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Share Name Share Symbol Market Type Share ISIN Share Description
Polar Capital Global Financials Trust Plc LSE:PCFT London Ordinary Share GB00B9XQT119 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 1.58% 161.00 159.50 160.50 162.00 159.00 162.00 987,314 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.3 5.3 3.0 53.5 253

Polar Capital Global Fin... Share Discussion Threads

Showing 51 to 74 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
20/1/2021
11:10
hTTps://www.investegate.co.uk/polar-capital-global--pcft-/rns/circ-re--disapplication-of-pre-emption-rights/202101140700086230L/ Further to the announcement made on 18 December 2020, Polar Capital Global Financials Trust plc (the "Company") announces that it has today published a circular (the "Circular") convening a General Meeting to be held as a closed meeting at 11.00am on Monday, 1 February 2021 to put forward a resolution to approve the proposal to disapply the pre-emption rights in respect of the 70,375,000* ordinary shares in treasury ("Existing Treasury Shares"). Following completion of the tender offer to shareholders on 29 April 2020, the Company bought back 79,159,235 ordinary shares into treasury with a view to re-issuing such treasury shares subject to investor demand and market conditions. The Company notes a significant increase in interest in the financial sector since November 2020, which has resulted in a sharp jump in the share prices of financial stocks globally. As a result, there has been a greater interest in the Company's ordinary shares, which have traded at or around a small premium to the NAV per ordinary share since 27 November 2020. The Board is therefore seeking authority to re-issue all of the Existing Treasury Shares, should the Company choose to do so, without being required to comply with the pre-emption rights in the Companies Act 2006. In connection with this, the shareholder circular, including the notice of the General Meeting and the proxy form for the General Meeting, have been posted to shareholders today.
peterbill
11/9/2020
11:48
Do you have one with better spread pls?
action
19/6/2020
13:51
This always has a really bad spread, not sure how polar get away with it, had 45k invested but moving to another similar that maintains better spreads.
porsche1945
01/5/2020
21:41
Gopher. I too am a holder but I was unaware of the tender offer. Did you receive notification from your broker? Thanks.
cousin jack
22/4/2020
21:44
I took up the offer as Trust likely to fall to a discount afterwards
gopher
21/3/2020
13:33
7. The Tender Offer 7.1 General The Company is proposing a Tender Offer to be made for up to 100 per cent. of the Shares in issue on the Tender Offer Record Date (excluding treasury Shares) at the Tender Price to enable those Shareholders who wish to realise their investment in the Company to do so (in whole or in part). The Tender Offer is conditional on the Continuation Conditions. The Tender Price will be determined as at the Calculation Date, which is expected to be 24 April 2020. As at 10 March 2020 (being the latest practicable date before publication of this Circular), the Tender Price would have been 117.59 pence (rounded to two decimal places) as at that date based on 99.0 per cent. of the opening NAV which assumes the maximum capped expenses of 1 per cent. have been applied. As at the close of business on 10 March 2020 (being the latest practicable date before the publication of this Circular), the mid-market price of the Shares on the London Stock Exchange was 112.50 pence and the most recently announced NAV per Share was 118.78 pence (rounded to two decimal places). Accordingly, the Tender Price would have represented a premium of 4.52 per cent. to the mid-market price on such date. Qualifying Shareholders on the Register on the Tender Offer Record Date may tender some or all of their Shares for purchase by Investec Bank. All successfully tendered Shares will be purchased at the Tender Price. The Company will then, in turn, acquire these Shares from Investec Bank at the Tender 10 Price, in accordance with the terms of the Repurchase Agreement, and the relevant Shares will be placed in treasury for reissue into the market should the Shares trade at a premium in future. Paragraph 1.1 of Part VI of this Circular contains further details on the Repurchase Agreement.
