Share Name Share Symbol Market Type Share ISIN Share Description
British Empire Trust LSE:BTEM London Ordinary Share GB0001335081 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 749.00p 749.00p 750.00p 751.00p 747.00p 747.00p 80,421 16:28:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 12.9 10.4 71.7 923.95

British Empire Trust Share Discussion Threads

Showing 151 to 174 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/5/2018
08:32
Great, thanks Dave.
stun12
10/5/2018
12:30
Thanks Dave. I love their investor reports. Really readable. I couldn't get the Citywire one to show without registering but I thought BTEM's name was one of its most appealing features :-)
stun12
10/5/2018
12:22
hTTp://citywire.co.uk/investment-trust-insider/news/ian-cowie-british-empire-bad-name-but-great-global-value/a1118037?re=54992&ea=252901&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly
davebowler
10/5/2018
11:25
HTtps://www.british-empire.co.uk/content/uploads/2018/05/British-Empire-2018-APR.pdf Never seen 'Rodents falling from the ceiling' mentioned in an investment report before!
davebowler
08/5/2018
14:15
hTTp://citywire.co.uk/investment-trust-insider/news/british-empire-presses-oakley-capital-to-move-from-bermuda/a1116464?re=54993&ea=252901&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&;utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly
davebowler
30/4/2018
16:44
HTtp://citywire.co.uk/investment-trust-insider/news/british-empire-bags-oakley-capital-stake-as-ruffer-retreats/a1115319?re=54667&ea=252901&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly
davebowler
01/3/2018
10:04
And another top 10 holding taking measures, Thirdpoint: http://uk.advfn.com/stock-market/london/third-poi-TPOU/share-news/Third-Point-Offshore-Investors-Ltd-Corporate-Upd/76834707
rambutan2
01/3/2018
08:51
hTTps://www.british-empire.co.uk/content/uploads/2018/02/British-Empire-2018-JAN.pdf
davebowler
01/3/2018
08:35
One of BTEM's holdings- Liberum Pershing Square Holdings (Mkt Cap £2,251m) Up to $300m tender offer directly by the company Event The Board of Directors of Pershing Square Holdings (PSH) intends that PSH should conduct a tender offer to purchase up to an aggregate amount of $300m of its publicly traded shares (Tender). PSH anticipates that the Tender would be structured as a Dutch auction which is priced at a discount to PSH’s prevailing NAV per share. This is after PSCM Acquisition (PSCMAC) withdraw its previously proposed tender offer due to the Dutch Authority for Financial Markets interpretation of certain applicable rules regarding the proposed tender offer, which, in PSCMAC’s view, make the tender offer not feasible. The Tender will be subject to applicable shareholder approvals, including a vote to remove the current 4.99% shareholder ownership limit, which will be sought at PSH's upcoming AGM on 24 April 2018. It is expected that the Tender would be launched shortly following the AGM and would be financed from PSH's cash on hand. PSH is trading at a 19.7% discount to its 20 February 2018 NAV per share.
davebowler
06/2/2018
17:38
Interesting - over the past two weeks to yesterday 5th Feb: # The FTSE fell 5.1% from 7732 to 7335 # BTEM share price fell 3.9% from 748p to 719p # BTEM NAV fell just 2.8% from 840p to 816p Yet the share price was hammered back to 688p first thing - so pleased to buy back in having sold out @ 746p at the start of that fall.
skyship
09/1/2018
08:12
5th Jan'18: NAV (Debt at par value) - 836.90p. Sp 747p - 10.7% discount.
skyship
05/1/2018
14:28
NAV @ 830.96p & a nice move up as the share price rises to 743p - a 10.6% discount - still in double figures!
skyship
04/1/2018
17:06
NAV @ 821.30p & a nice move up as the share price closes +12p @ 736-738p - a 10.2% discount
skyship
30/12/2017
11:44
Personally I work with the "Debt at par value" rather than the mark-to-market "Debt at market value" as surely it is only really the former which will apply. Added again yesterday @ 723p...
