Nb Private Equity Partners Share Discussion Threads

[skyship] 02/9/2016 11:33

New Investor Presentation to coincide with the Offer of new 2022 ZDPs:

[skyship] 04/2/2016 08:11

XD 25c today

[mad foetus] 29/1/2016 10:11

looks like a well times buy Sky. I continue to hold and with the divi and the currency movements am back at about breakeven, but clearly misstimed the call here.

[skyship] 22/1/2016 16:24

Chart has been total cr*p for ages; but could that $10 level provide support. Certainly the fall looks overdone with a 5% yield and a 30% NAV discount; so have bought a few at $10.

[mad foetus] 09/12/2015 09:27

The yield is very attractive and a big chunk of the portfolio (c.30-40%) is in fixed rate debt at high rates which support the yield component. But the rest of the portfolio has done pretty badly really. And having a primary Amsterdam listing doesn't help. But it is worth holding for the yield imo.

[skyship] 09/12/2015 07:46

G'morning Leeds. I'm basically a Fundamental investor; and nowadays only in asset plays. That said I've always followed the Technicals ever since the early Point & Figure charts back in the 70s; in its most simplistic it does at least provide a picture of trend, support and resistance...

[leedsu36] 09/12/2015 07:39

You seem to be an expert at finding these 'charts' Sky.

[skyship] 09/12/2015 07:34

November NAV slightly down 2c @ 1438. At the offer price of 1083 the NAV discount = an above average 24.7% and the yield on the 50c dividend = 4.62%.

Seems good value; but hate the chart:


free stock charts from uk.advfn.com

[skyship] 16/11/2015 09:18

16 November 2015

NB Private Equity Partners Limited ("NBPE" or the "Company") today
published a new presentation for a series of meetings in the UK.

The updated presentations are attached and also available on NBPE's
website at:

[mad foetus] 12/10/2015 08:44

thanks sky, agree it can only be a good thing, and it would also make sense to change denomination to sterling at the same time.

[skyship] 10/10/2015 15:26

From the BTEM monthly Factsheet:

"Harbourvest Global Private Equity completed its long-awaited
move from the Specialist Fund Market to the Main Board of the
London Stock Exchange during the month, with shareholders now
fully enfranchised. This should bring long-term benefits to liquidity
and the broader appeal of the company. In the short-term, we
expect index tracker demand to have a positive impact on the
rating with the change to a Sterling quote facilitating entry into the
FTSE All-Share towards the end of the year. We continue to
encourage NB Private Equity, our largest listed private equity
holding, to make a similar move."

[mad foetus] 11/8/2015 09:11

up another 1% last month. With a 4% divi and the exposure to debt this looks a solid performer and I wasn't surprised Money Observer made it their PE choice for cautious investors for the second year running in the most recent issue.

[skyship] 08/7/2015 10:23

CDI - yes would like ARLE to get on with a disposal/IPO and begin to release some CASH from one of those 5 portfolio holdings; that said the stock looks mis-priced.

[mad foetus] 08/7/2015 09:34

The statement is totally obtuse - I hope they make it clearer next time. This is one of my long term banker shares - trading at a 19% discount because it is valued as PE when it is in fact 40% debt and yielding 4%pa. I'm trying to keep my hands in my pockets for a while as I decided to sell a lot in May and "go away". Have dipped my toe in recently into LXB, PIN and MVI, but am holding off looking for real bargains.

Not convinced by CDI yet, but I like the discount at CLDN and will look to move some of my global investment trust exposure there.

[skyship] 07/7/2015 18:09

MF - yes, still enjoying the great run in JPEL - $ denominated so doubly good the past 2-3weeks!

Now waiting on BPM, CDI & LMS. As you know, bought back into CDI very recently - couldn't resist the 50% discount to the last NAV declaration.

[skyship] 07/7/2015 18:05

Found it here:

[skyship] 07/7/2015 18:00

What a totally nonsensical NAV statement. Nowhere does it say what the NAV actually is!!!

[mad foetus] 21/1/2015 10:26

get back to your musculation young man!
I'm pretty pleased with the performance since I bought. I see PEY has been recommended by brokers but think RC Turner is right in being wary of euro weakness there. NBPE is in dollars and so should have a good tailwind there to add to returns. Of course, plenty of others are dollar denominated - I think your faves APEF and JPEL are. Along with commercial property I think the risk/return ratio in PE look the best in the market at the moment. But then I am preaching to the converted!

[skyship] 21/1/2015 10:22

...and of course on the back of yet another good NAV performance for December. Never should have parted with these!!!

12 January 2015

NB Private Equity Partners Limited ("NBPE" or the "Company"), a
closed-end private equity investment company, today announced an updated
Net Asset Value ("NAV").

30 November 31 December % Change in
2014 2014 NAV
Unaudited estimated NAV per share $13.78 $13.95 1.2%
Unaudited Total Return per share* $14.64 $14.81 1.2%

[mad foetus] 21/1/2015 10:01

big buy yesterday of 77,000 shares at $12 each. I suspect filling that order has been driving the share price up. Given the limited volumes traded on NBPE it may also in turn act as support.

[mad foetus] 25/11/2014 11:24

Hi Sky - I have a brokers note from Oriel making the point quite forcibly about the debt aspect and raising their target price to 12.10 (though TPs are always very conservative in the PE sector) and it was also Money observer's cautious recommendation in the PE sector a month or so ago. Clearly the share price has done very well over the past couple of years but I think there is more to come.

[skyship] 25/11/2014 11:11

Hi MF - I've obviously held NBPE in the past and should have retained rather than taken profits. But in spite of their good performance in growing their NAV by 11%YTD, I feel the share price to be up with events. At an offer price of 11.59 the yield = 3.88% and the NAV discount has now dropped to 16.1% - a tad low versus many peers.

Nevertheless, I agree, should be a good long-term holding.

Also, I will obviously need to look further at that "debt fund" aspect.

[mad foetus] 25/11/2014 10:09

well, I've bought in. The rating is comparable to normal PE funds but the direct investments and dividends mean it is similar in many ways to a debt fund, which should damp down volatility and merit a smaller discount imo.

[stupidboypike] 30/12/2013 11:33

I like that sky. Best regards sbp

[skyship] 30/12/2013 07:48

Good news - the long-term tap has finished: