Standard Life Private Equity Trust (SLPE)

Sector:

Investment Firms

Index:

FTSE Small Cap

 322.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 401.00
  • 52 Week Low: 192.50
  • Currency: UK Pounds
  • Shares Issued: 153.75m
  • Volume: 32,011
  • Market Cap: £495.06m

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 322.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 401.00
52 Week Low 192.50
Volume 32,011
Shares Issued 153.75m
Market Cap £495.06m

SLPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.26% below the market average71.26% below the market average71.26% below the market average71.26% below the market average71.26% below the market average
60.59% below the sector average60.59% below the sector average60.59% below the sector average60.59% below the sector average60.59% below the sector average
Price Trend
21.53% above the market average21.53% above the market average21.53% above the market average21.53% above the market average21.53% above the market average
25.14% above the sector average25.14% above the sector average25.14% above the sector average25.14% above the sector average25.14% above the sector average
Income
42.45% below the market average42.45% below the market average42.45% below the market average42.45% below the market average42.45% below the market average
72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average
Growth
85.09% below the market average85.09% below the market average85.09% below the market average85.09% below the market average85.09% below the market average
78.53% below the sector average78.53% below the sector average78.53% below the sector average78.53% below the sector average78.53% below the sector average

SLPE Dividends

  Latest Previous
  Q4 Q3
Ex-Div 24-Dec-20 24-Sep-20
Paid 29-Jan-21 30-Oct-20
Amount 3.30p 3.30p

Trades for 13-Jul-2020

Time Volume / Share Price
12:31 2 @ 322.29p
12:27 75 @ 319.33p
11:52 3,079 @ 322.18p
11:32 2,500 @ 318.87p
11:16 8 @ 322.41p

SLPE Key Personnel

Chair Christina McComb

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