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PHLL Petershill Partners Plc

218.00
8.00 (3.81%)
26 Jul 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
  8.00 3.81% 218.00 315,243 16:35:12
Bid Price Offer Price High Price Low Price Open Price
217.50 218.00 219.00 207.00 207.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec USD USD 321.1M USD 0.2868 7.58 2.35B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:42 AT 369 218.00 GBX

Petershill Partners (PHLL) Latest News (9)

Petershill Partners (PHLL) Discussions and Chat

Petershill Partners Forums and Chat

Date Time Title Posts
26/7/202412:37:::: PETERSHILL PARTNERS ::::163

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Petershill Partners (PHLL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:36:42218.00369804.42AT
2024-07-26 15:35:12218.009121,988.16AT
2024-07-26 15:35:12218.00148,322323,341.96UT
2024-07-26 15:29:51217.50136295.80AT
2024-07-26 15:29:41217.501,2732,768.78AT

Petershill Partners (PHLL) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 210p.
Petershill Partners currently has 1,119,579,119 shares in issue. The market capitalisation of Petershill Partners is £2,435,084,584.
Petershill Partners has a price to earnings ratio (PE ratio) of 7.58.
This morning PHLL shares opened at 207p
Posted at 26/7/2024 12:37 by marksp2011
And we have reached the tender price. Now we can all exit at 214

I am hoping for another tender offer next year c 245
Posted at 15/6/2024 18:51 by makinbuks
Logically I agree with you. Some talk on here of GS maxing the returns for their clients at the expense of PI's but from this entry price that should be positive for all. I'm underwater, didn't tender and am tempted to add to average down
Posted at 05/6/2024 08:49 by makinbuks
So we have an overhang of 60m shares held by people who want to sell at about this price
Posted at 22/5/2024 15:38 by makinbuks
My view is that most GS clients were in this pre IPO. GS think there's a constant flow of sellers from the IPO who are holding the price back. It therefore makes sense to do a tender 15% above the market price but well below NAV because their clients benefit in three ways: weak holders exit in one operation rather than providing a drag, NAV increases and discount to NAV decreases. That's why its happening. What is surprising to me, and other more knowledgeable may explain, is that the market price isn't closer to the tender level. Does that imply people are too impatient to be paid and prefer o sell into the market at a lower price? Strange in a stock like this. I expect a tender offer to now become an annual event as it is at Tetragon. Personally, I am not selling as I believe their timing was lousy for the IPO but conditions have now improved and will continue to do so
Posted at 23/4/2024 16:55 by topvest
The alternative asset managers are fine in my view.
The red flag is the soon to be c80% controlling shareholding stake. I wonder whether those investors are holding it as £2 or £3.45 in their GS portfolio's. I bet it's the latter given its an illiquid asset!
Anyway, minority shareholders will never see book value being returned until there is a realisation event for the majority holders. Will it be delisted before that happens or not?
In the meantime, its probably a reasonably good investment at the right price.
Posted at 23/4/2024 09:18 by thaiger
Tender offer of 214p! Premium to current share price
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 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 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...
Petershill Partners share price data is direct from the London Stock Exchange

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