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APAX Apax Global Alpha Limited

134.40
-0.60 (-0.44%)
03 Feb 2025 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  -0.60 -0.44% 134.40 600,750 16:35:07
Bid Price Offer Price High Price Low Price Open Price
134.00 134.20 134.80 132.00 134.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty EUR 70.18M EUR 53.48M EUR 0.1091 12.28 661.71M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 101,032 134.40 GBX

Apax Global Alpha (APAX) Latest News (1)

Apax Global Alpha (APAX) Discussions and Chat

Apax Global Alpha Forums and Chat

Date Time Title Posts
01/2/202517:44::::: APAX GLOBAL ALPHA LTD :::::351

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Apax Global Alpha (APAX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:07134.40101,032135,787.01UT
16:29:57134.07745998.79O
16:21:32134.009961,334.64AT
16:21:32134.00566758.44AT
16:20:38134.072,5003,351.63O

Apax Global Alpha (APAX) Top Chat Posts

Top Posts
Posted at 03/2/2025 08:20 by Apax Global Alpha Daily Update
Apax Global Alpha Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker APAX. The last closing price for Apax Global Alpha was 135p.
Apax Global Alpha currently has 490,158,681 shares in issue. The market capitalisation of Apax Global Alpha is £656,812,633.
Apax Global Alpha has a price to earnings ratio (PE ratio) of 12.28.
This morning APAX shares opened at 134p
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 22/11/2024 07:36 by mister md
The share buybacks don't seem to be having much effect on the shareprice ?
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 17/10/2024 23:36 by lowtrawler
speedsgh, same as yourself. I have it as a diversifier within a balanced portfolio. With the share buybacks, the discount should narrow and an 11p fixed dividend provides a good yield. Personally, I can't fully explain why the share price has been sliding over the past 3 years but am happy to have had the opportunity to buy at current levels.
Posted at 17/10/2024 16:23 by speedsgh
Performance the last 3 years has been disappointing but prior to that performance since listing wasn't bad. I'm inclined to think the share price is nearer the bottom and am therefore happy to stick with them and collect the dividends until their performance & rating have improved.
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’ long-standing backer James Hart. As the former investment director of Witan Investment Trust, Hart admired Apax Partners and took a cornerstone stake when the investment company floated.

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 ‘overhang̵7; weighing on the shares."
Posted at 02/10/2024 11:32 by craigso
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...
Apax Global Alpha share price data is direct from the London Stock Exchange

Apax Global Alpha Frequently Asked Questions (FAQ)

What is the current Apax Global Alpha share price?
The current share price of Apax Global Alpha is 134.40p
How many Apax Global Alpha shares are in issue?
Apax Global Alpha has 490,158,681 shares in issue
What is the market cap of Apax Global Alpha?
The market capitalisation of Apax Global Alpha is GBP 661.71M
What is the 1 year trading range for Apax Global Alpha share price?
Apax Global Alpha has traded in the range of 132.00p to 161.00p during the past year
What is the PE ratio of Apax Global Alpha?
The price to earnings ratio of Apax Global Alpha is 12.28
What is the cash to sales ratio of Apax Global Alpha?
The cash to sales ratio of Apax Global Alpha is 9.36
What is the reporting currency for Apax Global Alpha?
Apax Global Alpha reports financial results in EUR
What is the latest annual turnover for Apax Global Alpha?
The latest annual turnover of Apax Global Alpha is EUR 70.18M
What is the latest annual profit for Apax Global Alpha?
The latest annual profit of Apax Global Alpha is EUR 53.48M
What is the registered address of Apax Global Alpha?
The registered address for Apax Global Alpha is PO BOX 656, EAST WING, TRAFALGAR COURT, LES BANQUES, GUERNSEY, GY1 3PP
What is the Apax Global Alpha website address?
The website address for Apax Global Alpha is www.apaxglobalalpha.com
Which industry sector does Apax Global Alpha operate in?
Apax Global Alpha operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector

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