Jz Capital Partners Share Price (JZCP)

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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 Shares Traded Last Trade
  0.00 0.0% 198.00 2,200 08:00:04
Bid Price Offer Price High Price Low Price Open Price
174.00 222.00 199.00 187.00 199.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 26.19 2.80 3.61 49.4 153
Last Trade Time Trade Type Trade Size Trade Price Currency
09:43:29 O 2,200 200.00 GBX
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Jz Capital Partners (JZCP) Latest News

Jz Capital Partners News

Date Time Source Headline
24/6/202210:44ALNCIN BRIEF: JZ Capital Partners posts annual rise in net asset value
23/6/202216:40UKREGJZ Capital Partners Ltd Second Price Monitoring Extn
23/6/202216:35UKREGJZ Capital Partners Ltd Price Monitoring Extension
23/6/202207:01UKREGJZ Capital Ptnrs Ltd Update on Secondary Sale and Monthly Net Asset Value
15/6/202211:03UKREGJZ Capital Ptnrs Ltd Final Results
13/6/202216:02UKREGJZ Capital Ptnrs Ltd Notice of Full Year Results
01/6/202218:26UKREGJZ Capital Ptnrs Ltd Net Asset Value(s)
23/5/202214:31ALNCIN BRIEF: JZ Capital shares up on sale of investee's interest on fund
23/5/202207:00UKREGJZ Capital Ptnrs Ltd Further Update in relation to Secondary Sale
27/4/202210:23UKREGJZ Capital Ptnrs Ltd Net Asset Value(s)
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Jz Capital Partners (JZCP) Discussions and Chat

Jz Capital Partners Forums and Chat

Date Time Title Posts
23/6/202211:53J Z CAPITAL PARTNERS250

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Jz Capital Partners (JZCP) Most Recent Trades

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Jz Capital Partners (JZCP) Top Chat Posts

