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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Twentyfour Income Fund Limited | LSE:TFIF | London | Ordinary Share | GG00B90J5Z95 | ORD RED 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.60 | 0.58% | 103.20 | 801,401 | 16:35:17 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 102.80 | 103.00 | 103.00 | 102.80 | 102.80 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 144.42M | 136.01M | 0.1819 | 5.66 | 767.28M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:17 | UT | 306,455 | 103.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 22/7/2024 | 17:55 | UKREG | TwentyFour Income Fund - Net Asset Value(s) |
| 16/7/2024 | 08:50 | UKREG | TwentyFour Income Fund - Net Asset Value(s) |
| 12/7/2024 | 09:04 | ALNC |  Twentyfour Income Fund returns to growth as markets recover |
| 11/7/2024 | 09:00 | UKREG | TwentyFour Income Fund - Monthly Factsheet & Commentary - June 2024 |
| 11/7/2024 | 07:30 | UKREG | TwentyFour Income Fund - Dividend Announcement |
| 11/7/2024 | 07:00 | UKREG | TwentyFour Income Fund - Final results for the year ended 31 March 2024 |
| 08/7/2024 | 16:19 | UKREG | TwentyFour Income Fund - Net Asset Value(s) |
| 04/7/2024 | 09:44 | UKREG | TwentyFour Income Fund - Holding(s) in Company |
| 03/7/2024 | 09:17 | UKREG | TwentyFour Income Fund - Holding(s) in Company |
| 01/7/2024 | 18:00 | UKREG | TwentyFour Income Fund - Net Asset Value(s) |
Twentyfour Income (TFIF) Share Charts1 Year Twentyfour Income Chart |
|
1 Month Twentyfour Income Chart |
Intraday Twentyfour Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/7/2024 | 13:42 | Twenty Four Income Fund | 314 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:35:17 | 103.20 | 306,455 | 316,261.56 | UT |
| 2024-07-26 15:28:07 | 102.82 | 40,000 | 41,128.00 | O |
| 2024-07-26 15:22:07 | 102.82 | 20,000 | 20,564.00 | O |
| 2024-07-26 15:22:00 | 103.00 | 2,569 | 2,646.07 | AT |
| 2024-07-26 15:22:00 | 102.80 | 9,931 | 10,209.07 | AT |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Twentyfour Income Daily Update Twentyfour Income Fund Limited is listed in the Finance Services sector of the London Stock Exchange with ticker TFIF. The last closing price for Twentyfour Income was 102.60p.Twentyfour Income currently has 747,836,661 shares in issue. The market capitalisation of Twentyfour Income is £770,271,761. Twentyfour Income has a price to earnings ratio (PE ratio) of 5.66. This morning TFIF shares opened at 102.80p |
Posted at 02/7/2024 22:45 by njb67 Papy02Yes, falling rates will reduce TFIF income. However, it is worth noting that the dividend paid last year was considerably higher than the company stated target (9.96p/s vs 8p/s target). So even with a reduction in income, the dividend could still meet or exceed the company target. TFIF have always met or exceeded their target annual dividend, so I have more confidence in using this conservative figure as my reference point rather than what was paid. TFIF may need to reduce their annual target in the years to come but for now I am happy to use their dividend guidance for the year ahead. |
Posted at 02/7/2024 21:08 by njb67 MGCI are primarily focussed on lower risk investment grade (AAA-BBB) bonds, around 75% of their portfolio is investment grade at the moment. They are targeting SONIA+4% annual returns. SONIA is currently 5.2% but has been close to zero prior to all the interest rate rises over recent years. I can see SONIA settling around 2%, which would give an annual target return of circa 6%.TFIF focus on sub-investment grade bonds, only around 25% is currently investment grade. You would expect annual returns to be higher for the additional risk that is being taken. TFIF are targeting 8p/s, so around 7.8% return. So TFIF should give you a couple of percentage points higher return per annum, in return for higher risk holdings. |
Posted at 24/6/2024 08:48 by future financier A somewhat critical error revealing far more about the quality of the so-called research than the article as a whole reveals about TFIF! Anyway the share price has been incredibly stable - trading throughout within 95 - 127p range (except at start of COVID when it dipped to 85p). The coming years will for the first time expose the fund to declining interest rates and maybe there will be a commensurate drop in divi - but even 8p would be a good return on a stable share at 103p! |
Posted at 19/6/2024 16:15 by catch007 eb&b: I only hold TFIF & SMIF from your list and happy with these, in fact looking to add TFIF again given the current trading discount to nav. |
Posted at 06/6/2024 11:04 by mcunliffe1 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. |
