Share Name Share Symbol Market Type Share ISIN Share Description
Std Life Priv. LSE:SLPE London Ordinary Share GB0030474687 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 336.00p 332.00p 336.00p 336.00p 332.00p 336.00p 95,875 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.0 14.3 8.0 42.1 528.65

Std Life Priv. Share Discussion Threads

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Estimated NAV: At 30 November 2017, SLPET's estimated NAV was 388.4 pence per share (estimated net assets GBP597.2 million), representing a 0.3% per share decrease from the actual NAV at 30 September 2017 of 389.6 pence per share (actual net assets GBP599.0 million). The 1.2 pence decrease in NAV reflected unrealised foreign exchange losses arising primarily from a 0.9% depreciation in the US dollar versus sterling during October and November.
What a smashing trust this is. R2
Estimated NAV: At 31 May 2017, SLPET's estimated NAV was 373.7 pence per share (estimated net assets GBP574.6 million), representing a 1.3% per share increase from the actual NAV at 31 March 2017 of 368.9 pence per share (actual net assets GBP567.2 million). The 4.8 pence increase in NAV reflected unrealised foreign exchange gains arising primarily from a 1.8% appreciation in the euro versus sterling during April and May. SLPE close a great week - UP 7.7% from 311p to 335p...
May nav sheet: htTP://
Standard Life Private Equity Trust (SLPE) aims to achieve long-term total returns via investing in a focused, primarily European portfolio of leading private equity buyout funds. The investment policy was revised in January 2017, removing size and geographic restrictions, to enlarge the investment opportunity set without diluting the trust’s strategy and focus. New fee arrangements have been agreed, with a single annual management fee of 0.95% of NAV and no incentive fee. The board has also stated its intention to raise the FY17 dividend to 12.0p, equating to a 3.8% yield, and grow it at least in line with inflation. Returns have been notably strong over one year. 12 months ending Share price (%) NAV (%) LPX 50 (%) LPX 50 NAV (%) MSCI World (%) FTSE All-Share (%) 31/12/12 32.0 0.9 25.3 10.1 11.3 12.3 31/12/13 23.2 11.5 38.2 13.6 24.9 20.8 31/12/14 10.0 8.8 4.2 8.8 12.2 1.2 31/12/15 1.1 8.0 5.9 4.9 5.4 1.0 31/12/16 43.0 29.9 29.8 29.3 29.1 16.8 Source: Thomson Datastream, Bloomberg. Note: Twelve-month discrete £-adjusted total return performance up to last published quarter-end NAV. Investment strategy: Europe-focused fund selection: SLPE invests via primary commitments and secondary transactions in what the manager views as the leading European private equity buyout funds. The aim is for the portfolio to comprise around 35 to 40 active private equity fund investments, broadly diversified by country, sector and maturity. The manager employs a bottom-up approach to private equity fund selection, with a top-down overlay designed to direct the investment team towards attractive geographies, sectors and strategies. Exposure is managed through the primary and secondary funds markets. Market outlook: Attractive opportunities exist: Private equity funds’ uninvested capital is at peak levels, reaching US$869bn globally in H116, but SLPE’s manager notes this remains lower than the expected level of investment over a typical five-year private equity fund investment period, and does not anticipate higher purchase prices leading to significantly depressed returns. While European private equity deal volumes have been volatile, the manager reports fairly steady activity in the mid-market segment on which SLPE is focused. Should an economic downturn or potential market dislocation occur, this could provide an attractive opportunity for tactical investment. In the current pricing environment, the manager sees potential for smaller, region-specific funds – which face less competition for deals – to provide attractive opportunities. Valuation: Narrowed discount, increased yield: Having followed a broadly widening trend over the previous two years, SLPE’s share price discount to NAV has narrowed from 36.5% in March 2016 to its current level of 11.1%, which stands as one of the narrowest in the peer group. The board intends to increase the FY17 dividend to 12.0p, equating to a prospective yield of 3.8%, leading the dividend-paying funds in SLPE’s peer group
Standard Life Private Equity Trust PLC (SLPE) is an investment company managed by SL Capital Partners LLP; and qualifies as an investment trust under sections 1158-1165 of the Corporation Tax Act 2010. The Board of SLPE is independent of Standard Life plc. The trust changed its name from Standard Life European Private Equity Trust (SEP) in Jan’17. SLPE is a “Fund of Funds” private equity trust. Basic stats inc. past performance can be seem on the website using this link: The Company intends to release regular estimated NAV updates around ten business days after each month end, while continuing to issue quarterly trading statements. A breakdown of SLPET's portfolio can be obtained in the latest monthly factsheet, which is published on the Manager's website at: Annual Report to 30th Sept’17: Link to the Private Equity thread:
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