Nb Private Equity Partners Share Discussion Threads

[skyship] 06/6/2022 08:55

Toffeeman - I hold NBPP from sometime ago. It has been a good place to park some of the cash in my SIPP.

Even now at 125p you could BUY 10k at a cost of £12505. They redeem at 126.74p on 30th September, so you get back £12674 in just under 4months. So a 1.35% return; annualised the GRY = 4.46%.

[toffeeman] 06/6/2022 08:23

Assuming that the recent weakness is due to Constellation value given the problems with Cazoo?

There could be a big value write-down?

[toffeeman] 02/6/2022 10:25

>> Skyship

Is there any point in NBPP?

[starpukka] 01/6/2022 20:36

pin also dropped late afternoon.

Didn't hear it though !!

[lozzer69] 01/6/2022 17:20

Down 5pc at the close. The share price is all over the shop at the moment.

[ali47fish] 23/5/2022 12:57

this is regularly up- time to add!

[skyship] 17/5/2022 08:58

Thanks both. Certainly shorting the NAS has been a great play - well done with that.


free stock charts from uk.advfn.com

[flyer61] 16/5/2022 18:37

I think the SUK2 is quite risky at the moment SKYSHIP. Everyday GBP goes lower against the USD which is a positive for a chunk of the FTSE 100. I’v3 had more joy with QQQS.

[cousin jack] 16/5/2022 18:11

Sky.

Wisdomtree Ftse250 1X Daily Short (1MCS) would enable you to short Ftse250. Good luck if you decide to give it a go.

[skyship] 16/5/2022 15:59

Flyer - good point - do you know the EPIC for a FTSE250 short?

I did however top up SUK2 at 400p a few moments ago.

[flyer61] 16/5/2022 04:59

It is a 2 times short FTSE 100 product operated by Legal and General.

I would have thought SKYSHIP you would be tinkering with shorting the FTSE 250.

Still like NBPE at these prices for the long term.

[ali47fish] 15/5/2022 18:00

and what is suk2 sky

[skyship] 15/5/2022 15:11

Good to see Friday's 4% bounce back up to 1475p. Far less deserved was the 2.5% rise in the FTSE indices. Will be topping up my SUK2 on Monday...

[essentialinvestor] 12/5/2022 14:29

Hold only few hundred shares here and a lot more in 3i where I added today,
however even they are not immune to falls. As mentioned on the SHA board last Wednesday week this is the most cautious I have felt on investing since before the GFC. Over 60% as posted before the sell off.
Macro is weakening rapidly, but the market could still bounce.
There are always reasons to be cautious, but we appear to have a confluence of negatives atm.

Hopefully it will throw up opportunities.

[skyship] 12/5/2022 07:51

So, there we have it. April NAV shows a 4.1% fall in $ terms from 30.24 to 29.00. In £ terms actually a small increase from 22.97 to 23.10.

So, at 1425p the discount = 38.3% at a 1.255 exchange rate. With the same $NAV but at a 1.23 exchange rate, the discount rises to 39.6%.

[skyship] 11/5/2022 21:04

1400p looks pre-destined - where from here depends upon the next NAV RNS.

[contrarian joe] 11/5/2022 20:11

As tempting as it is you have to consider the very likelihood of a recession,a lot of pe funds got hammered in 2008 losing 75% of their equity when money dried up,i might miss a nice 10/20% bounce here or if we get lucky avoid the dreaded recession then an even bigger rise.Don't feel risk/reward is in my favour due to the environment were in so will remain on the side-line for now, luck to all holders on here.

[badtime] 06/5/2022 23:23

Im tempted..

[essentialinvestor] 06/5/2022 17:48

I added a small amount just for transparency.

We just have to hope Putin does not go down the full mobilisation route on Monday,
may get at least a short term market snap back if better news than some fear.

