Apax Global Alpha Share Discussion Threads

[speedsgh] 18/8/2020 13:04

Seems to be a seller out there at the mo. 70,000 at 155.5p today, following sells at 155p yday in blocks of 203,900; 99,000; 2 x 50,000; etc.

[philba] 17/8/2020 13:19

Indeed Jonwig, a great day to be a duck!!
hxxps://www.barrons.com/articles/duck-creek-just-priced-its-ipo-above-its-range-what-we-know-51597419690

Note, the APAX 30th June NAV to be announced on 25th August won't have this gain included.

[jonwig] 17/8/2020 06:21

A nice little earner here:

[jonwig] 25/6/2020 13:51

gre - thanks. Saw it but haven't read it yet ... will do.

[gre] 25/6/2020 13:03

Excellent presentation by the company in their online "Investor Update" at lunchtime today. It gave a very good insight into the way the company operates and how it is coping with the Covid 19 crisis.

Slides from the presentation have now uploaded onto their website:

www.apaxglobalalpha.com/media/2157/aga-2020-combined.pdf

[jonwig] 26/3/2020 17:30

Virus impact, realistic, could be worse:

[jonwig] 03/3/2020 07:33

Annual results;



NAV of 188p after a good year. Price has over-corrected.

[nimbo1] 10/2/2020 09:54

out again! quite fun this share

[nimbo1] 04/2/2020 15:38

back in today - made a few pence but needed have bothered.

[nimbo1] 17/12/2019 15:06

let all my shares go this am and yest. will chase other investment trusts with wider discounts but same / better underlying nav performance. been a nice trade

[nimbo1] 25/11/2019 21:42

hope so!

2 of the best performing trusts underlying editda growth wise (their holdings) and nav wise - ICG and Oakley are on huge discounts - oakley especially looks like a great buy here given the director buys.

[ec2] 25/11/2019 14:13

These have been well bid for following the recent Q3 results but there could still be more to come when compared to the other equally decent private equity trust, BMO (ticker BPET). APAX disc. 8%, BMO disc. 4%. APAX div 5.4%, BMO div 4%.

[jonwig] 06/11/2019 07:13

Q3 results again look strong:



Presentation on website gives NAV as €2.15 (191p... stronger GBP?)

[nimbo1] 16/8/2019 09:13

Hi Jonwig, i agree the increase in NAV here looks appealing and reading the report some of their portfolio appears to have significant traction. The discount although widened by historical standards for APAX isn't actually that large compared to the sector NBPE, SLPE. The funds which don't pay a dividend seem to have less of a discount HVPE for example.

[jonwig] 14/8/2019 14:24

Half-year report:



Nav at 30/06 was €1.88 which would now be 194p. A 20% discount looks far too high even in these markets. Div would annualise to ~9.7p if 5% of NAV.

[jonwig] 30/7/2019 06:41

Apax Funds quarterly valuation:



Look at the uplifts over just the last three months: between 5 and 13%!

[jonwig] 22/5/2019 06:08

There's an Investor Day today, with a webcast and presentation pdf here:



Ithink the presentation has been up for a while.

[rcturner2] 15/5/2019 07:10

Yield is over 5.5% at these prices.

[rcturner2] 08/5/2019 06:48

Excellent results.

[jonwig] 08/5/2019 06:34

Q1 results to 31/03 look pretty decent with 8.7% return in the quarter and 17.2% over last twelve months. Part of this was € weakness.

I estimate the nav at 31/03 to be €2.01, or 172p at today's FX.

[sharesoc] 29/4/2019 09:51

You can meet the managers of Apax Global at the Mello Trust and Funds Show. We all have discounted tickets available from ShareSoc, full members get an originally £49 ticket for the reduced price of £24.50 -

[jonwig] 05/3/2019 08:04

FY results:



"Total NAV Return1 was +7.1% (+5.4% constant currency) reflecting strong operational performance of the Private Equity portfolio and a positive contribution from Derived Debt" - pretty respectable numbers for a bad year in the markets.

[jonwig] 26/2/2019 20:01

Today's sales add 3.6% to September's adjusted nav. Ignoring forex and any other movements, that means nav is now 176p.

Annual results on 5 March.