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PIN Pantheon International Plc

320.50
0.50 (0.16%)
Last Updated: 15:43:21
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pantheon International Plc LSE:PIN London Ordinary Share GB00BP37WF17 ORD 6.7P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.16% 320.50 346,165 15:43:21
Bid Price Offer Price High Price Low Price Open Price
320.00 321.00 323.00 318.00 320.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 82.02M 42.28M 0.0894 35.79 1.51B
Last Trade Time Trade Type Trade Size Trade Price Currency
15:43:21 AT 1 320.50 GBX

Pantheon (PIN) Latest News (2)

Pantheon (PIN) Discussions and Chat

Pantheon Forums and Chat

Date Time Title Posts
22/3/202408:35Pantheon, boring, boring...?695
06/1/200910:40Is it 'pin' time again?35

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Pantheon (PIN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:43:21320.5013.21AT
14:41:39320.381,9006,087.24O
14:40:43320.123,15010,083.81O
14:35:34320.002,4677,894.40AT
14:33:48320.0026.40AT

Pantheon (PIN) Top Chat Posts

Top Posts
Posted at 17/4/2024 09:20 by Pantheon Daily Update
Pantheon International Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker PIN. The last closing price for Pantheon was 320p.
Pantheon currently has 473,012,246 shares in issue. The market capitalisation of Pantheon is £1,513,639,187.
Pantheon has a price to earnings ratio (PE ratio) of 35.79.
This morning PIN shares opened at 320p
Posted at 22/3/2024 08:35 by ali47fish
well i wish pin stated this like you- too much detail and numbers are not always compared to last update- for me simply not clear enough- thank you for clarifying
Posted at 22/3/2024 07:41 by ali47fish
pin monthly updte always not very clear in terms of progress- noted nav up though
Posted at 22/2/2024 23:50 by lynton3
Tremendously informative Half-year Report issued by PIN today. Well worth reading.
Posted at 02/1/2024 13:32 by lynton3
ali47 - To answer your question - yes, I have read the article, and posted the link because I thought others would find it interesting. It supports and adds to my previous research on PIN.

I hold PIN as part of the growth section of my portfolio. It is one of five PE shares I hold - PIN, OCI, HVPE, ICP, HGT - and PIN is my second largest holding of these. I am happy to hold all of these PE shares as a group, and I look upon them as long term, buy-and-hold investments. From my perspective, they offer a high degree of diversification and have long track records of outperforming leading indices. They have all performed fairly well over the last year - though HVPE is a bit of a laggard.

So, PIN fits nicely into my portfolio, but it may not suit other investors with different perspectives.
Posted at 17/10/2023 14:23 by damanko
1968jon, interesting post. Agree on some of your opinions. For older holders, they may be aware that I invested in PIN in 1989, at 90 pence or so. And sold in 2016 at around £15.

Just dipped a little toe in again, into my ii SIPP, the NAV discount seems too much. Full stop. Plus the tax relief will bring my buying price way under the current share price Good luck all, as always...

d.
Posted at 12/10/2023 10:58 by twixy
Yes - cash in your nominated account. If the underlying share price does not rise to meet the strike price and I have been successful I plan to reinvest a portion of the funds back in Pantheon.
Posted at 11/11/2022 16:00 by johntobin
I have to disagree with some of the comments that PIN is somehow a "PONZI Scheme" and managers operating in a "dishonest and self serving way".
I didn't attend the AGM this year but I have attended a number. The managers are all very welcoming and more than happy to discus with PI such as myself.
The discount has been an issue for years and they have tried to address it a number of ways during the time I have been a SH.
They had hoped that getting rid of the PIN redeemable shares would help and make the company more understandable, the move into the FTSE 350 was hoped to raise profile, and the 1 to 10 share split last year.

In the last year or so they have engaged Hardman & Co to do and present research and to "educate".

They do not believe in issuing a "fake" dividend is appropriate as the companies they invest in are growth companies and do not pay out dividends but reinvest in growing new business.

