Polar Capital Share Discussion Threads

[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?

[lomax99] 14/1/2021 10:16

Added a few.

[riverman77] 14/1/2021 09:38

Still chance to get in before market wakes up to this superb update. Liontrust shot up yesterday, and these results are at least as good as those (POLR also a lot cheaper and in my view has better funds, so I know where I'd put my money right now).

[lomax99] 14/1/2021 09:04

There is often a delayed reaction here, patience.

[nerja] 14/1/2021 09:01

Thought this would be off to the races after that update!

[rcturner2] 14/1/2021 07:20

That is a fking awesome update.

[zho] 14/1/2021 07:16

AUM quarterly update: Net inflows of £556 million in Q3, £1.4 billion in first 3 quarters AUM of £18.9 billion, up 15% in Q3, up 55% in first 3 quarters

[diviincomesearch] 12/1/2021 13:00

Not really sure why this went down today. AuM factsheets all positive, and most importantly the performance fees have crystallised for the open ended funds. I’m not sure how exactly they calculated the performance fee as the AuM changes obviously from month to month. But Biotechnology with over £900mn in the fund delivered healthy outperformance of 14% on the benchmark. Smaller Automation and Artificial Intelligence fund over 20%. The giant technology fund also double digit outperformance. Given the performance fees are 10% on the benchmark outperformance should be some healthy profit for this year! EM stars fund also gaining traction with its AuM now.

[lomax99] 12/1/2021 10:25

Patience, the next challenge will be £8.00!

[actybod] 12/1/2021 10:11

700 is stubborn!

[diviincomesearch] 05/1/2021 19:11

Yes, just their biotech fund I imagine. Not going the affect the company itself tangibly though.

[actybod] 05/1/2021 18:52

Upped stake in SNG

[robow] 18/12/2020 14:52

thanks Tamzim. Have really enjoyed your interviews

[tomps2] 18/12/2020 11:48

Polar Capital #POLR: Richard Leonard's 'what went well in 2020', in the piworld 2020 round up interview. He still holds and is rather bullish. Video: hxxps://www.piworld.co.uk/2020/12/18/piworld-2020-round-up-of-the-year-richard-leonard/ Podcast: hxxps://www.piworld.co.uk/podcasts/

[zho] 18/12/2020 11:34

PIWorld are asking some of their interviewees how they've done during the year. Richard Leonard talks about POLR from 5:12 https://www.piworld.co.uk/2020/12/18/piworld-2020-round-up-of-the-year-richard-leonard/

[diviincomesearch] 17/12/2020 17:40

Yeah! Considering it went ex-div today- More than 2.8million shares traded. I’m always a bit puzzled why this company doesn’t feature on many/if any U.K. fund manager top ten holdings. Oodles of cash- a consolidating sector- chance of being taken over always possible. A genuinely differentiated offering to a lot of run of the mill investment houses, which has helped them keep that higher fund charge figure for their funds. I guess there’s a risk if could be competed downwards (North America fund chopped ongoing charges and still bleeds assets as a more balanced/less growth orientated fund underperformed the market. Europe and EM were the two real aspects missing in great scale to the business to balance it up. With EM stars building and this acquisition today it provides some balance. The valuation still seems fairly undemanding in this and across the sector (Liontrust is reasonably priced, has done well in buying in teams- aside from Neptune which has been in decline across a lot of its funds for some time, with all that Robin Geffen baggage). We have a lot more cash on the sidelines however, so no need to dilute shareholders to fund bolt-on deals like this which makes things easier. Here’s to a strong finish to 2020 to crystallise those performance fees.

[lomax99] 17/12/2020 17:02

Nice close!

[diviincomesearch] 17/12/2020 08:32

Looks like a decent bolt on with some European Growth exposure. I guess we’ll likely fold up the other funds into our existing funds- Asia opps etc at 5mn- we have that already. Seems pretty cheap AuM wise as long as we can hold onto the assets.

[rcturner2] 17/12/2020 07:59

Looks like a decent acquisition.

[zho] 17/12/2020 07:30

Earnings enhancing acquisition will increase AUM by £1.24 billion, roughly 7% of current AUM. Shares go ex dividend today - 9p.

[zho] 10/12/2020 08:32

>>I just tot up the figures each time- from the October to November factsheets>> Ah ... I should have guessed. Thank you.

[diviincomesearch] 10/12/2020 08:27

Hi Zho- I just tot up the figures each time- from the October to November factsheets, or else go on the teams section. There’s only about 8 funds where the AuM moves around substantially.

[zho] 10/12/2020 07:31

>>Just go on the company factsheet S for November on their website- latest AuM is there.>> Thank you. I've had a look but I can only see fact sheets for individual funds. Could you post a link? Thanks.

[davidosh] 10/12/2020 01:06

Just to mention that the Xmas special MelloMonday BASH will feature Polar Capital on the 14th December and I think shareholders and potential investors will appreciate the analysis. There is also an interview with Keith Ashworth Lord who is a highly respected fund manager and well worth listening to. The Mello Monday event starts at 6pm The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets. https://melloevents.com/mellomonday-14th-dec/ All investors welcome and if you use the code MMTADVFN50 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular.