Pollen Street Secured Le... Investors - PSSL

Pollen Street Secured Le... Investors - PSSL

Best deals to access real time data!
Monthly Subscription
for only
Level 2 Basic
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Pollen Street Secured Lending Plc PSSL London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 862.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
862.00 862.00
more quote information »
Industry Sector

Top Investor Posts

chopp1: Thanks Spangle. I have e mailed investor relations on the matter but whether I get a reply is debatable!
spangle93: Typo - No, although we'd be eligible for 2Q and 3Q interest HONY's offer has been made on the basis of an unaudited "NAV for NAV" combination. Based on HIT's and PSSL's unaudited NAV per share (post recent share buybacks) of 1,016.4p and 948.8p at 30 June 2020 respectively. Because HONY is on a greater discount, their shareholders clearly have more to gain. This would appear to be the key attraction " As previously stated, HIT would seek to operate an active discount management policy as well as proactively seeking to manage any investor specific liquidity demands. HIT is in active consultation with PSSL shareholders regarding the terms of the active discount management policy for the Enlarged Group. Following completion of the combination, the liquid assets of the Enlarged Group will be utilised to maximise total shareholder returns which will include, inter alia, significant periodic returns of capital to shareholders via the use of selective share buybacks and/or tender offers as well as potential strategic placements with new investors. HIT's commitment to a value accretive active share price discount management strategy was highlighted most recently by the share buyback announced on 10 August 2020. Following completion of the combination, HIT will conduct a £200 million buyback via a tender offer structure to recognise the desire of certain investors to realise cash. The price will be struck at an attractive premium to the prevailing trading levels, at a price no lower than 10 per cent discount to the NAV per share of the Enlarged Group.
yieldsearch: Almost a third voted against the Chairman. sounds like some investors were not happy? Some valid questions also raised at the AGM: Large buyback in 18 and 19, nothing in 20 (board please take a note, it would have been very accretive during covid and beneficial for existing shareholders and waterfalll!). Taking questions 1 and 2 together, how can the board justify no buyback and then seeking more buybacks? I now see a headless chicken.. Aroon001: allow the loan to mature: well they dont have to do much, the loans will matured eventually. The big question is what will they do with the cash? Currently cash pile seems to be increasing, therefore dividend cover will reduce.. large buy back or tender/cancellation would make sense but how can you trust people changing their minds / without strategy? hxxps://www.pollenstreetsecuredlending.com/media/10333/2020-result-of-agm-final.pdf hxxps://www.pollenstreetsecuredlending.com/media/10316/pollen-street-secured-lending-annual-general-meeting-questions-and-answers.pdf
yieldsearch: well my understanding is that - the board doesnt like the asset manager, - some investors probably want to reduce or sell but not much liquidity and discount has been high for long time - the asset manager did a OK job vs the previous one, but really ought to have improve disclosure of underlying exposures to provide more visibility on the black box of stuff. inherent conflict with honeycomb also. - Portfolio strategy: this is basically a mix bag of consumer assets, property stuff, some secured, some unsecured, in europe, in uk, us and australia. probably doesnt help and one on the reason of the large permanent discount. medium term strategy is also difficult to grasp: if your shareholders are leaning toward liquidating the structure, why terminating the contract with the asset manager, they will need to find a new one just to liquidate the portfolio?? Not that i am defending the asset manager but doesnt look well thought. so yes in summary messy, and all the above entities contributed to the mess
rambutan2: 900p looks rather a good premium at present! But no doubt it'll be withdrawn, perhaps for a reduced one. Not sure I'd currently be wanting to hold the underlying portfolio even at a huge discount though. htTps://pollenstreetsecuredlending.com/investor-information
ADVFN Advertorial
Your Recent History
Pollen Str..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220701 01:28:59