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TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs (SMIF) AI Stock Analysis

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GB:SMIF

TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs

(LSE:SMIF)

Select Model
Rating:75Outperform
Price Target:GBX 96.00â–²(17.22% Upside)
Action:reiterated
Date:09/18/26

The score is driven primarily by strong financial positioning (notably a debt-free balance sheet) and an attractive income/valuation profile (high dividend yield with a moderate P/E). Offsetting these positives are the company’s historically volatile earnings and cash flow, while technical indicators point to only modest/neutral momentum.

Positive Factors
Debt-free balance sheetThe absence of reported debt and the very large equity base provide substantial financial resilience. This reduces solvency and refinancing pressure, preserves flexibility during weaker credit conditions, and supports the fund’s ability to manage its portfolio without leverage constraints.
Negative Factors
Volatile earnings profileThe sharp swing from a severe 2022 loss to profits in later years shows that reported earnings are highly sensitive to portfolio and market outcomes. This variability makes future profitability and distribution sustainability less predictable across weaker credit or investment periods.

TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs (SMIF) vs. iShares MSCI United Kingdom ETF (EWC)

-10%-5%0%5%10%15%20%25%30%GB:SMIF+1.98%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 310.04M
Dividend Yield
8.14%
Average Volume (3M)
1.04M
Price to Earnings (P/E)
14.2
Beta (1Y)
0.19
Revenue Growth
15.29%
EPS Growth
-41.74%
Country
UK
Employees
―
Sector
General
Sector Strength
55
Industry
Asset Management - Income

TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Business Overview & Revenue Model

Company Description

The TwentyFour Select Monthly Income Fund Limited operates as a closed-end investment vehicle focused on fixed income. It was launched by Numis Securities Ltd. and is managed by TwentyFour Asset Management LLP, with its main objective being investmen...

How the Company Makes Money

The fund makes money primarily from investment returns generated by its underlying portfolio. Its main return sources are (1) interest income (coupon/interest payments) received on the credit and fixed-income instruments it holds and (2) capital gain...

TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Financial Statement Overview

Summary

Strong balance sheet quality (zero debt and high equity base) supports financial resilience, and profitability is solid in recent years. However, revenue, earnings, and cash flow have been meaningfully volatile across periods, with some negative/weak years that increase downside risk.

Income Statement

72Positive

Balance Sheet

90Very Positive

Cash Flow

64Positive
Financial statement breakdown
BreakdownTTMSep 2025Sep 2023Sep 2022Sep 2022Sep 2021
Income Statement
Total Revenue29.04M24.68M17.83M6.28M22.92M25.70M
Gross Profit26.74M22.61M16.34M4.81M21.17M15.19M
EBITDA16.43M26.50M28.74M-37.33M39.50M21.90M
Net Income16.70M27.30M26.94M-35.45M39.50M24.98M
Balance Sheet
Total Assets299.09M278.47M186.10M153.53M228.76M182.49M
Cash, Cash Equivalents and Short-Term Investments293.90M6.27M5.30M674.78K7.59M178.55M
Total Debt000000
Total Liabilities9.95M5.75M4.41M2.20M8.99M4.49M
Stockholders Equity289.14M272.72M181.69M151.33M219.77M178.00M
Cash Flow
Free Cash Flow16.87M11.32M14.00K-11.50M4.45M31.48M
Operating Cash Flow16.87M11.32M14.00K-11.50M4.45M31.48M
Investing Cash Flow-51.24M-37.41M-16.80M-17.80M-14.69M18.50M
Financing Cash Flow38.06M24.76M4.62M9.27M-2.17M-40.32M

TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Technical Analysis

Technical Analysis SentimentNegative
Last Price81.90

Price Trends

50DMA83.26Negative
100DMA83.61Negative
200DMA82.51Negative

Market Momentum

MACD-0.57Negative
RSI46.60Neutral
STOCH70.51Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SMIF, the sentiment is Negative. The current price of 81.90 is below the 20-day moving average (MA) of 82.14, below the 50-day MA of 83.26, and below the 200-day MA of 82.51, indicating a bearish trend. The MACD of -0.57 indicates Negative momentum. The RSI at 46.60 is Neutral, neither overbought nor oversold. The STOCH value of 70.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SMIF.

TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

GB:SMIF against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:SMIFGB:SMIF75OutperformGBP 310.04M14.245.95%8.14%15.29%-41.74%
GB:TFIFGB:TFIF74OutperformGBP 976.75M14.826.11%10.26%-18.93%-49.21%
GB:HHIGB:HHI73OutperformGBP 349.21M7.9213.14%5.40%2.56%5.22%
GB:FGTGB:FGT70OutperformGBP 828.00M-5.14-19.34%2.47%-491.36%-800.21%
GB:MGCIGB:MGCI66NeutralGBP 183.02M13.177.06%7.98%-9.41%-21.45%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
GB:SEITGB:SEIT49NeutralGBP 347.33M-3.98-9.74%19.84%-19.35%-224.61%

* General Sector Average

Performance Comparison

-40%-20%0%GB:SMIFGB:FGTGB:SEITGB:MGCIGB:HHIGB:TFIFDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:SMIF and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:SMIFTwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs81.901.591.98%
GB:FGTFinsbury Gwth & Inc Shs849.0022.352.70%
GB:SEITSDCL Energy Efficiency Income Trust Plc32.00-25.61-44.46%
GB:MGCIM&G Credit Income Investment Trust Plc89.001.281.46%
GB:HHIHenderson High Income Trust PLC206.0029.4916.71%
GB:TFIFTwentyFour Income Fund Ltd GBP105.404.324.27%

TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Corporate Events

Private Placements and FinancingRegulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Raises £1.27m Through New Share Issue

Positive
Sep 18, 2026

TwentyFour Select Monthly Income Fund Limited has issued 1.5 million new ordinary shares at 84.63 pence each, raising approximately £1.27 million before costs to meet market demand and deploy additional capital in line with its investment policy...

Business Operations and StrategyPrivate Placements and Financing

TwentyFour Select Monthly Income Fund Raises £1.88m Through New Share Issue

Positive
Sep 14, 2026

TwentyFour Select Monthly Income Fund Limited has issued 2,200,000 new ordinary shares at 85.53 pence each, raising about £1.88 million before costs to deploy into credit securities in line with its investment policy. The move is intended to sat...

Business Operations and StrategyFinancial Disclosures

TwentyFour Select Monthly Income Fund publishes August 2026 factsheet and commentary

Positive
Sep 14, 2026

TwentyFour Select Monthly Income Fund Limited has released its monthly factsheet and commentary for the period to the end of August 2026, providing updated performance data and portfolio insights for investors. The publication underscores the fund&#8...

Dividends

TwentyFour Select Monthly Income Fund Declares Regular Monthly Dividend

Positive
Sep 10, 2026

TwentyFour Select Monthly Income Fund Limited has declared a regular monthly dividend of 0.5 pence per share for the financial period ended 31 August 2026. The distribution, aligned with the fund’s stated prospectus objectives, will be paid on...

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Raises Capital Through Share Issue

Positive
Sep 7, 2026

TwentyFour Select Monthly Income Fund Limited has issued 1,000,000 new ordinary shares at 85.56 pence each, raising £855,600 before costs to meet market demand and deploy additional capital in line with its investment policy. The move increases...

Business Operations and StrategyPrivate Placements and Financing

TwentyFour Select Monthly Income Fund Raises £3.4m Through New Share Issue

Positive
Sep 3, 2026

TwentyFour Select Monthly Income Fund Limited has issued 4,000,000 new ordinary shares at 85.76 pence each, raising £3.43 million before costs to meet market demand and fund further investments in line with its stated strategy. The move increase...

Regulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Confirms Total Voting Rights

Neutral
Sep 1, 2026

TwentyFour Select Monthly Income Fund Limited has reported that its issued share capital as of 31 August 2026 comprises 369,856,026 ordinary shares, each carrying one voting right, with no shares held in treasury. This disclosure sets the total numbe...

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Raises Capital Through New Share Issue

Positive
Aug 17, 2026

TwentyFour Select Monthly Income Fund Limited has issued 1,000,000 new ordinary shares at 86.23 pence per share, raising £862,300 before costs to meet market demand and deploy additional capital in line with its investment policy. Following this...

Business Operations and StrategyFinancial Disclosures

TwentyFour Select Monthly Income Fund Publishes July 2026 Factsheet and Commentary

Positive
Aug 14, 2026

TwentyFour Select Monthly Income Fund Limited has released its monthly factsheet and commentary covering performance and positioning to the end of July 2026. The documents, available via the company’s website, provide professional and instituti...

Dividends

TwentyFour Select Monthly Income Fund Confirms Regular July Dividend

Positive
Aug 13, 2026

TwentyFour Select Monthly Income Fund Limited has declared a regular monthly dividend of 0.5 pence per share for the financial period ended 31 July 2026, in line with its stated dividend policy. The payment will be made on 4 September 2026 to shareho...

Regulatory Filings and ComplianceShareholder Meetings

TwentyFour Select Monthly Income Fund Sets Date for 2026 AGM

Neutral
Aug 12, 2026

TwentyFour Select Monthly Income Fund Limited has called its 2026 Annual General Meeting for 8 September in St Peter Port, Guernsey. The formal notice of the AGM is being mailed to shareholders, and related documents have been filed with the UK&#8217...

