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TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs
(LSE:SMIF)
Select Model
Select Model
Rating:75Outperform
Price Target:
96.00 p
▲(11.76% 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 sheet
The 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 profile
The 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The 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.
Read all positive factors
TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs (SMIF) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£322.38M
Dividend Yield8.25%
Average Volume (3M)1.00M
Price to Earnings (P/E)14.9
Beta (1Y)0.18
Revenue Growth15.29%
EPS Growth-41.74%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management - Income
Share Statistics
EPS (TTM)0.06
Shares Outstanding377,056,030
10 Day Avg. Volume1,095,029
30 Day Avg. Volume1,001,073
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)0.91
Price to Sales (P/S)10.04
P/FCF Ratio21.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 invest...
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 g...
TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Sep 2025 | Sep 2022 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.04M | 24.68M | 40.49M | 17.83M | 6.28M | 25.70M |
| Gross Profit | 26.74M | 22.61M | 40.49M | 26.33M | 4.81M | 24.15M |
| EBITDA | 16.43M | 26.50M | 39.50M | 28.74M | -37.33M | 21.90M |
| Net Income | 16.70M | 27.30M | 39.50M | 26.94M | -35.45M | 24.98M |
Balance Sheet | ||||||
| Total Assets | 299.09M | 278.47M | 228.76M | 186.10M | 153.53M | 182.49M |
| Cash, Cash Equivalents and Short-Term Investments | 293.90M | 6.27M | 7.59M | 5.30M | 674.78K | 178.55M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 9.95M | 5.75M | 8.99M | 4.41M | 2.20M | 4.49M |
| Stockholders Equity | 289.14M | 272.72M | 219.77M | 181.69M | 151.33M | 178.00M |
Cash Flow | ||||||
| Free Cash Flow | 16.87M | 11.32M | 4.45M | 14.00K | -11.50M | 31.48M |
| Operating Cash Flow | 16.87M | 11.32M | 4.45M | 14.00K | -11.50M | 31.48M |
| Investing Cash Flow | -51.24M | -37.41M | -14.69M | -16.80M | -17.80M | 18.50M |
| Financing Cash Flow | 38.06M | 24.76M | -2.17M | 4.62M | 9.27M | -40.32M |
TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Technical Analysis
Positive
85.90
Price Trends
85.15
Positive
84.41
Positive
83.25
Positive
Market Momentum
>-0.01
Negative
56.61
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SMIF, the sentiment is Positive. The current price of 85.9 is above the 20-day moving average (MA) of 85.19, above the 50-day MA of 85.15, and above the 200-day MA of 83.25, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.61 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SMIF.
TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £322.38M | 14.87 | 5.95% | 8.25% | 15.29% | -41.74% | |
73 Outperform | £345.82M | 7.85 | 13.14% | 5.45% | 2.56% | 5.22% | |
73 Outperform | £990.30M | 15.30 | 6.11% | 9.94% | -18.93% | -49.21% | |
70 Outperform | £784.09M | -4.82 | -19.34% | 2.54% | -491.36% | -800.21% | |
59 Neutral | £186.31M | 12.24 | 7.50% | 7.97% | -9.41% | -21.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | £392.38M | -4.49 | -9.74% | 17.57% | -161.30% | -224.61% |
* General Sector Average
GB:SMIF
TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs
85.50
5.12
6.38%
GB:FGT
Finsbury Gwth & Inc Shs
796.00
-44.40
-5.28%
GB:SEIT
SDCL Energy Efficiency Income Trust Plc
36.15
-15.22
-29.63%
GB:MGCI
M&G Credit Income Investment Trust Plc
90.60
2.36
2.67%
GB:HHI
Henderson High Income Trust PLC
204.00
35.98
21.42%
GB:TFIF
TwentyFour Income Fund Ltd GBP
108.80
6.88
6.75%
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 pol...
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 ...
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...
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 ...
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 increas...
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 incre...
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 nu...
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 t...
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 instit...
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 shar...
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...
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 e...
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...
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 polic...
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. Th...
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 ...
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. Th...
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 t...
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 ...
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...
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 ...
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-yieldin...
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 ...
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 polic...
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.