Principle Cap. Share Discussion Threads

[rambutan2] 22/5/2007 23:46

yes.

qvt (hedge fund and arbs) took their 11% stake ie 1m shares on 15th at 277.8p. wonder who sold (at 277.25p) ? still, has prompted rise of recent days.

[johnv] 22/5/2007 20:40

anybody here following this share

[rambutan2] 26/10/2006 22:23

PRINCIPLE CAPITAL HOLDINGS S.A. ("the Company")


FLOTATION OF SOUTH AFRICAN PROPERTY OPPORTUNITIES PLC


The Company is pleased to note the announcement today made by South African
Property Opportunities plc ("SAPRO") (Ticker: SAPO), regarding its listing on
the Channel Islands Stock Exchange, LBG (CISX), admission to trading on AIM and
the first day of dealings in its shares.


SAPRO is a newly incorporated entity that will invest in the South African
property market. In total, SAPRO has raised #30 million before expenses through
a share placing. It is intended that the funds raised will be used to create a
geared property portfolio of around #100 million (just over Rand 1.4 billion).
Subject to market conditions, SAPRO will be seeking to grow its funds under
management incrementally as the funds raised are invested, rather than holding
significant cash positions.


Proteus Property Partners Limited ("PPP") will serve as the investment manager
of SAPRO. It is in turn advised by Proteus Property Advisors (Pty) Limited
("PPA") based in South Africa. (PPP and PPA together are "Proteus").


Proteus is a joint venture between the Company, the Company's subsidiary
Principle Capital Partners Limited, Masazane Capital (Pty) Limited and two
senior members of the South African based executive team. Together with one of
its subsidiaries, the Company owns 59.8% of the shares in Proteus.


Masazane Capital (Pty) Limited is a South African advisory and investment
boutique. Masazane Capital is headed by Brian Smith, former head of JP Morgan's
Financial Institutions Group based in Johannesburg.


The two senior members of the South African based executive team are Richard W.
Currie and Keith Wolstenholme. Prior to the establishment of Proteus, Richard
was managing director of the Currie Group, one of South Africa's oldest property companies, where he was responsible for identifying property investment and development opportunities on behalf of the group and the management of their privately held property portfolios. Keith has a background in corporate finance with JP Morgan in Johannesburg and prior to the establishment of Proteus has been running a private property development business focusing on the South African residential market.


Brian Myerson commented "I am delighted that we have launched this exciting
product. I believe South Africa and in particular the South African real estate
market has great potential to provide superior investment returns. South Africa
should continue to gain recognition around the world for its highly
sophisticated property market, which is backed by solid macro economic
fundamentals and an emerging middle class."




and from a few month's ago...

20 July 2006

PRINCIPLE CAPITAL HOLDINGS S.A.

Principle Capital Investment Trust plc - C Share issue

The Board of Principle Capital Holdings S.A. (the 'Company') is pleased to note
the publication today of the Prospectus for the Placing and Admission of up to
50 million C shares in Principle Capital Investment Trust plc ('PCIT'), priced
at 100p per C share. If the Placing is fully subscribed and based on the
Company's unaudited net assets of approximately £51.9 million as at 14 July
2006, PCIT's assets would increase to approximately £100.7 million following the
issue.

The Placing is subject to shareholder approval at an Extraordinary General
Meeting to be held on 14 August 2006. Assuming approval is given, the C Shares
will be admitted to the Official List of the UK Listing Authority and dealings
on the London Stock Exchange will commence on 15 August 2006.

Principle Capital Fund Managers Limited ('PCFM'), a subsidiary of Principle
Capital Partners Limited (the Company's 70% owned subsidiary), is the investment
adviser to PCIT. Brian Myerson and Brian Padgett, directors of the Company, are
executive directors of PCIT. The C Shares will be accounted for as a separate
pool of assets until the earlier of the date upon which at least 75% of the net
issue proceeds have been invested or 30 June 2007. At this point the C Shares
will convert into new PCIT ordinary shares, ranking pari passu with the existing
PCIT ordinary shares. PCFM will earn the same advisory and substantially the
same performance fees from the C Shares as it does from the ordinary shares. The
fees receivable by PCFM will have a positive impact on the Company's income.

[rambutan2] 06/10/2005 23:53

good spot spacewagon.

meant to post liberty's results from the other week. it has great potential as a luxery goods player, especially in asia. imho.

[spacewagon] 06/10/2005 20:03

Action at last!! This could be big



Corporate bruiser Myerson to launch two new funds

Investment activist Brian Myerson is in the final throes of raising capital for two new fund launches through his investment company, Principle Capital.

Myerson, who hit the headlines earlier this year when he took a stake in troubled school group, Nord Anglia Education, will unveil two new investment trusts, one focusing on the UK and the other on the US.

Citywire sources say Myerson is close to launching a £50 to £100 million activist UK-focused investment trust. He is believed to have already secured more than £50 million worth of funds for the UK vehicle.

The trust, which has been registered at Companies House under the name Principle Capital Investment Trust PLC, will be the flagship vehicle for the Alternative Investment Market (AIM) listed investment firm.

The group is also believed to be planning the launch of a significantly larger US-focused vehicle, which will not be a conventional trust. Rumours suggest it will follow a private equity-oriented investment strategy with a sharply focused portfolio.

A spokesman for Principle Capital refused to comment on the new launches.

Principle Capital floated on AIM last November, backed by a number of leading fund management houses including Jupiter, New Star, Old Mutual and Framlington.

The company's chief executive Brian Myerson forged a formidable reputation as a founder member of Active Value in 1993, which he launched alongside fellow South African Julian Treger.

The pair developed an enviable record as one of City's most aggressive activist investment teams but surprised many when they went their separate ways last year.

The separation came following the pair's failed £30 million tussle with WPP boss Martin Sorrell over its takeover of the advertising group, Cordiant.

[rambutan2] 28/5/2005 13:13

First day of trading on AIM

Principle Capital Holdings S.A. ('PCH' or 'the Company') today announces the
first day of dealings of its ordinary shares on AIM (ticker PCX). Numis
Securities Limited ('Numis') is acting as both nominated adviser and broker.

KEY STATISTICS
Placing price 200p
Shares in issue after the Retail Stores Acquisition 2,749,806
Number of ordinary shares placed 6,250,000
Total proceeds from the Placing (before expenses) £12.5 million
Number of ordinary shares in issue immediately following
Admission 8,999,806
Market capitalisation of PCH on Admission at the Placing Price £18 million

KEY INFORMATION

* PCH is a newly-incorporated Luxembourg holding company of a fund management and investment group established to raise and manage funds for activist investment in the UK and Continental Europe
* The chief executive officer of the Company is Brian Myerson, joint founder of
Active Value Advisors Limited.
* The track record of Brian Myerson, principally through Active Value Advisors
but also (prior to the establishment of Active Value Advisors) on an
individual basis and/or through Euro Suisse, shows a gross annual IRR on
realised investments (excluding human capital investments) of approximately
22 per cent. over the last 15 years.

Brian Myerson, CEO of PCH, comments:

'We have been pleased by the support from leading institutional investors for
our share placing. We believe that it demonstrates that activist investment has
'come of age' and is now regarded as a valid method of unlocking the value
within under-performing companies. We believe that the flotation will enable us
to demonstrate the superior returns which our methodology can deliver.'


ukwire:

investment trust:

SA property fund:

retail stores rns:
quote etc:
their retail site:

mwb rns:
quote etc: