Pantheon Share Discussion Threads

[skyship] 07/8/2019 17:26

Spangle - NBPE & HVPE used to pretty well track each other on their discount. NBPE now an outlier in the sector and should soon recover back to a sub20% level.

See all of them on the PE thread.

[hashertu] 07/8/2019 17:22

Spangle. I bought GPK when they were listed in the UK and decided to keep them when the moved to the states listing.
JSE. I will have a look. Thanks

[spangle93] 07/8/2019 15:32

@hashertu - thankfully for my finances in retirement, the oil stocks are just a guilty addiction with a very minor part of my portfolio, plus a lot of learning about parts of the industry I don't usually deal with. I think it's enhanced my professional ability though not my wallet.

GPK is only on the NYSE, I believe? So I probably wouldn't go there. The best run that I hold, which is also one of the most undervalued on present status let alone future, and has some very competent followers on ADVFN, is JSE, dual listed on AIM and TSX. The next quarter's figures should be out soon, and should be higher than anticipated because of the timing of the liftings from the vessel, plus they were talking earlier in the year about paying a maiden dividend in Sept, which could also make it more attractive to insti's.


@Skyship - had a look at NBPE after you'd flagged it, but there was something that stopped me, will have to check back as the recent fall back makes it a more attractive entry

[skyship] 07/8/2019 14:29

"has agreed a more intensive marketing plan with the Manager's dedicated investor relations team with the aim of extending the Company's reach to potential new buyers and boosting demand for its shares."

DREAM ON!

The best way to reduce the discount is to offer shareholders a dividend. But that would reduce the fund and so reduce the manager's fees. So don't expect a dividend anytime soon.


That said, PIN seems to be performing perfectly respectably on a mere 18.3% discount. NBPE yields 4.1% and yet trades on a 25.3% discount...

[hashertu] 07/8/2019 10:58

Spangle.

Don't know how much effort they should put into narrowing the discount.
It will only ever be a one off gain, and compared to the annualised performance over 32 years, it is small.

On the bright side, it is one of my better investment decisions, certainly better than Nighthawk!!! If you want a well run O&G company, have a look at Geopark.

[spangle93] 07/8/2019 07:36

Annual Financial report notes
www.investegate.co.uk/pantheon-intl-plc--pin-/rns/annual-financial-report/201908070705011593I/

The Board remains frustrated by the continuing share price discount as it believes that this does not reflect the Company's track record both on a medium and long-term basis.... The Board is committed to narrowing the share price discount and, to this end, has agreed a more intensive marketing plan with the Manager's dedicated investor relations team with the aim of extending the Company's reach to potential new buyers and boosting demand for its shares.

[spangle93] 11/7/2019 07:24

Yes, excellent, and nearly 15% in the year to end May.

Though half of the monthly gain was forex movement, which can be a temporary positive.

[mad foetus] 11/7/2019 07:02

Up 6.5% on the month, very good stuff

[spangle93] 07/5/2019 23:42

Had a flyer today that Pantheon International will be exhibiting at a Mello event in Chiswick in a couple of weeks.

[hashertu] 27/3/2019 11:29

Spangle. Maybe. Maybe not. Currency was the biggest factor.

I find it more useful to look at the historical share price chart and then decide whether the trend slope is to my liking (or not).

[cordwainer] 18/1/2019 17:28

Discount back above -17%, glad i topped up on 10 Jan.

[mad foetus] 10/1/2019 07:35

Another good monthly performance. If the world economy doesn't go to hell, this really looks a good entry point.

[cordwainer] 10/1/2019 00:08

At around -24%, deepest discount since Sep 2016. What's the fear here ?

[tiltonboy] 27/11/2018 12:34

Somebody hit the SETS board at 1143 and 1149 selling less than 10000 shares, and put them down 40 points.

Just very illiquid.

[mad foetus] 27/11/2018 11:54

That is insane given the discount to NAV

[cordwainer] 27/11/2018 11:53

quite a steep correction this morning -- general risk aversion ?

[mad foetus] 26/9/2018 07:31

Nice 4.4% NAV uplift and valuation rather than currency driven

[cordwainer] 27/3/2018 21:42

Let me just dump some selective reports ...

hxxp://c.ymcdn.com/sites/www.calalts.org/resource/resmgr/docs/Preqin-Special-Report-Privat.pdf

hxxps://www.torreycove.com/wp-content/uploads/2018/02/2018-Outlook-FINAL.pdf

hxxps://www.penews.com/articles/deals-may-get-bigger-and-bolder-in-2018-20180108

hxxps://www.rolandberger.com/en/Publications/pub_european_private_equity_outlook_2018.html



I get the overall impression that bargains are scarce and the discount is necessary.

[mad foetus] 23/3/2018 08:04

Discount here makes this a decent port in a storm imo

[mad foetus] 12/3/2018 13:27

Agree rambutan, this is a long term hold for me, as I suspect it is for most. I will buy more if the markets ever crash and the discount gets silly, but otherwise they are tucked away and almost forgotten about.

[rambutan2] 10/3/2018 17:23

And worthy of note were the two recent additions to the board both buying into the story to the tune of £743k each - so enough to hurt.

Mr Singer:

and Mr Burgess:

[rambutan2] 10/3/2018 17:21

Recent interims. Nothing to dissuade me from continuing my long term hold.

[rambutan2] 06/3/2018 17:50

Is joining the 250 with effect from 19th of this month.

[cordwainer] 21/12/2017 02:43

So is the US tax reform good, bad or indifferent for Pantheon ?