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VOLTA FINANCE Potentie !!!

228 Posts
Pagina: «« 1 ... 7 8 9 10 11 12 | Laatste | Omlaag ↓
  1. forum rang 7 hirshi 26 juni 2020 13:53
    Volta Finance:

    Werd een eerder aangekondigd dividend van € 0,155 per 2 april 2020 afgeblazen.

    VF heeft nu aangekondigd een tweede dividendbetaling van € 0,11 te doen met een ex dividenddatum van 2 juli 2020.
    Goed bericht voor beleggers: € 0,21 interim dividend is beter dan de eerder geplande € 0,155. Dat geeft vertrouwen.

    Koers is op het moment van schrijven € 4,60
  2. Stapelaar 27 juni 2020 13:26
    quote:

    hirshi schreef op 26 juni 2020 13:53:

    Volta Finance:
    ....
    Goed bericht voor beleggers: € 0,21 interim dividend is beter dan de eerder geplande € 0,155. Dat geeft vertrouwen.
    ....
    Twee kwartaaldividenden vergelijken met één niet betaald kwartaaldividend? Vorig jaar twee keer 0.15 betaald in eerste halfjaar.
  3. forum rang 7 hirshi 27 juni 2020 13:35
    quote:

    Stapelaar schreef op 27 juni 2020 13:26:

    [...]

    Twee kwartaaldividenden vergelijken met één niet betaald kwartaaldividend? Vorig jaar twee keer 0.15 betaald in eerste halfjaar.
    Dat klopt.

    Maar na het intrekken van het eerste kwartaaldividend, waarna binnen een tijdsbestek van 6 weken twee kwartaaldividenden worden uitgekeerd. Daar had ik niet meer op gerekend. Kennelijk is daar genoeg ruimte voor. Nadere berichtgeving moet worden afgewacht..
  4. forum rang 4 midjj 13 augustus 2020 13:11
    Volta Finance Limited (VTA / VTAS) – July 2020 monthly report

    NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE
    UNITED STATES
    *****
    Guernsey, 12 August 2020
    AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for July. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).

    PERFORMANCE and PORTFOLIO ACTIVITY
    In July the monthly performance, after considering the 11 cents per share dividend paid 29th of July, is negative at -1.2%. Despite a flat performance at the asset class level, USD weakness had a negative impact as USD depreciated against EUR by 4.6% during the month while, after adjusting for hedging, Volta has a USD exposure close to 45%.
    The monthly asset class performances** were, in local currency: -0.3% for Bank Balance Sheet
    transactions, +1.1% for CLO Equity tranches; -0.5% for CLO Debt; +5.9% for Cash Corporate Credit
    deals (this bucket comprises funds that have a one-month delay in publishing their NAV); and +1.7% for ABS.
    In July, like the first month of every quarter, most of the CLO positions received their coupon payments. However, according to WellsFargo research, 24% of USD CLOs were suffering a breach of the Interest Diversion test as at the end of the month. Only one USD CLO position in Volta did not receive any cash flows (due to an IC test (Interest Coverage) breach). This position is a 2013 vintage position, the full AAA tranche has been amortized and the AA tranche will finish being amortized in October so that it is almost normal that cash flows from this position are close to zero. In normal market conditions, this position would have been called. We are working with the CLO manager to find a way/the timing for a partial call.
    Except for this position, all CLO Equity and CLO debt held by Volta paid their coupons. However, it
    should be noted that CLO Equity payments were on average 30% lower than in April due to two
    technical effects: firstly, lower short-term rates in the US, an impact that was beginning to be seen in January and April. If and when rates go up, we will benefit from the opposite technical effect. Secondly, since April, roughly 40% of the European loans elected to pay their coupon on a 6-month basis instead of the classic 3-month basis. This effect will unwind with higher cash flows in October.
    As a result, in July, Volta received “only” the equivalent of €3.9m from its CLO Equity positions, relative to €5.7m in April. The decline is almost evenly split between the two technical effects so that October cash flows are expected to be roughly €1m higher. On a 6-month basis, Volta received the equivalent of €17.7m as at the end of July. Nonetheless, this represents a solid 17% annualised yield based on the end of July NAV, despite the previously mentioned technical impacts.
    On a longer-term basis, CLO managers are, on average, improving CLO portfolios to limit the impact of the COVID-19 pandemic. According to Nomura research, in April, 19% of USD CLOs were breaching their BB OC test (the Overcollateralization test that protects the BB tranche), in July this figure was down to 11% although USD loans continued to be downgraded and some defaults started to materialize.
    None of the USD CLO positions in Volta suffered a diversion of cash flow due to a BB OC test breach in April nor in July.
    We reiterate our view that going forward, as long as there is no second wave requiring significant
    lockdowns of the economy, full cash flow payments should be the norm for Volta’s portfolio as CLO managers are regaining some cushion on the OC tests.
    On the most senior CLO debt tranches, spreads continued to tighten so that we can envisage
    transforming the CLO warehouse presently held by Volta into an actual CLO. Probably in September or October.
    In July Volta invested €2.2m through one newly issued EUR BB CLO tranche and additional capital was called by the existing CMV and the Warehouse.
    As at the end of July 2020, after the 11 cents per share dividend payment, Volta’s NAV was €208.2m or €5.69 per share.
    The month-end available cash position was €8.7m leaving some room for investments.
  5. forum rang 4 midjj 19 november 2020 15:25
    Volta loopt geruisloos flink op de laatste dagen. Het laatste maandrapport liet al zien dat de NAV alweer op E6,08 staat. Dividend wordt dan waarschijnlijk weer verder verhoogd naar E0,12 per kwartaal van E0,11 afgelopen kwartaal. Wellicht kan het aandeel dan weer terugkomen in de range 6-7 euro.
228 Posts
Pagina: «« 1 ... 7 8 9 10 11 12 | Laatste |Omhoog ↑

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