Twentyfour Income Share Discussion Threads

[riverman77] 14/6/2024 15:41

One thing I would like them to do is change their AIC sector classification - they are currently in the structured credit sector which is full of riskier credit funds on very wide discounts. In reality, TFIF is no different from SMIF which is in the bonds sector - these funds tend to be more vanilla and trade at much lower discounts.

[jaf111] 14/6/2024 15:32

A mystery why this has started to trade at a discount.
Divi news pending which should generate some new interest…..near 10% yield so surely attractive for income seekers……;.

[mr roper] 14/6/2024 15:14

Picked up some of these today. 6% discount to nav with a 9.7% yield.

[eggbaconandbubble] 12/6/2024 14:49

RogerRail, Thank you for that!

[brucie5] 12/6/2024 13:46

VSL: certainly a very interesting situation for the brave or foolhardy, or extremely knowledgeable. Arguably far greater risks are taken routinely on 'story stocks' with no earnings and vain hopes of multibagging. The extreme value sector offers similar opportunities, not for multi bagging, but for significant upward adjustment from oversold towards more reasonable discount to NAV.

[rogerrail] 12/6/2024 13:40

BGLF are in wind down, so it 's a capital return opportunity not really suitable if you are looking for long term yield, and you need to research it in depth to determine if the return is worth the time frame and risk involved, in the face if it the potential return does not look fantastic from here in. I am not a fan of wind downs, hasn't worked out well so far for VSL holders, though that in itself presents a buying opportunity.

[eggbaconandbubble] 12/6/2024 11:54

MCunliffe, RogerRail, catch007 et al.

My list so far as follows,

TFIF
SMIF
IPE
FAIR
BGLF

Comments on any of these - anyone!

[spangle93] 10/6/2024 20:43

Weekly NAV not weakening. Up 0.3p to 108.8p

Discount still about 6% - that's about as deep as it's ever gone, certainly in the last 3 years

Yield 9.7% based on last year's dividend. Hopefully they can increase distributions as they have in the previous 2 years, making it even more attractive.

[riverman77] 07/6/2024 11:39

Some of that will be income that's being accrued (which will be paid out as nice dividend shortly), but looks like some tightening in credit spreads too.

[exmooroil] 07/6/2024 11:11

The rate of weekly NAV growth is very positive. In the last 6 weeks since XD, NAV has grown from 105.44p to 108.50p (source TFIF weekly declarations).

[riverman77] 07/6/2024 10:48

This is looking good value having slipped to a 6% discount - this is wider than average and most of its peers trade close to par. Pays almost a 10% yield which is mainly held in high quality ABS so pretty secure.

[eggbaconandbubble] 07/6/2024 09:57

Gosh this is going to be a lenghty process!

I'm purely looking for income with minimal risk of capital depreciation. Growth or capital gains being a secondry consideration.

I'm going to apply the 'Stockopedia forensic analysis' to each. There have been several failures so far!

However I've managed to come up with BGLF - Blackstone Loan Financing. Comments welcome.

I'm currently looking at SMIF which is in Rogerrails list - Thanks

catch007 thanks you for your suggestions too.

[catch007] 07/6/2024 09:10

ebb:

My current adds include:

BBGI
INPP
HICL

all undervalued imho and each has been successful at recycling capital with sales above NAV to reduce debt. Very steady income and opportunity for some growth on recovery

GL

[eggbaconandbubble] 06/6/2024 16:02

Thanks guys! That’s a lot to digest! Some are familiar and som I have in my growth portfolio. Back soon!

[eggbaconandbubble] 06/6/2024 11:43

MCunliffe, Thanks for that I'll look at those and get back to you. Cheers

[mcunliffe1] 06/6/2024 11:04

Hello posh brekky,

similar desires to you and on my way to dotage also.

I hold the following:

BATS
DGE
LGEN
PHNX
RECI
RR
TFIF
ABDN

I bought most of these between March 2023 and mid April 2024. ABDN are a trade I hope to sell when the £5k investment reaps about £300 profit. Done that twice with ABDN over the past six months.

DGE is a dog for me. £10k down to £8k even with divi reinvestment.

RR is an absolute star up 25% on my avg. buy of 365p. I failed to get myself in at the sub £1 level but did get my grandkids invested at that level.

LGEN is showing me a good profit at 11% increase on cost - again, with divi's reinvested but this is negated by PHNX showing a loss of 7% also with divi's reinvested. I rather hope that PHNX will return to better share price levels.

Overall, I am happy with most of these apart from DGE and would welcome you buying those off me ;-)

Good Luck.

[eggbaconandbubble] 06/6/2024 09:41

.
(Posted twice!)

[eggbaconandbubble] 06/6/2024 09:41

"Hello everyone peeps!"

I started investing in TFIF sometime a ago as a start to building up a good income portfolio as I head into my dotage!!

At the time TFIF seemed to be possibly the best bet in terms of risk balanced with good returns.

I now need to look at other funds to spread my risk and thus build a portfolio of say 6 - 8 funds.

Please can anyone point me in the right direction to other funds/companies providing a good returm with minimal risk.

This would hopefully help reduce my research and as such I will appreciate your suggestions. Thanks.

[cwa1] 04/6/2024 17:02

A few decent sized trades gone through today

[mister md] 14/5/2024 14:01

I won't mention NCYF again (oops just did) - just an observation based on the high-yield share suggestions mentioned further up the thread - I joined TFIF with an initial stake last week, as this seemed the better investment to me ;-)

[tradertrev] 14/5/2024 11:00

While it's useful input for an investor holding/contemplating buying NCYF, would it be terribly rude to ask if the discussion could be moved to the NCYF board please?

[peterbill] 14/5/2024 10:40

Thanks Mister MD ... I had not realised the extent of the share issuance

[mister md] 13/5/2024 13:44

My point re: NCYF was more to do with the very frequent issues of equity, ie more shares rather than less.

Just checked the number of shares in issue at start of 2020 - this was 427m, so an increase of 28% in shares in circulation to 547m currently.

Though perhaps I am missing something ?

---

"CQS New City High Yield Fund Limited

("the Company")

Issue of Equity

On 7th May 2024 the Company agreed to issue 4,850,000 ordinary shares of no par value from its blocklisting facility at a price of 51.2 pence per share. The shares will be issued for cash on 9th May 2024.

On the 9th May 2024 the Company's issued share capital will consist of 547,201,858 ordinary shares and there are no shares held in treasury. Therefore, the total number of voting rights in the Company will be 547,201,858."