Petershill Partners PLC

Petershill Partners PLC (LON: PHLL) is an FTSE 250 listed investment company specializing in alternative investments.

H1 FY23 Results (Released on 05 September 2023)

• Financial Performance: The company reported a lower total income of USD 138 mn for H1 FY23 as compared to USD 171 mn in pcp, whereas the Adjusted Profit After Tax dipped to USD 68 mn in the reported period (H1 FY23) versus USD 135 mn in H1 FY22. Further, the partner Distribution Earnings also slipped to USD 125 mn in the H1 FY23 against USD 169 mn in pcp, on account of slow macroeconomic conditions.
• Asset Under Management: The Aggregate Partner- firm AUM improved by 13% to USD 300 bn and Aggregate Fee Paying AUM improved by 7% to USD 196 bn in H1 FY23. Also, the gross fee-eligible assets stood at USD 28 bn in H1 FY23.
• Dividend Declaration: The management announced an interim dividend of US 4.9 cents per share, which will be paid on 27 October 2023.
• Outlook: The management is optimistic and expects the AUM to be between USD 20 bn and USD 25 bn (eligible for organic fee), whereas the Partner FRE is revised down to USD 190 mn – USD 210 mn from the previous guidance of USD 220 mn and USD 250 mn, in FY23. The group is striving to achieve an Adjusted EBIT margin of approx. 85% - 90% in FY23.  

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Petershill Partners PLC (LON: PHLL) was trading at the current market price of GBX 150.80 (as of 13 September 2023, 10:22 AM GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 13 September 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

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