Polar Capital Share Discussion Threads

[davethehorse] 23/2/2024 11:37

Based on the trading volume of the past 2 days would say its been a stage managed drop in share price to an agreed seller/buyer price, could be more to come...look out for late reported trades later. ...

[mpage] 23/2/2024 11:02

@galeforce1. Don't forget that, as a hybrid, M&G is a very different beast. A big slug of its dividend should be viewed in the same way that we view the dividends of Phoenix Group and Chesnara. M&G's div may not grow very much but I'd say it's a lot more stable/lot less vulnerable to open-ended outflows than the likes of POLR. (I hold all four.)

[mister md] 23/2/2024 09:49

In which case the shareprice will eventually recover and the dividend will be maintained, automatically resulting in a more normal % yield.

[riverman77] 23/2/2024 09:46

They have lots of cash and appear to be very committed to dividend, so think would only be cut if AUM continues to fall and doesn't recover for a couple of years. The opposite seems to be happening - AUM should be up nicely this year - so not too concerned on that front. You're right that active managers are under pressure given the rise of passives, although I think POLR have quite a distinctive niche and good long term performance, which should insulate them to a degree.

[galeforce1] 23/2/2024 09:34

Disappointing share price performance here, which maybe anticipates a cut in the current very generous dividend. But the AUM must be rising with the global rise in stocks. Also, POLR have some very useful niches in tech and healthcare. So I think there could be some upside here.
POLR seems to be caught in the market's negative view of the active asset management business generally. The market sees the whole sector as a value trap. M&G is also yielding about 9%.

[davethehorse] 23/2/2024 09:22

Have a feeling this is purely a technical drop, I'm not into TA but it feels like they want it here technically before it goes back up....dyor

[davethehorse] 23/2/2024 09:17

Bots having a field day here today....let them play...;-)

[davethehorse] 23/2/2024 08:55

The "market" does like the odd "flush out weak holders event" though as we know...yesterday afternoon felt like one of those....

[davethehorse] 23/2/2024 08:45

It's frustrating but will keep adding when funds allow, agree its hard to fathom at present...the 10 year yields need to go into reverse again though, that would help, they have been rising again of late...

[riverman77] 23/2/2024 08:33

Share price action completely out of whack with the rally in tech and healthcare (their 2 largest asset classes). PCT up 13% YTD, PCGH up 10%. Also reports that funds (with the exception of UK equity funds) are seeing good inflows this year. Yet POLR down 8%. I think this is a huge mispricng and been adding. Remember, POLR is operationally geared so every 1% increase in AUM should lead to at least a 2% rise in earnings.

[dickiehhh] 22/2/2024 19:23

All the Polar trusts have been doing very well of late - PCGH, PCFT, PCT - I'd be very surprised if Polar funds generally aren't attracting new investors

[davethehorse] 22/2/2024 19:17

This is on AIM remember....the trading today looks unusual for this stock but it appears the drop turned when that 80 odd k of shares were traded at around 15.33 Maybe it was walked down to accommodate it?

[mpage] 22/2/2024 17:48

About that director selling: Finance Director sold a small amount (6786 / £30k) which looks like it might just be some LTIPs that(p83 of 2022 AR)have a latest vesting date of 11 July 2024. Probably wants to make use of his CGT allowance before it halves again.

More curious is that the FD doesn't appear to hold many shares at all (page 84). Two non-execs hold more shares than the FD.

[boozey] 22/2/2024 17:00

Worrying drop there, Director selling, doesn't bode well. Let's hope we stay above 400p, my stop loss.

[diviincomesearch] 22/2/2024 16:38

Interesting late drop considering the tech trust is up more than 3.5% up. So will the tech fund, and AI fund in a similar state.

Appreciate there’s outflows in the U.K. value and European sectors but I would have thought there would be some positive momentum today.

[davethehorse] 22/2/2024 11:40

Everything blue today.....except this!!

[davethehorse] 22/2/2024 11:25

Maybe it's being held back from a reason....to allow a buyer in at a price....we will see...

[davethehorse] 22/2/2024 11:23

Typical AIM I assume...although happy to wait for the value to be realised eventually ...;-)

[davethehorse] 22/2/2024 11:21

Maybe but the "market" seems to be dropping the share price on any nervousness in the market but not allowing it to rise into good news or when the markets been reassured, as was the case last night in the US. Appears to be manipulated at will, by small auto bot trades, frustrating as it not volume related at all

[tag57] 22/2/2024 10:56

Maybe the market wants to see the evidence of the US tech valuations coming through to POLR’s AUM and P&L performance first before reinvesting?

[davethehorse] 22/2/2024 09:09

Yes this is very frustrating, should be on the move North...hopefully just lagging the market shorterm...

[mister md] 22/2/2024 08:34

I stuck with POLR for the dividend, but PCT would've been the better option (so far).

[riverman77] 21/2/2024 22:18

The key tech and healthcare funds been performing really strongly this year - AUM must be up by a decent amount this year. Surprised market not cottoned on to the this yet, but don't mind waiting.

[davethehorse] 21/2/2024 21:37

Should SURELY be a decent rise in POLR tomorrow morning....US tech flying after the cracking NVIDEA results...;-)

[davethehorse] 20/2/2024 10:52

Continues to be a waiting game here....value will out though....;-)