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United Kingdom

Electra Private Equity PLC (ELTA.L)

ELTA.L on London Stock Exchange

340.00GBp
16 Aug 2019
Change (% chg)

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340.00
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42,418
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922.00
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325.00

Latest Key Developments (Source: Significant Developments)

Electra Private Equity Says H1 Nav Increase Of 7.1%
Thursday, 16 May 2019 

May 16 (Reuters) - Electra Private Equity PLC ::SAYS NAV AT 31 MARCH 2019 OF £195 MILLION (509.4 PENCE PER SHARE).SAYS NAV INCREASE OF 7.1% IN PERIOD (AFTER ADJUSTING FOR DIVIDENDS).  Full Article

Electra Private Equity end-Sept. net asset value 342 mln stg
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Electra Private Equity PLC ::NAV AT 30 SEPTEMBER 2018 OF £342M (892.4 PENCE PER SHARE).SAYS HIGHLIGHTS . NAV AT 30 SEPTEMBER 2018 OF £342M (892.4 PENCE PER SHARE).SAYS PRO FORMA NAV OF £202M (527.4 PENCE PER SHARE).SAYS FURTHER DIVIDEND ANNOUNCEMENTS WILL FOLLOW IN Q1 OF 2019.SAYS CONCENTRATION OF PORTFOLIO LEADS TO VOLATILITY AS DIFFICULT CONDITIONS IN UK RETAIL AND CASUAL DINING IMPACTED TGI FRIDAYS (£124.6M) AND HOTTER SHOES (£6.8M).SAYS BOTH IMPACTED BY EXCEPTIONAL WEATHER CONDITIONS IN 2018 AS WELL AS UNDERLYING MARKETS.SAYS RECOVERY PLANS FOR BOTH BUSINESSES ARE IN PLACE INTENDED TO INCREASE RESILIENCE AND VALUE PRIOR TO EXITS IN AN ACCEPTABLE TIMEFRAME.SAYS SPECIAL PRODUCT COMPANY (£7.3M) PERFORMING STRONGLY IN US CABLE AND TELECOM INFRASTRUCTURE MARKET WHILST SENTINEL (£4.1M) IS EXPERIENCING A CHALLENGING END TO A STRONG YEAR AS CUSTOMERS SUPPLY CHAINS ADJUST TO END USER DEMAND IN UK BUILDING PRODUCTS SECTOR.SAYS TAIL ASSETS CONTINUE TO PROVIDE EXPECTED VALUE REALISATIONS.SAYS PHOTOBOX SOLD POST YEAR END AND KNIGHT SQUARE DISPOSAL EXPECTED TO COMPLETE LATER THIS MONTH.  Full Article

Electra Private Equity Makes Shareholder Return Of 21 Percent
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Electra Private Equity Plc ::FY TOTAL SHAREHOLDER RETURN OF 21% FOR YEAR, COMPARED WITH 14% FOR FTSE 250.FY NAV PER SHARE OF 1,981P, (OF WHICH CASH 1,134P), A TOTAL RETURN OF 9% FOR YEAR.£1.5 BILLION OF CASH RETURNED TO SHAREHOLDERS IN YEAR.RECURRING ANNUAL MANAGEMENT EXPENSES REDUCED FROM APPROXIMATELY £33 MILLION TO APPROXIMATELY £5 MILLION.  Full Article

Electra Private Equity declares 914p/shr special dividend
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Electra Private Equity Plc ::ELECTRA PRIVATE - ‍COMPANY HAS COMPLETED HANDOVER OF INVESTMENT PORTFOLIO AND OPERATIONAL RESPONSIBILITIES FROM ITS FORMER EXTERNAL MANAGER​.‍RESOURCES REQUIRED TO PURSUE STRATEGY ANNOUNCED TODAY ARE NOW IN PLACE​.‍RECURRING ANNUAL MANAGEMENT EXPENSES HAVE BEEN REDUCED FROM APPROXIMATELY £33 MILLION TO APPROXIMATELY £5 MILLION​.DECLARING A FURTHER SPECIAL DIVIDEND OF £350 MILLION, OR 914P PER SHARE​.‍CONSIDERS THAT CURRENT MARKET CONDITIONS DO NOT SUPPORT NEW INVESTMENT​.‍SHOULD CONDITIONS CHANGE BOARD WILL CONSIDER FURTHER INVESTMENT​.  Full Article

Bramson bids goodbye to Electra, Sherborne's Welker to join board

LONDON Activist investor Edward Bramson is resigning from the board of Electra to focus on other commitments after leading a four-year transformation of the British private equity firm.