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Vetta
"Dear Nicknaim, I am a new shareholder and a little ignorant. Please expalin your comment "heavy share manipulation",
Some people see conspiracy everywhere.
He will not reply as he's has not a speck of evidence to support it.
,Thank you.
A review of NBPE
https://hardmanandco.com/research/corporate-research/co-investments-generating-superior-performance/
Https://www.edisongroup.com/research/high-quality-high-growth-high-margin/32417/
"PE 4.25 - Earnings 475 - div. 50.5 - yield 2.5% ... is the dividend covered 9.4 times?"
Investment trusts/private equity don't have PEs.
Sometimes sites quote one but they are not relevant.
Yeild is 2.65% based on yesterday share price. (HL)
Cover is income but mainly capital from sales of companies. The 85% rule does not apply to capital returns. IE it will be mainly invested in new businesses and old ones.
The premium could be deemed to be more important at 15% but it's not unusual. Premium of 20% or greater is normal for 3i
He has lot to prove compared to Nigel.
More of the same is the best we can hope for.
It's not like there is a different strategy available.
The discount rate is what's effecting the share price. Zero risks bonds paying 4.5% or lowish risk LGEN?
For the moment the market is going for zero risk. Profits and hence increased dividends will change that.
As the profits and Dividends increase LGEN will start to come back again.
Alternatively interest rates stop rising expectations of them falling will increase and again LGEN will become an improved option.
Combine the two and up up and away!!
A slight exaggeration!
2 resolutions
1 for wind down passed with large majority.
2 change in investment management fees.
Passed with small majority.
The circular
https://otp.investis.com/clients/uk/vpc_plc/rns/regulatory-story.aspx?cid=1083&newsid=1688012
Results of meeting
https://www.hl.co.uk/shares/shares-search-results/v/vpc-specialty-lending-investments-plc?tab=security_news
Wind down to take from 3 to 5 years.
Delist before wind down complete to save listing fees.... probably. Depends how it's going.
Will be holding probably for a couple of years.
Keeping an eye on the spread.
There will come a time when it will just not be worth selling the shares into the market. Better to let it play out.