peterbill
12/2/2020
15:36
More on the future of PCFT hTTps://www.investegate.co.uk/polar-capital-global--pcft-/rns/future-of-the-company/202002060700041177C/
peterbill
12/2/2020
14:29
Polar Capital Global Financials Trust is proposing to change the company’s structure and is giving all shareholders the chance to sell their shares through a tender offer if they do not wish to continue to hold shares in the company. The tender offer will provide you with the choice to sell their shares to the Company at a fixed price with no dealing charges. To view the announcement, including details of the proposed structural changes, please copy and paste the following link into your web browser: hTTps://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PCFT/14412679.html
peterbill
18/11/2019
10:55
Polar Capital Global Financials Trust (LON:PCFT) presentation at Mello London November 2019 by Nick Brind, Fund Manager. Highly informative overview of banks and the financial sector, presenting why the time is right to invest in the sector ... and why Polar Capital Global Financials Trust (LON:PCFT) might be a good vehicle. Https://www.piworld.co.uk/2019/11/18/polar-capital-global-financials-trust-pcft-at-mello-november-2019/
tomps2
15/8/2017
11:31
HTtps://markets.ft.com/data/announce/detail?dockey=1323-13317629-21TSJ95TEQ2PM7P0E88T22OH86 Presumably we get about 15p per subs share?
davebowler
14/8/2017
18:22
The market knew the dilution effect of subs being exercised in advance as it was in the fully diluted NAV figure. The higher of the two figures was if subs were not exercised.
kenmitch
14/8/2017
14:48
the 5.6m were the rump where investors did nothing and the trustee takes charge to force a conversion. these would be placed in the market accordingly. in short, the warrants have caused a bit of anxiety around the impact on nav. now there is clarity and investors are keen on banks, we should see the discount tighten further from here imo.
edwardt
08/8/2017
14:48
This seems to be taking off ... probably something to do with the conversion of the subscription shares. As at close of business on 7(th) August 2017 the unaudited net asset value, calculated in accordance with the guidelines of the Association of Investment Companies, was 145.86p (cum income). The undiluted NAV of the ordinary shares includes the effect of the conversion of 24,952,723 subscription shares at 115p per share, further information available on RNS 6413M. The share capital of the company following such conversion comprises 197,127,723 ordinary shares and 5,647,277 subscription shares. Not sure why there are still 5.6M sub shares left ... Thought the trustees were converting the lot?
peterbill
11/7/2017
09:47
On 7(th) July 2017 the unaudited net asset value per ordinary share, calculated in accordance with the guidelines of the Association of Investment Companies, was 150.18p (cum income)
davebowler
05/7/2017
17:51
Peter you have a point. If you track rise in 10 yr us treasuries with the nav here it is almost perfectly correlated. In essence, in my humble opinion this trust should trade at a premium not a 10 discount but what the hell, I can wait till the board give me money back at nav in 2.5 years. at that point us 10 year should near 4 % and this trust 33% higher. go figure as the yanks would say.
edwardt
27/6/2017
21:21
You would have thought that after the FED put up interest rates, that the banks would do well ... ?
peterbill
10/4/2017
13:12
7th April 2017 the unaudited net asset value per ordinary share, calculated in accordance with the guidelines of the Association of Investment Companies, was 143.35p (cum income).
davebowler
29/3/2017
14:34
I've sold my subscription shares at twice what I paid for them. Will keep all the ordinary shares.
topvest
22/3/2017
21:15
Bit of a pull back today with banking stocks retreating.
topvest
21/3/2017
15:45
As at the close of business on 20(th) March 2017 the unaudited net asset value per ordinary share, calculated in accordance with the guidelines of the Association of Investment Companies, was 145.45p (cum income).
davebowler
16/3/2017
19:24
Yes, doing well. I'm hoping the discount closes in the next few weeks so that the warrants explode before expiry.
topvest
15/3/2017
19:08
ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 30 NOVEMBER 2016 Http://www.investegate.co.uk/polar-capital-global--pcft-/rns/final-results/201703100700070796Z/
peterbill
02/3/2017
14:15
Net Asset Value Undiluted As at the close of business on 1(st) March 2017 the unaudited net asset value per ordinary share, calculated in accordance with the guidelines of the Association of Investment Companies, was 145.33p (cum income). Diluted As at close of business on 1(st) March 2017 the unaudited net asset value, calculated in accordance with the guidelines of the Association of Investment Companies, was 140.75p (cum income). Seems like a big discount to the current share price of 131.4p
peterbill
16/1/2017
18:14
Recent climb in share price with volume ....
peterbill
Chat Pages: 3  2  1
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