ELTA.L Share News (ELTA)

ELTA.L Information

There is currently no data for ELTA

Electra Private Equity charges into new financial year

Thu, 28th Jan 2016 09:38

(ShareCast News) - Electra Private Equity charged into the financial year in bullish mood, with its board describing its first quarter as "excellent" on Thursday.The FTSE 250 firm said its share price of 3757p on 31 December 2015 reflected a total return of 15% since the start of the period, against a total return of 3% for the Morningstar Private Equity Index and 4% for the FTSE All-Share Index.Electra's board also pointed to a share price total return of 26% over the calendar year to 31 December.The company said it had £240m of net liquid resources at the period end, and £58m invested, with commitments to invest £89m in Photobox Group and £45m in Grainger Retirement Solutions."This has been an excellent start to the new financial year", said Electra chairwoman Dame Kate Barker."Absolute and relative share price performance has been strong, continuing the long-term performance trend and Electra Partners has made further progress in deploying Electra's capital as well as driving value in the portfolio", Barker added.Alex Fortescue, managing partner of Electra Partners, described the £192m Electra had invested or committed to invest as "making full use of our flexible investment mandate.""This is already more than in the whole of the last financial year, and we have a strong pipeline of new opportunities in which we expect to be able to deploy further capital", Fortescue added.Alex Fortescue also pointed to the merger of Electra's holiday park assets with Parkdean Holidays, creating a business with EBITDA of over £100m, as a successful example of its so-called "active ownership" approach.There were also some board changes made during the quarter, with Roger Yates stepping down as chairman on 5 November 2015 and being succeeded by Dame Kate Barker. Roger Perkin was appointed as senior independent director.On the same day, Edward Bramson and Ian Brindle were appointed as non-executive directors of the company.Electra's investment in Photobox Group was completed this month.

More News

16 May 2019 10:09

Electra Private Equity Assets Fall As Portfolio Realisations Continue

LONDON (Alliance News) - Electra Private Equity PLC net asset decreased in financial 2019 as the investment trust adopted the realisation policy voted in by shareholders in doubled shareholder and

9 May 2019 16:12

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 10 May IAGQ1 ResultsMillennium & Copthorne Hotels Q1 AviationQ1

30 Apr 2019 13:04

Sherborne Investors Vehicles For Electra, Barclays See Drop In Value

LONDON (Alliance News) - Sherborne Investors (Guernsey) B Ltd and Sherborne Investors (Guernsey) C Ltd both on Tuesday reported a sharp fall in net asset value.The funds were set up with of

20 Feb 2019 16:07

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 21 FebruarySSP GroupSunrise ResourcesIntegrafin HoldingsTertiary 22 25 UK of

11 Dec 2018 09:40

Electra Private Equity Winds Down But Waiting To Sell Retail Assets

LONDON (Alliance News) - Electra Private Equity PLC on Tuesday reported its net assets decreased in the financial year ended September 30 as the company manages its wind down but held onto its UK

19 Oct 2018 16:39

Electra Private Equity Sells Photobox Interest For GBP98 Million

LONDON (Alliance News) - Electra Private Equity PLC said Friday it has completed the sale of its Photobox interest to funds advised by Lexington Partners LP.The investment trust, which is a

4 Oct 2018 09:44

Electra Selling Interest In Two Assets, Plans To Wind Down

LONDON (Alliance News) - Electra Private Equity PLC on Thursday said it has agreed the sale of its Photobox and Knight Square interests to funds advised by Lexington Partners LP.The trust A

24 Aug 2018 08:49

Electra Private Equity Ends Sale Process, Still Plans Asset Disposals

LONDON (Alliance News) - Electra Private Equity PLC said Friday it has closed its formal sales process without receiving any offers to acquire the company.Back in May, the investment trust

24 May 2018 12:52

Electra Private Equity Asset Value Falls After Hefty Special Dividend

LONDON (Alliance News) - Electra Private Equity PLC said Thursday its asset value fell sharply after the payment of a hefty special dividend and as poor weather in March impacted its portfolio as

19 Mar 2018 08:25

TOP NEWS: Barclays Engages With Activist Sherborne Amid 5.2% Stake (ALLISS)

LONDON (Alliance News) - Barclays PLC said Monday that activist investor Sherborne Investors Management LP had built a 5.2% stake in the FTSE 100-listed bank after by a number

19 Mar 2018 07:54

UPDATE 1-Sherborne acquires voting rights over 5.16 pct in Barclays

LONDON, March 19 (Reuters) - Barclays said on Monday that entities controlled by activist investor Sherborne had acquired voting rights of 5.16 percent in the British issued a

16 Feb 2017 07:40

Electra gets £104m from AXIO sale of OAG

(ShareCast News) - Epiris, the portfolio manager of buyout fund Electra Private Equity, said its portfolio company AXIO Group has sold aviation intelligence group OAG, to funds managed by Vitruvian Partners for around $215m. Electra has received proceeds from AXIO of £104m, an uplift of £28m or 37%

16 Feb 2017 07:27

Latest Share Chat

ELTA.L Share News (ELTA)

Electra Private Equity charges into new financial year

Electra Private Equity Assets Fall As Portfolio Realisations Continue

UK Earnings, Trading Statements Calendar - Next 7 Days

Sherborne Investors Vehicles For Electra, Barclays See Drop In Value

UK Shareholder Meetings Calendar - Next 7 Days

Electra Private Equity Winds Down But Waiting To Sell Retail Assets

Electra Private Equity Sells Photobox Interest For GBP98 Million

Electra Selling Interest In Two Assets, Plans To Wind Down

Electra Private Equity Ends Sale Process, Still Plans Asset Disposals

Electra Private Equity Asset Value Falls After Hefty Special Dividend

TOP NEWS: Barclays Engages With Activist Sherborne Amid 5.2% Stake (ALLISS)

UPDATE 1-Sherborne acquires voting rights over 5.16 pct in Barclays

Electra gets £104m from AXIO sale of OAG

TOP NEWS: Electra Receives GBP104.0 Million From OAG Sale By AXIO

LONDON MARKET OPEN: Beazley Rises As Investment Returns Lift Profit

TOP NEWS: Electra To Receive GBP203.0 Million From Auditonix Sale

Latest Share Chat

ELTA.L Share News (ELTA)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Electra Private Equity charges into new financial year

Login to your account

Quickpicks are a member only feature

Login to your account