Petershill Partners PLC (PHLL.L): GP Stakes at a Discount : Private capital firms are exceptional businesses, earning fees from locked-up capital with minimal investment of their own. Imagine partnering with top GPs and sharing in their profits; this is the opportunity PHLL presents.
March 24, 2024, 6:08 p.m.
Laurent-Perrier (LPE.PA): Uncorking Value in a Timeless Investment: Executive Summary At the time of writing, Laurent-Perrier trades at €119 per share, with a market cap of €704 million and an enterprise value of €908 million, factoring in 5.92 million outstanding shares and €204 million in net debt. FY22 earnings stand at €9.89 per share, and H1/23 reports €6.52 per share (versus €6.34 in H1/22). The FY22 PE ratio is 12x compared to its historical mean of 20x (going back to 2006). Comparatively
Jan. 10, 2024, 5:12 p.m.
Burford (NYSE: BUR): a quality compounder trading at liquidation value: Introduction There are two types of great businesses to own. Ones that require almost no capital and are able to distribute all of their profits, and others that need a lot of capital but earn high returns on it. Burford is the latter type. On a basic level, Burford funds legal claims based on their expected future value by deploying capital from their own balance sheet and private investment funds that they manage. They pay
Feb. 13, 2022, 7:15 p.m.
