Polar Capital Global Fin... Share Discussion Threads

[peterbill] 18/2/2024 16:08

“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

[peterbill] 16/2/2024 11:26

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

[soho2] 16/2/2024 11:07

When do we go ex-div ?

[peterbill] 15/2/2024 16:16

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

[melloteam] 15/9/2023 14:10

*FREE EVENT*
Just to let shareholders and prospective investors know that
Mello Events are hosting a free Investment Trusts and Funds event on Tuesday 26th September 2023.

The event will feature the following:
Emma Bird, Head of Investment Trust Research at Winterflood Securities, presents ‘Investment Trusts in a Higher Interest Rate World’

Presentations from Georgina Brittain, portfolio manager of JPMorgan UK Smaller Companies (JMI); Impax Environmental Markets plc; George Barrow presents Polar Capital Global Financials Trust; and Ocean Dial and the India Capital Growth Fund

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

To register for FREE, click here:

For more information, click here:

[soho2] 04/4/2023 10:54

They don't seem to recover very fast tho ...

[peckers56] 30/3/2023 15:13

Attended today's AGM. Inv Mgrs confirmed they did not hold Credit Suisse nor SVG.

[soho2] 02/2/2023 12:15

X-Div will be tomorrow ...

[soho2] 27/4/2022 15:22

Why sudden drop??

[woodyjmw] 26/3/2022 00:49

Fed tightening policy appears to remain intact, low unemployment and high inflation, should support banks.

[soho2] 08/3/2022 15:04

Director buying !

[peterbill] 07/3/2022 12:42

Who know where this will go along with a lot of other shares in my portfolio.

I think peace talks have to be on the agenda before any halt in the downward trend of this and other financials.

[spectoacc] 07/3/2022 12:09

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.

[spectoacc] 04/3/2022 10:24

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).

[dil 21] 18/1/2022 13:12

Nice chart.

[melloteam] 10/1/2022 22:05

Mello Events is hosting a FREE Trusts and Funds event at 2pm on Tuesday 18th January.

The programme is as follows:
Welcome and introduction to your co-host, Karin Schulte
2.00 pm Andrew Hollingworth presents his approach to investing in Investment Trusts and Funds
2.20 pm Company presentation by Impax AM
2.50 pm Reg Hoare outlines his criteria for selecting Investment Trusts and Funds
3.10 pm Company presentation by Augmentum Fintech
3.40 pm VectorVest – introducing their safe and consistent portfolio growth model (Full session the following day Wednesday 12 noon)
4.00 pm MoneyMakers Jonathan Davis and Simon Elliott present the latest Investment Trust News
4.20 pm Company presentation by Polar Capital Global Financials Trust plc – Global Financials: impact of rising interest rates and economic recovery
4.50 pm Investment Trusts and Funds Panel, including Reg Hoare, Andrew Hollingworth, Paul de Gruchy, hosted by Karin Schulte

To register for FREE click here:

[woodyjmw] 04/1/2022 23:04

Recommended on Trustnet:

[soho2] 04/1/2022 08:33

Shares will trade ex-Div in 2 days time... they may go up until then...

[melloteam] 03/12/2021 10:01

Mello Events is hosting a FREE Trusts and Funds event at 2pm on Tuesday 18th January.

The programme is as follows:
Welcome and introduction to your co-host, Karin Schulte
2.00 pm Andrew Hollingworth presents his approach to investing in Investment Trusts and Funds
2.20 pm Company presentation by Impax AM
2.50 pm Reg Hoare outlines his criteria for selecting Investment Trusts and Funds
3.10 pm Company presentation by Augmentum Fintech
3.40 pm VectorVest – introducing their safe and consistent portfolio growth model (Full session the following day Wednesday 12 noon)
4.00 pm MoneyMakers Jonathan Davis and Simon Elliott present the latest Investment Trust News
4.20 pm Company presentation by Polar Capital Global Financials Trust plc – Global Financials: impact of rising interest rates and economic recovery
4.50 pm Investment Trusts and Funds Panel, including Reg Hoare, Andrew Hollingworth, Paul de Gruchy, hosted by Karin Schulte

To register for FREE click here:

[peterbill] 20/11/2021 14:01

Think it may be around end of November ... divi announced mid to late Jan ... The website says that the last results were out 30th Nov 20.

www.polarcapitalglobalfinancialstrust.com/Key-Information/#/Overview

[soho2] 18/11/2021 17:32

Any idea when they will be reporting their financial results?

[zzaxx99] 17/8/2021 17:47

Just heard from AJ Bell - "we have received the new shares from our custodian... are currently reconciling... the shares are due to be credited to your account late this weekearly next week"