| What is Electra’s view of 2009? |  | |
| Where will Electra be investing in 2009? | | |
| Electra’s share price is low and there is still a discount. What are you doing to rectify this? | | |
| How will shareholder value be generated? | | |
| Can the Board of Electra utilise buybacks as a means of delivering value to shareholders? | | |
| Do you expect to see a further fall in NAV over the coming months? | | |
| What is the underlying gearing within the portfolio? | | |
| What is the underlying gearing within Electra? | | |
| Does Electra have sufficient liquidity to meet its commitments to funds? | | |
| What credit facilities does Electra have? | | |
| Has Electra been impacted by the fall in the value of sterling? | | |
| Electra has not paid a dividend since March 2008. Will Electra pay dividends in the future? | | |
| Has the credit crunch permanently damaged the private equity model? | | |
| Could swine flu affect the MPS business? | | |
| Has the demise of Deutsche Woolworth had any effect on your investment? | | |
| How are problems with credit insurers affecting you? | | |
| Why have you reduced your valuation of Vasanta by 95%? | | |
| What is your opinion of the new EU directive and how will it affect Electra? | | |
| Are you affected by the Walker Report/Financial Institutions Review - Lord Myners? | | |
| What is Electra’s Corporate Social Responsibility Policy? | | |
| How can I buy/sell my shares in Electra? | | |
| I am a current/potential investor resident in either the United States, Australia, Canada or Japan – can you send me information or documentation regarding Electra? | | |
| Can Electra’s shares be put into an ISA? | | |
| I have changed my address – how do I notify the Registrar? | | |
FAQ
What is Electra’s view of 2009?
Electra is well positioned to withstand the recessionary consequences of the credit crisis and subsequent decline in stock markets with adequate cash resources to meet its future commitments and to support and build the portfolio.Throughout the 2008 calendar year, the underlying trading of the majority of portfolio companies remained above the prior year. In the first three months of 2009 however, the trading performance of a number of these companies has been behind budget as the operating environment becomes increasingly difficult.
Against this background a key part of the strategy going forward is to protect the existing portfolio and ensure that portfolio companies protect their cash resources. At Electra Partners we have a management team which has considerable experience in managing private equity portfolios through a number of economic cycles.
Electra continues to maintain a cautious approach to new investment in view of the unstable economic conditions.