Apax Global Alpha Limited (APAX)

Sector:

Investment Firms

Index:

FTSE 250

154.00p
   
  • Change Today:
    -0.60p
  • 52 Week High: 186.60
  • 52 Week Low: 149.00
  • Currency: UK Pounds
  • Shares Issued: 491.10m
  • Volume: 142,010
  • Market Cap: £756.30m
  • RiskGrade: 195

Apax Global Alpha reassures over exposure to Silicon Valley Bank

By Josh White

Date: Monday 13 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Apax Global Alpha updated the market on its exposure to the failed Silicon Valley Bank (SVB) on Monday.
The FTSE 250 company said exposure to SVB across the Apax funds, and the Apax funds' portfolio companies, appeared to be "limited".

It said a review of the possible exposure to SVB was still ongoing, but the review did not identify any portfolio company that had funded debt or revolvers placed with SVB.

The review identified a small number of portfolio companies that had bank accounts at SVB, with the majority of those accounts only holding a very limited amount of cash.

"There is also no exposure to SVB at the level of the Apax Funds," the board said in its statement.

"A further update will be provided should anything meaningful change in relation to the portfolio companies' exposure to SVB."

At 0838 GMT, shares in Apax Global Alpha were up 1.76% at 173p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

APAX Market Data

Currency UK Pounds
Share Price 154.00p
Change Today -0.60p
% Change -0.39 %
52 Week High 186.60
52 Week Low 149.00
Volume 142,010
Shares Issued 491.10m
Market Cap £756.30m
RiskGrade 195

APAX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.95% above the market average81.95% above the market average81.95% above the market average81.95% above the market average81.95% above the market average
55.70% above the sector average55.70% above the sector average55.70% above the sector average55.70% above the sector average55.70% above the sector average
Price Trend
22.5% below the market average22.5% below the market average22.5% below the market average22.5% below the market average22.5% below the market average
58.46% below the sector average58.46% below the sector average58.46% below the sector average58.46% below the sector average58.46% below the sector average
Income
72.14% above the market average72.14% above the market average72.14% above the market average72.14% above the market average72.14% above the market average
41.23% above the sector average41.23% above the sector average41.23% above the sector average41.23% above the sector average41.23% above the sector average
Growth
4.35% above the market average4.35% above the market average4.35% above the market average4.35% above the market average4.35% above the market average
15.69% above the sector average15.69% above the sector average15.69% above the sector average15.69% above the sector average15.69% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

APAX Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Sep-23 09-Mar-23
Paid 03-Oct-23 03-Apr-23
Amount 5.70p 5.82p

Trades for 23-Feb-2024

Time Volume / Share Price
16:35 43,963 @ 154.00p
16:35 5,124 @ 154.00p
16:35 2,788 @ 154.00p
16:35 2,406 @ 154.00p
16:35 2,472 @ 154.00p

APAX Key Personnel

Chair Tim J Breedon

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