Hg Capital Share Discussion Threads

[jaws6] 19/9/2014 12:35

now good above 1060 plus divi.

[seekerofvalue] 09/9/2014 13:33

atholl91, that is a commendable and well rewarded long-term strategy.


HgCapital acquired E-conomic in mid-2013
e-conomic and CE Consulting create a new force in Spanish accounting software 8/09/14
hxxp://hgcapital.com/news/e-conomic-and-ce-consulting-create-new-force-spanish-accounting-software

[atholl91] 21/8/2014 10:07

Yes SOV have held since 2005.

[seekerofvalue] 21/8/2014 09:57

HGT is currently trading at £10.49p, recovering from its recent low of £10.05p on 8/08/14

Today HG Capital have reported a 5.8% increase of NAV to £12.20p
The Board have approved a special dividend of 19 pence per share to be paid on 26 September 2014, reflecting a one-off dividend receipt from Visma.


hxxp://www.hgcapitaltrust.com/news-media/press-releases/2014-interim-results

atholl91, welcome do you hold HGT as a core component in your portfolio?

[atholl91] 09/8/2014 17:24

Ian Armitage CEO of Hg Capital has holding of £16m in trust and one of the best PEQ people in the UK. Hg Should be a cornerstone of every PEQ portfolio.

[seekerofvalue] 11/7/2014 11:01

HgCapital Trust could offer low risk, steady growth and lower volatility going forward. After making a purchase yesterday I have started a new thread to track HGT's performance. HgCapital announced today an investment in Sequel Business Solutions which values the Sequel group at circa £100 million.

New HGT thread


Friday, 11 July 2014
HgCapital announces investment in Sequel Business Solutions
hxxp://www.sequel.com/news/hgcapital-announces-investment-in-sequel-business-solutions

[seekerofvalue] 11/7/2014 10:45

INVESTMENT OBJECTIVE

HgCapital Trust plc, which was established in 1989, is an investment trust listed on the London Stock Exchange (ticker: HGT.L). The Trust’s objective is to provide shareholders with long-term capital appreciation in excess of the FTSE All-Share Total Return Index by investing in unquoted companies. The Trust provides investors with exposure to a diversified portfolio of private equity investments primarily in the UK and Continental Europe.

HGT has a historical share price performance of 7.2% per annum.
16.0% p.a. 10-year compound annual growth rate of the share price vs. 8.8% p.a. from the FTSE All-Share Index, both calculated on a total return basis to 31 December 2013.
hxxp://hgcapitaltrust.com/investor-information/share-price-performance

The HGT share price has under-performed over the past over the 3 years.
Therefore with the Private Equity market currently having a renaissance HGT could improve their recent below par share price performance.
A Continuation vote in 2015 should also encourage the HGT board to seek realisations on certain long standing investments.

KEY FINANCIALS
hxxp://hgcapitaltrust.com/about-us/key-financials

NET ASSET VALUE
NAV per share 1159.5p on 31st May 2014
hxxp://hgcapitaltrust.com/investor-information/net-asset-value

CURRENT INVESTMENTS
hxxp://hgcapital.com/our-portfolio/investments

Top 20 buyout investments as at 31 May 2014:
hxxp://hgcapitaltrust.com/investment-portfolio/mid-market-buyouts

INVESTMENT CASE STUDUES
hxxp://hgcapital.com/our-portfolio/case-studies

PUBLICATIONS
hxxp://hgcapitaltrust.com/investor-information/publications

SUBSTANTIAL SHAREHOLDERS
hxxp://hgcapitaltrust.com/investor-information/substantial-shareholders

Price paid on 10th JULY 2014 £10.40p Yield 2.28%
Discount to NAV of £11.595p is 10%


Friday, 11 July 2014
HgCapital announces investment in Sequel Business Solutions
hxxp://www.sequel.com/news/hgcapital-announces-investment-in-sequel-business-solutions

Thursday, 21 August 2014
HGCapital have reported a 5.8% increase of NAV to £12.20p
The Board have approved a special dividend of 19 pence per share to be paid on 26 September 2014, reflecting a one-off dividend receipt from Visma.
hxxp://www.hgcapitaltrust.com/news-media/press-releases/2014-interim-results

Tuesday, 14 October 2014
HGCapital announces the Recommended Cash Offer for Allocate Software plc.


