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JPEL Jpel Private Equity Limited

0.79
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Jpel Private Equity Limited JPEL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.79 08:00:00
Open Price Low Price High Price Close Price Previous Close
0.79 0.79 0.79 0.79 0.79
more quote information »

Jpel Private Equity JPEL Dividends History

No dividends issued between 04 Dec 2014 and 04 Dec 2024

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Posted at 17/12/2022 14:04 by skyship
Well, with all that Twitter guff being from May, I suspect JPEL would have amended the valuation well before now if there were any involvement or concern.
Posted at 26/10/2022 13:52 by skyship
"...with effect from the commencement of the financial year starting 1 July 2022, the Company will change its reporting frequency from monthly reporting to quarterly reporting and will only publish a net asset value and report to shareholders on a quarterly basis."

So, the Q3'22 NAV should be reported soon; though soon in JPEL parlance is a bit of a misnomer. Could be mid/end November!
Posted at 13/7/2022 10:40 by skyship
A good move up in the NAV:
==========================

JPEL Private Equity Limited ("JPEL" or the "Company") has released the Company's Net Asset Value and Month End Review for the period ending 31 May 2022.

Please find detailed below the estimated net asset value per share for JPEL Private Equity Limited as at 31 May 2022:

Ordinary Share Class - $1.97
Posted at 06/5/2022 07:42 by skyship
apple - I've checked back and found that Almitas held 5.5m shares on 1st Apr'21. If they had redeemed all possible in the 9th Mandatory Redemption (51.5%) & again in the 10th (24.3%), then they would be left with 2.02m shares. So to now hold 2.915m they have clearly been buyers.

Of more interest was Tuesday's strategic update:



A continued run-off is fine by me. Perhaps over the next 18months another 40% of redemptions at an NAV of perhaps $1.80; then a decision over what to do with any balance.

I rounded my holding back up a few days ago - no trade showed - not for the first time!
Posted at 05/5/2022 21:13 by apple53
Sorry Skyship I know nothing.
But this did remind me to mention that I am still waiting to see if degiro will make jpel tradeable.
Posted at 04/4/2022 06:53 by skyship
GOOD NEWS:
=========

JPEL ANNOUNCES TENTH MANDATORY REDEMPTION TO US$ SHAREHOLDERS

-- JPEL WILL RETURN $18 MILLION TO SHAREHOLDERS
-- REDEMPTION DATE 8 APRIL 2022
-- REDEMPTION REPRESENTS 24.3% OF US$ EQUITY SHAREHOLDER NET ASSET VALUE AT 31 DECEMBER 2021
* * *

The Company has resolved to return a total of $18 million to JPEL US$ Equity Shareholders. Redemption proceeds will be comprised of existing cash on JPEL's balance sheet.

The $18 million capital return (the equivalent of approximately 9.7 million US$ Equity Shares, or approximately 24.3% of US$ Equity Shareholder NAV) will be by way of a pro rata compulsory redemption of US$ Equity Shares at a price equal to the prevailing NAV per US$ Equity Share of $1.85 as at 31 December 2021 (being the most recent NAV per US$ Equity Share available as of the date of this announcement) for US$ Equity Shareholders on the register of members as at close of business on 8 April 2022 ("Record Date"). Unless circumstances require otherwise, this NAV will form the NAV per US$ Equity Share as of the date of redemption.
Posted at 21/1/2022 07:48 by skyship
Pity. Plainly limits the upside here. Managed to sell a few at 151c on the news; though no trades shown! Still retain a 5% allocation; and will hold those for the eventual sale.
Posted at 15/11/2021 16:17 by apple53
Hi Skyship
First post here.

Thanks so much for raising JPEL on the PIN thread.

The trade sale possibility does offer a higher return route, to balance with your 3 year return calc. And the continued increase in markets/valuations, accompanied by some of the valuations being end June (how many - don't think they say), means one could paint a picture of a weighted average expected return of more like 20% p.a. (eg 50% likelihood of trade sale in next 12 months averaged with the return until windup). On the flip side is there any risk from the commitments (being higher than cash plus lines of credit?). And then the bid offer spread. And I suppose windup costs, and the 3 years getting repeatedly extended.
Still I would be tempted to put a cheeky limit offer on, especially ahead of the next NAV statement.
Problem is that ii is telling me I can't trade online (I would settle in USD). I could try degiro where you can trade almost everything and where I can do so from sterling as the fx rates are so good (though I have no cash there and refuse to sell Wendel!).
Posted at 30/9/2021 17:18 by skyship
A vast amount of the Annual Report verbiage is just a cut and paste from last year. The danger when you do that is that a stupid error slips in.

This is what they said last year:

"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."

That being the case, the wind-up timetable reduces to 2 years - not three!

I will be seeking a comment from them...
Posted at 04/8/2021 14:51 by skyship
Slightly below my $2.03 estimate - perhaps more to come...
=======================================================

JPEL Private Equity Limited ("JPEL" or the "Company") has released the Company's Net Asset Value and Quarterly Report for the period ending 30 June 2021.

Please find detailed below the estimated net asset value per share for JPEL Private Equity Limited as at 30 June 2021: Ordinary Share Class - $2.00

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