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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Twentyfour Select Monthly Income Fund Limited | LSE:SMIF | London | Ordinary Share | GG00BJVDZ946 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.80 | 0.94% | 86.20 | 625,786 | 16:35:17 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 85.80 | 86.40 | 86.60 | 85.40 | 86.60 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | 26.94M | 0.0360 | 24.06 | 638.65M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:17 | O | 82,413 | 85.8508 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 12/12/2024 | 17:27 | UKREG | TwentyFour Select Monthly Income Fund - Net Asset Value(s) |
| 12/12/2024 | 12:33 | UKREG | TwentyFour Select Monthly Income Fund - Dividend Announcement |
| 12/12/2024 | 07:00 | UKREG | TwentyFour Select Monthly Income Fund - Full-year results for the year.. |
| 11/12/2024 | 07:00 | UKREG | TwentyFour Select Monthly Income Fund - Monthly Factsheet & Commentary -.. |
| 09/12/2024 | 16:44 | UKREG | TwentyFour Select Monthly Income Fund - Issue of Shares |
| 05/12/2024 | 17:06 | UKREG | TwentyFour Select Monthly Income Fund - Net Asset Value(s) |
| 03/12/2024 | 11:05 | UKREG | TwentyFour Select Monthly Income Fund - Total Voting Rights |
| 03/12/2024 | 10:40 | UKREG | TwentyFour Select Monthly Income Fund - Tender Submission Deadline Results |
| 03/12/2024 | 10:10 | UKREG | TwentyFour Select Monthly Income Fund - Net Asset Value(s) |
| 29/11/2024 | 10:29 | UKREG | TwentyFour Select Monthly Income Fund - Net Asset Value(s) |
Twentyfour Select Monthl... (SMIF) Share Charts1 Year Twentyfour Select Monthl... Chart |
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1 Month Twentyfour Select Monthl... Chart |
Intraday Twentyfour Select Monthl... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/12/2024 | 15:21 | TwentyFour Monthly Income | 374 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 14/12/2024 08:20 by Twentyfour Select Monthl... Daily Update Twentyfour Select Monthly Income Fund Limited is listed in the Investors, Nec sector of the London Stock Exchange with ticker SMIF. The last closing price for Twentyfour Select Monthl... was 85.40p.Twentyfour Select Monthl... currently has 747,836,661 shares in issue. The market capitalisation of Twentyfour Select Monthl... is £647,626,548. Twentyfour Select Monthl... has a price to earnings ratio (PE ratio) of 24.06. This morning SMIF shares opened at 86.60p |
Posted at 12/12/2024 15:21 by my retirement fund yes very respectableNAV per share increased 10.95% to 83.70 pence (2023: 75.44 pence) The NAV total return per share was 22.56% (2023: 17.54%) Total annual dividend for the year of 7.38 pence per share, ahead of the 6 pence target (2023: 7.37 pence per share) Net assets increased from £181.7m in 2023 to £219.8m over the period Also very helpful being able to raise money at a premium to NAV to be able to invest even harder next year. |
Posted at 12/12/2024 12:27 by marktime1231 Super annual report. Continuing to grow at a premium with scale bringing trading opportunities, favourable outlook, and SMIF portfolio "credit quality at the highest it has ever been". Yielding 8.5% paid monthly, an income investor's favourite. |
Posted at 18/11/2024 12:08 by marktime1231 SMIF holding up strongly never mind the gilt market behaving, a premium 1 million issue at 85.15p on Friday shows there is continuing demand from serious investors. The asset team must be busy trying to find fresh debt opportunities to keep enhancing the outlook.Amused to read an FT interview with foul-mouthed HL founder Peter Hargreaves last week in which he admitted promoting the Woodford fund was a mistake (not of his making of course). Defended HLs decision to keep pushing the fund to its customers with the idea that if they had dropped it the collapse would have been ruinous. So it deliberately kept selling us what it knew to be a dog? Curiously the FT didn't mention HL is facing £200M+ compensation claims. Nor did the FT observe as they ought to have done, when Hargreaves tipped the Blue Whale growth fund, that he is the dominant founding investor and Chairman. The clue as to what lies head for HL under CVC ownership was hinted at in the article. Hargreaves said management had lost its way on both cost control and profit margin, and were now losing the marketing battle which is how it rose to No 1. Watch out for HL finding even more tricky ways to make money from us. And smoochy ads persuading us to trust them. |
Posted at 13/11/2024 18:57 by williamcooper104 You're getting paid for selling out of the money volatility mostly on the European financial sector What that means is that in normal type markets it's all good but if things get hairy - think GFC/euro debt crises then you're going to take big losses Have a look at the share price movements around the Credit Swiss blow up and you'll get a feel for the risk |
