Pershing Square Share Discussion Threads

[rambutan2] 30/3/2023 20:43

Noted re (yawn) discount:

"We have not given up on addressing the wide discount at which our shares trade. We are continuing to consider potential transformational transactions that would enable PSH to become part of a U.S. listed company (which would not necessarily require that we give up our UK and Amsterdam listings and which would greatly increase the universe of investors who can own PSH). We are unable at this stage to estimate the probability or timing of achieving such a transaction, but we are considering a number of potential ideas at this time."

[rambutan2] 30/3/2023 20:30

Annual report out:

[ch3riton] 21/3/2023 15:10

Does anyone know about the performance fees on PSH? Is it 16% of all gains above the previous watermark? Seems quite a lot. Or is there a hurdle rate which the managers have to surpass to earn their "performance" fees?

[apollocreed1] 13/3/2023 12:46

I suspect that too much Tweeting is bad PR for his firm. Better to keep a low profile.

[williamcooper104] 13/3/2023 12:09

Hope that something clever wasn't going long bank equity/credit As getting hammered today

[rickyl1] 13/3/2023 10:01

Chuffing hope so lol

[donald pond] 13/3/2023 08:51

Bill thrives on volatility and was tweeting about the importance of saving SVB deposits so I wonder if he did anything clever

[apollocreed1] 13/3/2023 08:29

The share price has collapsed while the futures and underlying holdings are up today. This makes no sense.

[arja] 20/2/2023 09:27

now it looks like it is heading back to 2900 which is very disappointing !

[arja] 16/2/2023 14:50

a sudden selloff when usa physical opened. might be a bargain now:)

[arja] 16/2/2023 09:30

this link is old but interesting but I do not understand reference to PSHZF .

[arja] 16/2/2023 09:16

Donald- thanks for confirmation on stamp duty .

[arja] 16/2/2023 09:09

I just assumed it would have unquoted investments - sorry about that . chartwise it is looking interesting and it is in an uptrend and approaching resistance level on weekly chart . A bit illiquid for trading but can sometimes get between the spread with a RSP price

[rickyl1] 14/2/2023 09:00

I'm not aware of unquoted investments though Ackman does invest personally in them. As Donald says he does have several hedges in play.

[donald pond] 14/2/2023 08:33

PSH is a Guernsey company so no stamp duty. I wasn't aware they had any unquoted investments though they do often have hedges in play. Are you looking at the right company?A bit concerning that Bill is tweeting about aliens...

[arja] 13/2/2023 15:47

still a massive discount to NAV which I am always suspicious of and must be the unquoted investments which is guesswork when valuing I suppose . Not a bad looking chart but probably not ready to breakout as yet

[arja] 13/2/2023 15:00

never realised that PSH if free of stamp duty when buying . Might be a good day or overnight trade at times because of that and with £3 brokerage . All aussie stocks have no SD for many years I think

[rickyl1] 10/2/2023 07:25

There's the investor presentation on the company website now. From an attendee on twitter......My most important takeaway was @BillAckman saying he has worked extensively on finding ways to migrate $PSH to the US. Re the Invst Co Act, he needs to find a large US target. $HHC is too small for this but could be part of the solution.Energy hedges brought 0.5% of NAV this year. Bill believes energy prices could go much higher and retains hedges. Believes the 30Y yield is too low and is playing this via derivatives

[rickyl1] 08/2/2023 22:40

Forgot to register for agm tomorrow, could any kind soul give us some bullet points of any interest please?

[jellypbean] 07/2/2023 22:13

They do say there's no such thing as bad publicity I guess. There are #metoo lawsuits flying around regarding the person he's just given 25mil to, so he'll have plenty to talk about on Twitter if that's the plan.

[donald pond] 07/2/2023 10:16

Tbh when he only has 8-10 holdings and a whole team managing them he must have a lot of time on his hands. Perhaps he is thinking of getting a US listing and promoting it endlessly through his social media presence?

[williamcooper104] 07/2/2023 06:07

What's he kicking of about now

[donald pond] 02/2/2023 09:13

There have been a few references recently to trying to get a U.S. listing, perhaps by reversing into Howard Hughes or similar. I think Bills long term plan is for PSH to become a mini Berkshire Hathaway. If he could get that US listing the discount could close very quickly

[haroldthegreat] 30/1/2023 07:35

Perhaps the discount will narrow with the daily mail plug ! 10£ to £30 since I started the thread in 5 years