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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Pershing Square Holdings Ltd | PSH | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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3,600.00 | 3,600.00 | 3,678.00 | 3,640.00 | 3,672.00 |
Industry Sector |
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GENERAL FINANCIAL |
Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
---|---|---|---|---|---|---|
06/11/2019 | Final | USD | 0.1 | 19/11/2020 | 20/11/2020 | 18/12/2020 |
06/11/2019 | Interim | USD | 0.1 | 20/08/2020 | 21/08/2020 | 18/09/2020 |
06/11/2019 | Interim | USD | 0.1 | 21/05/2020 | 22/05/2020 | 19/06/2020 |
Top Posts |
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Posted at 15/3/2025 10:13 by jellypbean Annual report with partial breakdown of performance YTD (to Mar 11) is on the PSH website. |
Posted at 07/3/2025 08:26 by affemoose Does anyone have the faintest idea how long it will be before the new HHH 'takeover' offer is responded to by HHH?- HHH had a good set of results of late and my bet is they will use this to push back on Ackman. Lets remember, if it happens - PSH holdings of HHH will not change - The cash that is being offered as a swap for new stocks is all coming from Pershing Square Capital - the private parent management company - Short Term upside stock value for us is limited - portfolios take time to build, downside is of course always there - Success would reduce our fees paid to PS Capital over time. The real beneficiaries will be PS Capital - - they have $900m to invest (from sale of 10% of PSHC to 'private' buyers a while back) - this is the new money that will be used t start building the 'Portfolio'. We (PSH) are almost passengers. PS Capital get a nice fee (not performance linked, % of total equity held) every year so they better add some value!) |
Posted at 05/3/2025 09:17 by affemoose DOes PSH still hold Interest rate swaps?They may suffer under Trump with inflationary Tariffs etc etc. |
Posted at 19/2/2025 14:23 by affemoose I'm not listening but I am watching - am I correct that:PSH Fund (us) - currently own 18.9m shares, which equates to 37.6% of HHH Pershing Square (Holding Company) - will invest $900m, which equates to 10m NEW shares (16.6%) So... PSH (Our) holding will remain the same at 18.9m shares but be diluted to 31.3% Looks to me like immediate benefit will go to PSHoldCo, not us, we get diluted but have a more cash rich investment - so net net the same value of holding. Bill and his mates are doing well out of this, PSH are aligned with them - they do wel l and we do also. Bil & team own 28% of PSH Funds - so alignment is complete. I would like to know where capital is coming from the fund aquauisitions in teh future for HHH. If it comes from PS Hold CO then we (PSH) will be diluted more and more - watch this going forwards. |
Posted at 19/2/2025 11:53 by affemoose Thank You European2244, i found it on XSadly I am in a meeting at 2pm UK time, so cannot attend. I hope that they record this. What i'd like to know and don't understand tbh, is precisely what PSH will own if this goes through. From the surface it looks like 48% of HHH will be owned by PSH, which is a good portion of the equity. But i'd like to understand if this is correct, wether this will remain correct etc for the forseable. For example - if HHH wants to 'aquire' a business where is the money coming from? Dilution? Debt? etc? I cant help but have a nervous feeling that PSH will be very much the poor cousin going forward, Bill has a new focus, he's tried everything he can to get the PSH Discount down to zero and it still persists - so will PSH be reversed into HHH, what will happen to the UMG New Yourk listing etc etc |
Posted at 16/1/2025 10:49 by jellypbean I see that I can buy these on ii (I have owned in the past, but not now).However I can see the KIID & cost disclosure docs that it asked me to confirm that I have read before buying are just full of zeros (i.e. basically blank as far as PSH costs are concerned). So perhaps HL are chasing to get the actual numbers. PSH not doing themselves any favours if it turns out they are not providing them to the major platforms. |
Posted at 13/1/2025 17:45 by jellypbean Its not this vehicle that is actually doing the deal, by the looks of the letter to HHH.However it would mean that the HHH currently held by PSH would become a new listed holding company with wholly owned subsidiaries HHC and, I think, Pershing Square Capital management. The Pershing Square Capital management team would own much of HHH, and run it (but not HHC), as a vehicle to run the standard PSH investment strategy (using divis from HHH etc.) hxxps://assets.persh |
Posted at 27/11/2024 11:28 by affemoose Listening to the call - It was long, lots of commentary and perhaps too much in places, left many things unsaid . I've put notes here as much for my own records as anything.- Musings on politics - Trump, efficiency etc. - UMG - long discussion, the reason for bad Qu, hopes in 2025 for earnings growth etc. Nothing on delisting. Nothing on NY Float etc etc. Long monologue about this - future, growth etc - this was 'odd' imho. Sure it's huge for PSH but also never normally gets this focus - Given the comments Bill made - this is notable by it's absence. Some comments in the BAM section regarding S&P 500 also releted to UMG - that they are not US listed and this is an issue for price. - Alphabet - Revenue up 30%, headcount down 3%, Google cloud profitable and growing, AI search going well etc. current p/e of 19 is temporary driven by Anti Trust and deserves to be much higher. Interesting note: This is current 'team' and new Trump admin coming in and will reduce punitive impacts. Clear what they think will happen. - Brookfield - Restructuring, PSH staff was key part of this. BAM, Infrastructure. Trump admin well positioned to benefit. This is a complex business tbh and I didn't always follow the ownership etc. - Restaurant Brands - Undervalued against peers, again... not floated in US, so is suffering from this. HHH - 'resilience', no update on options to take over as an entity but is mentioned. But clearly still very much an option. Hilton - Going great. NIKE - (53 minutes in...) - Strong Brand. 18% market share in athletic footware and apparel. (Where?? US?). Margins low - so potential to improve. Is in 'temporary trouble' - hence investment. What went wrong? - they picked wrong CEO. Ex software exec who knew nothing about the industry. He made a mess of it. New CEO now in place who knows Nike inside out(Oct 14th) who PSH really rate. Canada Pacific - Good leadership now. Stock held back based on Trump Tariffs. Fanny/Freddie - up well. Looks good balance sheet. Seaport - invested in rights, good asset value, work underway to improve profitability. No mention of SPARC |
Posted at 27/11/2024 09:51 by affemoose Share Buy-Back -once completed will take Total Buy-Back to $1.5xx billionPershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today announced a share buyback program (the “Program” Since PSH commenced its first share buyback program on 2 May 2017, PSH has repurchased 65,952,753 PSH Public Shares for a total of $1.4 billion at an average price of $20.81. Jefferies International Limited will continue in its role as sole buyback agent for the Program which will enable the purchase of shares during closed periods. Shares repurchased by the Company will be held in Treasury. PSH advises shareholders that the number of shares to be repurchased under the Program shall not exceed $100,000,000 or 5,000,000 PSH Public Shares. The Program is expected to last approximately until PSH’s next Annual General Meeting but may end earlier depending on exchange liquidity. |
Posted at 22/11/2024 09:44 by rickyl1 I contacted Tony at Investor Relations. His response....."For regulatory reasons we are unable to address any questions specific to Pershing Square Holdings, Ltd. on our May and November conference calls. For that reason, we are only able to cover topics related to the portfolio not topics specific to the structure of PSH such as discount and listing. However, we are able to address these issues at the February PSH Annual Investor Meeting, in the PSH Annual Report (published in March) and in the PSH Interim Financial Statements (published in August)."He got back to me very quickly and he seems very amenable to communication. |
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