Polar Capital Share Discussion Threads

[rcturner2] 01/7/2021 08:01

Really? I'm expecting a big rise.

[diviincomesearch] 01/7/2021 07:55

Steady as we go. No major surprises. Would haven’t minded a breakdown of where the performance fees are generated from fund to fund.

The Robeco add on is great- I find the whole ESG push from asset managers all fairly tedious at the moment but with a clear differentiator in terms of investment focus rather than a muddled ‘esg fund’ like so many others it should be a good option.

Polar capital is an asset light, cash producing machine. £136mn in cash to be netted off the current share price and you still get a P/E of 11 and a 4.8% divi yield.

Cheap as chips. A steady build through the next 12 months with maybe another bolt on will do is fine.

Don’t expect the share price to move much this morning- most of the news baked in already.

[waterloo01] 01/7/2021 07:31

yup. very solid results.

[rcturner2] 01/7/2021 07:02

Superb results from Polar today.

[zho] 23/6/2021 11:14

Panmure Gordon have iniated coverage with a 'buy' rating and PT of 929p

[diviincomesearch] 16/6/2021 22:01

Looks like a great poach from Robeco and another differentiator to build on.

The fund management game is fairly cut throat with fund managers moving between firms, no doubt that there are big financial incentives for the four moving but certainly cheaper than forking out to purchase the funds from Robeco.

Looks to be a nice bolt-on. Sure inflows will take some time as they have for the EM stars fund.

[zho] 16/6/2021 15:46

Okay, thanks. Bit of a puzzler, because it appears to add roughly 20% to FUM.

[lomax99] 16/6/2021 15:42

Not sure, perhaps they were hoping to announce with their annual results on 1 July.It normally goes XD around the 2 July with a 25p+ dividend.

[zho] 16/6/2021 14:45

Thanks lomax99, I wouldn't have spotted that.

Why no RNS do you think?

[lomax99] 16/6/2021 13:27

Polar Capital hires clean energy and electric vehicles team



Polar Capital (POLR) has hired a four-strong sustainable equity investment team from Dutch asset manager Robeco and will launch funds for the new recruits when they join in September.

The move continues Polar’s long-standing strategy of attracting specialist teams to build franchises around, such as its popular technology and healthcare funds and trusts. Demand for sustainable investments has been soaring, with ESG funds attracting over 40% of all inflows in 2020, according to Investment Association data.

The new team, which collectively runs more than €5bn (£4.3bn), will be led by Thiemo Lang and include three further investment managers. Their focus is on the transformation and decarbonisation of the energy sector, including the nascent electric vehicle market.

Lang (pictured), who has a PhD in micro-optics and photonics, has more than 20 years of thematic investment experience and is currently lead manager on the RobecoSAM Smart Energy Equities and Smart Mobility Equities funds.


Smart Energy Equities is up 93.4% over three years, marginally behind the 99.1% Citywire Clean Energy sector average, but has outperformed significantly over five years, up 192.9% versus 163.5%.

The Smart Mobility Equities fund, which was launched last year, has returned an eye-catching 76.1% over one year compared with a Citywire Technology sector average gain of 52%.

Polar chief executive Gavin Rochussen said: ‘This team represents an excellent opportunity for us to partner with a highly skilled and experienced investment team and to expand the range of sustainable equity strategies which we can offer our clients.

‘This is an area that is in its infancy and will be a growing part of any mandate in the coming years as the world looks to build a more sustainable future for the next generations. They are an excellent addition to Polar Capital, and I look forward to working with the team.’

[diviincomesearch] 11/6/2021 22:36

Do you mean the financials trust offer deadly?

The polar capital AuM is still trending in the right direction. Bit of profit taking after a very strong run.

Emerging markets stars fund has built up an impressive AuM in recent months. The U.K. value fund is soft closed around £1.6bn and the rot has stopped in the North American fund. Tech fund has bled a few hundred million as the rotation to value has borne out but it’s still a gargantuan £6.3bn.

The Melchior European opps fund also continuing to do well. It’s soft closed as well so will assume they aren’t going to build out much capacity from it.

Don’t think results will throw up too many surprises. Not expecting performance fees from the tech trust to be great as they crystallised end of March after tech had deflated a tad bit elsewhere looked strong.

[deadly] 11/6/2021 21:02

Nobody interested in the Intermediaries Offer?

[rcturner2] 18/5/2021 13:10

Share price still going in the right direction here.

[thewheeliedealer] 30/4/2021 22:22

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and POLR was one of the Stocks we discussed, and I think C3 holds some.

In this one I started discussing how I use Spreadbets to gear-up my Returns but in a low-risk way and very much treating my Spreadbet Account like normal Shares. As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management.

Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 46) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, with the intent being that it is like you are eavesdropping on us having a chat down the local boozer.

Cheers, WD
@wheeliedealer




And you can hear it on YouTube here:

[whittler100] 15/4/2021 11:05

I am happy enough with the TU of AUM from POLR this morning; the company is progressing well and also offers a very attractive dividend of around the 5% mark: happy to continue to hold and expect it has further to travel.

[diviincomesearch] 15/4/2021 09:08

The value rotation has balanced things up. The U.K. value fund is soft closed and up to £1.4bn in assets now.

The EM income fund is merging with the EM stars fund. The latter being growth/quality heavy but inflows have still been strong.

Will see what the future brings. So much consolidation in the industry- still a potential takeover target.

[stevenlondon3] 15/4/2021 08:46

Beginning of quarter 18990
Net sales 646
Closures/Aquisitions 1268
Performnace -41
End of quarter 20863
I think the contribution from market performance was negative in the quarter....reflecting performance of tech stocks.

[zho] 15/4/2021 07:14

Quarterly update

AUM £20.9 billion, up £2 billion (10%) from last quarter - £643 million of this is from net fund inflows, so £1,357 million from performance, equating to 7.2% for the quarter. Decent.

[quepassa] 19/3/2021 08:26

Does RCTurner still haunt this thread like a bad smell?

[diviincomesearch] 16/3/2021 13:11

£21.6bn middle of Feb. Wasn’t much different at the end of the month. The style rotation to value didn’t help too much. Performance fees which crystallise end of March on the technology trust are only about £4mn as opposed to 3x that a few months ago.

Still a cheap valuation as things stand, good dividends, lean company, no debt, lots of cash, in an acquisitive sector.

[rcturner2] 16/3/2021 12:38

Pushing close to all time high again. Anyone with any knowledge of AuM figures?

[diviincomesearch] 19/1/2021 14:36

Nice entry point for someone. Circa £100mn net cash.

Estimated P/E still floating around the 10 mark after netting off cash. 5% dividend yield. What’s not to like.

[diviincomesearch] 14/1/2021 14:39

Most of the AuM update is baked in with the factsheet and the spike we had last month.

I was expecting performance fees to be higher. Appreciate there is an incentive scheme for managers. I wonder if that is only the crystallised fees, as the Technology trust has almost 10p per share of performance fees that are uncrystallised and will remain so until 31st March shares in issue 137mn, so another £13.7mn in performance fees less costs.

EPS full year- something in the region of 60p?