Volta Finance (EU: VTA)

Last close As at 22/05/2024

6.26

−0.02 (−0.32%)

Market capitalisation

229m

Edison Investment Research is terminating coverage on Volta Finance. Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Previously published reports can still be accessed via our website.

Latest Insights

View More

Investment Companies | Review

Volta Finance — Well-positioned for a recovery scenario

Investment Companies | Review

Volta Finance — Continued healthy cash yield

Investment Companies | edison tv

Bitesize briefing – Volta Finance

Investment Companies | Update

Volta Finance — Shift towards CLO equity ahead of cycle turn

Share Price Performance

Overview

Volta Finance (VTA) posted a 5.7% decrease in NAV in 2020, recovering from the initial 32.4% drop in March. This was mainly supported by CLO equity tranches posting solid monthly returns in November and December 2020 at +11.0% and 9.7%, respectively. Volta had anticipated a downturn for some time and repositioned its portfolio into CLO equity over the last two years. During the early-2020 market turmoil, Volta’s manager focused on securing liquidity by fully deleveraging the portfolio and implementing cost-cutting initiatives. In December, Volta introduced a dividend policy to pay 8% of its NAV (in line with historical yields), which currently implies a prospective 9.2% yield on the share price.

Research

Update

Investment Companies

Volta Finance — Shift towards CLO equity ahead of cycle turn

edison tv

Investment Companies

Bitesize briefing – Volta Finance

Thematics

thematic

Investment Companies

UK stock market – Scope for further upside in UK large-cap stocks

thematic

Investment Companies

Listed private equity – Performing a balancing act

thematic

Investment Companies

European equities

thematic

Investment Companies

Listed Private Equity

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free