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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Equity Part.Inc | EQPI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 99.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 99.00 |
| Top Posts |
|---|
Posted at 14/7/2011 19:13 by papy02 the dividend confirmed, and paid before 31 July:a fourth dividend of 3.2688 pence per income share for the year ended 31 July 2011 will be payable to all eligible income shareholders at record date 22 July 2011. The ex dividend date is 20 July 2011 and the dividend will be paid on 29 July 2011. |
Posted at 12/7/2011 15:31 by papy02 Thanks Stemis, and also for flagging EQPI last year :-)Yes I'd seen those positive comments. I'm just wondering when the cash will hit our bank accounts, given the EGM to finalise the payout has yet to be announced. |
Posted at 12/7/2011 10:28 by stemis According to the notice of EGMAt the 2008 AGM of the Company, a resolution that the Company should not continue as an investment company beyond 31 July 2011 was approved by the Capital Shareholders...... Following that approval, the Board stated that its priority was to ensure that the senior ranking Zero Dividend Preference Shares and Income Shares had their final entitlements, which are due on 31 July 2011..... Based on the value of the Company's net assets as at 24 June 2011, the Board estimates that the final entitlements of the Income Shares and the Zero Preference Dividend Shares will be covered by cash at 31 July 2011..... According to the net asset value announcements; NAV of capital shares at 23 June was 37.83p and on 6 July 36.89p so no real change to the last statement. Looks good for full cash on 31 July IMO |
Posted at 12/7/2011 10:04 by papy02 Hopefully we will hear soon re the EGM re Income share entitlements - I'd been assuming we woud get both the 100p capital repayment and last 3.2688 dividend within a week of July 31, but they seem to be running close to the wire.Views anyone? From the July 1 RNS The Company and EPIC Securities intend to publish separate circulars shortly convening further extraordinary general meetings, to propose resolutions to appoint liquidators and to provide details of proposals for those companies' liquidations, including the proposed entitlements of the Capital Shares, Income Shares and Zero Dividend Preference Shares. The Board is unable at this time to estimate the entitlements of the Capital Shares, Income Shares and Zero Dividend Preference Shares in those intended liquidations. The Company and EPIC Securities will be placed into liquidation, and trading in shares of each will cease, on the passing of any winding-up resolutions. |
Posted at 10/9/2006 01:37 by rambutan2 from brits recent interims - confirm that eip stake up for sale and talks ongoing...PERFORMANCE: INVESTMENTS REVIEW The Group's total investment return for the half year was #37.0m (30 June 2005: #61.2m). Total invested assets were approximately constant at #2,382.5m (31 December 2005 #2,373.7m). Positive cash flow from new business was balanced by claims payments in respect of the hurricanes of 2004 and 2005, the final 2005 dividend payment and the partial redemption of the Unsecured Loan Stock. As previously, some 90% of our investment portfolio remains in a mixture of cash and short duration, high quality fixed income securities. Both Sterling and US dollar interest rates rose some 70 basis points in the half year. If it continues, this trend augurs well for future levels of investment return, but it has a short term effect of a mark-to-market unrealised loss on the current bond portfolio. In the half year we recorded unrealised losses on the bond portfolio of #12.8m. 83% of the Group's investments are managed by subsidiaries of Equity Investment Partners ("EIP"), in which the Group owns a 41% stake. Discussions continue with a number of parties with a view to the potential sale of this stake. While investment returns remain central to the Group's profitability, we have decided that the Group does not need to own its investment manager and is not deriving value in its share price from doing so; and that EIP's own future growth may be faster under new ownership. As can be seen from the following tables having outperformed the benchmarks for our asset classes in 2005, we have performed largely in line with the benchmarks in the first half of 2006, given our asset mix and the duration of our bond portfolio. Asset Allocation 30.06.06 30.06.05 31.12.05 #m #m #m Equities 199.6 205.1 219.0 Bonds 1,741.0 1,482.1 1,626.6 Cash and deposits 440.3 339.9 526.6 Derivatives and assets held for sale 1.6 0.0 1.5 -------- -------- -------- Total 2,382.5 2,027.1 2,373.7 -------- -------- -------- Bonds, cash and deposits currency mix 30.06.06 30.06.05 31.12.05 % % % Sterling 59.5 71.8 62.9 US Dollar 29.5 22.1 28.2 Euro 7.2 4.4 6.1 Other 3.8 1.7 2.8 -------- -------- -------- Total 100.0 100.0 100.0 -------- -------- -------- Sterling fixed income performance 6m ended 6m ended 12m ended (Absolute return for period) 30.06.06 30.06.05 31.12.05 % % % Group's Sterling fixed income performance 1.33 3.31 5.36 1 month sterling LIBID 2.24 2.37 4.72 1 year gilts 1.83 2.17 4.57 5 year gilts 0.65 3.34 4.98 US dollar fixed income performance 6m ended 6m ended 12m ended 30.06.06 30.06.05 31.12.05 % % % Group's US dollar fixed income performance 1.18 1.02 1.87 1 month dollar LIBID 2.31 1.31 3.18 0-1 year US Treasury Note Index 1.60 1.06 2.84 1-3 year US Treasury Bond Index 1.04 0.97 1.67 Equity returns 6m ended 6m ended 12m ended 30.06.06 30.06.05 31.12.05 % % % The Group's equities 5.65 9.92 27.10 FT All Share Index 5.77 8.14 20.91 FTSE 100 5.42 8.46 19.63 Bond portfolio duration 30.06.06 30.06.05 31.12.05 Yrs Yrs Yrs Sterling 1.93 1.85 1.57 US Dollar 1.73 1.97 1.40 Euro 1.67 1.65 1.40 CAD 1.35 1.40 1.48 Bond portfolio credit ratings 30.06.06 30.06.05 31.12.05 % % % Government 42.0 58.0 49.0 AAA 16.0 15.0 14.0 AA 28.0 18.0 26.0 A 14.0 9.0 11.0 Total 100.0 100.0 100.0 Notes: 9 Investments in associated undertakings 30 June 30 June 31 December 2006 2005 2005 #'000 #'000 #'000 -------------------- EPIC Investment Partners Limited - 1,301 - Ebix Inc 10,258 - - -------------------- 10,258 1,301 - -------------------- |
