesting - not nearly enough ops out there for them it seems. Not sure what that says about SSIF (@makinbuks). @scburbs - good call on the C's the other day, as it turns out.
spectoacc
23/3/2018
12:58
Great statement. I hold both for the longer term and am happy enough despite the share price falls. The income's the same.
hiddendepths
21/3/2018
15:04
C shares currently looking better value given the large discount to NAV and the absence of exposure to Suniva (and intention not to convert until clarity on Suniva issue).
scburbs
21/3/2018
09:10
@joy - I think SQN (and, for that matter, HICL, ESP etc) demonstrate what happens when an IT moves from premium to discount. Yes, all have had some "issues", but the underlying businesses haven't changed all that much. What's changed is that the market has gone from valuing them at a big premium, to a discount. If you're in for the long haul, it matters less. Or at least - that's what I tell myself, holding all 3 :)) (And also it's been a good reminder - "Never buy at a premium").
spectoacc
21/3/2018
09:03
Since i jumped in - expecting a long term holding to provide a nice divi - I'm down 15% (inc divi reinvestment) I mean i accept volatility in Inv Trusts and shares but this was one of my 'dependables'. I'm sticking 'n holding - but i just couldn't have called this more wrong. Can anyone off a reason to cheer me up? Alternatively i'll go back the the Joy Division playlist (i'm used to it)
joy division still
21/3/2018
07:41
Fantasy NAV is out: "Net Asset Value SQN Asset Finance Income Fund Limited (the "Company"), the leading diversified equipment leasing fund listed in the UK, is pleased to provide its monthly net asset value ("NAV") update. As at 28 February 2018, the unaudited estimated NAV per ordinary share (cum-income) was 99.00 pence. This includes the 0.6042 pence per ordinary share dividend announced on 21 February 2018 that went ex-dividend on 1 March 2018 and was paid on 19 March 2018. On a pro-forma basis, the unaudited estimated NAV per ordinary share, adjusted for the payment of this dividend to holders of ordinary shares, is 98.40 pence. "
spectoacc
20/3/2018
22:02
No sign of the February factsheet. SSIF published on 16th. Are they waiting on something? To be fair SSIF was earlier this month than normal
makinbuks
20/3/2018
22:00
Something just below your brokers recommended price , Jardinero, is probably the true NAV taking a more prudent view of a couple of loans which are well documented above. Whether 85p therefore represents value depends on the quality of the rest of the book. Were last years mishaps unusual or the sign of things to come? A rising interest rate environment isn't going to help alternative income stocks in general. Its possible this was a fad which has run its course
makinbuks
16/3/2018
07:29
Read the above posts and change your broker !!
belgraviaboy
15/3/2018
20:34
This stock was pointed out to me by a broker as a recommended buy at 92p, and I have been watching the fall ever since! Is it a buy or are its inherent investment risks too high? Any advice welcome.
jardinero
12/3/2018
13:07
This is becoming an apocalyptic chart.
andyj
05/3/2018
13:19
They did say this: "Additionally, since the Company's announcement on 23 January following the White House's announcement regarding the implementation of tariffs to support the United States solar cell manufacturing industry, a number of manufacturers have made public plans to re-start or establish operations in the United States. This was the expected market reaction and, consistent with this, Suniva has been engaged with a number of parties with regard to resuming production." But as I say - I think they'll lost out on Suniva whatever they're saying, & some of their others not too pretty. But is it in the price now? Who knows :)
spectoacc
05/3/2018
12:33
Sorry just to clarify I mean no update on how the ruling affects Suniva in a practical sense
makinbuks
05/3/2018
12:16
So far as I'm aware there hasn't been any update on precisely how the positive White House ruling affects the operation of the company. If it was positive I think they would have put out an RNS. As they did when Snoozebox was "resolved". You're a brave man Spec, good luck
makinbuks
03/3/2018
07:57
Went XD on Thurs but only marginally. I'm finally in, for the first time, but I still expect the solar loan to go completely sour (whatever they say, whatever Trump says).
spectoacc
03/3/2018
00:44
A sudden widening of the discount. Anyone know why?
andyj
Chat Pages: 6  5  4  3  2  1
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