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Graphite Ent Share Discussion Threads
Showing 401 to 425 of 425 messages
|New thread after name/epic change...
|Anyone any views as to whether have Intermediate Capital Group as the manager is going to make any difference to performance? Name change on Monday. Recent share price performance has been awful.|
|Trading update this morning. Nothing much in the 3 months but YTD performance is fine.|
|This share price has perked up with an interim dividend and share buybacks. The problem is that they are awash with cash - still c15% discount to NAV, but that is histroically low and probably reflects the amount of cash - extract that and the discount is closer to 19%.|
|18BT - I see I was wrong in stating no yield here. Actually paying an unchanged 15.5p total for a 2.7% yield.
However NAV performance disappointing; and to opt for buybacks is a lamentable decision. I have nothing against buybacks per se for asset-backed cos such as PE Trusts and propcos; however they should only be used when the discount has risen to levels well above peers. In the case of GPE the discount is still below that of peers!
They are being done to satisfy an institutional seller, so GPE funds are being wasted to help out a single shareholder. The funds would be better distributed to ALL shareholders through an increased dividend.
GPE remains a SELL in my book. Far better to buy into BPM ahead of the early June Prelims; and the rumoured sale of a large portfolio holding. An increase in the 205p NAV looks assured, so the current 28.8% discount at the 146p offer price suggests the stock is mis-priced...|
|Some share buy backs launched in addition to prelims - need to analyse this one.|
|I'll wait for Prelims, but I'm beginning to think that the only value they add is access to the big funds rather than selection and the own funds element is unexciting.|
|I personally feel that money is wasted in GPE - no yield and only a 15.4% NAV discount - well below peers.
You may want to wait for the Prelims next week (25th March); however in the meantime in the PE sector perhaps check out BPM for a 33% discount & JPEL for a 26% discount.
A look at most of the charts on the PE thread shows that comparatively speaking GPE has been dead money!
|Of all the PE houses, Graphite appear to have been very quiet - no deals since November. Nothing on GPE since IMS in October.|
|Yes, doing well. Happy to hold.|
|Yep good rns, NAV now at 681p.|
|Good rns .plus talk of another special divi in there too|
|I see we have sold London Square for £10m adding 4.6p to the NAV.|
|AGM says special divi been approved yesterday.|
|Yes, this is a mightily impressive disposal. This must have been sold for nearly double its year end valuation. It was 2% of the portfolio or c£8.7m and sold for £15m a few weeks later. Wow! Hope the other investments are valued that prudently. This company has taken a lot of moaning from shareholders, but it's NAV performance is extremely good. Share price performance has not always been great, but it's porfolio has always delivered. They deserve more credit where it is due, in my opinion.|
|Good RNS out yesterday, Sold Education Personnel for £15m which added 9.5p to the NAV.
Hopefully we will see a lot more selling of assets this year which will go towards another special dividend next year.
"In order to maintain investment trust status the company can retain no more than 15% of its total income", this is what has lead to this years special dividend.|
|oh well, was hoping for tender but special divi will do.|
NAV 677p. Dividend 7.5p.
Finally a special dividend of 8p.|
|Ok thanks, i will have a look and see if i can find one.|
Seen good note on back of ICR news yesterday.sorry can post here as no link,will post if I get link.|
Good to see we are still rising in a falling market.|
|RNS on new investment in ICR|
gone above 611 today so new high again|
You could be right, I noticed the strong rise in the share price against other PE trusts so I started to go through all the large holdings looking for a reason.
The rise does seem a bit strong if it was just down to one holding so as you and rambutan2 have said it is probably down to a combination of reasons.
Looking forward to the results on the 27th.|
May be as I said in post 132 may be tender coming too with result ?
thanks for info in post 138 .|