Posted at 09/3/2006 10:31 by rambutan2 interesting, and zeros would be a better option as long as can keep rate low. will give them a call...09 March 2006 Re: proposed issue of zero dividend preference shares and restructuring of management arrangements The Board of Directors of The Equity Partnership Investment Company PLC ('Company') announces that it is considering proposals whereby the Company's existing bank borrowings would be replaced by an issue of up to £20 million of zero dividend preference shares and the management arrangements for the Company's portfolio would be restructured so as to reflect the Company's exposure to private equity investments and provide incentives for the private equity management team more in line with market practice. Any such proposals will be subject to approval by capital shareholders. A shareholder circular is expected to be published within the next four weeks and at that time a further announcement will be made. |
Posted at 14/2/2006 17:00 by ursus on 1/2/06, brit issued a trading statement to say that profits wd be ahead of market expectations because in part of a strong investment perf. so this has implications for eqpi/c that don't need to be spelt out for clever chaps like rambo... |
Posted at 01/3/2005 22:33 by rambutan2 and a comment on the results. note the 4th para...Brit Insurance Holdings dubbed 2004 'the year of the cat' in terms of natural catastrophes, but despite heavy insurance claims, the company emerged in 'very rude health' according to chief executive Neil Eckert. Profits before tax were 32.1% higher at £102.5 million against £77.6 million in 2003, well above the market consensus of £89 million. The company (BRE) wrote gross premiums worth £1.09 billion against less than £1.02 billion the year before; net premiums were £910.4 million, up from £850.8 million. Returns from investments, over 86% of them managed by Brit's associate company Equity Partnership, rose from £50.9 million in 2003 to £77.3 million, much better than analysts expected. A final dividend of 2p takes the year's total to 6p which represents 80.6% of profits after tax. Brit shares added 0.75p to 86.75p in light trading. (paulypilot@aol.com) |
Posted at 18/3/2004 20:58 by rambutan2 note: chart above is for eqpi and not eqpc, which is what i like. here is the eqpc page... right, heres an opportunity which the mkt hasnt picked up on/refuses to get... in its recent results, brit insurance (bre) re its (growing) investments, makes reference to... Investment management team at associate EPL in which Brit has an economic interest of 47.6% continued to make significant progress. Funds under management increased to £1.4bn The Equity Partnership Limited The Company owns 34.1% of the ordinary share capital of The Equity Partnership Limited ('EPL'). The company's principal activity is that of an investment manager. also... (ii) Directors' interests in transactions Jo Welman is a shareholder in The Equity Partnership Limited ('EPL'). EPL's subsidiaries, EPIC Asset Management Limited and EPIC Special Investments Limited, have entered into certain investment management agreements with the Group and, accordingly, Jo Welman is interested in these contracts. and... (iv) Trading The Equity Partnership Limited, EPIC Asset Management Limited and EPIC Special Investments Limited During the year, the Group traded with The Equity Partnership Limited ('EPL'), an associated undertaking 34.1% owned by Brit Insurance Holdings PLC and with EPIC Asset Management Limited ('EPAM') and EPIC Special Investments Limited ('ESI'), subsidiaries of EPL. Jo Welman, a Non-Executive Director of Brit Insurance Holdings PLC is also a Director of EPL. Brit Insurance Holdings PLC charges EPL £8,500 per annum per EPL employee in respect of operational office costs. EPL, EPAM and ESI also have an agreement with Brit Group Services Limited ('BGS'), a 100% subsidiary of Brit Insurance Holdings PLC, whereby BGS pays certain expenses on behalf of these companies which it then recovers in full. The total of all of these costs amounted to £2,863,222 (2002: £2,032,782), of which £782,267 (2002: £260,634) was outstanding at the balance sheet date. EPL also traded during the year with The Equity Partnership Investment Company PLC ('EPIC'), a company with a 29.9% holding in EPL. Brit Insurance Holdings PLC owns 34.7% of the ordinary share capital of EPIC. EPIC purchased investment management services from EPL amounting to £698,836 (2002: £712,876). As at the balance sheet date the amounts owed in relation to these services amounted to £114,000 (2002: £105,000). and there are plenty more references, but you get the gist. so, The Equity Partnership Investment Company PLC, as referred to above holds a 29% stake in the fund management company (and much much more), but it is trading at a dismal 30% discount to last stated nav. that is an anomoly and is totally not pricing in either the current investments (a nice mix) or the growth of funds (mainly brits but also plenty of other) in the fund management company. yes, at the mo the shares are illiquid (there are two share classes, incs and caps, but it is the caps (eqpc) that are the ones to get) but at some stage they will be rerated and move up very nicely thankyou. at the moment you are buying at the bottom and their is plenty of potential up. their web site: > stock exchange releases: split capital share calculations, nav etc etc... 01/02/06: currently as well as the institutional money under management, there are four open ended EPIC funds - the insurance and general fund; uk equity fund; select opps fund; and the life settlement fund. also, there are three aim listed EPIC companies... epic reconstruction: http://www.uk-wire.c economic lifestyle trust: climate exchange: |
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