Abrdn Private Equity Opp... Share Discussion Threads

[jackdaw4243] 25/2/2021 17:34

D
Thank you, always looking for long term investment funds that are not promoted by the commission hungry financial companies.

[deadly] 25/2/2021 17:15

HVPE simply has better performance over 1, 3, 5 .......years

[deadly] 25/2/2021 17:13

Don't know about awesome; not good until recently, now not bad. Other PE trusts are better: HVPE, ICGT, OCI

[jackdaw4243] 25/2/2021 17:04

Can't understand why anyone would switch to HVPE its a commission merry-go round.

[spangle93] 25/2/2021 16:58

This Edison research note was issued yesterday



SLPET provides exposure to high-conviction GPs (primarily across Europe) and its recent new primary commitments were made to sponsors with whom the company has relationships of more than 10 years.

Seven out of 10 investments in FY20 had a tech focus, which should help further increase SLPET’s exposure to the sector over time from the current 19% of NAV, closer to 25–30%.

Following the upsizing of its credit facility to £200m, SLPET’s over-commitment level (29%) is slightly below its targeted range of 30–75%, providing balance sheet headroom to pursue further investments in 2021.

SLPET’s total FY20 dividend of 13.2p (up c 3% y-o-y) translates into an attractive 3.3% yield, while the current 16.4% discount to NAV is slightly narrower than the five-year average (c 20%), but also broadly in line with the peer group average (1 7.2%)

[bluemango] 25/2/2021 16:22

Surprised there has not been more comment on this share.

The performance has been nothing short of awesome. Now hitting the highest point in two decades.

[spangle93] 26/1/2021 07:21

Standard Life Private Equity Trust plc ("SLPET" or "the Company") announces its estimated net asset value ("NAV") at 31 December 2020

-- Estimated NAV at 31 December 2020 was 488.7 pence per share (actual NAV at 30 September 2020 was 501.0 pence per share)

-- SLPET received GBP24.2 million of distributions and paid GBP20.3 million of drawdowns during the month of December

-- The Company had cash and cash equivalents of GBP50.2 million at 31 December 2020. In December, the Company received the remaining deferred consideration of GBP15.1m, relating to investments sold in 2019.



Discount remains, but from the annual financial report, a great track record of growing NAV annually

[skyship] 13/1/2021 07:39

At 375p they are on a 23.6% discount to the 490.6p Nov'20 NAV.

[spangle93] 12/1/2021 19:13

From another source today, but not sure when the research was done

Outside global trusts there are other discount opportunities. Winterflood picks out Standard Life Private Equity (LSE: SLPE) as a candidate.

Winterflood points out that, in common with other private equity trusts ,SLPE had a roller coaster of a year, with its share price falling 40% at one point. However, it benefited from the market recovery that took place from the end of March onwards and ended the year in positive territory, up 20%.

“Despite this, the fund is currently trading on a 25% discount to its latest NAV. We believe this represents a significant value opportunity given the fund’s strong long-term performance record, the quality of its investment portfolio, which reflects the team’s well-established selection process, and the strength of its balance sheet,” says Winterflood.

[bluemango] 18/12/2020 09:36

Ignore the displayed bid, I think someone's asleep.

It's not 361!

[rambutan2] 14/12/2020 20:56

And div:

The Company announces the payment of the fourth quarter interim dividend in respect of the year ending 30 September 2020 of 3.3 pence per ordinary share and brings the total dividends for the financial year to 13.2 pence per ordinary share.

This fourth quarter dividend which, in line with the Company's dividends during the year to 30 September 2020, will be partly funded from capital and will be paid on 29 January 2021 to all shareholders on the register as at 29 December 2020. The ex-dividend date is 28 December 2020.

[rambutan2] 14/12/2020 20:55

Nice uplift as sept valuations come in:

Estimated NAV

At 30 November 2020, SLPET's estimated NAV was 490.6 pence per share (estimated net assets GBP754.4 million), representing a 6.7% per share increase from the estimated NAV at 31 October 2020 of 459.6 pence per share (estimated net assets GBP706.6 million). The 31.0 pence increase in NAV per share reflected primarily a 8.1% uplift in the valuation of investments as at 30 September 2020, partially offset by a 0.5% depreciation in the euro versus sterling during November.

[speedsgh] 19/10/2020 12:11

"The Board continues to monitor the development of the COVID-19 crisis and the strain on most aspects of the economy in which the portfolio is invested. However, based on our expectations for the Company during the current financial year, the Board has agreed to honour its commitment to shareholders to pay a third interim dividend of 3.3 pence per share. The Board will monitor the progress of the Company during the remainder of the financial year before committing to paying a fourth interim dividend."

[rambutan2] 16/10/2020 21:26

I bought a few yesterday:
As the 31% discount is too out of kilter with rest of sector;
As the port has performed ok so far this year;
As get a 4% div;
As under Aberdeen ownership they are starting to be a bit more open minded with their investments and have extra resources to make use of.

[bluemango] 03/9/2020 11:34

Q3 dividend maintained at 3.3p, payable end of October.

[bluemango] 04/8/2020 09:53

New research note on SLPE:

[johnhelme2704] 01/4/2020 20:13

why will the discount get bigger? It has I agree....but why?

[robizm] 19/3/2020 19:46

Will get even bigger

[chc15] 17/3/2020 11:27

Dropped sharply last 2 days, have topped up via SL online. On big discount now.

[spangle93] 29/1/2020 18:11

edison research issued yesterday

[spangle93] 23/1/2020 11:50

Totally o/t but as there's only a few posters, hope that's not a problem

Sky - if you're out of PE, have you ever looked at PSSL. Different line completely - making loans to companies requiring capital - but again a counterpoint to "equities". They had a bad start but reads to me like different management is gently turning the ship around, which isn't yet reflected in the price, plus dividend increase of 20% to 7% shows confidence.

[skyship] 23/1/2020 10:57

Likewise - thnx for that useful commentary above RAM.

Personally out of PE at the moment, other than a small "bounce" punt on LMS as the discount has widened out to 44% and the current share price is covered by cash and their holding in the former manager GHE (Sp 38p - Cash 31p - GHE 8p - NAV total c68p).

Would also buy LTA, but YouInvest now charge 1% in and 1% out for the currency; so a 2% penalty for buying any foreign currency stock!

As for all the others, will once again wait for a discount anomaly.