Share Name Share Symbol Market Type Share ISIN Share Description
Polar Capital Global Financials Trust 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
  +0.00p +0.00% 141.50p 140.00p 141.50p 141.50p 140.00p 140.25p 198,179 16:04:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 8.9 8.1 4.2 34.0 286.93

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Date Time Title Posts
15/8/201710:31Polar Capital Global Financials Trust PLC - a new financials investment trust48

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DateSubject
16/12/2017
08:20
Polar Capital Global Financials Daily Update: Polar Capital Global Financials Trust is listed in the Aerospace & Defence sector of the London Stock Exchange with ticker PCFT. The last closing price for Polar Capital Global Financials was 141.50p.
Polar Capital Global Financials Trust has a 4 week average price of 136.50p and a 12 week average price of 130.50p.
The 1 year high share price is 141.50p while the 1 year low share price is currently 126p.
There are currently 202,775,000 shares in issue and the average daily traded volume is 151,902 shares. The market capitalisation of Polar Capital Global Financials Trust is £286,926,625.
02/3/2017
14:15
peterbill: 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
09/1/2017
14:46
kenmitch: Have also posted this on PCFS and "the warrant thread" but likely to be very few readers on any of them to take advantage of likely further gains for PCFS! PCFS are now exceptionally cheap and that's despite a 250000 buy at just 12.2p today. Share is currently 130.25p to sell, so PCFS is worth 15.25p. So 12.2p is a real bargain. Guess that PCFS will now stay at a discount but until close to expiry it surely won't get much wider? 150p for the share looks a reasonable target if banks continue to rally on Trump infrastructure and other spending hopes and the increased chance of higher interest rates as a result, which are good for bank margins. Even if the sub goes to an even bigger discount.. say only 25p with the share at 150p compared with the 35p it would then be worth,, that 25p still double the current price for a target 12% or so on the share price. And if the discount is wide at expiry and not wishing to exercise, then with such a big discount, it could pay off for once just leaving it to the trustee. SLES are about to be exercised. Share is over £4 so surely Trustee will get better price than the 50p final sell price, when the share was also a lot lower than it is now. We'll know within a few days.
04/1/2017
17:00
kenmitch: Posted this on "the warrant thread" today just in case anyone here is interested in what could still be a very rewarding PCFS buy. "PCFS. Posted here (post 3919) on Dec 8th with PCFS AT 8.75p to buy when share was 123.75p to sell. Set 130p share price target which would mean PCFS worth 15p. Share almost got there today, but despite several buys, PCFS is now at a discount and only 12p to buy and 11.25p to sell. NAV has been rising steadily and was up another 2p today to 140p and 137 if allowing for the now strong likelihood of all the subs being exercised. Bank share rally is continuing. Target another 10p on the share price in the next couple of months to 140p and PCFS would be worth 25p. Assuming the PCFS price goes to a bigger discount and so "only" 20p, that still gives nearly 70% upside on 7% share price rise. Hope a few bought earlier but if not high chance it is still not too late to buy, especially bearing in mind PCFS is 3p below what it is actually worth."
15/11/2016
10:30
kenmitch: I've only just discovered this thread and otherwise would have posted sooner. I've invested in warrants and sub shares for years and ran a successful warrant portfolio on mikewalters.com subscription website. We had to close it earlier this year because there are so few warrants and subs left. The portfolio ended up doubling but was once far higher. A drag on performance was a 50000 PCFS holding bought far too soon, but which would now be doing very well. Unlike you topvest I only hold the sub shares (which being subscription shares can go in to ISAs btw). For those with a very low risk tolerance then yes, a mix of mostly share and small sub share stake makes sense. Otherwise just buy the sub share. e.g right now with the share at 120p and sub about 9p to buy a £1000 sub share stake will be worth around £1900 if the share can rise 10% from here. That would give a £900 profit and maximum possible loss of £1000. OR invest £9000 in the share to get the same profit. And if the share falls 10% the paper loss is not much less than for the sub share. PCFS were highlighted on Mike Walters site as well worth buying at just 3.7p last month, and then again at 5p when the share was 115p only a few days ago. Then with share at 115p a 15% share price gain to 132p and PCFS should more than triple thanks to the exceptionally high gearing then. So invest £1000 in PCFS then at 5p and get a £2300 profit and maximum possible loss of £1000 for 15% share price gain. OR invest £15000 in the share to get the same £2300 profit and if the share falls 15% the paper loss will be £2250 and £1500 more than the maximum possible loss on the sub share. BUT the big minus for the sub is that July deadline date. i..e a real loss if PCFT is 115p or lower at expiry whereas the share can be held until the price recovers. edwardt mentioned the risk of the share price being manipulated so that the sub share expired worthless. That is very unlikely to happen as who benefits from the sub expiring worthless? None of us! The Trust will lose out on £millions of new cash to invest from the all the subs being exercised. Institutions lose out on £milliions too as they often hold very large sub share stakes. Finally don't forget a trustee is appointed to exercise any sub shares if we decide not to sell them before expiry date and just let them lapse. Investors then get the proceeds less the trustee costs. Beware though if thinking of doing this as often the trustee does not get a good price for the share as it means selling a very large share stake that might have to be bought at a significant discount to the quoted share buy price. So best really if not intending to exercise the sub shares to sell them well ahead of the final expiry date.
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P:33 V: D:20171216 22:38:47