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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.25 | 1,908 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 5.10 | 5.40 | 5.25 | 5.25 | 5.25 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 38.25M | 26.97M | 0.7374 | 5.90 | 192.05M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:29:49 | O | 108 | 5.3622 | EUR |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/9/2024 | 16:08 | UKREG | Dividend Declaration |
| 18/9/2024 | 17:15 | UKREG | Volta Finance Limited - Net Asset Value(s) as at 31 August 2024 |
| 19/8/2024 | 17:15 | UKREG | Volta Finance Limited - Net Asset Value(s) as at 31 July 2024 |
| 01/8/2024 | 17:00 | UKREG | Volta Finance Limited - Director/PDMR Shareholding |
| 17/7/2024 | 17:15 | UKREG | Volta Finance Limited NET ASSET VALUE AS AT 30 JUNE 2024 |
| 08/7/2024 | 07:00 | UKREG | Volta Finance Limited - Dividend Declaration |
| 03/4/2024 | 12:19 | ALNC |  EARNINGS AND TRADING: MediaZest optimistic; Volta Finance NAV up |
| 18/3/2024 | 17:15 | UKREG | Volta Finance Limited - Net Asset Value as at 29 February 2024 |
| 28/2/2024 | 21:18 | ALNC | TRADING UPDATES: AltynGold revenue up on higher gold price |
| 28/2/2024 | 07:00 | UKREG | Volta Finance Limited - Management Fee and Performance Fee Changes |
Volta Finance (VTA) Share Charts1 Year Volta Finance Chart |
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1 Month Volta Finance Chart |
Intraday Volta Finance Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/9/2024 | 08:48 | Volta Finance VTA.AS | 712 |
| 26/3/2010 | 13:41 | Valterra Resource Corp. & the L-Page Group | 1 |
| 01/2/2004 | 11:40 | Vista will Change your Life | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 06/10/2024 09:20 by Volta Finance Daily Update Volta Finance Limited is listed in the Finance Services sector of the London Stock Exchange with ticker VTA. The last closing price for Volta Finance was 5.25 €.Volta Finance currently has 36,580,581 shares in issue. The market capitalisation of Volta Finance is £159,125,527. Volta Finance has a price to earnings ratio (PE ratio) of 5.90. This morning VTA shares opened at 5.25 € |
Posted at 23/9/2024 16:39 by gary1966 Sky,Wasn't looking to sell but was just interested to see what the price was. Yes I can see the quoted price but was trying to see what real time actual prices others were getting on a dummy trade. hindsight, my broker doesn't have DMA and so best I could do would be to leave a limit order but experience says they never get actioned. As I said though I am not looking to sell. |
Posted at 18/9/2024 23:37 by santar joey - I find the Euro VTA more liquid, but depending on your circumstances could be more complicated as Euro divi. |
Posted at 18/9/2024 17:10 by joey52 There seem to be 2 EPIC's VTA and VTAS, quoted in euros and one in pounds.Is it down to the stockbroker what they offer like they did with EBOX or is there a preference of which to buy ? |
Posted at 19/8/2024 21:02 by bluemango I beg to differ - mainly because the annual dividend is now 4 x 14.5c = 58c, not 54c.I tend to calculate yield based on valuation at closing bid price, so tonight for VTAS that's 58c/£4.10 which works out at around 12.06% at current exchange rate. (As stated by grahamg8 in his post #689) |
Posted at 19/8/2024 17:40 by grahamg8 My take on the VTAS yield is quite straightforward. (if you are thinking of buying)It's the yield you would get if you bought today ie the forward dividend 14.5c x Xrate 0.853 divided by the buy price 450p which is 11.0%pa. And divide by the sell price 410p for 12.07%pa if you are thinking of selling ie the yield you would need to find elsewhere in order to give up your holding. eg buy FAIR yield is 14.29%pa but no discount so no prospect of a rerating. |
Posted at 19/8/2024 16:29 by waterloo01 Nice quiet stock. I hold GBP version (VTAS) and shows a 13% yield and 27.8% discount? Mid price around £4.30 |
Posted at 21/5/2024 18:13 by waterloo01 waterloo0118 Apr '24 - 08:04 - 666 of 670 Edit0 0 0 What's the difference between VTA and VTAS (over and above one being GBP v Euro)? You can trade online with HL and Barclays with the VTAS (GBP) version. |
Posted at 20/5/2024 13:36 by davebowler Hardman-Volta’s share price discount to NAV (26%) is now back to the levels seen in the early stages of the pandemic. This appears anomalous with 6.3% total shareholder return in 1Q’24, the annualised cashflows in excess of 20%, the consensus outlook, as well as the structured debt finance and all investment company averages (11% and 6%, respectively). In our view, any discount reflects investor concerns that either the current NAV is unrealistic or that it cannot be achieved in the future. In this note, we examine what may drive such concerns, concluding they are more sentiment- than reality-driven; as such, they may be less likely to be sustained. ► Why the current NAV is realistic: Volta adopts a mark-to-market approach. The NAV should be real unless the pricing sources are inaccurate, which appears unlikely. The MTM approach captures sentiment risk in the asset valuation. In our view, the risk of yet-to-be-identified losses affecting the current NAV materially are low. There are multiple checks and reviews to ensure the process is robust. ► Resilience: In previous notes, we have outlined why CLO structures have incremental risk controls and that the expected losses from such vehicles are well below corporate credit markets as a whole. We further outlined that AXA IM has consistently picked CLO managers with below-average losses. ► Valuation: Volta trades at a double discount: its share price is at a 26% discount to NAV, and we believe its MTM NAV still includes a further sentiment-driven discount to the present value of expected cashflows. Volta targets an 8% of NAV dividend (10.2% 2024E yield on current share price). ► Risks: Credit risk is a key sensitivity. In this note, we examine the valuation of assets, highlighting the multiple controls to ensure its validity. The NAV is exposed to sentiment towards its own and underlying markets. Volta’s long $ position is only partially hedged. ► Investment summary: Volta is an investment for sophisticated investors, as both the NAV and the discount to NAV may be volatile over time. Fundamental long-term returns have been robust: 8.0% p.a. (dividend reinvested basis) since inception. Volta’s performance relative to that of its peers has been strong, and returns for investments made after the financial crisis were double those in prior years. |
