Investment Trusts

TwentyFour Income Ord

TFIF:LSE

TwentyFour Income Ord

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  • Price (GBX)105.20
  • Today's Change-0.20 / -0.19%
  • Shares traded1.01m
  • 1 Year change+5.41%
  • Beta0.5038
Data delayed at least 20 minutes, as of Nov 22 2024 16:35 GMT.
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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 in the United Kingdom and European Asset Backed Securities. The Company’s alternative investment fund manager is Maitland Institutional Services Limited.

  • 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, 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)
NB Private Equity Partners Ltd12.62m-17.59m717.54m----0.7008--56.86-0.3773-0.37730.27222.140.0108-------1.519.54-1.529.70-66.0887.14-139.3872.89----0.117228.63191.67-2.40124.85-10.29--10.91
Baillie Gifford US Growth Trust PLC96.77m89.88m735.40m5.008.621.18--7.600.29760.29760.31932.170.1494--153.3619,353,800.0013.886.0014.836.2396.3091.3992.8987.25--36.580.00--1,065.8612.97676.6612.51----
XPS Pensions Group PLC218.34m61.74m743.81m1.57k12.714.079.953.410.2810.2810.99280.87610.769--4.37--21.747.0225.497.97----28.2812.73--13.260.20483.6719.7112.66242.0339.1823.219.68
Temple Bar Investment Trust PLC164.88m155.68m750.71m0.004.920.95484.824.550.53470.53470.56452.750.2006--29.11--18.943.8219.013.8696.6783.8094.4278.33----0.086585.551,320.23--643.71----38.72
Schiehallion Fund Ltd68.70m60.56m757.36m0.0012.610.8114--11.020.07370.07370.08391.150.0745--7.09--6.57--6.68--89.96--88.16------0.00--125.25--121.23------
Global Smaller Companies Trust PLC75.97m67.59m766.66m0.0012.010.9291--10.090.1360.1360.14791.760.0824--8.85--7.335.007.515.1192.4289.4288.9786.06----0.055924.18336.7614.25270.0016.55--11.24
Schroder AsiaPacific Fund plc12.80m-1.08m775.31m0.00--0.942--60.56-0.0013-0.00130.08285.690.014--4.46---0.11773.73-0.12093.8142.2684.23-8.4075.49----0.0047.83125.73-5.49115.41-8.68--4.78
TwentyFour Income Fund Ltd144.08m136.01m788.22m0.005.780.9689--5.470.18240.18240.19331.090.1784--16.08--16.846.3617.686.7395.0788.4194.4086.63----0.017114.261,094.4365.22701.9681.17--9.15
ICG Enterprise Trust PLC58.97m33.41m800.16m0.0023.960.6512--13.570.5150.5150.919818.950.043--25.99--2.4412.512.6112.7472.7191.0756.6587.48----0.068312.92-76.87-14.06-89.44-26.65--8.45
CMC Markets Plc387.57m84.51m807.27m1.17k9.511.968.172.080.30330.30331.391.470.5751--1.26332,680.7012.5415.2121.1323.5598.8598.1221.8027.15--44.990.095350.0015.3820.5313.1451.4824.2532.53
Patria Private Equity Trust PLC69.87m48.87m824.06m0.0017.020.6893--11.790.31790.31790.45457.850.0533--527.35--3.7313.464.1013.8972.8492.9969.9490.83----0.101216.84-49.35-2.36-57.55-5.55--5.23
Murray Income Trust plc102.65m94.78m827.60m0.009.170.8499--8.060.8770.8770.94929.460.092--10.38--8.495.258.595.3193.9090.8592.3487.75----0.103170.4124.8516.5728.9817.36--2.52
Merchants Trust plc119.55m108.81m828.21m0.007.610.9384--6.930.73330.73330.80855.950.1278------11.645.6511.945.8892.5782.9791.0280.36----0.070580.57-140.19---175.27----7.92
Octopus Titan VCT PLC-151.39m-178.12m833.49m0.00--0.9449-----0.1109-0.1109-0.09490.5355-0.1553-------18.27---18.29--------------0.00--59.28--53.17------
Biopharma Credit PLC108.32m86.87m835.62m11.0010.230.8775--7.710.08650.08650.1071.010.1063--3.5712,396,270.008.538.488.568.5781.8583.1280.2081.71----0.0098.44-37.786.89-40.519.11--11.38
Oakley Capital Investments Ltd98.45m88.03m866.21m0.009.840.6935--8.800.4990.4990.55817.080.0753--123.30--6.7316.717.2816.84----89.4194.21--47.480.08824.51-75.18-8.38-78.70-10.35--0.00
Data as of Nov 22 2024. Currency figures normalised to TwentyFour Income Ord's reporting currency: UK Pound GBX

Institutional shareholders

35.18%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 31 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 20 Sep 202422.36m2.99%
Border to Coast Pensions Partnership Ltd.as of 31 Mar 202421.06m2.82%
Premier Fund Managers Ltd.as of 31 Jul 202420.65m2.76%
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 30 Sep 202411.88m1.59%
Vanguard Global Advisers LLCas of 31 Oct 202411.08m1.48%
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Data from 30 Sep 2024 - 01 Oct 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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