Share Name Share Symbol Market Type Share ISIN Share Description
Sqn Asset Finance Income Fund Limited LSE:SQN London Ordinary Share GG00BN56JF17 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 26.75 282,916 12:02:25
Bid Price Offer Price High Price Low Price Open Price
25.50 27.90 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 39.70 14.48 4.06 6.6 95
Last Trade Time Trade Type Trade Size Trade Price Currency
14:46:02 O 20,000 26.0758 GBX

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Date Time Title Posts
10/7/202009:24SQN Asset Finance Income Fund - Eqpt Leasing Finance526
19/10/201417:00Great Growth & Income Share-
24/7/201413:22SQN Asset Finance-
07/3/200618:28Squaregain problems?7

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Sqn Asset Finance Income Daily Update: Sqn Asset Finance Income Fund Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SQN. The last closing price for Sqn Asset Finance Income was 26.75p.
Sqn Asset Finance Income Fund Limited has a 4 week average price of 22.90p and a 12 week average price of 21.90p.
The 1 year high share price is 91.20p while the 1 year low share price is currently 16p.
There are currently 356,760,141 shares in issue and the average daily traded volume is 870,321 shares. The market capitalisation of Sqn Asset Finance Income Fund Limited is £95,433,337.72.
wilwak: Agreed which us why I put ‘new’ in quotes. They’re not new... more like a fresh start. KPMG did a thorough valuation audit a few months ago and arrived at a NAV of 69p which is reassuring. Yes Covid is certain to have an impact on that. I still feel that there’s plenty of room for profit in the current 26p share price provided the directors aren’t complete crooks!
apollocreed1: The ords NAV were impaired by about 9.6% (£24m of £249m market cap) but the share price fell by 27% so I think the fall has been overdone and there is good value at this price.
wilwak: I really see value here. Both with the Ords and the C’s. It’s great to see that the ‘new’ manager is happy to publish the May NAV’s consistent with the previous month with no evidence over Covid write down concerns. The C’s are probably safer and steadier but the Ords are for the more adventurous. If the AD plants can be brought online then their NAV valuation and yield could prove very positive over the next couple of years. I still feel from my workings that 50p share price and a 4p annual dividend could be a fair position in the near term. I’d rather be buying these at 50% discount to assets that the overhyped general stock market as a whole which is being propped up by central bank stimulus. I see very little value in the markets at present and am struggling to find anything to buy besides both classes of SQN.
wilwak: I bought these at 90p, 19p and today quite a lot more at 34p. Hoping that the 31st March NAV of 69p that was audited thoroughLy by KPMG and already during the Covid crisis won’t have fallen too much. Even at 60p NAV the shares look a great buy at 34p. The new manager will be keen to get a dividend going again even if only 3-4p pa to start. I think 50p share price with a 6-8% dividend on that would be the target. The AD assets could prove to be the basis of a NAV uplift going forward once they’re operational.
gopher: Good points SpectoAcc, I would still like to see payments on leased equipment being distributed to shareholders, it all a little opaque otherwise and the yield would support a higher share price.
richyggg: Should there be a vote for wind down , would the share price be expected to approach the NAV , which is potentially under-estimated ?
damp seaweed: I’ve just picked up and copied the article below from Citywire, which apart from trashing my BSIF & JLEN shares has implications for Bio generation. So in summary we have feedstock prices up and wholesale electricity prices down.....a bit of a perfect storm.! ———;——̵2;——R12;— “nvestors in London’s expensive listed renewable energy funds are at a risk of a 43% share price fall and a 33% drop in asset values due to the slide in long-term power forecasts, JPMorgan Cazenove has warned. Strong investor demand for their reliable dividends and environmentally friendliness has pushed shares in London’s six wind and solar power investment companies to an average 16% premium above their underlying net asset values (NAV). But UK investment companies analyst Christopher Brown said the double-digit premiums of companies in the £9bn renewables sector were unsustainable in face of mounting evidence that growth in carbon-free energy would slash the cost of electricity in the next 20-30 years. While that's good news for consumers and the planet, it is bad news for funds generating most of their revenues from selling electricity into the wholesale market, said Brown and fellow analyst Adam Kelly. Using the latest figures from Bloomberg New Energy Finance, an independent forecaster owned by financial media giant Bloomberg, the analysts believed the NAVs of Bluefield Solar Income (BSIF), Foresight Solar (FSFL), Greencoat UK Wind (UKW), JLEN Environmental Assets (JLEN), NextEnergy Solar (NESF) and Renewables Infrastructure Group (TRIG) could drop by a third on average. And because of their elevated share prices – trading at premiums of between 12% and 23% - that could translate into a 43% fall in their stocks, they said.”
andyj: Let us have a look at the scenarios and potential outcomes.1. The AD situation is less serious than feared. Very positive.2. The AD situation removes 13p or more from NAV. The share price declines, stagnates and the continuation vote is lost. The share price moves closer to NAV. Positive. 3. Driven by the need for income, funds back the continuation, buy more and the share price recovers. They win the continuation vote. Very positive. 4. The share price continues to collapse as investors rush for the exit yet they win the continuation vote. Negative. But close to impossible.Thus the continuation vote acts as a safety net in every scenario except a continued decline in NAV. But there is a significant gap to close now. I see an opportunity.
speedsgh: Sorry, playing catch up here. Why did the bottom fall out of the share price recently? Was it purely pre-election jitters? Wasn't so long ago I think this used to trade close to NAV. Now trading at double-digit discount even after recent share price increase. Why the substantial discount?
lord gnome: It's the C shares, epic: SQNXThe continued share price drift is disappointing. Surely any half decent broker would try to arrange a secondary placing for any large overhang rather than see the share price suffer the daily drip, drip, drip. We have also had no holding notice so we have no real confirmation as to who is selling, how many they have sold and how many they have left. I would like to add a few more at this yield but I won't be adding in the dark.
Sqn Asset Finance Income share price data is direct from the London Stock Exchange
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