Nb Private Equity Partners Share Discussion Threads

[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...

[spob] 23/5/2018 09:57

yes but not easy to get exited about a possible 3% breakout :)

[skyship] 23/5/2018 08:37

At today's forex rate of 1.34 the NAV here is now up to 1287p; so the NAV discount also climbs to 23.1%...

NBPE should now be up at the 1035/50p level, not languishing down at 990p.

So IMO expect a chart breakout imminently.


free stock charts from uk.advfn.com

[skyship] 18/5/2018 09:56

# 30 April 2018 NAV per Share of $17.24 (£12.52) increased $0.11 (£0.29) from $17.13 (£12.23) NAV per Share at 31 March 2018

# NBPE's NAV increase of $5.0 million during the month of April included:

~ $2.8 million of unrealised gains attributable to the receipt of new valuation information, or $0.06 per share
~ $3.0 million of other unrealised gains, or $0.06 per share, attributable to gains from public securities and realisations adjustments, which were slightly offset by mark-to-market losses
~ $1.3 million of accrued cash and PIK interest from the income investment portfolio, or $0.03 per share
~ $2.1 million decrease in NAV attributable to value changes to other assets and liabilities during the month
============================

With the $ now at 1.35 the NAV is at £12.77 - but with 2/3rds of the investment portfolio at Dec'17 valuations there would seem to be plenty of growth still to come through...

[skyship] 02/5/2018 11:11

The US$ rose 2.5% v. the £ in April; so we are quite likely to see a good rise in the April NAV.

[mad foetus] 30/4/2018 08:54

Good call sky. I am still here, long term holding for me.

[skyship] 28/4/2018 17:10

In view of the current $ strength and the recent uptick in the Private Equity sector, I decided to take a look at the Premium/Discount stats. Bear in mind that the largest $ exposures are HVPE, NBPE & PIN.

FPEO----380p----6.4% PREMIUM (tho to Dec'17; so s/b an increase in underlying NAV)
ICGT----860p---10.3% Discount
HGT----1885p----2.4% Discount
HVPE---1234p---20.0% Discount
NBPE----965p---22.2% Discount
PEY----1086p----5.6% Discount
PIN----1940p---14.3% Discount
SLPE----338p---13.2% Discount

Average discount now = a mere 10.2%

NBPE looks to be a stand out buy based only upon this admittedly rather crude analysis; but "BUY the ANOMALY" is something I believe in, so bought in @ 965p.

Investor Presentation:

[rambutan2] 06/4/2018 18:27

To peruse:

[skyship] 25/1/2018 12:32

XD the 25c divi today

[skyship] 27/7/2017 08:12

XD the 25c divi today

[rambutan2] 31/5/2017 18:42

NBPE enters ftse smallcap and ftse allshare:

[rambutan2] 02/5/2017 11:43

Good, but may cause confusion re charts etc for a few days:

NB Private Equity Partners Limited ("NBPE" or the "Company"), a
closed-end private equity investment company announces that its Class A
Shares have today been admitted to the Official List of the UKLA and to
trading on the Premium Segment of the Main Market of the London Stock
Exchange ("Admission").

The Company's transition from the Specialist Fund Segment to the Premium
Segment is expected to broaden the appeal of the Class A Shares to a
wider range of investors, improve the Company's ability to market the
Class A Shares to retail investors (where appropriate), an increasingly
important source of demand for listed private equity funds, and improve
liquidity in the Class A Shares.

Furthermore, the Board has taken steps to facilitate the Company's
eligibility for inclusion in the FTSE UK Index Series, which would help
raise the Company's profile in the market. In particular, the Company's
market quote on the London Stock Exchange has been redenominated into
Sterling. There will be no changes to the legal form or nature of the
Class A Shares nor to the reporting currency of the Company's financial
statements (which will remain in US Dollars) as a result of the London
Stock Exchange market quote being in Sterling.

The Class A Shares will continue to be traded on Euronext Amsterdam in
US Dollars. The ISIN for the Class A Shares is unchanged (ISIN:
GG00B1ZBD492). The ticker on the London Stock Exchange will continue to be NBPE.

[luckymouse] 08/3/2017 12:31

nice runnings

[mad foetus] 31/1/2017 08:04

Stifel have upgraded today to $13.20 target

[mad foetus] 15/12/2016 07:44

I wonder whether they have changed their valuation methodology - it was very conservative before. Still, great progress.

[skyship] 15/12/2016 07:24

NAV up 2.1% to $15.32 in November:

[skyship] 11/11/2016 07:49

An extract from BTEM's October factsheet:
=========================================

NB Private Equity Partners’ discount continued to grind tighter with NAV growth aided by an IPO of its top holding, an equity co
-investment in Extraction Oil & Gas (XOG) made alongside Yorktown Partners. XOG, which owns land in the Colorado DJ Basin, accounted for 2.7% of NBPE’s NAV prior to its listing which came at a price equating to a near-70% uplift over
carrying value. XOG then traded up further with the share price at month-end representing an 86% increase over carrying value.

Aside from the obvious benefit of an increase in NAV, this transaction al
so serves to highlight the conservative nature of valuations in NBPE’s portfolio.

[skyship] 10/11/2016 07:40

We had a good October - NAV up 2% at $15.04: