Nb Private Equity Partners Share Discussion Threads

[vacendak] 23/8/2023 07:45

Just got the email about the NAV update, results are behind benchmark on YTD. Maybe linked to that?
Planning on topping up after payday this month anyway.

[badtime] 22/8/2023 19:45

Unusual to see it lose 3% in one day

[spangle93] 11/7/2023 17:04

Yeah, I nearly wrote that. But I'd like to load up more on NBPE and other PE trusts, and the bigger the discount/drop, the greater the margin of safety/confidence

[rik shaw] 11/7/2023 15:05

Preferably one way and not the other...

[spangle93] 11/7/2023 14:32

Bah, I was so close to buying more at 1500 yesterday, now it's up again - wish this would go one way or the other!!

[vacendak] 13/6/2023 08:05

Still being battered by the interest rate environment I guess.
It is also still very cheap compared to what "it should be worth". Therefore still adding at the moment. The yield is attractive, especially for those convinced that the share price will eventually bounce back up.

[ali47fish] 13/6/2023 07:56

nav monthly update again very confusing in the rns

[ali47fish] 25/5/2023 10:55

i really get lost with kepler's notes the lateast dated 24 may is here if anyone could comment that would be great!

hxxps://www.trustintelligence.co.uk/investor/articles/fund-research-investor-nb-private-equity-partners-retail-may-2023

[rik shaw] 25/4/2023 07:58

Interesting buyback programme:
'in October 2022, NBPE entered into an agreement with Jefferies, which allows them, in their sole discretion, to repurchase NBPE shares based on certain criteria. To date, no shares have been repurchased and the Company will be renewing its agreement with Jefferies, including updating the relevant repurchase criteria.'

I wonder what fee Jefferies take for doing nothing !

[ali47fish] 13/4/2023 14:01

up today - any knowledgeable investors here to comment on the general outlook in private equity and specifically on nbpe!

[essentialinvestor] 30/3/2023 17:28

Keep in mind Marshalls will have contributed £30 million plus on pre tax?, So that £800,000 loss may be uglier than it looks. I just don't see how the model works.

Not being wise after the event here, mentioned it on this board nearly 2 years ago.

I would very much hope constellation is an outlier in their portfolio.

[toffeeman] 30/3/2023 17:02

Constellation own we buy any car and cinch - given what has happened to Cazoo, I find it hard to believe it is still worth $57m

[essentialinvestor] 30/3/2023 16:48

Speaking of Constellation automotive, the business lost £800,000 last year,
I'm guessing that valuation may have some downside scope!.

That's why you need to be a little careful in this area as during the height of ZIRP
many loss making businesses were valued at $billions, some of which may end up
worth very considerably less.

Made Plc is a UK example of this, from a £1 billion market cap at one point, to zero.

[chc15] 29/3/2023 14:39

Added a bit more here just under 14. Indeed, apart from 3i, the sector has been whacked along with infrastructure stocks. Here Action is it's largest holding, though only 5%.

[starpukka] 29/3/2023 14:02

Private Equity appears even more deeply out of favour now following the bank collapses; but it has been for some time IMO .

[essentialinvestor] 29/3/2023 09:56

Flyer, I know NBPE less well than others who post here, given the % discount to NAV on offer unless we are heading for a sharp recession it's at least worth monitoring.

Near £13 is last June's low.

[flyer61] 29/3/2023 09:32

I have funds…would you be a buyer on an ultra ling term view Essential?

[essentialinvestor] 29/3/2023 09:18

Available just under £13.90 on the offer atm.

[chc15] 28/3/2023 14:32

So many sales going through, must be a wealth mgr dumping, waiting here..

[essentialinvestor] 28/3/2023 12:33

Good fortune.

[chc15] 28/3/2023 12:20

Could well do, not far off, I'm happy to buy small amounts as it keeps dropping though, can't predict the bottom.

[essentialinvestor] 28/3/2023 12:11

CH, not anticipating last June's low to be retested?.

[chc15] 28/3/2023 11:40

Yeh, averaging down for me, here we go again..i can see a lot of sales going through, this needs to be cleared, then maybe then this can move forward again.

[vacendak] 28/3/2023 10:04

Just got paid. Time for the monthly top-up. :)