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PIN Pantheon International Plc

316.00
-3.50 (-1.10%)
Last Updated: 10:51:26
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pantheon International Plc LSE:PIN London Ordinary Share GB00BP37WF17 ORD 6.7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.50 -1.10% 316.00 316.00 317.50 320.50 316.00 320.50 158,362 10:51:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 82.02M 42.28M 0.0894 35.35 1.49B
Pantheon International Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker PIN. The last closing price for Pantheon was 319.50p. Over the last year, Pantheon shares have traded in a share price range of 230.50p to 324.00p.

Pantheon currently has 473,012,246 shares in issue. The market capitalisation of Pantheon is £1.49 billion. Pantheon has a price to earnings ratio (PE ratio) of 35.35.

Pantheon Share Discussion Threads

Showing 51 to 73 of 750 messages
Chat Pages: Latest  6  5  4  3  2  1
DateSubjectAuthorDiscuss
26/1/2012
16:07
Glad you thought the Update to be positive. I suppose that currency loss was the fault of the 25% in the Euro...
skyship
26/1/2012
16:02
Good nav update, still kicking out cash and board say will continue to buy back shares at current discount.

Worth remembering that PIN reports a quarter behind most of the PEITs ie this is predom a Sept nav.

rambutan2
13/1/2012
11:54
IC article today:

Taking into account the current market and economic environment, we asked four investment trust experts to pick a good cautious trust and a good adventurous trust to navigate the year ahead - and two of our experts have plumped for the same adventurous trust: Pantheon International Participations.

Alan Brierley, director, Collins Stewart
Adventurous: Pantheon International Participations (PIN)

"Pantheon, a fund of private equity funds, has outperformed the MSCI World Index by an annualised 4.5 per cent over the past 15 years, yet somewhat inexplicably the shares trade on a 45 per cent discount to net asset value (NAV). The balance sheet has been strengthened in the past couple of years, and the portfolio is in good health, generating strong revenue and earnings growth, and maturing well. Provided the global economy can avoid a sharp contraction, we expect continued NAV outperformance to be compounded by a re-rating from deeply distressed levels."

Charles Cade, head of investment companies research, Numis Securities
Adventurous: Pantheon International Participations (PIN)

"This fund invests in a diversified global portfolio of private equity funds with a focus on secondary assets. Its manager is a leading private equity specialist with over 60 investment professionals. Investors are nervous about private equity investments and, as a result, PIP's discount has widened to more than 40 per cent. But this derating has gone too far. PIP's balance sheet is in good shape and it has a mature portfolio with relatively low debt which is generating significant amounts of net cash flow from realisations. This means the fund can repurchase its own shares and take advantage of attractive investment opportunities. We see scope for NAV growth in 2012 to be enhanced by a narrowing of the discount."

skyship
12/12/2011
08:15
I have started a Private Equity thread ("PE"):



I do hope that readers will bookmark this new thread and share their knowledge and expertise over there from time to time.

skyship
28/10/2011
14:28
FT article - Investors urged to consider "unloved" investments-

(...)
He recommends listed funds such as Princess Private Equity, whose shares trade at a discount to net assets of over 30 per cent, and Pantheon International Participations, which trades at a discount of more than 40 per cent.
(...)

yieldsearch
10/8/2011
12:48
PIP exchanges loan notes for redeemable shares
StockMarketWire.com
Pantheon International Participations is exchanging loan notes for new redeemable shares.

PIP is drawing down commitments to subscribe for £100.5m of new redeemable shares from the institutions with whom the company has entered into standby subscription agreements.

And, at the same time, it will repay £100.5m of outstanding unsecured subordinated loan notes held by those institutions.

These actions will effectively exchange the full balance of the company's loan notes for new redeemable shares.

Story provided by StockMarketWire.com

damanko
28/7/2011
08:46
Liberum issued a research notes today on this (PIN / BUY) , anybody has access to it
yieldsearch
27/7/2011
18:36
No plans to narrow the discount to nav per chance ?
envirovision
06/6/2011
21:08
"incorrigible - 6 Dec'08 - 21:14 - 2 of 9
not boring now is it?"

Just looked at this thread for the first time in a while. Wonder if incorrigible had any real interest in this share? Did he/she buy? If so - at those levels (December 2008) he/she will have been very clever indeed.

For my part (having been a holder since 1989, at a buying price of 90p) - I spent 2009 & 2010 buying shares on a monthly basis.

