Petershill Partners (PHLL)

Sector:

Financials

Index:

FTSE 250

267.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 284.50p
  • 52 Week Low: 169.00p
  • Currency: UK Pounds
  • Shares Issued: 1,081.71m
  • Volume: 197,630
  • Market Cap: £2,888.16m
  • Beta: 0.00

Petershill Partners H1 partner distributable earnings rise

By Iain Gilbert

Date: Wednesday 21 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Private equity firm Petershill Partners said on Wednesday that interim partner distributable earnings had risen as the group delivered on its plan despite an "uncertain" economic backdrop.
Petershill Partners said on Wednesday that partner distributable earnings had climbed to $169.0m, while adjusted underlying earnings for the six months ended 30 June came to $153.0m, with an adjusted earnings margin of 90%. IFRS losses after tax came to $359.0m.

APM basis investments at fair value came to $5.0bn, down $570.0m or 10% as higher operating results were offset by an increase in discount rates on private capital assets - which moved from a blended 15% to a blended 17% during the period.

Petershill, which declared an interim dividend of 3.5 cents per share, also amended its 2022 full-year guidance, stating that partner-firm organic gross fee paying assets under management had risen to $50.0bn in 2022, up from $40.0bn-45.0bn a year earlier.

Chairman Naguib Kheraj said: "Our first half results demonstrate the strength and resilience of our distinctive business model. Our partner-firms delivered strong underlying performance.

"While the macroeconomic and equity market backdrop is challenging and volatile, our partner-firms continue to be successful in fundraising and this is expected to support double-digit growth in management fee revenues, although performance fees and investment gains are expected to be lower than the prior year."

As of 0940 BST, Petershill shares were up 0.46% at 218.50p.





Reporting by Iain Gilbert at Sharecast.com

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PHLL Market Data

Currency UK Pounds
Share Price 267.00p
Change Today -2.50p
% Change -0.93 %
52 Week High 284.50p
52 Week Low 169.00p
Volume 197,630
Shares Issued 1,081.71m
Market Cap £2,888.16m
Beta 0.00

PHLL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.36% above the market average61.36% above the market average61.36% above the market average61.36% above the market average61.36% above the market average
47.17% above the sector average47.17% above the sector average47.17% above the sector average47.17% above the sector average47.17% above the sector average
Price Trend
88.57% above the market average88.57% above the market average88.57% above the market average88.57% above the market average88.57% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income
10.74% above the market average10.74% above the market average10.74% above the market average10.74% above the market average10.74% above the market average
30.16% below the sector average30.16% below the sector average30.16% below the sector average30.16% below the sector average30.16% below the sector average
Growth
47.46% below the market average47.46% below the market average47.46% below the market average47.46% below the market average47.46% below the market average
28.71% below the sector average28.71% below the sector average28.71% below the sector average28.71% below the sector average28.71% below the sector average

PHLL Dividends

  Latest Previous
  Special Interim
Ex-Div 21-Nov-24 26-Sep-24
Paid 20-Dec-24 31-Oct-24
Amount 17.50¢ 5.00¢

Trades for 14-Feb-2025

Time Volume / Share Price
16:35 113,819 @ 267.00p
16:35 403 @ 267.00p
16:35 1,327 @ 267.00p
16:35 1,986 @ 267.00p
16:35 272 @ 267.00p

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