|Jpel Priv Eqty
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||EPS - Basic
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Jpel Priv Eqty Share Discussion Threads
Showing 351 to 373 of 375 messages
|I wasn't expecting anywhere near this amount, and my first thoughts were that they were double counting the previous Tender Offer.
Admittedly, they are paying out 87% of distributions, but that would mean they have had some good distributions over and above the sales of Innovia and Datamars.|
"JPEL ANNOUNCES SECOND MANDATORY REDEMPTION
-- REDEMPTION DATE 28 APRIL 2017
-- JPEL WILL RETURN $90 MILLION TO SHAREHOLDERS
-- REPRESENTS 18.7% OF US$ EQUITY SHAREHOLDER NET ASSET VALUE AT 31 MarCH 2017
* * *
GUERNSEY, 12 APRIL 2017
The Board of Directors of JPEL Private Equity Limited ("JPEL" or the "Company") is pleased to announce JPEL's second capital distribution in respect of the Company's US$ Equity Share class ("Mandatory Redemption").
JPEL has benefitted from a strong level of realisations from its underlying portfolio during the period 1 November 2016 through 12 April 2017 and the Company has resolved to return a total of $90 million to JPEL US$ Equity Shareholders. The $90 million represents 87.0% of net distributions received. The Company has also paid down all outstanding debt under its revolving credit facility. "|
|Wasn't expecting this quite so soon.......
|Expected to complete at the end of April.|
we talked here in oct last year for this sale , when we talked on HVPE and this sale rumours . We might have to wait for few months on this.|
|Another big payout on it's way:
|Is possible Trump may reverse the $, but can't see much to reverse Sterling, bar a volte-face by T. May.
Sterling undervalued here IMO but more like a few years than a few months to mean-revert.
Bearing in mind currencies are fundamentally uncallable!|
|A reversal in sterling is my major concern...but not enough to consider selling yet.|
|Interesting that the annual perf of JPEL is a respectable c.30% but around c.50% if converted via sterling - quite a difference|
|Jump in NAV. Would this include the Innovia sale uplift? Thoughts? I know sale was after Nov month end but would the value have been marked higher in anticipation?|
|What else would you expect from a Bankster.|
|That's shocking 'service'|
|@spob - just logged in to Selftrade to check & was credited on 23rd December - so you're entirely correct re BARC's ineptitude.|
|" Payments of redemption proceeds are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) on or around 22 December 2016. "|
|Yes had mine from ST a few weeks ago. In process of closing my Barclays a/c (for other reasons) & won't be sorry to see the back of them.|
|Barclays paid the JPEL cash return into my acc today
must be the last of all brokers as usual|
|Following this sale JPEL should have sufficient funds to clear the ZDP payment. This has implications as they will not need to retain 50% of future proceeds. A sale of Datamars was muted a couple of months ago, at 6.6% of the portfolio that would provide a sizeable payout.
There is an updated shareholder presentation on the website which is useful.
This should surely be trading on a single digit discount (if not less). I would guess that the current NAV is $1.50.|
|WOW Tilts - that is sure some conviction - and why not of course!
Personally only at my 10% MAX.|
|That is some uplift; they obviously held it at far lower price than ELTA. Looks like there could still be considerable value in the portfolio.
Think I will be upping my buying price. Already at 3x unit size!|
|Looks as though the Innovia sale should add circa 4.8c to the NAV - See Header for the RNS which eventually arrived after hours today. I fail to understand why JPEL are always so late with everything!|
|BT - I recall you said you don't have so much skin in the game these days, so we don't hear from you quite so often. Anyway, glad to read you have a good allocation here, though as Tilts implies, you could always take on a few more!
A very Happy Christmas to you....and to all on this thread.|
|go on...you know you want to!
It's been a good year for JPEL...and I believe 2017 will continue in the same vein.
Looking forward to further Tenders at a growing NAV.
All the best to all contributors...and badtime ;)|