Princess Private Equity Share Discussion Threads

[bluemango] 26/8/2020 11:02

About right with the current (hopefully only temporarily reduced) yield, yes.

[boystown] 26/8/2020 10:57

Just looking again at this one having done well in the past. Is the yield now down to 3.11%? What prospects for reinstating things to the previous level - any thoughts?

TIA

[skyship] 26/8/2020 10:53

A useful disposal - adds c1% to the NAV...

[cwa1] 25/8/2020 07:41

An impressive uplift on carrying value:-

Princess Private Equity Holding Ltd

25 August 2020

News Release

Guernsey, 25 August 2020

Partners Group-led investor group to sell PCI Pharma Services, a leading global provider of outsourced pharmaceutical services

Partners Group, the Investment Manager of Princess Private Equity Holding Limited ("Princess"), has agreed the sale of a majority equity stake in PCI Pharma Services ("PCI" or "the Company") on behalf of its clients and alongside its investment partners Thomas H. Lee Partners and Frazier Healthcare Partners. Following the sale to private equity firm Kohlberg & Company and Abu Dhabi-based sovereign investor Mubadala Investment Company, Princess, alongside other Partners Group-managed funds, will retain a meaningful minority equity stake in the Company. The terms of the transaction were not disclosed.

The transaction values Princess' stake in PCI at approximately USD 50.8 million. This compares to a carrying value of USD 41.3 million (EUR 36.8 million) at 30 June 2020.

[cwa1] 17/8/2020 13:48

Dividend finally landed from iDealing

[cwa1] 14/8/2020 11:30

TBF I find them really good with nearly all dividends. I had a couple due today and they were in before markets opened. So, on the whole, I'm happy. However, when "foreign" dividends are involved it always takes longer and, for some reason, the PEY one is the worst of the lot. Ho hum!

[skyship] 14/8/2020 11:25

CWA1 - I too have an A/c with IDealing. Find them perfectly efficient and willing; but haven't noticed their alacrity or otherwise with divis...

[cwa1] 14/8/2020 10:21

Cheers, thanks for that bluemango

[bluemango] 14/8/2020 10:18

Received mine on 10th - but I'm not with iDealing.

[cwa1] 14/8/2020 08:31

No sign of the dividend yet in iDealing as usual. One week after due date. Yes, the one that was revised back to allow them time to process it :-(

Anyone else not had theirs?

[bluemango] 23/6/2020 10:17

Int div declared, 0.145 EUR which is more than I'd pencilled in (I'd guessed at 0.09 EUR) so I'm pleased with that and market seems relieved too. Confirmation of minimum 0.29 for FY2020.

[cwa1] 19/6/2020 16:13

Strangely positive indeed

[bluemango] 19/6/2020 16:04

News leak? Curious price movement.

[badtime] 12/6/2020 21:07

Nibbled on a few today

[bluemango] 11/6/2020 13:45

In hindsight, rather fortunate timing (see today's RNS):

"The exit valuation of Action was reflected in the Company's net asset value as of 30 November 2019"

And quite a good moment to be sitting on a usefully sized cash pile.

[bluemango] 05/6/2020 16:04

Witan increased to over 5%.

[whilstev] 03/6/2020 13:12

We should be hearing soon what the interim dividend if any will be. I am tempted to add here as the discount to nav is near all time highs.

[bluemango] 28/5/2020 10:02

Nice to see Chairman Richard Battey buy 5000 shares at total cost of around £38,000.

[bluemango] 01/5/2020 09:16

Prudent and not entirely unexpected action on dividend. Will be at least 0.29 EUR for FY20. First interim either suspended or just reduced; second interim will top up to at least 0.29 EUR for full year:

"The Company expects to pay a total dividend of not less than EUR 0.29 per share for FY2020. The timing of dividend payments will reflect the Investment Advisor's ongoing assessment of the potential capital requirements to support the portfolio. The Company may pay a partial first interim dividend, or the first interim dividend may be suspended if visibility has not improved. It remains the Company's intention to pay a second interim dividend in December, in part or in full, such that the total dividend for the year is not less than EUR 0.29 per share.

The Company recognizes the importance of the dividend for shareholders. However, while material uncertainty remains over the duration and impact of Covid-19 on the economy, the preservation of liquidity is considered the most prudent course of action to enable the Company to support its portfolio companies as required, and to protect long-term value for shareholders. The Company intends to resume a normal cycle of dividend payments when visibility has improved. A further announcement will be made regarding the first interim dividend in due course."

[bluemango] 28/2/2020 14:03

All a far cry from just a few days ago. Back to levels from around pre-election, November.

[rcturner2] 10/2/2020 09:11

This share is my longest hold, over 10 years I have been buying and selling this share.

It has been one of my best investments.

[bluemango] 07/2/2020 20:10

New all-time high. Next div amount announced in May.

[bluemango] 27/1/2020 10:06

Markets sharply down this morning; otherwise this morning's news, I'm sure, would have been reflected in positive share price movement.