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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Henderson Pr | HPEQ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 356.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 356.50 |
| Top Posts |
|---|
Posted at 11/2/2013 15:33 by skyship Fang - You're right of course. It also tends to be stuffed with a load of wafflers rather than genuine investors and traders. Still, as ever, there are a few guys there who know what they're about, especially the ones that recommend my posts!!! |
Posted at 20/9/2012 13:06 by praipus Thanks SpectoAcc sorry to clog the board with my moaning. Something else good came out of this though and thats talking to they say their mission is: "to represent the interests of private investors" With one conversation they were able to explain the process the broker goes through in the background and possible outcomes in these situations which helped a lot. They also suggested the next step if things wern't sorted also very useful and in an unexpected direction. I understand they have a free news letter promoting activist share activities and a more detailed one for paying subscribers. |
Posted at 23/6/2012 20:00 by jaws6 AlanjiTks for figures. That means if notemachine goes for more then 21 milion we get 21 % plus extra. This all link for more info Realisation Strategy video Ian Barrass, Fund Manager of Henderson Private Equity Investment Trust plc, updates investors on the realisation programme of the Company and the time scale for completion. HPEQ 2 Q and A |
Posted at 22/6/2012 14:10 by skyship Many of us have found secure and profitable refuge in the Private Equity sector over recent months; and many have provided valuable contributions by posting on the PE thread:Private Equity Trusts: HPEQ, as per last year, continues as the firm favourite for many of us; and recent news suggests we may well see another 20% as the trust liquidates over the course of the next year, with most cash to be paid out in H2'12. As I posted earlier or elsewhere, I've banked the profit on LMS, bought again into a few PIN which have backed off from recent peaks; and have now alighted on another trust which seems to offer potential: Northern Investors ("NRI") Portfolio of wholly UK investments stock available @ 235.4p........... NRI is another PE minnow in voluntary liquidation; ie another HPEQ in the making, though not offering quite the same dramatic returns. Still, a 16%pa GRY over a 4yr period certainly seems an attractive proposition. As usual all the information for research is in the ADVFN News items; especially the 16th May Annual Report. Pay particular attention to the comments in the Chairman's Statement, including: Annual Results to 3/03/2012 CHAIRMAN'S STATEMENT: Following our most recent portfolio review with the investment manager, we consider that the overview given in the tender offer circular dated 7 November 2011 remains valid, namely that: an amount equivalent to between 60% and 80% of the September 2011 net assets of the Company ( GBP59.6 million) could be distributed in cash to shareholders by 31 March 2015; the realisation exercise could be fully completed within a further one to two years from that date; and the ultimate cash proceeds to shareholders could be in the range from 120% to 160% of the September 2011 net assets - ie a value uplift in absolute terms of between GBP16 million and GBP40 million. However it is important that shareholders appreciate that these estimates are subject to a number of uncertainties and should not be relied upon. ==================== My extract of the relevants stats is as follows: Calcs: 59.6 + 20% = 71.52 12.80 = 58.72 / 15.128m = 388p 59.6 + 30% = 77.48 - 12.80 = 64.68 / 15.128m = 428p 59.6 + 33% = 79.27 - 12.80 = 66.47 / 15.128m = 439p 59.6 + 40% = 83.44 - 12.80 = 70.64 / 15.128m = 467p 59.6 + 50% = 89.40 - 12.80 = 76.60 / 15.128m = 506p 59.6 + 60% = 95.36 - 12.80 = 82.56 / 15.128m = 546p (NB: the 12.80m figure is the cost of the Q4'11 Tender Offer) Bearing in mind the later comment on Prospects (see below), I have assumed a 33% gain for a 439p liquidation value over 4years, this results in a 16.8% GRY, though that figure needs to be increased to encompass dividends over the period. I strongly advise PE bulls to take a look, verify my figures; and test the Market. Don't be put off by the 245p Offer price; they are actually on offer @ 235.4p: ==================== Prospects Following the recent news of a further technical recession in the UK, it is appropriate to sound a note of caution when considering the outlook for the next twelve months and beyond particularly for small, private companies which typically make up most of the portfolio. Nevertheless we are encouraged by the progress being made by the majority of our portfolio companies and we believe that a carefully managed realisation programme has the potential to generate strong cash returns to shareholders phased over the next three to four years. ==================== |
Posted at 13/6/2012 11:07 by alanji And there it is:The Company announces that August Equity LLP has completed the sale of Lifeways Community Care Limited (`Lifeways'), an investment held in August Equity Partners I. As a result, as a founding investor in August Equity Partners I, the Company will receive circa GBP9.5 million in cash proceeds which includes the Company's share of carried interest. These cash proceeds are expected to be received over the next few days and will result in an uplift of approximately GBP1.7 million against the Company's most recently reported (31 May 2012) net asset value. revised nav is 419.4 |
Posted at 21/7/2011 09:38 by davebowler Liberum-Henderson Private Equity (HPEQ / NR) Sale of Lyceum Capital Fund IIA fund interest. HPEQ has entered into an agreement with a third party to sell its interest in Lyceum Capital Fund IIA for £2.8m, following a competitive sale process. The fund interest was being held at £2.8m as at 31/03/11. It is expected that the transaction will close on or about 03/08/11. Liberum View: HPEQ is currently in the process of actively realising its assets and this sale is a continuation of this process. We think it is positive that sales are coming in around HPEQ's carrying values for the assets, although we would expect the holdings are being carried at discounts to GP valuations. Nonetheless the 18% discount to NAV may attract investors, considering HPEQ will be returning cash to shareholders as the wind-up process moves along, and the NAV is being validated by realisations. Earlier this month HPEQ exit from its only direct private equity position in The Logic Group for total net cash consideration of £4.56m compared with carrying value of £2.5m. Last month HPEQ sold its interest in Rutland Fund II for £3.3m, compared with a £3.6m carrying value. There is still further work to do as HPEQ continues with realisations. We estimate HPEQ now has c. 15% of NAV in cash having moved from a geared position prior to these sales. |
