Princess Private Equity (PEY) reported a strong c 10% NAV TR from January to end-April 2021 (10% in FY20), largely driven by its in-closing exit from GlobalLogic announced in March 2021, generating a 45% uplift from its end-February 2021 carrying value. This represents a very solid 5.3x multiple on invested capital, despite the short holding period since 2018. PEY’s attractive dividend yield of c 5% is ahead of most of its peers and the manager is confident in its ability to maintain the current ....
24 Jun 2021
Princess Private Equity Holding - Solid Q121, attractive dividend and well-filled pipeline
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Princess Private Equity Holding - Solid Q121, attractive dividend and well-filled pipeline
Princess Private Equity Holding Limited (PEY:LON) | 1,062 53.1 0.5% | Mkt Cap: 734.7m
- Published:
24 Jun 2021 -
Author:
Milosz Papst -
Pages:
7
Princess Private Equity (PEY) reported a strong c 10% NAV TR from January to end-April 2021 (10% in FY20), largely driven by its in-closing exit from GlobalLogic announced in March 2021, generating a 45% uplift from its end-February 2021 carrying value. This represents a very solid 5.3x multiple on invested capital, despite the short holding period since 2018. PEY’s attractive dividend yield of c 5% is ahead of most of its peers and the manager is confident in its ability to maintain the current ....