Polar Capital Share Discussion Threads

[matt123d] 06/8/2014 15:33

I've covered a lot today, will hold the rest to see if the triangle can expand further.

[its the oxman] 06/8/2014 15:04

Got your 415p and breaking through 400p this afternoon.

[matt123d] 22/7/2014 19:26

Looking for 415p here.

[matt123d] 16/7/2014 19:03

Appears to be playing out here to the short side. Technically just walking down the triangle. Triangle needs to expand for greater downside momentum.

[its the oxman] 16/7/2014 18:55

Any holders with views on this at current level 445p.

[matt123d] 20/6/2014 07:15

What does a stock have to look like for it to go higher. A series of outside candles across all time frames, green month, week, day and 60. This shows that demand is greater than the supply and institutional buyers are in control. Just look at nearly any chart in this bull run. Now what does a chart have to look like for it to go lower, simple, the reverse of the above. Ie. this one.

[ramridge] 20/6/2014 06:45

Hi Matt
"Supply is present for all time frames and when they all align a fast move develops." Sounds like what my friendly astrologer would say :). Please can you elaborate.

[matt123d] 20/6/2014 01:17

Nothing suspicious about it. The supply/demand equilibrium was broken to the downside. Supply is present on all time frames and when they all align a fast move develops. Until the time frame continuity changes on the shortest time frame there is no knowing how much supply there is and how far price will fall.Tomorrow morning will give the next signal.

[interelational] 20/6/2014 00:35

Hi Matt,

Do you have any information about the company that would lead you to believe that the share price is going to go down?

I think that an 8% drop in a company's share price the day before results are due to be announced is suspicious.

[matt123d] 19/6/2014 23:46

Hi,Valuation metrics aside due to the fact they give no indication of future share price performance as they do not display supply/demand relationships on differing time frames. Currently displaying full time frame continuity to the downside. Red on the month, week, day and 60. Seeing more and more stocks like this and the most since the start of this current bull run.

[interelational] 19/6/2014 22:35

Hi Matt,

Why would you think that it is a 'major short candidate'?

Everything about it looks good to me - consensus estimates for tomorrows earnings put them on a PE of around 17 and consensus estimate for next years earnings put them on a PE of around 14 - both of which compare extremely favourably to their average PE over the last few years - in the 20's. In addition to which their is forecast to be a fantastic dividend.

But given the 8% drop in the share price today I am a bit suspicious that the results tomorrow are going to contain a nasty surprise... do you know what it is?

[matt123d] 19/6/2014 14:07

Major short candidate here. Reports tomorrow 20th.

[trytotakeiteasy] 08/5/2014 13:54

tech and healthcare seeing a sell-off... these guys may be hit surely??? withdrawls etc..

[4wingrove] 12/2/2014 22:01

Also bought in , recommended in this weeks Moneyweek and both fundamentals and technicals look good, also like the fact that the bosses hold a lot of shares

[philo124] 10/2/2014 09:19

Bought 1250. Good yield; have good funds.

[tommy ten chins] 03/2/2014 10:55

Ouch - whats this fall about? 550 down to below 500p.

[tommy ten chins] 10/12/2013 08:16

I hope so after such excellent results! I would like to buy more but POLR is a very high % of my portfolio. Currently 500p - bound to rise as its been stuck here for weeks.

[shammytime] 03/12/2013 08:58

Could see a sharp rise here this week...

[shammytime] 03/12/2013 08:58

Could see a sharp rise here this week...

[philo124] 17/10/2013 08:44

Canaccord TP raised to 550p this am.

[henryatkin] 03/10/2013 12:49

Three broker ratings:
hxxp://www.northforkvue.com/finance/9893/polar-capital-holdings-plc-receives-hold-rating-from-numis-securities-ltd-polr/

Polar Capital Holdings plc Receives "Hold" Rating from Numis Securities Ltd (POLR)
October 2nd, 2013 - 0 comments - Filed Under - by Robert Taylor
Polar Capital Holdings plc logoPolar Capital Holdings plc (LON:POLR)'s stock had its "hold" rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 462 ($7.45) price target on the stock. Numis Securities Ltd's price target points to a potential upside of 7.44% from the company's current price.

A number of other analysts have also recently weighed in on POLR. Analysts at Canaccord Genuity reiterated a "buy" rating on shares of Polar Capital Holdings plc (LON:POLR) in a research note to investors on Thursday, September 19th. They now have a GBX 475 ($7.66) price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Polar Capital Holdings plc (LON:POLR) from GBX 479 ($7.73) to GBX 502 ($8.10) in a research note to investors on Tuesday, September 17th. They now have a "buy" rating on the stock.

