Jpel Private Equity Share Discussion Threads

[super_sub] 13/1/2021 14:47

Finally got my cash from HSDL today. Only 3 working days late this time.

[skyship] 12/1/2021 16:29

I added a few to my redemption reduced holding @ 1.14c - seems like a few others have been doing likewise.

The discount to the 1.61c October NAV = 29.2%; but the NAV may well be slightly higher as the sale of Butts was done at an 8% premium.

Whether a good thing or not Swania now accounts for c40% of our portfolio - a French consumer goods company with a good brand in Maison Verte:



Much will depend on finding a buyer for Swania...

[ianood] 12/1/2021 16:28

HL yesterday too

[skyship] 12/1/2021 07:45

YouInvest credited my SIPP yesterday

[bscuit] 11/1/2021 23:43

Mine came in to my CSD ISA last week and was credited as cash pending clearance, which happened today.

[super_sub] 11/1/2021 23:28

Nothing from HSDL yet. No surprise there, as I nearly always have to chase them up about these redemptions, when my patience runs out after a few days.
HSDL are useless. I tried to transfer my JPEL holding to Interactive Investor a while back, but they refused to accept them (as they don't allow JPEL dealing).

[skyship] 11/1/2021 11:35

"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 8 January 2021."

Would hope to have my YouInvest SIPP a/c credited today...

[jaws6] 17/12/2020 11:50

but hard to deal in £

[skyship] 17/12/2020 09:14

Great news.

# Sale of our largest asset @ an 8% valn. premium
# A 36% redemption @ 161c
# A 4.25c NAV uplift

[westofengland] 19/11/2020 14:44

I think its a reminder to us all that sometimes its worth paying up to get trades achieved in stocks by real people- although it may have a higher cost, its very worthwhile when you get into a situation like JPEL which is very shareholder focussed and is working hard for us to deliver cash at a great rating. Although sometimes it has taken several days of waiting to get the stock, I am pleased with the work my brokers have carried out.

[westofengland] 19/11/2020 14:44

I think its a reminder to us all that sometimes its worth paying up to get trades achieved in stocks by real people- although it may have a higher cost, its very worthwhile when you get into a situation like JPEL which is very shareholder focussed and is working hard for us to deliver cash at a great rating. Although sometimes it has taken several days of waiting to get the stock, I am pleased with the work my brokers have carried out.

[skyship] 18/11/2020 09:32

Ss - always been notoriously difficult to trade, especially online. Usually have to manually trade & pay the higher commission.

Had been trying to add to my holding for 3weeks from 104c; then just on Friday bought online 4500 shares in 4 trades for my SIPP with YouInvest (AJ Bell). They never showed up under Trades incidentally.

[ianood] 18/11/2020 09:31

Sharpshare - I hold them in a SIPP with Hargreaves. However, it was an "off market" over the telephone trade with me having to agree to several precautions and convincing them that by virtue of my background I understood the risks!

[sharpshare] 18/11/2020 08:26

Anyone know which brokers will trade the stock?
Not currently tradeable on Hargreaves nor Interactive Investors nor Barclays nor IG.

[skyship] 18/11/2020 07:51

That would be nice, but I suspect perhaps 112c...

[tiltonboy] 18/11/2020 07:28

Should be around $1.20 after that news.

[skyship] 18/11/2020 07:19

Very interesting RNS today. Hopefully this results in a sale and then another large redemption.

Certainly the stats suggest JPEL looking very good value @ 107c versus the 161c NAV. MBI incidentally, accounts for 33.7% of the portfolio.

==========================

"Ahead of the forthcoming Annual General Meeting on 25 November 2020 JPEL Private Equity Limited ("JPEL" or the "Company") wishes to provide an update on progress with regard to its realisation strategy. The Company is pleased to update that the Company's Investment Manager, FCF JPEL Management LLC and its affiliates are currently in advanced negotiations on a transaction pursuant to which the Company would dispose of its largest asset, its interest in MBI Holding, Inc ("MBI"), at a price at or around its carrying value (the "Transaction"). The Company expects to be in a position to make a further announcement in due course. It should, however, be noted that negotiations are ongoing and there can be no guarantee that the Transaction will complete on acceptable terms, or at all."

[skyship] 05/11/2020 11:15

Appalling that here we are in November and we still don't have the so-called monthly NAV updates for July, August, September....yet along October!

Just why are the directors accepting this negligence by Fortress - the relatively new managers...

[skyship] 08/10/2020 08:47

An extract from the Chairman's Statement in today's JPEL Annual Report.

Suggests to me that the prolonged decline is overdue a rebound, after all, they are now trading at a 35% NAV discount, so that 3yr horizon surely offers discount closing upside.

=============================================================

"The Manager continues to engage in regular dialogue with the management and
sponsors of its largest underlying positions and has been receiving regular updates on any potential and anticipated impact on underlying portfolio company operations. Based on these conversations and sponsor reports received to date, the Board and Manager believe that the Company has experienced minimal impact from COVID-19 and the current environment continues to be favourable for realisations of well performing private equity assets.

The current portfolio is mature, with a weighted average age of 7.3 years at 30 June 2020. The Board and the Manager anticipate that the majority of the JPEL portfolio will be wound down within the next three years.

[skyship] 15/9/2020 13:30

Still dawdling this one; and management still dawdling with the monthly NAV declarations.

[1westofengland] 24/8/2020 09:33

I have a hunch you are right, Sky. Maybe similar up lift to Dunedin Enterprise.

[skyship] 05/7/2020 09:23

Yes, back in at 108.2c - though only a small allocation

[badtime] 04/7/2020 20:55

So sky back in as the share price has barely recovered the dip?

[spectoacc] 13/3/2020 07:18

Credit where it's due - a disposal, in these markets!