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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petershill Partners Plc | PHLL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.50 | 1.47% | 242.00 | 16:35:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 235.00 | 235.00 | 245.50 | 242.00 | 238.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 14/11/2024 | Special | USD | 0.175 | 21/11/2024 | 22/11/2024 | 20/12/2024 |
| 17/09/2024 | Interim | USD | 0.05 | 26/09/2024 | 27/09/2024 | 31/10/2024 |
| 17/09/2024 | Special | USD | 0.09 | 26/09/2024 | 27/09/2024 | 31/10/2024 |
| 26/03/2024 | Final | USD | 0.101 | 09/05/2024 | 10/05/2024 | 14/06/2024 |
| 08/09/2023 | Interim | USD | 0.049 | 28/09/2023 | 29/09/2023 | 27/10/2023 |
| 28/03/2023 | Final | USD | 0.11 | 11/05/2023 | 12/05/2023 | 16/06/2023 |
| 21/09/2022 | Interim | USD | 0.035 | 29/09/2022 | 30/09/2022 | 28/10/2022 |
| 29/04/2022 | Interim | USD | 0.026 | 12/05/2022 | 13/05/2022 | 17/06/2022 |
| Top Posts |
|---|
Posted at 21/11/2024 10:43 by craigso It's certainly fun when the market finally catches up with the value gap you'd identified months ago...But dropping 18p on ex-dividend day on a 17.5 US cent dividend??? |
Posted at 15/11/2024 13:15 by craigso Yes, the stock market does seem to price PHLL like it owns a bunch of PE assets at inflated values - like most other PE investment trusts - and ignores the fee revenue from owning all of these PE shops.Clarifying that - and dumping the PE assets at or above NAV - will go a long way to narrowing the discount here. (even though the employees at many of these shops probably extract a fair amount of the fee income as salary / bonus) |
Posted at 14/11/2024 14:58 by bairstoww The strategy isn't complicated. PHLL invests in a number of (US) private equity firms. These firms either own their underlying companies direct (hence PHLL owns a stake, too) or they bundle their companies into funds which they sell on, and charge fees (hence PHLL gets fees, too).The opening bit today: Petershill Partners has completed a partial sale of its stake in AKKR, consisting of the entirety of its balance sheet investment capital in AKKR funds and a small portion of its interests in AKKR management fee earnings ("FRE") and performance related earnings ("PRE"). explains that it's keeping most of its fees part (including performance fees, which won't be small). The announcement follows by explaining that it in general wants to sell stakes and keep fees, which looks a less risky way to go on. The FT said last week that Trump is likely to bring increased M&A into the US markets, and the leading firm in US M&A is Goldman Sachs. Given the investment strategy of PHLL, I can imagine a stream of these realisations at big uplifts, and a stream of special dividends. This is just the start! Here's the Accel-KKR home page: |
Posted at 17/9/2024 12:18 by casholaa Special divi here means getting paid twice |
Posted at 17/9/2024 08:02 by craigso I would rather have had another tender offer - I tend to get much more than my official entitlement (through II) - but I can understand why two tenders in a calendar year might have been a bit much. I suppose we'll have to live with a special dividend. :) |
Posted at 13/6/2024 16:03 by tabhair lynton3, I bought the day of announcement of the tender. My only reason was to take part in the tender and get the dividend. I tried to tender all my shares, but was allocated just half at £2.14.Haven't decided to do with the remaining half. In my experience, this type of tender offer is usually a very bullish indicator for the medium/long term. Leaning towards just holding on. |
Posted at 23/4/2024 18:06 by riskvsreward Very (pleasantly) surprised by the market reaction to this morning's RNS as both the dividend and tender offer have been highlighted before, and if anything the tender offer is very underwhelming in both the premium and the size (I have expected higher ones on both accounts). |
Posted at 23/4/2024 08:18 by topvest 214p on c15% of your shares + another 8p dividend then with the tender offer and dividend. IPO was at 350p which is close to the current book value - Goldman Sachs will be looking after their majority stakeholders. This won't remain listed for more than a few more years in my view. Resaonable returns to be made though in between the buy-backs and tender offers. |
Posted at 26/3/2024 13:59 by casholaa § Balance Sheet and capital return remain strong.§ Free cash flow (FCF)1 conversion increased to 99% (2022: 76%) supporting growth and the progressive dividend policy. § Investments at fair value were $5.3bn, an increase of 6% vs. the prior year end (2022: $5.0bn). § Cash and investments in money market funds totalling $305m as at 31 December 2023 (31 December 2022: $581m). § Book value per share1 of 431 cents (2022: 416 cents). § Purchased 13.2m Ordinary Shares for $26m through 31 December 2023 as part of the $50m buyback programme announced in March 2023 and 15.8m Ordinary Shares for $32m through 24 March 2024. |
Posted at 26/3/2024 13:56 by casholaa "(Alliance News) - Petershill Partners PLC on Tuesday said it swung to a profit in 2023 due to a gain from investments, despite income toppling.Petershill is a London-based investment group focussed on private equity and other private capital strategies. The company is operated by Goldman Sachs Asset Management, having been spun off from Goldman Sachs Group Inc in 2021. Petershill said it swung to a pretax profit of USD397.1 million in 2023 from a pretax loss of USD505.1 million the year before. This was due to a gain from investments at fair value of USD227.0 million, compared to a loss of USD806.7 million the previous year. Total income fell by 19% to USD319.4 million from USD393.6 million a year ago. Petershill proposed a final dividend of 10.1 US cents. This brought its total dividend to 15.0 US cents, up 3.4% from 14.5 cents the year before. Also, Petershill said it was mulling launching a share buyback programme worth up to USD100 million, serving a notice to terminate the current programme. "Our robust capital raising and dynamic approach to capital allocation underpins our ongoing confidence about our medium-term prospects for shareholders," the company said. Looking ahead, Petershill said it expects acquisitions in 2024 to be in-line with its medium-term range of USD100 million to USD300 million per annum. It also targets a 85% to 90% adjusted earnings before interest and tax margin." |
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