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Electra Private Equity

LN: ELTA

£192.8m market cap

503.5p last close

Electra Private Equity’s investment objective is to follow a realisation strategy, which aims to crystallise value for shareholders through balancing the timing of returning cash to shareholders with maximisation of value.

Investment summary

On 15 April, Electra Private Equity (ELTA) announced the disposal of Sentinel – one of the company’s three remaining operating businesses – for £22.2m (58.1p per share), £11.3m higher than the asset’s carrying value on the balance sheet as at 30 September 2021. ELTA has been following a realisation strategy since October 2016, when it had a market cap of c £1.7bn, and has since returned c £2bn to shareholders. Since our 16 December 2020 initiation note, the shares have appreciated from a 22% discount to NAV to currently trading at a 4.1% premium.

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Share price graph
Price performance
%
1m
3m
12m
Actual 36.6 60.4 201.5
Relative* 34.8 51.0 149.2
52-week high/low 515.0p/170.5p
*% relative to local index
Key management
Gavin Manson Chief financial and operating officer
Neil Johnson Executive Chairman

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