Posted at 13/5/2024 13:35 by mcunliffe1 njb67 - pointed out:"..boosted their headline dividend rate by returning some of the underlying capital" Isn't this in effect similar to a company using a Share Buy Back scheme? Both 'squander' the cash assets of the company but the DIV support style at least rewards the holders of the company shares whereas the BB often rewards the sellers of shares as they provide a willing buyer and hopes to cause an increase in the share price as a result of fewer shares being in circulation. |
Posted at 06/5/2024 18:09 by njb67 eggs - I believe I have been very clear in my posts that I am using the company annual target dividend rather than what was actually paid to calculate the yield for TFIF (and also SMIF).TFIF dividend has not gone up year on year, it fell in 2017 (6.99p/s) vs 2016 (7.14p/s). It was 7.23ps in 2018 but 6.45, 6.40 and 6.10ps in the next three years. The last three years have seen increases. In every year since IPO, TFIF has paid out more than its dividend target, 6p/s until recently when it increased to 7p/s and now 8p/s. As an income investor, the dividends on my holdings cover my living expenses. My portfolio contains holdings that I am confident, on past performance, will pay me a reliable and increasing dividend. I therefore use the target dividend when calculating forward yield. That way any extra paid out above the target is a bonus. I much prefer this to expecting TFIF to increase the dividend year on year, to then be disappointed when it falls like in 2017, 2019, 2020 and 2021, with a lower level of income than I expected. |
Posted at 06/5/2024 17:19 by njb67 Worth understanding how the different funds vary.TFIF holds UK/EU asset backed securities. Around 25% of their holdings are classed as investment grade (AAA-BBB), the remainder is classified as high yield, or "junk" bonds due to higher risk of issuer defaults. 45% is rated as BB-B and 25% C, or lower or not rated at all. Current yield (based on company published dividend target) is 7.8%. They have hit their published dividend target every year since IPO. BIPS holds mainly corporate bonds, with a rough split of one third UK, one third EU and one third rest of the world. They hold a higher percentage of investment grade bonds (32%) and BB-B bonds (63%) than TFIF, with less than 10% rated C or lower, or not rated. Current yield is 6.8%. They have maintained or increased their dividend for the last 10 years. SMIF holds a range of UK and EU fixed income credit securities, including asset backed securities, corporate bonds, high yield bonds, bank capital, Additional Tier 1 securities, payment-in-kind notes and leveraged loans. Around 26% is considered to be investment grade, 60% BB-B and 14% C or lower or not rated. Current yield is 7.8%. Like TFIF they have hit their annual dividend target every year since IPO. NYCF appear to be firmly in the high yield/junk sector. They do not publish a ratings summary, and as far as I can tell, they focus on higher risk, higher rewards debt. Current yield is 8.8%. They have increased their dividend for the last 16 years, albeit recent increases have been very small. Rather than selecting one holding, it may make sense to spread your asset and geographic risk by taking smaller positions in a range of different investment trusts. These are the four that I hold, as my focus is on reliable income streams. There are Trusts with higher yields that I have passed over, mainly due to their track record of delivering predictable income streams over time. These may appeal to investors with a greater risk tolerance than me. |
Posted at 04/5/2024 09:50 by mcunliffe1 I've help TFIF only since 23 May 2023. It was these threads that pointed me in their direction. I invested £5000 at £1.0113 and held 4938 shares at that point.My first divid was paid on 8 Aug 2023 and gave me £98.76. This was 'drip'd' at £0.98 and gained me a further 98 shares. My second divi was paid on 3 Nov 2023. My platform ii (SIPP) stopped the drip facility on TFIF as they stated it was 'too complicated'. I received £100.72 cash divi. Same again, £100.72 cash divi on 2 Feb 2024. Then, £199.42 cash divi on 3 May 2024. I am sorely tempted to invest a further £5k in the next week or two and my only decision will focus on the timing of that investment in the hope that I may also gain some small growth in the share price However, yield is my desire from this share. |
Posted at 03/5/2024 14:34 by njb67 JAF - while you are right that historic yield is around 9.5%, the target dividend remains 8p/share, so around a yield of 7.8% at the current share price I like that they have met/exceeded their target dividend per share every year since IPO in 2013. |
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