Nb Private Equity Partners Share Discussion Threads

[nimbo1] 16/7/2019 09:46

Agreed - nothing more dozy than the share price of a PE trust allowing plenty of time to buy!

[skyship] 16/7/2019 07:29

30 June 2019 NAV per Share of $18.72 (GBP14.71) increased $0.29 (GBP0.09) from $18.43 (GBP14.62) 31 May 2019 NAV per Share.

That was with Cable @ 127.34....now @ 125.2 the NAV is up to 1495 and the discount up to 24.4%. Way out of line against their peers. A quick move to 1150 beckons...

[mad foetus] 10/6/2019 08:26

Hard to see share price falling while they are buying back, and with potential for further uplifts looks very good imo. I continue to hold.

[stevebarrett86] 06/6/2019 10:01

Looking at those good upwards revaluations maybe Woody needs to talk to NB about which unquoted companies to buy into ?

[skyship] 06/6/2019 09:40

WOW! - A large revaluation for the April NAV - up 3.6% to $18.57, that = 14.62 at 1.27 exchange rate. Takes the discount up to 24.4% at the improved 1105p.

Made a small top-up at 1093.5p this morning...

[skyship] 05/6/2019 07:27

Pleased to see a chunky buyback. Good thing to as these are rather undervalued versus their peers at 22.6% discount versus 18.8% average for others; and 15.8% for HVPE:- NBPE & HVPE often move in discount tandem.

Transaction on London Stock Exchange


Date of purchase of Shares 4 June 2019
Number of Shares purchased 100,000 Class A Shares
Highest price/lowest price paid GBP10.75 / GBP10.75

[mad foetus] 10/9/2018 07:32

Just updated the June NAV, adding an extra 71c. No explanation I can see but good news

[mad foetus] 05/9/2018 10:10

Stifel issued a buy note today. I still hold but not much to say!

[rambutan2] 30/7/2018 19:38

Good to hear a couple of shareholders feeling rightly disgruntled about the too wide discount. Here them grumble on the last presentation call in...

[skyship] 19/7/2018 10:09

Good news - a worthwhile increase in the dividend - see today's NEWS in Header

[skyship] 13/7/2018 15:27

20 JUL'17: NBPE Announces its Second 2017 Semi-Annual Dividend

So we should see the next divi announcement next week.

[mad foetus] 28/6/2018 16:19

Still hold these, a decent port in a storm

[skyship] 26/6/2018 07:07

31 May 2018 NAV per Share of $17.42 (£13.10) increased $0.18 (£0.58) from $17.24 (£12.52) NAV per Share at 30 April 2018

[skyship] 20/6/2018 14:03

HVPE today announced a great May performance. NBPE's announcement should be tomorrow or Friday. I'm looking for a similarly positive outcome; actually potentially better.

Because of the strong $ at 1:33 end May, there has to be a good chance that the NAV will break 1300p...

[rambutan2] 29/5/2018 19:33

I was a bit surprised they thought more leverage was required at this time in the cycle. I would rather they were a bit cautious and bide their time.

[rambutan2] 29/5/2018 19:26

Noted that the new Zs GRY is at the full 4.25%:

(The GRY of the 2024 ZDP Shares will be determined by way of a book-build
reflecting orders received pursuant to the Issue. Potential investors
will be asked to indicate the number of 2024 ZDP Shares they wish to
acquire at different GRYs, ranging between 3.25 per cent. and 4.25 per
cent. (in five increments of 0.25 per cent. each), or at the strike GRY.
All applications for 2024 ZDP Shares received pursuant to the Initial
Placing and Offer for Subscription will be aggregated, showing the
amount of demand at each GRY. The 2024 ZDP GRY shall be set at the
lowest GRY at which applications under the Initial Placing and Offer for
Subscription, have been received subject to a minimum issue size of 20
million new 2024 ZDP Shares being achieved.)


NB Private Equity Partners Limited ("NBPE" or the "Company"), a
closed-end private equity investment company, today announced a
successful issuance of 2024 Zero Dividend Preference Shares ("2024 ZDP
Shares") of GBP50 million at a Gross Redemption Yield ("GRY") of 4.25%.
The issuance is conditional on the admission of the 2024 ZDP Shares to
trading on the Specialist Fund Segment of the London Stock Exchange's
Main Market (the "SFS"), which is expected to become effective on 30 May
2018.

Summary

-- Issue of 50,000,000 new 2024 ZDP Shares at 100 pence each

-- Gross Redemption Yield set at 4.25%

-- Final Capital Entitlement of 130.63 pence per 2024 ZDP Share on the
repayment date of 30 October 2024

-- The Issue was over-subscribed at a GRY of 4.25% and therefore elections
and applications have been scaled back in line with the policy set out in
the Prospectus

[skyship] 29/5/2018 18:56

At $1.33 the NBPE NAV climbs to 1296p and the discount climbs to 23.6%! Way higher than all peers...

[spob] 23/5/2018 20:56

fair enough sky

hope I am still as sharp as you when/if I get to 70 :)

[skyship] 23/5/2018 20:52

Certainly agree with the last. Lost 31% in '08, which mercifully was followed by '09 - the best year ever with a gain of 85%!

As I've detailed in the Headers of the JDT thread, my average gain is a mere 13%pa; but I'm resigned to lower figures in the future as I am in Income Drawdown mode @ 8%pa, so happy to achieve that in now my 70th year...

[spob] 23/5/2018 20:25

somewhere between 15 and 20 on average

some years much more and sometimes negative eg 2008/09

one key factor is not selling when there is panic in the markets. not selling when prices become silly.

[skyship] 23/5/2018 18:05

spob - before I answer - is that 20%pa you're aiming for? If so; have you been achieving that over time?

[spob] 23/5/2018 15:32

Yes but am I right in thinking that you mainly invest for income and safety of capital.


I tend to shun some investments even if I know they could almost guarantee me 8% per year because I am aiming for 20 minimum and taking inflation away from 8% doesn't leave much in the way of progress.

If banks were paying 8% interest after tax would I stop investing in shares? Perhaps if the rate of inflation was permanently zero or negative. But that's never going to happen. So the answer is no. I have to aim high.

[skyship] 23/5/2018 15:08

As a value investor I've had pretty slim pickings recently; so for me 3%-5% is something to welcome with alacrity...should it come of course!

[spob] 23/5/2018 14:53

yes you are right Sky i'm just mucking about

[skyship] 23/5/2018 12:51

Breakout looks to be 5% to c1050p...