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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:
$97.00
Action:N/A
Date:06/18/26
The score is driven primarily by strong financial positioning (debt-free balance sheet) and solid recent profitability, offset by meaningful historical volatility in earnings and cash generation. Technicals add support with price above major moving averages and positive momentum, while valuation is helped by a very high dividend yield alongside a mid-range P/E.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure gives the fund durable financial flexibility: lower solvency risk, no mandatory interest burden, and capacity to endure market drawdowns without forced asset sales. This supports sustained distributions and strategic portfolio actions over months.
Negative Factors
Earnings and revenue volatility
Material swings in revenue and earnings, including a sharp loss year, reduce predictability of returns and distributions. For income-focused investors this creates structural uncertainty: payout sustainability and capital stability can change markedly with market cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure gives the fund durable financial flexibility: lower solvency risk, no mandatory interest burden, and capacity to endure market drawdowns without forced asset sales. This supports sustained distributions and strategic portfolio actions over months.
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
£306.32M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)14.9
Beta (1Y)0.19
Revenue Growth15.29%
EPS Growth-41.74%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management - Income
Share Statistics
EPS (TTM)0.06
Shares Outstanding356,606,020
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
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
SMIF does not generate revenue from selling products or services; its economics are those of an investment fund. It makes money primarily through (a) net investment income—interest/coupon income received from the bonds/credit instruments it holds,...
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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
TwentyFour Select Monthly Income Fund Ltd 2014-17.2.15 GBP Ptg.Shs Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
TwentyFour Select Monthly Income Fund Raises Capital Through New Share Issue
Positive
Jun 15, 2026
TwentyFour Select Monthly Income Fund Limited has issued 1,000,000 new ordinary shares at 86.04 pence each, raising £860,400 before costs to meet market demand and fund additional investments in line with its existing strategy. Following this...
Business Operations and StrategyFinancial Disclosures
TwentyFour Select Monthly Income Fund Issues May 2026 Factsheet and Commentary
Positive
Jun 12, 2026
TwentyFour Select Monthly Income Fund Limited has released its monthly factsheet and commentary for the period to the end of May 2026, providing investors with updated information on the fund’s performance and positioning. The documents are ...
Business Operations and StrategyDividends
TwentyFour Select Monthly Income Fund Declares Regular Monthly Dividend
Positive
Jun 11, 2026
TwentyFour Select Monthly Income Fund Limited has declared a monthly dividend of 0.5 pence per share for the financial period ended 31 May 2026. The dividend will be paid on 3 July 2026 to shareholders on the register as of 19 June, with the share...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
TwentyFour Select Monthly Income Fund Seeks Block Listing of 30 Million New Shares
Positive
Jun 11, 2026
TwentyFour Select Monthly Income Fund Limited has applied to the London Stock Exchange for a block listing of 30,000,000 additional ordinary shares of 1 pence each, to be admitted to the FCA’s Official List and to trading on the LSE Main Mar...
Business Operations and StrategyFinancial Disclosures
TwentyFour Select Monthly Income Fund Publishes New Investor Update
Positive
Jun 10, 2026
TwentyFour Select Monthly Income Fund Limited has released an investor update presentation, which is now available for download on its website for retail investors. The update, linked to the fund’s annual results, offers shareholders and pot...
Business Operations and StrategyDividendsFinancial Disclosures
TwentyFour Select Monthly Income Fund lifts quality, grows assets and beats dividend target
Positive
Jun 10, 2026
TwentyFour Select Monthly Income Fund reported interim results showing modest NAV total return of 0.24% for the six months to 31 March 2026, as positive first-quarter performance was partly reversed by wider credit spreads in the second quarter. N...
Private Placements and FinancingRegulatory Filings and Compliance
TwentyFour Select Monthly Income Fund Raises £859,900 Through New Share Issue
Positive
Jun 5, 2026
TwentyFour Select Monthly Income Fund Limited has issued 1,000,000 new ordinary shares at 85.99 pence each, raising £859,900 before costs to meet investor demand and deploy additional capital in line with its investment policy. Following this...
Business Operations and Strategy
TwentyFour Select Monthly Income Fund Receives Tenders for 189,146 Shares
Neutral
Jun 2, 2026
TwentyFour Select Monthly Income Fund Limited has reported that tender submissions were received for an aggregate of 189,146 ordinary shares by the 1 June 2026 deadline, relating to the tender quarter with a record date of 30 June 2026. The announ...
