Aberdeen Prv Share Discussion Threads

[papy02] 25/3/2021 10:23

Just spoke to the Liquidator about the interim distribution they are planning to pay in April. (I received the letter about this dated 16th March. They require certified Proof of Identity and Proof of Address, by 31 Mar, scan by email accepted initially but hardcopy should follow by post).

The distribution is unlikely to be less than 10 US cents per share. That’s more than I was expecting :-)

There will probably be a final distribution in future but much smaller - just returning any contingency amounts not used.

[topvest] 25/4/2018 20:58

Thanks - that's what I thought.

[puffintickler] 09/4/2018 10:48

6th April I reckon.


The RNS says:

Redemption Record Date for First Expected Compulsory Redemption 5 April 2018

Redemption Date for First Expected Compulsory Redemption 6 April 2018


I believe the record date is not relevant so the redemption falls on the 6th April so tax will be in the 2018/9 year. This date was originally going to be 3rd April, I guess it was delayed so as to allow investors time to do their CG tax planning.

[topvest] 07/4/2018 10:34

Any views on the tax date...think its 6 April?

[langbarb] 07/4/2018 06:00

I still hold and looking in my iii account the share price is marked at 14.50p with the number of shares unchanged. 14.50p seems to be the price on other platforms/financial websites as well now. So 276/2+14.50=150.5, a little higher than NAV. unless 14.50p applies to half the original holdings. In this case total is 143.25, very close to NAV.

[topvest] 06/4/2018 21:10

Think we are getting the equivalent of £1.36 now with a little more to follow, but I may be wrong. Think the redemption date is now 6 April and so all of the capital gain goes into next year? Does anyone else have a view on this please.

[skyship] 06/4/2018 18:52

All rather puzzling. 50% of 272p would be c. the possible NAV/redemption price of 136p. Sorry, don't understand it at all, so don't know whether the cheap offer at c118p earlier was a deal or not!#~?

PS: I no longer have a position in APEF

[puffintickler] 06/4/2018 15:58

I have not go a clue what is going on here.

Price down from 137 to 117 presumably due to the partial redemption.

Message from my broker:

Redemption amount: 50.0611% of shares at GBP2.72 per share
Redemption date: 6th April 2018

Aberdeen Private Equity Fund Ltd has announced the compulsory redemption of approximately 50.0611% of the remaining shares in issue, at a price of GBP2.72 per redeemed share.

The redemption date is 6th April 2018 and accounts are expected to be credited around 17th April 2018.

Does that mean we get paid £2.72 per share, with more to come? I can't believe that; though I would like to as it is 70%+ more than the share price was.

[budsman] 06/2/2018 10:40

With ongoing volatility, decided that cash now was sensible insurance.

GLA

Bud

[skyship] 02/2/2018 16:46

If the Market continues to shake out then sure good to have some dry powder as value opportunities arise...

Also APEF has c60% in $investments; so that has to have a bearing; positive or otherwise.

[budsman] 02/2/2018 10:41

Sell now or await the Compulsory Redemption? Tempted to leave the party now. Do others have differing views?

Bud

[rambutan2] 15/9/2017 14:58

Agm votes, BTEM having a shake:

[skyship] 23/6/2017 20:32

Well, SVI was taken out at a premium, so we could be looking for 150p here.

[elmfield] 23/6/2017 19:11

.
This has been a good hold, not sure for how much longer though?

[skyship] 23/6/2017 10:16

So, Holdings statements show that from trades on 20th & 21st June, BTEM has taken its stake from 15.7m (14.4%) to 27.5m (25.2%).

Happy to run profits & have finally bought a few BTEM, which in spite of its stirling performance are still at a c10% NAV discount - possibly higher with the advances here and in their Hudson's Bay holding.

[skyship] 21/6/2017 18:27

Seems as though BTEM has played a blinder. Me less so. Had an offer for a 10k top-up @ 123.625p in my sights.....but didn't take it. DOH!

Still, happily hold a good chunk; and amazed to see them through 130p today. Surely must be that SLPE are going to gobble them up.

[skyship] 14/6/2017 11:29

Spot on - those trades weren't there last time I looked!

Will look for a cheap offer top-up intraday. If 123p is good for BTEM it has to be right for me!

[rambutan2] 14/6/2017 11:21

Hi Sky, i've no doubt it's some combination of the 5 last trades appearing on advfn trades on the 12th.

[skyship] 14/6/2017 08:59

Yes, but no 703k trade reported.....at least not on ADVFN

[rcturner2] 14/6/2017 08:57

I think he is looking at the trades data which seems to point to 123p.

[skyship] 14/6/2017 08:44

Hi RAM - yes, saw that welcome declaration; but was unable to get any reference to the 123p you state. Is that so; and could you say where you found the price?

[rambutan2] 13/6/2017 13:01

BTEM buys another 700k at 123p to take it to 14.38%.

[skyship] 28/5/2017 08:30

free stock charts from uk.advfn.com

[rambutan2] 27/4/2017 01:25

Yes, Ironsides, so can't see this making it past the Agm vote without some company altering/ending changes. As it happens, Ironsides recently popped up on the share register of BTEM! Now, if i was a believer in conspiracy theories...

[skyship] 26/4/2017 18:26

Well, there you go then - that 4.7m also went to BTEM; and the missing 10m went to US Hedge Fund operator Ironsides - you would never wish to bet against those two!