whilstev
03 Jan 2018
Re: Dividend Received mine on the 27th Dec. I am also now with II having been a TDW account holder previously. I received mine in euros so might be worth checking if you are the same.
devonplay
03 Jan 2018
Dividend I hold this stock via ii.I dont appear to have received my dividend for the payment on 22 December.Has anyone else?DL
Charityman
12 Dec 2017
Re: Sharp Drop Seems to be picking up, now 10.610/10.700 so changing my view to Hold.I've two tranches, the first has always been in profit, mistimed the second but that's now practically back to break-even.
Greyinvestor
08 Dec 2017
Posting to PEYS I've bought into PEYS, to save the conversion problem.....
Vosene
12 Jun 2017
Re: Sharp Drop Well firstly it's just gone ex dividend. Secondly it's unusual for this to get so close to NAV as it did the other week. The NAV discount is still quite tight I would say, compared to past history.
Charityman
11 Jun 2017
Sharp Drop I topped up on 12th May and since then PEY has dropped like a stone.Any logical explanation?
Guitarsolo
30 May 2017
Re: Where will it stop? Afternoon Devon......Well, it's hard not to stick with PEY when it has been so good to me. Vosene's logic that the discount to NAV would fall as the company became more transparent has proven correct and has resulted in a nice capital gain for me. Just as important though is that divi (a juicy 7%+ when purchased).....and I note that the divi is increasing for the last 6 months from 27c to 28c....whooohoooo! More important than that extra cent though is a re-statement by the Chairman that it remains policy to pay out 5-8% of the NAV. Assuming the latter doesn't fall, we should assume a forward divi of between 54c and 85c using a NAV of 10.80 euros. In other words, the current divi is at the bottom of the range based on current NAV. That bodes well for a strong rise over coming years one would hope. Guitarsolo - not tempted to sell out
devonplay
25 May 2017
Re: Where will it stop? I'm sticking what th PEY Mr Solo.DL
Krayl
24 May 2017
Re: Where will it stop? GS - I bought ESO a few weeks ago and increased my stake after the news yesterday. I can now buy at 327p which is a 25% discount to NAV. I will make any more comments on the ESO board.
Guitarsolo
23 May 2017
Re: Where will it stop? Thanks Krayl, Were you saying that ESO was your best bet before or after the recent jump?!When I looked it was "only" 19% below NAV. Not quite at the 25%+ that PEY was at when I bought a nice chunk. Guitarsolo
Krayl
23 May 2017
Re: Where will it stop? Further to my previous post - I think the best below NAV opportunity is EPE Special Opportunties. This has the code ESO.
Krayl
20 May 2017
Re: Where will it stop? I wanted to contribute to this board as this is such a good share.I went looking for shares that are below NAV and show signs of bridging the gap - here are some thoughts:EPE, ASCI, APEF ELTA (need to look at figures carefully as they just returned half their value as a divi)JPI (due to be wound up Feb 2018 and have to pay off the zeroes but still looks good)JZCP (difficult to buy - Barclays wouldn't trade but III did)
azzalyzarc
20 May 2017
Re: Where will it stop? Other PE trusts I hold ICGT FPEO have also seen discounts narrow recently - FPEO might be on a premium now. This is a general rerating of the sector I think and back to what used to be 'normal' before the crashMy past experience with ICGT (20 yrs has been to take some profits when it moves to a premium - seems that premium rating is never sustained, and I suppose this is still a risky asset class for that.az
Vosene
19 May 2017
Re: Where will it stop? I'm surprised it has got quite as close to NAV as this. We're now at the point where dividend rises may come in, as their policy is to pay 5-8% of NAV a year as dividend, and we're almost at the bottom of that range.In terms of selling, I have been tempted but the amount one would lose on currency translation jumping in and out means I wouldn't want to trade it. Given the uncertainty over Brexit, I want to have a good chunk of my portfolio disconnected from the UK and sterling. I can't think of anything which ticks the same boxes as this; high yield, growing NAV, euro denominated, mid cap company investor - so I'll continue to hold as part of overall portfolio management even when it looks a bit toppy.If you can think of similar investments, please list...!
Guitarsolo
19 May 2017
Re: Where will it stop? Well Vosene, you HAVE been proven correct! The discount to NAV is now below 2% and those that have been holding for over a year have benefited from a welcome gain from c. 7 euros to 10.6 today! Nice. But now we have a different question. Will the NAV continue to rise? Is the ECB's trillion euros of QE filtering through to asset prices? The yield at today's prices is down to about 5.1%. Still pretty good, but it is starting to become tempting to sell some of these to lock in the profit. Guitarsolo
