Hardman & Co Research
Hardman & Co Research: Volta Finance Ltd (VTA): Follow the money
12-Feb-2020 / 10:52 GMT/BST
Hardman & Co Research: Follow the money
In this note, we remind investors of Volta's attractions and risks, focus on
how it generates the cash to pay the dividend, and look at some of the
issues from the latest Report and Accounts. The core to paying the dividend,
and its long-term sustainability, is generating cash from the underlying 700
borrowers, a broad diversification by counter-party, geography and economic
sector. Currently, a near record level of income yield is being generated.
While recent months have seen both forex and sentiment volatility with a
range of positive and negative capital movements, the long-term performance
will be driven by cash generation. The discount appears anomalous given
Volta's track record.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/follow-the-money/
[1]
If you are interested in meeting the company, you can register your interest
by clicking on the above link
To contact us: Contact:
Hardman & Co Mark Thomas mt@hardmanandco.com
35 New Broad Street
London +44 20 7194 7622
EC2M 1NH
www.hardmanandco.com
Follow us on Twitter
@HardmanandCo
Hardman & Co Research can still be accessed for free after MiFID II. Please
click here [2] to read the statement.
About Hardman & Co: For the past 25 years Hardman has been producing
specialist research designed to improve investors' understanding of
companies, sectors, industries and investment securities. Our analysts are
highly experienced in their sectors, and have often been highly rated by
professional investors for their knowledge. Our focus is to raise companies'
profiles across the UK and abroad with outstanding research, investor
engagement programmes and advisory services. Some of our notes have been
commissioned by the company which is the subject of the note; this is
clearly stated in the disclaimer where this is the case.
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.
Our research is provided for the use of the professional investment
community, market counterparties and sophisticated and high net worth
investors as defined in the rules of the regulatory bodies. It is not
intended to be made available to unsophisticated retail investors. Anyone
who is unsure of their categorisation should consult their professional
advisors. This research is neither an offer, nor a solicitation, to buy or
sell any security. Please read the note for the full disclaimer.
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
973671 12-Feb-2020
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8e1fec59edeb9f0db4cdd110937b00d3&application_id=973671&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=973671&site_id=vwd&application_name=news
(END) Dow Jones Newswires
February 12, 2020 05:52 ET (10:52 GMT)
© 2020 Dow Jones News
