Jpel Private Equity Share Discussion Threads

[tiltonboy] 16/11/2017 08:48

It looks like we might get another wedge back:

hxxps://www.pehub.com/2017/11/mts-health-exits/

[budsman] 27/10/2017 10:21

September NAV is unchanged. Perhaps unsurprising after the great performance in
August.

[skyship] 11/10/2017 07:30

Tilts - confirmation today:
===========================

Berkshire Partners Acquires Accela:

-- ACCELA WAS JPEL'S 3(rd) LARGEST INVESTMENT AT 30 JUNE 2017
-- JPEL RECEIVED PROCEEDS OF APPROXIMATELY USD 29 MILLION

[tiltonboy] 04/10/2017 18:14

Not announced yet, but this is almost certainly the holding that was marked up to Estimated Sale Value:

hxxps://www.pehub.com/2017/10/berkshire-partners-buys-accela/#

[skyship] 26/9/2017 14:02

Well, August certainly delivered an extraordinary result - NAV UP 10%!!!



Added a few @ $1.30...

[skyship] 07/9/2017 11:57

Specto - I agree JPEL has been a great investment; but I just don't understand why their NAV should have flat-lined this year!

[tiltonboy] 07/9/2017 08:02

Time for another disposal...

[spectoacc] 07/9/2017 07:53

I know there's a fair bit of £ weakness behind it, but JPEL has just been fabulous.

[skyship] 07/9/2017 07:50

JPEL continues its pretty poor performance:

# NAV Dec'16 - 151c
# NAV Jul'17 - 151c

[skyship] 17/7/2017 12:20

Thanks to davebowler for posting this link over on the BTEM thread. Of interest to we here on the JPEL thread:

[bscuit] 04/5/2017 14:48

Brokers further error.... with change in ISIN they overquoted cash element by a huge amount so it was only £1050 net of cancelled share purchase price. Oh dear!

[bscuit] 03/5/2017 10:20

On checking with broker cash not due till 09.05.

[bscuit] 02/5/2017 18:44

I bought £5K worth in Feb 15 and now have 78% of the holding with an uplift of 70% and £cash of £11,000 in addition to price returned. Ok I know the exchange rate has worked in my favour $1.52 to $1.29 ,but that's still a great result and tax-free in my ISA.

[tiltonboy] 12/4/2017 07:59

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.

[spectoacc] 12/4/2017 07:32

Reads well:

"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. "

[langland] 12/4/2017 07:30

Wasn't expecting this quite so soon.......

[tiltonboy] 16/3/2017 19:29

Expected to complete at the end of April.

[jaws6] 16/3/2017 19:04

tilton
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.

[tiltonboy] 16/3/2017 18:30

Another big payout on it's way:

[spectoacc] 10/1/2017 19:52

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!

[tiltonboy] 10/1/2017 17:04

A reversal in sterling is my major concern...but not enough to consider selling yet.

[luckymouse] 10/1/2017 16:56

Interesting that the annual perf of JPEL is a respectable c.30% but around c.50% if converted via sterling - quite a difference

[langland] 10/1/2017 09:12

Thank you.

[langland] 10/1/2017 08:20

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?