Business Operations and StrategyPrivate Placements and Financing

TwentyFour Select Monthly Income Fund Raises £2.6m Through New Share Issue

Positive
Aug 7, 2026

TwentyFour Select Monthly Income Fund has issued 3,000,000 new ordinary shares at 86.17 pence each, raising approximately £2.59 million before costs to meet market demand and deploy additional capital in line with its investment policy. The enla...

Regulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Confirms Total Voting Rights

Neutral
Aug 3, 2026

TwentyFour Select Monthly Income Fund Limited has confirmed that its issued share capital as of 31 July 2026 comprised 363,856,026 ordinary shares, each carrying one voting right, with no shares held in treasury. The company stated that this total of...

Private Placements and FinancingRegulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Raises £1.29m Through New Share Issue

Neutral
Jul 31, 2026

TwentyFour Select Monthly Income Fund Limited has issued 1,500,000 new ordinary shares at 85.72 pence each, raising approximately £1.29 million before costs to meet market demand and deploy additional capital in line with its investment policy....

Business Operations and StrategyPrivate Placements and Financing

TwentyFour Select Monthly Income Fund Raises £857,900 Through New Share Issue

Positive
Jul 24, 2026

TwentyFour Select Monthly Income Fund Limited has issued 1,000,000 new ordinary shares at 85.79 pence each, raising approximately £857,900 before costs to meet market demand and deploy additional capital in line with its investment policy. The m...

Business Operations and StrategyPrivate Placements and Financing

TwentyFour Select Monthly Income Fund Raises £1.07m Through New Share Issue

Positive
Jul 17, 2026

TwentyFour Select Monthly Income Fund Limited has issued 1,250,000 new ordinary shares at 85.87 pence per share, raising approximately £1.07 million before costs to meet market demand and deploy additional capital in line with its investment pol...

Business Operations and StrategyFinancial Disclosures

TwentyFour Select Monthly Income Fund Releases June 2026 Factsheet and Commentary

Positive
Jul 14, 2026

TwentyFour Select Monthly Income Fund Limited announced the publication of its monthly factsheet and commentary for the period ending June 2026, which is now available on the company’s website for professional and institutional investors. The r...

Private Placements and FinancingRegulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Raises £863,000 Through New Share Issue

Positive
Jul 10, 2026

TwentyFour Select Monthly Income Fund Limited has issued 1,000,000 new ordinary shares at 86.30 pence per share, raising £863,000 before costs to meet market demand and deploy additional capital in line with its investment policy. Following this...

DividendsFinancial Disclosures

TwentyFour Select Monthly Income Fund Lifts Annual Dividend Guidance Above Target

Positive
Jul 9, 2026

TwentyFour Select Monthly Income Fund Limited has declared a regular monthly dividend of 0.5 pence per share for the financial period ended 30 June 2026, consistent with its stated distribution policy. The dividend will be paid on 31 July 2026 to sha...

Stock BuybackFinancial Disclosures

TwentyFour Select Monthly Income Fund Completes Quarterly Tender in Full at Premium to NAV

Positive
Jul 6, 2026

TwentyFour Select Monthly Income Fund Limited has reported the results of its quarterly tender for the period ending 30 June 2026, confirming that 189,146 shares were tendered and all were purchased by Deutsche Numis. The tender was executed at 85.85...

Private Placements and FinancingRegulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Raises £1.7m Through New Share Issue

Positive
Jul 3, 2026

TwentyFour Select Monthly Income Fund Limited has issued 2,000,000 new ordinary shares at 86.20 pence per share, raising £1.724 million before costs to meet market demand and deploy fresh capital in line with its investment policy. Following thi...

Regulatory Filings and Compliance

TwentyFour Select Monthly Income Fund Confirms Total Voting Rights at 356.6 Million Shares

Neutral
Jul 1, 2026

TwentyFour Select Monthly Income Fund Limited, a Guernsey-incorporated closed-ended fund listed in London, invests in a diversified portfolio of credit securities with an emphasis on less liquid debt instruments. The company targets higher-yielding o...

Business Operations and StrategyPrivate Placements and Financing

TwentyFour Select Monthly Income Fund Raises Capital Through New Share Issue

Positive
Jun 22, 2026

TwentyFour Select Monthly Income Fund Limited has issued 73,555 new ordinary shares at 85.95 pence each, raising £63,220.52 before costs to meet market demand and deploy additional capital in line with its investment policy. The fund’s iss...

Business Operations and StrategyPrivate Placements and Financing

TwentyFour Select Monthly Income Fund Raises £1.23m Through New Share Issue

Positive
Jun 19, 2026

TwentyFour Select Monthly Income Fund Limited has issued 1,426,445 new ordinary shares at 85.97 pence each, raising approximately £1.23 million before costs to meet market demand and deploy additional capital in line with its investment policy....

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 18, 2026