Princess Private Equity Share Discussion Threads

[envirovision] 23/6/2014 17:06

What about those of us that prefer costa ?

[danieldruff2] 23/6/2014 16:52

Nothing yet - perhaps we will be paid in Caffe Nero vouchers

[envirovision] 23/6/2014 16:28

Still nothing, anyone ?

[tiltonboy] 19/6/2014 15:36

Not yet. Possibly having the fx done on it.

[cwa1] 19/6/2014 14:19

Afternoon

Just checking, has anyone received their dividend yet? Due yesterday but no sign yet and hoping I'm not the only one!

[envirovision] 22/5/2014 14:35

I'm liking this, no problem with returning cash going forward, fantastic distribution

[cwa1] 13/5/2014 07:47

For the record:-

Board decision on dividend payment

The Board of Directors of Princess Private Equity Holding Limited has decided that on 18 June 2014 a first interim dividend for 2014 of EUR 0.27 will be paid on each Ordinary Share.

The relevant date for the entitlement to the dividend (record date) will be 30 May 2014. The corresponding ex-dividend date on the London Stock Exchange will be 28 May 2014.

[envirovision] 07/5/2014 12:09

Should go ex div in a few weeks max

[irkin] 31/3/2014 15:28

seekerofvalue

Not really no. A large part of the dividend is being paid out of capital at present. PEY seems to be a play on the successful implementation the new strategy to stabilise/increase NAV or reduce the discount whilst continuing to pay the hefty dividend.

[tiltonboy] 28/3/2014 12:09

That was part of my trade moving stock into an ISA. Both sides should have marked in £.

[danieldruff2] 28/3/2014 11:30

I see for the second time in a couple of weeks a trade has mixed up pounds and euros. My online broker did that to me the other month on this one as well, even rang me up to apologise.

[seekerofvalue] 20/3/2014 11:49

Irkin,
Did the statement within the Annual Financial Report last week, reassure you about the dividend yield?


[Also going forward Princess intends to pay dividends with an annual aggregate of 5-8% of NAV per share. The Board of Directors is confident that the strong dividend yield on offer will further enhance the attractiveness of Princess to potential and existing investors alike.]

[irkin] 28/2/2014 11:25

I am a holder but thinking of increasing. Does everyone think yield is safe (PEY stopped dividend payments 2009/2010) whilst growing NAV albeit slowly.

[seekerofvalue] 28/2/2014 10:18

I have increased my investment in PEY this month. The yield is secure and it will only take a little bit of activism for the share price to climb. SKYSHIP is correct though, PEY is a laggard and management appear content with just buying back stock.

PEY Historical performance
hxxp://princess-privateequity.net/en/portfolio/index.php

[envirovision] 26/2/2014 12:11

I hold, not many but happy with yield and a good way to keep an eye on things, im sure we could see 7 euro a piece in 12 months or so.

[skyship] 26/2/2014 10:17

Hold a few, but frankly rather ambivalent about them, so likely to sell and buy more CDI. Only bought PEY as others recommended, mainly for the yield. Obviously had idle fingers and pressed the BUY button without full consideration!

Their portfolio growth has been really poor over the years, even adding back the 8%ps for the yield. A real laggard versus their peers; seem to be managed by committee and have too high a %age of the portfolio post 2010.

[irkin] 24/2/2014 12:26

SKYSHIP do you see value here at the moment?

[skyship] 24/2/2014 07:26

24 February 2014

Princess reports January NAV - Two new direct investments

è Princess' net asset value (NAV) increased by 0.3% to EUR 8.11 per share

è Princess deployed EUR 17.4 million to new direct investments and received EUR 2.3 million in distributions

è Positive currency movements (0.6%) during the month

[speedsgh] 13/2/2014 08:44

Small mention of PEY in latest issue of Investment Trust Insider (pg34)



Willcox highlighted Princess Private Equity (PEY.L) as a cheaper opportunity. Offering an 8% yield, this trust trades at a 20% discount after a difficult 2013. Wilcox cautions that prospective investors need to do their research, however, as 'the income is coming partly from income and partly from capital; you need to be aware of that'.

[danieldruff2] 31/1/2014 15:34

Interesting conference call and presentation today.

www.princess-privateequity.net/en/investor_relations/web_cast_live-events.php?ml

Target dividend of 5-8% p.a. of NAV
Dislike being on a NAV discount of over 20%, hoping for a similar rating to 3i etc
Hoping analysts will rerate them once direct investments go over 50% (currently 44%)

[atholl91] 06/1/2014 19:08

Have a look at the Parent Co to PEY - Partners Group - PGHN listed in Switzerland.Stellar performer since listing in 2009 up 450%. Hist Div yield 2.5% & all in CHF.

[speedsgh] 31/12/2013 11:03

Interesting brief article here on the sector -

[speedsgh] 31/12/2013 10:56

Am attracted here by the yield + discount to NAV but am struggling with the exposure to euro risk that comes with an investment in PEY. Maybe I am worrying unnecessarily?

[jaws6] 31/12/2013 07:20

Buyback at 6.15 for 5000 shares ? RNS