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Apollo Global Management, LLC Message Board

iamasimpleguy6180 5 posts  |  Last Activity: May 20, 2014 7:51 AM Member since: Jan 30, 2013
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  • Reply to

    Apo

    by dloeffler92264 May 19, 2014 11:55 AM
    iamasimpleguy6180 iamasimpleguy6180 May 20, 2014 7:51 AM Flag

    Its going through a period of consolidation. They are developing a solid track record on dividend pay-outs so I am adding at these levels. There has been some selling pressure driven I think by executives who have left the firm. Don't think its dead money. It can run right back into the 30's by year end. I view this stock as a core part of my portfolio. I have owned it since it went public and have been handsomely rewarded.

    Sentiment: Buy

  • iamasimpleguy6180 by iamasimpleguy6180 May 8, 2014 1:11 PM Flag

    Leon Black spoke for the first time and was joined by Josh Harris. They described a very robust, multi-faceted alternative management investment platform that should grow well into the future. I recommend you listen to it, especially the piece about Athene which is one of their key strategic initiatives. If I heard them right, they are only managing/sub-advising 17% of the 100bn? Athene platform. So there is significant growth to come from this entity, excluding the eventual IPO of it could pay-off handsomely. Don't forget that they also have an interesting mix of other companies (Sprouts, Hostess, to name two) to fuel future realizations. A few analysts recently commented that APO is 50% undervalued. From what I heard on this call, they may be right.

    Sentiment: Buy

  • Apollo declares a distribution of $0.84 per Class A share for the first quarter of 2014
    • Total economic net income (“ENI”) after taxes of $219 million for the first quarter ended March 31, 2014, compared to $764 million for the comparable period in 2013
    • ENI after taxes per share of $0.55 for the first quarter ended March 31, 2014, compared to $1.95 per share for the comparable period in 2013
    • Total assets under management (“AUM”) of $159.3 billion as of March 31, 2014, compared to $114.3 billion as of March 31, 2013
    • U.S. GAAP net income attributable to Apollo Global Management, LLC of $72 million for the first quarter ended March 31, 2014, compared to $249 million for the same period in 2013
    • Apollo returned $4.4 billion and $23.6 billion of capital and realized profits to limited partner investors during the first quarter and last twelve months ended March 31, 2014, respectively

    Sentiment: Buy

  • iamasimpleguy6180 by iamasimpleguy6180 May 4, 2014 10:47 PM Flag

    I saw an article that disclosed that APO would pay-out incentive compensation in APO stock with a 3-year vest to eligible investment professionals who earn a share of realized incentive fees that APO generates from this new fund. This is noteworthy because if you assume a 2.5x multiple on invested capital on Fund 7, a 17.5% incentive fee and a 40% pay-out rate to the investment professionals, this move could increase distributable net income by roughly 1bn over the next 7 years. Shareholders would pick up this amount in dividends (after dilution for the shares issued to pay the incentives. In the past, they paid these amounts out in cash so distributable net income would be lower historically than what it will be on this fund prospectively. Unless this somewhat novel approach to compensation creates turnover, it is a shareholder friendly move that should increase their $.15 stated quarterly dividend.

    Sentiment: Buy

  • Reply to

    Apollo:Blackstones Earnings Oveview

    by iamasimpleguy6180 Apr 22, 2014 8:09 AM
    iamasimpleguy6180 iamasimpleguy6180 Apr 24, 2014 3:36 PM Flag

    The markets don't understand these stocks which creates buying opportunities for investors. If you are a trader then you should worry a bit about the volatility. If you are an investor keep adding to positions at these levels. Q1 DNI will be somewhere between .66-.76. Not a bad yield on the stock. If you look at the companies they have in the pipeline and assume they sell them over the next 24-36 months, I project a regular annual dividend over this time frame of between $3-$4 per share. Not bad if you buy at $29.

    Sentiment: Buy

APO
27.360.00(0.00%)1:29 PMEDT

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