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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nb Private Equity Partners Limited | LSE:NBPE | London | Ordinary Share | GG00B1ZBD492 | ORD USD0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 100.00 | 6.10% | 1,740.00 | 44,762 | 16:35:01 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1,710.00 | 1,730.00 | 1,730.00 | 1,640.00 | 1,640.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | USD 89.54M | USD 27.07M | USD 0.5854 | 36.30 | 758.3M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:01 | UT | 20,035 | 1,740.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/7/2024 | 07:00 | UKREG | NBPE Announces June Monthly NAV Estimate & 2H 2024 Dividend Payment |
| 20/6/2024 | 15:05 | UKREG | NB Private Equity Partners Limited: Director/PDMR Shareholding |
| 20/6/2024 | 07:00 | UKREG | NBPE Announces May Monthly NAV Estimate |
| 12/6/2024 | 14:13 | UKREG | NB Private Equity Partners Announces Results of Annual General Meeting |
| 29/5/2024 | 07:00 | UK RNS | NB Private Equity Partners Limited Kepler Trust Intelligence: New Research |
| 29/5/2024 | 07:00 | UKREG | NBPE Announces April Monthly NAV Estimate |
| 14/5/2024 | 17:52 | UKREG | NBPE Publishes Notice of AGM |
| 25/4/2024 | 15:38 | UK RNS | NB Private Equity Partners Limited Results analysis from Kepler Trust.. |
| 24/4/2024 | 07:00 | UKREG | NBPE Announces Audited 2023 Results and 31 March 2024 Est. NAV |
| 20/3/2024 | 07:00 | UKREG | NBPE Announces February Monthly NAV Estimate |
Nb Private Equity Partners (NBPE) Share Charts1 Year Nb Private Equity Partners Chart |
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1 Month Nb Private Equity Partners Chart |
Intraday Nb Private Equity Partners Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/7/2024 | 17:29 | Growth to continue from Private Equity... | 520 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:35:01 | 1,740.00 | 20,035 | 348,609.00 | UT |
| 2024-07-26 15:29:33 | 1,730.00 | 147 | 2,543.10 | AT |
| 2024-07-26 15:26:43 | 1,730.00 | 72 | 1,245.60 | AT |
| 2024-07-26 15:26:24 | 1,730.00 | 76 | 1,314.80 | AT |
| 2024-07-26 15:24:00 | 1,730.00 | 25 | 432.50 | AT |
| Top Posts |
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Posted at 26/7/2024 09:20 by Nb Private Equity Partners Daily Update Nb Private Equity Partners Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker NBPE. The last closing price for Nb Private Equity Partners was 1,640p.Nb Private Equity Partners currently has 46,237,719 shares in issue. The market capitalisation of Nb Private Equity Partners is £982,551,529. Nb Private Equity Partners has a price to earnings ratio (PE ratio) of 36.30. This morning NBPE shares opened at 1,640p |
Posted at 17/7/2024 14:59 by speedsgh NBPE Announces June Monthly NAV Estimate & 2H 2024 Dividend Payment - NAV Highlights (30 June 2024) ~ NAV per share was $27.39 (£21.67), a decrease of 0.4% in the month ~ Q1 2024 private valuations up 2.4% on a constant currency basis; year to date performance offset by quoted holdings and foreign exchange adjustments ~ $386 million of available liquidity at 30 June 2024 ~ 2H 2024 dividend of $0.47 per share, in-line with the previous dividend in February 2024. Annualised dividend yield on 30 June 2024 NAV of 3.4%; annualised share price yield is 4.4% based on the closing share price of £16.70 on 15 July 2024 ~ 98% of the portfolio valued based on Q1 2024 private valuations or quoted holdings as of 30 June 2024.2 Q2 2024 private company valuation information is expected in the coming weeks NAV performance during the month driven by: ~ 0.2% NAV decrease ($2 million) from the receipt of additional private company valuation information ~ 0.3% NAV decrease ($4 million) from negative FX movements ~ 0.2% NAV increase ($3 million) from the value of quoted holdings (which now constitute 6% of portfolio fair value) ~ 0.1% NAV decrease ($2 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability NBPE announces the 2H 2024 dividend of $0.47 per share, in-line with the previous dividend in February 2024. The dividend timetable is set forth below: Distribution amount: $0.47 per Share Ex-dividend date: 25 July 2024 Dividend record date: 26 July 2024 Final day for Currency Election: 2 August 2024 Final day for Dividend Re-investment Plan Election: 2 August 2024 Payment date: 30 August 2024 |
Posted at 21/6/2024 13:05 by speedsgh NBPE Announces May Monthly NAV Estimate - NAV Highlights (31 May 2024) ~ NAV per share was $27.50 (£21.60), an increase of 0.6% in the month ~ Performance driven by increase in private valuations which were up 2.1% relative to Q4 2023 and positive foreign exchange adjustments, offset by quoted holdings ~ $28 million invested in FDH Aero in May; total of $75 million invested year to date in new and follow-on investments ~ $380 million of available liquidity at 31 May 2024 ~ 93% of the portfolio valued based on Q1 2024 private valuations or quoted holdings as of 31 May 2024 NAV performance during the month driven by: ~ 0.6% NAV increase ($8 million) from the receipt of additional private company valuation information ~ 0.5% NAV increase ($6 million) from positive FX movements ~ 0.2% NAV decrease ($3 million) from the value of quoted holdings (which now constitute 8% of portfolio fair value) ~ 0.4% NAV decrease ($4 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability [continues] |