Regulatory Filings and Compliance
TwentyFour Select Monthly Income Fund Confirms Total Voting Rights at 353 Million Shares
Neutral
Jun 1, 2026
TwentyFour Select Monthly Income Fund Limited reported that as of 31 May 2026 its issued share capital comprised 353,106,026 ordinary shares, each carrying one voting right, with no shares held in treasury. This confirmation of a stable capital an...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
TwentyFour Select Monthly Income Fund raises £1.28m through new share issue
Positive
May 22, 2026
TwentyFour Select Monthly Income Fund Limited has issued 1,500,000 new ordinary shares at 85.13 pence per share, raising £1,276,950 before costs to meet investor demand and deploy additional capital in line with its credit-focused investment ...
Business Operations and StrategyShareholder Meetings
TwentyFour Select Monthly Income Fund wins shareholder backing for expanded share issuance powers
Positive
May 19, 2026
Shareholders in TwentyFour Select Monthly Income Fund Limited have approved all resolutions at an Extraordinary General Meeting held on 19 May 2026, endorsing the board’s proposals with strong, though not unanimous, support. The outcome prov...
Business Operations and StrategyFinancial Disclosures
TwentyFour Select Monthly Income Fund Sets Date for Interim Results and Investor Presentation
Positive
May 18, 2026
TwentyFour Select Monthly Income Fund Limited will publish its interim results for the half-year to 31 March 2026 on 10 June 2026, and is pairing the release with a live online presentation for investors via the Investor Meet Company platform. The...
Business Operations and StrategyFinancial Disclosures
TwentyFour Select Monthly Income Fund Issues April 2026 Factsheet and Commentary
Neutral
May 15, 2026
TwentyFour Select Monthly Income Fund Limited has released its monthly factsheet and commentary for April 2026, providing investors with updated information on the fund’s performance and positioning. The documents are available through the c...
Business Operations and StrategyDividends
TwentyFour Select Monthly Income Fund Declares Regular Monthly Dividend
Positive
May 14, 2026
TwentyFour Select Monthly Income Fund Limited has declared a monthly dividend of 0.5 pence per share for the financial period ended 30 April 2026, in line with its stated distribution policy. The dividend, which maintains the fund’s regular ...
Regulatory Filings and Compliance
TwentyFour Select Monthly Income Fund Sets Total Voting Rights at 351.6 Million
Neutral
May 1, 2026
TwentyFour Select Monthly Income Fund Limited reported that its issued share capital as of 30 April 2026 comprised 351,606,026 ordinary shares, each carrying one voting right, with no shares held in treasury. This disclosure sets the official tota...
Regulatory Filings and ComplianceShareholder Meetings
TwentyFour Select Monthly Income Fund Calls Extraordinary General Meeting in May 2026
Neutral
Apr 28, 2026
TwentyFour Select Monthly Income Fund Limited has called an Extraordinary General Meeting to be held on 19 May 2026 at the offices of Northern Trust International Fund Administration Services in St Peter Port, Guernsey. The company has posted the ...
Private Placements and FinancingRegulatory Filings and Compliance
TwentyFour Select Monthly Income Fund Raises £1m Through New Share Issue
Positive
Apr 20, 2026
TwentyFour Select Monthly Income Fund Limited has issued 1,166,829 new ordinary shares at 85.31 pence per share, raising £995,421.82 before costs to meet market demand and deploy additional capital in line with its investment policy. Followin...
Business Operations and StrategyFinancial Disclosures
TwentyFour Select Monthly Income Fund Issues March 2026 Monthly Factsheet and Commentary
Positive
Apr 17, 2026
TwentyFour Select Monthly Income Fund Limited has released its monthly factsheet and commentary for March 2026, providing investors with updated information on the fund’s performance and positioning. The documents are available through the c...
DividendsFinancial Disclosures
TwentyFour Select Monthly Income Fund Raises Monthly Payout with Additional Dividend
Positive
Apr 16, 2026
TwentyFour Select Monthly Income Fund Limited has declared a total dividend of 0.75 pence per share for the period ended 31 March 2026, comprising its regular monthly dividend of 0.5 pence and an additional 0.25 pence per share. The dividend will ...
Business Operations and StrategyStock Buyback
TwentyFour Select Monthly Income Fund Announces Q1 2026 Tender Results and Treasury Share Purchases
Neutral
Apr 7, 2026
TwentyFour Select Monthly Income Fund Limited has reported the results of its quarterly share tender for the period ending 31 March 2026, with 666,341 shares validly tendered. The fund, which focuses on less liquid credit instruments, continues to...
Regulatory Filings and Compliance
TwentyFour Select Monthly Income Fund Corrects Director Share Dealing Disclosure
Neutral
Mar 19, 2026
TwentyFour Select Monthly Income Fund has clarified details of a recent share purchase by non‑executive director and PDMR Simon Richard Class, correcting an earlier disclosure that had stated the acquisition was made at a single price. The c...
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.