Share Name Share Symbol Market Type Share ISIN Share Description
Electra Private Equity Plc LSE:ELTA London Ordinary Share GB0003085445 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 0.26% 390.00 152,022 16:35:28
Bid Price Offer Price High Price Low Price Open Price
381.00 399.00 400.00 380.00 386.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.70 -1.80 -5.00 149
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:56 O 5,540 387.5448 GBX

Electra Private Equity (ELTA) Latest News

More Electra Private Equity News
Electra Private Equity Investors    Electra Private Equity Takeover Rumours

Electra Private Equity (ELTA) Discussions and Chat

Electra Private Equity (ELTA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-16 16:10:49387.545,54021,469.98O
2021-04-16 16:06:46394.005,00019,700.00O
2021-04-16 15:57:45380.005,00019,000.00O
2021-04-16 15:50:41394.005,00019,700.00O
2021-04-16 15:29:56381.00120457.20AT
View all Electra Private Equity trades in real-time

Electra Private Equity (ELTA) Top Chat Posts

Electra Private Equity Daily Update: Electra Private Equity Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker ELTA. The last closing price for Electra Private Equity was 389p.
Electra Private Equity Plc has a 4 week average price of 354p and a 12 week average price of 267.50p.
The 1 year high share price is 400p while the 1 year low share price is currently 125p.
There are currently 38,282,763 shares in issue and the average daily traded volume is 22,175 shares. The market capitalisation of Electra Private Equity Plc is £149,302,775.70.
plasybryn: Ex dividend 24th December. Paid 24th January. Nice tasty yield. 31p per share
leading: Following sums are based on the offer price shown this morning of 848 (though it has subsequently changed to 838). There appear to be 38,282,763 shares in issue giving a market cap on the above offer basis of £324.6m. This is a discount to projected net assets after pending disposals (£403m) of 24.1%. After the returns of capital scheduled for Dec 18 of £140m and Mar 19 of £21m the company will have net assets (other things being equal) of £242m. A shareholder buying today for 848p will have received returns of 366p and 55p, so his shares will then have an effective cost of 427p. £242m divided by 38,282,763 gives net assets of £6.32 per share, so if the planned transactions are delivered as anticipated, the discount is then 32.4% As the company is liquidating its assets there is a good chance of this discount unwinding. Management has committed to paying dividends of £10m pa after the current disposals which is a yield of 6.1% on the cost after capital returns of 427p. All in all, this looks an attractive proposition to me, provided shares are purchased in a tax exempt wrapper (ISA or SIPP). The company is distributing by way of dividends so this is important. There may be selling pressure from non-exempt holders depressing the price at present. The residual portfolio will I think have an enterprise value of £279m (net assets - cash plus debt) and EBITDA (from TGI & Hotter) of £31m so EV to EBITDA of 9. Risks: The proposed sale transactions may not complete, conditions on the high street may deteriorate further. I have bought into these in the last few days.
zangdook: They still don't appreciate the distinction between "return of capital" and "dividend". I sold out of ELTA, I don't trust them as they're clearly not acting in the interest of small shareholders.
rambutan2: Am very much not a fan, but for the record: Chairman's Statement During the period the Company continued to pursue its investment strategy through its shareholding in Electra Private Equity PLC ("Electra"). At 31 December 2017, the net asset value attributable to shareholders of the Company was GBP82.4 million (2016: GBP487.5 million) or 26.20 pence per share (2016: 154.99 pence per share) (see note 12). The Company's net asset value was based on the closing price of 935.5 pence as at 31 December 2017 for the shares of Electra. As at the year-end SIGB, LP held approximately 29.90% of Electra through ordinary shares. The ownership level remains the same as at the date of this letter. Electra has realised a significant number of its investments during the past 24 months, resulting in the accumulation of excess cash balances. Electra distributed GBP1.7 billion of this excess to shareholders through dividends in May, July, and December 2017. Following receipt of the distributions from Electra, the Company paid three dividends to its shareholders totalling 143.5 pence per share. I am pleased to report that these three dividends returned GBP451 million to shareholders during 2017. On 1 June 2017, Electra's internal executive management assumed responsibilities from the former outsourced investment manager. Phase II of Electra's Strategic Review commenced at this date and was announced in October 2017. Electra announced that it would no longer participate in private equity. Going forward, the company would institute an optimised capital allocation policy measuring prospective returns on shareholders' capital versus returns of capital to shareholders. On 7 December 2017, Electra announced its fiscal 2017 results noting that its 30 September 2017 net asset value per share was 1,074 pence per share, after the payment of the dividend on 1 December. Cash and assets sold but not yet closed represented 30% of net asset value. Electra also noted that, before the deduction of marketability discounts, the comparable net asset value was 1,683 pence per share. During the year the Company repaid the remaining GBP20 million outstanding principal balance on the revolving loan facility with HSBC Bank plc (the "Facility"). Subsequently the Company cancelled the Facility and as a result has no borrowings. Pursuant to its existing authority, the Investment Manager may sell, short or otherwise dispose of all or a part of such shares held in Electra or purchase additional securities at any time. Details of Related Party Transactions are contained in Note 15 of the Notes to the Condensed Consolidated Financial Statements. We are grateful for your continued support and will keep you informed of the status of our investment as it develops.
horndean eagle: fwiw i imagine photobox in at a pretty conservative amount so should lead to marked uplift. TGI trickier as de-rating across sector likely to kill off much buying interest for time being. Still ELTA have track record for being conservative on valuations so hopefully room for maneuver
zangdook: I wonder if there's something going on in the background to make the price start to recover. It almost looks like a shallow bowl formation.
stewart64: Mega Dividend hit share accounts this morning, thought some of this might be reinvested forcing up the price...apparently not. This is one of the few investment trusts trading at below NAV, the reason is that paying back capital in dividends is playing havoc with personal tax and new investors are giving it a miss lest they keep this up. Share had been punished by about 8% this summer dividend adjusted.
kingmidas2: Were you so lucky? Yet another special dividend (ex on 8th June). 914p per share.
topvest: I see that Citywire has published an article stating that private investors are really unhappy. The company is run by a short-term bunch of greedy individuals in my view. Electra were paid very handsomely, but they were bloody good. I have zero confidence that the new Board can return anything like the 12% per annum over 20 years secured by Electra. No chance! Must be one of the few shares to announce such a capital return and the share price go down. The Board does not have private investors in mind at all.
a1samu: £60 per share valued by Sherborne! Investors would be stupid to vote against the proposed changes! At least Sherborne show vision, worthwhile to go along with!
Electra Private Equity share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Electra Pr..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210417 15:27:22