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
  +1.00p +1.11% 91.25p 91.00p 91.50p 91.50p 90.75p 91.50p 1,241,957 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 31.4 -0.5 8.6 10.6 163.32

SQN Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
10/11/2017
15:09
SQN has two bad loans now - solar and Snoozebox. Got to be about 9p of NAV plus I can't see them being able to maintain the dividend.
belgraviaboy
10/11/2017
14:41
Ranger Direct Losses (or is it Lending). Is on a c.5% NAV discount if you write off its bad loan. SQN has a solar bad loan on the books it hasn't taken a write-down for yet.
spectoacc
10/11/2017
13:41
What is rdl ? Tia
biggcl
10/11/2017
10:46
Looks to be about another £8m? Not sure what the 'assets' will be worth, if anything?
belgraviaboy
09/11/2017
17:32
Thank goodness I sold out of this when still close to par, albeit at minor loss. I can see further bad news on this one, and with the likes of RDL on a 30% discount to nav, these type of funds can fall a long way.
riverman77
09/11/2017
15:58
They are going to lose money on Snoozebox as well? You could not make this up!! Bargepole
belgraviaboy
08/11/2017
16:09
Again the question raises its head - how will SQN (& its ilk) fair in the next recession? Financial crisis? Depression? Because none of them seem to be doing that well in boom times.
spectoacc
02/10/2017
14:25
Belgravia, I agree with you I don't hold and Carney's comments on Friday were not helpful for these alternative income stocks
makinbuks
02/10/2017
06:01
Ongoing costs in attempting the recovery too. Surely they should be provisioning for it, at least a % based on likelihood of recovery?
spectoacc
29/9/2017
18:13
May also be recoverable, i.e. they are hoping - I am not a buyer here. Why take the risk?
belgraviaboy
29/9/2017
17:37
Given the protectionist stance Trump adopts, eg Bombardier it may well be reasonable to assume that the Whitehouse will follow the recommendation and in the fullness of time SQN will get full recovery. The statement implies the $4m fee could also be recoverable. In the meantime as rates rise the premium this , and other similar stocks enjoyed, will fall.
makinbuks
22/9/2017
16:29
Legal costs $4m not £4m - but point still stands...
belgraviaboy
22/9/2017
16:27
£4m spent on legals protecting £24m. This is going to be a very long road - what will the total legal bill be £10m / £15m? Despite this initial victory, there is a very long way to go with no certainty of winning. At the moment, potential loss to shareholders is increasing....
belgraviaboy
07/9/2017
06:17
@Makinbuks - I was surprised to read how far the parent co had fallen - makes me wonder about the guarantee. And the anti-trust seems to rely on Trump - never a good place to be! The other worry is what the rest of SQN's loan book looks like.. I'd be a buyer around 92p mind.
spectoacc
31/8/2017
07:38
Getting closer to NAV, but can't help feeling this & similar should be trading on discounts - we're in boom times, what will happen in a recession? And not forgetting the NAV is umimpaired - no write-down taken on solar fiasco (which may yet turn out OK of course).
spectoacc
26/8/2017
05:43
Agreed, can't see it as a long above NAV when there's SSIF instead. Also wondering how any of these will fare in a downturn - none been around long enough to have been tested.
spectoacc
25/8/2017
16:30
Don't know why it bounced but it didn't last. I'm still waiting for it to dip below the NAV
makinbuks
11/8/2017
15:20
Any reason for today's decent-volume bounce? Tipped, or something on solar?
spectoacc
10/5/2017
13:24
Have a look at SSIF, same manager but trading at a small discount
makinbuks
08/5/2017
22:21
I see my inverse Midas touch again, oh well I'll hold
joy division still
28/4/2017
20:15
This share gone all volatile after last weeks news - happy to have sold at 110+ - going to be curious where it bottoms
davr0s
27/4/2017
11:48
No problem. Incidentally, SQN still trading on a decent premium even to unimpaired NAV (of c.99p). It's a curious market where income valued so highly - can think of several in similar boat, some I hold but most I just can't buy at the premium once they've sailed. Eg: SLI JLEN All the infrastructure ITs - INPP, HICL etc BSIF SMIF And plenty more. SQN far from alone - but still.
spectoacc
26/4/2017
15:49
Thanks. Sorry not to have spotted that before I posted. Apologies for wasting your time!
magellanzulu
26/4/2017
15:48
Yes - see RNS of 19th, solar cell manufacturer they lent to is in trouble. Interestingly, they've decided not to impair the NAV.
spectoacc
Chat Pages: 4  3  2  1
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