Posted at 29/5/2024 10:33 by speedsgh Kepler's (paid for) view:"With realisation activity having increased in H2 2023, NBPE has stepped up the pace of investment in 2024. NBPE has a number of competing options for its cash, including the Dividend, buybacks, or funding investments. Any option must further consider the maturity of the 2024 ZDPs in October, which the board have announced their intention to repay. As we discuss in the Gearing section, NBPE has a strong balance sheet which gives the managers and board plenty of flexibility to be opportunistic. In our view, as we discuss in the Discount section, buybacks will continue to be opportunistic and tactical, and the dividend will remain the main way capital will be returned to shareholders. We think the board’s three pillars make sense over the longer term. Absent an aggressive buyback programme, lower interest rates, growth in the underlying private equity companies, and higher realisation activity may be catalysts for the discount to narrow. Whilst realisation activity is arguably the most visible value driver for private equity portfolios, it is very far from being the only driver. As we discuss in the Portfolio section, private equity managers have plenty of other levers at their disposal to drive value creation within portfolios. NBPE’s underlying companies continue to deliver strong growth and are increasingly mature. This means that if interest rates start to fall, precipitating a rebound in deal activity, NBPE should be in a strong position to capitalise. Investors who are taking a long-term view may see the current discount to NAV as a potentially attractive entry point." |
Posted at 29/5/2024 10:18 by speedsgh NBPE Announces April Monthly NAV Estimate - NAV Highlights (30 April 2024) ~ NAV per share was $27.33 (£21.83), an increase of 0.1% in the month ~ Performance driven by increase in private valuations which were up 1.5%, offset by quoted holdings and negative foreign exchange adjustments ~ $45 million invested through 30 April 2024 in new investments and follow-ons ~ $358 million of available liquidity at 30 April 2024 ~ 66% of the portfolio valued based on Q1 2024 private valuations or quoted holdings as of 30 April 2024 NAV performance during the month driven by: ~ 1.5% NAV increase ($19 million) from the receipt of additional private company valuation information ~ 1.0% NAV decrease ($13 million) from the value of quoted holdings (which now constitute 8% of portfolio fair value) ~ 0.3% NAV decrease ($4 million) from negative FX movements ~ 0.2% NAV decrease ($2 million) attributable to expense accruals and changes in the Zero Dividend Preference share (ZDP) liability [continues] |
Posted at 20/5/2024 10:54 by speedsgh Any chartists following this? I'm no expert but it looks like the share price has traded within a symmetrical triangle since start 2022 so there's going to have to be a break out from the triangle either way in the near future. Any there any other indicators suggesting which way it might break? |
Posted at 24/4/2024 22:23 by speedsgh Sorry @ali47 - you'll have to read yourself and come to your own conclusions. NBPE is on my watchlist but too much going on at the moment to look at the results in any detail. |
Posted at 24/4/2024 12:46 by speedsgh Est. NAV per share of $27.30 (£21.61) at 31/3/24 vs $28.07 (£22.02) at 31/12/23...NBPE Announces Audited 2023 Results and 31 March 2024 Est. NAV - |
Posted at 14/1/2024 22:31 by nexusltd @skyship. Thank you for your post#488, which prompted a review.1. You are absolutely right in looking @ Total NAV return data which also include reinvested divis +ve and fees -ve. On this basis NBPE’ compares poorly with APEO, HVPE & PIN on 3 and 5 year Morningstar data. 2. From AIC screen data of 29 December 2023, the NBPE 3 yr & 5 yr share price average discount to NAV is 29%, 28%, using the 30/11/23 estimated NAV of $27.70, current discount is c. 26%. So not much to go for on this basis. The APEO 3 yr & 5 yr share price average discount to NAV is 32%, 29%, using the 30/11/23 estimated NAV of 761.4p, current discount is c. 39%. More to go for. 3. Again from AIC screen data; NBPE’s NAV total return 10 Year Annualised (%), looks better at 14.8%, just pipping APEO at 14.6%. On a 10 yr view, best performer first, 3i, HGT, HVPE, NBPE, APEO, … Lower fees having increasing impact with longer time frames may be contributing to improved relative performance. 4. From NBPE November fact sheet. Maturity profile 2017-2019 inclusive (ignoring older holdings) = 60%. 2023 (poor year) exit uplift 17%. From APEO November factsheet maturity profile 2017-2019 inclusive = 47%. The APEO factsheet does not reveal % holdings older than 6 yrs, so included in the 47% & potentially long term/stale. Likelihood of near term NPBE NAV increase due to valuation uplift on exit > APEO’s. Conclusion. In my view the tactic of disposing of NBPE in favour of APEO on the grounds of APEO’s higher discount wrt to long term averages is sound. Keep in mind however the higher probability of NBPE’s more mature portfolio offering a significant NAV uplift on exit as PE markets re-open. As I am looking to increase my allocation to PE I’m opening a position in APEO. |
