Twentyfour Income Share Discussion Threads

[cwa1] 31/1/2025 12:56

If price is ABOVE prevailing mid at time of trade then it is flagged as a BUY. If BELOW the mid then it's classified as a SELL. If ON the mid it is a ??? trade.

It is the bluntest of blunt tools and most of my trades are misclassified

[cassini] 31/1/2025 10:47

I keep seeing buys I make in shares being shown as 'sells' when I check.

They guess if it's a buy or a sell based on the price of the trade but it's very often guessed wrong.

[stun12] 31/1/2025 10:11

Pretty odd market makers in TFIF. Last time I bought it was just over the bid side as they obviously wanted to shift paper. Only 15k shares, admittedly. A couple of days before I paid just inside the offer.

[eggbaconandbubble] 31/1/2025 09:32

Thanks pretax. I agree with you on ADVFN accuracy. The reason I queried the trades was exavctly because one would have expected share price down with a lot more 'sells'.

[pretax2] 30/1/2025 20:41

You can't rely on ADVFN to call buys and sell accurately.
The share price has gained a bit recently and so there must have been more buys than sells. That was defo the case today.

[eggbaconandbubble] 29/1/2025 14:58

Why is it that recently sell contracts have usually outnumbered buys?

[panshanger1] 16/1/2025 08:34

Ex div today

[mr roper] 13/1/2025 08:17

Thanks egg..bot sure if that a compliment..suspect 75% of the UK would make a better PM than the present one...lol

[eggbaconandbubble] 10/1/2025 10:51

Thanks guys. Roper - I think you'd make a better PM than the present incumbent!!!

[tag57] 10/1/2025 09:56

Egg, the share price could certainly take a hammering in the event of a financial crash due to sentiment and panic. This is not necessarily representative of the underlying business and debt write offs are usually no where near the share price drop, and therefore should bounce back once confidence returns to the markets.
A look back to 2007-9 is probably a good starting point but as ever, DYOR.

[mr roper] 10/1/2025 09:27

Don't think so...TFIF has wider exposure than just UK. Credit and liquidity are mostly private not sovereign.

If there's a contagion all gets battered but this doesn't look like a sovereign debt crisis yet. Basically it's easy to get out of...reduce spending...remove the NI hike and go for growth in action not words

[eggbaconandbubble] 10/1/2025 08:45

Do you think the share price here will be seriously affected by the almost certain financial crash the Labour party will cause?

[mr roper] 10/1/2025 08:34

Nice. Divi due end of the month.as well.

[panshanger1] 08/1/2025 09:18

52 week high

[badtime] 16/12/2024 20:52

Was thinking the same ...it says all or part of..so when are they suggesting you buy them back if sold all.....but why sell any every three years..puzzling

[eggbaconandbubble] 16/12/2024 13:46

Why sell every three years???

[davebowler] 16/12/2024 12:52

Investec-
TwentyFour Income Fund (TFIF) – TFIF, which invests in UK and European Asset Backed Securities, published their latest factsheet and commentary. The fund had a challenging 2022 with NAV per share (including dividends) down 8.8% but since then has performed impressively returning 20.4% in 2023 and 15.8% YTD with three-year volatility at 7.4%. The dividend is currently over 9%, current mark to market yield is 11.6%. The manager highlighted November was a busy month as the team deployed amortisations opportunistically. While geopolitical risks continue, the PMs remain constructive on spreads. In the CLO market, the team continues to focus on BBs in the primary market, adding at spreads of 6% over Euribor, where yields have remained attractive on a historical basis. Following the turnaround in performance, TFIF certainly has credibility with a strong specialist team managing over £20bn in assets. Although the narrow discount doesn’t jump off the page given others on offer, we would highlight shareholders may elect to realise all or part of their holdings every three years.

[tradertrev] 21/11/2024 11:55

Did anyone tune in to the IMC results presentation yesterday? Any particular highlights worth noting please?

[eggbaconandbubble] 15/11/2024 16:43

Thank you Trev - much appreciated!

[tradertrev] 15/11/2024 12:32

If consumer credit quality deteriorates badly (mortgages, car loans, credit cards) these would probably struggle as credit spreads would widen.

[eggbaconandbubble] 15/11/2024 11:53

Both these and SMIF appear very popular at the moment.

I'm not normally a pessimist but can anyone point out possible downsides here so i am prepared to bail if and when necessary. Cheers in advance.

PS. Thanks tony!

[tonysss13] 08/11/2024 18:58

closing auction uncrossing trade (UT)

[eggbaconandbubble] 08/11/2024 16:37

Why does a large 'sell' contract always go through at 16.35 every day? Anyone?