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PSH Pershing Square Holdings Ltd

3,568.00
26.00 (0.73%)
Last Updated: 08:21:56
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pershing Square Holdings Ltd LSE:PSH London Ordinary Share GG00BPFJTF46 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  26.00 0.73% 3,568.00 7,446 08:21:56
Bid Price Offer Price High Price Low Price Open Price
3,562.00 3,574.00 3,616.00 3,546.00 3,614.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty USD 3.14B USD 2.49B USD 13.0449 3.44 6.75B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:28:32 O 100 3,564.3617 GBX

Pershing Square (PSH) Latest News

Pershing Square (PSH) Discussions and Chat

Pershing Square Forums and Chat

Date Time Title Posts
20/11/202410:59PSH trust1,183
29/3/200608:24PSH with Charts & News6
27/3/200616:29Why?88
16/12/200517:43A Pearl Amongst the Tiddlers ......35

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Pershing Square (PSH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:28:323,564.361003,564.36O
08:28:063,570.981,11939,959.22O
08:18:163,568.00602,140.80AT
08:17:303,562.00271.24O
08:16:113,564.00832,958.12AT

Pershing Square (PSH) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Pershing Square Daily Update
Pershing Square Holdings Ltd is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker PSH. The last closing price for Pershing Square was 3,542p.
Pershing Square currently has 190,576,264 shares in issue. The market capitalisation of Pershing Square is £8,547,345,440.
Pershing Square has a price to earnings ratio (PE ratio) of 3.44.
This morning PSH shares opened at 3,614p
Posted at 20/11/2024 10:59 by affemoose
Theyre doing an investor call tomorrow (thursday) - 4pm UK time. Details on PSH website
Posted at 14/11/2024 08:46 by spooky
NAV is at highs for the year, share price is errrrr not. They should start up the buy backs again. Can't believe some fairly smart guys have allowed this to persist for so long.
Posted at 12/11/2024 09:44 by srichardson8
just a tidbit from leading Canadian newspaper. Pershing is listed as having 28.8mn Chipotle shares, currently worth $1.6bn

The Globe and Mail )11/11/24
Chipotle Mexican Grill Inc. CMG-N (+0.78%) increase was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions, forcing the chain to spend more on ingredients and hurting its stock price.

In a proposed class action filed in Santa Ana, Calif., federal court, shareholders said Chipotle failed to disclose growing unhappiness among customers with inconsistent portion sizes for its burritos and rice bowls.
They said the truth came out as customers voiced dismay on TikTok and other social media, prompting Chipotle to reemphasize what chief executive officer Scott Boatwright and his predecessor Brian Niccol called “generous portions” at its more than 3,600 restaurants.

Costs to repair the damage hurt margins, causing Chipotle’s stock price to fall after the company reported second- and third-quarter results, according to the complaint. The decline on Oct. 30 wiped out about US$6.5-billion of market value.
Posted at 11/11/2024 10:34 by rickyl1
Buybacks for sure. Also, UMG state that PSH has the right to request a listing in the US if they sell at least $500m of its holding. I hope they do this as I feel our UMG holding is far too much ( for my comfort anyway).
Posted at 08/11/2024 14:17 by severnof9
With BAs support for Trump I expect Bill will hope Fannie and Freddie are brought out conservatorship. That will bring into play our ‘perpetual options’

It also was no surprise that Brookfield are eyeing a US listing. Shortly after PSH bought a stake

I intend to hold PSH for the long term. We seem to be lucky where Bill is involved!
Posted at 08/11/2024 09:15 by affemoose
I'd love to know the extent of the various financial instruments that PSH are holding. Those 'Asymetric Bets' - I know they have/had one on interest rate swap options - no idea how much or in what direction (one must assume down), but Trump winning may not do that bet many favours - there is an assumption of inflationary upwards pressure with his policies.

It's worth putting this in your diaries:

"Pershing Square Capital Management L.P. will hold its third quarter investor conference call on 21 November 2024 at 16:00 GMT (11:00 EST). During the call, CEO Bill Ackman and the other members of the Pershing Square investment team will provide an update on the portfolio and address questions e‐mailed in advance by investors to: ir@persq.com.

An audio webcast of the conference call will be available on PSH’s website at www.pershingsquareholdings.com.

Following the call, a replay of the event will be available by audio webcast until Thursday, 5 December 2024 at 16:00 GMT (11:00 EST). To access the audio webcast, please visit PSH’s website at www.pershingsquareholdings.com."
Posted at 29/7/2024 08:57 by affemoose
riskvsreward - UMG is different to Netflix in that UMG is a profitable business, Netflix is/was not.

Netflix share price seems to follow it's own speculative path - like Tesla etc - if/when the market has a bear spell it'll get hammered harder than most. The PSH investment in Netflix was ill considered but you can't always get it right, and i appreciate their decision to get out - took balls. They knew they'd get flack but did what they thought was right.

Either way - we're here for the future, so with any luck the reality check that Ackman has had, plus the imminent float of PSUS will hopefully mean we can get back to the day job - making us money.
Posted at 25/7/2024 10:12 by jellypbean
OK. From 2023 annual report (311223), UMG was 27.5% of PSH net assets (including 2.5% held through a subsidiary).

Since then. Net assets have increased from 12Bn to 12.6Bn (5%), and UMG share price had (b4 today) increased from 25.33 to 28.38 (12%).

So that makes UMG c.29.5% of PSH NAV b4 todays fall, by my reckoning.
Posted at 10/7/2024 08:21 by donald pond
Aiming for $25bnNot sure how it will work alongside PSH. There will be no fees at PSUS for first year, and unless fees between PSH and PSUS are equalised then you would expect the one with higher fees to be on a higher discount Common sense suggests that is PSH are Bills best ideas then it would make more sense for PSUS to buy PSH (perhaps at a 10% discount to NAV) rather than replicate the underlying holdings. Or give an offer to exchange PSH for PSUS.
Posted at 04/6/2024 12:09 by affemoose
It's not that confusing once you ignore the media screwing the names up.

PSH Trust - this trust, the PLC, remains the same. It is managed by Pershing Square Capital Management (PSCM)

PSCM was the private company owned by the exec in Pershing Square and who managed the PSH fund, this is where managemnet fees and performance fees went when PSH paid them. This money then either stayed in the Management company or was paid to the shareholders - the exec. One can only assume there are Tax benefits for managing their earnings this way.

PSCM has sold 10% of it's shares to various funds for $1bn which values the fund at $10Bn. They have mooted that PSCM may IPO and float - a great way for the ageing management team to get cash now and also provide a clear exit route when they give up and go and enjoy their money in retirement.

PSCM have stated that they intend to use some of the $1Bn raised (approx half) to underpin a new, as yet to be launched, US Fund (PS US). The documents for which have been submitted to US Securities commission and it is proposed it will launch 'later' in 2024. The PS US fund will look very similar to PSH. I assume that the initial float of PSUS will raise many billion $ more that will go into the war chest.

PSH is not an Investment Company as it has, does and will use complex financial derivatives to 'bet' on Macro events - not so much atm but i am sure it will again. It hasn't shorted for years but it's done well out of interest rate derivatives etc etc in the past.
Pershing Square share price data is direct from the London Stock Exchange

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