Petershill Partners Share Discussion Threads

[jonwig] 04/1/2022 08:37

Chairman has been a heavy buyer, twice.

Another look at the numbers suggests fee income of $430m for full year and dividend of $30m. That would be eps of 19p and dividend of 1.5p.

[ccnp] 04/11/2021 10:41

'Poor judgement' on the part of GS. As the saying goes; Yeah. Right.

GS judgement is all about their profits. If there is collateral damage beyond their bank accounts, it's tough. As you say, they still have sufficient interest to want something tasty before they cut it adrift

[jonwig] 04/11/2021 09:45

It depends on how their investee companies have traded over the past six weeks or so. These are hedge funds/private equity, and GS doesn't have all that much control of events.

PEs ought to be performing well, HFs bring all sorts of surprises, and these will have happened post-IPO Not jail, but maybe poor judgment of GS's part.

Whatever, I'm not sure I want to be part of this story, mainly because GS will have significant carried interest in its companies.

[ccnp] 07/10/2021 08:44

Hmmmmmmm. At what point will the dead cat bounce? This has to be a buy at some level.

[ccnp] 01/10/2021 16:09

Ohhhh there it pops. 355p. Can it hold it

[ccnp] 01/10/2021 16:08

Thanks. Hadn't heard of 1MDB. Dong and CDOs, yes. Fascinating.

[jonwig] 01/10/2021 07:21

Ah, you mean like 1MDB?

On a rough calculation deom the latest numbers, I estimated it has a premium to NAV of 40% and a PER of 30x. Take your pick on the best metric.

[ccnp] 30/9/2021 20:38

How about this perspective

Goldies made a mint. They sold it. But they don’t want turkeys associated with their name. So they have something mildly tasty in the oven waiting to be dished up.

But most of all, they don’t want a turkey. So this will improve. Somehow. No idea how

[jonwig] 29/9/2021 17:22

Hi - haven't even got round to reading the prospectus yet!

PE has had a brilliant run this year, now Goldmans float this ... top of the market signal? Don't know.

[ccnp] 29/9/2021 17:13

Seems glued to 350p

[jonwig] 28/9/2021 11:34

Issue price 350p.

Thread started out of interest rather than conviction.

Will put more detail into the header in due course.

[jonwig] 28/9/2021 11:33

. .




Major Holdings:
Goldman Sachs Asset Mgt ... 864.60m 76.15%
JP Morgan Asset Mgt ........ 45.00m. 3.96%
Lazard Asset Mgt ........... 37.00m. 3.26%
Naguib Kheraj (Chair) ....... 0.85m.
Total shares 1,135,399,597.