Rit Capital Partners Share Discussion Threads

[1nf3rn0] 07/3/2013 20:43

Cracking results. Good move by Lord R to move more into equities in Q4 2012. I was a bit worried that by appearing to be very defensive over the last couple of years that he may have missed the rise in equities that caught many by surprise.

[elmfield] 07/3/2013 19:55

Maybe the master still has the touch? Let us see what comes out tomorrow.

[haydock] 07/3/2013 19:12

One of the better days.
Will it go above the NAV ?

[elmfield] 07/3/2013 17:47

I agree, has to be a buy anywhere under asset value, IMv.
Deserves at least that!

[madengland] 07/3/2013 17:24

Great stuff, well positioned for future i would say. Took a load more today before the rise. The nav must now be 1350+ after the rally of the last few weeks so to buy such a diverse and international basket at such a discount is a steal imo. Reckon we may see that discount close rapidly. Nice to see the 28p divi for those who want to draw down is maintained.

[elmfield] 07/3/2013 15:36

What a star! Never underestimate rit.

[elmfield] 13/2/2013 21:05

They always play a good hand but when you look at long term holdings like say ones in Findlay park they give a good account of themselves.

[jimbo55] 13/2/2013 20:53

Agree with that too, which is why I'm here. Still, as Madengland has said, a NAV update would be really nice. They've also stopped producing monthly factsheets, which means they're either in a closed period, or they just wanted to revert to the NAV being a tad more opaque to Mr Market...

[elmfield] 13/2/2013 19:00

Spread your money around and this has tobehonest a part, his view on where we are going gives one a hedge on portfolio, good to be outside the box even though this has maybe lagged the rise of the market.

[madengland] 12/2/2013 17:24

Would be nice to have an update on the nav.

[elmfield] 12/2/2013 13:56

Dear Jacob,
Why is this becoming a dog?
Or do you know something others have missed, crash?

[a1samu] 30/1/2013 08:18

Where did the 2.3p comes from. It was not part of yesterdays RNS? What, Rothschild passing on an opportunity gratis or for a pittance. Never. Perhaps a transfer of value between connected persons.

[topvest] 29/1/2013 20:54

They sold for 2.3p..not the best RIT investment of all time. Can't see why they sold at that price really.

[a1samu] 29/1/2013 09:26

Mr Jacob Rothschild's RIT Capital,RCP declared an interest of 12.9% or 39,344,596 shares in September 2012 and this is good enough for me to invest in this company too. I am hoping for a minimum of 10p/share over the long term.

[strollingmolby] 13/12/2012 17:05

13 December 2012

Net Asset Value

The unaudited diluted net asset value of RIT Capital Partners plc as at 30 November 2012 was 1,179.0p per £1 ordinary share (31 October 2012: 1,174.0p).

[strollingmolby] 10/12/2012 12:55

Rothschild buys into peer-to-peer lending

Jacob Rothschild, scion of the eponymous banking dynasty, has bought a stake in a peer-to-peer lending company that allows people to extend credit to each other without going through banks.

RIT Capital Partners, Lord Rothschild's London-listed investment trust, bought into Zopa in the expectation that it will eat into a business traditionally dominated by banks.

[strollingmolby] 02/11/2012 12:52

I've noticed some interesting developments down at St James's Place recently.

The FSA Register shows some interesting individuals joining the board of JRCM, subsidiary of RIT Capital Partners.



As of 15/10/12, four individuals became approved as CF2 (Non-exec director) - Evan Mervyn Davies (Baron Davies of Abersoch - UK government minister until May 2010), Reuben Jeffery III (CEO of Rockefeller & Co, NED of Barclays, CFTC Chairman, former US Under-Secretary of State for Economic, Business & Agricultural Affairs, Dharma Jayanti (?), and John Cornish (RIT NED).

In addition three previously advised appointments for individuals moving from RIT Board to JRCM - Bill Winters (former JP Morgan Co-CEO), Rick Sopher (LCF Edmond de Rothschild) & Ron Tabbouche (new RIT Investment Director, ex-GAM).

[1nf3rn0] 02/11/2012 10:54

I dunno. Good time to top up I'd say. Well that's what I've done.

