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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
  -0.15 -1.33% 11.15 11.15 11.20 11.60 11.15 11.60 47,379 10:25:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 155.1 224.0 5.0 771

Princess Private Equity Share Discussion Threads

Showing 151 to 175 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
16/3/2015
09:39
mf, we have only ever talked 2 stocks, I told you long ago to sell POG and buy PIN. Come back and look at PEY in 3 years time and see where it is then.
rcturner2
16/3/2015
09:34
If you look at the CAPE gurus they are buying European markets at the moment (although not Greece obviously).
rcturner2
16/3/2015
09:32
Bought 981 of these for £5253.30 inc costs and exchange in Dec 2013, had always planned to add more but the currency was against me from the start. Just sold for £5236 inc exchange and costs. Had around £420 back in capital. That's a return of 7.5% in 15 months Not my greatest investment but it is the currency that has done this.
envirovision
16/3/2015
09:31
If the currency effects worry you, then you won't buy this IT. The point is that in general, currency effects are swings and roundabouts and you gain what you lose over the long term. If you believe what you are writing, then you should be shorting euro denominated stocks and markets (since you will gain in sterling terms), but you have already acknowledged that they are boosted by the euro QE.
rcturner2
16/3/2015
09:16
The currency movement part sums it up. 1.9% NAV increase because half of the portfolio is not in Euros and the Euro weakened by (say) 3.8%. Which means when you convert the NAV back to your base currency, the 1.9 NAV increase becomes a 1.9% loss. Investing in an asset denominated in a currency which is losing value is swimming against the tide. Compare PEY to HVPE or NBPE in their own currency terms and then in sterling terms and see the difference.
mad foetus
16/3/2015
09:09
January NAV increased by 2.6% Princess Private Equity Holding Limited's ("Princess") net asset value ("NAV") up by 2.6% to EUR 8.81 per share Overall portfolio developments (+1.1%) and currency movements (+1.9%) were positive for the month
rcturner2
16/3/2015
09:03
I sold out first thing in the end
envirovision
16/3/2015
08:52
mf, you state it is "insane" and then the rest of the paragraph proves the point.
rcturner2
16/3/2015
08:44
I think that is insane. Currency moves are in many ways much more predictable than others as they are flagged up by governments and central bankers. Japan and Europe are clear examples: both announced massive QE, both saw their currencies weaken massively and their markets rise. But if you bought an unhedged investment in either you would barely have made money, because most of the rise simply reflected currency weakness. The Euro is still falling and the dollar still rising. Far too early to call the bottom yet, though it is hard to see the downside in holding dollar assets at the moment.
mad foetus
16/3/2015
08:39
p14-15 "Currencies and shares", for example "Investors should not, however, base their strategies on a view of where currencies are heading". It's mainly about academic research which shows that when currencies move for or against you it normally balances out the corresponding equity move.
rcturner2
16/3/2015
08:15
...ignore any currency factors!!! Off to take a look - they surely can't have stated such an absurdity.
skyship
16/3/2015
07:07
Skyship, I have amended my post about the NAV growth, thanks for pointing out that error. Ironically there was an article in last weeks IC about currency movements versus share returns, and apparently the general research is that it does not actually effect returns, i.e. you should buy markets based on the potential equity returns and ignore any currency factors.
rcturner2
15/3/2015
18:09
GP - "I know it's impossible to predict with accuracy..." Never, ever try to predict currency movements - especially short-term!!! Overall direction over the medium term is certainly fair game; and that was why I sold Euro-denominated PEY and bought $-denominated JPEL. Haven't made many good calls in recent times - but that was certainly a good one. Read JPEL's Investor Presentation below and I suggest that any PEY holder would and should still switch horses. PEY's rise over the past week should ensure that most holders will now break even in £-terms; so take the opportunity... http://www.jpelonline.com/investor-information/investor-presentation.aspx
skyship
15/3/2015
12:45
I've held this for ages but the weakening of the Euro has caused me to buy more in recent weeks. It has surprised me that the high yield has not caused the NAV to close up sooner than this, particularly when you bear in mind, in the current yield frenzy, that Preference shares have gone madly over par etc.
danieldruff2
15/3/2015
11:25
Possibly whats driving it. If sterling strengthens much further this could even see a premium to nav by all accounts.
envirovision
15/3/2015
10:32
Nick / tiltonboy - surely on a simple long-term reversion to mean type of basis, the Euro will strengthen against Sterling from this point? I know it's impossible to predict with accuracy, but it seems to me a good reason to buy/hold PEY for some overall portfolio-cum-currency balance?
gingerplant
14/3/2015
18:52
RCT - The actual stats are; They grew the NAV from 809c to 858c, ie up 6%. But they also paid out a dividend of c7.5%. Ie, c 13.5%; though they actually state 13.2% Problem is that in Sterling terms the NAV dropped from 674p to 665p; and is now down to 629p. Another problem is that after the recent rise the NAV discount has slumped to a mere 12.6%, making them well over-priced versus their peers. Right to be out of these. Perhaps consider JPEL on a 25% discount; and BPM on a 34% discount.
skyship
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.
rcturner2
13/3/2015
22:50
tel5, It's secure because they are giving you your capital back for the majority of it.
tiltonboy
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.
tel5
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.
rcturner2
13/3/2015
14:34
RCT2, It's not what the assets are denominated in, but the share price!
tiltonboy
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.
mad foetus
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.
skyship
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
rcturner2
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
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