Nb Private Equity Partners Share Discussion Threads

[essentialinvestor] 18/10/2021 11:00

Should get a NAV update this week.

[essentialinvestor] 15/10/2021 13:09

Above £16 now and hopefully heading past the recent £16.30 plus high.

[essentialinvestor] 08/10/2021 12:57

Director buying.

[essentialinvestor] 07/10/2021 18:03

As NBPE have highlighted the potential for more near term exits and particularly given the premium to carrying value that recent exits have sold on, the current SP
still looks very cheap. On the proviso markets remain supportive, something
closer to £17 may be very doable.

[skyship] 07/10/2021 14:01

Also buying PIN. At 2845 they are now on a discount of 26.7% - crazily high figure, especially as (same with NBPE) the next monthly discount will reflect further FX gains.

[skyship] 07/10/2021 11:52

Indeed. Happy to have bought more yesterday @ 1533...

[essentialinvestor] 07/10/2021 08:26

Bounced off the early September low area, so with a fair wind £16 +
should be attainable again.

[essentialinvestor] 07/10/2021 07:27

Cheap as chips near these levels IMHO.

[skyship] 05/10/2021 16:02

Bought back part of a top-slice @ 1535p.

Discount 25.5%; Yield 3.84%.

[essentialinvestor] 04/10/2021 16:28

One aspect to be mindful of with NBPE is a chunky exposure to tech,
so if high growth tech sells off on growing inflationary concerns, there may possibly
be a short term hit here.

As mentioned previously Constellation Automotive Group might want to IPO sooner
rather than later with current markets so supportive.

[essentialinvestor] 04/10/2021 10:10

September's Capital Markets Day presentation.

[essentialinvestor] 26/9/2021 14:02

Constellation automotive group might want to consider an IPO sooner rather than
later, while market conditions remain so supportive.

[skyship] 20/9/2021 07:48

NBPE punch the lights out AGAIN. NAV in August up 5.8%. That is now 29.7%YTD.

At the much improved 1635p the discount is up this morning to 20.7%; and the yield still 3.6%.

[essentialinvestor] 17/9/2021 12:08

Very nice week, sold a small amount.

[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...