Nb Private Equity Partners Share Discussion Threads

[spangle93] 22/7/2021 10:49

This link works...

Conclusion
NBPE currently trades on a discount to NAV of 27% and is unique in the listed private equity sector, given that it invests through co-investments directly into private equity companies without the need for significant long-term commitments. With gearing having significantly reduced over the past 12 months, NBPE is now 112% invested and is in a strong position from a balance sheet perspective. Perhaps as a sign of the health of the balance sheet, as well as confidence from the board, NBPE has also announced a significantly higher semi-annual dividend (paid from capital). The next payment will be $0.41 per share, representing a 32% increase from the February 2021 dividend. This represents a dividend yield of 3.0% of NAV, which is in line with NBPE’s stated dividend policy. At the current share price of 1425p, the prospective yield to investors is 4.2%.

NBPE appears well placed to continue to deliver strong NAV returns. As such, the current discount of 27% could potentially be an attractive entry point to gain access to a diversified portfolio of the top private equity deals, in a vehicle which charges a single layer of fees only (no management fee or carried interest payable on the vast majority of co-investments), but continues to show strong momentum.

[davebowler] 22/7/2021 10:34

hTT
ps://www.trustintelligence.co.uk/articles/news-flash-update-nb-private-equity-partners-jul-2021

[skyship] 22/7/2021 07:53

Well, unsurprising to see a few sells at 1500p XD. ie, 1530p equivalent.

[skyship] 20/7/2021 11:00

Great - NBPE hits £15.....now for the run to £16...

[skyship] 16/7/2021 08:30

Thnx to dip6666 for posting this over at TLF:

[skyship] 15/7/2021 06:12

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 16:02

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 08:41

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 07:25

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

[killing_time] 13/7/2021 06:43

Big jump in NAV

[spin doctor] 18/6/2021 08:26

FWIW, NAV £18.30 at current exchange rate.

[alpal2] 18/6/2021 08:10

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 08:01

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 06:55

NAV up again, monthly RNS.

[skyship] 02/6/2021 15:10

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

[novision] 28/5/2021 14:09

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

[skyship] 28/5/2021 13:29

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 08:51

I've bought some today.

[skyship] 22/5/2021 08:03

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 09:04

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

[killing_time] 18/5/2021 11:21

NAV up again today.

[skyship] 10/5/2021 20:21

Shackled by the weakening $ it would seem...

[badtime] 22/4/2021 21:17

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 15:48

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.