Share Name Share Symbol Market Type Share ISIN Share Description
Volta Fin LSE:VTA London Ordinary Share GG00B1GHHH78 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 € +0.00% 7.26 € 7.22 € 7.30 € 7.26 € 7.26 € 7.26 € 147 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 38.7 106.0 6.8 265.44

Volta Fin Share Discussion Threads

Showing 276 to 300 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
16/9/2018
22:30
Research note is good. I like some exposure in this sector and hold shares in AGNC, TICC and CIFU. As CIFU are winding up (after a decent 10%+ pa return over 6 years), at first glance VTA looks like a good place to put the cash.
stemis
16/9/2018
16:10
Apologies. Its share price return I was referring to They are assuming you re-invested dividends at prevailing price and hence performance returns overstated because share price got smashed up heavily and so prevailing returns amplified. Glad to see they are pushing themeslves a little more by dragging in paid for research. They still need to do more. Discount is way out of line with peers.
horndean eagle
15/9/2018
13:10
HE - "These NAV performance figures are dodgy. They assume dividends re-invested." Could you explain pls - doesn't seem to make sense!
skyship
15/9/2018
09:11
Doubled up my holding again in two bits since June which has brought me back to break-even (ex divis). Now my largest investment trust. As long as those divis keep coming the discount and share price can stay where they are as far as I am concerned.
puffintickler
14/9/2018
21:06
These NAV performance figures are dodgy. They assume dividends re-invested. If the share price plunges by 70-80percent and your paying dividends then of course your re-invested return is going to be pretty good.
horndean eagle
14/9/2018
09:21
Recovered nicely from ex div
badtime
13/9/2018
09:56
Liberum; Event Volta has released an early NAV estimate for August. NAV per share rose by 1.5% to €8.48 at 31 August 2018 (July 2018: €8.36). We estimate US Dollar appreciation added c.0.2% to NAV performance in the month. Liberum view Volta has an excellent track record and has been one of the best performing funds in the CLO sector. We calculate a YTD and 12-month NAV TR return of 5.7% and 8.6%, respectively. The discount has, however, remained persistently wide over recent years. The company recently introduced a sterling quote on the LSE in addition to the existing Euro quotes on the LSE and Euronext. In our view, the company could do more to address the discount. We believe the Amsterdam listing should be cancelled as liquidity is currently split between London and Amsterdam. In addition, transparency on the share register in Amsterdam is limited. The shares trade on a -15.3% discount to NAV compared to an average -1.8% discount for peers.
davebowler
10/9/2018
17:02
Extract from Hardman Research; Volta discount is highest discount to NAV in sub-sector. Immediate peers trade, on average, at par (6% premium excluding CIFU). ► Since August 2014, Volta has the best NAV performance of the group (reported currency basis) and has a more flexible mandate to adapt to dynamic market conditions. ► Against a broader peer group of debt funds, Volta’s discount is even more stark. ► Since inception, Volta has delivered higher share price returns than the following major benchmarks: S&P 500, MSCI European (total return, US High Yield Bonds (H0A0 Index); US Loans Market (S&P LSTA Index); European High Yield Bonds (HE00 Index); and the European Loans Market (S&P ELLI Index). In any period, there will be volatility as Volta provides non-correlated returns with equity markets(correlation coefficient 0.43 with S&P 500, 0.16 with AEX and 0.1 with FTSE 100), but over time it has delivered superior returns.
davebowler
06/9/2018
08:16
Needs to break 720 to confirm a nice Reverse Head & Shoulders and a target of c765
skyship
06/9/2018
08:11
Oh and XD today I note, pay 27/9.
cwa1
06/9/2018
08:06
Cheers Dendria - I'll read the first few chapters tonight !
joe say
06/9/2018
07:53
Thanks for that Hardman research note dendria, interesting.
cwa1
06/9/2018
07:38
I have taken my profit here and sold up.
rcturner2
06/9/2018
07:23
dendria - excellent - thnx for that
skyship
05/9/2018
18:42
Quite a chunky research note out from Hardman today: hxxp://hardmanandco.com/research/companies/volta-finance-ltd
dendria
05/9/2018
15:32
have no idea if the current manager was around in 2007/8 if so let us hope they did learn a valuable lesson
holts
03/9/2018
12:50
thank you for sharing. clearly a sign of where we are in the credit cycle. As soon as the music will stop, the NAV of the permanent capital vehicles will drop like a stone and very likely that there will be very limited liquidity to sell vta, fair, cifu, etc I just dont know when the music will stop and therefore only have small exposure to those
yieldsearch
02/9/2018
22:43
https://www.telegraph.co.uk/business/2018/09/02/ticking-time-bomb-could-blow-financial-crisis/ Long article in today’s Sunday Telegraph on detiorating credit standards in the US loan market-and increase in cov lite loans caused by demand from investors with CLO funds. Cite figures that in 2012 24% of loans were cov lite and 2018 YTD 76% Quotes warnings from Moodys and IMF and comment that default stats and recovery rates will be far worse than what CLO issuers have been touting. Fair points and the key is and always has been the credit skills of the Managers.
cerrito
31/8/2018
15:52
CIFU going the way of the dodo. Would hope that VTA might be able to attract a little interest and get the discount narrowed. Otherwise could be argued it shouldn't be too far behind.
horndean eagle
31/8/2018
06:13
15c again, but note that income last six months has risen to 19 million from traditional 15 million.
pejaten
29/8/2018
23:50
Should get div news tomorrow or day after?
badtime
22/8/2018
19:08
Fifthed (???). Tks DB always apprec.
yieldsearch
22/8/2018
13:18
Fourthed DB When will it end?
joe say
22/8/2018
13:12
Thirded (??) DB
santar
22/8/2018
12:45
Seconded DB
cerrito
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