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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Third Point Investors Limited | TPOU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.20 | 0.77% | 26.20 | 16:35:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 26.50 | 26.50 | 26.50 | 26.20 | 26.00 |
| Top Posts |
|---|
Posted at 27/10/2021 20:23 by rambutan2 Onwards and upwards as the 3rd quarter investor letter is published today, including some suggestions for Shell:Early evening acknowledgement: |
Posted at 11/8/2021 20:28 by rambutan2 2nd quarter investor letter out last week: |
Posted at 01/7/2021 20:43 by rambutan2 1 July 2021SentinelOne Completes Successful NYSE IPO · TPIL has backed the company with both capital and board expertise since becoming an early investor in 2015, and added to its position on the IPO · Cybersecurity company's AI-powered technology is seeing rapid growth · Highlights compelling value proposition of private markets exposure as part of TPIL's flexible investment mandate Third Point, the Investment Manager of the London-listed, multi-strategy Third Point Investors Limited ("TPIL" or the "Company"), is pleased to announce that portfolio holding SentinelOne, Inc. ("SentinelOne") executed a successful initial public offering on 30 June 2021, representing an important milestone in the cybersecurity company's trajectory. At SentinelOne's (NYSE: S) closing valuation of $42.50 per share on 30 June, implying a market capitalization of approximately $11 billion, the Company estimates the resulting uplift to its 31 May NAV to be 1.9%. SentinelOne comprises about 6% of Third Point's flagship Cayman fund (the "Master Fund") portfolio as of the end of June and with the appreciation is now a Top 5 position. Led by Co-Founder and CEO Tomer Weingarten, SentinelOne pioneered the world's first purpose-built, AI-powered extended detection and response cybersecurity platform, helping make defence truly autonomous. Its Singularity Platform instantly defends against cyberattacks, performing at a rapid speed, great scale, and high accuracy. The speed of pinpointing digital threats is an increasingly critical global need, underscored by several recent high-profile ransomware attacks. SentinelOne currently serves more than 4,700 corporate, government and non-profit customers, and is growing annual recurring revenue (ARR) by more than 100% based on Q1 2021 year-over-year figures. Third Point's venture arm first invested in SentinelOne in 2015, leading its Series B funding round and taking a board seat. Since that time, the Investment Manager has advised the company on go-to-market strategy and capital markets approach, as well as having participated pro-rata in subsequent funding rounds. Importantly, Third Point chose to add to its position on the IPO, reflecting the enduring conviction it holds in management and in the prospects of the firm. The market capitalization of SentinelOne based on its first day of trading is more than 100 times the value of where Third Point led the Series B round. SentinelOne's public market debut marks the second high-profile traditional IPO of Third Point's 2015 expansion stage venture capital vintage in the past six months, with AI-driven lender Upstart (NASDAQ: UPST) having been listed since December 2020 and appreciating more than five times in value since. Upstart is now the Master Fund portfolio's largest position and has been a significant performance contributor on a year-to-date basis. The Company considers the flexibility to invest in private market opportunities to be a differentiated feature of the security and is an area where the Investment Manager can apply the same shareholder engagement it is known for across public equities and credit. This aligns with the Company's recent announcement of 1 April 2021 to allow an increased allocation to venture capital and private equity investments, to up to 20% of NAV. |
Posted at 26/5/2021 18:46 by rambutan2 This will be fun!...We, and we believe other shareholders (“Shareholders We believe the best way in which to address the persistent discount to NAV is to take more drastic action in terms of a change to TPIL's investment policy. We propose that the investment policy of TPIL be changed such that - to the extent required by Shareholders wishing to realise part or all their investments in TPIL - TPIL should seek to redeem its Class E and Class N Shares in the Master Fund (subject to the quarterly investor level redemption gate) and utilise the proceeds in offering Shareholders who wish to realise their investments in TPIL periodic opportunities to do so at the discretion of the TPIL Board (by way of tender offer, share buy-back or otherwise) at a price as near as possible to NAV (less related costs)... |
Posted at 23/4/2021 20:29 by rambutan2 AR published: |
Posted at 14/2/2021 20:57 by rambutan2 A good 4th quarter leaving TPOU nav up 20% for the year:Noted from letter that owns approx 18% of recent IPO Upstart (UPST), which has been on a tear since listing: ir.upstart.com/inves |
Posted at 24/10/2020 21:20 by rambutan2 Bought a few in April as remembered how well Mr Leob had performed coming out of the GFC. In particular, his success in distressed credit. This time, thanks to the Fed, the credit opp hasn't really come about, but TPOU has done ok and the shares better as the discount has come in. I'm happy to hold for the time being. |
Posted at 23/10/2013 06:19 by jonwig Q3 letter - activist stake in Nokia and return of capital to investors. Further details by month end, I think: |
Posted at 29/8/2013 06:18 by jonwig H1 results this morning, very positive. Includes:I am pleased that the strategic initiatives, introduced by the Board last year to narrow the ongoing discount to NAV, have made a significant impact across each of the share classes and we remain committed to reducing the discount further. As previously announced, given the strong year-to-date performance by the Investment Manager, the Board expects that a dividend of 5% of NAV will be paid to investors in the fourth quarter of 2013, barring any significant adverse changes to NAV Latest NAV was $16.27 suggesting dividend of around $0.80 and yield of 5.4%. Don't know whether dividend will be "standard Guernsey", ie. include a 10% tax credit and no hidden elements. Can't find a prospectus. |
Posted at 25/8/2013 08:05 by jonwig Third Point Offshore Investors Limited (the "Company") is a closed-ended limited liability investment company, registered and incorporated in Guernsey.Listed on the London Stock Exchange, the Company is a feeder fund and invests all of its capital (net of expenses and short term working capital requirements) in Class E Shares of Third Point Offshore Fund Ltd (the "Master Fund"). The Master Fund's investment objective is to achieve attractive returns by using an event-driven, bottom-up, fundamental approach to evaluate various types of securities throughout companies' capital structures. The Master Fund, Third Point Offshore Fund Ltd, is an exempt company with limited liability incorporated under the laws of the Cayman Islands. The Investment Manager of the Master Fund pursues a research-driven strategy based on fundamental value. The primary focus of the investment effort is to identify "event driven" situations in which a potential event should lead to a significant revaluation, up or down, in a company's securities. Positive potential events could include operational restructurings, recapitalizations, or change in management or sale of a company. Negative potential events could include a liquidity crisis, adverse litigation outcome, or the exposure of accounting or other irregularities. The funds managed by the Investment Manager have the capacity to assume large positions in particular companies, and to influence the affairs of those companies, thereby increasing the likelihood that the envisioned catalyzing event will in fact occur. This investment process has successfully been applied across strategies, industries and geographic regions. |
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