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| 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
|
|
|---|---|---|---|---|---|
| 10.00 | 1.33% | 760.00 | 137,168 | 16:35:24 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 754.00 | 760.00 | 756.00 | 750.00 | 750.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:45:05 | O | 17,000 | 760.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/6/2024 | 07:00 | UK RNS | Pollen Street Group Limited Transaction in Own Shares |
| 20/6/2024 | 07:00 | UK RNS | Pollen Street Group Limited Transaction in Own Shares |
| 17/6/2024 | 16:18 | UK RNS | Pollen Street Group Limited Holding(s) in Company |
| 14/6/2024 | 15:00 | UK RNS | Pollen Street Group Limited Result of AGM |
| 14/6/2024 | 14:42 | UK RNS | Pollen Street Group Limited Holding(s) in Company |
| 14/6/2024 | 07:00 | UK RNS | Pollen Street Group Limited Transaction in Own Shares |
| 12/6/2024 | 07:00 | UK RNS | Pollen Street Group Limited Transaction in Own Shares |
| 11/6/2024 | 07:00 | UK RNS | Pollen Street Group Limited Transaction in Own Shares |
| 03/6/2024 | 16:25 | UK RNS | Pollen Street Group Limited Total Voting Rights |
| 21/5/2024 | 07:00 | UK RNS | Pollen Street Group Ltd Posting of Notice of AGM |
Pollen Street (POLN) Share Charts1 Year Pollen Street Chart |
|
1 Month Pollen Street Chart |
Intraday Pollen Street Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/6/2024 | 14:40 | Pollen Street Capital | 143 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 17/6/2024 14:40 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 13:57 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 15:58 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 08:36 by wozzitworthit 550k and 17k buybacks : - |
Posted at 14/6/2024 08:25 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 13:16 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." |
Posted at 25/1/2024 17:16 by spectoacc They've replied now to my message, and finally fixed it, BUT you couldn't make up what the message says:"Thank you for your recent message. Please confirm what holding you're referring to by POLN as there is no ticker on our platform that matches that." I assume in the minutes after sending that, they discovered that oh, yes there is, it's the same POLN it's always been. Not quite Barclays Stockbrokers levels of ineptness, but you do sometimes wonder about HL these days. |
Posted at 14/12/2023 13:01 by topvest I've changed my view here and opened a small opening position after further research. The Pollen Street alternative asset manager looks like a high quality and successful operation. It was purchased for £285m versus the 2022 NPV of £300m, which is quite a high valuation on existing business. However, its fundraising and trackrecord is good, so it should achieve £5bn in a few years. The valuation could look much more attractive as the group heads towards £10bn in say 5 years time.The bull case is that this becomes a mini Intermediate Capital Group in 5-10 years using its own balance sheet to seed investments, as ICG did. The bear case is that it eats itself and becomes a Tetragon. I've decided that the current valuation is quite attractive in both scenario's. There may be more selling as it moves to being a trading company rather than an investment company early in 2024. The share price is definitely very weak, particularly given current strength in pretty much everything else. There's an 11% yield dropping to 9% in due course though to compensate. |
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