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Share Name Share Symbol Market Type Share ISIN Share Description
Princess Private Equity Holding Limited LSE:PEY London Ordinary Share GG00B28C2R28 ORD EUR0.001 (EUR)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.225 1.97% 11.675 11.60 11.75 11.65 11.40 11.45 25,765 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 155.1 224.0 5.2 807

Princess Private Equity Share Discussion Threads

Showing 76 to 98 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
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.
rcturner2
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!
mad foetus
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.
rcturner2
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.
mad foetus
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.
rcturner2
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.
mad foetus
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.
rcturner2
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.
mad foetus
19/11/2014
11:47
I hope you got some PIN when I mentioned it
rcturner2
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.
mad foetus
19/11/2014
11:33
all dividends are a return of capital, cash on the balance sheet is paid to shareholders
rcturner2
19/11/2014
11:29
tel5, Just be aware that the vast majority of the dividend is actually a return of capital.
tiltonboy
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.
tel5
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.
skyship
17/11/2014
21:22
Record volume thus far this month
envirovision
29/10/2014
08:43
Princess Private Equity Holding Ltd NAV increased by 4.7% in September A pretty remarkable performance, on the back of which I bought back in at 679 this morning. At that level the yield = 7.95% and the discount = 21.8%.
skyship
29/10/2014
08:07
Pleasing performance. Long may it continue.
tiltonboy
25/9/2014
10:21
Still, it was a handy breakout from the E6.60 plateau. That said of course, the rise from E6.60 to E7.00 may be a useful 6.1%; but only 3.6% when translated back into the strong £. So share price not as strong as it would seem - half the gain due to the weak Euro, which may also impact the underlying NAV...
skyship
25/9/2014
10:10
The point I'm trying to make is if there is no growth in NAV, and you continue to pay out the same dividend, you are cannibalising your capital.
tiltonboy
25/9/2014
10:01
I'm not sure I fully understand you. If NAV is 100p (say) and you intend to pay an 8% yield, then if you assume a 10% increase in NAV then NAV goes to 110p and then is knocked back to 102p to pay the dividend. So as long as the NAV growth is above the yield everything is fine?
rcturner2
25/9/2014
09:57
RCT, Not necessarily the growth; but certainly returning the NAV, so you may well have up to your own shoulder in your mouth without knowing it.
tiltonboy
25/9/2014
09:52
tilton, I assume this is just a method of returning the NAV growth to the investors? As long as the NAV increase exceeds the dividend yield, then the assets are still increasing and you are not eating your own arm, so to speak.
rcturner2
25/9/2014
09:42
RCT, You must remember that over 90% of the dividend payment is actually a return of capital. The income account only supports around 7% of the payment!
tiltonboy
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
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