Polar Capital Share Discussion Threads

[davethehorse] 11/4/2024 10:36

Wow wasn't expecting such a large jump in SP, as has been mentioned today's update is not really a surprise the way markets have moved this year, especially US and Tech...

[brucie5] 11/4/2024 09:19

Blimey. It seems that with Lio and Polr one is well placed to capture the best of the market, while reaping a supersized dividend.

[diviincomesearch] 11/4/2024 09:05

Find it bizarre that an AuM update where most of the data is visible several days prior boosts the share price this much.

Institutions and analysts really aren’t paying much attention to small cap share prices at this point.

[mister md] 11/4/2024 08:28

Well at current shareprice of 499p it's still yielding an incredible 9.2%. Long-term hold for me.

[davethehorse] 11/4/2024 08:24

Signs of life here at last...Will we see profit taking now though....let's see....very positive update going forward....

[mister md] 11/4/2024 08:05

Finally some signs of the 'turbo-charged' promised in the thread header ;-)

[edmonda] 11/4/2024 07:30

"AUM and forecasts up, stellar returns, positive flows"

AUM jumped £2.3bn (+12%) over Q4 of FY24 to £21.9bn on 31 Mar 24, which is 12% above our previous forecast of £19.5bn, and +14% y-o-y growth (AUM 31 Mar 23: £19.2bn). In turn, our FY24 revenue forecast increases from £188.4m to £191.6m (+5% y-o-y, FY23: £182.9m).

PBT rose from £50.1m to £52.1m (+15% y-o-y, FY23: £45.2m) and basic EPS from 38.3p to 39.8p (+8% y-o-y, FY23: 36.8p). The EPS revision translates to a forward PER of just 11.5x

Investment performance was the booster for AUM in Q4, adding +£2.3bn or +12%, but for us probably most pleasing update was a return to positive, albeit modest, net flows in the quarter of +£56m. Moreover, Polar reported strong net flows in March (+£228m).

For the sector, there are signs of an improving outlook for UK and European equity and active management fund flows. For Polar Capital we think that its PER has clear potential for a re-rating and our fundamental valuation increases to 650p/share (42% above the current share price).

New research report:

[riverman77] 11/4/2024 07:28

Very strong quarter - as well as strong market movements, flows have returned to positive territory and they say momentum has continued in April.

[mister md] 11/4/2024 07:02

"With interest rates having potentially peaked, global equity markets continued to rise during the quarter and as a result total AuM in the quarter increased by £2.3bn from £19.6bn to £21.9bn, a 12% increase."

[davethehorse] 10/4/2024 11:18

POLR looking strong pre AuM update, could see a quick re rate to 500p if the market likes it...gl all

[riverman77] 09/4/2024 17:54

Yes similar pattern with most of the other funds - AUM tracking market movements suggesting flattish flows - this is a good turnaround and suggests we should see a good rise in the AUM at next udpate. I'd say we're close to the point where inflows resume and then we should really push higher.

[riverman77] 09/4/2024 17:30

Good spot - the biggest fund (global technology) is now 5.3bn (end Mar) compared to 5.1 bn at end of Feb. This is roughly in line with market movements which suggests outflows have stopped, but no sign of inflows yet. Not looked at other funds yet.

[diviincomesearch] 09/4/2024 17:16

New factsheets are up now. Either tot it up yourself or wait for the AuM update post which may well be tomorrow.

[grahamburn] 09/4/2024 14:51

Well, it was 13 April last year, so could be 12 or 15 April this year.

[davethehorse] 09/4/2024 08:36

POLR AuM update must be due within the next 7 days, anyone know which day? Should be very interesting to see if the inflows have picked up significantly....fingers crossed....

[davethehorse] 05/4/2024 14:23

Nice timing....ridiculous manipulation of the share price here....oh well, it's going up from here....2024 isa money will flow in next week...;-)

[linton5] 05/4/2024 14:17

Took some thank you market look cheap cheap

[1viky] 04/4/2024 17:31

Does anyone know if there is withholding tax on dividends for this stock for foreign investors. Most companies on LSE have no withholding tax. I assume this stock also has no WH tax. Can anyone confirm. Thanks

[davethehorse] 02/4/2024 19:22

Well I'm sure in my own mind that inflows will be significantly up regardless, and only improve as the year goes on, gl

[tag57] 02/4/2024 19:13

DTH - I doubt US based investors reported probably aren’t going to be investing in Polar funds, unfortunately.
We can live in hope though.

[tag57] 02/4/2024 15:29

DTH - why are a funds inflow expected? There is no trend to suggest this will happen.

[davethehorse] 02/4/2024 09:03

Looks like POLR is breaking out today, with fund inflows likely to have rebounded strongly in Q1 and the fact many are looking to invest in good, well managed profitable companies paying high yielding dividends before this year's ISA deposits close and for the start of the 2024 ISA. A re rate is on the cards here, having lagged the general market rise recently, and could add 10 to 20% quite quickly and likely before this year's ex div date in the summer months. GL all..all in my opinion etc...

[ianood] 31/3/2024 18:33

Be careful what you wish for!!

[davethehorse] 30/3/2024 11:04

Agreed but can see POLR being popular next week and the week after as folk add to this year's ISAs and purchase for next year's, the divi income seekers are going to drive this up considerably in the short term and on the run up to the Q1 update, all looks very good here but be quick if your yet to buy imo...sorry for another post, block me if you dont like it...;-)