Henderson Pr Share Discussion Threads

[envirovision] 30/4/2012 10:10

Clearly someone wanting out at this stage.

[jaws6] 30/4/2012 10:09

RNS correction out

[stevenlondon3] 30/4/2012 09:44

You can buy stock currently at 312.81p.

[rambutan2] 28/4/2012 00:57

re Notemachine...

[badtime] 27/4/2012 21:42

Thorough reporting though and good mention of neg/pos ...no harm in reminding people of potential downside and at this moment in time a cushion to those risks.

Sky maybe stick at 8% :)

[spectoacc] 27/4/2012 19:43

Yes, mildly negative but hardly unexpected - March's presentation hinted as much, as noted above. The manager sees greater value from running certain of the holdings to redemption. I'd hoped/expected HPEQ to be mostly done/dusted before the end of the year but a few extra months now.

Was a great deal of commentary about the increasing concentration of the portfolio (as noted previously) and the relative weight of a single vehicle (Rutland I), and within that, a single investment (Notemachine). But it's been responsible for NAV uplifts rather than being a drag, and that during a time of market turmoil, rally, then renewed turmoil. HPEQ's NAV's been very steady overall.

When the next distribution's announced "in the next few months", we could end up even more concentrated, though at least we'll be even closer to redemption.

[eeza] 27/4/2012 16:26

Rns - Final results.

Disposals to continue into 2013.

[skyship] 27/4/2012 14:45

GARY - answered on the JDT thread...

[gary1966] 27/4/2012 13:43

Excuse what may seem an obvious question, but what will the distributions be in the form of as they wind down the fund? Dividends?

[skyship] 21/4/2012 10:00

Badtime - quite right - still don't know why I didn't go straight to a 10% allocation/?~#!

[badtime] 21/4/2012 09:56

so thts another 2% u can go for sky :)

[skyship] 20/4/2012 18:47

Yes, he was a bit awry with his dates initially, but what he said for 2012 was on more certain ground and doubly good news. He must know darned well what he might be looking for from the Rutland & August funds...

380p would be fantastic; that would provide 21% upside in a year. Anything North of 12% would be fine in my book; but I'm certainly confident of 15%+...

[spectoacc] 20/4/2012 16:51

Is a good interview, though have to ignore a few of the dubious dates! Eg says "sticking to 2yr timetable" (ie to Sept 2012), then says "..Over the next 9 months", which takes us to end-Dec 2012. Is pretty convincing about the "one more distribution", before saying 2 more, the first at the half year.

Not sure who the big seller is but have been able to buy at a few p above bid for a while (and not sell anything in size). Irrelevant to me, the NAV is 405, and we're getting most of that (less incentive) back before the end of the year, whether in one payment or two, by Sept or end of Dec. (c.380p would be my guess atm).

[skyship] 20/4/2012 15:25

Alan - thnx for the above link - an excellent find and massively reassuring regarding both price and timescale. My top-up takes me once again back up to just over an 8% allocation.

Incidentally, I know you won't mind so I've repeated yr post across on the PE thread - with due acknowledgement of course!

[skyship] 20/4/2012 15:17

WOW! Topped up at just under 313p - very happy with that price...

[alanji] 20/4/2012 14:26

As already mentioned, the price has drifted a bit from its January high of 319 despite the nav increasing slightly to 401.3 and the disposal of another 2 holdings since the year end.
There is a very encouraging and upbeat video dated 2 March from the manager and he indicates that realisations should be largely completed by the end of the year and two further distributions made this year, the first around the middle of the year. The March commentary expects further sales activity during the first half of 2012.

There may be some further news with the finals due later this month (28th last year).

At 315 the shares are at a discount of over 20% and would provide a return of over 25% if the nav is achieved. Knocking 10% off the current nav would still provide an attractive 14% return - hopefully mostly this year.

[jaws6] 18/4/2012 16:19

funny, not on their web this news yet as said in RNS

[skyship] 06/4/2012 18:05

I expect a near-term breakout from the prolonged plateau, possibly next week the last chance to add some cheap stock.

At 319p the GRY to a 31/12/12 redemption at a 10% NAV discount would be between 14%-18% depending on a further allowance for the manager's fee - or not!

[spectoacc] 06/4/2012 12:40

Thanks, missed that - looking good. Has felt like a large seller in the background lately - possibly an end-of-tax-year thing. But does nothing to alter HPEQ's fundamental appeal, with every day taking us closer to final redemption (albeit that the date's not fixed).

[skyship] 05/4/2012 17:21

5 April 2012

Henderson Private Equity Investment Trust plc (the `Company')

The Company announces that the unaudited net asset value per ordinary share at
31 March 2012 (including revenue items since 1 January 2011) is 401.3114p.

The unaudited net asset value per ordinary share at 31 March 2012 (calculated
excluding revenue items since 1 January 2011) is 405.0913p.

[jaws6] 05/4/2012 16:52

RNS on NAv after close

[spectoacc] 29/3/2012 07:56

Agreed, tho only a penny or two. Been lack of news for a while I guess, haven't seen anything to make me think they're anything other than on track.

[badtime] 28/3/2012 20:03

Surprised this is drifting