Princess Private Equity Share Discussion Threads

[bluemango] 25/10/2016 18:06

Witan Investment Trust holding gone above 6%.

[tel5] 10/10/2016 09:32

dividends paid in euros so would have thought nav would be increased , share just having a breather until nav declared also a juicy dividend to look forward to for those who can wait . The value of the pound vs euro will definitely be a big factor in determining the value here in addition to the nav

[boystown] 07/10/2016 10:27

Has the weaker £ against the € has strengthened the NAV here?

[skyship] 30/9/2016 14:22

RCT2 - never wrong to take a profit, especially in the circumstances of the substantially reduced discount. Big Question is of course - where to reinvest!?

Best discounts all above 30% are the rather special situations of DNE, LMS, MVI & OCL.

More obvious attractions might be APEF (26.7%) & JPEL (25.0%)

[tiltonboy] 30/9/2016 12:04

RCT2,

An excellent profit, so no shame in taking it. A big narrowing of the discount makes the story a little less compelling.

[rcturner2] 30/9/2016 11:48

I've sold up at 8.30, taken my profits like a coward.

I'll be back if I can get in lower.

[tel5] 29/9/2016 17:29

mms tried to shake out holders earlier this week but obviously short of stock and todays rise shows that . This share was on a 20 % discount to nav after tree shake and with a nice dividend in the offing shortly seems a no brainer to hold or even top up.

[whilstev] 26/9/2016 09:43

Yes I am very happy with my investment here and am considering adding them to my wifes ISA.

[rcturner2] 26/9/2016 07:47

Good numbers from the monthly NAV changes, as is often the case. E10 of NAV available at E8.

[tel5] 17/9/2016 09:30

director also bought more at 8.3 euros so this should continue to do well , it has all the makings of a core holding with a 6.5% yield albeit out of growth in nav

[lord gnome] 16/9/2016 16:22

Almost all buys again today. Somebody's bot is hoovering up stock.

[rcturner2] 13/9/2016 15:30

Yes this is a little beauty, my best performing investment trust.

Great returns in constant currency terms and then the added bonus of the pound falling against the euro.

[bluemango] 13/9/2016 15:28

3 year high.

Nice high yielder, next dividend due December.

[cwa1] 15/8/2016 08:04

Princess reports record distribution proceeds in Half-Year Report 2016

Princess Private Equity Holding Limited (Princess or the Company) today publishes its Half-Year Report for 2016. The key items are:

n The NAV of Princess increased by 5.8% to EUR 9.78 per share (adjusted for the first interim dividend of EUR 0.27 per share).

n Partners Group's focus on value creation continued to foster strong revenue and EBITDA growth and healthy capital structures at portfolio company level. Consequently, valuation developments (+7.2%) were responsible for the NAV growth. Currency movements negatively impacted the NAV by -0.6%.

n The largest contributors to Princess' NAV growth over the reporting period were the direct investments in VAT Group AG, Action and KinderCare Education.

n During the reporting period, Princess invested a total amount of EUR 49.7 million in both equity and debt, including EUR 9.9 million in MultiPlan 2016.

n Princess generated record distribution proceeds in Q2 from exited investments totaling EUR 131.2 million, including EUR 57.7 million from Multiplan 2014 and EUR 27.2 million from VAT Group AG. This compares to EUR 42.7 million in the corresponding period last year.

Brian Human, Chairman, comments: "With the strong NAV performance and continued high level of distributions, the board remains confident that Princess is well-positioned as a leading global mid-market direct private equity fund. This, together with a high dividend yield objective, should ensure that Princess is well-placed to generate value for its shareholders over the years to come".

[tel5] 07/7/2016 17:13

this share was definately one to be in post brexit given the favorable exchange rate though any gain will be offset by dearer holidays abroad!

[warrior boy] 24/6/2016 17:26

A very interesting week. Made a couple of purchases when the share price was low and Euro exchange rate favourable.Post-Brexit vote and turbulence in market today am sitting further in positive territory.Funny old game. Good luck to all holders, hopefully this stock can carry on being a hidden gem.

[smarm] 20/6/2016 18:10

Skyship - thanks for reply. I'm in JPEL

S

[skyship] 20/6/2016 12:51

VH - No, wasn't forgetting the XD element which actually accounts for 1/3rd of the recent fall - see my Post on the PE thread:



Smarm - Hi again - IMO PEY a good trade from time to time; but not at the moment and not one of the liquidating PE Trusts we have both benefited from. In thay space I think the Best Buys currently are LMS & MTH; with DNE & JPEL also in the game.

[tiltonboy] 20/6/2016 12:27

vh,

I wasn't decrying the performance; it's still a core holding for clients.

[value hound] 20/6/2016 11:42

True enough but they still have an admirable track record in maintaining that capital. They aren't pretending to invest in high-yielding blue-chip stalwarts after all.

[tiltonboy] 20/6/2016 11:29

Sue,

Be aware, however, that the dividend is mainly a return of capital.

[value hound] 20/6/2016 11:24

SKYSHIP - You aren't factoring in the dividend of 27 cents which is the main reason for the "fall" since your last post. It went ex-dividend on May 27th.

smarm - the story / attraction here is the yield. There are bigger discounts elsewhere but they've proved their track record & reliability and have an admirable focus on yield.

[smarm] 20/6/2016 11:10

Skyship - what's the story PEY? Do you hold?

S

[skyship] 18/6/2016 14:13

PEY back down to 720c. Obviously now on a more attractive valuation compared with the over-valued 795c 2-3weeks ago. Though the c22% discount still not particularly cheap versus peers, such as the 33% discounts available from APEF, DNE & LMS.

[rcturner2] 26/5/2016 05:46

spot on dd

I hold and see no reason to sell, currency movements and discounts come and go.