and sensitive to downturn if 2007-9 any guide ...no advice intended
19 Sep '13
Take of time soon...........
SP has been flat since I bought in but starting to move. The discount on this Trust is definately an anomaly and PIN has been singled out in the press recently .......... http://www.sharesmagazine.co.uk/articles/funds-pantheon-international-participations http://www.thisismoney.co.uk/money/diyinvesting/article-2370197/Investment-trust-portfolios-Alan-Brierley-Canaccord-Genuity.html http://www.telegraph.co.uk/finance/personalfinance/investing/10247545/A-buyers-guide-to-spotting-investment-trust-bargains.html
18 Mar '13
Just got on board last Friday, have done LOTS of research around ITs and this is the stand out one in terms of further potential from current levels.........
13 Mar '13
u av been luvily
bought a shed load at 1.34...and the rest is a glorious history...ahhhh ....but had to sell a bit here to fund some fun... multi multi bagger
29 Sep '12
Numis Tips Pantheon
NUMIS ANALYST TIPS PANTHEON George Crowe, investment trust analyst at Numis Securities, has tipped Pantheon International Participations, a private equity fund-of-funds investment trust. “Pantheon is generating significant amounts of net cash from realisations from its mature portfolio, which gives it firepower to repurchase its own shares as well as take advantage of attractive investment opportunities,” he said. “Their balance sheet is in good shape, and the portfolio has relatively low leverage.” Pantheon is trading on a discount of 36 per cent, compared with an average discount of 26 per cent for the sector, and Numis said there was potential for the discount to narrow. P.S. Here's some links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=256596&mode=2 http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=255276&mode=2 http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=257550&mode=2
29 Sep '12
Primed To Take Off
PANTHEON INTERNATIONAL PARTICIPATIONS: A HOT INVESTMENT TRUST PRIMED TO TAKE OFF Pantheon International Participations (PIN), one of the largest private equity fund of funds, is well diversified. North America accounts for 54% of its exposure, Europe 35% and Asia 11%. Only a fifth is in large company buyouts, a third is in mid-to-small company buyouts, and a further third in venture and growth, where it has achieved good returns. Pantheon is almost fully invested and has a relatively mature portfolio - nearly half has been in private equity hands since 2005 or earlier. It has cash and undrawn bank facilities of £150 million against forward commitments of £191 million, so the managers are under no pressure on that front. Plentiful funds have allowed shares to be bought in when the discount has approached 40%, enhancing the net asset value per share by around 1%. Despite such buybacks, the discount remains in the upper 30s. This is hard to square with NAV total returns, which have been ahead of the FTSE All-Share and MSCI World indices over five and 10 years. It remains Interactive Investor's 'aggressive choice.' Source: http://www.iii.co.uk/articles/50338/hot-investment-trusts-primed-take-part-two?utm_source=iii.co.uk&utm_campaign=homepage_editors_pick&utm_medium=onpagelink&utm_content=editorial
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