Hardman & Co Research on Volta Finance Limited: Putting the discount into perspective
17 May 2024 - 9:15PM
EQS Non-Regulatory
Hardman & Co Research
Hardman & Co Research on Volta Finance Limited: Putting the
discount into perspective
17-May-2024 / 12:15 GMT/BST
The issuer is solely responsible for the content of this
announcement.
Hardman & Co
Research | Closed End Investments
Volta Finance Limited
(VTAS) | Putting the discount into
perspective
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.
Please click on the link
below for the full report:
https://hardmanandco.com/research/corporate-research/volta-discount-into-perspective/
If you are interested in
meeting the company, you can register your interest by clicking on
the above link
To contact
us:
Hardman & Co
9 Bonhill Street
London
EC2A 4DJ
www.hardmanandco.com
Follow us on Twitter
@HardmanandCo
|
Contact:
Mark Thomas
|
mt@hardmanandco.com
|
Hardman & Co Research
can still be accessed for free after MiFID II. Please click
here to read the
statement.
About Hardman & Co:
Hardman Research Ltd,
trading as Hardman & Co, is an appointed representative of
Capital Markets Strategy Ltd and is authorised and regulated by the
Financial Conduct Authority; our FCA registration number is 600843.
Hardman Research Ltd is registered at Companies House with number
8256259. Attention is drawn to the important disclaimers at the end
of the report.
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this
announcement.
|
End of Announcement - EQS News Service
1906041 17-May-2024
Real Estate Credit Inves... (LSE:RECI)
Historical Stock Chart
From May 2024 to Jun 2024
Real Estate Credit Inves... (LSE:RECI)
Historical Stock Chart
From Jun 2023 to Jun 2024