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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| F&C Private Equity Trust | FPEO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 336.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 336.00 | 336.00 |
| Top Posts |
|---|
Posted at 01/5/2018 14:03 by rambutan2 Agree that iii's premium is too high, but it's the only PE fund liquid enough for the big funds to hold, and also it's self managed and earns fees from external investors in its funds. In comparison, FPEO has two layers of management fees and two layers of performance fees. |
Posted at 25/8/2017 10:33 by vacendak @RCRemember, when things go well, it is all down to good choices by the manager. When things go less well, even compared to peers, the manager would be quick to remind us that "Investing in PE is for the longer term. Investor wary about quarterly returns should look elsewhere". :) I see FPEO as less volatile than the rest, being a fund-of-funds, so am not too concerned. Like others I got used to the very good returns over the last year, so keeping that in perspective, 3.5% over six months should not be sniffed at, even if others do better. I still wish I had more skin in FPEO, but I have redirected my investment stream towards more boring defensive stocks. I am not officially turning into a bear, just hedging a bit. The sector as a whole seems to attract more money that it can handle. The FT has at least one article a week on that subject. I am ambivalent about egging them on to spend those £8.3 mils on more adventurous stuff than usual or still sitting on it. |
Posted at 25/8/2017 09:00 by vacendak Well, I was complaining about the lack of updates and we are getting a HY report today.Reading quickly through it (I shall try to spend more time on it later): This is for end of June, so the recent drop in share price is not explained (it went down then back up before June 30th). They are "listening to their shareholders" - aren't they all? - and since we seem to like getting dividends from Private Equity, they are proposing to move to a quarterly dividend distribution; with the first quarterly ex-div date being end of March 2018. I have to say that they are disciplined. I mean being able to promise a yield (4% at the moment) based on the NAV is bold. The FPEO dividend puts them in the ball-park of income focused Investment Trusts, in fact beating some. Weird world to live in for sure when income comes not from bonds but EM and PE stocks. These used to be radioactive to moderate risk taking investors such as humble me. Geographic spread: A slight increase towards the US is mentioned. Dry powder: Cash in the bank still high: £8.3 mils and the £70 mil borrowing facility remains untouched. The discount has fallen to 3.9% down from a more standard 15.8% at December 31st. Again this is as of June 30th, so it might have widened a bit now. Good read so far, but again quick parsing, so there could be some nasties buried in the accounts. |
Posted at 24/11/2016 07:27 by spectoacc Indeed; quite liked this comment:"Our investment partners, who are found in every corner of the Continent and further afield, spend much of their energy in the search for such attractive opportunities, usually building deep local networks with company owners, advisers and investors. They also develop or acquire the specific skills and knowledge to implement value creative change in the companies in which they invest. In every case our investments are arranged such that the interests of our investment partners, those of company management and of our shareholders are directly and closely aligned. The combination of deliberative, informed selection followed by highly-motivated, involved, value-creative change is what distinguishes private equity from other forms of investment management and provides the basis of strong long term returns. From here we expect further growth in shareholder value in the remainder of the year. " |
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