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
  +22.00p +1.56% 1,434.00p 1,434.00p 1,436.00p 1,440.00p 1,398.00p 1,414.00p 162,572 16:29:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 13.1 -4.5 -4.7 - 1,918

Polar Capital Technology Share Discussion Threads

Showing 201 to 222 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/4/2016
14:59
I am over 20% up in both funds with a 2:1 holding ratio of PCT to ATT. In addition I have taken profit out of both holdings on top of the 20%. I hold Apple, Facebook, AVGO and Amazon direct. All are in Sipp.
philo124
15/4/2016
14:52
I hold PCT and ATT long term. My view is for a new buyer is to wait until there is a set back and wider dicount on the funds. If u intend to keep for 5 years then buying now is not altogether a bad decision. Good luck with what u decide.
philo124
15/4/2016
11:05
Hi Phil. Thinking of buying here and would be interested to hear your view on this one, esp re current discount level, performance. Holdings look to be what one might expect.
its the oxman
15/4/2016
07:49
Still does.
philo124
25/11/2015
14:19
Day follows night.
philo124
28/7/2015
18:08
Bought back the 3rd.
philo124
06/1/2015
22:29
Nice Holdings detail RNS.
philo124
05/12/2014
08:19
Sold a third; a read through the statement today says why.
philo124
30/10/2014
21:55
Onwards and Upwards.
philo124
12/9/2014
17:48
Topped up this a.m.
philo124
12/9/2014
06:28
Now 540p NAV.
philo124
30/8/2014
20:21
Now 519p; pretty good progress.
philo124
20/3/2014
12:10
PCT NAV teasing again through £5
praipus
14/3/2014
08:21
Anyone short PCT and long PCTS?
praipus
10/3/2014
14:49
Hi JSWJSW, I don't think the price anomaly is the fault of MM's tbh because what is the reason for them to do this. I suspect there is just not a liquid 2 way price at the moment and coming to expiry most holders of PCTS will be looking to sell. Perhaps PCT is at a discount because of this uncertainty and future investors don't want to drive the price higher to benefit PCTS holders. I suspect there could be a lot of activity this week but ultimately we are a hostage to the performance of PCT and the markets in general. Good luck!!
dlm2602
10/3/2014
13:08
dim2602 - Yes, I agree with all you say, but if you hold PCTS, then the raising of the discount to NAV, of PCT, allows the MMs to prevent profit for short-term holders of PCTS. e.g. keep PCT at 485, even when the NAV is up at 500, and PCTS won't rise above 7p. They fear that an 'honest' system where adjustments do reflect value in the short term will allow frequent and quick small profits on PCTS. But the volatility of the NAV is not that great, so in practice there would not be huge swings. Anyway, that is meant to be the deal - and is why we trade PCTS at all. I have complained today to the FCA re what appears to be manipulation, despite the levels of risk. Again, the poor PI is deliberately stung.
jswjsw
07/3/2014
15:34
lenses and dlm2602 interesting, knwoledgeable posts thank you.
praipus
04/3/2014
13:00
Just bought more PCTS this am. 29% risk-premium is absolutely enormous (ridiculous IMHO)!
