VTA

Volta Finance Limited
5.00
0.00 (0.0%)
Stock Name Stock Symbol Market Stock Type
Volta Finance Limited VTA London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 5.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
5.00 5.00 5.00 5.00 5.00
more quote information »
Industry Sector
GENERAL FINANCIAL

Volta Finance VTA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
28/02/2019InterimEUX1501/07/201831/10/201807/03/201908/03/201928/03/20190
25/10/2018InterimEUX1631/07/201731/07/201829/11/201830/11/201820/12/201862
25/08/2018InterimEUX1530/12/201730/04/201806/09/201807/09/201827/09/20180
01/06/2018InterimEUX1631/07/201731/01/201807/06/201808/06/201828/06/20180
22/02/2018InterimEUX1501/07/201731/10/201708/03/201809/03/201829/03/20180
18/10/2017InterimEUX1631/07/201631/07/201730/11/201701/12/201721/12/201762
25/08/2017InterimEUX1530/12/201630/04/201707/09/201708/09/201728/09/20170
01/06/2017InterimEUX1631/07/201631/01/201708/06/201709/06/201729/06/20170
23/02/2017InterimEUX1501/07/201631/10/201609/03/201710/03/201730/03/20170
28/10/2016InterimEUX1631/07/201531/07/201601/12/201602/12/201622/12/201662
26/08/2016InterimEUX1530/12/201530/04/201608/09/201609/09/201627/09/20160
24/03/2016InterimEUX3131/07/201531/01/201607/04/201608/04/201619/04/20160
23/11/2015InterimEUX3131/07/201431/07/201503/12/201504/12/201511/12/201531

Top Dividend Posts

Top Posts
Posted at 20/3/2023 11:52 by hpcg
Cerrito - I did sell. Easy for me though, had just dipped my toe in so a small loss with some to come back from the dividend.
Posted at 17/3/2023 08:07 by cerrito
As a holder of both VTA and Fair, I read this morning's John Authers Points of Return with much interest. I suggest all VTA and Fair holders read it.
I am not quite sure what the implifications for both will be but I am having difficulty finding anything positive.
Logically I should sell but am put off by the wide bid/offer spread.
Be interesting to see what we are told in the April monthly report when things will be a bit clearer.

Posted at 15/3/2023 08:03 by bluemango
Excellent. Dividend increase to .13 Eur
Posted at 15/3/2023 07:01 by cwa1
Guernsey, 15 March 2023

Volta Finance Limited ("the Company") hereby announces a first interim dividend for the financial year commencing 1 August 2022.

The Company announces that it has declared a quarterly interim dividend of EUR0.13 per share payable on 27 April 2023 amounting to approximately EUR4.76 million, equating approximately to an annualised 8% of net asset value. The ex-dividend date is 23 March 2023 with a record date of 24 March 2023.

Posted at 14/1/2023 04:21 by rambutan2
Cerrito, I'm not sure what you're saying. The para you quote is, like my two, bullish rather than bearish for the sector. While not currently a holder of VTA, having sold out higher up, I am a holder of FAIR and pondering on adding. I also hold TORO, which plays in the same postcode, if not the same street.

The default figs do matter, because as we have seen in previous times, if they get bad enough for long enough, there is no escape and a nasty geared plunge ensues for all vehicles.

Posted at 13/1/2023 18:29 by cerrito
OK rambutan2 but remember they go on to say the following#
quote
Since the vast majority of loans are covenant lite, the deterioration of interest coverage ratios - while being a source of stress - do not mechanically lead to a default. It is the level of EBITDA and where rates will be when companies need to refinance their debt that will really matter. We do not see many companies that have to refinance in 2023.
unquote.
For me this shows that there is something mickey mouse about the whole discussion of defaults and explains why I am OK with my current holdings in both FAIR and VTA I am not looking to buy more.

Posted at 12/1/2023 21:15 by rambutan2
Dec nav, down 1% at 5.84:

"In terms of default rates, we now have the full list of defaults for 2022. Default rates were still very low, at 0.4% for European Loans and 0.7% for US loans. After the invasion of Ukraine, rating agencies were forecasting 2022 default rates to reach between 2% and 2.5% for the US and European loan markets... We closed the year far from those levels.

As we regularly highlight in this report, the main reason for such low default rates is the benefit of inflation, despite the economic slowdown. When companies' revenues are growing fast, even if said companies suffer from margins pressure, profits and EBITDA still manage to grow (at a lower pace than revenues but they still do grow on average)."

https://uk.advfn.com/stock-market/london/volta-finance-VTA/share-news/Volta-Finance-Ld-Volta-Finance-Limited-Net-Asset/89969936

Posted at 20/12/2022 10:28 by davebowler
Liberum on FAIR -
Fair Oaks Income

Strong NAV performance in November

Mkt Cap £164m | Share price $0.49 | Prem/(disc) -13.3% | Div yield 16.3%

Event

Fair Oaks Income's NAV per share at 30 November 2022 was $0.565, representing a total return of 3.1% in the month (-2.0% YTD). NAV performance in November was driven by significant tightening in credit markets in the US and Europe. US and European high yield indices generated returns of +1.6% and +3.9% in the month. Loan markets were also positive in November (+1.2% in the US and +2.2% in Europe).

Trailing 12-month loan default rates remain low at 0.43% in Europe and 0.73% in the US. Market forecasts suggest default rates could reach 3%+ in 2023, although the manager is confident the portfolio can continue to generate attractive returns under these conditions. The portfolio is well-diversified and offers attractive downside protection given current valuations. Exposure is predominantly to senior secured loans and there is plenty of headroom on overcollateralisation tests.


Liberum view

Fair Oak's portfolio continues to perform resiliently, despite more challenging market conditions. Annualised default rates and the proportion of CCC-rated assets is considerably lower than market averages, leaving it well placed to weather market volatility. The headroom on the overcollateralisation test provides comfort on the ability to maintain high cash distributions. Stress testing suggests that the portfolio can continue to perform well, even if default rates exceed the most recent forecasts of 3%+. The company has an attractive discount control policy in place and has consistently bought back shares over recent months. We view the current 13% discount to NAV as overly punitive, given the downside protection and highly attractive 16% dividend yield

Posted at 09/12/2022 07:23 by cwa1
Guernsey, 8 December 2022

Volta Finance Limited ("the Company") hereby announces a fourth interim dividend for the financial year commencing 1 August 2021.

The Company announces that it has declared a quarterly interim dividend of EUR0.12 per share payable on 26 January 2023 amounting to approximately EUR4.42 million, equating approximately to an annualised 8% of net asset value. The ex-dividend date is 29 December 2022 with a record date of 30 December 2022.

Posted at 20/9/2022 10:31 by cwa1
Volta Finance Limited ("the Company") hereby announces a third interim dividend for the financial year commencing 1 August 2021.

The Company announces that it has declared a quarterly interim dividend of EUR0.13 per share payable on 20 October 2022 amounting to approximately EUR4.75 million, equating approximately to an annualised 8% of net asset value. The ex-dividend date is 29 September 2022 with a record date of 30 September 2022.

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