ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

PEY Partners Group Private Equity Limited

10.55
-0.15 (-1.40%)
Last Updated: 10:15:06
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Partners Group Private Equity Limited LSE:PEY London Ordinary Share GG00B28C2R28 ORD EUR0.001 (EUR)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -1.40% 10.55 10.55 10.70 10.70 10.55 10.70 1,377 10:15:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 62.21M 18.42M 0.2664 39.60 739.92M
Partners Group Private Equity Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker PEY. The last closing price for Partners Group Private E... was 10.70 €. Over the last year, Partners Group Private E... shares have traded in a share price range of 9.94 € to 11.60 €.

Partners Group Private E... currently has 69,151,168 shares in issue. The market capitalisation of Partners Group Private E... is 739.92 € million. Partners Group Private E... has a price to earnings ratio (PE ratio) of 39.60.

Partners Group Private E... Share Discussion Threads

Showing 476 to 500 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
30/9/2024
13:56
Share buybacks to start in Q4?Given the low daily volumes that could give the share price a boost, and a smaller NAV boost.We should find out quite soon.
elbrus55
14/5/2024
08:35
Nice to see director Gerhard Roggemann buy a decent amount (around 188 grand's worth) on the day of dividend declaration.

Joined the board as a non-exec in March.

bluemango
08/5/2024
06:54
And there's the first dividend declared, slightly reduced at 0.355 EUR, from 0.365. Annual 0.71 compared to 0.73.

Payable 17th June. Yield still a very healthy 6.5%.

bluemango
30/4/2024
16:53
Due a dividend declaration here; last year was 19th April.
bluemango
25/3/2024
10:55
Interesting results statement signalling intent to do buybacks, the quantum dependent on the prevailing discount to NAV.

Proposed name change to Partners Group Private Equity Limited, from this summer.

bluemango
01/1/2024
10:08
NB I appreciate direct NAV comparisons over the medium term are a bit dangerous given different dividend levels.
apple53
01/1/2024
10:06
PEY's NAV has lagged most of the other PE trusts I monitor/own (HVPE, PIN, ICGT, APEO, and the rather exceptional OCI).

Does anyone know how up-to-date the valuations actually are?

The end Nov statement can't, surely, include up-to-date valuations on all PE holdings. Most of the others are running with End Sep (having moved from end June as recently as a the end Oct statement).
I'm hoping/assuming that there should be a pretty large uplift in NAV if we mark to market to today's date, given global msci is up 11% on end Sep and, I think, the eurofirst 300 is up maybe 8%.

apple53
31/8/2023
12:08
hxxps://www.edisongroup.com/research/princess-private-equity-holding-waiting-for-a-rebound-in-global-pe-deal-activity
stemis
02/8/2023
05:41
Update was OK, they are ticking along with not much of particular note.With the discount to NAV at around 30% it is difficult to understand why they are not repurchasing their own shares with some of the cash from distributions.It gives an immediate and risk-free boost to NAV per share. Why bother making risky new investments when you can make so much risk free?I'm not sure the incentives are right to encourage this.They last were doing this almost 10 years ago, even though discounts were lower back then. They still have the authority to do this.
elbrus55
31/7/2023
07:06
Reasonable update I thought
stemis
19/4/2023
08:28
As expected dividend now declared. With share price at E9.26, two dividends of E0.365 would give a yield of 7.9%
stemis
28/2/2023
09:27
Yes, welcome resumption of dividends, with an expected payment in June of Eur0.36 (32p). Company also to discontinue hedging against foreign currency movements. Although this will lead to a more volatile NAV, it will reduce risk to future dividend payments. Current discount to NAV is 34% and yield should be 7.5%.
stemis
28/2/2023
07:18
Dividend re-instated
tiltonboy
02/2/2023
11:11
A healthy rise in NAV for December and January should be similarly positive. Hopefully the cash situation is being addressed and we can look forward to a 5% dividend on NAV over the next 12 months which would equate to nearly 8% at the current share price.
whilstev
13/12/2022
12:17
Some background on the suspension of the second interim dividend

hxxps://www.edisongroup.com/edison-tv/princess-private-equity-holding-podcast-suspension-of-the-second-interim-dividend-payment

stemis
02/11/2022
17:12
They have always hedged, and always made it clear in the info.
It was always a reason not to hold them.
Always a liquidity problem waiting to happen.
Plenty of instances of similar messes in the investment trust world coming out of the GFC...

rambutan2
02/11/2022
16:15
Indeed, long term holder here, shocking day and very poor news handling, investor relations team need a kicking.
chc15
02/11/2022
15:51
whilstev - you have my profound sympathies; and I also believe you raise a very good point.

PEY seemingly sucker punched you by feeding you good news on Monday, then horrendous news just two days later.

They created a false market; and I believe you have every reason to feel aggrieved.

skyship
02/11/2022
14:42
Very disappointing. Only bought back in on Monday on the back of the NAV update. Feeling conned they should surely have announced this at the same time.
whilstev
02/11/2022
10:59
I think once the dividend returns the discount will narrow again, as if they are on a 50% discount the yield will be massive.
rcturner2
02/11/2022
10:38
Certainly a surprising move; so totally endorse JT35's comment re loss of the sentiment which always placed PEY on a lower discount to others in the sector.

In her IM presentation on PIN 4weeks ago, Helen Steers (partner) said that the UK PEITs don't hedge. Well, it would seem that one did....and got hammered for doing so.

skyship
02/11/2022
10:08
Last time they suspended the dividend though they subsequently paid an increased dividend when it was resumed.

I think the hedge is against translational loss on investments outside it's functional currency, so the other side of the hedging loss is gain on translating dollar investments into Euros. However that gain is only realised when the investment is liquidated.

stemis
02/11/2022
09:30
Now they have suspended divs in 2 out of the last 3 years the premium afforded to them by the market over other PE trusts will be forever lost I feel so with the likes of PIN and HVPE on 50% discounts there's no reason for anyone to buy this where mgmt is clearly questionable.
jt35
02/11/2022
09:23
Not sure it's an absolute loss on the currency hedges but rather a cash flow issue , the whole point of a hedge is well to hedge so I would assume they are having to pay margin out now on the hedge which will come back in due course thus no actual loss. Either way though to have it effect the ability to pay a dividend that is part of your core policy shows poor quality of management IMO
jt35
02/11/2022
08:43
They dropped the payout during the GFC as well. Not impressed I have to say, this has permanently damaged my perception of this stock.
danieldruff2
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older

Your Recent History

Delayed Upgrade Clock