Twentyfour Income Share Discussion Threads

[campervan1] 24/5/2023 19:34

That's a couple of times I've seen reference to this Fixed Income Board. Could someone point me in the right direction please? I'm struggling to find it.

[cerrito] 23/5/2023 15:08

I too had never heard of TFIF until I read about it on the Fixed Income Board.
I see it trades at a premium to the double digit discount at FAIR and VTA with what appears to be a roughly similar dividend to VTA and lower than FAIR so must be a different animal.
Need to do some work.

[mcunliffe1] 23/5/2023 12:41

Bought: £1.0113

I'm hopeful that with higher interest rates persisting this investment will prove good. As My Retirement Fund pointed out on the Fixed Income Discussion our economy will soon be like Spain's/Greece's under the peseta/drachma - every cloud eh! :-)

[mcunliffe1] 23/5/2023 10:50

Hello all,

Found this board via the Fixed Income Discussion. Thankyou, as TFIF look like the kind of investment I'm after.

I'll keep an eye on the share price via my ii SIPP throughout the day but I see that this is not a particularly volatile stock. One aspect worrying me though is the lack of overall share price growth when compared to the current inflation rate even with the 9+% yield.

However, it's a better bet than leaving the cash in my SIPP even though ii pay interest on such.

I'm so thankful that you lot point me towards these hitherto unknown possible investments.

Mike

[my retirement fund] 18/5/2023 12:26

Let me get this clear, I can tender all my shares in the recent corporate action for less than the current market price?

[davebowler] 25/4/2023 04:50

hTTps://citywire.com/investment-trust-insider/news/twentyfour-our-floating-loans-yield-15-ahead-of-moderate-recession/

[cowie19] 18/4/2023 11:00

Bought a few of these yesterday for the ISA - nice returns later this week.

[return_of_the_apeman] 13/4/2023 16:35

Short and sweet :-)

The Board is pleased to announce a final
2022/2023 dividend of 4.46p, bringing the total for the financial year to
9.46p. This achievement marks the highest year-end dividend since inception and
is the result of rising interest rates and good investment opportunities during
this period."

[thetrotsky] 12/4/2023 19:03

The final dividend for the year ended 31 March 2023 should be declared tomorrow pm. The dividend is due to go ex-dividend on 20 April and they generally announce the dividend 7 days in advance. I'm expecting a minimum of 3p (making 8p in total for 2023)

[stun12] 08/3/2023 13:33

A couple of news items I hadn't spotted. NAV is catching up, last seen at 100.39p. The dividend is now set at 2p per quarter (plus an unknown extra at the final in April). TFIF has sold all the Treasury shares and is now issuing them out of its block listing of up to 50m shares.

[cwa1] 26/1/2023 16:11

TwentyFour Income Fund Limited (LSE: TFIF) is pleased to announce that, to satisfy market demand and to raise money for investment in accordance with the Company’s investment policy, 1,000,000 ordinary shares of 1 pence each in the capital of the Company were today issued from its holding in Treasury at a price of 98.80 pence per share raising £988,000 (before costs and expenses).

Following the issue, the Company will hold 11,100,000 ordinary shares in Treasury and the issued share capital will comprise 703,536,661 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

[stun12] 21/1/2023 10:50

Another 2m over the last few trading days. As you said, filling demand through the market. Might buy some more, now it's ex-div.

[tradertrev] 13/1/2023 17:22

Sorry, we have a different understanding of the phrase "feed stock into the market".

[stun12] 13/1/2023 17:16

Quite the uncrossing trade at 100p. 359k shares.

[stun12] 13/1/2023 10:35

The way the RNSs read, it was specific demand being satisfied rather than feedstock, but who knows. Anyway, back to sleep!

[tradertrev] 13/1/2023 08:59

stun, they have been doing precisely that since last November. They did hold 39m shares in Treasury and are now down to 15.9m shares.

[stun12] 12/1/2023 18:44

Hehe. We are even, as it's not the final. Bought another 10k at 99.27, with the bid at 99.20. Would 24 feed stock into the market to deplete the treasury?

[njb67] 12/1/2023 17:59

I stand corrected. It was today.

[stun12] 12/1/2023 16:03

Not that we really care about day-to-day movements, but just sold a losing position for my son's LISA in PSN, after today's bounce, and bought TFIF. 99.30, so there is plenty of stock available within the spread. Now have a few of these.

[stun12] 12/1/2023 15:06

Ah, I stand corrected. Cheers, tradertrev and Mr. Icepick. Another UK ABS issue announced today - quite early for January issuance. Hopefully a good sign.

[thetrotsky] 12/1/2023 14:52

Q3 dividend just announced (they seem to tend to announce the quarterly dividend at, or about, 2:30pm). 1.75pps. Ex-div 19-Jan. Payable 03-Feb.

[tradertrev] 12/1/2023 13:12

stun, I think you may be mistaken as the dividend about to be declared is the 3rd interim, a now standard 1.75p. It is the 4th interim where they distribute any extra income surplus.
Best not get ahead of ourselves.

[stun12] 12/1/2023 12:23

Thanks, njb.

[njb67] 12/1/2023 12:08

Tomorrow I believe.

[stun12] 12/1/2023 09:49

Divi declaration today? Should be the final one, so 1.75p plus some unknown extra. ABS market looking quite a bit healthier, incidentally. The Yorkshire BS deal which was pulled in the autumn was remarketed on Tuesday with considerable success, so TFIF's purchases with their extra cash from selling down treasury shares should prove to have been decent.