Princess Private Equity Share Discussion Threads

[cwa1] 19/12/2014 14:37

Nor idealing

[danieldruff2] 19/12/2014 14:33

Nothing from Halifax yet either

[eithin] 19/12/2014 14:27

Thanks SS. Chase up if not in Monday.

[skyship] 19/12/2014 14:23

No, still nothing.

[eithin] 19/12/2014 14:12

No divi here yet anything with Sippdeal SS?

[rcturner2] 18/12/2014 15:07

I have mine with tdw.

[eithin] 18/12/2014 15:02

Thanks SS not just me Charles Stanley.

[skyship] 18/12/2014 15:01

Haven't been credited with mine at Sippdeal yet...

[eithin] 18/12/2014 14:53

Anyone not receive divi due yesterday.

[skyship] 08/12/2014 15:23

Only had a small holding, but adding in the 27c dividend (XD c27th Nov.), an 8% turn in just a few weeks is satisfactory as needed the cash. Will be back for sure...

[rcturner2] 25/11/2014 09:09

The main thing is that the annual growth has to exceed the payment to investors, otherwise the trust will end up eating itself.

[mad foetus] 25/11/2014 09:05

OK understood. As you say, the money all comes back to you one way or another, it is just the payment profile that differs. Hadn't realised it had been discussed - sorry!

[rcturner2] 25/11/2014 09:03

We have discussed this here quite a bit. All returns to investors come from the assets, if PIN make a profit on a deal they reinvest the money in new deals, PEY pay some of that money as distribution to shareholders, whether you call it a dividend or a return of capital is purely a choice of words.

[mad foetus] 25/11/2014 08:58

Agreed, just be aware that the returns are largely funded from capital in the case of PEY. As you say, horses for courses.

[rcturner2] 25/11/2014 08:53

PIN and PEY do different things for their shareholders, so it is horses for courses. Both seem to be well run, and seem to get good return on their capital.

[mad foetus] 25/11/2014 08:50

I've bought into NBPE this morning as I think it is ripe for rerating for reasons I set out briefly on the PE thread.

I've looked at PEY and am concerned that the dividend isn't covered at all: it is mainly a return of capital, which doesn't work for me as I don't need the income now and don't want to sacrifice capital growth. I think PIN is a better bet personally.

[rcturner2] 19/11/2014 12:32

Well 6 years into a bull market everyone should be making good money. I like the Fundsmith strategy, just buy and hold solid businesses. PIN I have sold now, although I might regret that later I suppose. I would prefer it if they pay a dividend.

[mad foetus] 19/11/2014 11:56

No, that would have been nice though, was a good call. PIN is one of those I am looking at, though the redeemable shares look a better bet than the ords at the moment. Having said that, my portfolio has done pretty well this year (my holding in Fundsmith for example is 20 times bigger than that in the "dog" and has gone great guns), so can't complain.

[rcturner2] 19/11/2014 11:47

I hope you got some PIN when I mentioned it

[mad foetus] 19/11/2014 11:42

RCT, conceptually yes but the recipients tax authority can regard them as distributions of capital or income and that could affect the tax treatment at the recipient's end. Offshore companies don't have the same conceptual difference between capital and income: they can make a distribution out of any assets of the company provided the company remains solvent rather than being tied to any concept of "distributable reserves".

I'm looking to take a position in some PE. Still in the research stage by PEY looks a contender.

[rcturner2] 19/11/2014 11:33

all dividends are a return of capital, cash on the balance sheet is paid to shareholders

[tiltonboy] 19/11/2014 11:29

tel5,

Just be aware that the vast majority of the dividend is actually a return of capital.

[tel5] 19/11/2014 11:15

just bought these "7.09 e seem a good dividend payer and if in time euro strengthens should be a capital gain as well.

[skyship] 19/11/2014 07:37

Board decision on dividend payment

The Board of Directors of Princess Private Equity Holding Limited has decided that on 17 December 2014 a second 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 28 November 2014. The corresponding ex-dividend date on the London Stock Exchange will be 27 November 2014.

[envirovision] 17/11/2014 21:22

Record volume thus far this month