jswjsw
03/3/2014
08:04
Hi JSWJSW, I agree with your thoughts that the selling price of PCT could be driven down with the discount to NAV widening. However, there should be potential buyers of PCT who will see this as anomalous and want to take advantage to buy PCT cheaply. This should limit the size of the discount. Similarly up to 14 March if the cost of buying PCT is materially cheaper through the PCTS then this should also limit the discount of PCTS. That's the theory but as we know reality could be very different. It does mean that if the market is "manipulated" to adversely affect the value of PCTS then it probably means that the price of PCT is kept artificially low and thus could be a good time to buy if you like the trust. As always DYOR etc
dlm2602
02/3/2014
22:43
Hi dim2602, "The concern I see is that PCT may be artificially driven down close to 478p so that PCTS has no value." This is exactly my point, and I feel that if there is market manipulation, the FSA ought to be dealing with it. Of course, there are reasons the discount to NAV may widen, and it may be that we shall see this narrow now that the 28 Feb exercise date has gone. But if both the discount of the Ord. to NAV goes significantly higher, and the S share discount to the Ord. also rises before the end of March, we shall have what will start to look like a very serious fixing scam. J
jswjsw
02/3/2014
17:31
From the PCT circular: "Polar Capital Technology Trust plc 13 February 2014 To the holders of Subscription Shares in the Company (the "Subscription Shareholders") OPPORTUNITIES TO EXERCISE YOUR SUBSCRIPTION RIGHTS 31 MARCH 2014 IS THE FINAL SUBSCRIPTION DATE AFTER WHICH THERE WILL BE NO FURTHER OPPORTUNITY FOR YOU TO EXERCISE YOUR SUBSCRIPTION RIGHTS.... Option 3: Take no action Holders of Subscription Shares could alternatively take no action, in which case the Subscription Rights will lapse. The Company will (as described below in "Appointment of a Trustee"), within seven days following the Final Subscription Date (by 7 April 2014), appoint the Final Subscription Trustee to exercise as many as possible of the outstanding Subscription Rights and sell in the market the Ordinary Shares resulting from such exercise and the Final Subscription Trustee will then distribute pro rata the proceeds of any such sale less any costs in accordance with the Company's articles of association.... Appointment of a Trustee The Company shall appoint the Final Subscription Trustee who, provided that in such trustee's opinion the net proceeds of sale after deduction of all costs and expenses incurred by such trustee will exceed the costs of exercising the Subscription Rights, shall within the period of 14 days following the Final Subscription Date (by 14 April 2014), exercise Subscription Rights which shall not have been exercised on the terms on which the same could have been exercised on the Final Subscription Date and sell in the market the Ordinary Shares resulting from such exercise. The Final Subscription Trustee shall distribute pro rata the proceeds of any such sale less the costs of exercising the Subscription Rights and any costs and expenses to the persons entitled thereto at the risk of such persons within 56 days of the Final Subscription Date, provided that entitlements of under £5.00 shall be retained for the benefit of the Company. Holders of Subscription Shares should appreciate that the proceeds of sale may be less than the aggregate market price of such Shares." http://www.polarcapitaltechnologytrust.co.uk/ResourceModule.aspx/Pdf/PCTAll%20FundsSubscription%20Notice0214.pdf?key=2a300da8-175f-4de8-8024-d4f15d382795 ==================================== I would anticipate that the subs will have to be at least above ~15p for it to be worth while for the trustee to process any lapsed subs and hand money back, but this would depend on how many were lapsed - choosing to lapse is a gamble, IMO. It is noteworthy that PCT's discount to NAV has recently opened up to around 2 1/2% when it was near zero. I would think trading in PCTS will essentially cease by around Mar 24. This will be to the wire! GLA. L.
lenses
02/3/2014
17:29
I have bought a shed load of PCTS also and some are in my SIPP. Although you have to exercise your PCTS on or before 14 March if you want to buy PCT at 478p you can still choose to do nothing and hang on until the end of March. If you do this then the following will happen (extracted from Q&A from Polar Capital Trust website): If, after receiving your Subscription Shares you do nothing, the Subscription  share rights will lapse after March 2014. Within seven days following this FinalSubscription Date (i.e. the last Business Day of March 2014) the Company will  appoint a trustee who (provided that  in  its  opinion  the  net  proceeds  of sale  will  exceed  the  costs  of  exercising  the  Subscription Rights), will either:  (i) exercise  all the  Subscription  Rights  which  have  not  been  exercised  (on the terms prevailing on the Final Subscription Date) and sell the resulting Ordinary Shares in the market; or  (ii) (if it appears to the trustee that doing so is likely to realise greater  net proceeds for  Subscription  Shareholders)  accept  any  offer  available  to  Subscription Shareholders for the purchase of the outstanding Subscription  Shares.    The  trustee  will  then  distribute  the  net  proceeds  pro  rata  to  the  Subscription  Shareholders, provided that entitlements of under £5.00 will be retained for thebenefit of the Company.     If the trustee shall not exercise the Subscription Rights within 14 days  following the Final Subscription Date all Subscription Rights shall lapse.      So my take on this is that you will still be able to buy and sell PCTS until the end of March. If at the end of March the price of PCT is greater than 478p after allowing all costs the trustees will pay the difference to the holders of PCTS. The concern I see is that PCT may be artificially driven down close to 478p so that PCTS has no value. However this may be difficult if PCT NAV continues to rise. As always DYOR and my comments are mine only and should not be taken as any recommendation to buy/sell or hold.
dlm2602
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
Your Recent History
LSE
PCT
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:20191015 17:12:05