ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

RCP Rit Capital Partners Plc

1,928.00
32.00 (1.69%)
Last Updated: 12:12:14
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rit Capital Partners Plc LSE:RCP London Ordinary Share GB0007366395 ORD �1
  Price Change % Change Share Price Shares Traded Last Trade
  32.00 1.69% 1,928.00 112,308 12:12:14
Bid Price Offer Price High Price Low Price Open Price
1,926.00 1,930.00 1,930.00 1,892.00 1,892.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 108.8M 66.1M 0.4508 42.77 2.83B
Last Trade Time Trade Type Trade Size Trade Price Currency
12:17:50 O 150 1,928.9403 GBX

Rit Capital Partners (RCP) Latest News (1)

Rit Capital Partners (RCP) Discussions and Chat

Rit Capital Partners Forums and Chat

Date Time Title Posts
25/4/202410:03Timing is all.558
22/10/202309:15RIT CAPITAL PARTNERS - GREAT GROWTH STORY147
15/4/201420:58RIT Capital - undiscovered Gem ?164

Add a New Thread

Rit Capital Partners (RCP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:17:511,928.941502,893.41O
11:16:591,928.942605,015.24O
11:12:321,928.961072,063.99O
11:12:321,928.941082,083.26O
11:12:141,928.001472,834.16AT

Rit Capital Partners (RCP) Top Chat Posts

Top Posts
Posted at 23/4/2024 08:49 by robertball
Is the boost in the price related toNewManager?
Posted at 18/4/2024 16:14 by kiwi2007
Questor says: buy

Ticker: RCP
Posted at 18/4/2024 09:45 by mwj1959
Share price has seen a bit of a recovery from £17 to £18, but discount based on March NAV, published today showing a 2%+ rise, has only seen a small narrowing (to 29%). However, markets have generally been weaker in April, so that probably means that in reality the discount has narrowed further, albeit still remaining comfortably north of 25%.
Posted at 12/4/2024 12:18 by spectoacc
Sold my wife's RCP again, not a reflection on prospects so much as being unable to resist a quick profit.

Some of the proceeds on into SUPR, seems a good SIPP stock.

Big loser is ORIT, which I've been unable to pull the trigger on selling, and just can't seem to catch a bid.
Posted at 10/4/2024 18:02 by mwj1959
From Citywire...probably behind the modest gain in share price today. I think they are being too pessimistic in saying that FV is a 25 - 30% discount.

Investec analysts, who have been among the most bearish critics of RIT Capital Partners (RCP), have upgraded their rating of the Rothschild-backed multi-asset fund after another weakening in its share price.

With the shares trading 30% below net asset value (NAV) earlier this week, compared with 26% when the £2.5bn listed global fund issued annual results in March, analysts Alan Brierley and Ben Newell replaced their ‘sell’ advice of 13 months ago with a cautious ‘hold’, saying fair value would see the shares trade on a discount of 25% to 30%.

Since the note was published yesterday, RIT shares have edged 0.6% higher to £17.60.

While impressed with the trust’s £184m of share buybacks in the past 15 months, which the analysts believe was a better use of capital than making new investments, they said this had failed to reverse a ‘brutal derating’ in the shares, with the portfolio’s asset value having ‘flatlinedR17; over three years when global equities had rallied 27%.


They remain wary of the trust’s large allocation to private investments, which provoked their first downgrade to ‘hold’ in December 2022. This has fallen from 45% to 36% and is set to decline to 25% to 33% in the next two years, with the company in the process of selling several stakes that might boost NAV.

‘Our central thesis is that [the private book] is vulnerable to a valuation reset following a period when a tsunami of easy money drove valuations of late-stage venture capital to extreme levels in 2020 and 2021,’ the analysts said.

Brierley and Newell welcomed the significant changes made at RIT’s wholly owned fund manager, J Rothschild Capital Management (JRCM), which has been shored up by two appointments from the investment trust’s board.

In January, former Ontario Teachers’ Pension Plan fund manager Maggie Fanari moved across to replace Francesco Goedhuis as JRCM’s chief executive, following the appointment of investment banker Maxim Parr last September as its chair.
Posted at 05/4/2024 12:49 by fabius1
EI - On CLDN, the discount is a useful guide but valuations are subjective. I personally think it is better to focus on the price action. I would wait and see how it manages the 29-31 support. If it breaks through this, the long term channel would probably be the next support at @ say 26-27.
Posted at 04/4/2024 11:23 by essentialinvestor
Does anyone have detail on the respective CLDN v RIT NAV returns over the last 5 years, thanks.

CLDN sells on a discount of 35% plus.

Tbf to RIT, I'm 'discounting' respective share price returns over the last 5 years - where CLDN has thrashed RCP.
Posted at 04/4/2024 06:44 by spectoacc
Not sure who the major shareholders are (who's Hannah?), but wealth managers selling across the board, as more & more redemptions come in.

UK stockmarket has suffered outflows for two calendar years running for the first time ever - every confidence 2024 will make that 3 years. Why pay into your ISA/pension rather than pay your mortgage? 100,000 people a month are coming off cheap fixes.

Likewise, why have money with eg Quilter when you've an overdraft.

Labour's VAT on school fees could create another drag.

Add to all that, why RCP when there's others also trading very cheaply?

But I'll admit I'm looking at RCP again for the first time since the GFC.
Posted at 03/4/2024 21:00 by dickiehh
Wtf is going on with this trust. RCP is at multi year lows while S&P at all time highs. Languishing on a 30+ percent discount (1718/2470). Board need to seriously pull their finger out do something don't they? More transparency would help on all the investments, as would a massive increase in buy backs and director purchases. Otherwise, let's just wind this thing up
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.
Rit Capital Partners share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock