F&c Investment Trust Plc

-4.00 (-0.45%)
Share Name Share Symbol Market Type Share ISIN Share Description
F&c Investment Trust Plc LSE:FCIT London Ordinary Share GB0003466074 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -4.00 -0.45% 891.00 266,484 15:05:51
Bid Price Offer Price High Price Low Price Open Price
891.00 892.00 895.00 891.00 895.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Investment Trusts Div'd -476.05 -491.38 - - 4,618.16
Last Trade Time Trade Type Trade Size Trade Price Currency
15:06:28 O 156 891.4749 GBX

F&c Investment (FCIT) Latest News (1)

F&c Investment (FCIT) Discussions and Chat

F&c Investment Forums and Chat

Date Time Title Posts
10/4/202318:22New frcl thread58

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F&c Investment (FCIT) Most Recent Trades

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F&c Investment (FCIT) Top Chat Posts

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Posted at 01/9/2022 09:58 by vacendak
Reading the latest interim:
"Valuations in the private equity part of the portfolio have so far held up well and delivered a return of 4.7% over the first six months, however we expect these to come under pressure as the year progresses to reflect what has happened in the public markets. We have continued to make selective investments in this area and agreed a new programme of exposure in leading growth and venture managers which will be managed by Pantheon. These commitments are long-term in nature and our experience in terms of unlisted private equity exposure has, historically, been positive."

So, in essence we are going to fish more and more in Private Equity waters, however incrementally. Good timing to do so now as the PE sector seem to have been oversold.

I, myself, have just taken a position in NBPE to complement my holdings in CTPE (used to be BPET or FPEO in the old days when F&C was independent). Riskier than FCIT of course, but better long term returns indeed.

Posted at 01/9/2022 09:28 by vacendak
The discount has closed a bit last month: 9.2% average in July and 7.0% in August (latest fact sheet).

Now that the FTSE 100 trackers will have to buy FCIT, it might even close a bit more.
It is already trading a lot, the offer/spread is very small so unlikely to improve much on that side of things.

Posted at 30/8/2022 09:59 by vacendak
Yep, the perfect F&C thread complete with the neverending comments on "You'd be better off with a tracker"... which by definition cannot beat its index. :)

They bleat on about fees even though the fees in an IT are already reflected in the share price anyway.

Posted at 26/4/2022 09:24 by vacendak
No, in fact, we do not own any Twitter according to the latest list of holdings given on April 8th.

We do (did?) have some NETFLIX INC and MOSCOW EXCHANGE MICEX RTS PJ at that time though.

Posted at 09/2/2022 11:30 by vacendak

An article on those ITs that have been around forever.
FCIT is just below average at 18/35.

The ranking is not fully relevant though as some of them are specialists, thus riskier, or less liquid, than the global behemoths. Others have fully morphed into something else and should be considered "young", such as Witan Pacific (that used to be managed by F&C) that is now Baillie Gifford China Growth.

The article is focusing on the age of the listed trusts.

Posted at 31/1/2022 16:41 by acol
Many years ago I used to hold 3 Investment Trusts under their regular saving schemes - FCIT, BGSC & SMT. FCIT was by far the least successful of the 3!

Nowadays, I just trade FCIT occasionally and like Vacendak use the Trust as pedestrian ballast. I sometimes miss the highs but usually manage to slice reasonably consistent profits. One of the virtues of FCIT is the miniscule spread.

For what it's worth I no longer hold the other 2 shares but for different reasons.

Posted at 31/1/2022 09:15 by vacendak
That is the reason: Large company, a LOT of holdings, so totally insensitive to anything in particular, Amazon, Tesla, Unilever, whatever, everything is smoothed. Obviously, this is also the whole point of FCIT.

There is not much to comment about with regards to strategy either (they collect them all, value, growth, income, etc.) beyond the very slight shift towards private equity a few years back. Then again, we are still talking of "fund of PE funds", so nothing too adventurous and no big direct holding.

The only comment for this whale is whether or not it beats its index over 5 or 10Y, thus is no longer the closet tracker it used to be before Paul Niven took over.

I use F&C as stabilising ballast in my portfolio.

Posted at 19/10/2020 20:40 by vacendak
Good news: The NAV is now hovering above what it was before the plague.

Before then FCIT was running at a premium, now it is at an 8.6% discount and the trust is buying back instead of releasing shares. Thus the share price not looking so great.

Posted at 04/3/2020 15:56 by vacendak
Considering the likelihood that a communist entering the White House has gone down a bit after Super Tuesday, 50% or so of FCIT should indeed rebound once COVID-19 is behind us.
Posted at 04/3/2020 13:15 by sutherlh
Topped up yesterday, markets still very choppy but I think the US markets will ultimately return to their highs in maybe 6 to 12 months. FCIT with its US exposures should do similar (fingers crossed) H
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