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TwentyFour Income Fund Ltd GBP
(LSE:TFIF)
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Rating:73Outperform
Price Target:
120.00 p
▲(10.91% Upside)
Action:N/A
Date:07/19/26
The score is driven primarily by solid financial positioning (notably a conservatively levered balance sheet) but tempered by meaningful volatility in revenue, earnings, and cash flow (notably the 2026 decline and the 2023 loss/outflow year). Valuation is a key positive given the low P/E and high dividend yield, while technicals are supportive but only moderately bullish.
TwentyFour Income Fund Ltd GBP (TFIF) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£986.66M
Dividend Yield9.97%
Average Volume (3M)1.74M
Price to Earnings (P/E)15.2
Beta (1Y)0.12
Revenue Growth-18.93%
EPS Growth-49.21%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management - Income
Share Statistics
EPS (TTM)0.07
Shares Outstanding910,205,300
10 Day Avg. Volume1,417,069
30 Day Avg. Volume1,740,915
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)0.93
Price to Sales (P/S)9.46
P/FCF Ratio79.52
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 Income Fund Ltd GBP Business Overview & Revenue Model
Company Description
TwentyFour Income Fund Limited is a closed-end investment vehicle, established in Guernsey on March 6, 2013, and initially launched by Numis Securities Limited. The fund is professionally managed by TwentyFour Asset Management LLP, with a strategi...
How the Company Makes Money
TFIF makes money by earning investment income and investment gains from its portfolio of securitised credit instruments, and distributing a portion of net income to shareholders as dividends. Its primary revenue stream is interest and coupon incom...
TwentyFour Income Fund Ltd GBP Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
88
Very Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 90.78M | 106.86M | 137.63M | -20.80M | 37.53M |
| Gross Profit | 83.81M | 106.24M | 137.37M | -21.03M | 32.79M |
| EBITDA | 54.83M | 104.73M | 136.73M | -21.61M | 36.63M |
| Net Income | 54.83M | 104.73M | 136.01M | -22.60M | 36.30M |
Balance Sheet | |||||
| Total Assets | 981.09M | 874.38M | 839.53M | 775.88M | 760.24M |
| Cash, Cash Equivalents and Short-Term Investments | 61.61M | 24.61M | 826.50M | 27.24M | 59.71M |
| Total Debt | 2.89M | 4.17M | 14.09M | 49.83M | 15.09M |
| Total Liabilities | 54.56M | 30.59M | 25.99M | 49.83M | 41.76M |
| Stockholders Equity | 926.53M | 843.79M | 813.54M | 724.98M | 718.48M |
Cash Flow | |||||
| Free Cash Flow | 10.80M | 96.50M | 69.86M | -91.84M | 54.45M |
| Operating Cash Flow | 10.80M | 96.50M | 69.86M | -91.84M | 54.45M |
| Investing Cash Flow | -46.43M | 18.92M | -4.02M | -112.57M | 20.46M |
| Financing Cash Flow | 26.66M | -85.03M | -83.96M | 60.64M | -6.27M |
TwentyFour Income Fund Ltd GBP Technical Analysis
Positive
108.20
Price Trends
107.91
Positive
106.86
Positive
105.66
Positive
Market Momentum
0.10
Negative
53.11
Neutral
68.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TFIF, the sentiment is Positive. The current price of 108.2 is above the 20-day moving average (MA) of 108.06, above the 50-day MA of 107.91, and above the 200-day MA of 105.66, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 53.11 is Neutral, neither overbought nor oversold. The STOCH value of 68.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TFIF.
TwentyFour Income Fund Ltd GBP Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £320.02M | 14.89 | 5.95% | 8.24% | 15.29% | -41.74% | |
73 Outperform | £986.66M | 15.25 | 6.11% | 9.97% | -18.93% | -49.21% | |
73 Outperform | £340.73M | 5.74 | 17.99% | 5.53% | 2.56% | 5.22% | |
71 Outperform | £188.37M | 12.38 | 7.50% | 7.88% | -9.41% | -21.45% | |
70 Outperform | £775.80M | -4.76 | -19.34% | 2.57% | -491.36% | -800.21% | |
58 Neutral | £380.98M | -4.36 | -9.74% | 18.09% | -161.30% | -224.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
GB:TFIF
TwentyFour Income Fund Ltd GBP
108.40
5.75
5.61%
GB:FGT
Finsbury Gwth & Inc Shs
786.00
-63.17
-7.44%
GB:SEIT
SDCL Energy Efficiency Income Trust Plc
35.10
-17.02
-32.66%
GB:MGCI
M&G Credit Income Investment Trust Plc
91.60
2.99
3.37%
GB:HHI
Henderson High Income Trust PLC
201.00
28.00
16.19%
GB:SMIF
TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs
85.60
4.66
5.76%
TwentyFour Income Fund Ltd GBP Corporate Events
Other
TwentyFour Income Fund Chair Increases Stake Through Share Purchase
Positive
Jul 16, 2026
TwentyFour Income Fund Limited reported that its chair and non-executive director, Bronwyn Curtis, has purchased 74,408 ordinary shares in the company at a price of 107.513 pence per share on the London Stock Exchange. Following this transaction, ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
TwentyFour Income Fund Raises £4.4m Through New Share Issue
Positive
Jul 15, 2026
TwentyFour Income Fund Limited, a FTSE 250-listed investment company, seeks to deliver attractive risk-adjusted returns mainly via income distributions from a diversified portfolio of UK, European, US and Australian asset-backed securities. The fu...
Other
TwentyFour Income Fund Director Increases Shareholding in London‑Listed Income Vehicle
Positive
Jul 15, 2026
Non‑executive director John Le Poidevin, a person discharging managerial responsibilities at TwentyFour Income Fund Limited, has increased his stake in the company through a market purchase of ordinary shares. The transaction underscores boa...
Business Operations and StrategyFinancial Disclosures
TwentyFour Income Fund Issues June 2026 Monthly Factsheet and Commentary
Positive
Jul 14, 2026
TwentyFour Income Fund Limited has released its monthly factsheet and commentary for June 2026, providing investors with updated information on portfolio positioning and performance. The documents, available on the company’s website, offer p...
Dividends
TwentyFour Income Fund Corrects Dividend Payment Date for Q2 2026
Positive
Jul 10, 2026
TwentyFour Income Fund Limited has corrected an error in its recent dividend announcement for the quarter ended 30 June 2026, clarifying that the payment date will now be 31 July 2026 instead of the previously stated 21 August 2026. The ex-dividen...
Business Operations and StrategyDividends
TwentyFour Income Fund Declares Quarterly Dividend of 2.00p per Share
Positive
Jul 9, 2026
TwentyFour Income Fund Limited, a FTSE 250-listed investment company, specialises in less liquid, higher-yielding asset-backed securities across the UK, Europe, the US and Australia to deliver income-focused, risk-adjusted returns. Its strategy ce...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
TwentyFour Income Fund Raises £3.29m Through New Share Issue
Positive
Jul 3, 2026
TwentyFour Income Fund Limited has issued 3,000,000 new ordinary shares at 109.52 pence each under its blocklisting facility, raising approximately £3.29 million before costs to fund further investments in line with its existing strategy. The...
Regulatory Filings and Compliance
TwentyFour Income Fund Updates Total Voting Rights and Share Capital
Neutral
Jul 1, 2026
TwentyFour Income Fund Limited reported that its issued share capital as of 30 June 2026 comprised 907,205,296 ordinary shares, each carrying one voting right, resulting in a total of 907,205,296 voting rights. The company confirmed it holds no sh...
Financial Disclosures
TwentyFour Income Fund Sets Date for 2026 Final Results and Investor Presentation
Neutral
Jun 30, 2026
TwentyFour Income Fund Limited will publish its final results for the year ended 31 March 2026 on 15 July 2026 and is arranging a live online presentation for investors the same day. The session, hosted via the Investor Meet Company platform, will...