Posted at 18/4/2024 03:42 by davebowler Liberum Structured CreditFair Oaks Income Good time to be allocating to CLO equityAnalyst: Shonil ChandeMkt Cap £183m | Share price $0.56 | Prem/(disc) -0.9% | Div yield 14.3%EventFair Oaks Income's NAV per share increased by 0.7% (+3.8% NAV TR YTD) in the monthly period to 31 March 2024, to $0.565. We summarise some of the main monthly market indicators below:US loan default rate: Decreased from 1.41% to 1.14% m-o-m.European loan default rate: Decreased from 1.86% to 1.65% m-o-m.Distress ratio (loans trading below 80c, a potential indicator of the direction of future defaults): Declined in the US from 5.08% to 4.95% and in Europe from 2.80% to 2.78%.Liberum viewAnother good update underlining why FAIR's CLO equity-focused strategy is an attractive place to allocate to given the lowering default rates in the broader leveraged loan markets, high distributions, relatively benign macro and the fact that CLO equity valuations have the potential to follow the normalisation path seen in CLO mezzanine debt.?This is a performing CLO equity portfolio that is attractively valued, with potential for higher valuations. We note the manager's comment (factsheet) that "the weighted average price for US CLO equity in the Master Fund's portfolio has decreased from 39.6c to 36.2c in the last 12 months while the weighted average loan bid price has risen from 93.7c to 96.6c in the same period and ii) cash-flow multiples: c. 3.5x based on March's valuations and annualised quarterly cash-flows."The chart below is a sensitivity based on the CLO portfolio, as at 31 December 2023. It shows the significant slack embedded into the valuation of the US CLO equity portfolio. We also note that the high yields in CLO equity are driven by the excess distributions to the equity holder once all liabilities are paid to debt tranches. The underlying loans that fund the CLO equity and CLO liabilities are senior secured bank loans that side above high yield debt and preferred stock and underlying loan spreads are typically in the 2.5%-4% range. We are BUYers with a target price of $0.66. |
Posted at 16/8/2023 09:57 by davebowler Liberum commentary on FAIR -Strong distribution momentum from second highest yielding AIC fund at NAV Analyst: Shonil Chande Mkt Cap £170m | Share price $0.53 | Prem/(disc) -11.4% | Div yield 15.0% Event Fair Oaks Income’s NAV per share increased by 2.5%, to $0.598, in July 2023. This represented a 2.5% increase in the month (+11.8% YTD). Quarterly distributions received by the Master Fund in July totalled $21.1m, reflecting a 21.6% annualised yield on NAV and a 24.4% yield on yesterday’s closing price. Distributions have been increasing over recent months, with the portfolio benefitting from an increasing arbitrage spread of the underlying loan pool over the cost of CLO financing. Based on July 2023 distributions, we calculate that the CLO equity portfolio was valued at a 4.0x multiple to cash flows, with the USD CLO equity portfolio valued at 2.9x and the EUR CLO equity valued at 4.9x. Default rates in the US increased by 0.4ppts to 1.75% and by 0.53ppts to 1.51% in Europe. The European increase was due to Casino defaulting on a €1.4bn of senior debt. The forward-looking distressed rate declined from 8.47% to 7.55% in the US and increased from 4.13% to 4.17% in Europe. This measures the proportion of loans trading below 80c, and a decline is a forward-looking indicator that suggests improving sentiment towards leveraged loans. FAIR’s July factsheet notes the potential impact on European and US leveraged loan indices from issues at Altice Group. Significant overcollateralisatio The overcollateralisatio FAIR’s ‘GFC scenario’ models a gross return of 6% based on NAV and 11% based on the share price, as at 31 July 2023. FAIR’s CLO equity assets have consistently demonstrated stronger credit performance than the broader CLO market, which in turn has significantly outperformed other corporate debt categories on returns and default rates. There is additional de-risking via a shareholder-friendly structure. Liberum view Distribution momentum is strong and leveraged loan indices have performed well over the past several weeks. Given that the US CLO equity portfolio’s mark-to-market valuation stands at a median 34%, de-risking is built into the valuation and there is potential for valuations to improve. FAIR’s shares have been amongst the best performers over the past year with the 27% share price TR ranking third amongst alternative funds (ex-3i). We believe the shares continue to present attractive value given the underlying strong distributions, and the potential for higher US CLO equity valuations. FAIR’s share repurchase programme, in place since last October, has driven a significant reduction in its bid-ask spread in absolute terms and relative to peers. We believe it is attractively positioned compared to most peers and that the relative discount is not justified, in most cases. |
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