Standard Life Private Equity Trust (SLPE)

Sector:

Investment Firms

Index:

FTSE Small Cap

328.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 384.50
  • 52 Week Low: 320.00
  • Currency: UK Pounds
  • Shares Issued: 153.75m
  • Volume: 47,942
  • Market Cap: £504.29m
  • Beta: 0.10

Standard Life Euro. Private Equity draws in horns

Date: Friday 29 May 2009

LONDON (ShareCast) - Investment trust Standard Life European Private Equity Trust saw its net asset value per share slide by 22.3% in the six months to end-March as activity in the European private equity market slowed down dramatically.

Net asset value (NAV) per share at the end of March was 182.4p, down 52.4p from the figure at the end of September 2008, despite receiving a boost of 38.4p per share from favourable exchange rate movements. The company said NAV per share included 79.7p of unrealised losses on the portfolio.

Net assets at the end of March stood at £293.4m, down from £375.5m at the end of September 2008. Net debt stood at £30.7m, down from £36.4m six months earlier.

Distributions from the company's private equity fund interests slumped to £14.6m from £18.8 million in the preceding six month period, reflecting the significant slow-down in the private equity market over the reporting period.

The company funded a mere £30m of draw downs, down from £81.9m in the six months to end-September 2008.

Since the end of March the company has agreed to sell all or part of five private equity fund interests for £15.1m, The book value of the disposed of interests was £38.9m at the end of March. The fund interests have aggregate outstanding commitments of £52.4m, from which the company will be released.

‘In the current market realisations are likely to be limited to companies which are of significant strategic value to corporate buyers and in sectors that are more defensive in nature,’ said Scott Dobbie, the company’s chairman. ‘Accordingly, it is expected that European private equity fund valuations will remain under pressure in the short-term, however, the board believes that the actions taken in the last six months have strengthened the Company's financial position,’ Dobbie added.

The company does not pay interim dividends.

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SLPE Market Data

Currency UK Pounds
Share Price 328.00p
Change Today -2.00p
% Change -0.61 %
52 Week High 384.50
52 Week Low 320.00
Volume 47,942
Shares Issued 153.75m
Market Cap £504.29m
Beta 0.10

SLPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.70% above the market average22.70% above the market average22.70% above the market average22.70% above the market average22.70% above the market average
42.51% above the sector average42.51% above the sector average42.51% above the sector average42.51% above the sector average42.51% above the sector average
Price Trend
23.43% below the market average23.43% below the market average23.43% below the market average23.43% below the market average23.43% below the market average
52.3% below the sector average52.3% below the sector average52.3% below the sector average52.3% below the sector average52.3% below the sector average
Income
41.12% below the market average41.12% below the market average41.12% below the market average41.12% below the market average41.12% below the market average
77.17% below the sector average77.17% below the sector average77.17% below the sector average77.17% below the sector average77.17% below the sector average
Growth
98.76% below the market average98.76% below the market average98.76% below the market average98.76% below the market average98.76% below the market average
94.66% below the sector average94.66% below the sector average94.66% below the sector average94.66% below the sector average94.66% below the sector average

SLPE Dividends

  Latest Previous
  Q4 Q3
Ex-Div 19-Dec-19 19-Sep-19
Paid 24-Jan-20 25-Oct-19
Amount 3.20p 3.20p

Trades for 10-Dec-2019

Time Volume / Share Price
14:15 3,800 @ 328.07p
14:08 970 @ 328.07p
13:31 3,000 @ 330.36p
12:57 349 @ 328.07p
12:52 431 @ 328.07p

SLPE Key Personnel

Chair Christina McComb

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