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PCFT Polar Capital Global Financials Trust Plc

164.20
1.00 (0.61%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Polar Capital Global Financials Trust Plc LSE:PCFT London Ordinary Share GB00B9XQT119 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 0.61% 164.20 1,263,101 16:35:05
Bid Price Offer Price High Price Low Price Open Price
163.80 164.60 165.00 162.60 162.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec -5.72M -15.53M -0.0487 -33.76 524.5M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:55:34 O 472 164.208 GBX

Polar Capital Global Fin... (PCFT) Latest News (1)

Polar Capital Global Fin... (PCFT) Discussions and Chat

Polar Capital Global Fin... Forums and Chat

Date Time Title Posts
18/2/202416:08Polar Capital Global Financials Trust PLC - a new financials investment trust103

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Polar Capital Global Fin... (PCFT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:55:34164.21472775.06O
16:48:08163.8050,00081,900.00O
16:48:08163.8050,00081,900.00O
16:38:11163.6025,00040,900.00O
16:36:43163.8050,00081,900.00O

Polar Capital Global Fin... (PCFT) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by Polar Capital Global Fin... Daily Update
Polar Capital Global Financials Trust Plc is listed in the Investors, Nec sector of the London Stock Exchange with ticker PCFT. The last closing price for Polar Capital Global Fin... was 163.20p.
Polar Capital Global Fin... currently has 319,038,000 shares in issue. The market capitalisation of Polar Capital Global Fin... is £524,498,472.
Polar Capital Global Fin... has a price to earnings ratio (PE ratio) of -33.76.
This morning PCFT shares opened at 162.60p
Posted at 18/2/2024 16:08 by peterbill
“First, whether earnings will drop as sharply across the UK’s Big Five as they did America’s Big Four at the end of 2023 (where combined net income fell 41% year-on-year in the fourth quarter). Second, whether this sets a trend that will mean lower earnings in 2024. And finally, whether the loss of profit momentum means the big lenders deserve to be so cheap on an earnings, asset and yield basis.

“And this matters because, on paper, the banks do look cheap. They all trade on multiples of forward earnings for 2024 that represent a discount of 50% or more to the FTSE 100. They all trade on a discount to historic tangible net asset (or book) value per share. And they all offer a dividend yield for 2024 that matches or exceeds that available from the FTSE 100, according to consensus analysts’ forecasts.

2024E Q3 2023 2024E 2024E P/E Price/book Divi yield Dividend coverHSBC 5.3 x 0.93 x 10.9% 1.72 xLloyds 6.3 x 0.88 x 7.3% 2.19 xNatWest 5.5 x 0.77 x 7.8% 2.35 xStan Chart 4.7 x 0.57 x 4.2% 5.13 xBarclays 4.8 x 0.45 x 6.7% 3.13 x



... more on UK FTSE 100 banks in article
Posted at 16/2/2024 11:26 by peterbill
EPIC Dividend Declaration Date Ex-Dividend Payment DatePCFT 2.1p 18-Jan-24 01-Feb-24 29-Feb-24PCFT 2.45p 11-Jul-23 03-Aug-23 31-Aug-23PCFT 2.05p 18-Jan-23 02-Feb-23 28-Feb-23PCFT 2.4p 01-Jul-22 04-Aug-22 31-Aug-22
Posted at 15/2/2024 16:16 by peterbill
Another free event ... Tuesday 12 March 202418.20 Polar Capital Global Financials Trust Nick Brind, Fund Manager - Polar Capital Global Financials Trust (PCFT)


Need to register
Posted at 07/3/2022 12:09 by spectoacc
Bought PCFT for the first time today.

Seeing a lot of funds I like, but having great difficulty working out latest NAVs, with the markets so fast. What can look cheap can turn out to be trading at a premium.

Expect to add to it on further falls.
Posted at 04/3/2022 10:24 by spectoacc
Not quite so nice now.

Got a list of targets (bit like the Russian kill list, only without death and lies), but struggling to see how relevant it is now the world has changed. Things like JMAT, PCFT, MNG, LGEN.

Have bought none of them so far (other than a residual JMAT holding).
Posted at 11/8/2021 11:00 by zzaxx99
Conversion rate has been announced

"On the basis of the Conversion Ratio, a holder of 1,000 C Shares will receive 627 new Ordinary Shares upon Conversion"



Should convert on Friday 13th

Makes the effective purchase price of PCFT as £1.59, which isn't much of a bargain.
Posted at 29/6/2021 20:37 by mach100
August the 5th is the conversion date, the day aftet they go x divi. Price of C shares should move up as we approach conversion if PCFT hold up of course.
Posted at 22/5/2021 14:33 by graysland1
Am I missing something here because I cant see this as being of any real benefit to us retail investors. Firstly in the RNS 3060Y announcement of 12th May "PCFT doc re Issue of C shares under 3.Benefits of Proposal it says "The issue of C shares will not be dilutive on the NAV of ordinary shares. So the position and value of our existing holdings should not change?
Secondly the prospectus states p37 that the initial expected NAV for the C shares will be 98.5p. Elsewhere it says these C share funds and assets acquired from these proceeds will be accounted for and managed separately until the conversion date. These are then converted by reference to their relative NAVS. In an attempt to simply the Conversion Formula can we for purpose of illustration say if the NAVS of the C shares and the Ordinary shares do not change we will simply get 98.5/1.65 about .6 of a newly converted ordinary share. We are starting here at 1.5% loss but will the 2 NAVs really move in sync. The ordinary shares are already fully in the market. If the market continues to move up the as yet un-invested proceeds of the C shares proceeds at least in part seem unlikely to match the ordinary shares NAV at conversion. So we may get even less than .6 at conversion?
Dont forget that we would also be foregoing half or more of the years dividend thats another 1.3% lost. But lastly with up to 500 million news shares in prospect to be issued will the shares soon fall to a discount anyway perhaps more than the average of last year of 5%. With all these issues and unknowns why not buy more shares if you want them at your own timing and control after all many think a correction in markets especially in the U.S may be due .
Posted at 22/5/2021 02:01 by peterbill
The Ordinary Shares are registered with ISIN GB00B9XQT119, and the Ordinary Shares are traded under the ticker symbol PCFT.

The Issue Shares are registered with ISIN GB00BNG2HN26, and the Issue Shares will be traded under the ticker symbol PCFC.

Each class of C Shares issued pursuant to a Subsequent Placing made throughout the Placing Programme will have separate ISINs and ticker symbols issued.

The announcement of each issue of C Shares will contain details of the relevant ISIN and ticker symbol for such class of C Shares being issued.
Posted at 12/5/2021 17:48 by peterbill
Polar Capital Global Financials has announced details of an open offer. Your account will be credited with a number of entitlements which can be exercised at a fixed price, with no dealing charges, to receive additional shares in the company.

Your account will be credited with 1 basic entitlement share for every ordinary share you hold as of the ex-entitlement date, 12 May 2021. These entitlement shares are expected to be credited to your account on or around 14 May 2021 and this will form your basic entitlement, which will not be subject to scaling back.

You will also be credited with excess entitlement shares which will allow you to apply for shares in excess of your basic entitlement, but excess applications are subject to scaling back.

Each entitlement share can be exercised at a price of GBP1.00 in order for you to receive 1 new ordinary C share.

To view the announcement in full, please copy and paste the following link into your web browser:
Polar Capital Global Fin... share price data is direct from the London Stock Exchange

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