P2p Global Investments Share Discussion Threads

[anley] 26/1/2017 10:28

LUCKYMOUSE........why should I sell - you silly person............I came in at the bottom on the basis that I was brought up in the City to manage portfolios which were described as "Assets at a Discount" and in fact I was the manager of a fund called Assets at a Discount Investment Trust. So nothing to do with all your flow indicators etc just plain old - what is something worth and why is is priced at a discount and that applies to P2P.

I told you I have set a limit and that is where I will exit..............

[luckymouse] 26/1/2017 00:10

Yes I did a course many yrs ago lol - classical - also not much use in reality lol. You have to experience the savage rigors of index trading and hang with some v good american traders if you want to see the real thing.

[aroon001] 25/1/2017 22:14

very interesting re Chaikin Money flow indicator & divergence.

I did the Chartered Markets technician level 1 course but many years ago so don't recall much of it.

[luckymouse] 25/1/2017 16:42

Well then sell & leave - simple as that. Otherwise you are just part of the discount issue - ironically!
Plus the trade log says there were plenty of small timers happy to punt it off the btm to the main line. If it breaks up at some point im sure the exact same crowd will be happy to punt it again??

[anley] 25/1/2017 15:54

YES but its the managers of the fund who are buying back the shares.....its as simple as that - no other buyers in sight as its such a dog and not that interesting a company for small shareholders...........basicilly is a disaster and the big boys behind it are doing what they are doing to save face.

[anley] 25/1/2017 13:08

Thanks but most of the buying is the management buying back around 25K shares per day. There are not too many smallish shareholders and the buying pattern is strange but as far as I am concerned I shall be out when this goes to 850p as that will have given me a huge return on capital employed in P2P.............

[luckymouse] 25/1/2017 11:45

There is buying at these levels for the 7% yield - chart shows a set up for a potential break out. The divergence reveals the fall is slowing/turning, strong money flow tells the volume has flipped to more buyers than sellers, the top trend line hasn't broken yet but may well do if this new buying trend continues. The potential B/O is of interest because when a down trend breaks a load of folks tend to jump in for a quick rise or because its proof its btm'd. With nav fairly static at c.1000 its mainly a yield/income play but with a historically larger than normal discount here for this asset could well turn into a trade also with 10-20% upside. The buyback program is supporting too and designed to reduce/manage the discount, which means the co want it to break up. Hope that helps.
ATB LM

[anley] 25/1/2017 09:57

LuckyMouse .........what are you trying to tell us please?

[anley] 20/1/2017 13:56

Thanks and an interesting comment on P2P high fee structure...........this should be altered to bring back cash in to the fund............

[davebowler] 20/1/2017 13:38

Numis;
Debt funds

For senior loans, Numis recommends the £995 Neuberger Berman Global Floating Rate Income fund as a core 'buy'. Its diversified exposure to the US loan market has a quality bias, while its current yield of 4.5% will float upwards as US rates rise.

Commenting on CLOs, the analysts said they were an "attractive way to enhance returns from senior loans, through leveraging up higher quality names, rather than venturing further down the credit spectrum".

The team also favour the $300m Fair Oaks Income and €330 Blackstone GSO Loan Financing funds for the subsector.

In the direct lending space, the core pick is the £173m Funding Circle SME Income, which "offers exposure to SME loans originated through the Funding Circle playform with an attractive fee structure".

Meanwhile, the £680m P2P Global Investments trust is a new trading 'buy' as it offers a value opportunity on a 20% discount, despite its high fee structure.

[anley] 12/1/2017 16:45

Good point so lets wait for the next set of news - exchange a few ideas and I will then send P2P our thoughts.

[aroon001] 12/1/2017 16:22

Thats like 0.2% of shares outstanding I think? Every little helps I suppose.

Think though would be better to have a tender offer once a quarter for 5% of the shares at say 10% below nav. That way share price would stay in line with nav much better. And if the company shares outstanding fell to say less than 30% of original issue size the company would be wound down.

[anley] 12/1/2017 15:27

So far 200,000 shares taken out of ciculation..........well that's a start to get the NAV back in to shape.........

[rl34870] 04/1/2017 18:26

Definitely feel share buyback announcement to support the share price is all about preserving Marshall Wace reputation. If it hadn't been made they could have been buying back at 7.30 rather than 8.00, 25000 shares a day saving 70p each that's £17500 extra saving EVERY day.

[aroon001] 04/1/2017 11:37

Looking forward to the December semi annual report.

I wonder if they will clarify the reasons for subpar performance. It cant be fx hedging given stable fx rates, cant be rising bond yields as that was in December not november, cant be the costs of the securitisation as that has passed. Can only be rising defaults which is not a good sign I think.

[anley] 29/12/2016 18:19

But they may well know that they have a serious problem so until they can come clean let them buy loose stock every day.

Once the year ends and we know the date of the year end figures then one can build the questions and of course one can go to the AGM, which I will do as I would like to meet people who seem unable to get me a reasonable return.

I am a member of a village investment club and our returns are stunning compared with many investment trusts run by young idiots in the City.

I am still a seller but not yet............

[aroon001] 28/12/2016 10:45

0.27% month on month again for November, and no commentary from fund manager.

Fund is levered almost 2 times which means underlying assets returning about 2% a year but have a coupon of 12%. makes no sense.

[anley] 23/12/2016 10:57

Lets put some meat on the bone..............

LONDON (Alliance News) - "VPC Specialty Lending Investments PLC said Thursday it has sold its portfolio of peer-to-peer loans originated via lending marketplace Funding Circle UK.

Although VPC did not disclose the exact price of the sale, it noted the portfolio had already been valued at its expected sale price on October 31 and it therefore expects the financial impact of the disposal to be "largely limited" to transaction costs. As at October 31, the loan portfolio represented 7.7% of VPC's net asset value.

"The sale helps accelerate the company's strategy of reallocating capital away from market place lending investments into balance sheet investments that have consistently generated higher returns with less volatility," said VPC".

I also noted that VPC was at a 17.9% discount to NAV but P2P is over 20% so does it stand to reason that the price of P2P should be up at around 850p to deliver the dividend return that the board has stated?

I wonder...................

If they can sell a portfolio then P2P could as there are buyers in the USA for this sort of investment.

[rl34870] 23/12/2016 10:00

VPC also announcing share buyback. Got to be a better use of these companies capital, automatic 30% increase at current price levels.

[rl34870] 22/12/2016 16:38

At least they could have done the buyback after the price went south instead of before!