HGT Results Video [link] DL
HgCapital Trust plc ANNUAL Results for the YEAR ended 31 DECEMBER 2018 key Highlights FOR THE YEAR TO 31 december 2018 § NAV per share of £21.57, a total return of 14.3%. § Share price total return of 3.5% to 31 December 2018. § Proposed final dividend of 30 pence per share (full year dividend of 46 pence per share). § Strong revenue and EBITDA growth of 25% and 27% respectively across the top 20 investments (89% of the portfolio) over the last twelve months. § Valuation multiple (EV/EBITDA) of 17.3x and net debt to EBITDA ratio of 5.6x for the top 20 investments. § Net £217 million* of cash returned to the Company and £187 million invested on behalf of the Company. § Board’s range of skills and experience enhanced by the appointment of Jim Strang (Managing Director and Head of EMEA at Hamilton Lane Associates Inc.) and Guy Wakeley (CEO of Equiniti Group plc). § New commitments to invest up to £225 million in Hg Saturn and Transition Capital over next 2-3 years, broadening the investment reach of the Company in its chosen sectors. Roger Mountford, Chairman of the Company, commented: “We have announced excellent results for 2018 - a total return in NAV per share of 14.3%, mostly from growth in profits, and well ahead of the wider market. Our top twenty investments (89% of the portfolio) achieved 25% growth in revenues and 27% growth in earnings over the year.” DL
HgCapital Trust plc ("the Company") Performance at month end [link] DL
Peak PE ? Jefferies turns cautious on listed private equity From the Adventurous Investor The Adventurous Investor – 4 Jul 18 Peak PE ? Jefferies turns cautious on listed private equity Last week Matthew Hose equity funds analysts at Jefferies brought out an excellent short note on the private equity sector. For much of the last few years, most fund researchers have been very upbe… DL
Re: Recently Added More That should have been on HICL.L,As you might guess, I've also Ben looking over HGT!Sorry if I've confused anyone.DL
Recently Added More I recently added a few more.I dont usually get the jitters, but markets at all time highs, dont make me feel like rushing in, on the other hand the premium has reduced below that long term average, 4.6 yield and a certainty about that income makes me willing to pick up on any declines.If we go lower, I'll add more. At worst a hold, but if your risk averse, willing to take the long view, there could be plenty of merit in having this one in your portfolio.I'll accumulate more on any opportunity presented.DL
A quality operation, very good gains this year and a hold for 2017.
Re: Hello Hi Dave,It's a quality crew. I bought most of my holding in the eye of the storm back in '09/12, so it's been a roller coaster at times.But, you know quality always comes through. I also hold FPEO, which comes along with a solid divided, lately I've ben buying VCT's in the second hand market, but in a world of potentially low growth, PE and Asian/EM is a must in my mind. If it comes along with income all the better. It's why I've got larger holding in HFEL and JEMI.I also bought PCT when tech was out of fashion, in a low growth world you've got to have some exposure to tech in my opinion.Hope that helps in some way. I'd add more HGT as I've got 20% personal income coming from equity dividend, but on any volatility.DL
Re: Hello Excellent. The reason I bought in here is because I was finding less value these days /growth expectations in listed stocks and was using this as access to PE companies - albeit paying a manager on route.Any insights into them you have ?ThanksFD
Re: Hello Yes!DL
Hello Anybody following this board. HAve bought a small stake and continue to review the company ?FD
consolidated tax cert My broker certificatesay i have received from HGT. I only hold the ordinary shares. Shouldn't that be dividend?