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Petershill Partners PLC - investment vehicle managed by Goldman Sachs Asset Management that invests in alternative asset managers - Posts pretax loss in its first interim results since its initial public offering on London Main Market on September 28 last year. Pretax loss in the half year that ended June 30 is $420.1 million. Income totals $179.3 million, but movement in financial assets and liability held at fair value is negative $612.5 million. Expenses amount to $26.1 million.
‘We believe some of the partner-realised performance revenues previously expected this year are likely to be delayed into 2023 and that partner-realised performance revenue will therefore comprise 15% to 20% of our total revenues for the full year of 2022. However, our medium-term guidance of 20% to 30% in future years remains unchanged,’ Petershill says.
Declares 3.5 US cents per share interim dividend, saying it will return $120 million to shareholders in 2022.
Current stock price: 218.50 pence, up 0.5% on Thursday
12-month change: down 38%
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