Polar Capital Share Discussion Threads

[zho] 23/2/2022 14:39

Director John Mansell buys 50,000 shares at 576p

[jomac2412] 15/2/2022 14:57

Surprised this is still under 6 quid with markets all pretty buoyant!

[spawny100] 14/2/2022 11:01

Nice to be able to buy a few here under 6 and where Directors recently bought.

[raggedtp] 10/2/2022 18:13

That makes £700k of Director's purchases since their Jan 13th TU. I'm still buying the 600s.

[zho] 01/2/2022 15:45

NED Win Robbins buys 10,000 shares at 637p

[brucie5] 28/1/2022 17:03

Yes indeed - so will make a good recovery proxy for tech when the time comes. If RC says 5, I wouldn't bet against it. Though if tech really gets hammered n a replay of Y2K, it could get still lower. I guess the clue will be the dividend, which by that time will be well over 8%.

[riverman77] 28/1/2022 16:23

The trouble is they are so tech focused and their main global tech fund is down 15% ytd. Tech really feels out of favour now so probably seeing outflows too, possibly quite hefty. Healthcare is their second main sector and that also getting clobbered. Remember that fund managers are operationally geared so every 1% falls in AUM will lead to a 2-3% fall in profit.

[rcturner2] 28/1/2022 15:44

I'm hoping this goes down to 500p and then I will be loading up!

[brucie5] 28/1/2022 15:15

Still on its way down - fairly relentlessly.

[brucie5] 20/1/2022 11:20

On my watchlist, but I tend to agree with Ben. This is technically through 700, though of course director buys offer their own support. I can only think that this might be a proxy for market jitters around tech stocks? If there is a pronounced blow-off, then 600-500 would be a great opportunity for sure.

[farnesbarnes] 19/1/2022 07:19

Ben

Old resistance being new support, there should be some right here at 700p.

[petewy] 18/1/2022 13:34

I sold after a good run. Moved to OSB

[zho] 18/1/2022 12:23

CEO Gavin R buys 20,000 at 700p

[zho] 14/1/2022 18:14

Non-exec C/man buys 45,000 shares for £309K, after Andrew Ross's earlier buy of 30,000 (£200K). Looks as if they're calling the bottom.

[zho] 14/1/2022 11:34

NED Andrew Ross buys 30,000 shares at 665p

[clarea] 13/1/2022 20:12

Hit my stop today annoyingly great company in a hot take over sector but currently in a firm downtrend which won't be helped by rising interest rates and bond yields being bad for tech and healthcare sectors of the market which is their main investment areas.

Will put it back on the watchlist looking for a re-entry point when it starts to trend up or sideways again, decent yield also.

[farnesbarnes] 13/1/2022 15:25

You can see from the charts that there has been huge distribution since turn of year. Regardless of published numbers, volume doesn't lie. Been a decent ride since Covid crash.

[diviincomesearch] 13/1/2022 12:14

I think they’re pretty candid about performance fees generally ygor75.

It’s a fairly simple business to understand. Often you’d think there’s some mystery about £000mn market cap firms but there isn’t. You can track the performance clearly in the factsheets. AuM is available monthly with about a 2 week delay.

It’s asset light as a business so inflationary costs aren’t much of an issue. Only things to keep an eye on, are fund performance market trends- generally you get hot money flooding a no.1 fund even when performance has eased.

There’s regulatory costs that affect the bottom line they can’t control. Otherwise the only major thing you won’t be aware of that can affect the business is the bolt on acquisitions. They’re done with existing cash. No debt.

Not much to dislike.

[edmonda] 13/1/2022 10:26

#POLR Good news from Polar Capital with AUM reaching £24.3bn by end Dec 21. Their strong investment performance continued and they remain on track to meet FY AUM expectations. Our fair value of 1400p is double today's share price, and their PE is a 1/3 of competitors.

[riverman77] 13/1/2022 08:58

Last year had very high performance fees as the large US tech indices (where they have a lot of exposure) more than doubled. It was clearly a bit of a one off and wasn't going to be repeated.

[ygor705] 13/1/2022 08:00

Must admit to feeling a bit puzzled about this morning's announcement. AuM figures look healthy but the big reduction in 9 month to 31st Dec 2021 performance fees makes me wonder about full year eps. Very little comment on this figure but it doesn't leave me feeling comfortable given the recent weakness in the share price

[farmers son] 10/1/2022 16:54

a superbly run company, but exposed to its large Tech trust. 730p looks like a very reasonable entry.