Hardman & Co Research / GG00B1GHHH78
17.05.2024 - 13:15:05Hardman & Co Research on Volta Finance Limited: Putting the discount into perspective
| 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
Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
