VTA

Volta Finance Limited
5.00
0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Volta Finance Limited 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 0.0% 5.00 4.80 5.20 5.00 5.00 5.00 150 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 38.7 106.0 4.7 183

Volta Finance Share Discussion Threads

Showing 626 to 649 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
20/3/2023
11:52
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.
hpcg
17/3/2023
10:29
You can sign up for free and get a daily email
cerrito
17/3/2023
09:23
Cerrito, could you possibly post the main point of his argument please, if you had a moment? Appears to be subscription only.
bluemango
17/3/2023
08:07
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.

cerrito
15/3/2023
13:51
Volta Finance (listed in Amsterdam) not allowed anymore with interactive investors as it is classified as "a packaged retail and insurance-based investment product" and they are only allowing trade in the UK listed version (less liquid and bigger bid ask)
told them to read the kid because it is not really insurance based product.

any reco of sipp provider providing multi currency account?

yieldsearch
15/3/2023
09:17
Annual yield now 9.45% at current offer price.
bluemango
15/3/2023
08:03
Excellent. Dividend increase to .13 Eur
bluemango
15/3/2023
07:01
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.

cwa1
14/3/2023
15:10
Yes all good and liked their commentary
cerrito
14/3/2023
11:33
https://www.investegate.co.uk/volta-finance-ld--vtas-/gnw/volta-finance-limited---net-asset-value-as-at-28-february-2023/20230314111655H7958/

PERFORMANCE and PORTFOLIO ACTIVITY

Volta Finance is pleased to report another positive performance in February at +1.7% after a strong January performance of +5.5% and thus a good start for 2023...

cwa1
14/2/2023
08:34
As at the end of January 2023, Volta's NAV was EUR225.2m or EUR6.16 per share.
skyship
13/2/2023
11:30
Yes good news and good way to start the week
cerrito
13/2/2023
10:32
PERFORMANCE and PORTFOLIO ACTIVITY

Volta Finance is pleased report a strong performance of +5.5%, for the first month of 2023.

Although the CLO market is accustomed to a "January rally" the moves recorded in January 2023 were well above what might have been expected. Indeed, many investors were hesitant to invest in either CLO Debt or Equity tranches towards the end of 2022 but with the start of a new calendar year, the risk/reward perception shifted and translated into significant buying interest across the board. The demand for assets that were considered as cheap at the start of 2023 (CLO spread compression was lagging the spread compression observed on most of the broader credit markets in Q4 2022) was strong and led the way to a solid January performance, after a disappointing December...

cwa1
28/1/2023
17:23
Directors Talk has an interview with the Hardman analyst going through his latest report itself based on the Volta AR which it appears I should read. Anyone here had a good look at it??
cerrito
14/1/2023
04:21
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.

rambutan2
13/1/2023
21:49
I dipped my toe back in today having sold out at 6 euros and change in September 2021. A lot has happened to equity values and that provides some protection I think. The prospects for gain also balance out the risks IMO. If I already owned I don't think I would be increasing, there might be better opportunities, but I am low on debt instruments.
hpcg
13/1/2023
18:29
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.

cerrito
12/1/2023
21:15
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

rambutan2
20/12/2022
10:28
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

davebowler
13/12/2022
22:50
Yes pleasantly surprised by good performance on November and interested in the hedging they have done. I need to say I can understand why the market went back to sleep as I was not minded to buy more.
cerrito
13/12/2022
09:41
NAV update:-

https://www.investegate.co.uk/volta-finance-ld--vtas-/gnw/volta-finance-limited---net-asset-value-as-at-30-november-222/20221213092757H1943/

cwa1
09/12/2022
07:23
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.

cwa1
15/11/2022
20:50
Yes, always an upbeat message as the share price and nav say otherwise. Although the same goes right across the sector.
rambutan2
14/11/2022
18:22
I see that the October NAV is out and it is back down to levels last seen in the Covid times of May 2020. Not surprising given a 3.9% decline in CLO equity tranches.
I saw the October cash flow of E9.1m which seemed low and so compared it with October 2021 and saw in fact it had gone up from E8.5m last year. I do note that 6 month interest to October 22 is at E23.4m down from the same figure of E26.4m last year. Despite this I see that the annualized cash flow yield this year at 22.1% is higher than last year's 19.7% and need to work that out.
I see in the statement today they talk about 2023 US default rates in the 2% region and Euro ones 3% broadly in lime with comments over the last 4 months.

cerrito
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
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