Jpel Private Equity Share Discussion Threads

[skyship] 13/2/2014 16:57

Have been watching and waiting. 73c looks to be an attractive level again; however I admit to being put off by the intention to invest $150m into Growth companies.

One of the main reasons for buying this sector is the increasing NAV from maturing old investments - many from the 2007-2010 period. These new investments are unlikely to provide a return for quite some time.

That said, at 73c the NAV discount is once again up to the 34.8% level. So value is certainly emerging again.

In a quandary...

[skyship] 24/1/2014 09:27

Hmm - don't think Sippdeal allow wine - perhaps investment grade Bordeaux - but that is still in bubble territory - OK for champagne, but not 1st growth clarets!

[badtime] 24/1/2014 09:19

all that cash earning nothing sky...might as well buy some wine

[skyship] 24/1/2014 08:44

Holding off for the time-being - a tad nervous about markets generally - so now at 33% CASH...

[tiltonboy] 23/1/2014 11:10

Bought them back at 75.5, so hopefully they wont drift too much further.

[elmfield] 18/1/2014 08:26

Not finding much, bit of cash might prove handy if
Inflation goes on falling, deflation?

[skyship] 18/1/2014 08:07

I took 79.75p as well. Was looking to increase my liquidity level; so this was a tailor-made opportunity.

[tiltonboy] 17/1/2014 20:17

Interesting new Aussie holder, who seem to have a good track record in PE.

Sold yesterday at 79.75, but will look to get back in on any pull-back.

[skyship] 17/1/2014 18:13

...but AVI/BTEM have taken the cash - they only bought in quite recently; so did well with a quick 10% turn.

[dasv] 17/1/2014 09:13

Baring asset management has taken on 12.08% of the shares

[jaws6] 15/1/2014 08:24

Hopefully they get few more pref share out from this money too to reduce bit more interest.
plus they might get few more buying too,can only buy 1000 ?

[dasv] 15/1/2014 08:01

raises awareness of the discount to NAV to institutional community - should narrow discount to NAV hopefully.

[stupidboypike] 15/1/2014 07:55

At $0.80 the shares are still at over 30% discount to NAV. There is a good reason these institutions want to buy in quantity!

Best regards SBP

[skyship] 15/1/2014 07:51

Still no dividend - but that would perhaps be harping somewhat this morning!

============================================================================

Immediate liquidity event funded by third party institutional investors

The Company has held discussions with certain existing institutional investors regarding taking a meaningful position in the equity of the Company and therefore providing a significant liquidity event to US$ Equity Shareholders.

As a result, JPEL has been notified that certain institutional investors are seeking to purchase up to 84 million US$ Equity shares through market purchases at $0.80 per US$ Equity Share. Shareholders wishing to sell US$ Equity Shares should contact Liberum on or before 24 January 2014 who are acting on behalf of the institutional buyers.

The market purchases will commence immediately on 15 January 2014 and end on the earlier of 24 January 2014 or at such time as 84 million shares are acquired.

The Board is fully supportive of this exercise. This trade provides a significant and immediate liquidity event for US$ Equity Shareholders at an 8.3% premium to the US$ Equity Share price as at 14 January 2014, the latest practicable date prior to this announcement.

[stupidboypike] 15/1/2014 07:43

Nice. Thanks for pointing me to this SKYSHIP.

Best regards SBP

[jaws6] 15/1/2014 07:30

DASV
plus they want to buy at .80 if any one wants to sell 5 c higher ?

[dasv] 15/1/2014 07:27

Immediate liquidity event funded by third party institutional investors

[skyship] 13/1/2014 09:34

Slow but steady progress. Just needs a stronger $...; and of course - a dividend!

[jaws6] 31/12/2013 07:33

The net asset value (NAV) of JPEL's US$ Equity share class remained at $1.13 in the month of November. During the period, the value of the company's investment in LifeLock increased $2.3 million but was offset by a decrease of $2.2 million in the share price of Education Management Corporation. JPEL's November 2013 valuation includes the updated 30 September 2013 valuation for Deutsche Annington Immobilien Group (DAIG). The German residential real estate company is JPEL's largest investment at approximately 12% of the investment portfolio. This is the first valuation that JPEL has received from the sponsor since DAIG went public in July 2013 and it is in line with JPEL's prior holding value.
During the month, JPEL received distributions of $4.1 million and capital calls of $0.4 million. JPEL received $1.0 million from the sale of shares of LifeLock. The Managers sold off shares of two publicly traded companies that had been distributed to JPEL. The sale of the shares freed up cash of $0.9 million. The Company also received $0.6 million from Guggenheim Aviation Fund II. In addition, JPEL received smaller distributions totaling approximately $1.5 million from 12 different underlying funds.

[safetymargin] 05/12/2013 12:52

1 cent increase in NAV to $1.13:

[skyship] 26/11/2013 15:21

Another holdings RNS:

BTEM takes its holding up to 17.396m (5.02%)

[skyship] 25/11/2013 17:55

Asset Value Investors increase their stake again; from 25m shares to 25.65m (7.15%)

[spittingbarrel] 20/11/2013 19:45

Hope you're right SKYSHIP, I've started re-cycling some of my DSC money in, but only a small amount so far. I might buy more tomorrow but it's a toss up between JPEL and buying more CPBB as the price came down a bit today.

[skyship] 20/11/2013 17:57

Further good news:

# Asset Value Investors increase their stake from 19m to 25m shares (6.97%)

# BTEM increase their stake from 12.9m to 16.96m shares (4.89%)

I like this realignment of the deckchairs as these are highly rated fund managers.