Princess Private Equity Share Discussion Threads

[tel5] 25/5/2016 22:12

I'm holding too good yield and no guarantee. Pound going to stay at current rate especially. If brexit

[deltrotter] 25/5/2016 21:13

Agreed - one for me to buy more every year and hold for the next 20 years.

[danieldruff2] 25/5/2016 20:11

PEY is a hold forever stock for me, very happy with it. Don't see the point of trying to pinch a few percent in jumping in and out particularly as one may get scalped for currency conversion by online brokers.

[tiltonboy] 25/5/2016 18:24

Nothing wrong with a profit...well done.

[skyship] 25/5/2016 17:51

Time to take the profit here @ c790c.

Why after that great 2% rise in the NAV for April?

Well, the share price has risen to compensate for the fall in £Sterling terms.

At 795c the discount has fallen to under 20% - now at just 18.2% - well below most peers.

More seriously, that 972c NAV actually falls by 4% to 933c when you factor in the 4% fall in the Euro/GBP rate so far this month! Taking that into account the NAV discount is now a mere 14.8%...

Take a look at my post on the PE thread to look at some comparitive discounts.

[bluemango] 06/5/2016 14:45

Note rumoured valuation, closing sentence:

"Via a leveraged buyout transaction, Hellman & Friedman LLC definitively agreed to acquire MultiPlan Inc, a New York-based provider of healthcare cost management services, from Partners Group Holding AG and Starr Investment Holdings LLC, ultimately owned by CV Starr & Co Inc. Terms were not disclosed, but according to sources close to the matter, the deal is estimated to be valued at $7.5 billion"

[bluemango] 06/5/2016 11:36

Market certainly seems to like it.

Yield at current offer price is around 6.7% so still good value.

[tel5] 06/5/2016 11:25

agm next Friday should make things clearer but seems a good deal

[bluemango] 06/5/2016 10:28

Terms of the deal haven't been disclosed, so they may be constrained as to what detail they can announce at this stage.

[rcturner2] 06/5/2016 10:18

I think there will be an RNS shortly, similar to the previous RNS about a significant impact of a realisation.

[cwa1] 06/5/2016 10:15

Morning. Thanks for the updates in multiplan. Being a lazy @rse, has anyone already worked out the implications for Pricess' figures?

[bluemango] 06/5/2016 10:06

"has been a period of innovation highlighted by the continued development of its technology-enabled solutions allowing the Company to expand into new markets and drive unprecedented growth,"

Wouldn't this deal normally merit an announcement from PEY?

[strathroyal] 05/5/2016 16:05

Could this be the reason behind today's activity, PEY's biggest holding

www.wsj.com/articles/private-equity-firm-near-deal-to-buy-multiplan-1462311730

[rcturner2] 03/5/2016 07:48

Nice increase in NAV here in March, should be a good gain in April too, when announced.

[skyship] 18/4/2016 07:46

Seems to add about 4.5% to the E9.42 NAV.

[rcturner2] 18/4/2016 07:43

That's about a 4% uplift in the NAV, is that right?

[cwa1] 18/4/2016 07:40

Sounds decent:-

Princess Private Equity Holding Ltd

18 April 2016

News Release

Guernsey, 18 April 2016

Partners Group and Capvis list portfolio company VAT Group AG on the SIX Swiss Exchange

Partners Group, the global private markets investment manager, and Capvis, the leading Swiss mid-market private equity firm, announced the successful initial public offering ("IPO") of VAT Group AG ("VAT"), the global market leader in the production of high-end vacuum valves and related products and services, on the SIX Swiss Exchange on 14 April 2016 (ticker symbol: VACN). VAT's IPO priced at CHF 45 per share, valuing the company at a total market capitalization of CHF 1'350 million. Following the listing and the successful exercise of the over-allotment option, funds managed and/or advised by Partners Group and Capvis hold approximately 45.8% of VAT's share capital.

Founded in 1965 and headquartered in Haag, Switzerland, VAT is the leading global developer, manufacturer and supplier of high-end vacuum valves, multi-valve modules, edge-welded bellows, and related services for advanced vacuum-based manufacturing processes. With operations across Europe, Asia and the US, the company focuses on end markets such as the semiconductor, flat panel display and photovoltaic industries, offering its clients over 1'000 valves that cover all relevant ranges of vacuum pressure. VAT employs around 1'200 people worldwide and reported net sales of CHF 411 million in 2015.

Based on the last reported NAV as of 29 February 2016, the carrying value of Princess' exposure to VAT Group stood at EUR 46.4 million. Based on the offering price of CHF 45.00 per share and the closing bid price of CHF 51.50 per share after VAT's first trading day on the SIX Swiss Exchange, Princess will receive gross proceeds of EUR 29.2 million and retain an on-going exposure of EUR 37.4 million as of 14 April 2016, in aggregate representing an uplift of EUR 20.3 million (44%) over the carrying value as of 29 February 2016.

[rcturner2] 23/3/2016 19:26

25% discount as well.

Great entry point here.

[bluemango] 23/3/2016 15:58

Having dropped to around level of previous resistance from over a year ago, this is now showing signs of stabilising at what will now be new support. Could be a decent recovery play with great yield of 7.5% at current offer price.

[whilstev] 23/3/2016 10:00

I had a little top up as well.

[bluemango] 23/3/2016 08:35

Director buy. Richard Battey has bought 2500 shares yesterday, total cost just shy of £14,000.

[warrior boy] 16/3/2016 18:17

Orinocor,The exchange rate the I'm charged by III is always, over a dozen deals, almost identical to that quoted on BBC website. Not been ripped off once.Commission only £10 and no Stamp Duty. No complaints there either.Ted

[orinocor] 15/3/2016 11:05

PEY is in euros so when you buy your broker converts £ to Euros
Then when you sell your broker changes Euros back to £

There is scope here for your broker to stiff you on the exchange rates.
I suspect the transaction costs are quite high on this share unless you have a euro account.