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Apax Global Alpha Limited

Current Price 156.00p Bid 154.20p Ask 206.50p Change -3.11%
Last Updated: 20/09/2020 00:56. Prices delayed by at least 15 minutes.
Call 0113 243 6941 or search for your local office

Company Overview

Apax Global Alpha is a closed-ended investment company which aims to deliver an annualised total net asset value return of 12-15% across economic cycles, net of fees and expenses, and to pay an annualised dividend yield worth 5% of its net asset value each year. The bulk of its investments are in private equity and the remainder in so-called 'derived investments', including derived equity and debt. Derived Investments are derived from insights gained through Apax Partners' private equity activities. Just over half of the portfolio is invested in North America, followed by Europe (ex-UK) where close to a quarter of the investments are located. By sectors, the fund is most exposed to Technology and Telecommunications, followed by Services, Healthcare and Consumer.

Financial Highlights Year Ended 31/12/2019

Revenue
£20.85m
Operating Profit/Loss
£213.20m
Dividend yield (%)
5.80
Total dividend for year
€0.1086
Dividend cover
3.95
P/E Ratio
4.40

Key Personnel

Mr Tim J Breedon
Chairman
Mr Christopher Ambler
Non-Executive Director
Mr Michael Bane
Non-Executive Director
Mrs Sally Ann (Susie) Farnon
Non-Executive Director
Ms Stephanie Coxon
Non-Executive Director

Stock Details

EPIC
APAX
ISIN
GG00BWWYMV85
Shares in Issue
491.10m
Market cap
£766.12m

Analyst Views (1)

Strong Buy
 
100.00%
Buy
 
0%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
156.00p
Bid Price
154.20p
Ask Price
206.50p
Volume
886,180
Change Today
-5.00p
% Change Today
-3.11%
Open
160.00p
Previous Close
156.00p
Intraday High
161.00p
Intraday Low
156.00p
52 Week High
185.50p
52 Week Low
112.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Income Statement

Year End Date
31 Dec 2019
31 Dec 2018
 
€ (M)
€ (M)
Continuing Operations
Revenue
20.85
19.44
Operating Profit/Loss
213.20
67.94
Net Interest
-1.86
-2.73
Pre-Tax Profit
211.34
65.21
Profit After Tax from continuing operations
210.93
64.95
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
210.93
64.95
Attributable to:
Equity Holders of Parent Company
210.93
64.95
Minority Interests
n/a
n/a
Total Dividend Paid
€0.1086
€0.0956
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2019
31 Dec 2018
Basic
42.95¢
13.22¢
Diluted
42.66¢
13.22¢
Adjusted
42.95¢
13.22¢
Dividend per Share
€0.1086
€0.0956

Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
€ (M)
€ (M)
Non-Current Assets
Property, Plant & Equipment
1,108.48
912.05
Intangible Assets
n/a
n/a
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
2.27
3.58
Cash at Bank & In Hand
3.28
17.31
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
n/a
Other Assets
n/a
n/a
Total Assets
1,114.03
932.93

Liabilities

Year End Date
31 Dec 2019
31 Dec 2018
 
€ (M)
€ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
15.06
2.16
Total Current Liabilities
15.06
2.16
Non-Current Liabilities
Borrowings
n/a
n/a
Provisions
n/a
n/a
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
n/a
n/a
Other Liabilities
n/a
n/a
Total Liabilities
15.06
2.16

Net Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
€ (M)
€ (M)
Net Assets
1,098.97
930.77

Capital & Reserves

Year End Date
31 Dec 2019
31 Dec 2018
 
€ (M)
€ (M)
Share Capital
873.80
873.80
Share Premium Account
n/a
n/a
Other Reserves
6.89
n/a
Retained Earnings
218.27
56.97
Shareholders Funds
1,098.97
930.77
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,098.97
930.77

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
03 Sep 2020
25 Sep 2020
5.40¢
Final
12 Mar 2020
03 Apr 2020
5.59¢
Interim
22 Aug 2019
13 Sep 2019
5.27¢
Final
14 Mar 2019
05 Apr 2019
4.74¢
Interim
23 Aug 2018
14 Sep 2018
4.82¢
Final
15 Mar 2018
04 Apr 2018
4.73¢
Interim
24 Aug 2017
15 Sep 2017
4.69¢
Final
16 Mar 2017
04 Apr 2017
4.84¢
Interim
25 Aug 2016
14 Sep 2016
4.59¢
Final
17 Mar 2016
05 Apr 2016
4.76¢

Dividend Metrics

Year End Date
31 Dec 2019
31 Dec 2018
Dividend growth
13.60%
1.49%
Dividend yield
5.80%
6.50%
Dividend cover
3.95
1.38
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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