Nb Private Equity Partners Share Discussion Threads

[skyship] 04/5/2022 16:13

Presentation didn't say anything new - just reiterated the 26th April stats. Not surprising really.

What did surprise was the lack of questions. I asked two; both dealt with - Buybacks and dividends. Nobody else asking anything serious other than the valuation increase from the 2022 $77m of portfolio sales.

Next up will be the Apr'22 NAV which we should get next week.

With the share price still drifting, it is remarkable to see that we are now out at a 37.8% discount & a 4.8% yield.

[adae] 04/5/2022 15:34

Presentation not going so well? Outlook maybe?

VC rather than PE but still relevant, particularly on the tech side:


And David Stevenson today talks PE ITs - particularly tech - yet singularly fails to include NBPE:

[skyship] 04/5/2022 09:38

Current price an absurdity; a total anomaly. Just made a 1000 top-up @ 1540p. At the $ rate of 1.252 the NAV = 2415p, so the NAV discount = 36.2%!!!

This for one of the top performing PE trusts who will be doing a presentation of recent results and portfolio update at 14:30 this afternoon.

[skyship] 28/4/2022 13:22

Further $ strength. At 1.245 the Mar'22 NAV increases to 2429; so the discount @ 1600p = 34.1%

[skyship] 26/4/2022 21:27

T - thanks - simply trading the margins as remain basically "on hold" with cash levels twixt 30% - 60%.

What I love about trading the PE trusts though is that if the short-term timing is wrong, I have no problem with holding due to the great underlying values and discounts.

[tournesol] 26/4/2022 18:44

Skyship

bravo on your trading skill

I am simply not a good enough trader to scalp 3% but I salute those who do.

[skyship] 26/4/2022 16:34

ali - clearly because of the value - obvious value attracts buyers - and did so up to lunchtime, when I luckily banked the intraday turn at 1628 & 1625. Bought back in below 1580 toward the close.

[riverman77] 26/4/2022 09:51

Most of the slight drop between Dec And Mar NAV due to fall in the quoted positions, in particular Autostore. This was 6% of fund in Dec, but probably around 4.5% now, a size I'm more comfortable with.

[ali47fish] 26/4/2022 09:40

sky on what basis do you say it will above 1600

[skyship] 26/4/2022 08:15

Sp likely to close above 1600 today. The point is that the discount is actually c2% above what you see, as the $/£ rate has massively improved. At the 1.275 rate the discount = c33.5%!

[spangle93] 26/4/2022 07:54

31 March 2022 NAV per share of $30.24 (£22.97)

At face value, the discount is 32.5%

However, 78% of this was valued at 31 Dec 2021, so it's uncertain what the full impact of Q1 will be on NAV

[spangle93] 26/4/2022 07:52

NBPE plans to hold an investor update call on Wednesday 4 May 2022 in order to discuss the investment portfolio and provide an update on performance.

The webinar will take place at 14.30 BST / 15.30 CEST / 9.30 EST. The call can be accessed via the call details below:

[ali47fish] 26/4/2022 07:41

anybody here update today sounds good

[tournesol] 30/3/2022 12:43

SKYSHIP

I've sent you a private message

regards

T

[joey52] 27/3/2022 17:56

Received in my AJ Bell account on Friday

[rik shaw] 27/3/2022 13:02

Yes but not yet received in my ii account.

[ali47fish] 27/3/2022 12:52

didn they annouce an error in the last dividend and were supposed to give us an additional correction due this last friday i think?

[chc15] 17/3/2022 21:26

I didn't, said I've been buying at lows around 1500, dyor!

[ali47fish] 17/3/2022 18:50

what makes you think this a good time to add- no idea how and if private equity is neutral- any further comments please form knowledgeable posters in this area

[chc15] 17/3/2022 18:33

Nice, this is being promoted to the ftse 250 on Monday, I've been adding on the lows recently, recovery time ahead hopefully!

[gary1966] 17/3/2022 07:11

Good performance in February but only slight caveat is that 81% of valuations are pre invasion and I am not sure what effect that has had on their investments.

[deadly] 11/3/2022 12:07

Strong recovery in this today and over last week.

[toffeeman] 04/3/2022 17:05

Yep - I have just over 25% cash to invest when it feels right - it sure doesn't atm

thankful for AG and AU investments - only blue on the monitor

[essentialinvestor] 04/3/2022 12:28

Toffee, increasingly looking like a bear market?.

Where that leaves the share price .

[toffeeman] 03/3/2022 17:04

Broken below the H&S target of 1575 - tempted....