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Share Name Share Symbol Market Type Share ISIN Share Description
Apax Global Alpha Limited LSE:APAX London Ordinary Share GG00BWWYMV85 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 1.17% 215.50 216.00 217.00 217.50 213.50 217.50 241,458 14:53:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 150.7 144.4 29.4 7.7 1,058

Apax Global Alpha Share Discussion Threads

Showing 151 to 175 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
24/11/2021
13:08
Im no expert. Both are good plays for the long term. Happy to hold both. Higher div here if thats your preference.
its the oxman
19/11/2021
18:11
oxman i am new to this fund- is it better than icgt-obviusly it is ranked higher but similar discount appreciate your take
ali47fish
05/11/2021
08:34
See another 10p here near term. Hoping for move into mid 30s.
its the oxman
04/11/2021
10:23
delighted with the price action here allowing me to buy back in size c 220p this am. As you say Cleary an overhang of some sort
nimbo1
04/11/2021
09:20
Must be a seller of size though as struggling to break clear of 220p.
its the oxman
04/11/2021
09:17
Bit of a delayed reaction this morning to the significant nav gain just announced. Surely a move to new highs can't be far away. Yield nearer 6% now as well which is nice.
its the oxman
04/11/2021
07:17
Yep excellent performance. Total NAV Return(1) of 9.9% in the quarter (8.3% constant currency). -- Total Adjusted NAV increased to c. EUR 1.5bn with Adjusted NAV per share, growing from EUR2.81 (GBP2.41) to EUR3.02 (GBP2.59) in the three months to 30 September 2021.
rcturner2
04/11/2021
07:15
Quarterly statement: https://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/quarterly-results-for-30-september-2021/202111040700032725R/ NAV up from 241p to 259p over the period. PE +13.6% is pretty good!
jonwig
02/11/2021
17:10
Not familiar with icgt, but certainly in comparison to HVPE I agree with you, its lagging 10% very broadly as I said in 155 above
makinbuks
02/11/2021
11:11
Nav update due soon I believe.
its the oxman
02/11/2021
11:10
Is this looking increasingly left behind by hvpe and icgt or is it not a fair comparison?
its the oxman
01/11/2021
09:31
I bought in first thing today. Good long term track record and decent discount and dividend at the current share price.
rcturner2
26/10/2021
15:13
Bought in here this morning after watching for a while. Seems like a bargain to me!
uhound
25/10/2021
14:13
Yes, when you consider the price broke £2 last December, progress this year at +5% has been modest although you do need to consider the dividend which nearly doubles that. There were two major sales by institutions which caused dents in the price and there are alternatives such as OCI and Harbourvest who offer better value in discount terms. But I expect many investee companies will have grown EBITA 25% over the year so yes I would say a 10% uplift could easily be justified back to the all time highs
makinbuks
25/10/2021
13:55
Yes I added.
andyj
22/10/2021
20:12
Anybody buying this at 211p. Looks attractive now it's pulled back nearly 20p.
its the oxman
06/10/2021
06:54
Apax Funds to acquire Eating Recovery Center - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/apax-funds-to-acquire-eating-recovery-center/202110060700071188O/ On 5 October 2021, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had signed a definitive agreement to acquire a majority ownership stake in Eating Recovery Center ("ERC"), a leading provider of eating disorder and mood and anxiety treatment in the US, in partnership with Oak HC/FT and management. The transaction is expected to close in Q4 2021, subject to customary closing conditions. On a look through basis, AGA is expected to invest approximately €23m in the company, depending on final closing arrangements. Note that this figure relates to AGA's look through position of Apax X's overall investment in ERC and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable1. ERC is a national leader in eating disorder treatment in the US. The company's differentiated clinical model meets patients where they are in their treatment journey by offering the full continuum of higher levels of care. Through the recent expansion of its Pathlight division, ERC addresses a more comprehensive set of behavioural health conditions including primary mood and anxiety disorder treatment. ERC lowers financial barriers to accessing behavioural care by partnering with most major commercial insurers in the US, so patients can focus their energy on pursuing recovery. Apax X, in partnership with ERC's leadership team, will uphold the company's focus on clinical excellence while expanding access to care physically and digitally. The Apax Funds have a strong track-record investing in 'Healthcare Services', a core Apax Healthcare sub-sector...
speedsgh
20/9/2021
11:51
Surprised that my limit order I set last week at 226 was executed today! I got in at 190 back in April so together with the divi I have taken about 20% profit. I like the business and would happily buy back in again on any weakness.
salpara111
16/9/2021
14:45
Private Equity: Discounts ‘too wide’ as Apax, HarbourVest, HgCapital & Dunedin deliver - HTTPS://citywire.co.uk/investment-trust-insider/news/private-equity-discounts-too-wide-as-apax-harbourvest-hgcapital-and-dunedin-deliver/a1555318 A string of positive updates from private equity investment trusts continues to underscore the anomaly of many of their shares trading at steep discounts to the asset value. Apax Global Alpha (APAX), which invests in the private equity funds of Apax Partners, jumped 3.3% today as it announced a 5.9% rise in net asset value (NAV) following this week’s successful flotation of Thoughtworks, a global tech consultant whose shares ‘popped’ 40% on their first day of trading on Nasdaq. The half-hearted market response to news of the 89% uplift in the valuation of its Thoughtworks stake in the Apax IX fund is typical of the £1bn investment company and its sector. Despite a good track record of backing unquoted technology, services, healthcare and consumer businesses, Numis Securities estimates Apax shares trade 14% below NAV, offering an attractive entry point given the 5% dividend yield and 36% total shareholder return they have provided in the past year. ‘Yet again, we think this rams home the conservative valuation of the positions in private equity portfolios and confirms our belief that the discounts on these funds are still too wide,’ said QuotedData analyst James Carthew. Last month, the Guernsey-based, London-listed Apax reported interim results showing a 6.4% gain in the second quarter. Numis analyst Andrew Rees believes the third quarter should be positive, too, given the share price rises in its larger listed holdings such as Duck Creek Tech, Paycor and Global-e, although elderly care provider InnovAge, a 3% position, has been weak, sliding 42% since its Nasdaq debut in March. Over five years, with the semi-annual dividends included, the investment company has delivered 126% to shareholders, way ahead of the FTSE All Share’s meagre 32% and beating the more competitive returns of 86.5% from the MSCI AC World index or the 119% from the US S&P 500...
