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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
- LocationTwentyFour Income OrdTrafalgar Court, Les BanquesPO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
- Phone+44 1 481745001
- Websitehttps://www.twentyfouram.com/view/GG00B90J5Z95/twentyfour-income-fund#overview
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Profile
| Management group(s) | TwentyFour Asset Management LLP |
|---|---|
| AIC sector | Debt - Structured Finance |
| ISIN | GG00B90J5Z95 |
| Launch date | 06 Mar 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
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
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bellevue Healthcare Trust PLC | -19.04m | -30.45m | 676.59m | 0.00 | -- | 0.9818 | -- | -- | -0.0424 | -0.0424 | -0.0378 | 1.50 | -0.0232 | -- | -- | -- | -3.71 | 2.86 | -3.88 | 3.10 | -- | 78.16 | -- | 68.93 | -- | -9.65 | 0.0167 | 116.21 | -290.64 | -- | -192.19 | -- | -- | 8.41 |
| Apax Global Alpha Ltd | 13.62m | 2.89m | 682.92m | 0.00 | 235.99 | 0.6614 | -- | 50.13 | 0.0059 | 0.0059 | 0.0277 | 2.10 | 0.0128 | -- | 4.58 | -- | 0.2715 | 10.54 | 0.2731 | 10.66 | 78.04 | -- | 21.24 | 90.78 | -- | -- | 0.00 | 48.74 | 169.88 | -0.9873 | 148.60 | -3.81 | -- | 6.83 |
| JPMorgan Indian Investment Trust plc | 142.43m | 114.31m | 687.84m | 0.00 | 6.61 | 0.9166 | -- | 4.83 | 1.56 | 1.56 | 1.95 | 11.24 | 0.1832 | -- | 70.18 | -- | 14.70 | 6.70 | 14.71 | 6.72 | 96.46 | 94.76 | 80.26 | 83.41 | -- | -- | 0.00 | 0.00 | -53.96 | -- | -93.30 | -- | -- | -- |
| Syncona Ltd | 30.75m | 3.79m | 711.41m | 0.00 | 173.13 | 0.5999 | -- | 23.14 | 0.0066 | 0.0066 | 0.0461 | 1.89 | 0.0244 | -- | 3.19 | -- | 0.3007 | -2.82 | 0.3035 | -2.85 | -- | -- | 12.32 | -- | -- | -- | 0.00 | -- | 177.28 | -41.24 | 106.76 | -60.84 | -- | -- |
| Temple Bar Investment Trust PLC | 164.88m | 155.68m | 735.67m | 0.00 | 5.01 | 0.973 | 4.73 | 4.46 | 0.5347 | 0.5347 | 0.5645 | 2.75 | 0.2006 | -- | 29.11 | -- | 18.94 | 3.82 | 19.01 | 3.86 | 96.67 | 83.80 | 94.42 | 78.33 | -- | -- | 0.0865 | 85.55 | 1,320.23 | -- | 643.71 | -- | -- | 38.72 |
| Schroder AsiaPacific Fund plc | 12.80m | -1.08m | 741.93m | 0.00 | -- | 0.9683 | -- | 57.95 | -0.0013 | -0.0013 | 0.0828 | 5.69 | 0.014 | -- | 4.46 | -- | -0.1177 | 3.73 | -0.1209 | 3.81 | 42.26 | 84.23 | -8.40 | 75.49 | -- | -- | 0.00 | 47.83 | 125.73 | -5.49 | 115.41 | -8.68 | -- | 4.78 |
| JPMorgan Japanese Investment Trust PLC | 141.61m | 132.85m | 751.97m | 0.00 | 6.20 | 0.9406 | -- | 5.31 | 0.8973 | 0.8973 | 0.9422 | 5.91 | 0.1526 | -- | 24.74 | -- | 14.32 | 0.0424 | 14.61 | 0.0428 | 95.73 | 28.61 | 93.82 | 4.99 | -- | -- | 0.0726 | 1,961.78 | 115.52 | -20.11 | 113.07 | -21.81 | -- | 5.39 |
| Global Smaller Companies Trust PLC | 75.97m | 67.59m | 767.36m | 0.00 | 12.29 | 0.9507 | -- | 10.10 | 0.136 | 0.136 | 0.1479 | 1.76 | 0.0824 | -- | 8.85 | -- | 7.33 | 5.00 | 7.51 | 5.11 | 92.42 | 89.42 | 88.97 | 86.06 | -- | -- | 0.0559 | 24.18 | 336.76 | 14.25 | 270.00 | 16.55 | -- | 11.24 |
