Share Name Share Symbol Market Type Share ISIN Share Description
F&C Private Equity Trust LSE:FPEO London Ordinary Share GB0030738271 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +3.50p +1.04% 341.00p 341.00p 346.00p 346.00p 340.00p 340.00p 66,144 16:20:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.4 -0.3 -0.4 - 252.14

F&C Private Equity Share Discussion Threads

Showing 151 to 174 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
07/7/2017
10:39
And back over 350p, so it was only a "correction" then, and nothing more sinister. [edit] I spoke too soon and jinxed it! The F&C people seem to have put a lot of update videos on their investment trusts' websites, most are dated end of May. Technically they are uploaded on Youtube and the link for the FPEO one is: Https://www.youtube.com/watch?v=zJ82ohC4nYw FPEO website: Http://www.fandc.com/fandc-private-equity-trust/
vacendak
06/6/2017
12:20
3i still at highs and still at a premium that makes FPEO look very cheap :)
spectoacc
06/6/2017
12:12
@Skyship Yep, just checked your PE thread and FPEO is not alone indeed. Technically this is happening a few days before my monthly drip-feed, so not really complaining...
vacendak
06/6/2017
11:34
Yes, a shakeout across many in the sector; but then all others weren't as overpriced as FPEO which had risen to a premium to its underlying NAV level of 351p!
skyship
06/6/2017
09:32
Oops, some serious correction today.
vacendak
25/5/2017
11:55
1st quarter results: https://uk.advfn.com/stock-market/london/f-c-private-equity-FPEO/share-news/F-C-Private-Equity-Trust-PLC-1st-Quarter-Results/74694363 The NAV has grown by 0.01p over the quarter or "virtually unchanged" as expressed in the report. So the recent enthusiasm is unlikely to have been about valuation. Serious cash on hand still and very positive report overall.
vacendak
20/5/2017
12:55
I started investing in these via a monthly Childrens saving scheme, when they were small, for each of my daughters to help pay for University when the time came, I was fortunate (and so were they) that we did not need to touch those pots, so onwards and upwards. Now house buying is on the horizon, today one of my daughters has sold part of her holding yielding a very nice return. An absolute illustration of the power of regular drip feeding into an investment that year on year gets it right. Regrets? why the hell did I not do the same in my pension?
chrisgail
17/5/2017
08:37
@v - even worse for me, I was a bull of them & must have sold out of the last 40p ago! I still say they're a quality operator - put some of the other p/e managements (DNE for eg) to shame.
spectoacc
16/5/2017
20:48
I put only a few groats in FPEO last year to taste the waters with PE. Had I known, I would have sold my first born into slavery at Sports Direct and invested the proceeds! Already beyond 360p.
vacendak
02/5/2017
10:50
@Tudes100 True... but if the jump was only due to going ex-divi soon, that would be an expensive 6.5p! :) Like Cerrito, I got to read the AR that dropped through my mail slot recently. Sure, there was the big hitter with SkyScanner, but overall, it is indeed well diversified, they collect half a million here, a couple of mils there, so it adds up quite nicely in the end. Most of the report mentions them doing their homework when they choose the funds in which they invest, the results speak for themselves; and the AR does not even include the latest activity and share price going up. They are also seriously diversified globally. FPEO has negative gearing right now (lot of cash in hand), but they said they are actively looking at spending that cash before it burns their pockets. Their aim is to achieve a modest amount of gearing too; but they have difficulties finding targets to acquire/invest in. I guess, this is the "dry powder" which is often mentioned in the various articles about the PE sector these days.
vacendak
02/5/2017
02:04
don't forget its going ex-div for 6.5p this week
tudes100
01/5/2017
10:29
As with you all, surprised at the increase in the share price SpectoAcc thanks for pointing out that 3I(who I do not follow as I sold out some years back far too early) trades at a serious premium. I have long wondered why FPEO with its stable shareholder base, well structured balance sheet and reasonable liquidity in its shares has traded at such a big discount; given the difficulty of valuing the assets some discount is warranted but as you point out vacendek sometimes the asset valuations are under valued. I have been through the AR no change in the Principal Risks which is what I would expect; no real change in major shareholders or their holdings for at least the third year running; checked the FX exposures…basically the principal FX exposure is the Euro with the £ equivalent of £103m of Euro assets are partially offset by the Euro 30m loan and a 5% movement in the £ has a £6m effect on the balance sheet. Will need to consult with my pillow as to if I sell some tomorrow.
cerrito
28/4/2017
09:28
One thing I have noticed is that if you can find the right PE fund, then they tend to get momentum going, with the assets continually being revalued upwards.
rcturner2
28/4/2017
08:35
I know that NAV in PE is at times difficult to estimate and can lead to some nice surprises when they realise they hold things far more valuable than first thought; but even considering the graph actually starts at 220 - always be wary of the scale! - it is still about 13+% up since end of March and still going strong at today's opening.
vacendak
21/4/2017
15:14
Hell of a performance - including since I sold at about 3.14! But as I've pointed out above - FPEO a quality player, and a much bigger quality player, iii, trades at a serious premium. So who knows from here..
spectoacc
21/4/2017
13:05
FPEO has been on a roll since it broke through 300p. Not sure what is fuelling the frenzy over the past few days.
vacendak
06/4/2017
15:11
Have sold out for the time being, mainly for tax reasons (realising some gains early).
spectoacc
24/3/2017
17:22
Good to see increase in last quarter of NAV from 324.75p to 350.98p. As they say realization in Q4 at £31m a record high for a quarter thanks to Skyscanner but the £18m in Q3 good going as well. I note their comment that there is still value in their hunting ground of the lower mid market but given the general market conditions and the liquidity of the balance sheet one does ask oneself if they should not return capital-something for the AGM. All in all today’s share price increase understandable
cerrito
24/3/2017
10:17
And up by 5.9% right now.
vacendak
24/3/2017
07:33
A very bullish RNS, talking about moving towards a geared position. Backward-looking in that it's to 31st Dec but: "Chairman's Statement I am pleased to report that your Company has achieved a very strong performance during the year ended 31 December 2016. Its net assets at the year-end were GBP259.5 million giving a net asset value ('NAV') per Ordinary Share of 350.98p. Taking into account dividends paid during the year which total 11.95p, the NAV total return was 23.0 per cent. This compares to a total return from the FTSE All-Share Index for the year of 16.8 per cent. The Ordinary Share price total return for the year was 27.8 per cent and the share price at the year-end was 295.50p, representing a discount to the NAV of 15.8 per cent. "
spectoacc
21/2/2017
12:03
@v - like you, I've seen little news on them of late. Been persistently strong tho, & looking at 3i's premium, I've never seen why FPEO shouldn't trade closer to NAV (albeit not at a monster premium like iii). May just reflect a general tightening of p/e discounts, with the strongest and best trusts tightening by the most.
spectoacc
21/2/2017
11:11
Any idea why FPEO is doing so well of late? I have tried googling some news recently but not much. The RNS are also few and far between.
vacendak
13/2/2017
10:30
After three months of small oscillations creeping slightly upward; we are now above 300p... Yipee!
vacendak
25/11/2016
07:24
Thanks @rambutan2
spectoacc
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