Jpel Private Equity Share Discussion Threads

[skyship] 21/7/2021 15:12

Estimated NAV/share for JPEL as at 31 May 2021: $1.86

Up 2c.....but really the only thing of interest is when do they find a buyer for the Swania stake!

[skyship] 14/5/2021 12:59

Creeping better: 132c-135c. Hoping for a trade sale or buy-in of the Swania stake.

[bscuit] 06/5/2021 13:35

I find CSD puzzling as they helped with the purchase but won’t let ne buy SUPR.

[skyship] 06/5/2021 12:56

100k bought at 128c today. A meaningful investment.

[bscuit] 20/4/2021 12:54

Charles Stanley Direct provided the KID and I was able to buy 10,000 within the spread after which they sent me a copy of the KID.

[skyship] 20/4/2021 10:57

I had that yesterday with YouInvest; so couldn't deal online; had to go manually - took forever as they tried to find why not available online. Eventually got a few at 117c; but would have bought more online as could assess size.

[yieldsearch] 20/4/2021 08:45

not available to trade on interactive investor.. "KID missing"
KID is available on morningstar and company website...

[skyship] 19/4/2021 19:59

Made steady progress since the cheap stock was taken out 11:35 - 12:33. Closed at 123c-127c. Still cheap on a 32% NAV discount at 127c.

[skyship] 19/4/2021 12:41

Swania - At Sep'20 it was valued at c$54m. It would seem now valued at c$64m. So 46% of NAV. Pass that stake on to someone and a 50% Tender awaits!

[skyship] 19/4/2021 12:27

Pejaten - would obviously be great if that valuation upgrade proves to be a precursor to a sale. Not exactly sure of the %age of assets Swania represents, but certainly North of 50%. Will go and research that one (should have done it earlier!).

[skyship] 19/4/2021 12:25

February NAV Performance:
========================

JPEL announced a net asset value (“NAV”) per US$ Equity share at 26 February 2021 of $1.87, an increase of $0.13 or 7.5% from the prior month. JPEL’s increase in NAV is primarily a result of a mark to market increase in the valuation of Swania by the Milestone 2014 General Partner. Approximately 85.8% of private equity value is from sponsor reports dated 31 December 2020 or later.

Investments at Market Value: $138,850,000
Cash, Equivalents & Receivables: $15,750,000
Total Assets: $154,610,000
Total Liabilities and Payables: ($350,000)
Total Net Asset Value: $154,260,000

Shares in Issue: 82.52m

[skyship] 19/4/2021 12:09

Pejaten - thnx for that; but where do you see it? As of now it doesn't appear on their website:



Ahh - belay that, I see this on the NAV RNS:

"Shareholders may access an electronic copy of the Month End Review at www.jpelonline.com by clicking the "Investor Information" link on the home page and then clicking the "Reports" link. An electronic copy of the Month End Review is also attached to this notice."

Will go and take a look...

[jaws6] 19/4/2021 11:07

any new broker note in in JPEL out ? thanks.

[pejaten] 19/4/2021 10:33

The monthly report says that Swania was revalued at mark to market. This suggests that either there was a recent trade in the shares or hopefully a price have been negotiated for the potential purchase of JPEL shares.

[skyship] 19/4/2021 10:10

WOW - JPEL shoot the lights out with that Feb'21 NAV figure - 187c - a 7.5% increase on January's 174c.

At 117c the discount climbs to 37.4%.

They surely must have revalued Swania - can't think what else would have had such a large effect.

[skyship] 05/4/2021 12:46

Almitas Capital of Santa Monica reveal a 5.57m share stake (6.67%)

"Almitas Capital strives to achieve superior risk-adjusted returns for clients by investing in undervalued equity and debt securities. Our investment process employs fundamental and statistical analysis to find securities trading at discounts to intrinsic value throughout the world."

[skyship] 19/3/2021 13:28

JPEL quite active today - active for JPEL that is!

5 trades totalling 48,500. All buys @ 116.8c.

[skyship] 27/2/2021 10:18

117k bought at 114/115c. Encouraging to see someone prepared to commit here, after a long time of no action whatsoever since the last redemption.

At 115c the discount is 33.5%, so clearly offers really good value PROVIDED their remaining one large investment in French consumer durable outfit Swania, holds up or receives an offer.

[skyship] 24/2/2021 17:57

A rise of 3.6% in the Dec'20 NAV up to 173c helps to counteract the weak $ & Euro versus the recovering £.

[skyship] 28/1/2021 20:57

So, 5% went to:

GLOBAL VALUE FUND
The Global Value Fund is a listed investment company that provides shareholders with the opportunity to invest globally through a portfolio of securities purchased at a discount to their underlying asset value. By capturing this discount for its shareholders, the Company aims to provide an alternative source of market outperformance compared to more common stock selection strategies.

Staude Capital is based in London and its investment team has considerable experience in finding international assets trading at a discount to their intrinsic worth, and in identifying or creating catalysts that will be used to unlock this value. The investment team at Staude Capital has been seconded into Mirabella Financial Services LLP to manage the Global Value Fund portfolio.

[skyship] 25/1/2021 20:32

So, today's RNS reveals the seller of the 7.8m shares (9.5%) was Barwon Investors of Sydney. No surprise there as they reduced below 10% just a few days ago.

No mention yet of the buyer...

[skyship] 23/1/2021 15:15

Intriguing trades yesterday. c7.9m shares (c9.5%) apparently sold @ 1.10c, Who sold and where did they go? A buyback would be nice...

[skyship] 15/1/2021 17:54

At 1.15c the discount = 31.1% and the GRY to a notional 1/10/2023 = 14.77%

[skyship] 15/1/2021 17:48

Nov'20 NAV up 3.7% to 1.67c - includes the Mr Bults sale revaluation: