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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aberdeen Prv | LSE:APEF | London | Ordinary Share | GG00BFMDJ822 | STERLING PART SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
02/7/2012 13:40 | Certainly today's trades suggest the cheap stock now gone. The next buy might well raise the bid level... | skyship | |
02/7/2012 08:58 | bit of upside with limited downside and yield? looks worth buying to me. 14.07: by the tades others do as well. | elmfield | |
01/7/2012 08:37 | Thnx Alan - the 2nd worked for me. Clearly shows the divergence between the NAV growth and the share price weakness. | skyship | |
30/6/2012 17:35 | Very strange - try this or go here and click on the link for "chart performance" (top right) and set to 6 years | alanji | |
29/6/2012 19:55 | Alan Now I remember this I was there on that LPEQ meeting and have got hard copy on this too, Not Working for me either , link below .any other link ? Tks. | jaws6 | |
29/6/2012 16:54 | Sky - it is working for me - takes a while to load sometimes, though. | alanji | |
29/6/2012 16:41 | Alan - the tinyurl link seems not to be working... | skyship | |
29/6/2012 08:47 | The last nav was 107.64 at 31 May up 3.4% on the previous month. At 59p that represents a 45% discount in my view too high for the following reasons: -Most of the investments are well established with three quarters made in 2006/7 and most of the rest in 2008/9. This means the companies are less likely to fail than if they were 'new' investments. -Both asset values and the share price were badly affected by the 2008/9 financial crisis. Asset values fell about 20% (very good compared to some competitors) but the share price was down 60% at one point. nav has grown fairly steadily since May 2009 but the share price has lagged behind. see graph -Asset allocation is mostly global (39%) and North America (32%) with only an 18% exposure to Europe -No borrowings -The Co has declared a dividend of 2pps as it is now receiving distributions from many of its investments see below probably in an attempt to reduce the nav discount -There was a tender offer in May 2011, mainly to take out the then largest shareholder . As a part of the offer (probably demanded by other large shareholders) "the Board will commit to put forward a continuation vote as an ordinary resolution at the Annual General Meeting in 2013 and every third Annual General Meeting thereafter. " If the discount has not narrowed by then I expect either the vote will not carry or there will be pressure on the co to make further distributions. More information and a monthly factsheet can be found on the co website www.aberdeenprivatee More information on PE co's, including a note on APEF, can be found here I topped up on Wednesday. "The Board has decided to put in place a distribution policy whereby the Company returns a proportion of the distributions that it receives from its investments by way of dividend to shareholders. The Board intends to distribute approximately 10% of the received distributions each year. As the level of these will vary from year to year the Board has decided that it will pay at least 1p per annum, regardless of the distributions received. Accordingly, for the first time, your Board is very pleased to be able to declare an interim dividend of 2.0p per Share which will be payable on 20 September 2012 to Shareholders on the register on 17 August 2012" | alanji | |
28/6/2012 09:07 | All much appreciated, I am giving it some thought, just being ultra careful in this market. | elmfield | |
28/6/2012 07:43 | Incidentally, take a look at the link provided by AlanJI in post no.343 on the HPEQ thread. In the presentation you will see the PE Benchmark which has performed very well YTD - hence the rise in the APEF NAV: | skyship | |
28/6/2012 07:40 | KT - thnx for the above. Yes Elmfield - APEF is a Fund of Funds investment; which therefore provides massive diversification. Lower risk than a trust investing directly into companies; however therefore less opportunity for a dramatic winner such as Notemachine for HPEQ or Kerridge for NRI. Still, due to the lower Risk profile one would expect a Fund of Funds to trade at a lesser NAV discount than its peers. The 45% discount here represents an anomaly to be exploited... | skyship | |
28/6/2012 07:31 | Ok, each holding is a fund, a bit like an investment trust. If you look up that trust you will see that it holds companies which will in most cases be private companies a bit like a VCT. Below is a link to Northzone which we hold in our portfolio and you can see it is made up of a lot of private companies. | killing_time | |
28/6/2012 07:16 | thank you, ues I saw that but anyone know excactly what the stuff is? if you get my drift? | elmfield | |
28/6/2012 07:08 | elmfield, click on this link to see the holdings. You can hold these shares in an ISA, hope this helps, KT. | killing_time | |
27/6/2012 17:24 | I read the report, hard to work out what excactly the holdings are! as ever with private equity, however it goes look worth buying at this price so may buy a few tomorrow, assume they can be held in an ISA. | elmfield | |
27/6/2012 16:46 | An excellent declaration by low profile APEF: As at the close of business on 31 May 2012, the Net Asset Value of Aberdeen Private Equity Fund Limited was as follows:- .................... ..............GBP Shares 107.64pence 104.06pence +3.4% ----------------- ----------------- ------------ The stock is on offer @ 58.85p, that is a 45.3% NAV discount. Bearing in mind the Sept'2013 Continuation Vote and the Share Buyback Scheme which will kick in again after the next shareholder approval, APEF looks to be a really attractive buy, especially whilst they can be bought under 60p... The Annual General Meeting of the Company will be held at 2.00 p.m. on 17 September 2012 | skyship | |
27/6/2012 12:17 | The NAV has gone up by 3.4% in May. NAV on 31st May is now 107.64p. | killing_time | |
20/6/2012 15:12 | Bought a few of these today for the first time and tucked away in my isa. A discount of 44% is a bit stupid, as you say SKYSHIP with the continuation vote in 2013. Div of 2p on the 17th Aug and no stamp duty is a bonus. KT. | killing_time | |
20/6/2012 06:34 | Loads of info to plough through in the Annual figures (see header), but obviously the headline statistic is the 2p Interim Dividend - great news, we now have a yield. Also NAV @ 31st March is shown @ 105.8p - much higher than the previously declared figures - don't understand that one yet. Also Board continue to be concerned at the high NAV discount - as well they should be with a Sept'13 Continuation Vote to win! | skyship | |
03/6/2012 16:40 | Crazy discount | lionheart79 | |
01/6/2012 06:27 | As at the close of business on 30 April 2012, the Net Asset Value of Aberdeen Private Equity Fund Limited was as follows:- Share class Net Asset Value Net Asset Value Performance 30 April 2012 30 March 2012 ------------- ----------------- ----------------- ------------ GBP Shares 104.06 pence 101.45 pence +2.57% ------------- ----------------- ----------------- ------------ | skyship | |
30/5/2012 08:09 | 875k traded @ 58.5p - a lumpy buyback perhaps... ...and why wouldn't they at a 44% discount to the 104p NAV! | skyship | |
09/5/2012 17:40 | And another 25k: Transaction in own shares Aberdeen Private Equity Fund Limited (the "Company") announces that, on 9 May 2012, it purchased for cancellation 25,000 sterling shares of no par value at a price per share of 59.5 pence. | skyship | |
08/5/2012 17:11 | APEF continues to hoover up any stock coming their way up to 60p: ==================== Transaction in own shares Aberdeen Private Equity Fund Limited (the "Company") announces that, on 8 May 2012, it purchased for cancellation 10,000 sterling shares of no par value at a price per share of 59.5 pence. The purchase and cancellation will reduce the total number of sterling shares in issue to 109,248,199. The Company holds no shares in Treasury. ==================== | skyship | |
25/4/2012 19:33 | took a nibble first up | badtime |
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