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POLN Pollen Street Group Limited

760.00
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pollen Street Group Limited LSE:POLN London Ordinary Share GG00BMHG0H12 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 760.00 16,738 12:29:52
Bid Price Offer Price High Price Low Price Open Price
756.00 760.00 760.00 754.00 760.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
12:36:33 O 2,500 757.96 GBX

Pollen Street (POLN) Latest News

Pollen Street (POLN) Discussions and Chat

Pollen Street Forums and Chat

Date Time Title Posts
12/12/202410:50Pollen Street Capital 164

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Pollen Street (POLN) Most Recent Trades

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Pollen Street (POLN) Top Chat Posts

Top Posts
Posted at 12/11/2024 16:53 by catabrit
There is such little price discovery here.
Posted at 05/9/2024 09:36 by cwa1
The Board is pleased to confirm an interim dividend for the period ending 30 June 2024 of 26.5 pence per share reflecting the Group's guidance that the Group will pay a dividend of no lower than £33 million in respect of 2024 and that the Group will grow dividends progressively thereafter. This represents a cash outlay of £16.5 million. In H1 2023, two quarterly dividends of 16.0 pence per share were declared, representing a cash outlay of £15.8 million. The record date for the interim dividend will be 13 September 2024 and the payment date 11 October 2024. The ex-dividend date will be 12 September 2024. Following the Reorganisation, dividends will be payable half yearly, with the final dividend for the year being paid after approval by Shareholders at the AGM.
Posted at 17/6/2024 13:40 by 34adsaddsa
"It was a quiet month on the dealing front, with one new stock added to the JIC Portfolio. On 8 May, I added a 2.5 per cent position in Pollen Street Group (POLN) at 680p. Pollen Street is an alternative asset manager focusing on private equity and credit strategies. As an asset manager, it raises capital from third parties and manages the funds. It also co-invests in these funds. It was formerly an investment fund but has changed its corporate structure to a holding company. The holding company is cash-rich. Hence, it has co-invested in the various funds under its management. It is also committed to attractive shareholder returns through buybacks and dividends. It currently yields 7.5 per cent and is committed to growing the dividend progressively in future. It is also undertaking a share buyback of £30mn (equivalent to a further shareholder return of 6.9 per cent). It has committed to returning surplus capital to shareholders through buybacks of between 2 and 5 per cent of outstanding share capital per year.

Growth over the next few years could be substantial. On 31 March, the assets under management stood at £4.4bn. It is targeting £10bn over the next few years. If it achieves that, the fee income should grow faster than costs, contributing to significant profit growth. Through her 18.7 per cent shareholding, founder and chief executive Lindsey McMurray is highly incentivised to drive asset and profit growth – our interests are aligned. I don't know whether this is the next Intermediate Capital (ICG). Still, 15 years ago, Intermediate Capital had a similar market capitalisation of £430m – now it's a member of the FTSE 100, valued at £6.7bn. If Pollen Street gets halfway there, I'll be happy. It’s an interesting one because due to its change in structure, it does not seem to be closely followed. I look forward to the next news from the company, which should be a Q2 update."
Posted at 17/6/2024 12:57 by spectoacc
Can't go bust taking a profit, well done, but you'll be kicking yourself when it's £15 ;)

(Based on hitting/exceeding AUM targets, and a rising divi).

POLN got a small nod in the IC from John Rossier (I think?). Can't say I'm a fan of gurus, but didn't disagree with his analysis, which was basically "..If it achieves half of what ICP did..".
Posted at 14/6/2024 14:58 by rambutan2
So, not quite all smooth going at the Agm, although that does seem to be increasingly the way these days. Which is a good thing, on the whole, imo.
Posted at 14/6/2024 07:36 by wozzitworthit
550k and 17k buybacks : -
Posted at 14/6/2024 07:25 by spectoacc
17k shares bought back yesterday BUT 550k the day before, ie Tuesday, so POLN themselves were indeed the buyer.
Posted at 12/4/2024 12:16 by spectoacc
Not messing around in price either - 692.5p is high, relatively:


Date of purchase:

11th April 2024


Number of ordinary shares purchased:

170,000


Weighted average price per day (pence):

692.50
Posted at 08/3/2024 07:51 by rogerrail
I am surprised that there is no rns from poln on this. No idea if there is any shareholder interest in the investment funds acquiring mtw, I guess not .
Posted at 08/3/2024 07:05 by spectoacc
Is this POLN buying MTW, or POLN funds buying MTW? Either way, can't say I'm too keen:

"Information on Bidco and Pollen Street Capital

· Bidco is a limited company registered in Guernsey and was incorporated on 27 February 2024. Bidco was formed for the purposes of the Acquisition and is a wholly-owned indirect subsidiary of investment funds advised and managed by Pollen Street Capital. Bidco has not traded since its date of incorporation.


· Pollen Street Capital is one of the leading specialist private equity investors in the financial and business services market in Europe. Pollen Street Capital works with entrepreneurial management teams to build businesses that deliver market-leading products and services to their customers, in order to create long-term sustainable success."
Pollen Street share price data is direct from the London Stock Exchange

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