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JZE JZ Equity

111.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
JZ Equity LSE:JZE London Ordinary Share GB0002904810 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 111.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 111.25 GBX

Jz Equity Partners (JZE) Latest News

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Jz Equity Partners (JZE) Discussions and Chat

Jz Equity Partners Forums and Chat

Date Time Title Posts
02/6/200820:09JZ Equity - Stateside VC Exposure + Inc6
01/2/200521:42JZE in 20% Club17

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Jz Equity Partners (JZE) Most Recent Trades

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Jz Equity Partners (JZE) Top Chat Posts

Top Posts
Posted at 25/9/2007 17:58 by glynnef
I was looking at this IT because 10% of ZPG's portfolio is invested in the zeros.

Interesting they issued a NAV statment on 19th sept - the only one I can find ever ! I wonder what the reason was, especially as they only value the unlisted securities (and the great majority are unlisted) every 6 months, so the the valuation is really as 31st March 07. Makes no sense to me. Biggest move will be the drop in the USD v UKP I guess.

The repayment of the zeros has been hedged against currency risk. JZE is at a large dicount to estimated NAV, but there must be a lot of unceretainlt in the NAV.

Any views ??
Posted at 19/12/2005 19:06 by mattybuoy
I've been into this one for a while. Ignoring the currency exposure the risk-reward looks very nice. You are getting approximately 95% debt with a 5% equity kicker. Most of the portfolio is in relatively safe old style industries.

Then there's the on-going share buyback and mention in a recent annual report of considering other capital structures. Regardless of which there is the scheduled wind-up in 2009.
Posted at 01/2/2005 21:42 by ompradne
Does anybody know if JZE have sold their 2 million shares in Safety yet? Can't find any mention of it in the report to september 30th but its not listed in the updated portfolio on Trustnet(although it is listed as a portfolio holding on aitc.co.uk.Today Safety went over $35 so a disposal soon would kick up the JZE NAV nicely.
Posted at 15/7/2004 19:18 by rambutan2
OUR OBJECTIVES
"To create a portfolio of investments in businesses primarily in the United States, providing a superior overall return comprised of a current yield and significant capital appreciation"

rns:


our own site:


our bosses stateside company:


performance stats:


and more stats etc


previous thread:


its been a poor decade so far for jze, but the long-term track record of the managers is good and over the last few months there have been signs of better things to come and a return to form for James Jordan and David Zalaznick. the big bear point is of course its 100% us$ exposure, unless of course your a dollar bull! in its present form jz is a split cap trust with zs gearing the ords.
Posted at 30/6/2004 18:21 by rambutan2
up by 8-10p. a nice bonus from the past...

JZEP's original investment in LePage's in 1993 was approximately $8.9 million
which was subsequently written off to zero in 1997. JZEP's share of the proceeds arising from the judgement will be allocated to income and capital, in amounts to be determined.
Posted at 15/6/2004 09:46 by jonwig
Prelims today look very sound, nav 164.3p giving a 22% disc, and good prospects for a large part of the investee companies. They also seem to be pretty open about their problem investments. I would think increased use of mezzanine investments would enable the dividend to increase, whilst proposals for share buybacks will support the nav. Apart from worries about the US markets and economy, which must be heeded, this looks "buy" territory to me. The time horizon is 2009, when the zeros will be redeemed, and the company reorganised in some way.
Posted at 08/10/2003 00:03 by rambutan2
have followed jze and its predecesor for years. below is a piece about the big brother to this fund, from which the new mez policy will be fed from...
Posted at 30/5/2001 09:13 by brnf
The discount on this trust is wide, but deservedly so. It only values its holdings once a year. When it does, it uses an opaque process. It publishes next to no information about what it is up to, except what is required by statute. No friendly investor relations people here.

Having said that, the managers have an excellent track record in value situations and so JZE is a very good counterbalance to a portfolio which is rich in tech stocks. In this context, although JZE is opaque, it is no more risky than any individual share and it is a one hit stop for US small company old economy exposure. Americans still buy their burgers at Burger King...
Jz Equity Partners share price data is direct from the London Stock Exchange

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