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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
  -5.00 -0.18% 2,725.00 79,248 16:35:06
Bid Price Offer Price High Price Low Price Open Price
2,700.00 2,710.00 2,740.00 2,700.00 2,730.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1,644.77 737.45 3.4 5,903
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:06 UT 14,413 2,725.00 GBX

Pershing Square (PSH) Latest News (1)

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Date Time Title Posts
03/8/202212:45PSH trust691
29/3/200609:24PSH with Charts & News6
16/12/200517:43A Pearl Amongst the Tiddlers ......35

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Pershing Square (PSH) Top Chat Posts

Pershing Square Daily Update: Pershing Square Holdings Ltd is listed in the General Financial sector of the London Stock Exchange with ticker PSH. The last closing price for Pershing Square was 2,730p.
Pershing Square Holdings Ltd has a 4 week average price of 2,420p and a 12 week average price of 2,295p.
The 1 year high share price is 3,125p while the 1 year low share price is currently 2,295p.
There are currently 216,616,094 shares in issue and the average daily traded volume is 195,452 shares. The market capitalisation of Pershing Square Holdings Ltd is £5,902,788,561.50.
lozzer69: FWIW Questor column in Telegraph have a bullish write on PSH. They call it - A Buffett-like share portfolio with a little hedge fund brilliance sprinkled on top.
nexusltd: AFAIK PSH is still sitting on the April 21st proceeds of the liquidation of 3.1 million shares of Netflix c. 1.1bn-400mn = USD700mn. Masterful inactivity in these markets? I'm also curious to understand as to why Ackman & team have apparently not put in place in any downside protection for PSH's portfolio.
nexusltd: @thruxie PSH '21 AR only shows: "Pershing Square Tontine Holdings, Ltd. Committed Forward Purchase Units(3) (5,923,858)" Insignificant. I think that if the SPAC had worked out, PSH would have liquidated holdings to fund the mooted USD1bn-3bn.
pol123: Ive picked up 15k PSH over the last week or so and happy to hold at the current discount to NAV. Its outrageously cheap. The 2022 2 & 10 Yr swaption must also be worth $1B+ by now
rambutan2: UMG 4th quarter and y/e results were out last thurs. I thought them good, although needless to say the share price has gone down with the mkt this year: hTtps://
apple53: PS Bill mentioned "attractive valuation", but didn't mention valuation once thereafter in the letter. It's a remarkably open letter in most (other) respects, so I assume that he purposefully hasn't mentioned valuation for his own reasons - whether to avoid complicated figures, not to set a precedent, not to give away secrets, or whatever. A further 10% jump in Netflix's share price (or even less) in the near term, apart from providing a monstrous IRR, should make a disciplined manager consider shrinking a rather large position. This could fund a cheeky buyback. Just 10% of the Netflix position would fund a repurchase larger than most months' volume (as visible on LSE site). Feel free to disagree with my sums
apple53: thanks for all the thought-provoking commentary I really wanted to top up, had more compelling places to put my tiny cash reserve, and then saw the sub-£26 price thursday morning, but by the time I looked again it was up a quid..... There have been other chances since, but I'm only really catching up on PSH now. Tracking the NAV, 40.15 (18th) fell to 36.54 last Tuesday's close. I don't know how much the hedges increased in value over the previous few days but in any event this would have been captured in Tuesday's close, obviously reinvested in Netflix (in which PSH would be then have been sitting on a small loss). Since then Netflix is up 17%, which presumably adds around 2pp to NAV, while using Donald's pie chart (THANKS) for the rest, holdings seem to be up an average of c.4%, so I guess we are looking at an NAV closer to 39, but still down ytd. Given the bounce across the PE trust sector, particularly today, (I know not strictly comparable but they generally have larger discounts than their peers who invest primarily in listed), then 27.7 probably still represents just about the highest discount ignoring some oddballs like IP and Wendel. So still compelling. However, given the US market rally after the UK close, I imagine PSH will open in the 28s. Is PSH meant to be buying its own shares? I guess it doesn't have any cash, though, if it ploughed everything into Netflix.
grahamg8: Good point donald. What I was trying to suggest was that high borrowing gave exaggerated share price movement. This would apply to both growth and value shares. But I do agree that value shares would be expected to move less overall. bmel you may well ask. Before buying into PSH I thought long and hard about the structure and pretty much gave up. Sure enough PSH has gained from UMG but what is its future commitment to Tontine? How much value is being credited in the PSH books to its interest in Tontine, and will it ever see the light of day?
rambutan2: I'm just very happy that it has all ended up with PSH rather than with the SPAC. Should prove to be a super acquisition: Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today announced that Pershing Square Holdings Ltd., Pershing Square L.P., and Pershing Square International Ltd., through an affiliated entity, have acquired 128,555,017 Ordinary Shares of Universal Music Group (UMG), representing 7.1% of the company from Vivendi S.E. for approximately $21.78 per share (or EUR18.58 per share at today's exchange rate). The total cash consideration of $2.8 billion represents an equity value for UMG of EUR33 billion. PSH's share of the cash consideration is approximately $2.5 billion. PSH and its affiliates have the right to acquire up to an additional 2.9% of UMG's Ordinary Shares at the same price per share by September 9, 2021, which right Pershing Square intends to exercise.
grahamg8: Didn't see that one coming. Looks like Bill didn't either. As some said on this board the deal was too complex, and the SEC agreed. Also unintended consequences disadvantaged some PSTH shareholders. I assume PSTH share price will bounce back, and possibly PSH will go down. Two way pull: UMC unloved by the Yanks who don't like us pesky furriners vs rising PSTH share price benefits PSH as well.
Pershing Square share price data is direct from the London Stock Exchange
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