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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Polar Capital Technology Trust Plc | PCT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 30.00 | 1.05% | 2,900.00 | 16:26:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,915.00 | 2,885.00 | 2,915.00 | 2,900.00 | 2,870.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 16/2/2024 14:19 by steeplejack Yes,its odd given that SMT for example,traded at a premium to assets back in late 2021.Both PCT and ATT are sitting on a discount of around 12%.They don’t have a private company portfolio or exposure to China.No wonder the trust is happy to continue share buybacks. |
Posted at 15/2/2024 11:59 by chrissnox PCT's price is at all time highs. Nasdaq is back to Nov 21 highs. AI is in vogue & seen as the driver of the future. The largest US stocks have been christened the magnificent 7. But PCT still trades at a c.11-12% discount. Yes it has come in a couple of points in the last few months but why so wide when apparently there is so much enthusiasm for tech stocks. But why isn't it trading within a 0-5% discount range ? Is it as simple as bond yields being too high and the discount will only tighten when bond yields compress ? Is the tech sector rally perceived as at risk and hence it doesn't justify a tighter discount ? What are the thoughts on the catalyst for PCT to trade at a tighter discount ? |
Posted at 19/12/2023 16:26 by pj84 Rambus/Polar Capital TechnologyNasdaq-listed Rambus (market cap $6.8bn) is a typical PCT holding that typifies the great success manager Ben Rogoff has driven over the years. It is niche, highly interesting and abounds with opportunity. Founded in 1990, Rambus has evolved from a simple semiconductor IP licensing company into a more diverse technology solutions provider, most interestingly focused on interface solutions. Without getting too technical, semiconductors and processors are becoming increasingly complex and prevalent within computing systems and these different elements need to communicate effectively, efficiently and securely which is where interface solutions are utilised. Rambus has a long history of developing advanced interface technologies that facilitate data transfer and communication between various semiconductor components and systems. Rambus has expanded into the data centre, artificial intelligence and automotive sectors, where there is strong demand for advanced semiconductor technologies requiring advanced interface and buffer solutions. As the demand for data processing and storage continues to soar, Rambus’s data centre solutions are well-positioned to capitalise on this trend. This technology offers higher bandwidth, energy efficiency, reliability and better security, making it a compelling choice for data centre operators striving for optimal performance. In an era marked by heightened concerns about cybersecurity, Rambus has prioritised security solutions. The company offers a range of hardware and software security products, including secure provisioning and authentication technologies, which are critical for safeguarding data and devices in an increasingly interconnected world and particularly in the internet-of-things space. The company sees strong growth opportunities from the transition to DDR 5 memory chips (faster, less power consumptive and higher bandwidth than their predecessors DDR 4) and the growing use of high bandwidth memory in AI-specialised servers. A combination of high margins, returning a decent proportion of its free cashflow to shareholders via share buybacks and forecasted EPS growth of around 15% for the next few years makes Rambus’s EV/Ebitda (enterprise value to earnings before interest, taxes, depreciation, and amortisation) ratio multiple of around 20 for 2024 look reasonable. |
Posted at 13/12/2023 09:20 by thamestrader As a newbie here (only 200 shares as a toe-in), I found it a fairly comfortable read. PCT is underweight in the magnificent seven (or whatever they're called nowadays), so was held back by relative underperformance in its smaller growth companies.Here it is for those who haven't seen it: |
Posted at 27/7/2023 19:36 by poots It would help if it paid a dividend |
Posted at 30/6/2023 11:05 by umitw Apple is flying, PCT is still on a large discount! |
Posted at 08/6/2023 16:43 by riverman77 Nasdaq now recovered most of yesterday's losses - I guess PCT will have factored all that in, although still on a wide discount. |
Posted at 08/6/2023 16:22 by arja big drop in the NAV today and a wonder PCT is not down more . nasdaq now recovering a bit |
Posted at 29/4/2023 12:30 by kenmitch panache.A very large number of Investment Trusts are trading at much higher discounts than normal. The average discount is usually around 3% but currently that’s gone out to 17%. And some good quality Trusts are on discounts as high as nearly 50%. It’s more often a buying opportunity than a cause for alarm, but I haven’t looked at PCT befits posting this. Are you aware of the official website for Investment Trusts, AIC? This link takes you to the PCT sector. If ADVFN block it just “Google” AIC and also “AIC Compare Companies.” |
Posted at 26/4/2022 14:38 by arja even though nasdaq down today , cable is weaker again and hence the NAV might hold up when figure announced tomorrow . At 2010 PCT seems a good bet but will wait and see how nasdaq goes now that physical just opened |
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