Nb Private Equity Partners Share Discussion Threads

[essentialinvestor] 14/9/2021 13:57

Latest NAV update should be this week followed by the Capital Market Day this month.

[killing_time] 16/8/2021 07:44

NAV up 1.5% in July.

[skyship] 22/7/2021 12:00

Thnx for that you two. Very positive...

I've reposted on the PE thread - with suitable acknowledgement of course...

[spangle93] 22/7/2021 11:49

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 11:34

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

[skyship] 22/7/2021 08:53

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

[skyship] 20/7/2021 12:00

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

[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.