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PHLL Petershill Partners Plc

216.50
3.50 (1.64%)
25 Apr 2025 - 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
  3.50 1.64% 216.50 283,603 16:35:17
Bid Price Offer Price High Price Low Price Open Price
215.50 216.00 216.00 213.00 213.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec USD USD 832.4M USD 0.7435 2.91 2.38B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:17 UT 57,601 216.50 GBX

Petershill Partners (PHLL) Latest News

Petershill Partners (PHLL) Discussions and Chat

Petershill Partners Forums and Chat

Date Time Title Posts
10/4/202511:35:::: PETERSHILL PARTNERS ::::188

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Petershill Partners (PHLL) Top Chat Posts

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Posted at 26/4/2025 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 213p.
Petershill Partners currently has 1,119,579,119 shares in issue. The market capitalisation of Petershill Partners is £2,418,290,897.
Petershill Partners has a price to earnings ratio (PE ratio) of 2.91.
This morning PHLL shares opened at 213.50p
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 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 14/11/2024 13:09 by marksp2011
This is turning out to be my share of 2024
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 23/4/2024 09:18 by thaiger
Tender offer of 214p! Premium to current share price
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.
Petershill Partners share price data is direct from the London Stock Exchange

Petershill Partners Frequently Asked Questions (FAQ)

What is the current Petershill Partners share price?
The current share price of Petershill Partners is 216.50p
How many Petershill Partners shares are in issue?
Petershill Partners has 1,119,579,119 shares in issue
What is the market cap of Petershill Partners?
The market capitalisation of Petershill Partners is GBP 2.38B
What is the 1 year trading range for Petershill Partners share price?
Petershill Partners has traded in the range of 196.60p to 286.50p during the past year
What is the PE ratio of Petershill Partners?
The price to earnings ratio of Petershill Partners is 2.91
What is the reporting currency for Petershill Partners?
Petershill Partners reports financial results in USD
What is the latest annual profit for Petershill Partners?
The latest annual profit of Petershill Partners is USD 832.4M
What is the registered address of Petershill Partners?
The registered address for Petershill Partners is 5TH FLOOR, 20 FENCHURCH STREET, LONDON, EC3M 3BY
What is the Petershill Partners website address?
The website address for Petershill Partners is www.petershillpartners.com
Which industry sector does Petershill Partners operate in?
Petershill Partners operates in the OFFICES-HOLDNG COMPANIES,NEC sector

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