Polar Capital Share Discussion Threads

[riverman77] 19/5/2023 09:54

Worth noting that Polar's tech and healthcare trusts (PCT and PCGH) both up strongly since last AUM update at end of March. Would imagine their funds would have seen similar increases although not checked. Given that tech and healthcare makes up a significant chunk of Polar's AUM, we should hopefully see a decent uplift in AUM at the next udpate.

[melloteam] 17/5/2023 12:53

Just to let shareholders and prospective investors know that Polar Capital will be presenting & exhibiting on the 23rd of May next week at Mello2023.

We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[mister md] 15/5/2023 14:05

One of my largest holdings so not complaining

[brucie5] 15/5/2023 14:03

Must have been the sound of me adding.
Or not.
;)

[mister md] 15/5/2023 13:34

+ 4 % outperforming the market today ...

[masurenguy] 05/5/2023 08:35

Large spread here at the moment with Buyers paying 489.5p and Sellers 471.7p

[brucie5] 01/5/2023 13:23

diviincomesearch1 May '23 - 13:21 - 444 of 445
0 0 0
Bit more of an AuM split than there used to be.

Biotech,EM, health and global insurance provide a good slug of Polar.
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Just seen your post, diviincome, thanks: - to which, yes, but can you quantify that?

[brucie5] 01/5/2023 13:22

Thanks Ken, but my question is really as to how much of a proxy this can be considered to be for tech in general and the NAS in particular - two related aspects, which I've just tended to assume are at least significant parts of the POLR recovery story.

[diviincomesearch] 01/5/2023 13:21

Bit more of an AuM split than there used to be.

Biotech,EM, health and global insurance provide a good slug of Polar.

Tech still is a key component and until sentiment swings to ‘risk-on’; growth assets, I think Polar’s share price will tread water along. Still pays a good divi, and is asset light, so less to contend with in terms of inflationary etc aside from wages.

[kenmitch] 01/5/2023 12:46

Here’s the list of Polar’s Unit Trusts. If the link doesn’t work just go to Trustnet website and key in Polar.

[mister md] 01/5/2023 12:14

ASHM is the only one of those I don't yet own but looks good value so may buy a few

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EDIT: Reading through the ASHM thread it seems extremely high risk so will avoid !

[brucie5] 01/5/2023 10:37

That's a good question, Mister MD, so let me know when you find out. But I have a hunch that it's not a bad way of gaining exposure to the NAS while taking advantage of the rock bottom UK financial sector income stock.
Likewise ASHM for emerging markets.
And CLIG (ITs) and M&G (funds) for money flows in/out of market atm.

[mister md] 28/4/2023 17:52

I like the investments held by Polar Capital Technology (PCT) but is it worth buying that separately or is the value included here in POLR ? The big dividends are paid out by this one too...
Most of AuM are in Technology funds here, right ?

[masurenguy] 17/4/2023 08:14

Big firms a lot more confident about the future

Confidence among finance chiefs at the UK's biggest companies has seen its sharpest rise since 2020. The Deloitte survey of chief financial officers showed sentiment rebounded as their concerns about energy prices and Brexit problems eased. There were 25% more chief financial officers feeling better about the future than worse, compared to 17% more feeling the opposite three months ago. Not since the Covid vaccine rollout has there been such a swing in confidence.

Ian Stewart, chief economist at Deloitte, attributed the bounce back to improvements on several fronts at once. "Since the beginning of the year, energy prices have fallen, inflation looks to have peaked, relations with the EU have improved since the Windsor framework and there has been a period of comparative political calm after the turmoil of last year."

The survey was conducted from 21 March to 3 April, which was in the aftermath of the collapse of Silicon Valley Bank in the US and the forced merger of Credit Suisse with UBS.

[boozey] 14/4/2023 12:12

POLR announcement yesterday contrasts with premier miton's lacklustre announcement today

[brucie5] 14/4/2023 10:20

Thanks so much, MJ. Curiously, POLR, which I hold for divs + upside was among a list of potential multi-baggers by one of the feature writers on Stocko - along with LUCE. I don't remember off hand the mechanism he used to screen, but I dare say you read it?

[melton john] 14/4/2023 09:15

Hi Brucie, this was posted yesterday, apologies. Early morning brain fade.

[melton john] 14/4/2023 09:08

Polar’s final quarter of FY23 (to 31 Mar 23) was a strong one, with AUM up by £0.75bn (+4%) to £19.2bn, driven mostly by an investment performance contribution of +£1.2bn (+6% of opening AUM). Net flows of -£410m were recorded but these were almost all down to profit taking from the Global Insurance fund (-£373m) which has delivered significant outperformance.

Year-end AUM has exceeded our previous forecast of £18.3bn. While the Q4 uptick in AUM doesn’t have a big impact on our FY23 financial forecasts, it does bump up our FY24 forecasts and our fundamental valuation increases to 625p, 36% above the current share price. Polar’s PER of 9.1 is also 40% below the 15.2 median of a UK-listed asset manager peer group.

A3 page pdf at the link I posted, recommended read.

[brucie5] 14/4/2023 08:59

MJ, can you summarise?

[melton john] 14/4/2023 08:58

Equity Developments make a good investment case for POLR, my second purchase in the last 2 weeks as it looks like the headwind has shifted around. 10% yield on share price of 460p well covered by cash.
www.equitydevelopment.co.uk/research/aum-up-4-in-strong-q4-inflows-for-many-strategies

[melton john] 13/4/2023 15:14

There was a clue last october which way it was going. £1M got my attention and marked the bottom.

[mister md] 13/4/2023 14:07

Yes good to see this recover at long last

[boozey] 13/4/2023 11:18

Let's hope for a good recovery moving forwards.

[edmonda] 13/4/2023 09:27

"AUM up 4% in strong Q4, inflows for many strategies" (new note with audio summary from Equity Development)

Polar’s final quarter of FY23 (to 31 Mar 23) was a strong one, with AUM up by £0.75bn (+4%) to £19.2bn, driven mostly by an investment performance contribution of +£1.2bn (+6% of opening AUM). Net flows of -£410m were recorded but these were almost all down to profit taking from the Global Insurance fund (-£373m) which has delivered significant outperformance.

Year-end AUM has exceeded our previous forecast of £18.3bn. While the Q4 uptick in AUM doesn’t have a big impact on our FY23 financial forecasts, it does bump up our FY24 forecasts and our fundamental valuation increases to 625p, 36% above the current share price. Polar’s PER of 9.1 is also 40% below the 15.2 median of a UK-listed asset manager peer group.

[masurenguy] 13/4/2023 07:05

Polar Capital reports that as at 31 March 2023 its AuM were £19.2bn compared to £18.5bn in the previous quarter, an increase of 4% over the quarter, and £22.1bn at the end of March 2022, a decrease of 13% over the financial year. During the financial year, AuM decreased by net redemptions of £1.5bn, outflows from fund closures of £0.5bn and a £0.9bn decrease related to market movement and fund performance.