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 Shares Traded Last Trade
  1.50 0.86% 175.00 1,169,884 16:06:28
Bid Price Offer Price High Price Low Price Open Price
174.50 175.00 175.00 174.00 174.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.30 5.32 3.01 58.1 319
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:21 O 306,200 175.00 GBX

Polar Capital Global Fin... (PCFT) Latest News (2)

More Polar Capital Global Fin... News
Polar Capital Global Fin... Investors    Polar Capital Global Fin... Takeover Rumours

Polar Capital Global Fin... (PCFT) Discussions and Chat

Polar Capital Global Fin... Forums and Chat

Date Time Title Posts
17/8/202117:47Polar Capital Global Financials Trust PLC - a new financials investment trust79

Add a New Thread

Polar Capital Global Fin... (PCFT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-10-15 16:15:00175.00306,200535,850.00O
2021-10-15 16:15:00174.95104,901183,524.30O
2021-10-15 16:15:00174.85246,300430,655.55O
2021-10-15 15:57:53174.8739,88469,745.23O
2021-10-15 15:35:21175.007,10612,435.50UT
View all Polar Capital Global Fin... trades in real-time

Polar Capital Global Fin... (PCFT) Top Chat Posts

Polar Capital Global Fin... Daily Update: Polar Capital Global Financials Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker PCFT. The last closing price for Polar Capital Global Fin... was 173.50p.
Polar Capital Global Financials Trust Plc has a 4 week average price of 159p and a 12 week average price of 159p.
The 1 year high share price is 175p while the 1 year low share price is currently 104.50p.
There are currently 182,225,000 shares in issue and the average daily traded volume is 629,659 shares. The market capitalisation of Polar Capital Global Financials Trust Plc is £318,893,750.
zzaxx99: Conversion rate has been announced "On the basis of the Conversion Ratio, a holder of 1,000 C Shares will receive 627 new Ordinary Shares upon Conversion" http://uk.advfn.com/stock-market/london/polar-capital-global-fin-PCFT/share-news/Polar-Capital-Global-Financials-Tst-Conversion-of/85803607 Should convert on Friday 13th Makes the effective purchase price of PCFT as £1.59, which isn't much of a bargain.
mach100: August the 5th is the conversion date, the day aftet they go x divi. Price of C shares should move up as we approach conversion if PCFT hold up of course.
zzaxx99: Summary: raised £122m, new shares start trading on Monday 21st http://uk.advfn.com/stock-market/london/polar-capital-global-fin-PCFT/share-news/Polar-Capital-Global-Financials-Tst-Result-of-Equi/85383884
pmkeogan: I don't think there's any "discount" value here, as the C shares will convert to Ordinary shares but not on a 1-1 basis but on a C share NAV to Old share NAV basis ? please correct me if I'm wrong though I don't want to leave any value on the table !
graysland1: Am I missing something here because I cant see this as being of any real benefit to us retail investors. Firstly in the RNS 3060Y announcement of 12th May "PCFT doc re Issue of C shares under 3.Benefits of Proposal it says "The issue of C shares will not be dilutive on the NAV of ordinary shares. So the position and value of our existing holdings should not change? Secondly the prospectus states p37 that the initial expected NAV for the C shares will be 98.5p. Elsewhere it says these C share funds and assets acquired from these proceeds will be accounted for and managed separately until the conversion date. These are then converted by reference to their relative NAVS. In an attempt to simply the Conversion Formula can we for purpose of illustration say if the NAVS of the C shares and the Ordinary shares do not change we will simply get 98.5/1.65 about .6 of a newly converted ordinary share. We are starting here at 1.5% loss but will the 2 NAVs really move in sync. The ordinary shares are already fully in the market. If the market continues to move up the as yet un-invested proceeds of the C shares proceeds at least in part seem unlikely to match the ordinary shares NAV at conversion. So we may get even less than .6 at conversion? Dont forget that we would also be foregoing half or more of the years dividend thats another 1.3% lost. But lastly with up to 500 million news shares in prospect to be issued will the shares soon fall to a discount anyway perhaps more than the average of last year of 5%. With all these issues and unknowns why not buy more shares if you want them at your own timing and control after all many think a correction in markets especially in the U.S may be due .
peterbill: The Ordinary Shares are registered with ISIN GB00B9XQT119, and the Ordinary Shares are traded under the ticker symbol PCFT. The Issue Shares are registered with ISIN GB00BNG2HN26, and the Issue Shares will be traded under the ticker symbol PCFC. Each class of C Shares issued pursuant to a Subsequent Placing made throughout the Placing Programme will have separate ISINs and ticker symbols issued. The announcement of each issue of C Shares will contain details of the relevant ISIN and ticker symbol for such class of C Shares being issued.
galeforce1: Is there a follower of PCFT out there who can advise on whether or not to take up this subscription offer, closing on June 10th. It's quite a big discount (£1.00 vs current prices around £1.65), so I'm tempted and I don't want to be diluted. But it means a big re-organisation as I hold these in my ISA where I don't have much cash. There must be about 200m shares in issue, so if there is a 75% take-up, the trust will increase to a NAV around £450m, which is good. Bigger trusts attract more institutional money.
peterbill: Looks like dividends will not be the same for the C shares .... from the document, page 7 ... If they need to raise capital, I wonder why they did not just do a rights issue? Dividends Subject to the provisions of the Act and the Articles, the Company may by ordinary resolution declare dividends. No dividend shall exceed the amount recommended by the Board. Subject to the provisions of the Act and the Articles, the Directors may pay interim dividends, or dividends payable at a fixed rate, if it appears to them that such dividends are justified by the profits of the Company available for distribution. Subject to the provisions of the Act and the Articles, all dividends shall be declared and paid according to the amounts paid up on the Shares on which the dividend is paid. If any Share is issued on terms that it ranks for dividend as at a particular date, it shall rank for dividend accordingly. In any other case, dividends shall be apportioned and paid proportionately to the amount paid up on the Shares during any portion(s) of the period in respect of which the dividend is paid. Holders of any class of C Shares will not be entitled to receive such dividends as the Directors may resolve to pay to holders of Ordinary Shares. Notwithstanding any other provision of the Articles, but without prejudice to the rights attached to any Shares, the Company may fix a date and time as the record date by reference to which a dividend will be declared or paid or a distribution, or allotment or issue of Shares, made. No dividend or other money payable in respect of a Share shall bear interest against the Company, unless otherwise provided by the rights attached to the Share.
peterbill: Polar Capital Global Financials has announced details of an open offer. Your account will be credited with a number of entitlements which can be exercised at a fixed price, with no dealing charges, to receive additional shares in the company. Your account will be credited with 1 basic entitlement share for every ordinary share you hold as of the ex-entitlement date, 12 May 2021. These entitlement shares are expected to be credited to your account on or around 14 May 2021 and this will form your basic entitlement, which will not be subject to scaling back. You will also be credited with excess entitlement shares which will allow you to apply for shares in excess of your basic entitlement, but excess applications are subject to scaling back. Each entitlement share can be exercised at a price of GBP1.00 in order for you to receive 1 new ordinary C share. To view the announcement in full, please copy and paste the following link into your web browser: hTTps://data.fca.org.uk/artefacts/NSM/Portal/NI-000025606/NI-000025606.pdf
peterbill: 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.
Polar Capital Global Fin... share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Polar Capi..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211016 03:46:19