DateSubject
02/7/2022
09:20		Jz Capital Partners Daily Update: Jz Capital Partners Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker JZCP. The last closing price for Jz Capital Partners was 198p.
Jz Capital Partners Limited has a 4 week average price of 150p and a 12 week average price of 100p.
The 1 year high share price is 199p while the 1 year low share price is currently 89.50p.
There are currently 77,474,175 shares in issue and the average daily traded volume is 1,683 shares. The market capitalisation of Jz Capital Partners Limited is £153,398,866.50.
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15/6/2022
11:18		robizm: They always seem jam tomorrow type of share and it never seems to get better
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21/6/2021
09:46		davebowler: 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.
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19/5/2021
10:26		davebowler: 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.
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16/4/2021
15:31		raptor_fund: Now all I need is them to have enough cash to pay off that reasonably priced zero dividend preference share sitting at a 25% discount and 2x cover.
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05/11/2020
09:56		davebowler: Liberum; Event JZCP's NAV per share at 31 August 2020 was $4.60 per share (February 2020: $6.14), representing a decline of 25% over the prior six months. The main driver of the NAV decline in the period was revaluation losses on the real estate portfolio (24% NAV impact), partially offset by gains of 1.3% from the micro-cap portfolio. The real estate portfolio is now valued at $47m, compared to $159m in February 2020. Over the last 18 months, the valuation of the real estate investments have fallen by 90% ($443m in February 2019 plus an additional $44m has been invested). Most of the equity in the real estate projects has been written down to zero. The real estate projects mainly comprise projects in Brooklyn and Miami. Progress has been made with asset disposals which will help to reduce leverage. $141m of sales have been agreed since 1 March. This includes the disposal of part of the US micro-cap portfolio for $90m (plus an additional $20m in unfunded commitments) in a related party transaction. The sale will enable the repayment of $83m of Guggenheim's senior debt facility. An amendment to the facility has been agreed following a breach of the asset coverage covenant. The US micro-cap portfolio performed relatively well given the challenging backdrop. The portfolio comprises 22 businesses across seven industries. The average valuation multiple of 8.5x EBITDA (18% discount to public comparables). Liberum view The disposal of the Micro-Cap portfolio provides much-needed liquidity and has helped to stabilise the balance sheet. The company is still in a difficult position with the senior loans and CULS maturing in mid-2021. The timeframe for a return of capital for shareholders is likely to be fraught with difficulty and it is imperative that further disposals are achieved to mitigate cost leakage. For example, $40m of the senior loan facility is now charging interest at Libor +11% following the facility amendment. The company also does not control many of the investments and is reliant on the cooperation of partners to achieve realisations
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20/10/2020
06:49		spectoacc: @topvest - must admit I've no JZCP, all my interest is via JZCZ, & the more they sell, the better :)
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19/10/2020
07:47		grahamg8: Fire sale makes grim reading. Six companies sold for $90m when the February valuation was $159.1m + write down of $20m confirmed for sale of Greenpoint property. The September NAV of 350-400pps shown to be be unbelievable versus a share price then of 90pps. But still a possible return for the very brave. True NAV likely to be much nearer 50% which would still I think leave us with an exit around 200pps. The only bright note is that this announcement represents around 40% of assets disposed of. Remaining 60% derisked, but of course the rump may have little or no value at all. DYOR
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17/9/2020
10:24		davebowler: Liberum; Real estate writedowns will result in covenant breach Mkt Cap £69m | Prem/(disc) -76.3% | Div yield n/a Event JZ Capital Partners expects to write down the value of its real estate assets by $80m-$100m at the August 2020 interim report. This follows the receipt of updated appraisals for the impact of Covid-19. The company has not yet received appraisals on all of the real estate assets. As a result, JZCP will require a waiver under its senior facility with Guggenheim Partners as it will be in breach of its minimum asset coverage ratio. The board expects to receive a waiver from Guggenheim. The company will not be able to make the interest payment due on the CULS at the end of September without this waiver. The company is in discussions to amend the current loan arrangements and expects to pay down a substantial portion of the senior debt facility through a secondary sale of US micro-cap assets in the near term. Liberum view The writedown will reduce NAV by a further 17-21%. The loss on the real estate portfolio over the last 18 months is staggering. The assets mainly comprise development projects in Brooklyn and Miami. Further heavy losses are inevitable given the leverage within the structures. The portfolio was valued at $443m at 29 February 2019. The company invested a further $43.6m in the assets and the overall value is now estimated to be $59m-$79m (84% to 88% decline based on the range provided today). The timeframe for a return of capital for shareholders is likely to be fraught with difficulty. Debt needs to be repaid first and JZCP has c.$264m of debt outstanding including loans, convertible bonds and zero dividend preference shares. The company's debt matures between 2021 and 2022. The Guggenheim debt has a minimum collateral value covenant of 4x. We estimate the ratio will be 3.8x following the writedown. The company's leverage ratio continues to rise and debt to equity ratio is c.70%. The company also does not control many of the investments and is reliant on the cooperation of partners to achieve realisations.
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27/4/2020
11:11		rob the slob: I think CULS is paid semiannually and went xd in march but dont quote me on that. Regards debt, there is a good summary of the position on p31http://www.jzcp.com/media/108074/JZCP-Annual-Report-2019.pdf(i) Financing ObligationsThe Company has obligations to repay loan debt in June 2021, the balance outstanding to Guggenheim Partners at 28 February 2019 was $149.2 million(28 February 2018: $150.1 million). It is expectedthe debt facility will be repaid in full or part from the proceeds of realisations and refinancing of investments. It is anticipated the Company will repay a significant proportion of the loan over the next three years.The Company will potentially redeem CULS in July 2021 amounting to £38.9 million, assuming holdersof CULS do not convert their holdings to equity.JZCP is due to redeem £57.6 million of ZDP shareson 1 October 2022, again it is expected the redemption of both CULS and ZDPs will be met from the proceeds of realisations and refinancing of investments.At 28 February 2019, the Company had outstanding investment commitments of $43.6 million(28 February 2018: $73.7 million). The Board will continue to consider the Company's position in meeting debt obligations and commitments falling outside the three year review and will continueto consider appropriate gearing levels to enable the financing of debt and ongoing investment/ operating activities.
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27/4/2020
08:24		rob the slob: 30 Jul 2021On 30 July 2014, JZCP issued £38,861,140 6% CULS. Holders of CULS may convert the whole or part(being an integral multiple of £10 in nominal amount) of their CULS into Ordinary Shares. Conversion Rights may be exercised at any time during the period from 30 September 2014 to 10 business days prior to the maturity date being the 30 July 2021. The initial conversion price is £6.0373 per Ordinary Share, which shall be subject to adjustment to deal with certain events which would otherwise dilute the conversion of the CULS. These events include consolidation of Ordinary Shares, dividend payments made by the Company, issues of shares, rights, share-related securities and other securities by the Company and other events as detailed in the Prospectus.CULS bear interest on their nominal amount at the rate of 6.00 per cent. per annum, payable semi-annually in arrears. During the year ended 28 February 2019: $3,155,000 (28 February 2018: $3,022,000) of interest was paid to holders of CULS and is shown as a finance cost in the Statement of Comprehensive Income.
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