Nb Private Equity Partners Share Discussion Threads

[skyship] 20/12/2013 16:46

NBPE finally making a move...

At the current 925c the Discount = 25.9% and the Yield = 4.43%

At my target 975c the Discount = 21.9% and the Yield = 4.21%

[alanji] 14/11/2013 12:19

I put in a limit order on NRI at 325 yesterday but did not get any, even though the offer was 322 when I put it in! Price now too high.
Will have to have another look at possibilities. Agree CP is now getting difficult but still a few bargains.

[skyship] 14/11/2013 12:05

Alan - that's encouraging - welcome aboard.

I'm finding the problem I currently have is the one of consolidation into fewer and fewer stocks. Now holding only two propcos - APT & LSR; and the cash has to go somewhere, so I'm adding to all my PE plays.

Recently added or bought back into FPEO, JPEL, LMS, MTH, NBPE & NRI.

Actually bought into a conventional trading company last week - but on today's further rise I've already taken the turnout. The SBRY chart was just too good to resist, very like the DSC chart recently ....and we know what happened there!

[alanji] 14/11/2013 11:17

You looked lonely on here, Sky so I have joined you with a small initial punt.

[skyship] 12/11/2013 08:34

Oct'13 NAV up 1.2% to $12.29:



Stock looking cheap @ 907c - NAV discount now 26% & yield = 4.51%. The next divi RNS on/around 22nd Jan'14 will more than likely raise that yield slightly; IMO c4.7% prospective at 907c.

After a prolonged 9months consolidation around the $9.00 level, the shares should begin to move forward ahead of that Jan'14 RNS.

[skyship] 10/9/2013 08:50

The 200day MA has closed up beneath us and the MACD is turning up; so we should be back over $9 again soon.

The past 7 months has seen a boring but necessary period of consolidation after the 2012/2013 strong run up from the $7 level.

[skyship] 13/8/2013 16:15

As of 31 July 2013, the unaudited estimated NAV per share was $11.93
(after accruing for the August dividend, which will be paid on 30 August
2013), which represents 0.1% increase compared to the unaudited NAV per
share of $11.92 at 30 June 2013. Including the cumulative dividends paid
and accrued for 2013 of $0.41 per Share, NBPE's total return unaudited
NAV per Share was $12.34 which represents a 1.8% increase compared to
the unaudited total return NAV per Share of $12.12 at 30 June 2013.

[skyship] 07/8/2013 10:43

XD that 21c divi today

[skyship] 01/8/2013 08:29

Dropped 20c on the small divi increase from 20c to 21c. Not XD until next week, so the fall must be due to someone being nervous over this statement:

"On a pro forma basis, NBPE's dividend is approximately 67% covered by
the run rate current cash yield on its direct yielding portfolio. NBPE
estimates that, through the investment plan described above, dividends
at the current level will be fully covered on a run rate basis by the
cash yield on its direct yielding investments by the end of 2013.

This dividend as well as future dividends shall be made conditional on
the passing of the solvency test under Guernsey law.

The Board of Directors will continue to evaluate the Company's financial
position, annual dividend target and the timing of future dividends.
Future dividend payments will be announced by NBPE after the Board of
Directors have completed such evaluation."

[skyship] 17/7/2013 14:32

We continue to creep higher, today amid really high trades accounting in total for c7% of the equity...

Being 10% CASH, decided to add another 2k @ $9.25. Short of ideas other than existing holdings. Causing some portfolio concentration; but they're still yielding 4.3%, so little reason why they shouldn't make further progress to, say, the $10 level for a 15% NAV discount.

[skyship] 20/6/2013 08:04

As of 31 May 2013, the unaudited estimated NAV per share was $11.95,
which represents 0.8% increase compared to the unaudited restated NAV
per share of $11.86 at 30 April 2013.

[skyship] 17/5/2013 06:22

IMS uplifts that End Apr'13 to $11.86.

[skyship] 15/5/2013 09:27

Nothing new from the AGM statement; but the monthly NAV shows further good growth.

======================================================================
As of 30 April 2013, the unaudited estimated NAV per share was $11.81,
which represents 1.1% increase compared to the unaudited estimated NAV
per share of $11.68 at 31 March 2013.
======================================================================

At $9.00 the shares are on a 23.8% discount & yield 4.44%; so still very good value. No longer electrifyingly cheap as the whole sector was 18months ago, but look good for steady progress to that $10 level on the chart above.

At $10 the discount would be down to 15.3%, but the yield would still be 4.0%. Of course the asset reporting methodology suggests historic, in-built asset growth still to show through...

[skyship] 14/5/2013 16:44

Also the Apr'13 NAV update due - so perhaps we'll get an RNS on both tomorrow...

[bobdouthwaite] 14/5/2013 13:53

Judging by the share price, the AGM to-day must be going well!

[skyship] 12/4/2013 08:25

0.3% increase in March NAV - up from 1165p to 1168p. Pretty small increment
but 62% of valuations were to Dec'12 - so plenty of built-in upside to come.

[jaws6] 11/4/2013 17:24

rns,result in may

[skyship] 14/3/2013 08:38

Monthly NAV Update on Monday showed a 2% increase, that's on top of the 1% increase in January. As the sector is in growth mode, the delayed nature of the reporting means there is built-in growth still to come through.

At $8.95 the shares are on a 23.2% NAV discount & yield 4.47%.

Still look good value; so happy to HOLD.

==============================================================
As of 28 February 2013, the unaudited pro forma NAV per share was $11.65, which
represents a 2.0% increase compared to the originally published unaudited NAV
per share of $11.42 at 31 January 2013.

The pro forma value of NBPE's private equity portfolio as presented in the
February 2013 monthly report was based on the following information:

39% of the private equity pro forma fair value was valued as of 28
February 2013:

- 18% in private direct/co-investments based on 28 February 2013 valuation
information
- 12% in credit-related fund investments
- 9% in public securities

58% of the private equity pro forma fair value was valued as of 31
December 2012:

- 37% in fund investments based on Q4 2012 valuation information
- 21% in private direct/co-investments based on Q4 2012 valuation information

3% of the private equity pro forma fair value was valued as of 30
September 2012:

- 3% in fund investments based on Q3 2012 valuation information
=================================================================

[dasv] 24/2/2013 19:47

sky - you keep finding these gems. Hat off to you! I will be purchasing NBPE and HVPE this week I reckon - still lots of cash to allocate.

[skyship] 31/1/2013 07:42

Ahh - of course, thnx for that

[jaws6] 30/1/2013 21:14

20 c xd today

[jaws6] 22/1/2013 08:55

can not buy with Barc
edit- NBPE trades on a 28% discount to the 31 December NAV of $11.50

[jaws6] 22/1/2013 08:52

ah ok .will try to remember next time.
is that for all $ stock like JPEL too ,tks
sold few RCP ,will try to add at limit price .

[skyship] 22/1/2013 08:49

Incidentally - you might find it easier to deal on the Euronext exchange.