Polar Capital Share Discussion Threads

[mister md] 26/7/2024 11:47

Hello 600p.

[apad] 24/7/2024 16:37

Thanks riverman.
Tesla has been something to avoid for a long time - on a technical basis not an investment basis 😊
Wonder if reality is dawning.
apad

[mister md] 24/7/2024 15:44

Thats why I opted for PCT and not SMT a while back as the latter had lots of Tesla which I wanted to avoid. Should've held it a bit longer though ;-)
POLR on the other hand I'm keeping as a long term hold.

[riverman77] 24/7/2024 14:04

Pretty sure they don't hold Tesla in their funds, or certainly not a meaningful position. Top holdings in their main tech fund include Nvidia, Meta, Microsoft, Alphabet and Taiwan Semiconductor. They seem to focus on solid, sensibly priced companies and avoid the more bubbly names.

[apad] 24/7/2024 13:36

Tech sell off in US today, led by TESLA.
Is it possible to identify which of the 'Magnificent 7' Polar is biased towards?
apad

[diviincomesearch] 23/7/2024 13:12

Had a good recovery from April but no less than it deserved.

I’m not selling out due to 3 day hit to tech unless it’s borne out as a real rotation.

8% dividend stock and a high beta play with plenty of cash and steadied the ship on flows, happy to remain invested.

[davethehorse] 23/7/2024 09:49

Probably wise, it's had a great run off the back of US tech, other fund managers look more attractive imo shorter term

[riverman77] 22/7/2024 09:32

Taken profits here - very good company but I entered this as a trade earlier in the year as it was very obvious the share price was lagging the big rise in tech stocks. That trade has now largely played out - in fact surprised POLR not slipped back a bit given recent weakness in tech.

[davethehorse] 16/7/2024 14:15

Time to take profits here imo

[masurenguy] 12/7/2024 07:57

Peel Hunt reassured by Polar Capital

The latest quarterly update from Polar Capital has provided Peel Hunt with ‘cautious optimism’ that the asset manager is through the worst. Analyst Stuart Duncan reiterated his ‘buy’ recommendation and target price of 665p on the Citywire Elite Companies + rated stock, which rose 2.4% to 596p after a first-quarter assets under management (AUM) update. The stock has jumped 30% year-to-date.

AUM was up 7% in the first quarter to £23.5bn, with ‘encouraging flows’ in June with a ‘good allocation to a range of funds, notably emerging markets and Asian stars’. ‘The last quarter or two offer some cautious optimism that Polar Capital is through the worst,’ said Duncan. ‘Certainly, compared to peers, delivering positive inflows stands out and is a clear differentiator. In our view, Polar’s valuation remains attractive with the enterprise value/Ebit multiple standing at 8 times.’

[mister md] 11/7/2024 16:34

Mister MD
2 Jul '24 - 14:51 - 821 of 836 Edit
Might even cross 600p today ?


Apologies out by 9 days, but we finally got there ! Long term hold.

[diviincomesearch] 11/7/2024 12:05

No Goatman- the Polar Cap U.K. value fund has Crest Nicholson shares. Crest Nicholson is a house builder, not an investor in Polar Capital.

[goatman] 11/7/2024 11:43

Crest Nicholson has increased their holding again.

[nigelmoat] 11/7/2024 08:07

3 years ago the share price here was 900p plus.

[diviincomesearch] 11/7/2024 07:59

There’s a dearth of analysis on U.K. small caps.

AI fund has huge outperformance for the year so far on its benchmark, so you’re looking at £5mn-£9mn in performance fees from that fund alone for this calendar year(depending on the methodology they employ).

If the global technology fund ekes out performance ahead of benchmark this year then we will see some chunky performance fees just because the fund is enormous at over £5.5bn compared to sub £700 for the AI fund.

Hopefully we’ll get a bit more detail on that huge EM stars fund inflow in due course.

[nigelmoat] 11/7/2024 07:46

With that growth,future prospects and a current dividend yield of just shy of 8 percent I think there's a good chance of seeing a new high here.

[edmonda] 11/7/2024 07:43

"Strong start to FY25 with AUM up 7% in Q1"

AUM was up £1.6bn (+7%) over Q1 of FY25, from £21.9bn on 31 Mar 24 to £23.5bn on 30 Jun. Investment returns were strong over the quarter, contributing +£978m (+4.5%). Pleasingly, net flows continued to gain momentum, contributing +£644m, the second successive quarter of positive net flows (Q4 24: £+56m) - a marked turnaround from the net outflows which characterised calendar 2022 and 2023, when many investors rotated out of equities.

Our fundamental valuation remains 650p, with potential to tick up if AUM remains at or increases from current levels over the next quarter. Given its superior growth rate, niche strategic positioning, strong profit margins and strong balance sheet, we think Polar should trade at a substantial premium PER to most peers, but it does not and so we see potential for a re-rating.

Link to research:

[grahamg8] 11/7/2024 07:22

Broad based inflow of funds and expanding in USA sound good. Is it already in the price or will we see a step up in share price today?

[masurenguy] 11/7/2024 07:02

AuM Update

Polar Capital reports that as at 30 June 2024 its AuM was £23.5bn compared to £21.9bn at the end of March 2024, an increase of 7% over the quarter. In the quarter, AuM increased by net inflows of £0.6bn and a £1.0bn increase related to market movement and fund performance.

Gavin Rochussen, Chief Executive, commented: "There has been continued demand for a broad range of our funds during the quarter. Those in net inflows include the Emerging Market Stars (both the UCITS and Emerging Markets Stars 40 Act mutual funds), Asian Stars, Healthcare Opportunities, Global Insurance, Japan Value, Artificial Intelligence and UK Value Opportunities Funds, with combined net inflows of £944m across these funds in the quarter. Total AuM in the quarter increased by £1.6bn from £21.9bn to £23.5bn, a 7% increase. "The increase in AuM over the quarter of £1.6bn was the result of £644m of net inflows and £978m of fund performance and market movement."

[diviincomesearch] 08/7/2024 10:53

EM Stars team have onboarded a circa $700 million dollar mandate in June unless I’m missing something. Fund up to £2.1Bn.

[masurenguy] 06/7/2024 08:51

Q1 AUM due next Friday (12th).

[masurenguy] 04/7/2024 08:16

XD @32p today with payment due in 4 weeks time.

[masurenguy] 03/7/2024 06:52

Polar Capital upgraded to 'buy'

Polar Capital Holdings PLC (AIM:POLR) were given an upgrade by Deutsche Bank as the specialist asset manager shows "early signs of recovery". The rating was hiked from 'hold to 'buy' and the target price from 535p to 635p, compared to the last close price of 579p. Analyst David McCann said Polar's recent annual results "showed that momentum appeared to be turning more positive in the business, although we note that the drivers of this remain fragile". In the results, management articulated an ambition to get Polar to circa £30 billion of assets under management within three to five years, which the analyst think is "eminently achievable" given the mix of more mature funds and those with growth potential.

[mpage] 02/7/2024 22:56

What you say about McCann is largely true but you always knew where he was coming from and how to read between the lines. Eg 'paid to wait' = sell.