skyship
30/12/2017
10:24
Yes, compared to WTR a similar Investment Trust which is trading at a 5% discount to NAV, this is a bargain.
davebowler
30/12/2017
10:22
28 Dec Net Asset Value -- Debt at market value: 806.67 pence
davebowler
21/12/2017
14:35
Creeping ahead again; but still available at a 10.8% discount whereas surely performance deserves closer to 5% - ie an share price of c770p!
skyship
20/12/2017
16:59
Net Asset Value -- Debt at par value: 812.94 pence
skyship
19/12/2017
16:39
Interestingly it shows the look through P/E of BTEM's portfolio as averaging about 10x
davebowler
19/12/2017
14:14
Its at the end of the article..........these include the likes of Aberdeen Emerging Markets, JPMorgan European Income, and British Empire Trust and Standard Life Equity Income – with a breakdown of each trust’s credentials shown in the table above.
davebowler
19/12/2017
14:12
DB - thnx, but not immediately obvious where the mention might be...
skyship
19/12/2017
13:40
Honourable mention here -HTtps://www.trustnet.com/news/772072/fe-professional-investors-last-value-opportunity
davebowler
18/12/2017
16:52
I wonder if somebody would like to do a similar thing to another of BTEM's large PE holdings...JPEL. A nice clean exit at a modest premium to NAV would be welcomed here!
tiltonboy
18/12/2017
16:39
18 December 2017 Aberdeen Private Equity Fund Limited (the "Company") Strategic Update Following consultation with the Company's largest shareholders and an extensive process to identify potential purchasers, the Board announces that the Company has entered into a Sale and Purchase Agreement (the "SPA") to sell its entire investment portfolio at a modest premium to its 31 October 2017 valuation, net of associated sale costs. Background In the course of engagement with the Company's shareholders following the AGM in September, it has become clear that a substantial majority, representing approximately 69% of the issued share capital, no longer wish to remain invested. The Board understands that the reasons include variously a change in certain shareholders' investment objectives, the discount to net asset value at which the Company's shares have traded, the Company's size and limited liquidity. In order to meet the aspirations of shareholders who wish to realise their shares at the best possible price, the Board commissioned Campbell Lutyens, a specialist in the restructuring of private equity portfolios, to ascertain potential secondary market interest for the Company's investment portfolio. Pursuant to that process, proposals were received from a number of interested parties and it was determined that the highest bid was the most attractive option. Investment portfolio sale and return of capital The proposed sale is subject to a number of conditions contained within the SPA, including, but not limited to, shareholders approving a change in the Company's investment policy to that of a divestment policy to enable a sale of the entire portfolio to be made. Under the SPA, Aberdeen Standard Investments will enter into a new investment management agreement with the purchaser to manage a portion of the portfolio, which includes the Company's co-investment assets. It is intended that following completion of the sale and the capital return to shareholders, the Company will be placed in liquidation. It is expected that the bulk, if not all, of the proceeds from the sale will be received in one tranche on or soon after 31 March 2018, and it is the Board's intention to return capital to shareholders as and when proceeds are received. It is estimated currently that the total return to shareholders will be close to net asset value as at 31 October 2017, however the proceeds received from the purchaser and the final shareholder return will be subject to various factors including, but not limited to, foreign exchange fluctuations and liquidation costs. The Company will issue a circular in early 2018 to convene an extraordinary general meeting ("EGM") to approve, inter alia, the change of investment policy, the mechanism for shareholder returns and to provide further details, including the expected timescale for the return of capital to shareholders. Shareholders representing 69 per cent. of the Company have given irrevocable undertakings to vote in favour of the resolutions at the EGM. For further information, please contact: William Hemmings Aberdeen Fund Managers Limited
davebowler
Chat Pages: 7  6  5  4  3  2  1
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