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| 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
|
|
|---|---|---|---|---|---|
| -18.50 | -7.27% | 236.00 | 36,164 | 11:39:16 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 235.50 | 236.50 | 240.50 | 235.50 | 238.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | USD | USD 321.1M | USD 0.2868 | 8.25 | 2.85B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 11:39:16 | AT | 124 | 236.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/11/2024 | 15:40 | UK RNS | Petershill Partners PLC Director/PDMR Shareholding |
| 19/11/2024 | 11:29 | ALNC |  Petershill Partners ups guidance amid third-quarter growth |
| 19/11/2024 | 07:00 | UK RNS | Petershill Partners PLC Q3 2024 Trading Update |
| 14/11/2024 | 07:00 | UK RNS | Petershill Partners PLC Partial Sale of Accel-KKR & Special Dividend |
| 17/9/2024 | 09:05 | ALNC | Petershill Partners makes special payout amid double-digit AUM growth |
| 17/9/2024 | 06:00 | UK RNS | Petershill Partners PLC Interim Results Statement |
| 04/9/2024 | 12:34 | ALNC | Petershill Partners sells LMR Partners stake for up to USD258 million |
| 04/9/2024 | 06:00 | UK RNS | Petershill Partners PLC Sale of stake in LMR Partners |
| 26/7/2024 | 17:59 | ALNC | EARNINGS AND TRADING: Man Group profit rises; Petershill AUM increases |
| 26/7/2024 | 06:00 | UK RNS | Petershill Partners PLC Q2 2024 AUM Update |
Petershill Partners (PHLL) Share Charts1 Year Petershill Partners Chart |
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1 Month Petershill Partners Chart |
Intraday Petershill Partners Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/11/2024 | 10:43 | :::: PETERSHILL PARTNERS :::: | 175 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 11:39:16 | 236.00 | 124 | 292.64 | AT |
| 11:39:06 | 236.00 | 52 | 122.72 | AT |
| 11:38:16 | 236.00 | 45 | 106.20 | AT |
| 11:37:37 | 236.50 | 66 | 156.09 | AT |
| 11:37:37 | 236.00 | 262 | 618.32 | AT |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 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 254.50p.Petershill Partners currently has 1,119,579,119 shares in issue. The market capitalisation of Petershill Partners is £2,647,804,616. Petershill Partners has a price to earnings ratio (PE ratio) of 8.25. This morning PHLL shares opened at 238p |
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 11:37 by marksp2011 And we have reached the tender price. Now we can all exit at 214I am hoping for another tender offer next year c 245 |
Posted at 15/6/2024 17:51 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 07:49 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 14:38 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 08:18 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 09:48 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. |
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