Ct Private Equity Share Discussion Threads

[growthpotential] 09/5/2024 01:17

Which underlying investment is "San Siro" ?

[rambutan2] 10/4/2024 04:45

Results presentation and Q&A. As expected, all looking good.

[lynton3] 03/4/2024 22:50

Today's results moved things up today!

[rambutan2] 19/3/2024 23:10

I added a few today as too cheap at 420p on 6.5% yield. This can be pretty illiquid so dips like the current one are the time to buy as they tend not to last that long. Of all the PEITs this one holds buyouts at the smaller end of the mkt, so something a bit different and where cheap valuations are aplenty in the UK and Europe at the moment. Prelims were out on the 28th last year.

[sharesoc] 03/12/2023 16:05

Join us on 20th Dec at 6:15pm for a SIGnet after-meeting on CT Private Equity (CTPE), hosted by Head of SIGnet Bill Fawkner-Corbett. This Zoom session, following CTPE's Interim Results presentation with IMC, offers a structured platform for members to engage in discussions about the company's performance and strategies. Register here:

[vacendak] 14/10/2023 10:49

Getting concerning. It is a "fund of funds" after all.

Oh well, that being said, I will probably top up at the end of the month.

[cousinit] 12/10/2023 11:46

I tend to concur Cerrito. A number of trusts which are seen as higher quality had held up OK but have seen in the last week or so that they have been dragged down to wider discounts. Still not as wide as others, but softening in sympathy.

In PE, I wonder if the PIN tender has sucked in some tourists looking for a quick turn and leaving other trusts even more friendless than 'usual'?

[cerrito] 12/10/2023 09:16

I held first the zeros then the ordinaries from 2010 to a couple of years back when I sold out.
I have been monitoring to see if I should get back in but have never understood why the price has been so high.
This fall to me suggests a reflection of the current reality and I am not buying back in yet however much I respect the Manager.

[edward3] 12/10/2023 08:50

What is happening here looks like it has fell off a cliff

[vacendak] 03/9/2023 09:55

It is now "expensive" on a Z-score basis according to Citywire.

[vacendak] 01/9/2023 10:56

True, I read that yesterday and thought it might bring in a rally.
Well, nice reaction, not going to complain. :)

[cerrito] 31/8/2023 23:06

Not sure if it was a coincidence that the share price had a good day given today's Questor article which was positive but well balanced.

[qvg] 27/5/2023 10:57

me too, vacendak

[vacendak] 02/5/2023 17:11

I now hold this on a forever basis, currently building up a slice of NBPE, also on a silly discount.

[rambutan2] 02/5/2023 16:07

Had a well deserved run up since the release of the finals, sucking in some of that stupidly big discount.

Here is the results presentation:

[edward3] 03/3/2023 15:52

Nice 5% rise ..

[rambutan2] 17/1/2023 15:27

Final reminder:

CT Private Equity Trust PLC is pleased to announce that Hamish Mair, Fund Manager will provide a live presentation on "Positioning and Expectations for Private Equity" via the Investor Meet Company platform on 18 January 2023 at 2:30pm GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet CT PRIVATE EQUITY TRUST PLC via:



Investors who already follow CT Private Equity Trust PLC on the Investor Meet Company platform will automatically be invited.

[edward3] 04/1/2023 08:37

Very quiet on here everyone looking forward to the investor meet on the 18th ..

[rambutan2] 30/11/2022 02:39

From last fri:

Quarterly results for the three months ended 30 September 2022 (unaudited)

-- Net asset value of 711.75p per Ordinary Share reflecting a total return for the three months of 9.3 per cent for the Ordinary Shares

-- Quarterly dividend of 6.62p per Ordinary Share to be paid on 31 January 2023
-- Dividend yield of 6.3 per cent based on the period end share price of 390p.
-- As at 30 September 2022 net debt was GBP23.7 million equivalent to a gearing level of 4.4%.

[rambutan2] 14/11/2022 15:15

A heavenly investment:

CT Private Equity Trust Plc ("the Company") announces that on 10 November 2022 it sold a portion of its investment in the Italian funeral services business of San Siro and related entities ("HOFI S.p.A.").

The Company initially invested in San Siro in January 2019 in a deal led by Augens Capital. This investment has generated a return of 8.8x cost and 87% IRR for the Company as of 10 November 2022.

As at 30 June 2022 the Company's investment in San Siro was valued at EUR13.2 million (GBP11.4 million). The total value of the transaction for the Company is EUR39.5 million (GBP34.4 million*) representing an uplift of GBP23.1 million* or 4.8% of the Company's 30 June 2022 Net Asset Value. This amount includes approximately EUR2.8 million of contingent consideration.

EUR10.0 million (approximately 25% of the total proceeds) will be re-invested into a new investment in HOFI S.p.A. alongside the existing manager, Augens Capital and the new investor for a further term.

It is anticipated that the Company will publish its 3rd Quarter results on 25 November 2022.

[rambutan2] 07/9/2022 21:45

A confident Q2 update webinar:

[rambutan2] 27/8/2022 04:36

Interims out. Few worries. Yet.

NAV of 656.75p per Ordinary Share as at 30 June 2022 reflecting a total return for the six-month period of 4.3%.

-- Total quarterly dividends of 12.36p per Ordinary Share year to date.
-- Quarterly dividend of 6.05p paid on 29 July 2022
-- Quarterly dividend of 6.31p to be paid on 31 October 2022
-- Dividend yield of 5.3% based on the period end share price (1).
-- 1,096,491 shares bought back during the period at an average discount of 28% to NAV.
-- As at 30 June 2022 net debt was GBP14.6 million equivalent to a gearing level of 3.0%.

As is usual there is a time lag with valuations. Approximately 77% of the valuation is based on March 2022 valuations. The remainder is valued at June 2022 valuations.

[nexusltd] 10/8/2022 12:43

VIP reduced holding to 2.8% from 3.5%.
It has started buybacks, a substantial GBP742K; 850K shares @ 87.276p

Edit: *chuckles* I seem to have a habit of mistyping the TIDM. Apologies for the two miss-posts !

[nexusltd] 19/7/2022 18:30

If no merger or takeover how about the alternative of a wind down like Circle?

[vacendak] 19/7/2022 17:44

MSN is also slow in updating to CTPE.

My STOCKHISTORY() function in my Excel/Power BI set-up seems stuck on BPET. The data is still good though.