Princess Private Equity Share Discussion Threads

[rcturner2] 14/3/2015 10:59

Tilton they grew the nav by 13% last year so well over the dividend so we are getting capital growth and a good yield.

[tiltonboy] 13/3/2015 22:50

tel5,

It's secure because they are giving you your capital back for the majority of it.

[tel5] 13/3/2015 19:45

it all depends on what happens to the euro in 2years time if it becomes stronger we gain on conversion back to sterling , making this in part a currency play on the share price but also a good share in its own right nav up in last year and good dividend which looks pretty secure.

[rcturner2] 13/3/2015 14:50

tb, agreed, but if half the assets are in dollars, then we gain when that is converted into euros for the NAV and then we lose when the share price is converted from euros to pounds.

[tiltonboy] 13/3/2015 14:34

RCT2,

It's not what the assets are denominated in, but the share price!

[mad foetus] 13/3/2015 13:59

I have to express some discomfort at shares being listed on LSE in non-sterling currencies. It does make comparing like with like very difficult. So if you compare the charts of say HVPE, NBPE, PEY and PIN, PEY probably looks like the best performer, then PIN, then the 2 dollar denominated ones, whereas, adjusting for currency, the opposite is true.

[skyship] 13/3/2015 13:36

RCT - currency is certainly no red herring.....:

I exited here at 703c back on 8th December - just over 4 months ago - and received 546p/share

Since then the share price has risen 8.5% - BUT THE EURO has sunk 8.5%!

If you sold today @ 760c you would receive - what a coincidence - 546p!!!

I don't know about the manager; but Tilts is right as normal - an investment here has been a bit of a waste of time because of the currency.

[rcturner2] 13/3/2015 13:26

tb, I believe the currency is a red herring, as most of the assets are not actually in euros, so it is swings and roundabouts.

edit its 50% euro and 50% non euro

[tiltonboy] 13/3/2015 13:13

Exited at 7.62 today. Wonderful manager v useless currency.

[tiltonboy] 10/3/2015 19:35

Need the currency to go our way!

[tel5] 10/3/2015 18:19

good set of results this is a share to lock away and get a good yield as well as capital appreciation.

[tel5] 06/3/2015 16:44

very difficult to get any amount in quantity online , this is obviously a currency play as well as a growth story.

[madengland] 06/3/2015 11:49

Let me load a few more up first please. I like hidden gems. Nice yield and good environment for capital growth for PE IMHO.

[rcturner2] 06/3/2015 11:34

I think part of the reason is that if you go to the advfn fundamentals page for PEY no yield is shown, so this share will never been appear when people search on yield. I have been badgering advfn about this (it occurs on many other shares too) for quite a while, but they never address the problem.

[madengland] 06/3/2015 11:32

This is under the radar I agree, luckily fell onto mine and I've had a few, will take another load as soon as the new Isa year starts. Looking forwards to seeing updated nav

[badtime] 05/3/2015 19:57

That spread on MTH is bit yucky Sky

[skyship] 05/3/2015 16:13

Well, if they do breakout then a rapid run to circa 800c looks to be on the cards; though that surely would require a reasonable accompanying rise in the NAV.

In the sector I topped up my holding in MTH this week, effectively buying back the stock tendered at a higher level in December. Posted why on the MTH & PE threads:


free stock charts from uk.advfn.com

[envirovision] 05/3/2015 14:49

break out time .... this time ?

[warrior boy] 01/3/2015 14:07

This is an "under the radar" share that I am very pleased with.

[rcturner2] 27/2/2015 14:52

mf, you need to look at the actual assets, most are not euro denominated, so it is swings and roundabouts. They gain on the NAV when converted back to euros and then we lose in the share price and vice versa.

[mad foetus] 27/2/2015 14:49

I am very close to taking a nibble here. The Euro may have more to weaken, but it has fallen a long way already this year and the pound could hit its own turbulence in the election uncertainty. Dollar denominated PE funds look a great bet, but the yield on PEY and the discount are very attractive.

[rcturner2] 27/2/2015 14:41

Another superb monthly performance for this trust.

[skyship] 22/1/2015 09:16

RCT - many PEs are LSE-listed in US$ - APEF, JPEL, HVPE, NBPE...

Helps explain their performance - which you can see collectively on the PE thread.

[rcturner2] 21/1/2015 08:33

Worth noting though that the £ performance here may not be that great. If the ECB do go for QE, then the euro could fall significantly and that will effect the return for those investors who deal in £s. I do find it odd that this trust is listed on the LSE in euros.

[rcturner2] 19/1/2015 14:23

Thanks tiltonboy, that is much appreciated.