Hg Capital Share Discussion Threads

[pip_uk] 04/4/2011 15:15

This is going great guns, sub shares up a treat today.
Worth holding for the long term I think if HGT goes on performing like today.

[damanko] 07/12/2010 13:15

In case that doesn't come out clearly, key figures (for me...):

Share price performance:

5 years + 84.2%

10 years + 248.9%

Not such a bad life for HG Capital long term holders, bearing in mind the dotcom boom & complete bust, 2003 downturn, and the credit crunch/crisis of the past couple of years.

[damanko] 07/12/2010 12:15

From today's RNS:

HgCapital Trust plc

All information is at 30 November 2010 and unaudited.

Performance at month end with net income reinvested

One Three One Three Five Ten
month months year years years years

Net asset value 1.3% 3.4% 12.3% 14.2% 84.9% 186.9%
Share price 1.0% 16.9% 14.5% 25.2% 84.2% 248.9%
FTSE All-Share
Index -2.3% 6.8% 11.5% -2.3% 24.5% 20.7%

[ianbrewster] 15/11/2010 09:16

A nice uplift on the carrying value.

HgCapital has agreed to sell its investment in Pulse Staffing.

HgCapital Trust plc, the listed investment trust which invests in all HgCapital's deals alongside its institutional clients, will immediately realise estimated cash proceeds of £29.8 million.

The total proceeds to the Trust compare to a carrying value of £22.1 million in the Net Asset Value (NAV) of the Trust at 31 October 2010, an uplift of £7.7 million (24.6 pence per share).

Following completion of this and our other recently announced transactions, the estimated NAV of HgCapital Trust plc will be £325.0 million (1,044.9 pence per share basic or 1,029.1 pence per share fully diluted*) and liquid resources are estimated to be £80.0 million (24.6% of the estimated NAV).

[phbatbjco] 04/11/2010 12:39

Thanks Pip - very interesting share this one, I think

[david77] 01/11/2010 14:15

Thanks pip - phbatjco - search for HGTS at the top of this thread.

Level 2 currently 91/95

[pip_uk] 01/11/2010 14:14

Don`t have level 2 sorry.
Just put in the ticker HGTS and you will find info on them.

[phbatbjco] 01/11/2010 14:11

Bit thick here what are the subs? Level 2?

[pip_uk] 01/11/2010 13:55

The HGTS are up by more than 5% today.
The Sub shares are good until 2013.

[david77] 01/11/2010 13:51

pip - please explain

[pip_uk] 01/11/2010 13:21

Subs even better!!!!

[phbatbjco] 01/11/2010 11:52

movin on up very nicely!

[phbatbjco] 28/10/2010 12:59

Seems to have been ticking up nicely recently. Either a reevaluation of their investments and/or has anyone had a look at their board of directors (ages 61,71,69,61,54 and 54)? They are all pretty old and it may well be that the only realistic way forward might be for it to be absorbed - ie taken over - by another fund wanting a decent unquoted investment portfolio. They also have a 13.4% holding in sportingindex.com so what with all the brooha re Betfair this might have given it some impetus. Also holdings in alternative energy companies,and also heavily into healthcare. I picked this stock at random - I wont tell you how!!! - for my current year ISA and it's the best performer!!!!!

[rambutan2] 27/9/2010 22:04

Also Blackstone reportedly taking a look at portfolio company Pulse.

The Ian Armitage webcast on the recent interims is well worth a watch for anyone who missed it...

[phbatbjco] 27/9/2010 21:36

Seems like a good disposal today - got some in an ISA and they seem to be pretty astute atpicking good investments

[topvest] 04/8/2010 07:26

They have a very good record, so hoping this will continue going forwards. I took up some more shares in their fundraising. On a five year basis I expect they will perform well.

[david77] 04/8/2010 07:22

We've got some in ISAs. The share price hasn't gone anywhere for a couple of years but, if you're an optimist, now might be the time for their shareholdings to make some progress. I've got some risky shares - I think that this is a balancing safer investment.

[westcountryboy] 04/8/2010 06:52

Is anyone still here? I was thinking this might be a good time to invest but am a little worried by euro exposure. Also the new purchase seems on a dramatic scale yet has had very little impact on the price, except negative, assuming it has been trailed for the last couple of weeks.

[topvest] 21/2/2010 13:21

Yes, very well placed for the next business cycle.

[manchesterbill] 21/2/2010 13:05

This week's Investors Chronicle carries a positive writeup on HG Capital, and rates it a buy. Cannot download article because you have to pay for it, but IC's bull and bear points for HGT are as follows.

BULL POINTS

■ Cash to invest

■ Concentrated portfolio

■ 2010 could provide more exits

■ Track record

BEAR POINTS

■ Not that geared to recovery

■ Exposure to Euro

[damanko] 18/2/2010 18:33

Fair points, but there is (I reckon.....) more to renewable energy than merely windfarms.

Note that existing shareholders will be granted a bonus issue of subscription shares if the fund raising goes ahead. Which it almost certainly will, HG Capital is often named as the best of the bunch of PEITs., not just by jobsworth journalists, but those in the know.

[david77] 17/2/2010 18:37

"windfarms, which I think (as a complete layman) will turn out to be a waste of money over the longer term."

These sell electricity generated at a premium to that generated by conventional power stations. The number of wind farms is growing - that would only be true if they are profitable. HGT will do their due diligence before investing - they know what they are doing.

[manchesterbill] 17/2/2010 18:17

As a a relative new investor in HGT am interested in what more seasoned HGT followers make of proposed capital raising. HGT has plenty of surplus cash, and it sounds like the shares are not going to be sold at a discount to current price or NAV. Was attracted to HGT by its past investment record, but am rather concerned about its recent enthusiasm for renewable energy projects, such as windfarms, which I fear (as a complete layman) will turn out to be a waste of money over the longer term.

[topvest] 08/6/2009 18:55

Yes, I've bought some today. HG Capital Trust have to be applauded for having over 50% of their assets in cash at this point in the cycle.

[damanko] 07/11/2008 08:44

Yes, and quite a few around like this. The trusts I mentioned in my February 2007 post - I am topping up on. RIT in particular seems to be riding this storm better than most, and may end up in the FOOTSIE 100 as a result. Mad times ...