JZ Capital Partners Ltd (JZCP)

Sector:

Investment Firms

206.67p
   
  • Change Today:
      4.67p
  • 52 Week High: 220.00
  • 52 Week Low: 187.00
  • Currency: UK Pounds
  • Shares Issued: 67.67m
  • Volume: 0
  • Market Cap: £139.86m
  • Beta: 0.00

JZ Capital Partners NAV falls after large realisations

By Josh White

Date: Wednesday 27 Jun 2018

LONDON (ShareCast) - (Sharecast News) - JZ Capital Partners released its interim management statement for the period 1 March to 31 May on Wednesday, reporting a net asset value of $819.2m, down from $837.6m at the start of the period.
The London-listed specialist fund said its net asset value per share ended the period at $9.78 - a decrease of 2.0% for the quarter.

A total of $84.1m was invested during the period, including $10m in a new flexible packaging vertical, through the acquisitions of Phoenix Converting and Valley Packaging Supply; $9.1m in the testing services vertical; $15.1m in the ISS vertical; and $4.3m in K2 Towers II.

JZ said it made $20.4m in follow-on real estate investments in its Williamsburg, Greenpoint, Fulton, Design District and Wynwood assemblages.

A total of $124.1m was realised in the period, including $105.7m from the sale of Bolder Healthcare Solutions, where a further $4.2m in proceeds was expected; and $15.7m from Paragon Water Systems, where a further.$0.5m in proceeds was expected.

It said $1.3m was used to buy back a total of 188,685 shares, with a further $4.1m used to buy back an additional 636,489 shares, post-period end.

At the end of the period, the board said its portfolio consisted of 38 micro-cap investments across nine industries and five major real estate 'assemblages', for 59 total properties, located in New York and South Florida.

"We made good progress with our realisation program at or above net asset value during the period," said JZ Capital Partners founder and investment adviser David Zalaznick.

"The uplifts were again offset by pre-development and carrying costs in our real estate portfolio but we expect these will decline going forward when we take in outside investors into the development projects.

"The acceleration of our buyback programme further underlines the board's confidence in the future prospects of the company."

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JZCP Market Data

Currency UK Pounds
Share Price 206.67p
Change Today 4.67p
% Change 2.31 %
52 Week High 220.00
52 Week Low 187.00
Volume 0
Shares Issued 67.67m
Market Cap £139.86m
Beta 0.00

JZCP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.10% above the market average40.10% above the market average40.10% above the market average40.10% above the market average40.10% above the market average
46.04% above the sector average46.04% above the sector average46.04% above the sector average46.04% above the sector average46.04% above the sector average
Price Trend
33.33% above the market average33.33% above the market average33.33% above the market average33.33% above the market average33.33% above the market average
22.37% above the sector average22.37% above the sector average22.37% above the sector average22.37% above the sector average22.37% above the sector average
Income Not Available
Growth
98.27% below the market average98.27% below the market average98.27% below the market average98.27% below the market average98.27% below the market average
97.1% below the sector average97.1% below the sector average97.1% below the sector average97.1% below the sector average97.1% below the sector average

JZCP Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 03-Nov-16
Paid n/a 25-Nov-16
Amount 0.000¢ 15.50¢

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

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