[future financier] 23/10/2012 09:12

The graph over the last year is not pretty - not quite prepared to lose faith - but getting close .......... agree with langostino (65)

[1nf3rn0] 24/8/2012 09:36

I believe the new beefed up dividends are reinvested today which probably explains the rise.

[jaws6] 17/8/2012 10:32

ok.np
tks

[damanko] 17/8/2012 10:31

Seen HGT news, have posted the announcement. Unable to attend DNE as will be moving property.

[jaws6] 17/8/2012 09:10

damanko
Tks, got this loos ok.
Have you seen HGT news today ?Are going to DNE meeting ?

[damanko] 17/8/2012 08:40

RIT CAPITAL PARTNERS PLC



Interim Management Statement - 1 April 2012 to date



RIT Capital Partners ("RIT") is a self-managed investment trust whose corporate objective is "to deliver long-term capital growth, while preserving shareholders' capital; to invest without the constraints of a formal benchmark, but to deliver for shareholders increases in capital value in excess of the relevant indices over time."



Its investment policy is "to invest in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted; to allocate part of the portfolio to exceptional managers in order to ensure access to the best external talent available."



This statement is released to comply with Disclosure and Transparency Rule 4.3 of the Financial Services Authority, and covers the period from the beginning of the first half of the Company's current financial year on 1 April 2012, to the date of this announcement.



Review of the period



· RIT's investment strategy continues to reflect a policy of caution favouring large, quality companies and growth sectors in the developed world.



· RIT's most recent unaudited diluted net asset value (NAV) per share was 1,183.5 pence as at 31 July 2012.



· In April RIT announced the sale of Agora Oil and Gas to Cairn Energy PLC generating a total profit of £73m in just over two years.



· RIT has reviewed its dividend policy, following changes in tax legislation. A dividend of 28 pence per share will be paid on 24 August 2012 to shareholders on the register at 15 June. Consistent with this change in policy, RIT will also be stating its NAV performance on a total return basis.



· RIT announced the acquisition of a 37% equity interest in Rockefeller Financial Services, Inc., from Société Générale Private Banking and a long-term investment in Corsair, a leading private equity fund manager.



· Mr Breuer-Weil announced that he will be stepping down as Investment Director. Mr Tabbouche has been hired to assume the role.



· Mr Sopher and Mr Winters will be joining the board of J Rothschild Capital Management Limited and as such have not sought re-election to the RIT plc Board.



· RIT will move to a December year-end. An interim report will be prepared to 30 September 2012, followed by a report for the nine months to 31 December 2012.





The diluted net asset value by asset category comprised:







31 July 2012

% of Net Assets
31 March 2012

% of Net Assets



Quoted Equity - Internally Managed
16.8%
18.7%



Quoted Equity - Externally Managed
42.8%
45.0%



Unquoted Direct
10.1%
15.5%



Unquoted Funds
15.0%
13.7%



Real Assets
5.9%
5.8%



Absolute Return & Credit, Government Bonds and Currency
6.0%
7.2%



Net Liquidity/Borrowing /other
3.4%
-5.9%



Total
100.0%
100.0%






The principal currency exposures comprised:







31 July 2012

% of Net Assets
31 March 2012

% of Net Assets



US dollar
53%
53%



Sterling
16%
15%



Singapore dollar
13%
13%



Canadian dollar
8%
11%



Norwegian krone
7%
3%



Mexican peso
4%
6%



Euro
-7%
-5%



Other
6%
4%



Total
100%
100%






Financial performance since 31 March 2012:



Capital only:







As at

31 July

2012
Change since 31 March 2012
Change since 31 December 2011



NAV per share
1,183.5p
-5.3%
2.2%



Share price
1,195.0p
-2.0%
-2.4%



MSCI World Index (in £)
798.1
-2.7%
4.7%



FTSE All-Share Index
2,927.3
-2.5%
2.4%






Total Return:







As at

31 July

2012
Change since 31 March 2012
Change since 31 December 2011



NAV per share
1,183.5p
-3.0%
4.7%



Share price
1,195.0p
0.3%
0.0%



MSCI World Index (in £)
798.1
-1.6%
6.6%



FTSE All-Share Index
2,927.3
-1.1%
5.0%