Private Equity Share Discussion Threads

[mangal] 30/5/2012 12:50

envirovision, maybe I have not explained myself clearly.
An example may illustrate better.

Suppose there were 10 holders of 100 shares each.

Say, half the holders don't tender at all
Say, the other half tenders their total holdings: 500 shares
Say, the allocation is 50%

So, when the broker tenders for 500 shares, the tender will be satisfied fully based on the total pool of 1000 shares.

maybe I'm wrong, but I'm not complaining !

BTW, now that my total holding of PEQ has gone down, I may buy some more.

[ianbrewster] 30/5/2012 12:41

I have two holdings and tendered 100% of each

for one, I appear to have had 17.8% accepted and the other 23.6%

[envirovision] 30/5/2012 11:49

If a broker did that he could be left short and it would be illegal practice also. They would be open to a huge fine and could lose their licence. Broker can only tender the right amount from his pool. He cant tender for people who dont want to tender in the hope of getting a better allocation for others.

[mangal] 30/5/2012 10:57

Not a mistake, I think; my guess is that the broker pools all their clients' applications together & I imagine I got some of the allocations of those who didn't tender all their shares.

[envirovision] 30/5/2012 09:35

I got an allocation of a tad under 19% which seems more than I had expected. If you read the results of the tender it explains 16.9% was allocated with an excess of 0.6% thereafter left:

Shareholders who tendered in excess of the Basic Entitlement will have
approximately 0.615 per cent of their excess satisfied (rounded down) resulting
in 130,682 Shares being tendered under the excess available.

25% ??? someone has made a mistake I would say

[mangal] 30/5/2012 09:19

Received the payment for the tender offer yesterday; nice to get an allocation of almost 25%, over & above the expected 16.9%.

[jaws6] 18/5/2012 08:28

today option expiry so mkt will move around, be carefull

[jaws6] 27/4/2012 12:31

got HPEQ,SPPC,PIN from that list.Tks.
will buy more PEQ if drop small ,did try to buy cheap but no luck.
tks for reply.

[skyship] 27/4/2012 12:08

No, took the turn lower down - DOH! Am particularly skittish this year; and even more prone to banking turns than normal. Determined not to lose Q1 gains in the way I did last year...

Have also sold PIN, but at least I waited longer there.

The PE stocks I now hold are:

APEF, HPEQ (added again recently - now my largest holding alongside SREI)), H2O, LMS, MTH & SPPC.

[jaws6] 27/4/2012 11:38

sky
Tks for that.so you adding more here?
I got this.
good info on h20,got none there yet.

[skyship] 27/4/2012 11:28

Just Damille topping up with another 300k to take them through 4% - they bought them from Laxey...

[jaws6] 27/4/2012 10:30

is that RNS increase in holding ?

[envirovision] 24/4/2012 14:29

I am happy as well

[skyship] 24/4/2012 12:15

NICK GREENWOOD will be a very happy man today!!!

[jaws6] 24/4/2012 12:07

RNS ON TENDER OFEER

[envirovision] 20/2/2012 14:08

It already has funds of 1.7M recently I assume some of which from Groupon and Zynga ipo. NAV being over £2.40 tender should be pitched very close to or it may opt for a special dividend.

[envirovision] 20/2/2012 14:02

Since the company has stated it expects to make a further cash distribution in the next few months, who can blame them.

[praipus] 20/2/2012 13:47

Damille buying,


I'm attempting to track the rest of their holdings in post 472 on the WAM thread

[praipus] 09/2/2012 17:09

Lol you must be in the Aquitaine region

IPO confidence here perhaps...

[skyship] 09/2/2012 14:59

Praipus - with your portfolio performance humility not required!

Encouraging rise recently - now 160p Bid...

[praipus] 09/2/2012 13:38

More lessons in humility and attention to detail.....