Polar Capital Technology Share Discussion Threads

[mh] 22/10/2002 21:17

Pete,I would agree with a lot of what you say here but would add one significant caveat in case anyone thinks they might be as easy to trade as ordinary shares,because they are not-they are very illiquid,carry greater inherent risk and have a very small NMS meaning the market makers always have the upper hand on trading.That's why all brokers require a special signed mandate before permitting clients to deal in warrants.

[mart] 24/9/2002 09:24

Possible to get these for about 18p!!! Or is this just another falling knife?

[energyi] 20/8/2002 23:24

Discount: 123/ 140.44p (Friday's NAV) =

NDX was up 3% yesterday to 1026, suggesting...
Today's NAV could be: 140.44 x 103%: 144.65

123/144.65 = 0.85 0r 15% discount

[yaco] 20/8/2002 15:47

Does anyone know what is going on with the warrants (PCTW) today? There were quite a few very big/unusual trades.

[ashtongray] 09/8/2002 12:08

Could the NAS be bottoming out this time? Seems to be showing more resilience lately, if we can get through next few days without more worldcom type disclosures, might be basis for a relief rally at least. doubtless this PM will prove me wrong, Friday after 1630 BST is usually the signal for the DOW/NAS to do something entirely unexpected.

[energyi] 09/8/2002 10:38

Discount: 120/ 136.24p =

[mart] 08/8/2002 09:29

Still nibbling when the warrants are sub-30p.

[energyi] 06/8/2002 15:56

Yes. That was a great WT price!

[mh] 06/8/2002 15:16

Hope you bought some Mart ! Unfortunately I was still in bed when they were being offered on the plate this morning,what an intraday recovery.

[mart] 06/8/2002 08:03

Warrants now at 20-23p. Mmmm.

[energyi] 02/8/2002 20:24

PCT: 118/135.2= -13% Discount

[mh] 29/7/2002 21:03

ashtongray,it will indeed.It all seems too weighted to the likes of ARM,LOG,MSY at the moment but it should spread soon I think,as momentum builds.

Tell you what tech heavy I.T. has been very strong so far,HRI.Deservedly so really, increasing NAV and still on a silly discount.OK, not such a geared play as PCTW but worth looking at nonetheless but perhaps more for a longer term investor play as the spread is quite nasty.

[ashtongray] 29/7/2002 20:47

Bought FTT instead late today, unusually they havent responded to NAS strength yet, but surely will tomorrow. Will be interesting to see what PCTW does tho!

[mh] 29/7/2002 20:42

As I was saying.

Come on then,which of you gamblers are in the warrants then ?

NAZ ON F - I - I - I - R - E !!!!!!

[eugene1234] 29/7/2002 20:38

cheap cheap.

[ashtongray] 25/7/2002 12:52

Yes, think they are expecting NAS to give up a chunk of yesterdays gains, what with profit taking + the AOL/Time warner worries.

[mh] 25/7/2002 10:38

What the hell were the market makers doing marking the warrants DOWN to 33p this morning after the open markup,are they on DRUGS or what ? Buyers since seem to be forcing their hand to nudge back up a bit,have they become so cynical that they are anticipating a Nasdaq retrace already,maybe the reason why the bounce in the ords is so pitifull.Must admit I'm quite taken back by that.

[energyi] 25/7/2002 10:17

As at close of business on xxx, the unaudited fully diluted net asset
value per share, calculated in accordance with the AITC formula was:

23rd July 2002: 136.25p and undiluted was 142.85p

Will post the 24 July figure here later

[mh] 24/7/2002 22:55

bocadillo,I hope that's true,it's staggering to see these back at 1998 levels, as they were then,in the guise of HTTW.Providing we don't see further steep declines in the tech indices they should prove to be a stunning performer from here and offer a tremendous opportunity as a geared play on a tech recovery.

[bocadillo] 24/7/2002 22:40

MH: In my opinion, PCTW is a tremendous bargain at these levels...one of the best in my portfolio, Boc.