Polar Capital Share Discussion Threads

[masurenguy] 19/10/2022 07:45

Excluding the very brief COVID downspike in early 2020, the shareprice touched a five and a half year low last week. Could that have been the bottom having seen a 10% rise over the past 5 sessions?

[spectoacc] 13/10/2022 08:09

Yes you're right @RCT2, apologies. I assume the much-reduced fall was due to the weak £?

[rcturner2] 13/10/2022 08:06

Specto is that not the 6 month figure?

The quarterly figure is actually much better

"Polar Capital reports that as at 30 September 2022 its AuM were GBP18.8bn compared to GBP18.9bn at the end of the June quarter and GBP22.1bn at the end of March 2022."

[diviincomesearch] 13/10/2022 07:53

Asset managers are high beta stocks so get hit in a market downturn but the share price is pretty nuts at the moment.

Not far from Covid times but with 18bn AuM. Even with horrible market sentiment we must be on for EPS of 40-45p. Lots of cash on the books- at least £100mn, no debt, puts us on for P/E of around 7 at current prices assuming no recovery in asset prices by March.

Bargain.

[spectoacc] 13/10/2022 07:37

So from £22.1bn to £18.8bn in a qtr - but agreed, could be worse.

[grahamg8] 13/10/2022 07:35

Pleasant surprise. More fee income in the last 6 months than the whole of 2021.

[masurenguy] 13/10/2022 07:28

Group AuM (unaudited)

Polar Capital reports that as at 30 September 2022 its AuM were £18.8bn compared to £18.9bn at the end of the June quarter and £22.1bn at the end of March 2022. During the six-month period, AuM decreased by net redemptions of £0.8bn, outflows from previously reported fund closures of £0.5bn and a £2.0bn decrease related to market movement and fund performance.

[masurenguy] 07/10/2022 08:25

A rather crazy spread here this morning.

[mister md] 06/10/2022 15:34

Pleasantly surprised it's up so much today in a declining market ...

[mister md] 05/10/2022 14:22

Yes POLR and PCT both excellent value at these levels

[masurenguy] 04/10/2022 18:53

I added @414.9p this morning.

[danb45] 04/10/2022 15:33

thing is PCT is up today

[danb45] 04/10/2022 10:40

fair point

[fegger] 04/10/2022 10:39

always linked strongly to performance of tech stocks and they arent doing so well at moment

[danb45] 04/10/2022 10:37

any one any views why this isn't bouncing like everything else ?

[mister md] 27/9/2022 10:56

Increased my holding at 423p

Now let's see if they can maintain that dividend (currently 11% dividend yield) ...

[danb45] 23/9/2022 14:32

new yearly lows

[patient fox] 07/9/2022 18:43

option passed in agm to buy back shares,any holders have any more details on this?.

[riverman77] 01/8/2022 17:24

Tech stocks had a good month in July with PCT up around 16% in July - POLR should see decent uplift in AUM since the last announcement at end of June.

[spawny100] 29/7/2022 12:19

Iweb slow as ever. No dividend in yet. Will probably be next week.

[drdre] 29/7/2022 12:07

Reinvested mine, compounding, slow and steady does it.

[mister md] 29/7/2022 09:55

fat dividend received - nice

[diviincomesearch] 14/7/2022 22:10

Not too much in the way of performance fees to shout about for the year, although Polar Cap insurance- maybe 8mn gross in the outperformance for 2022 remains.

Average AuM for 2020/21 was 16.9bn earnings somewhere around 55p if no pick up from where we are? Big ask to retain the divi at 46p but even so, very good value.

It’s a high beta play on the markets but with big tilts in its favour (good resourced teams, big cash balance, performance fee potential). Looks like it’s worth adding to.

Stacks of companies that are at knockdown prices to buy, stick in the drawer and look at later when things recover.

[drdre] 14/7/2022 21:24

If they maintain the dividend at 46p, which they claimed they can accommodate and absorb in the recent presentation, now yielding over 10%. That along with the mix of funds, demonstrable management agility and potential capital growth on top compelled me to add further today.