We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Apax Global Alpha Limited | APAX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.73% | 136.00 | 16:22:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 137.00 | 136.00 | 137.00 | 136.00 | 137.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/09/2024 | Interim | GBP | 0.055 | 12/09/2024 | 13/09/2024 | 03/10/2024 |
| 05/03/2024 | Final | GBP | 0.0564 | 14/03/2024 | 15/03/2024 | 04/04/2024 |
| 06/09/2023 | Interim | GBP | 0.057 | 14/09/2023 | 15/09/2023 | 03/10/2023 |
| 02/03/2023 | Final | GBP | 0.0582 | 09/03/2023 | 10/03/2023 | 03/04/2023 |
| 19/08/2022 | Interim | GBP | 0.06 | 01/09/2022 | 02/09/2022 | 23/09/2022 |
| 02/03/2022 | Final | GBP | 0.0636 | 10/03/2022 | 11/03/2022 | 04/04/2022 |
| 19/08/2021 | Interim | GBP | 0.0597 | 26/08/2021 | 27/08/2021 | 17/09/2021 |
| 02/03/2021 | Final | GBP | 0.0528 | 11/03/2021 | 12/03/2021 | 01/04/2021 |
| 25/08/2020 | Interim | GBP | 0.0487 | 03/09/2020 | 04/09/2020 | 25/09/2020 |
| 03/03/2020 | Final | GBP | 0.0468 | 12/03/2020 | 13/03/2020 | 03/04/2020 |
| Top Posts |
|---|
Posted at 24/12/2024 23:10 by speedsgh Write up on #APAX by Oak Bloke |
Posted at 27/11/2024 17:33 by speedsgh Apax carves out S&W accountants from Evelyn wealth managers - Apax Global Alpha contributes £23.4m of a reported £700m price tag for Smith & Williamson, the accountancy arm spinning off from Evelyn Partners... |
Posted at 27/11/2024 08:33 by speedsgh Apax Funds to acquire Evelyn Partners - |
Posted at 22/11/2024 08:11 by speedsgh @Mister MD - That's because actions speak louder than words and the APAX buyback programme is being implemented in such a half-hearted manner that it is unlikely to have any meaningful effect.The first buyback was undertaken on 27 June. The terms of the programme are as voted for at the most recent AGM (1/5/24) and limit buybacks to 14.99% of the Company's issued capital (73,616,005 shares). The Distribution Pool which earmarks funds available for buybacks was seeded with EUR 30m. To date APAX have bought back 2,136,021 shares (at a cost of approx EUR 3.67m) which represents just 2.90% of the maximum 73m+ shares that can be purchased. That is since 27 June, so over nearly 5 months. Purchases are being undertaken by Jefferies independent of the company but within parameters set by the company in the agreement with Jefferies. AFAIAA these parameters have not been disclosed to shareholders but are likely the reason behind the scheme's relative ineffectiveness. To be fair, it should also be noted that many other trusts/companies have been buying back shares over the same period and even in cases where buyback programmes have been implemented more rigourously, it has tended to have limited effect on the share price. |
Posted at 23/10/2024 09:55 by craigso @makinbucks There are different kinds of PE strategies. Not all of them require "significantly grow revenue and EBITDA" or indeed high levels of debt.What shouldn't be a debate is that an investment trust is required to distribute a high % of the income it declares - I believe it's 85%. So if Apax is making capital gains and receiving dividends, then these must be mostly distributed to shareholders. That doesn't preclude an IT from having uncovered dividends, but even then that's a sign of confidence as no company or IT wants to reduce dividends. And for a fund targetting mid-teens returns, a 8% "natural yield" is certainly the minimum to be expected from a mature, cash-generating portfolio. |
Posted at 22/10/2024 09:37 by makinbuks craigso, I think that is misguided. PE investors look for companies that can significantly grow revenue and EBITA. To allow that to happen they gear the investee companies. Cash flow generated services the debt and funds the growth, dividends restrict the growth opportunity. After a period of growth the PE investor sells the asset for a capital gain. If a PE IT is paying a dividend it is doing so to smooth the distribution of the capital gains. Whether this is good practice or not is a debate.Apax is different, unique in fact, in that alongside the PE it has the debt and equity derivatives portfolio which is there to provide liquidity and income. That gives it a natural yield which other PE IT's don't have but lets not kid ourselves that there is an 8% natural yield |
Posted at 18/10/2024 10:44 by parob Another I've been watching for a while and bought in today. Think we will see quite a move once we break the downtrend and happy to receive the very attractive dividend in the meantime :) |
Posted at 17/10/2024 16:15 by spectoacc Very interesting, thanks. They could be sat on it for a long time tho, APAX been a serial underperformer. |
Posted at 17/10/2024 16:10 by speedsgh "That’s left them [APAX] on a 33% discount to their net asset value of 213p in June, which has ‘disappointed&Following Witan’s merger this month with rival Alliance Trust, Hart has joined its fund manager Willis Towers Watson. The 5% stake in Apax has transferred to the now £5bn Alliance Witan (ALW) and although it does not fit its investment strategy, Hart said it ‘will not be sold until we have realised full value for Alliance Witan shareholders.’ That’s good for Apax. If Alliance Witan is not a forced seller, it should remove any ‘overhang̵ |
Posted at 26/6/2024 15:59 by speedsgh I have to agree with you, @ItO. Prioritising the buybacks at a time when the discount remains so stubbornly wide seems sensible to me. And the level of the new absolute dividend (11p) is sufficiently attractive to keep income investors (or growth investors looking for an attractive income alongside) interested & invested here imo. There is nothing to stop them from reverting to the previous dividend policy once the situation has reversed and the discount narrowed to more normal levels, although I accpet that they may just decide to retain the absolute dividend with the possibility of supplementing it with special dividends rather than going back to a dividend as a specific percentage of NAV. They are prely adapting to a changing/changed situation and realigning priorities AFAICS. The only criticism I might make is that they might have done this sooner. AIMHO |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