[ali47fish] 06/5/2022 16:52

kepler noteRESULTS ANALYSIS FROM KEPLER TRUST INTELLIGENCE
Fri 06 May 2022 15:48
RNS Number : 6692K
NB Private Equity Partners Limited
06 May 2022

NB Private Equity Partners (NBPE)

06/05/2022



Results analysis from Kepler Trust Intelligence

NB Private Equity Partners (NBPE) has released its financial results for the year ending 31 December 2021. The trust had its best year on record, delivering NAV total returns of 44.8% in USD terms and share price total returns of 65.0% in GBP terms. This also marked the third consecutive year that NBPE has delivered double-digit NAV total returns for shareholders.

Underpinning this record year of performance was continued strong operating performance, with revenue and EBITDA growth of 27% and 28% respectively and a record level of realisations. In total, 14 companies announced full or partial exits, at an 83% increase relative to prior year valuations and a 3.3x multiple of cost.

Those exits and other portfolio realisations resulted in $389m of proceeds. NBPE now has $402m of available liquidity, with $102m in cash and $300m from an undrawn credit line. However, NBPE's investment level currently sits at 107%, meaning the trust can afford to be selective when making new investments.



Kepler View

Realisations have been one of the driving forces behind much of NB Private Equity Partners (NBPE's) success over the past three years and 2021 was no exception. A raft of dealmaking helped drive strong returns, as well as valuation increases as a result of strong operating performance from the existing portfolio.



On a weighted average basis, the companies in the underlying portfolio generated LTM revenue and EBITDA growth of 27% and 28%, respectively in 2021, well ahead of most listed equities. With an average age of private investments of 3.4 years, value creation is well-underway across the portfolio. In addition, value increases across the portfolio were driven from holdings which IPO'd and which NBPE continues to own shares in. At the year end, 17% of NAV was represented by public holdings, some of which are represented in the largest individual holdings in the portfolio. Given the falls in public markets since the financial year end, this has been the driving contributor to the fall in NAV we have seen since then.



The strong performance during the year reflects the rigorous process the team uses to assess potential investments, not to mention the underlying strength of the companies in the portfolio in terms of revenue and earnings growth. The team prefer companies and sectors backed by megatrends, with high-growth or secular tailwinds, and in many cases, high barriers to entry or the delivery of mission-critical products or services. Key sectors include technology, industrials and industrial technology, consumer/e-commerce and business and financial services.



NBPE's goal is to invest in private companies and deliver long-term capital appreciation to shareholders and income through the semi-annual dividend. It attempts to do this by co-investing alongside private equity managers with whom NB has strong relationships. This means that it gets access to lots of deal flow, often on a management fee and performance fee-free basis. Importantly, in this way the investment manager's team can manage cashflows and deploy capital in a nimble and efficient manner, without the need to over-commit to funds or add more balance sheet risk.



CLICK HERE TO READ THE FULL REPORT

Visit hxxp://www.trustintelligence.co.uk/investor for more high quality independent investment trust research.

[essentialinvestor] 06/5/2022 15:09

SKY, tech heavy portfolio, their listed appear to be falling more than wider markets.

At least they have benefited from some very fat exits in 2021.

But as mentioned late last year, it's just a pity they could not dump much of the
listed holdings as well. You could see the cycle beginning to turn as mentioned,
Russia has given that another shove.

[skyship] 06/5/2022 11:07

Looks as though they're headed back to the 1400p support; however at the current 1455p they are already on a 40% discount to the March NAV & now yielding a prospective 4.95%.

The question is, will the NAV for April reflect falling US markets; and if so by how much. A 3% fall in $ terms would only reduce the NAV discount to 38.5% at an exchange rate of 1.24.

The sector as a whole is enduring a big shake-out; but NBPE is taking more of a hit than any other.

I'm staying put.


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[wskill] 05/5/2022 13:02

Read the citywire article and did a bit of looking at the suggested trusts decided that NBPE looked the best option so bought a few today at £15.13 an excellent dividend as well whats not to like.

[smidge21] 04/5/2022 17:22

I guess that while the likes of ARKK continue to crater, PE ITs will trade heavy.