Added to YB: 2025-04-29
Pitch date: 2025-04-26
FAIR.L [neutral]
Fair Oaks Income Limited
-10.8%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Fair Oaks Income Limited is a feeder fund launched and managed by Fair Oaks Capital Limited. The fund invests its entire corpus in FOIF II LP and FOMC III LP.
FAIR Juan!
FAIR.L (earnings update): Strong 2024 results w/ 14.9% NAV return, outperforming loan/HY indices (9.4%/8.9%). 14.8% div yield fully covered. CLO equity 85% of portfolio, default rate 0.37% vs market's 1.72%. Strong OC test cushion (4%) gives 14% default protection. Now trading at 9.1% discount vs recent premium despite $3.4M higher income for 2025.
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