speedsgh
16/9/2021
14:42
Initial Public Offering of Thoughtworks - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/initial-public-offering-of-thoughtworks/202109160700059324L/ The Apax IX Fund ("Apax IX"), in which AGA is a limited partner, is an indirect shareholder in Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Following Thoughtworks' announcement on the 14 September 2021 of the pricing of its initial public offering of common stock ("IPO"), shares of Thoughtworks started trading on the Nasdaq on the 15 September 2021. The closing price per share of common stock on the 15 September was $29.29 ("Closing Price"). At the Closing Price, and based on latest exchange rates1, AGA's remaining look through position in Thoughtworks is valued at approximately €158m. In addition, AGA's pro-rata share of IPO proceeds to be received by a subsidiary of Apax IX on closing of the IPO is c. €15m. Together with the remaining value, this represents an uplift of c. 89% or c.€82m to Thoughtworks' fair value at 30 June 2021 and an uplift of c.5.9% of AGA's Adjusted NAV (or €0.17 per share) at 30 June 2021. Note that these figures relate to AGA's look through position of Apax IX's overall investment in Thoughtworks and are stated before taking into account any fees, costs, and carried interest...
speedsgh
08/9/2021
15:08
Why would Warburg have apax in on the deal. Being bought for 5bn and apax putting in a few million?
deanowls
08/9/2021
13:30
Funds advised by Apax to invest in T-Mobile - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/funds-advised-by-apax-to-invest-in-t-mobile/202109080700060378L/ On 7 September 2021, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had signed, in consortium with Warburg Pincus LLP ("Warburg Pincus"), a definitive agreement to acquire T-Mobile Netherlands Holding B.V. ("T-Mobile"), a leading European telecommunications operator. The transaction is subject to customary closing conditions, including consultation with employee representatives, and regulatory approvals. On a look through basis, AGA is expected to invest approximately €22m in T-Mobile. Note that this figure relates to AGA's look through position of Apax X's overall investment in T-Mobile and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable[1]. T-Mobile, which operates four brands - T-Mobile, Tele2, Ben, and Simpel - is a leading European telecommunications operator. Under the current management team, the company has become the leading mobile network operator in the Netherlands and the first to offer unlimited and nationwide 5G, as well as becoming the fastest growing operator in the fixed broadband market serving around 700,000 broadband customers at the end of Q2 2021. Funds advised by Apax and Warburg Pincus have long-standing experience and strong track-records in the Communications Services and broader Telecommunication, Media, and Technology ("TMT") sector, having invested in companies globally, including in Salt (Apax), Wind Telecom (Apax), TDC (Apax), Ziggo (Warburg Pincus), Inexio (Warburg Pincus) and Community Fibre (Warburg Pincus). The two firms have also worked closely together since 2019 when their respective funds jointly invested in Inmarsat, a mobility-focused satellite operator focused on maritime, aviation and government end-markets. Under the new ownership, T-Mobile will become an independent Dutch company and Apax and Warburg Pincus will look to partner with the management team to support the company as it continues to focus on innovation and growing its already impressive customer base...
speedsgh
02/9/2021
09:24
https://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/wizeline-acquired-by-cdpq/202109020700054541K/ Very nice little part disposal 64% above NAV. Mention of other similar investments is a pointer of more to come
makinbuks
01/9/2021
07:23
Funds advised by Apax to acquire SavATree - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/funds-advised-by-apax-to-acquire-savatree/202109010700062807K/ On 31 August 2021, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had signed a definitive agreement to acquire a majority ownership stake in SavATree, a leading, professional tree, shrub and lawn care provider. The transaction is expected to close in Q4 2021, subject to customary closing conditions. On a look through basis, AGA is expected to invest approximately €23m in the company, depending on final closing arrangements. Note that this figure relates to AGA's look through position of Apax X's overall investment in SavATree and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable1. SavATree was founded in 1978 and is headquartered in Bedford Hills, New York. SavATree is committed to an environmentally sensible approach to tree, shrub and lawn care services and has been caring for residential, commercial and government properties for over 40 years. The company services customers in 27 states through 58 locations. Apax X, in partnership with SavATree's leadership team, will strive to accelerate the company's already impressive growth trajectory both organically and through strategic M&A, while continuing to deliver the highest level of customer care and service.
speedsgh
25/8/2021
10:11
Thanks, interesting listen as I happen to hold Pershing too! In my view Carthew talks a lot of sense and certainly I concur with his views here.
makinbuks
Chat Pages: 7  6  5  4  3  2  1
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