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% 6.93 € 6.90 € 6.96 € 6.93 € 6.93 € 6.93 € 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 38.7 106.0 6.5 253.37

Volta Fin Share Discussion Threads

Showing 201 to 225 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/2/2018
15:21
Sp hit the 694 level shown in my P. No. 190 above; so decided to take a few at that. Next qtly divi should be declared to the back-end of next week. At 694c the discount = 16.4% & the yield = 9.2%.
skyship
15/1/2018
15:59
9 January 2018 According to our early computations, the end of December Early Estimated NAV(*) of Volta is at EUR8.32 per share. Volta's Early Estimated NAV(*) performance is +0.6% for December 2017, taking into account the EUR0.16 per share dividend payment that occurred in December.
davebowler
11/1/2018
07:51
Thnx YS - looks interesting: hTTps://twentyfouram.com/2018/01/10/robust-clos-recession
skyship
10/1/2018
22:42
hTTps://twentyfouram.com/2018/01/10/robust-clos-recession
yieldsearch
19/12/2017
13:31
Thanks for the replies everyone.
rcturner2
18/12/2017
11:20
CWA1 pls see below: On 21 December, Volta will pay a quarterly dividend of 0.16 euro per share (with an ex-dividend date of 30 November) representing an annualised yield of 9% based on the end of November share price.
yieldsearch
18/12/2017
11:15
Good question RCTurner2 as to why the share price has fallen. Have no real answer but point out a small decline in the NAV since its peak of 8.58 at the end of February; also the Liberum April commentary kindly posted by davebowler commented on VTA being on course for a double digit NAV increase this year and today they are talking about a 6% increase. Look forward to the views of others. You could say why did the share price increase so much mid year and that I guess reflected the rapid increase in the NAV in Q416 and Q117 at the time of a sizeable discount; indeed I have just checked and I made a very modest top up at 7.49 in April. I continue to be very comfortable with what I have and do not see myself buying or selling in the immediate future-and of course the bid/off spread discourages activity. Thanks davebowler as always for the Liberum report:interesting to see CLO equity had a poor month compared to CLO debt.
cerrito
18/12/2017
11:12
Morning All Apologies for laziness but I'm hoping that someone has the figure to hand, what is the current yield here? Cheers.
cwa1
18/12/2017
11:09
Could well be concerns over the level of the Euro.....that is the only thing holding me at bay. Europe has many problems to face in 2018; so long Euro bets may well come off the table ahead of Greek elections, Italian elections, German government talks etcetcetc
skyship
18/12/2017
10:59
same question from me. long term hold for me, but surprised it is underperforming cifu or fair
yieldsearch
18/12/2017
09:52
Any views on why this has dropped off its peak?
rcturner2
18/12/2017
09:26
Liberum; Event Volta's NAV at 30 November 2017 was €8.43 per share which represents a 0.1% gain in the month. US Dollar depreciation reduced NAV by 0.7% in November. Performance by segment in the month was +0.2% for CLO Equity tranches; +1.3% for CLO Debt tranches, +0.9% for Bank Balance Sheet transactions; 0.0% for Cash Corporate Credit deals; and +0.5% for ABS. Exposure to CLO equity and bank balance sheet investments rose during the month and this is expected to continue as the company rotates capital out of CLO debt investments given the significant spread tightening in 2017. Volta has generated a NAV return of 6.0% to date in 2017 and c.7.4% over the past 12 months. The shares currently trade on a 14.4% discount to NAV in comparison to an average 2.0% premium for peers.
davebowler
05/12/2017
13:45
As per 184 above, VTA getting close to a BUY level: free stock charts from uk.advfn.com
skyship
30/11/2017
23:25
Just caught up with the end of October report. As they say cash continues high. Over the last three month ends it has been E29m+ compared to summer of 16 when from the end of May to the end of September the amount of cash was below E10m Interesting comment that spreads on debt tranche were lowest since 2008 and got lower in November.
cerrito
23/11/2017
09:31
Liberum; Volta Finance (Mkt Cap £228m) 1.7% NAV increase in October Event Volta Finance's NAV was €8.42 at 31 October. NAV return in the month was +1.7%. The CLO market enjoyed a strong month with continued debt spread tightening. Performance by segment in the month was +2.3% for CLO Equity tranches; +0.8% for CLO Debt tranches, +1.0% for Synthetic Corporate Credit; 0.0% for Cash Corporate Credit deals; and +0.7% for ABS. Cash as a percentage of NAV was relatively high at 31 October at 10% and the manager is considering increasing its CLO equity exposure as spread tightening has benefited equity positions as they are able to lock in an attractive cost of funding. Most of the cash is expected to be deployed in the coming weeks. Volta has generated a NAV return of 5.8% to date in 2017 and c.10% over the past 12 months. The shares currently trade on a 13.9% discount to NAV in comparison to an average 0.7% premium for peers.
davebowler
30/10/2017
09:30
I've been picking up MCT, and CSH for clients.
tiltonboy
30/10/2017
07:47
Hi Tilts....the result of yesterday's casting around for yield - as per my post on RECI on the JDT thread. Think for the moment I prefer CIFU to VTA...
skyship
30/10/2017
07:14
That's a random post this early in the morning!
tiltonboy
30/10/2017
07:08
A weakening technical position, perhaps suggesting a pullback to cE7.00: free stock charts from uk.advfn.com free stock charts from uk.advfn.com
skyship
21/10/2017
18:19
Went through the Annual Report Glad to see that once again the dividends paid of E22m were comfortably higher than opex of E7m(up this year because of performance fees) and dividends/coupons received in cash-E34m. We need to recognize that the dividend yield of 8.3% based on 7.17 share price was 8.3% less than FAIR and CIFU at approx 14% and 12.5% respectively. Reiterates what said in interims-need to reduce discount so they can issue new equity. Also as said in interims commented on involvement in less liquid Wharehouses and Capitalized Manager Vehicles( and I have yet to see CIFU/FAIR reference them) where in their opinion extra return compensates for lack of liquidity. Good to see reduction in management fees. Once again I would strongly encourage all holders to read a for me very good Investment Manager’s report. Comfortable with what I have and as a £ based investor any decision to invest further influenced by my view on FX as 63% of assets are Euro dominated at least count. As of now have zero inclination to sell.
cerrito
02/10/2017
09:48
Liberum; Event Volta Finance has agreed a reduction in management fees and a revised performance fee under an amended investment management agreement. The management fee will be 1.5% of NAV up to €300m and 1.0% of NAV above €300m (previously 1.5% of NAV). The performance fee will be 20% of NAV outperformance over an 8% hurdle (subject to a High Water Mark) and will be calculated on an annualised basis. Liberum view The simplified performance fee and tiered management fee is a positive move as the prior performance fee calculation was overly complex and did not have a strict High Water Mark. The management fee is still at the higher end of the range in the peer group (range of 1.0% for Fair Oaks to 1.5% for Carador). Volta trades on an 11.7% discount to NAV.
davebowler
20/9/2017
10:18
Also worth considering TORO imho.
rambutan2
20/9/2017
08:49
Davebowler: tks for posting the research, always useful. Do you have any view on BGLF/BGLP? it seems similar to Volta
yieldsearch
20/9/2017
08:17
Liberum; Event Voltas Finance's NAV was €8.38 at 31 August. NAV return in the month was +0.4% after negative impact of 0.2% from USD depreciation against the Euro; USD exposure is 31% of NAV. The mark-to-market movement across portfolio sub-sectors was CLO equity +0.8%, CLO debt +4.0%, Cash corporate credit +0.4%, synthetic corporate credit +0.7% and ABS -0.1%. Cash as a percentage of NAV was 9.6% at the end of the month. Three assets were acquired in the month, all US CLO Debt, with total capital deployed of €9.5m. The average projected yield on the new acquisitions was 9%. One US CLO debt position was called in the month, with the equivalent of €6.7 of principal received. Liberum view Volta has generated a NAV total return of 5.3% year to date and 13.1% over the past 12 months. Cash still represents a relatively high proportion of NAV at 9.6%, on the back of higher pre-payments. The manager will seek to deploy this cash into CLO equity positions as spreads on CLO debt continue to tighten. The shares currently trade at an 11.7% discount to NAV, compared to a 1.1% average premium for the other CLO funds in the peer group; the current yield is 8.3%.
davebowler
18/8/2017
14:47
Thanks DB for your TFIF commentary and was interested in their observation for demand for yielder junior levels. I see that for the second month running $ weakness against the Euro has impacted the VTA NAV performance:at least VTA did well in moving up their Euro exposure during the last year though I see that they are reversing this.
cerrito
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