Am planning an exit at around £9.00, two decades, enough said. (Though of course I'll look a wally if this doesn't happen)...........

damanko
04/2/2010
12:41
Solid performance for Pantheon fund of funds
investinggarden
02/1/2010
01:05
MCR - Mercator Gold IS GONNA ROCKET ON MONDAY MORNING. MARK MY WORDS.
sul2
02/1/2010
00:35
Been in since 220, but boring is good here. What's your target Premiumbond (mine 500p, time horizon Q1/Q2 2010) but might hold longer given the NAV.
gunther1
30/12/2009
21:04
I've just bought in today. The discount to NAV is too good to ignore.
premiumbond
06/1/2009
10:40
You could 'phone Pantheon & they'll send you the latest company report. Trouble is of course it'll be out of date. Here is the last info:

11th December 2008

PANTHEON INTERNATIONAL PARTICIPATIONS PLC

ISSUE OF LOAN NOTES

The Board of Pantheon International Participations PLC (`PIP'), the quoted
private equity fund-of-funds, today announced that agreements have been entered
into with institutional investors to subscribe for up to £49.5m in aggregate
for unsecured subordinated loan notes (the "Notes").

Under these agreements, the Notes are to be subscribed in cash on 18 December
2008 and, if not repaid earlier, will have a maturity date of 15 November 2010.
The Notes will pay a rate of interest equal to LIBOR plus 1.5% p.a.

The agreements have been entered into with all of the institutional investors
who have previously entered into "standby" commitments to subscribe, if called
upon by the Company to do so, for redeemable shares. In the event of a drawdown
by the Company under a "standby" commitment from an institutional investor who
is a Noteholder, the Company shall repay an equivalent amount on the Notes held
by such investor (or such lesser amount as is outstanding).

Having reviewed PIP's existing investment commitments and, in relation thereto,
the Company's requirement for additional cash facilities, the Board believes
that these short-term loan arrangements provide the most appropriate method of
obtaining the necessary cash financing in current market conditions.

Ends
Raising £50 million or so in this climate (11/12/2008) is a sign of confidence, but - as you say - the price has been hammered. I have bought some more over the past few months, at a little over £2. 12 months ago Pantheon was trading at over £9 a share. Most of the funds it has invested in over the years are based Stateside, and denominated in US$. I guess they are suffering because of this, in that American PE outfits are wary of putting up any serious funding until we are over this financial crisis.

It is little consolation - but 3i has suffered even more over the past year. It is now trading at less than its flotation price, back in 1994.......

damanko
30/12/2008
14:15
damanko:- Having read this thread (I like it short and too the point) and tried to navigate thecoy web site (not very helpful imo) I am confused.

SP seems to have fallen more than I wuld have suspected the underlying assets have fallen but not sure where to find details of gearing and covenants plus particapant redemptions levels in the underlying funds.

Can you point me in the right direction ?

pugugly
22/12/2008
11:13
Agreed - Now high in the top list fallers.
pugugly
06/12/2008
21:14
not boring now is it?
incorrigible
06/11/2008
12:42
Actually, I am now buying more, on a monthly basis. It has halved as the private equity sector in general - in the United States, is dire. Plus, PIN is UK listed, so recent moves in the currency will have hurt.

Though - good to see a tad of activity on this board.

Good, well managed company, in my opinion. Though of course I am biased, having first bought - in 1989. Still vey much in profit, though perhaps should have considered selling when they went north of nine pounds. Oh well .... next time that happens.

damanko
06/11/2008
11:58
400 pence drop in one month: Some dive, is the boat being rocked?/?
etacarinae
17/6/2007
10:22
June 2007, and here we sit............ and PIN is at £9.10 or thereabouts. My case is rested. After my last post on this thread (November '05), I did actually put a little more in this outfit. The older I get, the luckier I get... Ho Hum.
damanko
24/11/2005
23:40
25th November, and here we sit........ and PIN is at £7.35 or thereabouts. I definitely rest my case. Let the rest of the beebeer's chase the same old penny stocks, time and again. I think I'll put a little more in this outfit. If they were good enough for me in '89 at sub 90p, they're still good. Enough.
damanko
11/10/2005
17:21
Nope. What makes it interesting, I'd say. Just a high quality fund of funds giving Joe Public access to private equity funding on a scale not readily available to us proles on a modest income. Ho hum, the quieter the better, can you imagine all those serial posters from the penny type failures getting loose on here?
damanko
10/9/2005
19:08
This is my quietest BB does anyone have anything interesting to say?
etacarinae
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