The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
To provide shareholders with long-term capital appreciation in excess of the FTSE All Share Index by investing in unquoted companies.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Here's a results vid for HgT:
https://youtu.be/75neczbckQY?si=52KnlM4t6MiowB8C
Another great piece of business IMHO, GLA
This transaction values HGT's investment in GGW at approximately £93.8 million. This would represent an uplift of £27.0 million (40% or 5.9 pence per share) over the carrying value of £66.8 million in the Net Asset Value ("NAV") of HGT at 30 September 2023.
Note that these figures only relate to HgCapital Trust's share of Hg's overall investment in GGW.
Based on the 30 September 2023 reported NAV, the pro-forma NAV of the Trust is expected to be £2.3 billion (or 498.5 pence per share). HGT's available liquid resources, which includes the undrawn bank facility of £350 million for future deployment (including all announced transactions and the interim dividend paid in October) are estimated to be £760 million (33% of the pro-forma 30 September 2023 NAV).
Highlights over Q3 2023 include:
Strong portfolio trading and value creation continues to drive growth, leading to a total return NAV increase of 4.8% to a NAV per share of £4.94 and net assets of £2.3 billion.
Continued strong long-term performance driven by robust trading with the top 20 investments (76% of the portfolio by value) seeing last 12 months sales and EBITDA growth of 27% and 28% respectively.
Robust balance sheet with available liquid resources of £678 million (30% of NAV) and commitments to Hg funds of £1.0 billion (45% of NAV), to be invested over the next three to four years.
Hg continues to screen an attractive pipeline of investment opportunities. Further liquidity events are expected over the next six to twelve months.
Based on HGT's share price at 30 September 2023 and assuming all historic dividends have been reinvested, an investment of £1,000 twenty years ago would now be worth £22,384, a total return of 2,138%. An equivalent investment in the FTSE All-Share Index would be worth £4,127.
HGT have just posted a very good video update on RNS. Very clear and concise.
Continued strength shown here, I'm liking this
GLA
Seem a few of the Private Equity shares are getting significant buy ins and it seems like confidence is returning. Oakley Capital ( OCI ) had similar massive inflows today.
Yeah that's huge.
£381.45k went thru on the close as well
14:50:20 BST GBX389.5p 1,916,600 £7,465,157.00 OB 389. 392.5
Share price ticked up 1.75%
Pedrobull
Alas they very cheekily miss out 3i.
The winner by far specially over 10 years.
But 3i are on a premium so obviously upto you where to invest.
That's a good report and the summary at the bottom is clear where it shows HGT rank in peer group
£3.89 today I'm looking to add.
Https://www.edisongroup.com/research/high-quality-high-growth-high-margin/32417/
Had a stop loss trigger during the short lived and nonsensical banking crisis. Was going to put it all into HGT capital. Instead I put 20% into HGT capital and 80% into legal and general. Legal and generals was going exdivided in about 6 weeks.
Sold the day before it went exdivided for 9% gain and used the money to buy HGT which had fallen 3%. HGT is now up 12%. How good is that! How lucky was I!!
15th May 23 - Q1 results
Strong portfolio trading continued to be the main driver of performance, contributing to a total return NAV increase of 4.0%, closing the period at 470.6p NAV per share and net assets of £2.2 billion
Share price total return of -0.9% over the period, closing at 343.0p per share and a market capitalisation of £1.6 billion
I am hoping it will not perform well...until after legal and generals day before exdivided. I bought both on the 15th. I am hoping LGEN will rise faster as it approaches dividend day. Sell and stock up on HG. So far LGEN is winning up 100% more than HG. So would be nice for a fall in HG!
It went pop this afternoon. Good to see HGT starting to perform like it should.
A rare opportunity to purchase at this discount. The directors are certainly buying this week. Jim Strang bought 15,016 shares at 3.31 on March 28th. I topped up a couple (only a couple of thousand pounds, unfortunately couldn't afford more) of days ago @ £3.20. Price is currently recovering this afternoon.
Discount now 27% no logic but when has the market been logical at least in the short term. Hoping it won't recover before I can buy more in my isa
I am hoping for share price to fall further. I will be a buyer in my ISA and possibly in my sipp.
Ridiculous fall.
Beginning to make the dividend look good.
I am also still buying 3i. Not as much
Price continues to fall nav continues to rise. Buying more.
Here's a video for their results today:
https://youtu.be/EQXHZGwhyV0
A lot better
True but the normal uplift/average 20%
But better than a kick in the goolies!!
13%
It'll do, better than a kick up the 'erse
Uplift 13%
Not great.
They appear to own considerable less than 50%. So may not have had the control to hold for a better offer.
Here's an update video following HGT results. Probably posting a bit late, but hopefully useful to some:
https://www.youtube.com/watch?v=tZTifEnDM4M