Share Name Share Symbol Market Type Share ISIN Share Description
Sqn Secured Income Fund Plc LSE:SSIF London Ordinary Share GB00BYMK5S87 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 74.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
73.00 75.00 74.00 74.00 74.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 4.06 2.07 4.25 17.4 39
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 74.00 GBX

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Date Time Title Posts
31/3/202014:48Another change of name for SMEF138

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Sqn Secured Income Daily Update: Sqn Secured Income Fund Plc is listed in the General Financial sector of the London Stock Exchange with ticker SSIF. The last closing price for Sqn Secured Income was 74p.
Sqn Secured Income Fund Plc has a 4 week average price of 73.25p and a 12 week average price of 73.25p.
The 1 year high share price is 96p while the 1 year low share price is currently 73.25p.
There are currently 52,660,350 shares in issue and the average daily traded volume is 33,687 shares. The market capitalisation of Sqn Secured Income Fund Plc is £38,968,659.
spectoacc: XD wont have helped SSIF share price.
makinbuks: Yes they seem to have got off to a flying start and have a lot of their own connections to lend to. Still quite a lot of repayments to come in the next few months (approx. 30% of NAV) so they need to keep it up. A small positive reaction in the share price to this but nothing significant, we just need it to be rated on the same basis as SQN itself
makinbuks: Going to be a slow burner here until they turn their words into action and reinvest all the cash. Once the market is confident the dividend is being paid out of interest received we should see the share price move to a premium as long as interest rates remain low. That might deliver a useful 5% capital gain over the next few months on top of a 6% dividend. Beyond that its a question of how much they want to raise for future investment. If the recent announcement is correct they have placed maybe £15m in a couple of months. Not sure what the ideal size of a placing and open offer would be bearing in mind costs, maybe £30m to roughly increase size by 50%? Would they utilize borrowings first to invest and then fund raise to repay?
makinbuks: First factsheet published today under SQN management. I like the sound of a fully collateralized loan to a media company at 10%. Good also to see the 29% cash position confirmed. Plenty of demand out there so its all to play for. The key is going to be getting the share price above NAV to allow new shares to be issued
Sqn Secured Income share price data is direct from the London Stock Exchange
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