Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petershill Partners Plc | PHLL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.00 | 0.41% | 245.00 | 09:24:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 249.00 | 245.00 | 249.00 | 244.00 |
| 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 08/3/2025 10:37 by craigso The share price is back down to where it was before the announcement of the asset sale. The big special dividend is due to be confirmed as well.I assume that the decline is due to Trump 2.0 volatility. But 245-250p seems a potentially interesting (re) entry point. |
Posted at 16/1/2025 10:51 by craigso Excellent job by GS. Very happy I decided to stay invested after the tender offer, after hanging on through the doldrums of 2022-2023.It seems to me, though, that the share price ought to have bounced even more. Up 11p today, which is roughly the amount of the special dividend - apparently set at the level of the gain after tax. But there is also upside from converting an investment valued by the market at a 25% discount into a loan note earning 10% interest. Close to cash, if not better - although it will be reinvested. But given the recent track record, people should be begging GS to invest more money in these PE shops... |
Posted at 16/1/2025 08:09 by cb7 Another sale and another special divi. The 2024 return and share price action has been excellent - can it continue? |
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 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. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
