Investment Trusts

TwentyFour Income Ord

TFIF:LSE

TwentyFour Income Ord

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  • Price (GBX)104.40
  • Today's Change0.20 / 0.19%
  • Shares traded467.03k
  • 1 Year change+3.57%
  • Beta0.5026
Data delayed at least 20 minutes, as of Nov 11 2024 14:17 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)
Asia Dragon Trust PLC-36.25m-46.86m684.27m0.00--1.04-----0.4243-0.4243-0.27864.20-0.0533-------6.890.5553-7.440.5826--63.44--32.25---17.660.0806187.65-77.24---71.42----10.53
Schiehallion Fund Ltd66.92m59.00m690.84m0.0011.800.7591--10.320.07370.07370.08391.150.0745--7.09--6.57--6.68--89.96--88.16------0.00--125.25--121.23------
Apax Global Alpha Ltd13.54m2.88m691.52m0.00241.410.6766--51.090.00590.00590.02762.090.0128--4.58--0.271510.540.273110.6678.04--21.2490.78----0.0048.74169.88-0.9873148.60-3.81--6.83
Syncona Ltd30.75m3.79m704.71m0.00169.470.5872--22.920.00660.00660.04611.890.0244--3.19--0.3007-2.820.3035-2.85----12.32------0.00--177.28-41.24106.76-60.84----
XPS Pensions Group PLC199.43m54.17m731.05m1.57k14.233.9210.903.670.24670.24670.90810.89550.7052--4.21--19.157.0222.627.97----27.1612.73--8.030.14983.6719.7112.66242.0339.1823.219.68
NB Private Equity Partners Ltd12.29m-17.13m738.87m----0.7409--60.11-0.3675-0.36750.264921.570.0108-------1.519.54-1.529.70-66.0887.14-139.3872.89----0.117228.63191.67-2.40124.85-10.29--10.91
Temple Bar Investment Trust PLC164.88m155.68m757.84m0.004.970.96394.874.600.53470.53470.56452.750.2006--29.11--18.943.8219.013.8696.6783.8094.4278.33----0.086585.551,320.23--643.71----38.72
Global Smaller Companies Trust PLC75.97m67.59m773.75m0.0012.160.9404--10.180.1360.1360.14791.760.0824--8.85--7.335.007.515.1192.4289.4288.9786.06----0.055924.18336.7614.25270.0016.55--11.24
TwentyFour Income Fund Ltd144.08m136.01m779.25m0.005.710.9579--5.410.18240.18240.19331.090.1784--16.08--16.846.3617.686.7395.0788.4194.4086.63----0.017114.261,094.4365.22701.9681.17--9.15
Schroder AsiaPacific Fund plc12.80m-1.08m780.50m0.00--0.949--60.96-0.0013-0.00130.08285.690.014--4.46---0.11773.73-0.12093.8142.2684.23-8.4075.49----0.0047.83125.73-5.49115.41-8.68--4.78
Biopharma Credit PLC105.52m84.62m799.29m11.0010.040.8617--7.580.08650.08650.1071.010.1063--3.5712,396,270.008.538.488.568.5781.8583.1280.2081.71----0.0098.44-37.786.89-40.519.11--11.38
Patria Private Equity Trust PLC69.87m48.87m816.44m0.0016.860.6829--11.680.31790.31790.45457.850.0533--527.35--3.7313.464.1013.8972.8492.9969.9490.83----0.101216.84-49.35-2.36-57.55-5.55--5.23
ICG Enterprise Trust PLC58.97m33.41m821.97m0.0024.580.6681--13.940.5150.5150.919818.950.043--25.99--2.4412.512.6112.7472.7191.0756.6587.48----0.068312.92-76.87-14.06-89.44-26.65--8.45
Merchants Trust plc119.55m108.81m832.66m0.007.650.9434--6.970.73330.73330.80855.950.1278------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------
Murray Income Trust plc102.65m94.78m841.68m0.009.350.8668--8.200.8770.8770.94929.460.092--10.38--8.495.258.595.3193.9090.8592.3487.75----0.103170.4124.8516.5728.9817.36--2.52
Data as of Nov 11 2024. Currency figures normalised to TwentyFour Income Ord's reporting currency: UK Pound GBX

Institutional shareholders

35.16%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 28 Jun 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 30 Sep 202411.88m1.59%
Vanguard Global Advisers LLCas of 30 Sep 202410.79m1.44%
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Data from 30 Jun 2024 - 01 Oct 2024Source: FactSet Research Systems Inc.
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