|Jpel Priv Eqty
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Jpel Priv Eqty Share Discussion Threads
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|I make that the equivalent of a 1.09% dividend - calculated using the premium element redeemed; ie the difference between 1.115c & 1.42c for a 1000 share holding = 30.5c x 40 = $12.20 = £9.80.
So, pretty small beer, but it is just a start after all...|
|...though not v. the euro thnx BT...I'm enjoying that particular rally. Euro still preposterously overvalued!|
|Let's hope for a continuing weak pound then|
|Meanwhile cash continues to grow in readiness of the first Tender. Hopefully not too long to wait.|
|Do love JPEL, but do wish I'd bought more! One of the quality PE plays.|
|Please find detailed below the estimated net asset value per share for JPEL Private Equity Limited as at 31 October 2016:
Ordinary Share Class - $1.42|
|An extract from BTEM's October factsheet:
JPEL Private Equity continued its march higher on the back of a narrowing discount, which now sits at 21% having been as wide as almost 30% just a ouple of months ago.
We view JPEL’s portfolio as being well-balanced between mature legacy funds and more recent secondary direct investments. The former generate prodigious cash-flows flows (34% of opening value for the 2016 financial year) that will now be distributed to shareholders under the new realisation policy. The latter are largely high growth companies bought (and still carried) inexpensively - weighted average YoY EBITDA growth for the six months to 30-Jun-16 for the eight buyout investments in JPEL’s top ten holdings was recorded at 38%, yet these same investments are carried at just 7.5x EV/EBITDA. These metrics help explain JPEL’s 15% NAV growth over the last six months.
JPEL’s AGM in October saw the passing of a resolution permitting mandatory redemptions at NAV - this will ensure the efficient return of capital to shareholders under JPEL’s realisation policy. Having recommended the appointment of Sean Hurst, an experienced closed-end fund investor, to the Board of JPEL, we were pleased to see Sean elected to
the board at the AGM.|
|Sep'16 NAV declared - up 1c to $1.44|
Thank you. please do try to get HVPE if you can. tks|
| Late yesterday afternoon, JPEL Private Equity released its August NAV. It was a decent update with the August NAV increasing by 2.1% from July to stand at $1.43 per share. The drivers of the NAV growth was Innovia the producer of the UK’s new polymer £5 note. Innovia increased in value as the EBITDA for the June 2016 year-to-date period was 50% above the EBITDA for the prior year period. It is worth noting that Innovia also features in the Electra PE portfolio, as Electra co-invested £33m in the buyout from Candover in April 2014 (acquiring a 24% stake). Innovia represented 3% of Electra PE’s investment portfolio. During 2016, Innovia also sold its cellophane business to Futamura Chemicals, Japan’s leading manufacturer of plastic and cellulose films. Elsewhere, MTS Celerion has traded well too. The JPEL August NAV was c79% valued 30 June or later. JPEL received distributions of $9.6m in August with no capital calls.
JPEL ($370m market cap) trades on a 23.5% discount. I think this presents an attractive opportunity given what is going on in the name as well as media speculation surrounding Datamars the second largest underlying holding, the animal tagging business.|
Yes, saw that. Numis also keen.|
|tboy hope you seen JPE buy note today from lib.
Yes datamars will be good if come soon|
|Of more interest was the distribution figure of $9.6m or 2.84c per share.
A sale of Datamars would be good news.|
|NAV up another 2.1% at end August:
JPEL Private Equity Limited ("JPEL" or the "Company") has released the Company's Net Asset Value and Month End Review for the period ending 31 August 2016.
Please find detailed below the estimated net asset value per share for JPEL Private Equity Limited as at 31 August 2016: Ordinary Share Class - $1.43|
|and it goes better bid on your post !!|
|It's crazy that they can't be consistent with their NAV releases. They released two sets within 9 days last time!
Hopefully get news of the Tender as well.|
|Tilts - have you asked them why they are so tardy with their monthly NAV statements?
# The last one was on 9th September for July NAV!
# HVPE today announced their September NAV!
Really no excuse; and could even create a bit of a false market...|
That's my thinking, so even though they are double what I started paying...I am still buying.|
|Corporate Activity - so right, the SVI situation has really stirred the pot, so who knows - JPEL could well be a tasty morsel...|
|you might have to wait bit longer for that unless as you said bonus in 311 ?|
|Hopefully NOV and MAY for Tenders, repay the ZDP's in OCT 17, and then some serious repayments. If the NAV is up to $1.50 in the meantime, all the better.
What would be a nice bonus would be some corporate activity.
Would take $1.25 now for the lot!|
Tks. let's hope you right on them timing on tender.|
Many thanks. As a holder for the last three years it looks as if I got my timing right on JPEL(formerly known as JHELL).
Should get news of the August NAV soon, and hopefully details of the first Tender.|