Business Operations and StrategyPrivate Placements and Financing
TwentyFour Income Fund raises £1.1m through new share issue
Positive
Jun 19, 2026
TwentyFour Income Fund Limited has issued 1,000,000 new ordinary shares at 109.59 pence per share under its blocklisting facility, raising approximately £1.1 million before costs to meet strong market demand and deploy additional capital in l...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
TwentyFour Income Fund Raises £17.5m via New Share Issue to Expand ABS Portfolio
Positive
Jun 18, 2026
TwentyFour Income Fund Limited has expanded its capital base by issuing 16,000,000 new ordinary shares at 109.58 pence each under its blocklisting facility, raising £17.53 million before costs to deploy into asset-backed securities in line wi...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
TwentyFour Income Fund Raises £5.48 Million Through New Share Issue
Positive
Jun 12, 2026
TwentyFour Income Fund Limited has issued 5,000,000 new ordinary shares at 109.53 pence per share under its blocklisting facility, raising approximately £5.48 million before costs to meet investor demand and fund further investments in line w...
Business Operations and StrategyFinancial Disclosures
TwentyFour Income Fund Issues May 2026 Monthly Factsheet
Positive
Jun 12, 2026
TwentyFour Income Fund Limited has released its monthly factsheet and commentary for May 2026, providing investors with updated information on the portfolio and its performance. The documents, which can be accessed via the company’s website,...
Business Operations and StrategyPrivate Placements and Financing
TwentyFour Income Fund Raises £1.09m Through New Share Issue
Positive
Jun 5, 2026
TwentyFour Income Fund Limited, a FTSE 250 listed investment company, specialises in investing in less liquid, higher yielding asset-backed securities across the UK, Europe, the U.S. and Australia to deliver attractive risk-adjusted income for its...
Business Operations and StrategyPrivate Placements and Financing
TwentyFour Income Fund Raises £2.17m Through New Share Issue
Positive
May 27, 2026
TwentyFour Income Fund Limited has issued 2,000,000 new ordinary shares at 108.72 pence per share under its blocklisting facility, raising approximately £2.17 million before costs to meet investor demand. The capital raise supports further in...
Business Operations and StrategyPrivate Placements and Financing
TwentyFour Income Fund Raises £3.25m Through New Share Issue
Positive
May 22, 2026
TwentyFour Income Fund Limited has issued 3,000,000 new ordinary shares at 108.36 pence each under its blocklisting facility, raising approximately £3.25 million before costs to meet market demand and deploy additional capital in line with it...
Business Operations and StrategyFinancial Disclosures
TwentyFour Income Fund Issues April 2026 Portfolio Update
Positive
May 15, 2026
TwentyFour Income Fund Limited has released its monthly factsheet and commentary for April 2026, providing updated information on its diversified portfolio of UK, European, U.S. and Australian asset-backed securities. As a FTSE 250-listed vehicle ...
Business Operations and StrategyPrivate Placements and Financing
TwentyFour Income Fund Raises £2.1m Through New Share Issue
Positive
May 6, 2026
TwentyFour Income Fund Limited has issued 2,000,000 new ordinary shares of 1 pence each at 106.86 pence per share under its blocklisting facility, raising £2,137,200 before costs to fund new investments in line with its existing strategy. Fol...
Regulatory Filings and Compliance
TwentyFour Income Fund Sets Total Voting Rights at 869.2 Million Shares
Neutral
May 1, 2026
TwentyFour Income Fund Limited has confirmed that its issued share capital at 30 April 2026 comprised 869,205,296 ordinary shares, each carrying one voting right, and that it holds no shares in treasury. This disclosure sets the official total vot...
Financial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
TwentyFour Income Fund Raises Fresh Capital and Corrects April Share Issue Proceeds
Positive
Apr 30, 2026
TwentyFour Income Fund Limited has issued 4,000,000 new ordinary shares at 106.19 pence each under its blocklisting facility, raising £4.25 million before costs to meet market demand and deploy additional capital in line with its existing inv...
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.