Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
To maximise capital growth by investing in a diversified portfolio of private equity funds and occasionally directly in private companies.
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Global shares are down, and pin are too, but over sold. They don't hold drillers or miners and the NAV is 1297p. Discount now over 28% and nearly 31% on the Pinr. It's a rare opportunity to pick up stock in a IT that has such a pedigree.
I've made money on PIN in the past and am thinking about re-entering ( along with SEC that I sold too early).
I will reply to myself a year or so on. pinr shares now 1237.5p, so not a bad year, but currently a 24% discount on the redeemables. I still dont see a better long term investment, with a company with long term performance and such a wide discount. I will hold on, and mainly with the pinr
PINR are over 22.5% discount, with the same NAV as the shares. So why doesn't the company just buy back PINR? It will find it hard to find a better investment.
and sensitive to downturn if 2007-9 any guide ...no advice intended
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
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.........
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
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
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
THE TAIL ON THE DONKEY
T OF BEER
Gets a mention from Moneywise PRIVATE EQUITY Private equity companies - firms not quoted on the stockmarket - can generate significant growth for investors, but they are more risky and more likely to fail. Also it is difficult for ordinary investors to gain a direct stake in a private company. This is where private equity trusts can come in useful. For Richard Wadsworth, partner in wealth managers Fitzallan, these trusts are an attractive satellite holding in an investment portfolio. "Private equity can provide a different type of return to mainstream businesses," he says. "The advantages of going through a private equity trust are that you have the comfort of knowing there is an expert board of directors overseeing the investments and greater regulation - regarding valuations, for instance." Wadsworth likes Pantheon International Participations. This is a fund of private equity funds, so it provides even wider diversification than a directly invested fund. Candover is another of his picks.
Massive jump here in a few weeks.