Nb Private Equity Partners Share Discussion Threads

[skyship] 16/7/2021 09:30

Thnx to dip6666 for posting this over at TLF:

[skyship] 15/7/2021 07:12

NBPE - Strong NAV Growth Drives 32% Growth in Dividend

15 July 2021

Highlights:

-- Semi-annual dividend of $0.41 per share, an increase of 32% to February
2021 dividend

-- The significant increase is driven by the Company's 22% growth in NAV1
year to date

-- Increase brings the annualised dividend yield on NAV to 3.0%, in line
with the Company's stated dividend policy; annualised share price yield
is 4.2% based on the closing share price of GBP14.25 on 14 July 2021.

[skyship] 13/7/2021 17:02

So NBPE shoots the lights out - AGAIN! Yet the Market still parsimonious, as at the higher 1440p the discount has risen yet again - now at 26.6%.

1500p very much on the cards in the short-term.

[riverman77] 13/7/2021 09:41

Another great update - even after today's rise this is still on a 27% discount. This along with ICGT (on a similar discount) look exceptional value given their long term track records. These two funds are also now largely focused on direct investments, which looks a lot more attractive than the previous fund of funds set up (lower fees, higher conviction portfolio) .

[alpal2] 13/7/2021 08:25

I wish all my investments were as well run as NBPE.

[killing_time] 13/7/2021 07:43

Big jump in NAV

[spin doctor] 18/6/2021 09:26

FWIW, NAV £18.30 at current exchange rate.

[alpal2] 18/6/2021 09:10

As with TFG [which is an even more egregious example] I would like fees / bonuses linked to share price not NAV. We may be surprised at the 'real' action management would take if this was the case.

[skyship] 18/6/2021 09:01

Yes, a good advance in $ terms; though effectively unchanged in £ terms.

At 1340p the discount remains anomalously high versus peers. They say they are committed to reducing the discount; but seem to think that doing constant presentations will do it for them.

They're a one-trick pony in that regard. They need to wake up and either make a large increase in the dividend; or commit to a serious buyback policy - maintaining the discount down at 15% perhaps.

[killing_time] 18/6/2021 07:55

NAV up again, monthly RNS.

[skyship] 02/6/2021 16:10

1355p-1365p....slowly making progress again...

[novision] 28/5/2021 15:09

Yep bought a few more earlier in the week as well. Same logic.

[skyship] 28/5/2021 14:29

Welcome - a wise choice. Peers HVPE, PIN, PEY & SLPE are on an average discount of 15.87%; whereas NBPE are on an anomalous discount of 25.1%

To be on that same 15.87% NBPE would have to be trading at 1504p! That's 12% up from where we are now.

We saw this anomaly a few weeks ago just before the jump from 1160p to 1400p.

[chester] 28/5/2021 09:51

I've bought some today.

[skyship] 22/5/2021 09:03

With more NAV gains baked in and with 46% of the portfolio at Dec'20 valuations, I'm surprised to see these still down at 1310p on a 26.7% discount. I reckon we're likely to see another attack on 1400p before too long...

[alpal2] 19/5/2021 10:04

Discount to NAV now bigger than usual at 26%. Norm seems to be 20%?

[killing_time] 18/5/2021 12:21

NAV up again today.

[skyship] 10/5/2021 21:21

Shackled by the weakening $ it would seem...

[badtime] 22/4/2021 22:17

Oh Sky well done again!Yes I agree with your comment regarding AEWU...they spiked at 95 today...I was tempted but passed....hmm yes it's possible the div will be rebased, but as things stand I'll stick ...wish I'd gone to 10% rather than the 7% allocation...hindsight is a wonderful thing

[skyship] 22/4/2021 16:48

BT - went to the market this morning - bought loads of plants including 8 tomato plants. Finished planting them in time to come in for the close - so in time to sell the 1000 in my trading a/c @ 1403.

Saw your AEWU post, well done you - 50% + the dividends of course. I see the dividend is even less covered the past qtr. Surely at some stage they'll have to bite that particular bullet and retreat to a covered dividend.

[badtime] 22/4/2021 15:36

Sky at least I had the good sense to go back in ..well done ..I just hold the zeros

[badtime] 22/4/2021 08:16

Lol...feeling the same

[skyship] 22/4/2021 08:10

Had to pay 1323p to get back the 1000 sold in my trading a/c; then higher for the 2000 top-sliced in my SIPP. Why sell just to take a good profit? My worst fault!

[skyship] 22/4/2021 07:09

Well, obviously sold a few too early - a remarkable NAV increase - £17.37!

NB: & with more to come...