By Alexander Bueso
Date: Friday 25 Apr 2025
(Sharecast News) - Analysts at Pantheon International reported just a dip in the business's net asset value during the month of March.
However, in light of the share price's discount to their net asset value, management said: "The Board of PIP recognises that the discount on PIP's shares continues to be wide and this has been further exacerbated by market volatility."
The private equity investor also reiterated its confidence in the valuations reported by its underlying private equity managers, as well as the quality of its underlying portfolio.
Hence its recent decision to repurchase another £35.0m of its own shares by 31 May 2025, for a total buyback allocation for the financial year-to-date of £50.0m.
The company's net asset value per share ended the month of March at 501.2p, or £2.3bn in total, for a 0.5% decline versus February.
That compared to a market capitalisation of approximately £1.4bn.
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