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Share Name Share Symbol Market Type Share ISIN Share Description
Jz Capital Partners Limited LSE:JZCP London Ordinary Share GG00B403HK58 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 198.00 174.00 222.00 199.00 187.00 199.00 2,200 08:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 26.2 2.8 3.6 49.6 153

Jz Capital Partners Share Discussion Threads

Showing 226 to 249 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
23/6/2022
11:53
Yes, all looking a bit more positive here for a change. Let's hope that they have some more disposals coming through fast.
topvest
23/6/2022
08:52
Sale completed so would appear my zeros payout now covered. See there was a portfolio mark down of 11c, but otherwise all going well for my ordinaries too...........for a change
hindsight
15/6/2022
11:34
Results out. The language from the Board has changed. Very positive on a substantial shareholder return. Let's hope they get the disposals away before the economy goes belly-up!
topvest
15/6/2022
11:18
They always seem jam tomorrow type of share and it never seems to get better
robizm
23/5/2022
13:04
If one was very generous, could say they were unlucky on property looking at the Miami boom. Im mainly exposed to the zeros, full payout there and £3 on the ordinaries would be a very good result
hindsight
23/5/2022
12:15
So, net asset value approaching US$5 if this goes through. Probably a need to get on with things before the next recession bites, but starting to look slightly more positive. Trust is the thing that is lacking though. The Jordan's always seem to do well at the expense of shareholders.
topvest
23/5/2022
11:55
Yes, some good news today. Every RNS from them is shrouded with complexity though. Looking more likely that shareholders will eventually receive some cash.
topvest
27/4/2022
11:38
RNS just out, NAV $4.37 31st March, or £3.47 So 115.6p to buy on Spreadex, or $1.45 Liabilities $149 million, but cash $49 million, So liabilities after cash, $100million With this degree of discount I am comfortable with my holding.
johntobin
26/4/2022
10:05
Sounds like plenty of investors are still fearful... good, I made some money on a spread bet of the zeros, which did re-rate; so rolling over into the ordinary shares. With the toxic property gone the discount looks attractive. The NAV of these split capitals can seem to evaporate as they head to wind up but the discount just looks to wide and providing the wider market holds up I think there will be significant upside.
johntobin
14/4/2022
19:43
I suspect given the history here that it will only meaningfully re-rate when there is a tangible prospect of a cash return. They have shown multiple times that reported NAV is meaningless...
cousinit
13/4/2022
20:40
I'm not going to be investing any more as I am not that confident. Just hoping to get some return on a poor investment a few years ago.
topvest
13/4/2022
18:42
My thoughts entirely. Greedy when others are fearful?
johntobin
13/4/2022
16:18
Yes, a high risk disaster stock but could be a good return eventually from this level.
topvest
13/4/2022
09:34
The discount on the Ordinaries looks attractive. The secondary sale in october 2020 looks like it may still deliver $70million from my reading of the RNS. There are clear risks given the gearing but if the market holds up I think we could see a significant re-rating, possibly after the annual report?
johntobin
07/4/2022
07:55
Sticky fingers
grahamg8
07/4/2022
07:54
Refreshingly detailed and understandable RNS. However it's still jam tomorrow.
grahamg8
21/3/2022
10:14
Yet more bad news, albeit it doesn't seem to impact NAV. Sort of reinforces the tangled web of wrongdoing at this company.
topvest
24/6/2021
08:58
What is the redemption value of the ZDPs - 483p? Edit: Ok, I've found the document. It's actually 483.70p Presumably if there is an extension the company would have to offer the holders some sort of increased redemption value?
stemis
21/6/2021
09:46
Liberum; JZ Capital Partners Balance sheet de-gearing continues with Salter Labs disposal Mkt Cap £95m | Share price 122.5p | Prem/(disc) -60.0% | Div yield n/a Event JZ Capital Partners completed the sale of its interests in Salter Labs. Net proceeds from the sale are $41m, 9% ahead of the latest book value of $37.6m. Further proceeds of $0.75m have been placed in escrow and may be received, depending on the certain closing adjustments. JZCP will use $33m to repay part of its senior lending facility. The remaining balance under the facility following the repayments will be $35m. Liberum view Progress with disposals has enabled an improvement in the company's debt position. The senior lending facility has been extended to June 2022, albeit the cost on the remaining debt is Libor +15%. JZCP will fully redeem the CULS in July 2021 and has also agreed a $31.5m facility provided by principals of the investment manager. Given the level of asset cover, the ZDP holders should expect a full return of capital but this may require an extension to the maturity date (October 2022). Most of the investments are minority positions. The manager is not in control of the exit process and is ultimately reliant on the cooperation of partners to achieve realisations.
davebowler
19/5/2021
11:33
"..The ZDP holders should expect a full return of capital but this may require an extension to the maturity date (October 2022" Hoping for no extension, but seems a fair comment.
spectoacc
19/5/2021
10:26
Liberum; Light at the end of the tunnel Mkt Cap £98m | Share price 126.5p | Prem/(disc) -58.1% | Div yield n/a Event JZCP's NAV per share at 28 February 2021 was $4.25 per share (February 2020: $6.14), representing a decline of 30.8% over the year. The main driver of the NAV decline was revaluation losses on the real estate portfolio (26% NAV impact) in the first half of the year, partially offset by gains of 2.2% from the micro-cap portfolio. The US and European micro-cap portfolios have been relatively stable. The portfolios comprise a total of 35 companies across 11 industries. As previously reported, JZCP completed a secondary sale of US micro-cap assets in December for $90m. The real estate portfolio is still held at the last appraised value from August 2020. Most of the equity in the company's real estate projects has been written down to zero in the first half of the financial year. Progress with disposals has enabled an improvement in the company's debt position although there is still plenty to be done. Earlier this week, JZCP reported that it had reached an agreement with its senior lender to extend the term on the debt to June 2022. The company will fully redeem the CULS and has also agreed a $31.5m facility provided by principals of the investment manager. Several realisations are expected over the coming 12 months which should help to de-gear the balance sheet further. Liberum view The outlook for JZCP has improved considerably in the second half of the financial year. The disposal of the Micro-Cap portfolio provided much-needed liquidity and has helped to stabilise the balance sheet. Given the level of asset cover, the ZDP holders should expect a full return of capital but this may require an extension to the maturity date (October 2022). Most of the investments are minority position. The manager is not in control of the exit process and is ultimately reliant on the cooperation of partners to achieve realisations, leading to the potential for a lengthy exit process.
davebowler
17/5/2021
08:13
Market seems OK with it. Pays off the CULs, at cost of 6% interest and continued uncertainty, but with the prospect of clearing the new debt, and the Zeros, with asset sales.
spectoacc
17/5/2021
07:47
Very complex refinancing arrangement. It does keep the company afloat but only for another year. Not enough cash to pay off the zeros, so there is a good chance of another refinancing next year. Each time the shareholders slice of the pie gets smaller. The NAV premium is pretty meaningless all the time the sharks are circling.
grahamg8
16/4/2021
15:55
I hear you brother!!! :.)
fuzzyneil
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