Pantheon Infrastructure (PINT)

Sector:

Investment Firms

Index:

FTSE Small Cap

 79.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 93.00
  • 52 Week Low: 74.00
  • Currency: UK Pounds
  • Shares Issued: 469.55m
  • Volume: 16,174
  • Market Cap: £370.94m

Pantheon reports good NAV growth in March

By Josh White

Date: Friday 22 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Pantheon International updated the market on its performance on Friday, reporting an unaudited net asset value of 434.2p per share as at 31 March - up 16.6p, or 4%, from 28 February.
The FTSE 250 private equity investor said that in March, valuation gains were 12.8p, investment income added 0.3p, foreign exchange movements were a positive 0.9p and share buybacks added 3.2p, while expenses and taxes took away 0.6p.

Its board said its valuation policy for private equity funds was based on the latest valuations reported by fund managers, and in the case of its 31 March valuation, 14% were dated 31 March, 78% were dated 31 December and 8% were dated 30 September.

Of the 14% of valuations dated 31 March 2022, 12% reflected the mark-to-market fair value adjustment for Pantheon's listed company holdings.

As at 31 March, Pantheon said its private equity assets stood at £2.14bn, while net available cash balances totalled £236m.

The asset-linked note outstanding as at 31 March amounted to £51m.

Undrawn commitments to investments stood at £699m at the end of March, calculated using exchange rates at that date.

Pantheon said its multi-currency revolving credit facilities comprised a $269.8m facility and a €101.6m facility, which remained undrawn at the end of the month.

The company said it made £73.7m of new commitments during the month to three primaries of £49.7m, five co-investments of £18.3m, and one secondary of £5.7m.

"This included a £17.8m primary commitment to Apax Global Impact Fund I, a global buyout fund focused on sustainable investing; an £8.8m co-investment alongside Sentinel Capital Partners in TriMech, a provider of 3D design software based in the US; [and] a £2.1m co-investment alongside Verdane Capital in Papirfly, a provider of brand activation management software in Norway," the company said.

It also invested £1.3m in share buybacks during the period, acquiring 439,690 shares at a weighted average price of 296.9p per share.

"This price represented a discount of 29% to the prevailing net asset value per share at the time of the transactions."

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PINT Market Data

Currency UK Pounds
Share Price 79.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 93.00
52 Week Low 74.00
Volume 16,174
Shares Issued 469.55m
Market Cap £370.94m

PINT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.92% above the market average19.92% above the market average19.92% above the market average19.92% above the market average19.92% above the market average
28.62% above the sector average28.62% above the sector average28.62% above the sector average28.62% above the sector average28.62% above the sector average
Price Trend
2.10% above the market average2.10% above the market average2.10% above the market average2.10% above the market average2.10% above the market average
30.36% below the sector average30.36% below the sector average30.36% below the sector average30.36% below the sector average30.36% below the sector average
Income
88.28% below the market average88.28% below the market average88.28% below the market average88.28% below the market average88.28% below the market average
98.24% below the sector average98.24% below the sector average98.24% below the sector average98.24% below the sector average98.24% below the sector average
Growth Not Available

PINT Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 05-Oct-23 09-Mar-23
Paid 27-Oct-23 31-Mar-23
Amount 2.00p 1.00p

Trades for 04-Mar-2024

Time Volume / Share Price
10:38 3,107 @ 80.45p
10:15 1 @ 79.36p
10:05 3,900 @ 79.35p
09:29 120 @ 79.35p
09:26 6,188 @ 79.34p

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