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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| P2P Global C | LSE:P2PC | London | Ordinary Share | GB00BV7L9053 | ORD C 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,047.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1,047.50 | GBX |
P2P Global C (P2PC) Share Charts1 Year P2P Global C Chart |
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1 Month P2P Global C Chart |
Intraday P2P Global C Chart |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 29/4/2015 16:25 by davebowler Liberum;C share deployment progressing well March was a record month for deployment due to organic growth with existing platforms and the addition of new platforms. P2PGI deployed 32% of the C share proceeds in the two months since the raise. By way of comparison, 29% of the ordinary shares were deployed over the same time period after the IPO and the ordinary shares benefited from pre-secured capacity ahead of launch. 87% of the deployed C share capital has been allocated to US loans (77% in US consumer and 10% in US SME). European exposure as a percentage of total deployment increased marginally n the month from 9% to 11% and this should continue to rise gradually going forward. |
Posted at 27/3/2015 13:29 by davebowler Liberum;BUY Target price 1400p | Published price 1143p P2PGI has delivered an upbeat monthly report for February with strong deployment of the C share proceeds (15% invested). NAV returns for the ordinary and C shares were 0.6% and 0.2% respectively. We estimate an annualised ROE of 7.7% based on the last 3 months for the ordinary shares and this should gradually improve going forward with the introduction of leverage. Portfolio diversification continues to increase and P2PGI now has relationships with 14 different platforms (vs 5 at the time of the IPO) and an increasing equity investment pipeline. P2PGI trades on a p/NAV of 1.13x yielding 7.8% in 2015. Strong start to C share deployment February represented an encouraging start for the C shares with over 15% of net proceeds invested from the £250m issue at the end of January. The deployment has followed a similar pattern to the ordinary shares with over 90% allocated to US loans (72% in US consumer and 19% in US SME). The manager remains confident of meeting the investment horizon outlined at the time of the raise (6-9 months). Leverage should boost returns The manager has just commenced introducing leverage on the ordinary shares which should boost returns as the additional capital is invested. The debt is held in dedicated pockets against certain originators and seeks to enhance the returns from lower risk assets in the portfolio. The manager is aiming to broaden the funding sources in the coming months. Increased platform diversification P2PGI now has relationships with 14 different platforms compared to five at the time of the IPO. P2PGI's first mover advantage is delivering benefits in terms of access to loans and favourable fee terms with the platforms. Growing equity investment Equity investments have been made with a further two platforms bringing the total number of investments to seven. We also understand the manager is close to completing further equity deals in the near future. This is line with the mandate of making strategic investments in platforms with significant potential upside (up to a maximum of 5% of gross assets - currently 1%). |
Posted at 27/2/2015 10:39 by davebowler Liberum;P2P Global Investments Close to full deployment BUY Target price 1400p | Published price 1172p P2PGI was substantially fully invested at the end of January with total deployment for the ordinary shares reaching 93% of NAV (December: 85%). The net IPO proceeds have largely been invested within 8 months which is in line with the initial target at launch of 6-9 months. The fund deployed £15m in January with US consumer (62%) and European consumer (35%) accounting for the majority of capital allocated. NAV growth in January was 0.54% and the fund completed a successful £250m C share issue during the month. P2PGI trades on a p/NAV of 1.16x yielding 7.6% in 2015. Re-iterate BUY. |
Posted at 10/2/2015 14:39 by wirralowl Interesting to see that Neil Woodford participated in the 'c' Share issue, taking a stake for his Income Fund. In his monthly insight column he commented that P2PC 'looks well-placed to deliver a consistently attractive income stream to its investors'. |
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