Rit Capital Partners Share Discussion Threads

[essentialinvestor] 08/1/2015 19:09

More upside potential for RIT from that list IMV, PNL moves around less.
RIT also still trades on a nice discount, PNL above NAV currently.

[elmfield] 08/1/2015 15:23

Most here have a substantial percent in
Rica, Pnl, Rcp,
Rcp gives a bit more excitement!

[essentialinvestor] 08/1/2015 15:18

New ATH in sight if this continues IMV, their positing looks spot on atm.

[essentialinvestor] 05/1/2015 10:37

PNL moves around less than RIT, however my own assessment is that RIT
is now better positioned to outperform over the next 3-5 years,
just IMV only.

£ strength has been a drag on RCP's NAV as is referred to in the half yearly report.

They appear to be strongly long the $, short the Euro and anticipated some
upcoming weakness in GBP which is now materialising.

This appears a very astute reading atm to me, see what the December NAV
shows shortly on the update.

[tacheman] 31/12/2014 11:41

I'm expecting trouble this year (and last year, prob wrong yet again!) so am focusing on more defensive type holdings (PNL, RICA etc). That said, RIT seemed to handle the last bear well, so not a bad place to be either.

[essentialinvestor] 31/12/2014 11:13

tach, I am working on the basis of a new equity bear market within the next 2/3
years (it may be sooner) - this is when RIT should easily outperform, just IMV only.

[tacheman] 31/12/2014 10:08

Agreed, a solid holding and should outperform benchmarks.

I've recently sold, as had a good run from £11+ (where I bought) to £14+. I switched into BHMG as expect more volatility in 2015 / non correlated returns etc. Plan to switch back at some point though ....

[essentialinvestor] 31/12/2014 09:32

Added at 1394 yesterday.


RBall, RCP traded at a 5% plus premium to NAV just a few years back.

Adding here on a 2-3 years view, where I expect at least relative outperformance
against most benchmarks.

[r ball] 19/12/2014 20:41

sounds about right. forthose into ITs can I suggest JAM, TMPL, TRY and, ofcourse, EDIN.

[essentialinvestor] 19/12/2014 12:24

elmfield, NAV may be in to the high 1480's
on the next update, may be higher.

Expect the discount to NAV to close and a premium to NAV
in the later half of 2015 - RIT should now begin to outperform at this point
in the cycle, all IMV.

[essentialinvestor] 19/12/2014 10:41

Today's RNS, interesting, going for growth.

[essentialinvestor] 18/12/2014 13:14

RIT stood at a fat premium to NAV for a time
and with volatility increasing a premium to NAV may be on the way in 2015,
just IMV.

RIT trading at 4-5% premium within 12 months would not surprise me,
as always DYOR.

Any views appreciated.

[essentialinvestor] 18/12/2014 08:11

NAV at £15 plus by early next year?.


Looking at RIT's exposure they are heavily focused on US equities,
Japan exposure also astute positioning as they timed at very well.

[r ball] 29/11/2014 18:07

Hargreaves lansdown taking over ajar scheme ?

[elmfield] 05/11/2014 12:01

Election results in USA, world situation,
I think this is a good place to be.
Nov 13'
Added some more, long term lock away.

[elmfield] 04/11/2014 12:40

Strong dollar weak yen,
Has to be good for this.

[elmfield] 31/10/2014 18:07

Anyone who bought in the shake at a pound less
got their timing right!

[elmfield] 15/10/2014 17:55

I think the odd time they have given a more up to date one.
Maybe that is when they have results, can't recall exactly.

[jimbo55] 15/10/2014 13:46

It's their standard way of reporting NAV. They always report the NAV at the end of the previous month two weeks into the next month.

I'm encouraged by the fact that it had barely moved from August - even at the point at which markets were starting to come off. In terms of where they stand right now, I'd be surprised if they hadn't taken some kind of hit, but would be even more surprised if they hadn't already armed themselves with various index put options to protect against falls. They may therefore not have been hit as badly as the shareprice is currently suggesting.

I think it's worth mentioning that RIT Capital was featured as a buy recommendation in the following recent trustnet articles (and I'm sure I can recall seeing it tipped elsewhere):

hxxp://www.trustnet.com/News/549084/the-long-term-trust-available-on-a-discount/
hxxp://www.trustnet.com/News/529749/is-now-the-perfect-time-to-buy-the-rit-capital-partners-it/

I would be amazed if some of the recent buyers had not been readers of those articles. Some may have panicked at the ex-dividend fall (not realising it was falling due to going ex-dividend) and sold. Others may be panicking now and selling. If this is the case, it has the unfortunate effect of hitting the shareprice, but fortunately not the NAV per share. I also hold to my earlier view that the steep falls off the back of the ex-dividend date may have been trading bot-related. Whatever the case, this trust has been hit by selling pressure. Personally, I think it may have resulted in the discount to NAV widening further but no way of being sure right now.

Whilst October's finishing NAV position will undoubtedly be of interest to many people, we're going to have to wait until this time next month to find out what it is. Such is life with investment trusts. ;)

[elmfield] 15/10/2014 07:36

Not sure what I mean, asset value out today is two weeks old
What to make of it?

[pvb] 13/10/2014 17:07

elmfield 11 Sep'14 - 10:02 - 129 of 133 0 0

What Stella work by managers.

Don't you mean "stellar"? Or were you being sarcastic? ;-)

[jimbo55] 13/10/2014 11:12

Yeah, I'm keen to see the next NAV update, which I'm anticipating will be out today.

It's kind of strange but the price has kept on falling after the ex-dividend date, so it's almost like high frequency algorithmic bots targeted this trust for short selling off the back of the ex-dividend price fall. No way of knowing if this hypothesis is true though...

[elmfield] 12/10/2014 23:01

Nothing wil be that but can't just sit in cash so have to find things to sit in,
In a five year view we will be alright here, capital preservation is what it
is about now.
Should get an asset value update soon, that will point us.

[essentialinvestor] 12/10/2014 21:21

This is not impregnable as the last week has shown.

[elmfield] 09/10/2014 21:22

Going to get rough out there,
I like it here.