|RIT Capital Partners
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
RIT Capital Partners Share Discussion Threads
Showing 451 to 471 of 475 messages
|Why not? I would and have in the past|
|buy in at current 7.5% premium ? nah|
|Stifel says sell: the premium is the only reason:
Alternatively, we don't all trade in-out our holdings all the time.|
|H1 results brief comment from FT:
Lord Rothschild is pulling in his horns. The veteran investor has reduced the equities exposure of RIT Capital Partners, his family’s £2.5bn London-quoted vehicle, from 55 to 44 per cent. He has cut sterling-denominated positions to 25 per cent and raised outlay on gold and precious metals to 8 per cent.
Lord R underpins these moves at RIT, described in half-year results this morning, with bearish comments on monetary policy, which he calls “the greatest experiment…in the history of the world”. He estimates 30 per cent of global government debt is at negative yields, a situation whose unintended consequences are impossible to predict. RIT has raised net asset value by 3.6 per cent to £16.13 per share over the period and is paying a dividend 1p higher at 31p.|
|Well I am out at the moment,
Buy back one day when others don't want it.|
|surely not a buy at the current premium?|
|thank goodness that nonsence is over with.|
|I think it sort of fits with RCPs marginal gains at low risk approach. If we can pick up ATST at close to 10% discount using paper at par then it adds value at almost zero risk. But as you say there's a risk it gets arbitraged out before it happens. Although I would expect Rothschild to walk away if it does.|
|The idea was surely to pay about 85p for 100p of ATST's assets thanks to the discount combined with a premium on RCP's paper. But won't a lot of that be arbitraged away? Plus the costs of merger. Plus ATST is loaded with global large-cap tracker stuff which will be a drag on RCP's alpha.
As a new shareholder of RCP (and an ex-ATST one) I'm not all that enthusiastic!|
|Merger between RCP and Alliance Trust mooted by Jacob Rothschild:
|I quote from latest report.
Any investor should take time to read it.
There's an old saying that in difficult times the return of capital takes precedence over the return on capital. Our principle will therefore be to exercise caution in all things in the current year, while remaining agile where opportunities present themselves. Problems have a habit of creating opportunities and I remain confident of our ability to identify and profit from them during 2016.|
|Another 40p down end jan,
Now about 1520p, I guess?|
|We are moving nearer to fair value.|
|Yeah, I've not sold any PNL shares because that trust seems nowhere near as popular right now.
Impossible to predict the precise top when you decide to sell out of a good performer, but if you get within 10% of it then I reckon Lady Luck has served you well. ;)|
I do agree, sold 70% or o just over £16 then watched it go up another
50p, now I feel a little better, however no rush to buy,
I liked pnl better at the moment.|
|I sold most of my holding in RCP over the Christmas period because I didn't like the way it acted during last August's mini-crash in the wider markets. I've also lost count of the number of times I've seen it tipped on sites such as Trustnet and in newspapers over the last few years. I'm of the belief - possibly mistaken - that there is a lot of recent retail money in this trust that is only used to seeing its shareprice go up and could therefore panic out easily.
If I'm right, I intend to buy back in on a discount to NAV later this year. I still hold some and it was a real wrench to sell out of such a solid trust. So far, it has proved to be a good decision, but its early days yet. I'm sure the NAV will do just fine in a bear market anyway. I'm looking forward to the annual report to see how they've positioned themselves...|
|So asset value pushes on up last month.
Shares trade 70p or o above asset,|
|The more volatile market conditions should suit RIT.|
Just looking through the charts of my holdings this AM and this one is the winner of "Best Boing"|
|Somebody that knows more than me must
think these still reasonable value!
It is even surprising me, on a roll is the term
I would use here....|
|Excellent, and issued on time this month!|