Shares of Polar Capital Holdings plc (LON:POLR) opened at 438.80 on Wednesday. Polar Capital Holdings plc has a one year low of GBX 190.00 and a one year high of GBX 440.00. The stock's 50-day moving average is GBX 418.4 and its 200-day moving average is GBX 370.7.

Polar Capital Holdings plc and its subsidiaries are engaged in providing research driven specialist investment management and offer a family of long-only, long-bias, equity long/ short and other fundamentally driven hedge fund strategies under the Polar Capital brand.

[peladon] 08/7/2013 17:51

Breakout. Half the buys in the last few minutes of trading.

[topvest] 02/7/2013 19:48

Yes, good investment trust launch. I believed in the proposition of this trust and bought some shares in the IPO. It's a similar strategy to the Healthcare trust and should do as well as that over the medium term absent a sustained recession.

[tommy ten chins] 02/7/2013 15:44

Thanks Henry, good article. Price seems to be ready for another rise after some sideways movement around the £4 ceiling.

[henryatkin] 23/6/2013 18:24

hxxp://www.morningstar.co.uk/uk/news/109344/an-investment-trust-that-really-puts-shareholders-first.aspx

An Investment Trust that Really Puts Shareholders First?

The imminent launch of Polar Capital Global Financials has caught our attention, and not just because of its investment remit

Jackie Beard, FCSI 21 June, 2013 | 12:19PM
We don't normally write about individual fund launches, but the imminent launch in the investment trust sector of a new fund has caught my attention and not just because of its investment remit. Polar Capital Global Financials has some features that make it more shareholder-friendly than we're used to seeing.

Firstly there is the structure of the performance fee. It has a hurdle rate, a high water mark and it will only be paid to the investment manager at the end of the trust's seven-year life. That means it won't erode gains unnecessarily during the fund's life by chipping away at them every year. It also discourages the investment managers from being overly focused on short-term gains and allows them to take a longer-term view. The management fee is calculated on the lower of the fund's net asset value (NAV) and market capitalisation. At 0.85% it compares very favourably with its peers, although the deferral of the performance fee to the end of the fund's life will distort the Ongoing Charges somewhat.

The seven-year fixed life is an interesting feature. The managers believe in 10-year market cycles and their view is that we're two years or so into the current cycle. No doubt as the end of the fund's life approaches, there will be discussions on whether to offer a rollover vehicle, but the fixed life helps with the management of the fund's discount, or at least that's Polar's view. Nonetheless, it should give some comfort to those who are a little sceptical of investment trusts and their potential for widening discounts as there will always be an endpoint in sight (May 2020).

The managers themselves are investing at launch, despite the fact they already run open-end financials funds and already have personal investments in the sector. They each bring a background in financials as well as public track records through which we can analyse their performance-a caveat here is that this is the first time they share the management responsibility of a fund. John Yakas has the greater experience as he has spent the majority of his 25-year career analysing financials; co-manager Nick Brind has a wider background, which includes the management of investment trusts while at Exeter Fund Management.

Then there's the fund's board of non-executive directors. Initially there will be just three members, of which two are female; that's the first fund board I've seen that has a female majority. Further, they will all be investing at least half of their annual salary into the fund each year for the first five years. A smaller-than-average board helps to keep a lid on costs, although it increases their workload. Each member has wide-ranging experience and, unusually, they are all under 60 years of age (just!). While some can argue a younger board is by definition less experienced, each of them has a background that is relevant to this fund's remit and they're not part of the investment trust 'old guard.'

But what about the opportunity set? The word 'financials' has been enough to send many into hiding in the last six years. The financials sector is about much more than banks, though. The Bloomberg World Financials index comprises banks, property, non-life insurance and life insurance, and these can be split further into sub-categories such as insurance broking, credit card issuers, exchanges, asset management and specialist lenders. It's fair to say that financials aren't top of most investors' buy-lists right now but I can see the logic behind Polar's belief that the next cycle is underway.

The decision on whether the time is right to buy into financials isn't mine to make but there's no doubt this fund has some shareholder-friendly qualities that make it stand out among peers.
- See more at: hxxp://www.morningstar.co.uk/uk/news/109344/an-investment-trust-that-really-puts-shareholders-first.aspx#sthash.sch6Vkg1.dpuf