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Share Name Share Symbol Market Type Share ISIN Share Description
Polar Capital Technology Trust Plc LSE:PCT London Ordinary Share GB0004220025 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +8.00p +0.61% 1,324.00p 1,322.00p 1,326.00p 1,324.00p 1,316.00p 1,316.00p 132,164 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 10.2 -4.7 -4.6 - -

Polar Capital Technology Share Discussion Threads

Showing 76 to 100 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/1/2004
10:32
The pound has appreciated by 5.7% since September 2003. Therefore the assets held in USD have depreciated by the same percentage. This only applies to dollar assets and not to euro assets where the euro has strengthened against the pound by 2% over the same period. The conclusion to draw is that while dollar asstes have diminished, euro assets have gained albeit by a lower percentage. This seems to indicate that the NAV will be about 4 percentage points less than if the exchange rates had remained static. That is, the current nav would be likely to have moved up from 195p to 202p. Therefore since last September we have lost about 6p from the likely warrant price now at 71.5p would have been about 77p - 79p. I can live with that. The signs for the Nas are good for the medium term and there is a limit to the dollar weakness that the US Treasury will not exceed because the imports will cost so much more. I hope I am right about this because the PCTW is about the best geared investment out there.
firkin
05/1/2004
09:02
Looking good this am.
mart
31/12/2003
11:26
market makers are also building a solid support level at 160p - 170p in advance of further moves, they may also be building up their share inventory in advance of further moves by 'fooling' investors to thinking that this is a ceiling. in any case it all depends on whether nasdaq will build a support or resistance at 2000 in the medium term.
and1
30/12/2003
23:11
nav is 200pence (not dollar cents) while pct is at 162pence, a 20% discount, so this is not explained by the dollar weakness more by fear that nasdaq may pull back after hitting 2000 when there has been a tech revival for over 6 months and nasdaq is currently at 2000 on a two day closing basis, this divergence can only be explained as a temporary phenomenon, . the two will come together eventually. pct should hopefully reach 220p in the short to medium term when it is abundantly clear that the rise of nasdaq is not a blip and that 2000 will form a support for the medium term.
and1
30/12/2003
11:18
Weemonkey, my guess is that the divergance between PCT and the NASDAQ can be explained by the weakness of the Dollar. On the face of it the US markets appear to be performing strongly, but converting $ performance back to Sterling reveals that they are probably just treading water from a UK perspective. Personally, I think that US markets are looking very expensive now, and I'm expecting a correction before too long. I made 40% on PCTW in a matter of weeks in the autumn, but have long-sinced sold them. IMO the only Bull market in town is Gold. Wal'
wallace morris
30/12/2003
08:34
why is Pct no longer in step with the nasdaq? . until beginning of oct used to be highly correlated and now suddenly not. used to follow it almost step for step. is the net asset value keeping step while the shares are not? or have they got assets in the trust that that are underperfroming badly? often seems to me that investment trusts go in and out of favour massively. and is pct in the doldrums as investors loses interest and invest in the underlying shares themselves rather than the investment trust? any well researched examples welcome for th reasons for its sudden quite accelerated underperformance.
weemonkey
03/9/2003
13:22
ftt seems to be doing rather better than pct
papillon
02/9/2003
00:42
>energyi, Explained why on the other thread but though strongly linked I believe it makes sense to keep the PCT and PCTW threads separate. BTW I think PCT is an excellent buy and I fully intend to exercise the option to buy the underlying share come 2005 if the discount to NAV hasn't got closer to zero or even gone positive by then. PCT charts look cool :)
humdinger
02/9/2003
00:14
John, I like your thread. Why not put some charts in the Header?
energyi
02/9/2003
00:11
>energyi, Well worth a look but warrants are better gearing if you want to go long - why not check out the thread here on the pbb? http://www.advfn.com/cmn/pbb/thread.php3?id=3477693
humdinger
01/9/2003
22:00
Energyi Interesting to find our paths crossing here, so far from the world of gold & Avocet. What is your take on PCT/PCTW? If there is a genuine recovery afoot in the US & the Far East, then PCT (and even more so PCTW) would seem a good way to ride the wave, especially given the fund's double-digit discount to NAV (which should evaporate rapidly if economic growth becomes reality). Wal'
wallace morris
01/9/2003
11:53
Worth a look? POLAR CAPITAL TECHNOLOGY TRUST PLC As at close of business on 28th August 2003, the unaudited fully diluted net asset value per share, calculated in accordance with the AITC formula was 181.94p and the unaudited undiluted net asset value per share, calculated on the same basis, was 195.05p Price / NAV : 161.5 / 181.94 = 88.8%, 11.2% Discount
energyi
01/9/2003
11:51
POLAR CAPITAL TECHNOLOGY PCT quote: http://www.advfn.com/cmn/quote.php3?epic=PCT
energyi
01/9/2003
11:36
The manager's recent move to 'overweight' Far Eastern stocks is looking shrewd, especially after last night's 3% rise in Japan. Wal'
wallace morris
19/8/2003
13:04
Back in the heady days of the tech boom, PCT traded at a premium to NAV of some 20%. Despite the recent rally, the shares are still trading at a DISCOUNT to NAV of well over 10%. If recovery is genuine and this rally is the 'real deal', then techs will lead the way once again. In such a situation, expect the discount to NAV to revert to a premium. This should gear-up potential returns in the short-term at least. For example, a 20% rise in NAV accompanied by a 10% discount reverting to a 10% premium would cause a 46% uplift in the share price. For even greater gearing consider the warrants. The above scenario, if it began today, would generate an increase in the price of the warrants of over 130%. The big question is "is this rally genuine & sustainable?". I don't know, but I'm using the warrants to balance my otherwise gold-focussed portfolio just in case it is. Wal'
wallace morris
24/7/2003
08:08
energyi At the agm yesterday the manager stated that his policy is to buy back for cancellation as many warrants as possible before 30th September 2005 so as to avoid dilution of the ordinary shares. What if any do you think will be the effect on the market price of the warrants? The warrants have rarely exceeded the difference between the exercise price of £1 and the then current share price except recently with the effect of the bear market on the ord share price and the time value remaining. Would a buy back program change this. Hopefully - yes- but I fear not. He was most positive about Japan tech shares saying they represent the best value in that area for 14 years. He has recently increased weighting from 5% to 18.7%. Quite impressive! Is there a specialist Japanese trust (with warrants) to take asvantage of this opinion?
firkin
15/7/2003
14:06
Having another look at this for an ARB: Maybe BUY the Wts & SHORT the NDX. But PCT looks too expensive to enter this now
energyi
18/6/2003
17:04
two protected trades revealed at close, reckon the 144 Buy was at opening.
errol0001
18/6/2003
15:36
thanks, i'm out for now - + £2.50 !! big time... this manager doesn't sell which is not profitable on this market.
errol0001
17/6/2003
19:03
For me, this rally is likely to run out of steam soon, so my answer is (b) time to take profits - which is what I am doing. I expected a rally from the March lows, but you have to ask yourself have the underlying realities changed so much since then that current levels will form the new floor? Well worth reading energyi's current bear thread, lot of challenging thoughts there even if you don't buy all the theories.
ashtongray
17/6/2003
17:11
does anyone care to comment - is this rally likely to go on this week or are you getting the feeling that its time to take a small profit while in the black?
errol0001
10/2/2003
11:59
AVZ QQQ = = = Longer Term Chart = = = = = LINKS: PCT: Anyone Following?: http://www.advfn.com/cmn/fbb/thread.php3?id=1310893 Humdinger's "Polar Bull" thread: http://www.advfn.com/cmn/pbb/thread.php3?id=3477693
energyi
22/10/2002
23:27
Fair comments. I have traded warrants for years and so realise the nature of the beast. You are correct there is a greater risk trading these, but the returns can be spectacular as well... just depends on your personal risk profile. Regards, Pete
karmicpete
22/10/2002
22:25
Plus worth repeating that gearing works both ways. IF the DOW/NAS decide to retest previous lows, the warrants could be pulled down quite sharply. And as MH says, the market makers have the upper hand here. not only on nms, but in a weak market the spread would also widen sharply, so offer prices would suffer disproportionately. This is not to say that the warrants are not an interesting punt, I trade in and out of them fairly regularly. But peeps should be aware of the risks: these animals can bite.
ashtongray
22/10/2002
22:17
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.
mh
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