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CPCC
Posted: 17 December 2020 16:03:19(UTC)
#27

Joined: 30/06/2019(UTC)
Posts: 102
Apax on a roll as well.
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low income investor
Posted: 17 December 2020 16:07:59(UTC)
#25

Joined: 24/12/2019(UTC)
Posts: 535

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Rory Barr;142144 wrote:
Enjoying the 7% increase in HVPE today!


Yes HVPE is on a roll at the moment.
l bought shares in them on the 10/11 of November and already am sitting on a near 15% gain. :)
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Johan De Silva on 17/12/2020(UTC)
Rory Barr
Posted: 17 December 2020 16:20:11(UTC)
#26

Joined: 18/11/2018(UTC)
Posts: 737

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Was thanked: 2026 time(s) in 578 post(s)
low income investor;142150 wrote:
Rory Barr;142144 wrote:
Enjoying the 7% increase in HVPE today!


Yes HVPE is on a roll at the moment.
l bought shares in them on the 10/11 of November and already am sitting on a near 15% gain. :)


I bought in May and am up 38%, pretty much the same as HGT bought same day.
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low income investor on 17/12/2020(UTC), martin hargan on 26/02/2021(UTC)
Johan De Silva
Posted: 17 December 2020 18:02:35(UTC)
#28

Joined: 22/07/2019(UTC)
Posts: 4,414
HGT next to be given a leg up I think, for those in FOMO.

Hold for the long run though.
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Hunter
Posted: 23 December 2020 17:45:31(UTC)
#29

Joined: 20/01/2020(UTC)
Posts: 4

Was thanked: 14 time(s) in 4 post(s)
I feel NBPE offers a very attractive entry point at the current discount. I think a key factor that a lot of investors are missing when they look at the 5 or 10 year performance of NBPE is that it is now a very different vehicle to what it once was in terms of how they invest. The historic performance numbers will include when it was a fund of fund whereas it now over 90% direct investments and this has really only taken place in the last couple of years so a longer term performance comparison is one of apples .v. pears.
Further to that given it is direct investing this also means its fees are transparent and in many cases significantly lower than other listed PE funds. Many of its direct investments it does not pay a fee on so you the investor are only paying the NBPE management fees.
Regarding valuations, its not too hard to look at what markets have done in Q4 2020 and then take a view of the impact this will have on the NAV - however we will not see the official NAV reporting of Q4 until April 2021. Have a look at how some of their listed holdings have performed this year, I think NBPE is one of the gems of the listed PE space
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Big boy on 23/12/2020(UTC), Split Cap Jim on 24/12/2020(UTC), Jim S on 11/01/2021(UTC), martin hargan on 26/02/2021(UTC)
Split Cap Jim
Posted: 05 January 2021 18:11:40(UTC)
#30

Joined: 30/04/2016(UTC)
Posts: 235
NBPE do publish quite frequent investor presentations - the latest was from Dec 2020 with an estimated NAV update for 30th Nov - showing a 6.9% increase since end October.

In general many PE trusts are showing good NAV increases in their recent updates, and increases in NAV over the course of 2020. Discounts have also started to narrow, producing some good share price increases over the last 3 months. Not sure anything in the sector is a screaming buy, but will continue to drip feed into HGT & APAX.
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Big boy
Posted: 05 January 2021 19:17:46(UTC)
#31

Joined: 20/01/2015(UTC)
Posts: 6,679
Split Cap Jim;145028 wrote:
NBPE do publish quite frequent investor presentations - the latest was from Dec 2020 with an estimated NAV update for 30th Nov - showing a 6.9% increase since end October.

In general many PE trusts are showing good NAV increases in their recent updates, and increases in NAV over the course of 2020. Discounts have also started to narrow, producing some good share price increases over the last 3 months. Not sure anything in the sector is a screaming buy, but will continue to drip feed into HGT & APAX.



NBPE ........discount has narrowed recently but still a strong hold IMO. Performance aided by gearing of 2
Zeros...the later give an assured return which is taxed as capital gain rather than income. I have a small holding as prefer to Bonds.....
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CPCC
Posted: 05 January 2021 19:20:24(UTC)
#33

Joined: 30/06/2019(UTC)
Posts: 102
OCI due for re-rating
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Big boy on 05/01/2021(UTC), dlp6666 on 13/01/2021(UTC)
Johan De Silva
Posted: 05 January 2021 19:28:38(UTC)
#32

Joined: 22/07/2019(UTC)
Posts: 4,414
Split Cap Jim;145028 wrote:
. Not sure anything in the sector is a screaming buy, but will continue to drip feed into HGT & APAX.

Not on discounts to NAV but HGT was and still is a screaming buy as it should be trading on 20% premium to match listed markets and it should do ahead of the results and NAV update. It's started to move yesterday.

Re APAX I am not keen on the quality of the portfolio.

On discounts, SLPE on 19% discount is very tempting but I am not sure if this discount excludes the dividend.
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Big boy on 05/01/2021(UTC)
SKYSHIP
Posted: 09 January 2021 08:02:48(UTC)
#34

Joined: 06/11/2012(UTC)
Posts: 33

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Split Cap Jim - well, there's a moniker that reminds me of the glory days of 2002/5 with the great returns from the Splits. So many investors not fully understanding what was going on, discarded both the Income shares and the ZDPs with no reference to secure underlying value. So many of us swooped in to avail ourselves of the pickings.

You may find these two ADVFN threads of interest. The first is to the Private Equity thread; the 2nd to my own thread, the annually renewed Splits Followers thread - though sadly very rarely any mention of a Zero nowadays - though I hold AIFZ, INLZ. NBPP & NBPS - the last two of course the NB Private Equity ZDPs to which you referred.


https://uk.advfn.com/cmn...thread.php3?id=26570589


https://uk.advfn.com/cmn...thread.php3?id=47587903
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Johan De Silva on 09/01/2021(UTC)
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