Polar Capital Share Discussion Threads

[philo124] 03/8/2016 11:53

Back in here for a 20/30% trade; used to hold this one. Have held PCT for ages.

[topvest] 14/7/2016 20:53

Japan fund still struggling by the looks of things. Hopefully, the rest of the business will take up the slack from now on. Still a good asset manager and happy to hold.

[topvest] 11/7/2016 20:30

Doubled up today. £ cost base and US¢ FUM is a good mix. AUM update must be anytime soon.

[its the oxman] 14/4/2016 07:36

Tricky update today. FUM down. Div to be held this year buy how long can that last?

[its the oxman] 12/4/2016 10:35

Top best you still holding. Views now we are down at 350p anyone?

[topvest] 07/12/2015 19:36

Yes, bought for the long term. I agree that share price could go up or down depending on the results. Only bought a small holding and may add more.

[grahamburn] 07/12/2015 09:35

So, you've bought just before their half year results announcement on Friday - which could go make the price go either way in the current volatile market.

[topvest] 07/12/2015 09:05

Decided to add a few of these. A quality asset manager backed by Caledonia Investment Trust. The spread is very wide for some reason; had to pay 10p above the mid price, but thought it was still worth it.

[speedsgh] 12/10/2015 17:15

AUM Update and appointment of joint broker -

"Short-term our AUM levels will be heavily impacted by the direction of world stock markets but the generally strong performance of our funds gives us encouragement that we can return to quarterly net inflows again if market conditions improve."

[speedsgh] 06/10/2015 09:28

Polar Capital suffers under outflows -

Asset manager Polar Capital Holdings (POLR) is expected to report another disappointing quarter.

Peel Hunt analyst Stuart Duncan retained his ‘buy’ recommendation but reduced the target price from 505p to 465p. The shares rose 0.9% to 377.7p yesterday.

‘We expect Polar’s next update on 12 October to report another quarter characterised by net outflows, in addition to negative market movements,’ he said.

‘With assets under management running well below previous assumptions, we make significant changes to forecasts for the coming years… equity market conditions have deteriorated since the end of Q1, while the factsheet data to the end of August suggests Q2 has again been characterised by outflows from the Japan fund.’

He said the outflows meant ‘significant reduction in forecasts earnings for the coming years’ with profit expected to be down 16% for the next two years.

[its the oxman] 10/4/2015 08:46

Still no rush to buy it seems if FUM are to keep falling and overall market levels could not of been more helpful. Next solid support looks to be just around 290p though not sure it will reach that level if div is maintained.

[its the oxman] 10/4/2015 08:20

Poor aum update. Japan remains a problem with poor performance and redemptions at high level.

[speedsgh] 08/4/2015 15:13

Have POLR on the watchlist but the chart is looking none too clever here. Afaics precious little in the way of support until 200p area. Can't see it going there (unless they reduce the payout substantially) but not willing to look more closely until the chart looks a bit more positive. Aimho.

[its the oxman] 26/3/2015 15:06

Quick collapse below 400p. 365-379p spread. Looks a bargain but support feels very weak so still holding back. Next newsflow will be interesting reading re Japan and FUM.

[its the oxman] 20/2/2015 17:06

Is it safe t buy yet - 370p offered?

[philo124] 17/2/2015 10:02

500p reit by canaccord; management see Japan picking up.

[its the oxman] 16/2/2015 14:01

Not looking very turbo charged at present. Still waiting and watching. Other asset managers moving up but eps forecast going the wrong way here with cautious outlook re Japan and AUM.

[cwa1] 06/2/2015 13:57

Looking a bit friendless at moment. Had a few at 378p for a medium term punt.

[cwa1] 15/1/2015 07:54

AUM update:-



Comment

As reported at our interim results there remains considerable uncertainty over the direction of the Japanese equity market and this has resulted in material outflows of over $1.5bn from our Japan business over the last three quarters. This follows the exceptional growth we had experienced in previous years. These Japan outflows have overshadowed some good inflows into a number of our other products over the year.

In the last quarter we launched two new sub funds in our UCITS product range; a UK Absolute Equity Fund managed by Guy Rushton and a European Income Fund managed by Nick Davis. Both funds have got off to an encouraging start.

We have been consistent in signalling our short term caution regarding the AUM growth of the Group given the uncertainty in the outlook for the Japanese market. Nevertheless, we believe that over the medium term the Group is well placed to grow assets further, given the number of our products that have considerable scope for more capacity and assuming no meaningful deterioration in the overall outlook for global equity markets.

The confidence in our ability to grow assets is a function of the performance of our products that can be demonstrated by the excellent performance of Polar Capital's UCITS group of sub funds as shown below.

December 2014 Lipper quartile ranking of funds (with at least a 1 year track record) within Polar Capital Funds plc:

1 year 3 Years 5 years Since
inception
---------------- -------- -------- -------- -----------
1st quartile 6 funds 3 funds 5 funds 9 funds
---------------- -------- -------- -------- -----------
2(nd) quartile 4 4 1 5
---------------- -------- -------- -------- -----------
3(rd) quartile 2 2 0 0
---------------- -------- -------- -------- -----------
4(th) quartile 2 1 0 0
---------------- -------- -------- -------- -----------

[philo124] 18/12/2014 08:37

Bought back into SIPP; great yield, good price.

[speedsgh] 11/12/2014 08:12

Half Yearly Report -

[speedsgh] 27/11/2014 09:35

ItO - Maybe but not necessarily. Wait + see what the results say. It's been making lower highs/lows since the start of the year so until that trend is broken there is the clear possibilty that it will find itself back down around the 400p level or lower (years low is 386p) at some point before too long.

Disclosure: I have no position but, like yourself, would be tempted if we see a revisit of 400p.

[its the oxman] 27/11/2014 09:27

Wish I bought these at 400p. Missed opportunity. Waiting for results now.

[hatter2] 31/10/2014 09:28

Blimey I wrote post 91 a few hours before the market opened; up 6.5% shortly after the open!