Private equity is picking up: Buy this ‘hidden gem’ -
This is a version of an article published today in the Telegraph’s Questor column... |
Tipped by Questor in the Telegraph today. |
24m shares could only be sold off via a placing, even if the combined group wanted to do so, which is unlikely IMO. |
Doing some research today... Picked up that Witan Investment Trust owns more than 5% of Apax Global Alpha.
Now that Witan is merging with Alliance Trust, there may be some concern that Witan's Investment Trust holdings will be sold off. |
Looking at the chart, there has been an almost continuous slide over the last 3 years. When the rest of the market has been growing, that suggests deep issues. I can't spot anything significant. What am I missing? |
Nice dividend received today at least ... |
Like an ingenu, waiting to be fleeced, I took a few at just under 136p. Looks reasonable value assuming there's no nasties in the offing that we're unaware of(imagine that!)) |
Frustrating to see this trickle downwards...
But we're still getting our 8% yield and the cheaper the share price, the more NAV accretive the share buybacks. It's just one of those ITs we need to be patient with and ignore the day-to-day... |
Well it's divi day tomorrow so may rise a bit on reinvestments? |
Cheap at 135'ish pence? Cheap-but there's a good reason for it? Or, don't be so daft CWA1, it's not cheap at all, what are you havering about?!
Any views welcomed :-) |
Thanks for your feedback - I'm planning to double my holding here to get some more private equity exposure (I like the dividend payouts too) but must say I don't fully understand the business ... |
Can't explain though a rising tide should lift all boats eventually. That's my hope. BPT has had upgrades recently whilst Apax took a small hit on one of its holdings. Looks a real bargain to me in the 140s ..but who knows. |
Why has Bridgepoint virtually doubled from the lows but shareprice here remains in the doldrums ? |
XD this morning in case anyone was wondering. Pay day is 3/10 |
CT private equity ? |
Small allocation in SIPPLooking for one more PE trust with a decent dividend |
Have built a position here too GLA |
This has done suspiciously well since purchase! Hmmmm |
Also added more 140p. Full holding now. Will let it play out over the longer term now. Hoping bottom is in and nav starts to improve into 2025. |
Given the current share price discount to NAV, it should narrow as interest rates continue to fall. In the meantime the dividend provides an attractive real return. |
I see what you mean CWA1; looks reasonably safe for a 1% allocation for a c.8.23% yield. |
Decided it's worth a small punt at 137p, so taken a few |
Seems a crazy low price 139p - or maybe got this one wrong. |
Added, seems left well behind by Mr market. |
Buybacks appear to have restarted. I wonder if they read ADVFN? 🤔 |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
