Nb Private Equity Partners Share Discussion Threads

[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...

[cwa1] 21/4/2021 14:52

Well, if YOU lot are all bailing then I suppose I best not be left on my own in here...

Seriously though, it has been quite the run and I like to leave a little in for the next man. Just not TOO much, hopefully :-)

[spittingbarrel] 21/4/2021 14:10

Just sold at 1298, obviously some serious demand out there.

[skyship] 21/4/2021 11:42

BT - top-sliced in my SIPP & sold in my trading a/c - both at 1279. A very nice trade benefiting from what was an obvious anomaly.

[spittingbarrel] 08/4/2021 10:23

All of the trades around 11.92 this morning are buys, I've just bought a couple of thousand at that price.

[badtime] 29/3/2021 17:40

Back in again today after making a small turn ..possibly too early

[skyship] 16/3/2021 07:10

deadly - HVPE disc. = 14.8%.

OCI higher at 28%. Always high for very good historical reasons; though management state lessons learnt!

[deadly] 15/3/2021 23:22

But HVPE and OCI at least are even better value.

[skyship] 12/3/2021 10:10

Just been updating my PE spreadsheet of 18 trusts.

Taking a snapshot of 5 of NBPE's peers (ICGT, HVPE, PEY, PIN & SLPE) the average discount = 14.9%.

Only SLPE have declared February, but even allowing for, say, an average NAV increase of 1.5% across the others, the average discount would still be 16%.

At 1185p NBPE is on a 23.7% discount. To match that 16% figure the share price would have to rise 10.1% to 1305p.

Only a bit of fun; but for sure NBPE are again very good value.

[skyship] 12/3/2021 10:09

AGREED - Certainly don't tar NBPE with TFG's very dirty brush - one of the most egregious cases of mismanagement on the whole LSE.

[skyship] 12/3/2021 08:30

I was concerned about February valuations due to the 2% falls in both the $ & the Euro.

NBPE however surprised with high valuation gains, so UP 2.6% in $ terms; and still up 1% in £ terms.

Accordingly NBPE are once again outstandingly good value versus their peers. I've bought back in at c1180p this morning.

[skyship] 03/2/2021 11:26

These went XD the 31c increased divi on 28th January.

[skyship] 13/1/2021 07:34

NBPE Dec. NAV up 11c to $21.11, ie at 1:36 exchange rate = 1552p.

Discount at 1160 = 25.3%, higher than most peers.

[skyship] 11/12/2020 20:57

I particularly liked the comment below:
======================================

Key Highlights

10.3% year to date total return NAV growth and 30 November 2020 NAV per share of $20.42 (GBP15.30), an increase of 6.9% compared to the 31 October 2020 issued monthly NAV estimate of $19.11 (GBP14.78). This corresponds to a total NAV increase of $61.3 million from $893.8 million at 31 October 2020 to $955.1 million

Peter Von Lehe, Managing Director of Neuberger Berman commented:

"We are extremely pleased with the performance of NBPE's portfolio and its underlying companies in 2020 year to date and believe the 10.3% year to date total return NAV growth demonstrates the high quality of the portfolio's assets. The focusing of NBPE's portfolio to predominantly direct equity investments, together with the positioning of those investments in sectors and end markets which have generally proven to be resilient through the pandemic, have resulted in NBPE's direct equity investments producing over $120 million of total gains in 2020 year to date. In addition, including the expected realisation events in December, the portfolio has generated approximately $188 million of realisations in 2020. Overall, the portfolio is performing well and is maturing and with a weighted average direct equity investment holding period of 3.3 years, we believe NBPE's portfolio is well positioned for future additional liquidity."

[badtime] 11/12/2020 17:51

Might increase my exposure to the zeros

[riverman77] 11/12/2020 10:32

Very solid update and now on an almost 30% discount, which is out of kilter with rest of sector which is typically around 20%. Also pays a nice 4% dividend.

[deadly] 11/12/2020 09:51

Good results.
monthly return NAV 6.9%