Harbourvest Global Priva... Share Discussion Threads

[arja] 27/4/2021 17:11

not a bad day although failed to hold day's high point in weaker US markets .

[its the oxman] 27/4/2021 11:40

Would like to think we might get close to 2200p before next nav update.

[arja] 27/4/2021 08:57

am IG have 100% margin on this trust in my CFD account and hence I can not open a position as wished to. But used CMC spreadbet accoung to edge in as it looks like it will soon clear ATH !

[its the oxman] 24/4/2021 20:24

Lack of divs has not stopped discount closing before on occassions. Think market will catch on here especially if we get a few up days.

[arja] 24/4/2021 15:42

this comment might be relevant and reason for the large discount to NAV .


Like NBPE, HVPE also reported good gains from its £2bn portfolio of Harbourvest funds, with the NAV rising 9.1% in March, although the share price did not follow suit. JPMorgan Cazenove analyst Christopher Brown described the wide discount as ‘excellent value’. Numis was also positive but said the drawbacks of the fund were a lack of dividends and policy to control the discount.

[its the oxman] 22/4/2021 11:15

Starting to move 2025p bid, still quite a bit of catch up required.

[its the oxman] 21/4/2021 08:44

Added this morning 1990p

[its the oxman] 21/4/2021 08:19

Discount back to c.20% , way too high imho, and 14% still valued as of 14th Sep last year. Should be much much closer to nav though may need a few wider market up days for any catch up to occur.

[rambutan2] 21/4/2021 04:28

Those Dec valuations kick in:

20 April 2021

HVPE ESTIMATED NAV PER SHARE INCREASES 9.1% IN MARCH

HarbourVest Global Private Equity Limited ("HVPE" or the "Company"), a closed-end investment company, today announces its estimated Net Asset Value ("NAV") at 31 March 2021.

At 31 March 2021, HVPE's estimated NAV per share was $35.38 (GBP25.67), compared to the 28 February 2021 estimate of $32.44 (GBP23.28) - an increase of 9.1% in US dollar terms.

This figure is now based largely on 31 December 2020 underlying valuations. These have driven a particularly strong gain since the previous report, which was still based primarily on 30 September 2020 underlying valuations. The valuation breakdown of the HVPE portfolio as reported here is as follows: 14% actual 31 March 2021 (representing the public companies in the portfolio); 72% actual 31 December 2020; and 14% actual 30 September 2020. Consistent with previous estimated NAV reports, valuations are also adjusted for foreign exchange movements, cashflows, and any known material events to 31 March 2021.

This announcement has been made in line with the Board's stated disclosure policy in respect of material changes in the valuation of the underlying portfolio.

Further details will be disclosed in the monthly update for 31 March 2021 due to be published on Tuesday 27 April 2021.

[its the oxman] 19/4/2021 09:43

Beleive it is a valid point, the discount applied to the likes of hvpe and icgt is unwarranted given returns are so impressive v the market over many years. Happy to hold regardless but also fhink discount has potential to narrow or close if delivery continues.

[rambutan2] 19/4/2021 03:20

Re post 141, below is the latest nav make up. The March one, which is due this week, will see the bulk of the Sept percentage move to Dec

"The valuation breakdown of the HVPE portfolio as reported here is as follows: 15% actual 28 February 2021 (representing the public companies in the portfolio); 6% actual 31 December 2020; and 79% actual 30 September 2020. Consistent with previous estimated NAV reports, valuations are also adjusted for foreign exchange movements, cashflows, and any known material events to 28 February 2021."

[its the oxman] 18/4/2021 23:13

https://www.ftadviser.com/investments/2021/04/12/is-private-equity-in-for-a-rerating/Worth a read, also on hvpe website I believe.

[its the oxman] 16/4/2021 09:37

Next nav update should be interesting with large part of portfolio to be revalued from end Sep I think.

[arja] 12/4/2021 06:48

bathcoup,
sorry . I meant to say NAV as NTA is as you say in accountancy terms . NOR just means "no overhead resistance" in charting terms . apologies for not responding earlier .

[bathcoup] 15/3/2021 22:51

arja - what is "NOR situation"? Is NTA net tangible assets?

[arja] 15/3/2021 15:59

nice looking chart and NOR situation but always a concern when a trust only reports NTA once a month .

[deadly] 17/12/2020 13:48

getting a move on now, up 7% today.

RNS:
At 30 November 2020, HVPE's estimated NAV per share was $31.26 (GBP23.46), compared to the 31 October 2020 estimate of $28.60 (GBP22.09) - an increase of 9.3% in US dollar terms

[rambutan2] 30/11/2020 02:37

And the presentation:

[deadly] 27/11/2020 10:02

Thanks. Results look as usual very good especially in this environment. Over 20% discount is bargain.

[macc1] 27/11/2020 09:21

Morning all,

Here's a quick fly-through of their results:

[sharesoc] 17/11/2020 12:18

The presentation packs and recording from our webinar with Harbourvest can be found here for full members to view:

To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/

[sharesoc] 25/10/2020 12:03

Potential investors and current shareholders may be interested in our webinar with Harbourvest on Thursday!

[sharesoc] 18/10/2020 17:34

Calling investors and potential shareholders! ShareSoc Webinar with HarbourVest (HVPE) - 29 October 2020.

[deadly] 23/9/2020 09:20

Dated 22 Sept:

At 31 August 2020, HVPE's estimated NAV per share was $28.45 (GBP21.28), compared to the 31 July 2020 estimate of $26.26 (GBP20.07) - an increase of 8.3% in US dollar terms.

This figure is now based largely on 30 June 2020 underlying valuations. These have driven a particularly strong gain since the previous report, which was still based primarily on 31 March 2020 underlying valuations. The valuation breakdown of the HVPE portfolio as reported here is as follows: 11% actual 31 August 2020 (representing the public companies in the portfolio); 84% actual 30 June 2020; and 5% actual 31 March 2020. Consistent with previous estimated NAV reports, valuations are also adjusted for foreign exchange movements, cashflows, and any known material events to 31 August 2020.

[sharesoc] 12/7/2020 15:25

The HVPE Stockopedia report and presentation from our recent company webinar can be found in our members area here:

To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/