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RCP Rit Capital Partners Plc

1,764.00
-18.00 (-1.01%)
Last Updated: 15:11:37
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Rit Capital Partners Plc RCP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-18.00 -1.01% 1,764.00 15:11:37
Open Price Low Price High Price Close Price Previous Close
1,784.00 1,762.00 1,784.00 1,782.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Rit Capital Partners RCP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
05/03/2024InterimGBP0.19504/04/202405/04/202426/04/2024
28/02/2023FinalGBP0.1905/10/202306/10/202327/10/2023
28/02/2023InterimGBP0.1906/04/202311/04/202328/04/2023
01/03/2022FinalGBP0.18506/10/202207/10/202228/10/2022
01/03/2022InterimGBP0.18531/03/202201/04/202229/04/2022
02/03/2021FinalGBP0.1762530/09/202101/10/202129/10/2021
02/03/2021InterimGBP0.1762501/04/202106/04/202130/04/2021
03/03/2020InterimGBP0.17501/10/202002/10/202030/10/2020
03/03/2020InterimGBP0.17502/04/202003/04/202030/04/2020
05/03/2019InterimGBP0.1703/10/201904/10/201931/10/2019
05/03/2019InterimGBP0.1704/04/201905/04/201930/04/2019

Top Dividend Posts

Top Posts
Posted at 24/12/2023 09:54 by mancman1
SMT which has I think a similarly high ratio of private equity has seen its discount narrow significantly over recent months. RCP looks very cheap at this discount.
Posted at 15/12/2023 15:14 by riverman77
The fact is CLDN is still on a wider discount than RCP despite being a much better trust in my opinion. RCP only looks attractive versus its historic discount, but compared to other trusts doesn't look out of the ordinary.

RCP used to be viewed as a kind of bullet proof portfolio that would withstand all environments - it held up well in the GFC and other bear markets. For that reason it was held in high regard by private investors and wealth managers, and traded on a premium for a long time. I think we can say that reputation has been lost and not sure it will ever go back to its earlier lofty rating.
Posted at 15/12/2023 07:51 by dickiehh
Thanks Essential. I guess I was wondering about current views. Other similar trusts like eg. Caledonian have seen some re-ratings, even SMT is up 15 percent or so. But RCP still languishing?
Posted at 07/11/2023 17:24 by f56
RCP NAV has dropped 14% from it’s peak NAV.

RCP discount has simultaneously moved from +10% to -25%.
Posted at 23/5/2023 18:25 by f56
RCP now 31% off peak value; would have Rothschild turning in his grave.
Posted at 19/4/2023 10:13 by riverman77
Decent NAV and portfolio udpate. Never been a huge fan of RCP but think this offer good value at current discount. Pleased that they are now providing a lot more detail about their portfolio (used to be a complete back box, with no idea what they were actually invested in). Good to see some of the private assets being realised above book value, which should hopefully reassure investor concerns about thst part of the portfolio.
Posted at 06/4/2023 11:37 by 1nf3rn0
I like CLDN too, and it has tended to track quite closely to RCP over the last decade. CLDN has historically traded around a 20 to 25% discount, so whilst it has widened, RCP has underperformed by some way over the last 6 months.
Posted at 28/3/2023 15:41 by riverman77
The other way of looking at it is that some of the PE funds are on 50% discounts (eg Havrbourvest, Pantheon, etc) . If you apply the same discount to RCP's 40% private exposure, and perhaps a 10% discount to the rest (roughly in line with the average discount on equity investment trusts) then the discount probably isn't far out of line with the rest of the IT market. And remember something like CLDN is on an even bigger discount, but with a better portfolio in my view. So wouldn't automatically assume RCP is a huge bargain compared to what else is out there.
Posted at 15/3/2023 16:39 by f56
OK I agree with you. But March 2000 RCPs unquoted portfolio was approx 17%. As far as I know it was fully directly invested. So RCP knew exactly what they were invested in. In addition they walked through the dot com bubble as if it hadn’t happened. I assume they had no risky exposure to internet stocks.
Posted at 20/2/2023 17:28 by mancman1
Some figures for discounts on investment trusts that I know that have substantial private equity holdings:

APEO -36.77% RCP - 17% SMT - 14.67% TFGS -67.13 ICGT -38.68.

Figures are from Hargreaves Lansdown's closing prices. SMT and RCP of course have less
exposure than the others, but the market is naturally very cautious about it.

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