Posted at 19/7/2011 10:16 by praipus Active investor/arbitrager QVT seem to think so too buying more with CFD's. See todays RNS.To track the rest of QVT's holdings see: |
Posted at 07/3/2011 16:05 by spectoacc Fantastic, and in line with my recent far-more-bullish assumptions. (@zangdook - suspect they'll keep the cash from the next few disposals to cover any possible commitments, but beyond that, it's payout-city.) :) "Henderson Private Equity Investment Trust plc Following a highly competitive sale process, Henderson Private Equity Investment Trust plc ("the Company") is pleased to announce that it has completed transfers of its entire limited partnership commitment to August Equity Partners II A ("AEP II A") to several new investors. Cash proceeds from the transfers totalled GBP16.8 million, representing 99.7% of AEP II A's net asset value, as calculated by August Equity LLP, the manager of AEP II A, at 30 September 2010. The new investors will also assume the Company's undrawn commitment to AEP II A of GBP12.0 million. This transaction represents an important and successful first step in the Company's asset realisation strategy, which was approved by shareholders last September. The Company will use the cash proceeds primarily to repay its current outstanding bank borrowings of GBP16.0 million. The Company is currently progressing other asset disposals." |
Posted at 06/1/2011 14:28 by envirovision =DJ Private Equity Fundraising At Record Lows On Lack Of M&A DealsBy Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Private equity firms hit rock bottom in terms of fundraising in 2010 as investors saw dismal returns following a period of limited M&A activity, according to research released Thursday by Prequin. A total of 484 private equity funds achieved a final close in 2010, raising just $225 billion, which is the lowest aggregate amount for six years--and funds that did close during the year took an average 20.4 months, up from just 9.6 months in 2004, said the London-based research firm. "Fundraising in 2010 turned out to be just as challenging as many feared. Although there are many individual success stories, on an overall basis fundraising levels were extremely low," said Preqin's Tim Friedman. Blackstone Group (BX) managed to close the largest fund during the year--a $13.5 billion to $14 billion buyout fund--but like many other funds the vehicle closed below its original target, in this case $20 billion. Other significant vehicles to close in 2010 include Real Estate Turnaround Consortium, a real estate fund which closed on $5.6 billion, and Stone Point Capital's Trident Fund V, which raised $3.5 billion at final close in December. Investors are wary of increasing allocations after finding themselves cash-strapped and over-committed following the financial crisis and economic downturn. They are also receiving little in the way of distributions to re-invest into new funds because of a lack of sales by private equity owners. Funds focussed on European investments were the hardest hit with 122 European-focused funds raising an aggregate $50.2 billion, compared with $134.6 billion being raised by 242 North America-focussed funds, said Preqin. However prospects for 2011 look better, said Preqin, which estimates $300 billion to be raised--although investors will remain more selective about who they invest with. |
Posted at 18/11/2010 13:25 by spectoacc IMS out - nothing yet to report it seems:"HENDERSON GLOBAL INVESTORS HENDERSON PRIVATE EQUITY INVESTMENT TRUST PLC Unaudited Interim Management Statement Review of the period from 1 July 2010 to 31 October 2010 Henderson Private Equity Investment Trust plc ("the Company") presents its interim management statement for the period 1 July 2010 to 31 October 2010 in accordance with rule 4.3 of the UK Listing Authority's Disclosure and Transparency Rules. Investment Objective The objective of the Company is to produce capital gains through a diversified portfolio of private equity investments. The main focus of the portfolio is mid-market buy-out funds in the UK and Europe. On 27 September 2010 the Company's shareholders voted in favour of the cessation of new private equity investment activity by the Company and for the orderly realisation of the Company's existing assets. For the avoidance of doubt, the Company's existing unlisted private equity fund investments will, however, continue to invest in new transactions and to dispose of their underlying portfolio investments until they are either sold or run-off as part of the Company's orderly asset realisation programme. Performance The Company's unaudited net asset value per ordinary share ("NAV") at 31 October 2010 was 310.0p, a decline of 0.7% compared with NAV of 312.3p at 30 June 2010. The Company's share price, however, increased during the period by 66.2% from 131.5p to 218.5p. As a result, the Company's share price discount to NAV reduced from 57.9% at 30 June 2010 to 29.5% at 31 October 2010, the latter being much more in line with the Company's listed peer group. Existing Investments - Transaction Activity New transaction activity in the UK and European mid-market buy-out sector remained relatively subdued during the period. Despite this, four new transactions were completed by the Company's existing private equity fund investments with a combined value of GBP2.6 million. In addition GBP1.1 million of follow-on investments were made into existing portfolio companies. There was an increase in distributions from existing private equity fund investments during the period compared with the first half of the year. These totalled GBP2.5 million. A further GBP0.2 million of cash was received from the Company's existing direct and listed investments. The Company itself made no new listed or unlisted private equity investments during the period. As stated above, given the change of investment strategy announced on 27 September 2010, all new listed or unlisted private equity fund investment activity by the Company has now ceased. Realisation Programme The Portfolio Manager has begun the process of identifying opportunities to dispose of the Company's assets on an individual basis. Shareholders will be kept informed of progress as material disposals occur. Issued Share Capital Excluding treasury shares, the Company had 18,850,212 ordinary shares in issue at 31 October 2010 (30 June 2010: 18,850,212) Material Events and Transactions There were no material transactions during the period 1 July 2010 to 31 October 2010, other than those disclosed above. " |
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