Polar Capital Technology Share Discussion Threads

[steve3sandal] 02/4/2022 13:43

Portfolio is substantially mega cap liquid market leaders with net cash on balance sheets and embedded in most peoples lives. To buy with a 12% discount looks like a gift horse. I've bought a dozen times between £28 and £20 unfortunately in that order. One day I will be right, just gotta do the waiting bit now. GLA.

[steeplejack] 01/4/2022 13:12

Currently trading at 12% discount to NAV

[chillpill] 10/2/2022 06:47

PCT, although a bit of an index tracker, has done pretty well to be underweight FB and the Cathie Wood tech stocks over the past year. Don’t think it deserves the discount it does. Especially as fund holders can sell and buy the discount.

[uhound] 21/1/2022 14:11

I do think there's some difference with the dot.com boom and now.

During the dot.com boom companies not making profits were being valued at silly prices on the thinking they would become the next Amazon or whatever and people got caught up in the hype. (FOMO)

Having said that, there are tech companies that are way over valued now (is Tesla tech?).

However, in my opinion many of the large tech companies will continue to grow and justify their valuations. Look at Amazon, Microsoft, Google, semi-conductors, etc., they have grown into what looked like silly valuations 10 years ago.

A sensible Tech focued fund long term should do OK. Maybe this current correction has further to go, but who knows?

[prokartace] 21/1/2022 11:56

I am afraid that I will not be joining in during what amounts to only a small correction from the peak in tech companies. Everyone has a very short memory of what happened in the dot.com boom of 1998- 2000. After increases in valuation similar to those that we have now the tech market collapsed with valuations falling between 90-95%.
There is a very good Tech company valuation system which basically uses a Valuation per employee (VPE) which basically shows how much valuations have grown in relation to employee growth. In 2018 VPE ranged between $1mil to $4mil. The most recent survey in Sept 2021 showed a VPE of $10 mil. History shows that real values of companies are very closely connected to number of employees and therefore the tech market is grossly overvalued and will fall substantially from these levels

[jeffian] 21/1/2022 10:49

As a relatively recent investor, I've just added on this morning's fall as well. As an old fogey, I am extremely unknowledgeable about 'tech' and felt that that glaring omission from my portfolio would best be resolved by letting a fund choose for me and, as Uhound says, PCT seems to cover all the big names and more. I don't know if this is the right time to be entering but as I 'buy and hold', short term movements do not bother me.

[uhound] 20/1/2022 11:10

Added here for the first time

The holdings in the trust are always going to be top of the tree companies and tech will never go out of fashion!

Hopefully a good entry point, but will buy more if falls further.

[steeplejack] 21/12/2021 11:04

Tempus recommends Polar today.

[arja] 17/12/2021 12:43

wow , a quid fall in NAV announced today and likely to be less on monday unless
nasdaq index improves a lot later today !

[arja] 17/12/2021 09:14

no reason to buy just because of a discount to NAV as that can widen if market starting to look bearish and nasdaq futures on the skids again today

[steeplejack] 16/12/2021 09:03

Questor recommends "buy" drawing attention to 8% discount

[deuchar] 23/11/2021 15:50

big discount might be worth adding

[arja] 23/11/2021 09:37

weaker pound too will help the NAV .

[arja] 23/11/2021 09:37

PCT pulled back and tempted to buy when and if nasdaq looks like it will recover after
the sharp dip , hopefully later todsy .

[arja] 22/11/2021 13:43

SMT is a special beast steeplejack but has traded at a discount at times . PCT has outperformed in last week , ATT too trades at a very small discount to NAV . I think PCT is not based solely on US nasdaq index and might be one reason for the discount

[steeplejack] 22/11/2021 10:05

I'm at a loss to know quite why an investment trust that gives exposure to the in vogue US tech sector should suffer such a discount.Afterall,SMT trades at a premium.Marketing must be a partial explanation.

[arja] 19/11/2021 09:54

cable weaker today which will be helpful for PCT although falling bond yields is a negative

[arja] 19/11/2021 09:24

NOR situation now and will be interesting to see today's NAV figure .

[arja] 15/11/2021 11:40

nasdaq pic ked up in afternoon on friday and PCT responded well. It is a NOR situation over 2690 and a fair chance that the NAV will increase a bit today but slightly stronger pound will not help .

[vas007] 12/11/2021 14:57

Pls keep up the updates.luckly I got some 4weeks ago and landed sunny side up . Don't know where the resistance is going to be. But hopping to hold long .