Posted at 11/1/2024 17:10 by speedsgh NBPE Announces 1H 2024 Dividend - William Maltby, Chairman, commented: “Today’s announced $22m dividend represents the 23rd consecutive dividend payment to be made to shareholders, taking total capital returned to shareholders via dividends to $338 million since 2013. Given the continued strong realisation activity in the portfolio, with $171 million of realisation proceeds received in 2023, the Board has also increased the Company’s existing allocation to buybacks.” 1H 2024 Dividend & Approach to Capital Allocation ~ 1H 2024 dividend payment of $0.47 per share to be paid on 29 February 2024 ~ Annualised dividend yield on 30 November 2023 NAV of 3.4% and 4.5% on closing share price of £16.55 on 10 January 2024 ~ Since 2013, NBPE’s average annualised dividend yield is 4.3% (based on the time of announcement) ~ Increase in the existing capital allocation to share buybacks; funds allocated and will remain allocated to buybacks ~ The Board intends to repay the Company’s 2024 ZDPs in October 2024 |
Posted at 04/1/2024 10:53 by spangle93 NBPE chosen by Kepler boss as his pick for the year. For balance, his suggestion at the start of last year was down 12%.For 2024 I am switching asset class, but remaining in private markets, where I continue to think there is significant potential for skilled investors to add considerable alpha. My pick is NB Private Equity Partners (NBPE), which is a private equity trust which focusses solely on co-investment. This is a process where private equity managers invite third-party investors such as Neuberger Berman (NB) into selected deals. NBPE is an equity investor, and sits alongside these third-party managers, typically on a fee-free basis. NB have long experience in co-investing and selects only those investments which it think have a strong likelihood of success. The historic track record is strong, but returns have been relatively muted since the end of 2021 as a result of two headwinds which in our view are starting to roll off. Firstly, during 2021 several of NBPE’s successful investments chose to IPO as a means of starting the exit process. NBPE remained invested in a rump of these quoted investments, which were negatively affected by the downturn in equity markets during 2022. At the same time, rising interest rates led to a significant slowdown in realisation activity, from the boom years of 2020 and 2021. NBPE is in a strong position to weather a deal slowdown, because of the deal-by-deal way in which it deploys capital. As such, the trust is very unlikely to find itself overextended because of commitments, and it can deploy capital opportunistically. The portfolio is increasingly mature, meaning that many of the investments may be at a stage where the sponsor (or private equity manager leading the deal) is looking to crystallise value gains through a transaction. The portfolio of mainly US-headquartered companies has delivered strong earnings growth over past years, a function I believe of the strong stock picking delivered by NB. There is no guarantee of course that this will continue, but I believe that private equity-backed companies are more resilient than those on quoted markets. Fundamentally, the private equity industry has developed such that the resources that managers can lean on to support investee companies’ management is huge. They can react quickly to changed circumstances, and gain market share when dynamics change. Certainly, private equity-backed companies do tend to be more enthusiastic users of borrowing. However, we believe that there is evidence that whilst higher rates are a headwind, they are not an insurmountable or life-threatening challenge, especially as interest rates look to be on a downward trend. NBPE’s discount has narrowed from its widest levels but still sits at a discount to NAV of c. 25%. Of more interest, in our view, is the latent potential of its investments. If deal activity starts to normalise thanks to interest rates starting to fall from their peak, then we believe there is potential for some strong progress on the NAV front. We think it is likely that dividends will remain the primary route for returning capital to shareholders. Over the last ten years, NBPE has returned c. $375m of capital, of which the majority has been through dividends that add to $316m over the period. NBPE’s board has not ruled out share buybacks, and so if the share price doesn’t keep up with the NAV, it clearly has to be an interesting and accretive avenue for re-deploying capital from realisations. A potential tailwind to the investment case, given that the portfolio is denominated in US dollars (USD), is recent USD weakness, which has fallen from 1.21 to the pound at the start of October, to 1.27 at the time of writing. Certainly, there are those (including FT journalists) who believe that private equity valuations are opaque and too high, and riding for a fall in the new era of higher interest rates. I’m not of the same view, believing that private equity managers, such as those that NB partners with for NBPE, create value in a repeatable process over cycles. NBPE is a great way to access this talent, hence why I am picking it as my trust for 2024. |
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