Hardman & Co Research
Hardman & Co Research: Volta Finance Limited (VTA): 9%+ yield in uncertain
times
07-Oct-2019 / 09:35 GMT/BST
Hardman & Co Research: 9%+ yield in uncertain times
In this note, we remind investors of Volta's many attractions, and examine
what would be required for the Volta 9%+ yield to be seriously threatened. We
note the broad diversification of underlying cashflows, the consistency of
income and monthly returns, and the manager's excellent track record. We also
explore the business dynamics in a downturn and how investor sentiment may be
less volatile with increased cov-lite documentation. The discount appears
anomalous relative to peers given Volta's track record and the issues
identified above.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/9-yield-in-uncertain-
times/ [1]
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by clicking on the above link
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End of Announcement - EQS News Service
886163 07-Oct-2019
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d45edc09ab14ae7ac698ea279fd91d99&application_id=886163&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=886163&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 07, 2019 04:35 ET (08:35 GMT)