Posted at 29/10/2024 13:33 by marktime1231 The UK (European) regulations for KIDs (in this case, not KIID) say that information should be updated at least every 12 months. It could be that Jarvis is being super-efficient since the SMIF KID is dated July 2023. If it is a problem drop SMIF a linesales@twentyfouram.c The lack of current KID doesn't seem to be too much of an issue for institutions, a whopping 3.5 million new shares issued last week which is perhaps why the share price was knocked back a step. SMIF may also be categorised by your broker as a complex instrument requiring you to complete a form to declare you are not a rookie. Two online platforms I use happy to sell me SMIF today if I wanted to add more. Perhaps Jarvis could clarify for you? |
Posted at 18/10/2024 10:39 by marktime1231 Shrugging off a 1.38p ex-div with a firmer share price Presumably because of the ECB rate cut and it was announced CPI had fallen to 1.7%, temporarily perhaps, signalling a UK rate cut in November and confirming what we knew. SMIF will appreciate as interest rates fall. There are risks of course ... weak growth outlook, low consumer confidence, instability caused by the US election. No real worries here though. |
Posted at 10/10/2024 15:57 by marktime1231 As if by magic the dividend announcement appears.So a final 1.38p takes the total for the year to 7.38p cf 7.37p last year. If you had bought last November (*) when SMIF was briefly available for 72p that's a 10.2% yield plus a 13p capital gain. From here we are on about 8.7% yield and the prospect of 5-10p gain. (*) I did add back then in the low 70s but traded them again a few months later when the share price bounded in to the low 80s. Sometimes a quick windfall is irresistable. As Buffett says successful long term investing needs good conviction but more importantly it needs patience. |
Posted at 16/8/2024 12:19 by lord gnome You are right Marksman. Sit tight and ignore the offer. It's not meant for PIs. This is for institutional investors who might wish to sell a sizeable amount when trying to do this through the market would wreck the share price. |
Posted at 16/8/2024 12:13 by mark5man Just in (From HL messages - SIPP)TwentyFour Select Monthly Income Fund Ltd has announced details of a quarterly tender offer. The company has announced it intends to purchase up to 20% of the issued share capital at a price based on the net asset value (NAV). The tender price will be set at a 2% discount to the NAV on 27 September 2024. Tender elections in excess of your basic entitlement may be subject to pro rata scaling back. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company. Based on your current holding of XXX shares, you have a basic entitlement to tender XXX/5 shares. Shareholders are not obliged to tender any number of shares. If you do not return an instruction no shares will be tendered on your behalf and your holding will remain unchanged. Act by noon on Monday 2 September 2024 ---- My initial reaction is to not tender any with as selling at a 2% discount to NAV is a loser when they are at a premium. Different insights into what's going on welcomed EDIT: I mean as a PI why wouldn't you just sell them on the open market if they are at premium to NAV |
Posted at 05/1/2024 17:40 by marktime1231 Welcome arrival of the first dividend of the year. In AJB anyway. But not HL, yet again they fail to credit cash promptly going in to a weekend. It will be sitting nicely in one of their money-market accounts for an extra two or three days to their benefit. That the CMA and Treasury Select Committee are on to them for profiteering from "agency" over client cash, not passing on enough of the interest earned, has not stopped them playing greedy games. Too many times HL and too predictable for it to be accidental slow administration. I hope they get slaughtered by the review and given a public dressing down by the committee on TV.Not everyone realises the extent of what they are up to, last year for example HL retained the equivalent of £150 per client from net interest on client cash. Way more than what they earn from declared fees. And they crowed about it (to their shareholders). They are all at it of course. For example, AJB last pension instalment was deducted from my SIPP on the 8th but didn't appear at my bank until after close of play on the 13th. Using the dinosaur concept of non-working days and the quill-and-ink idea that a simple transfer needs up to 4 working days as an excuse to delay what should be an intraday electronic process. But I am sure that HL are the worst of the bunch and the least apologetic. Hey ho, what do you do. Meanwhile Santa answered my prayer and SMIF share price has indeed restored a small premium to NAV, even Numis happy to buy up the tendered stock on that basis knowing it will be able to offload them promptly at an even higher price. Long recovery still to come here, and it will come as confidence builds that interest rates will start being cut. We might not see the full 100p this year but I am hopeful of seeing the 90s again. |
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