| TwentyFour Income Fund Ltd | 144.08m | 136.01m | 768.07m | 0.00 | 5.80 | 0.9726 | -- | 5.33 | 0.1824 | 0.1824 | 0.1933 | 1.09 | 0.1784 | -- | 16.08 | -- | 16.84 | 6.36 | 17.68 | 6.73 | 95.07 | 88.41 | 94.40 | 86.63 | -- | -- | 0.017 | 114.26 | 1,094.43 | 65.22 | 701.96 | 81.17 | -- | 9.15 |
| Molten Ventures PLC | -47.80m | -40.60m | 768.66m | 55.00 | -- | 0.6182 | -- | -- | -0.3315 | -0.3315 | -0.2529 | 6.62 | -0.0357 | -- | -- | -869,090.90 | -3.03 | 5.83 | -3.05 | 5.88 | -- | -- | -- | 76.02 | -- | -7.00 | 0.0667 | 0.00 | 78.01 | -- | 83.32 | -- | -- | -- |
| ICG Enterprise Trust PLC | 43.44m | 17.37m | 770.70m | 0.00 | 44.31 | 0.6274 | -- | 17.74 | 0.2704 | 0.2704 | 0.6685 | 19.09 | 0.0324 | -- | 18.59 | -- | 1.30 | 12.51 | 1.34 | 12.74 | 52.85 | 91.07 | 39.98 | 87.48 | -- | -- | 0.0154 | 14.09 | -76.87 | -14.06 | -89.44 | -26.65 | -- | 8.45 |
| NB Private Equity Partners Ltd | 11.88m | -16.56m | 774.20m | -- | -- | 0.7827 | -- | 65.19 | -0.3551 | -0.3551 | 0.256 | 20.84 | 0.0108 | -- | -- | -- | -1.51 | 9.54 | -1.52 | 9.70 | -66.08 | 87.14 | -139.38 | 72.89 | -- | -- | 0.1172 | 28.63 | 191.67 | -2.40 | 124.85 | -10.29 | -- | 10.91 |
| Biopharma Credit PLC | 101.95m | 81.77m | 787.70m | 11.00 | 10.46 | 0.8974 | -- | 7.73 | 0.0865 | 0.0865 | 0.107 | 1.01 | 0.1063 | -- | 3.57 | 12,396,270.00 | 8.53 | 8.48 | 8.56 | 8.57 | 81.85 | 83.12 | 80.20 | 81.71 | -- | -- | 0.00 | 98.44 | -37.78 | 6.89 | -40.51 | 9.11 | -- | 11.38 |
| Patria Private Equity Trust PLC | 69.87m | 48.87m | 807.47m | 0.00 | 16.93 | 0.6855 | -- | 11.56 | 0.3179 | 0.3179 | 0.4545 | 7.85 | 0.0533 | -- | 527.35 | -- | 3.73 | 13.46 | 4.10 | 13.89 | 72.84 | 92.99 | 69.94 | 90.83 | -- | -- | 0.1012 | 16.84 | -49.35 | -2.36 | -57.55 | -5.55 | -- | 5.23 |
| Octopus Titan VCT PLC | -120.61m | -149.50m | 824.94m | 0.00 | -- | 0.8114 | -- | -- | -0.0999 | -0.0999 | -0.0801 | 0.6236 | -0.1154 | -- | -- | -- | -14.30 | -- | -14.62 | -- | -- | -- | -- | -- | -- | -95.58 | 0.00 | -- | 59.28 | -- | 53.17 | -- | -- | -- |
| Merchants Trust plc | -19.61m | -30.25m | 859.48m | 0.00 | -- | 1.11 | -- | -- | -0.2088 | -0.2088 | -0.1345 | 5.31 | -0.0215 | -- | -- | -- | -3.32 | 5.65 | -3.49 | 5.88 | -- | 82.97 | -- | 80.36 | -- | -- | 0.0783 | 80.57 | -140.19 | -- | -175.27 | -- | -- | 7.92 |
Data as of Sep 30 2024. Currency figures normalised to TwentyFour Income Ord's reporting currency: UK Pound GBX
35.69%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Investec Wealth & Investment Ltd.as of 02 Jul 2024 | 75.31m | 10.07% |
| TwentyFour Asset Management LLPas of 22 Mar 2024 | 37.66m | 5.04% |
| Aviva Investors Global Services Ltd.as of 27 Feb 2024 | 36.96m | 4.94% |
| East Riding of Yorkshire Council (Investment Management)as of 13 Jun 2023 | 26.06m | 3.49% |
| Premier Fund Managers Ltd.as of 30 Apr 2024 | 21.82m | 2.92% |
| Border to Coast Pensions Partnership Ltd.as of 31 Mar 2024 | 21.06m | 2.82% |
| Waverton Investment Management Ltd.as of 30 Apr 2024 | 13.26m | 1.77% |
| abrdn, Inc.as of 29 Mar 2024 | 12.83m | 1.72% |
| BlackRock Investment Management (UK) Ltd.as of 30 Jun 2024 | 11.33m | 1.52% |
| Baillie Gifford & Co.as of 31 Jul 2024 | 10.61m | 1.42% |
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Data from 31 Mar 2024 - 31 Jul 2024Source: FactSet Research Systems Inc.