Monday 15 December 2014
HgCapital, the Manager of HgCapital Trust plc, has agreed the acquisition of A-Plan Insurance ("A-Plan"),a leading UK insurance broker. The terms of the transaction were not disclosed



FLAG COUNTER

[jaws6] 28/4/2014 12:01

Proposed final dividend for the year of 29.0 pence per ordinary share (2012: 23.0 pence) to be paid on 16 May 2014, subject to shareholder approval.
Hi Mark
Any idea what was XD date please ?
I saw xd mark now, result is on 13/5/14

[marben100] 28/4/2014 11:22

Hi jaws,

...but shares now trading xd, so NAV for trades today = 1174p.

Cheers,

Mark
Twitter @marben100

[jaws6] 28/4/2014 08:09

Todays RNS put nav at 1208 p

[marben100] 07/4/2014 17:31

TDay,

What that means is that investors buying today should get a double whammy in the fullness of time: a) Significant gains in NAV should be acheived when the current portfolio of businesses is realised; b) NAV increases should lead to a narrowing of the discount gap, i.e. an exra boost to the share price Performance hasn't been great the last few years, against a backdrop of a tough UK & European economy. I'm expecting better in the years to come, though my HGT holding is smaller having also trimmed higher up. If the discount gets wide enough I'd look to add some of those back.

Cheers,

Mark
Twitter @marben100

[david77] 07/4/2014 11:55

Director and his wife spent over £20,000 on shares. That's a vote of confidence.

[tday] 03/4/2014 16:52

The Chairman reportedly said in his last statement about ...."the foundation for attractive long term returns." Looking at the share price performance over the last 7 years, his remark doesn't fill me with confidence.

[damanko] 16/10/2013 19:26

Chaps: After 8/9 years as a holder, having bought at 5 pounds something, I sold at 12 pounds something. And of course reinvested the money/profit.

Good luck to all holders.

Regards,

damanko

[woracle] 16/10/2013 18:27

Discount will return to 10 to 15% before there is any real buying.

[jlo10] 16/10/2013 14:16

This is some drop over the last few days.

[iomhere] 22/8/2013 10:04

People holding this stock are probably in it for the long term so there shouldn't be a great number offering their shares. And, of course, in the long run they are almost certainly right. HGT tends to understate its position, hence the premium to valuation shown on most of its disposals. As Gene Sarazen, when asked by an aspiring golfer how a ball could be hit further replied, "Be content".

[woracle] 22/8/2013 08:52

Its still trading at a premium to diluted NAV so the fall is not at all surprising. Don't forget until recently a discount of 10 to 15% was not unusual in a jittery market so don't be surprised if it reaches that again.

[phbatbjco] 22/8/2013 08:08

For God's sake its not that bad! ? -5.6%???!!

[phbatbjco] 27/3/2013 19:52

interesting move upwards today?

[chrisdonohue] 28/2/2013 10:13

2012 results due March 8th. In my view, the HGT share price does not reflect
the quality of the consistent index-beating results over the years, the rise in
the euro/sterling exchange rate and the substantial rise in the stock market
since the end of November when its asset value was quoted at 1183p.

Incidentally, HGTS still trades at a discount to the convertion price into HGT. It is geared over 10 times and still has until May 31st to run in a market which yesterday breached significantly the very stubborn 14000 resistance on Wall Street.

[woracle] 28/2/2013 10:00

Disposal news is just wishful thinking, but currency affect on NAV isnt.