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SUPP Schroder Uk Public Private Trust Plc

14.725
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Schroder Uk Public Private Trust Plc LSE:SUPP London Ordinary Share GB00BVG1CF25 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 14.725 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
14.25 15.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 14.725 GBX

Schroder Uk Public Private (SUPP) Latest News

Schroder Uk Public Private (SUPP) Discussions and Chat

Schroder Uk Public Private Forums and Chat

Date Time Title Posts
12/4/202410:44::: SCHRODER UK PUBLIC PRIVATE TRUST :::1,396
25/4/202316:37Schroder UK Public Private 300
07/12/202217:45End September valuation-
20/12/201922:36SUPP2
18/2/200409:0824 Hour clock1

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Schroder Uk Public Private (SUPP) Most Recent Trades

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Posted at 04/12/2023 10:51 by cc2014
Have we moved threads. I thought we had but there doesn't seem to be one for INOV.

Anyway NAV down again by 5% to 23.5p in the qtr.

Share price remains in the dog house at 15p
Posted at 10/7/2023 15:30 by spectoacc
Brilliant isn't it, the fun never stops at WPCT/SUPP/INOV:


"Tim Creed, lead fund manager and head of private equity investments at Schroders, reiterated that Revolut was a high-quality business with a proven long-term growth track record, given its shift from solely currency exchange to a ‘multi-product, multi-country’ banking service.

‘Revolut really can do a lot of things in a lot of geographies, which means the ceiling for Revolut is very, very high. In fact, we would argue that it’s one of Europe’s best venture-capital-backed companies,’ he said.


Well, that sounds good. But:


"...In annual results for 2021, auditor BDO warned the company’s [Revolut's] revenues could have been ‘materially misstated’ as it was unable to verify about two-thirds of revenues."
Posted at 19/4/2023 17:45 by pugugly
Or to look at another way: Are the unquoted worth less than 18% of their claimed NAV. Possibly and also if a market turns down and ONT collapses could be close run. Valuation of ONT within SUPP below thanks to bamboo214 Apr '23 - 19:41 - 1357 of 1376

Supp holding 23,334,390 ONT shares.
23,334,390 x 2.37 = £55,302,504.30

Supp mcap = £118,225,435.18

ONT currently represents 46.78% of the Supp mcap
Posted at 17/4/2023 07:29 by spectoacc
Can learn a lot about SUPP from just a few lines of the Final Results this morning.

One is that the first excuse given for poor NAV performance is the invasion of Ukraine.

Second is the continuing blame heaped on the "previous manager".

Third is "..Future returns will be driven by the performance of investments made by our Manager..".

A couple of juniors, making little or no headway and with little or no track record, investing tiny amounts in the context of the size of SUPP, much of it done near the top of the market. Good luck with that.

Top holdings:

ONT - 23% (Woodford)
Atom - 13% (Woodford)
AMO Pharma - 6.8% (Woodford)
Reaction Engines (lol) - 5.2% (Woodford)
BenevolentAI - 4.9% (Woodford)
FW - 4.6% (Woodford)

Etc. If the future performance relies on the Schroders Juniors, the discount looks about right. I'd say future performance rests almost entirely on ONT (ATOM looks a potential bust or big dilution, it always needs more cash).

Promising to spend 25% of any realisations on buy backs is an interesting approach - they've gone so well so far? Why not return 25% - or 50%, or better, 100% - of realisations via divi to very long-suffering shareholders?

A question posed many times - when do WPCT/SUPP shareholders ever see any money back? The 2025 continuation vote looks the only prospect, but difficult to say how much could be realised beyond ONT.
Posted at 14/4/2023 19:41 by bamboo2
Supp holding 23,334,390 ONT shares.
23,334,390 x 2.37 = £55,302,504.30

Supp mcap = £118,225,435.18

ONT currently represents 46.78% of the Supp mcap

The coming months could see news driven strength drive the ONT sp, which should help support Supp.
Posted at 06/4/2023 09:17 by spectoacc
Ah but they can co-invest in a later funding round with something Schroders are already involved with. ie getting the WPCT mandate didn't just allow Schroders to rip c.£3-4m a year out of the trust, didn't just allow for them appointing Schroders in place of Link as trustee (more fees), didn't just allow for expenses, wages, free publicity. It also allows Schroders to use SUPP to support investee co's they're invested in with other funds.

Handy, in this market.

Someone - likely City - should have compelled Schroders/SUPP to return cash long ago. The Schroders Juniors shouldn't be getting to play with it like this. Even if their punts are eventually net winners (no evidence so far), how much difference does an $8m punt in a later funding round actually make?

Or more to the point - when, ever, do SUPP investors get to see a return?
Posted at 06/4/2023 09:12 by scrapheap
Found 8 million for this Indian investment. I think 8 million buy back might have been more helpful to the share price.
Posted at 23/9/2022 07:38 by spectoacc
The Times:

"Anyone buying SUPP shares for most of the period since April 26 arguably paid more than they needed to. That includes SUPP itself, which over the summer bought 2.1 million of its own shares for cancellation as part of a standard discount-narrowing exercise at a cost of £430,000 — inflicting further unnecessary costs on shareholders."


Good point. And:


"Schroders took £3.02 million in fees from SUPP last year; Link received £80,000."


SUPP share price down 45% over the year, but don't worry about Schroders.
Posted at 10/11/2021 12:30 by chucko1
Yes, so this is the NAV now incorporating the rise in ONT (it had already reflected the AUTL rise) although the ONT rise was known prior to the NAV publication - and yet the SUPP share price is, or has been, under the cosh.

It is clear from the trading patterns that there is a large and committed seller, using the rise in NAV to accelerate the sales, rather than finessing the price obtained. That is how it appears to me, at any rate, even though the statistical evidence is not yet strong (for the second claim).
Posted at 09/11/2021 10:38 by chucko1
With the 25% rise in AUTL and the rise today in the share price of ONT, the NAV on SUPP has risen by 1.7p in aggregate. And yet no movement at all in the SUPP share price

This is a good thing as no one is bothered any more and value in this trust is there for all to buy relatively cheaply - especially considering the far lower degree of risk.

I find it bewildering (or not) that the many supporters of this trust remain silent on what is possibly the best risk-reward available since its inception. But this is why I love medium-sized asset backed trusts - at some point, stupidity and fear (blended and aged) provides an irresistible pleasure.
Schroder Uk Public Private share price data is direct from the London Stock Exchange

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