As a PI I have benefited from the approach and now have a nice nest egg that I have been selling over the last few years to use up my capital gains.

One year I met a retired fund manager who used PIN as a core holding for his and his childrens pension portfolios because the was so impressed with the team and another who was the companies Inland Revenue Tax Inspector from the 1980s... still there as a PI over 30years on.
Roddy Swires who founded PIN still there.

... the antithesis of a "Ponzi Scheme"

I remember first coming across PIN from a McHattie warrants "Tipsheet" over 20years ago .." always seem to start at the bottom left and end up at the top right of the chart"

And that is what they keep doing. share price is down but if they keep doing what they do with the NAV then the share price will follow.

Another recession looms, the share price may take more of a hit, and maybe the NAV ... but there will be more bargains....

I still think the discount is too wide and they should buy back big time... but in the meantime I have started to buy again...
Posted at 04/11/2022 10:18 by skyship
I’ve had a fairly extensive and fruitless exchange with Vicki Bradly (IR) as Helen Steers, the partner who made the IM presentation, ducked the issue. IMO because she palpably lied in the Q&A session.

This was part of what I wrote on 1st November:
==================================
# PARA 2: Agreed – the whole PE sector is undergoing a period of poor relative performance. Nevertheless, there are winners and losers. It is not a large sector, so comparisons are simple.

- The 2 PEITs with the highest yields (APAX & PEY) are, not coincidentally, the 2 trading on the lowest discounts of c30%.
- The 2 PEITs with NO yields (HVPE & PIN) are, not coincidentally, the 2 trading on the highest discounts of c50%.

The facts speak for themselves. The facts are incontrovertible. Yet you are required to spout the same old ”….the evidence is that the payment of a dividend does not appear to be the solution given that they too continue to trade at significant discounts….221;. Surely it is a matter of degree – see above!

===================================
The very next day Princess PE (PEY) proved my case, so wrote again as follows:
===================================

“Further very timely proof, if proof were needed, of the inevitable link between yield and discount.

Today, Princess PE (PEY) announced that their high dividend would henceforth be less secure, just 2 days after revealing a further 1% rise in NAV for September.

The Market's immediate response has been to slash the share price from 9.54 to 8.24; so that the discount widens out from 33% to 42%

Further proof of the incontrovertible link between yield and discount.

If PIN were to reveal a new dividend policy, say at 4% of NAV. The share price would just as rapidly rise from a discount of 49% (250p) to perhaps a discount of 35% (320p).
That would deliver a 28% uplift in the share price; and further progress likely from there in view of PIN's great long-term history.

See if Helen can refute any of the above in her anticipated response to yesterday's email.

=====================================

PIN continue to duck the issue, so I will be attempting to publicise my views elsewhere. As I may have said already, I view PIN as a sophisticated PONZI scheme, operating to shamelessly boost the managers’ fees whilst refusing any return to shareholders. It is a disgrace; and it is about time they were outed. I believe they are great PE managers; but operating in an entirely self-serving and dishonest way.

Come on Edward Bramson. You did well bidding for Electra; time for a re-run with a bid for PIN.
Posted at 02/11/2022 11:45 by skyship
PEY today provided the proof, if proof were needed, of the inevitable link between
yield and discount.

PEY announced that their high dividend would henceforth be less secure, just 2 days after revealing a further 1% rise in NAV for September.

The Market's immediate response has been to slash the share price from 9.54 to 8.24; so
that the discount widens out from 33% to 42%

Further proof of the incontrovertible link between yield and discount.

If PIN were to reveal a new dividend policy, say at 4% of NAV. The share price would just
as rapidly rise from a discount of 49% (250p) to perhaps a discount of 35% (320p).

That would deliver a 28% uplift in the share price; and further progress likely from there in view of PIN's great long-term history.
Posted at 21/7/2022 21:12 by skyship
Well, what I'm saying is that the PIN share price is anomalous v. peers. An anomaly is always an opportunity.
Pantheon share price data is direct from the London Stock Exchange

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