Investment Trusts

TwentyFour Income Ord

TFIF:LSE

TwentyFour Income Ord

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  • Price (GBX)104.75
  • Today's Change-0.25 / -0.24%
  • Shares traded419.13k
  • 1 Year change+5.70%
  • Beta0.5068
Data delayed at least 20 minutes, as of Sep 16 2024 11:46 BST.
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About the company

TwentyFour Income Fund Limited is a closed-ended investment company. The Company operates through investments in Asset Backed Securities segment. The Company’s investment objective is to generate attractive risk-adjusted returns principally through income distributions. Its investment policy is to invest in a diversified portfolio of predominantly United Kingdom and European Asset Backed Securities. No more than 20 % of the portfolio value will be backed by collateral in any single country. No more than 10 % of the Portfolio value will be exposed to any single Asset Backed Security or issuer of Asset Backed Securities, but provided that where more than 5% of the portfolio value is exposed to a single Asset Backed Security, these Asset Backed Securities in respect of which more than 5 % of the Portfolio value is exposed, may not, in aggregate, make up more than 40 % of the total Portfolio value of the Company. Institutional Services Limited is its alternative investment fund manager.

  • Revenue in GBP (TTM)144.08m
  • Net income in GBP136.01m
  • Incorporated2013
  • Employees0.00
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Profile

Management group(s)TwentyFour Asset Management LLP
AIC sectorDebt - Structured Finance
ISINGG00B90J5Z95
Launch date06 Mar 2013
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

To generate attractive risk-adjusted returns principally through income distributions by investing in a diversified portfolio of UK and European asset-backed securities.The Portfolio will comprise at least 50 Asset Backed Securities at all times.

Managed by

Aza Teeuwen, Douglas Charleston, John Lawler, Marko Feiertag, Robert Ford, Elena Rinaldi

Management & contract fees

Management fee of 0.75% of lower of NAV and market cap. Agreement is terminable on notice period of 12 months.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
BlackRock Smaller Companies Trust plc-25.37m-32.70m692.37m0.00--1.01-----0.6686-0.6686-0.524414.50-0.0316-------4.072.28-4.132.32--73.75--70.80----0.101487.5880.87--76.76----6.13
Bellevue Healthcare Trust PLC-19.04m-30.45m694.70m0.00--1.02-----0.0424-0.0424-0.03781.50-0.0232-------3.712.86-3.883.10--78.16--68.93---9.650.0167116.21-290.64---192.19----8.41
SDCL Energy Efficiency Income Trust PLC-44.70m-56.30m695.75m0.00--0.7086-----0.0506-0.0506-0.0410.9046-0.0423-------5.331.30-5.341.30--62.55--55.17----0.00497.53-473.08---202.69------
JPMorgan Indian Investment Trust plc142.43m114.31m700.64m0.006.500.9024--4.921.561.561.9511.240.1832--70.18--14.706.7014.716.7296.4694.7680.2683.41----0.000.00-53.96---93.30------
Apax Global Alpha Ltd13.77m2.93m704.85m0.00241.370.6765--51.170.0060.0060.0282.130.0128--4.58--0.271510.540.273110.6678.04--21.2490.78----0.0048.74169.88-0.9873148.60-3.81--6.83
Syncona Ltd30.75m3.79m723.57m0.00172.520.5977--23.530.00660.00660.04611.890.0244--3.19--0.3007-2.820.3035-2.85----12.32------0.00--177.28-41.24106.76-60.84----
Temple Bar Investment Trust PLC164.88m155.68m750.67m0.004.900.95124.824.550.53470.53470.56452.750.2006--29.11--18.943.8219.013.8696.6783.8094.4278.33----0.086585.551,320.23--643.71----38.72
Schroder AsiaPacific Fund plc12.80m-1.08m761.44m0.00--0.9086--59.47-0.0013-0.00130.08285.690.014--4.46---0.11773.73-0.12093.8142.2684.23-8.4075.49----0.0047.83125.73-5.49115.41-8.68--4.78
JPMorgan Japanese Investment Trust PLC141.61m132.85m770.53m0.005.980.9084--5.440.89730.89730.94225.910.1526--24.74--14.320.042414.610.042895.7328.6193.824.99----0.07261,961.78115.52-20.11113.07-21.81--5.39
TwentyFour Income Fund Ltd144.08m136.01m785.23m0.005.760.9652--5.450.18240.18240.19331.090.1784--16.08--16.846.3617.686.7395.0788.4194.4086.63----0.017114.261,094.4365.22701.9681.17--9.15
Global Smaller Companies Trust PLC75.97m67.59m785.71m0.0012.130.9382--10.340.1360.1360.14791.760.0824--8.85--7.335.007.515.1192.4289.4288.9786.06----0.055924.18336.7614.25270.0016.55--11.24
NB Private Equity Partners Ltd49.87m20.63m786.30m--35.610.7303--15.770.43870.43871.0721.390.0451------1.879.541.899.7063.8887.1441.4572.89----0.115328.63191.67-2.40124.85-10.29--10.91
ICG Enterprise Trust PLC43.44m17.37m787.91m0.0044.750.6337--18.140.27040.27040.668519.090.0324--18.59--1.3012.511.3412.7452.8591.0739.9887.48----0.015414.09-76.87-14.06-89.44-26.65--8.45
Molten Ventures PLC-47.80m-40.60m802.69m55.00--0.65-----0.3315-0.3315-0.25296.62-0.0357-----869,090.90-3.035.83-3.055.88------76.02---7.000.06670.0078.01--83.32------
Patria Private Equity Trust PLC69.87m48.87m804.37m0.0016.550.6702--11.510.31790.31790.45457.850.0533--527.35--3.7313.464.1013.8972.8492.9969.9490.83----0.101216.84-49.35-2.36-57.55-5.55--5.23
Biopharma Credit PLC103.42m82.64m804.59m11.0010.670.8569--7.780.08270.08270.10371.030.0998--6.7912,339,090.007.978.488.108.5781.4083.1279.9081.71----0.0084.83-37.786.89-40.519.11--11.38
Data as of Sep 16 2024. Currency figures normalised to TwentyFour Income Ord's reporting currency: UK Pound GBX

Institutional shareholders

35.70%Per cent of shares held by top holders
HolderShares% Held
Investec Wealth & Investment Ltd.as of 02 Jul 202475.31m10.07%
TwentyFour Asset Management LLPas of 22 Mar 202437.66m5.04%
Aviva Investors Global Services Ltd.as of 27 Feb 202436.96m4.94%
East Riding of Yorkshire Council (Investment Management)as of 13 Jun 202326.06m3.49%
Border to Coast Pensions Partnership Ltd.as of 31 Mar 202421.06m2.82%
Premier Fund Managers Ltd.as of 31 May 202420.82m2.78%
Waverton Investment Management Ltd.as of 30 Apr 202413.26m1.77%
abrdn, Inc.as of 31 Jul 202412.83m1.72%
BlackRock Investment Management (UK) Ltd.as of 31 Aug 202412.68m1.70%
Vanguard Global Advisers LLCas of 31 Jul 202410.33m1.38%
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Data from 30 Jun 2024 - 03 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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