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P2P2 P2P Global C

905.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
P2P Global C LSE:P2P2 London Ordinary Share GB00BYRY7J03 C 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 905.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 905.50 GBX

P2P Global C (P2P2) Latest News

Real-Time news about P2P Global C (London Stock Exchange): 0 recent articles

P2P Global C (P2P2) Discussions and Chat

P2P Global C Forums and Chat

Date Time Title Posts
24/2/201610:01P2P new 'C' shares 7

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P2P Global C (P2P2) Most Recent Trades

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P2P Global C (P2P2) Top Chat Posts

Top Posts
Posted at 24/2/2016 10:01 by davebowler
Liberum;
P2P Global Investments (BUY)
C share conversion to take place in March

Event
P2PGI yesterday announced that over 90% of the net proceeds raised in the C share issue in July 2015 will shortly be invested. Conversion of the C shares into ordinary shares will take place during March following the announcement of the February NAV for both share classes. Once the share classes have merged, P2PGI expects to resume a regular quarterly dividend with the dividend for Q1 2016 to be declared in April.

Separately, P2PGI also announced the NAV for January with the portfolio delivered NAV growth of 0.41% and 0.48% respectively for the ordinary shares and C shares during the month.

Liberum view
The merging of the C shares is in line with the 6-9 month target set at the time of issue. The majority of the portfolio metrics have remained broadly unchanged in the month with the weighted average coupon on the ordinary shares stable at 10.0%. The coupon on the C share portfolio was 11.3% (vs. 11.5% at December 2015) and we believe this is mainly due to a change in the portfolio mix (slightly higher allocation to A grade and lower weighting in D grade). The gearing on the ordinary shares rose to 78% by the end of January (69% at December 2015). The ordinary and C shares are currently trading on discounts to NAV of 17.1% and 16.5% respectively.
Posted at 29/9/2015 13:09 by davebowler
Liberum;
P2P Global Investments (BUY, TP 1300p)
0.49% NAV increase in August 2015

Event
P2PGI issued the monthly NAV report for August 2015 with NAV growth per ordinary share of 0.49% taking the NAV per ordinary share to 1,014.45p and the NAV growth since inception to 7.18% (excluding the NAV per share from the tap issue at a premium to NAV).

At the end of August, 80.2% of the credit asset portfolio was invested in consumer loans mainly in the US and 17% in SME loans mainly in Europe. 2.7% of the ordinary share portfolio was invested in to the P2P platforms in the form of equity, options, warrants or convertibles.

The latest C share capital that started to deploy in August is now 9.8% deployed, mainly in the US and Europe, in consumer and SME loans.

Liberum view
P2PGI continues to deploy funds towards growth opportunities through new and existing origination channels and partnerships. We believe the Company will remain active and create value. P2PGI is trading at 5.5% and 2.3% premium respectively for Ordinary and new C shares against their August NAV.
P2P Global C share price data is direct from the London Stock Exchange

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