ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

SLPE Abrdn Private Equity Opportunities Trust Plc

512.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Private Equity Opportunities Trust Plc LSE:SLPE London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 512.00 508.00 512.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Standard Life Private Eqty Trst PLC Estimated NAV at 31 October 2020 (1297F)

13/11/2020 7:00am

UK Regulatory


Abrdn Private Equity Opp... (LSE:SLPE)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Abrdn Private Equity Opp... Charts.

TIDMSLPE

RNS Number : 1297F

Standard Life Private Eqty Trst PLC

13 November 2020

Standard Life Private Equity Trust plc

Legal Entity Identifier (LEI): 2138004MK7VPTZ99EV13

13 November 2020

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

-- Estimated NAV at 31 October 2020 was 459.6 pence per share (estimated NAV at 30 September 2020 was 466.5 pence per share)

   --      Interim dividend of 3.3 pence per share paid on 30 October 2020 

-- SLPET received GBP12.1 million of distributions and paid GBP4.8 million of drawdowns during the month of October

   --      Outstanding commitments of GBP465.1 million at 31 October 2020 

SLPET's valuation policy for private equity funds and co-investments is based on the latest valuations reported by the managers of the funds and co-investments in which the Company has interests. In the case of SLPET's valuation at 31 October 2020, excluding new investments, 100.0% by value of the portfolio valuations were dated 30 June 2020.

Estimated NAV

At 31 October 2020, SLPET's estimated NAV was 459.6 pence per share (estimated net assets GBP706.6 million), representing a 1.5% per share decrease from the estimated NAV at 30 September 2020 of 466.5 pence per share (estimated net assets GBP717.2 million). The 6.9 pence decrease in NAV per share reflected losses arising primarily from a 0.7% depreciation in the euro versus sterling during October and the third interim dividend payment of 3.3 pence per share, which was paid on 30 October 2020. The cash cost of the third interim dividend was GBP4.9 million.

Drawdowns and distributions

SLPET received GBP12.1 million of distributions and paid GBP4.8 million of drawdowns during the month of October. The distributions received generated realised gains and income of GBP7.5 million.

Commitments

The Company had GBP465.1 million of outstanding commitments at 31 October 2020. The Manager believes that around GBP66.7 million of the Company's existing outstanding commitments are unlikely to be drawn.

Balance sheet and credit facility

The Company had cash and cash equivalents of GBP33.9 million at 31 October 2020 . In addition, it is due GBP15.2 million of deferred consideration during the year from investments sold in 2019. It also has an undrawn GBP200 million syndicated revolving credit facility, provided by Citi, Societe Generale and State Street Bank International, that expires in December 2024.

Update on COVID-19

The Manager continues to be mindful of the impact of COVID-19 and maintains regular communication with the private equity managers of the Company's investments.

The latest update from the Manager, which provides responses to frequently asked questions in relation to COVID-19, is available within the Latest News section of the Company website; www.slpet.co.uk.

Future announcements

The Company is expecting to announce its estimated NAV at 30 November 2020 on 14 December 2020.

Additional detail about SLPET's NAV and investment diversification can be found on SLPET's website. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website is incorporated into, or forms part of, this announcement.

For further information please contact Alan Gauld at SL Capital Partners LLP (0131 528 4424)

Note:-

Standard Life Private Equity Trust plc is an investment company managed by SL Capital Partners LLP, the ordinary shares of which are admitted to listing by the UK Listing Authority and to trading on the Stock Exchange and which seeks to conduct its affairs so as to qualify as an investment trust under sections 1158-1165 of the Corporation Tax Act 2010. The Board of Standard Life Private Equity Trust plc is independent of Standard Life Aberdeen plc and Phoenix Group Holdings.

Valuation Methodology

Unquoted investments are stated at the directors' estimate of fair value and follow the recommendations of EVCA and BVCA. The estimate of fair value is normally the latest valuation placed on a fund or co-investment by its manager at the balance sheet date. The valuation policies used by the manager in undertaking that valuation will generally be in line with the joint publication from EVCA and BVCA, 'International Private Equity and Venture Capital Valuation guidelines'. Where formal valuations are not completed at the balance sheet date the last available valuation from the fund manager or co-investment lead is adjusted for any subsequent cashflows occurring between the valuation date and the balance sheet date. The Company's Manager may further adjust such valuations to reflect any changes in circumstances from the last manager's formal valuation date to arrive at the estimate of fair value, for example, where sales proceeds are available. Quoted investments are valued based on quoted prices as of the last day of the relevant period.

The Company intends to release regular estimated NAV updates around ten business days after each month end, while continuing to issue quarterly updates. A breakdown of SLPET's portfolio can be obtained in the latest monthly factsheet, which is published on SLPET's website at:

www.slpet.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NAVBTBMTMTTBBFM

(END) Dow Jones Newswires

November 13, 2020 02:00 ET (07:00 GMT)

1 Year Abrdn Private Equity Opp... Chart

1 Year Abrdn Private Equity Opp... Chart

1 Month Abrdn Private Equity Opp... Chart

1 Month Abrdn Private Equity Opp... Chart

Your Recent History

Delayed Upgrade Clock