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FCIT F&c Investment Trust Plc

1,104.00
8.00 (0.73%)
Last Updated: 08:21:10
Delayed by 15 minutes
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
  8.00 0.73% 1,104.00 10,523 08:21:10
Bid Price Offer Price High Price Low Price Open Price
1,102.00 1,104.00 1,104.00 1,098.00 1,104.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 551.9M 532.84M 1.0812 10.21 5.4B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:30:02 O 27 1,103.4436 GBX

F&c Investment (FCIT) Latest News

F&c Investment (FCIT) Discussions and Chat

F&c Investment Forums and Chat

Date Time Title Posts
22/3/202410:30New frcl thread65

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F&c Investment (FCIT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:30:021,103.4427297.93O
08:27:541,104.00777.28O
08:27:301,103.4714154.49O
08:20:511,103.97444.16O
08:13:461,102.0069760.38O

F&c Investment (FCIT) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by F&c Investment Daily Update
F&c Investment Trust Plc is listed in the Finance Services sector of the London Stock Exchange with ticker FCIT. The last closing price for F&c Investment was 1,096p.
F&c Investment currently has 492,839,948 shares in issue. The market capitalisation of F&c Investment is £5,440,953,026.
F&c Investment has a price to earnings ratio (PE ratio) of 10.21.
This morning FCIT shares opened at 1,104p
Posted at 22/3/2024 10:30 by vacendak
Sadly, I have had to part with a big chunk of my FCIT holdings today for house buying related expenses. Still, it was relatively pleasing to do so at an all time high.
Posted at 17/10/2023 15:43 by chc15
Bit dead here, but have noticed some new radio adverts about fcit, so they are doing more to promote this. The discount needs to narrow, mkt was up a lot yesterday and this barely moved, odd.
Posted at 01/9/2022 08:58 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 08:28 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 08:59 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 08:24 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 19:40 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.
F&c Investment share price data is direct from the London Stock Exchange

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