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PHLL Petershill Partners Plc

190.20
-5.20 (-2.66%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petershill Partners Plc LSE:PHLL London Ordinary Share GB00BL9ZF303 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -5.20 -2.66% 190.20 247,693 16:35:07
Bid Price Offer Price High Price Low Price Open Price
190.20 192.00 195.20 190.00 190.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec USD USD 321.1M USD 0.2867 6.64 2.13B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:04:13 O 26,089 191.764 GBX

Petershill Partners (PHLL) Latest News

Petershill Partners (PHLL) Discussions and Chat

Petershill Partners Forums and Chat

Date Time Title Posts
10/4/202407:15:::: PETERSHILL PARTNERS ::::142

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Petershill Partners (PHLL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:28:53192.191,7643,390.23O
16:26:04192.267,41814,262.14O
16:26:04190.2020,15138,327.00O
16:18:18190.2054102.71O
16:18:17190.202241.84O

Petershill Partners (PHLL) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Petershill Partners Daily Update
Petershill Partners Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker PHLL. The last closing price for Petershill Partners was 195.40p.
Petershill Partners currently has 1,119,868,078 shares in issue. The market capitalisation of Petershill Partners is £2,132,228,821.
Petershill Partners has a price to earnings ratio (PE ratio) of 6.64.
This morning PHLL shares opened at 190p
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."
Posted at 22/1/2024 09:35 by cc2014
I give up with this one Specto. It's not in my nature to not pursue things until I fully understand them but I am left with two thoughts.

1. The share buy-back is significant and once it ends unless they do a new one there is nothing to support the share price and we've seen what happens on GCP, SEIT etc once they run out of buy-back ammunition

2. I looked at the amount of money in fees flowing and it seemed very excessive to me. I can't remember the full detail. I probably wrote about it on the thread if I could be inclined to go back but it was kind of a red flag for me.

I suspect in time the share price may well go up as discounts to NAV close everywhere but I've of the view I can buy something else I do understand in exactly the same boat and get the same share price rise there.
Posted at 27/9/2023 08:12 by spectoacc
UBS CUTS PETERSHILL PARTNERS TO 'NEUTRAL' (BUY) - PRICE TARGET 160 (245) PENCE


Broker price targets follow the price rather than the other way round, but might be interesting to read the argument behind it.
Posted at 08/9/2023 10:48 by cc2014
I have no idea Topvest. I have read the accounts several times, I've read the RNS and I really cannot get a good grip on whether I want to own this and at what price. I'm guessing based on the share price the market can't either.

What I keep coming round to is that at this point in the ecomic cycle, this isn't the place to be. Then I keep looking at the fees and incentives which look excessive.

So, some discount is required but is the discount enough to tempt me int. I'm not sure. What is clear is that the buybacks are driving the share price and they are significant and could be raised above the current 50m.

I may be tempted once I can see the share price stabilise.
Posted at 08/9/2023 09:55 by topvest
Clearly not in the price, given they are the largest loser of the day!
Posted at 08/9/2023 08:00 by topvest
Yes, doing OK but guidance for the full year lowered. I think its sensible that they have slowed down the acquisition pipeline for now. Still on a c47% £ discount even after £ strength and share price ticking-up to c175p.
Posted at 08/9/2023 07:15 by jonwig
H1 results down (surprised? Should be in the price):



Summary:

"During the first six months of 2023, the economic environment remained tough, with the slower investment backdrop delaying the activation of management fees and subdued transaction and advisory fees. The broader muted realisation environment has impacted Partner Realised Performance Revenues, although the significant level of accrued performance revenues supports the medium-term outlook. We have also seen recent realisations occur at a premium to their holding values. Despite the challenging backdrop, the diversified asset raising profile of our Partner-firms was reflected in the $14bn in fee eligible AuM raised. This asset-raising supports future FRE growth as fees become activated and the pace of cost growth moderates. We expect a stabilisation in Partner FRE during the remainder of 2023, as firms bed down increased headcount and turn on fees from funds raised in prior periods. As we look forward from today we recognise that any continued delay in fund activations, or continued reduced transaction activity, may defer and impact future FRE; furthermore continued market uncertainty may delay deal activity and the return to more normal levels of PRE and Partner Realised Investment Income. However, we believe that our partner-firms are well positioned for when activity picks up given considerable capital raised since 2022.

Our portfolio of Partner-firms remains robust with the carrying value of our Partner-firms broadly stable while our high profitability margin and cash conversion underpins our strategy for growth and capital return to shareholders. We have completed $12.4 m of our previously announced $50m share buyback programme and the interim dividend is consistent with our progressive dividend policy. Our Partner-firms' capital raising activity underpins our ongoing confidence about our medium-term prospects and provides the platform to enable significant future distributions to shareholders".
Posted at 06/7/2023 09:01 by casholaa
However, I think they will be distributing $3.35bn/£2.2bn among 1.34bn shares which I think works out to 164p payout per share and you get to keep your shares? As the buyback continues, I think that the payout per share increases.
Posted at 10/6/2023 08:54 by mrscruff
investor73, PHLL is not a Trust; it is an asset manager similar to Schroders, Goldman Sachs Group, M&G, Baillie Gifford, and even L&G. While they all generate revenue through fees, PHLL primarily focuses on the private market sector as you know. Currently, the markets are incorporating the significant decline in the private IPO market, and so potentially the share price has overshot to the downside. I believe this to be true and there is now genuine value emerging in the form of recurring AUM and at a dividend we can take while we wait.

It will take time. The very rich directors have been very confident buying on the way down and we are buying back stock. The asset management sector has also taken a massive hit but green shoots here are being seen slowly with M&G reporting good Q1 numbers etc...
Posted at 11/5/2023 14:34 by investor73
There's excessive suspicion about this company. They've stated paying much higher dividend than anticipated. The dividend is likely to be even higher next year and there's a very good chance for the share price to appreciate from this level imo. GLA
Petershill Partners share price data is direct from the London Stock Exchange

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