Pershing Square Share Discussion Threads

[nimbo1] 14/9/2020 23:26

SPAC, Ftse 100 inclusion and Dow recovery. Will all help!

[rickyl1] 12/9/2020 15:57

Hoping the SPAC helps close the discount here as well as adding to performance.

[rickyl1] 29/8/2020 12:41

Superb. The future of PSH is indeed bright. It's a huge part of my portfolio and will remain so for the long term, roll on ftse100 inclusion.

[thruxie] 28/8/2020 21:14

Agreed, it makes an excellent read.

[ceaserxzy] 28/8/2020 20:59

Does psh have a chance of being promoted next week? Advfn put it at a market cap of over £4.4 b, which seems to be based on its fully diluted No. of shares of about 199, 000, 000 plus about 18, 000, 000 treasury shares.

[rambutan2] 28/8/2020 20:37

All your questions answered in today's rather good interims:

[thruxie] 24/8/2020 17:04

Hi Mozy, I've read that they've pledged 1-2 billion additional to the 4 raised. I'd hazard a guess this is why they've trimmed and sold some positions recently e:g Berkshire etc to raise the cash?

[mozy123] 24/8/2020 13:55

Will this trust own any of teh $4bill spac?

[thruxie] 24/8/2020 11:18

Here's the most recent 13F filing. It's very focused with just 7 stocks and a short which they don't have to list, another 20% in cash and a $4 billion SPAC in the pipeline.

hxxps://fintel.io/i13f/pershing-square-capital-management/2020-06-30-0

[mozy123] 15/8/2020 19:14

Any idea where you can find the up to date portfolio for this trust?

[thruxie] 12/6/2020 14:00

Certainly it's a case of never a dull moment, it looks like they're after another big acquisition.

hxxps://nypost.com/2020/06/11/pershing-squares-bill-ackman-files-for-blank-check-ipo/

[ntv] 11/6/2020 16:39

well , yesterdays top up purchase @1944 is looking rather sickly
bah humbug

[ntv] 11/6/2020 07:25

Net assets now £28.08
An extremely large discount for an investment company considering it's performance this year so far. It must almost be top of it's sector

[rickyl1] 08/6/2020 09:06

Agreed. Just closing the discount to a reasonable level would be more than enough on it's own.

[thruxie] 06/6/2020 12:13

Yes agreed a number of different sites have varying valuations. The following link seems pretty useful as it lists the FTSE all share rankings by cap, PSH is 99th currently and needs to gain approximately 300 million market cap for automatic inclusion. Very achievable in my opinion, it's a matter of when not if. :)

hxxp://www.stockchallenge.co.uk/ftse.php

[ceaserxzy] 05/6/2020 20:00

Citywire: "FTSE Review: Pershing Square misses top 100 spot but F&C joins it in the queue"

The advfn website is misleading about the capitalization of psh of £4.25 b. According to citywire its about £3.8 b.

[ceaserxzy] 02/6/2020 19:01

Article on citywire:

Bill Ackman poised to enter FTSE 100 after Pershing Square’s 26% crisis gain

[rambutan2] 01/6/2020 15:07

As I've said, it is very unlikely to make it this time as would need mkt cap of circa £4.3bn.

[rickyl1] 01/6/2020 13:10

Ftse 100 would certainly help close the discount.

[thruxie] 01/6/2020 10:28

Another decent rise today on the back of last weeks gains, this had got to be very close to FTSE 100 promotion later today. Is the smart money already going on in expectation perhaps?

[rickyl1] 28/5/2020 07:53

Psh have sold Berkshire Hathaway and 2 small holdings to capitalise on better opportunities. Huge cash pile now.

[ceaserxzy] 28/5/2020 07:25

Weekly NAV released.

"PSH NAV per share as of close of business on 26 May 2020 was 34.07 USD / 27.63 GBP and year-to-date performance was 26.8%."

This should be north of £20 even at a big discount of 20%.

[thruxie] 27/5/2020 14:02

Up again today with a £4.3B market cap for £6.4B of assets. Also I note it's the second highest holding on the FTSE 250 ETF MIDD. It's edging closer to the FTSE 100! It's my second biggest holding and best performer over the past year so I have a vested interest :)

[rambutan2] 26/5/2020 16:02

Yes, it is eligible. Mkt cap needs to be over £4bn by close June 3, which seems too far a stretch. But if performance continues, and it can pull the discount in, then it prob will make it at some stage.

[thruxie] 26/5/2020 11:50

If and when this gets into the FTSE 100 it will surely fly, just narrowing the 30+% discount to NAV means it's got plenty more share price growth potential. It must be getting close to inclusion?