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PCT Polar Capital Technology Trust Plc

2,955.00
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 2,955.00 274 00:00:00
Bid Price Offer Price High Price Low Price Open Price
2,945.00 2,960.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice -101.88M -105.18M -0.8128 -36.36 3.82B
Last Trade Time Trade Type Trade Size Trade Price Currency
06:34:33 O 274 2,945.00 GBX

Polar Capital Technology (PCT) Latest News

Polar Capital Technology (PCT) Discussions and Chat

Polar Capital Technology Forums and Chat

Date Time Title Posts
08/3/202416:04Polar Capital Trust: Anyone following?367
16/7/201802:07Polar Capital (PCT) One to Watch on Monday -

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Polar Capital Technology (PCT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:15:342,945.002748,069.30O
07:15:042,955.0077822,989.90O
07:15:042,953.7747313,971.35O
07:15:042,954.701,26237,288.36O
2024-03-18 17:11:402,954.312748,094.82O

Polar Capital Technology (PCT) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Polar Capital Technology Daily Update
Polar Capital Technology Trust Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker PCT. The last closing price for Polar Capital Technology was 2,955p.
Polar Capital Technology currently has 129,413,314 shares in issue. The market capitalisation of Polar Capital Technology is £3,824,163,429.
Polar Capital Technology has a price to earnings ratio (PE ratio) of -36.36.
This morning PCT shares opened at -
Posted at 23/2/2024 13:55 by pj84
The NAV has jumped by £1.34 since yesterday with the 8.4% holding in Nvidia I suspect being a major contributor. Surprised with the fairly muted response so far, with the price up 15p and the discount widening to 11%.
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 13:13 by chrissnox
That's the definition of a wide discount. The question is why is the discount so relatively wide when the stock price is at a high, NASDAQ is at a high, tech enthusiasm is meant to be at a high with the AI/Mag 7 trend etc. If the stock trades at these discount levels in these conditions, what events are needed for a tighter discount ?
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 21/12/2023 17:28 by pj84
A multi-decade trend: What does 2024 and beyond hold for AI?

As the debate around artificial intelligence and its investment opportunities gathers pace, some of the world’s top asset managers share their outlooks.

(It's a bit long so haven't copied the full article but just posting the link below)
Posted at 19/12/2023 16:26 by pj84
Rambus/Polar Capital Technology

Nasdaq-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 23/8/2023 20:55 by steeplejack
Nvidia is PCTs third largest holding.Could help perception as the price continues to rocket on Nvidia earnings beat tonight.
Posted at 30/6/2023 10:05 by umitw
Apple is flying, PCT is still on a large discount!
Posted at 29/4/2023 11:30 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.”
Polar Capital Technology share price data is direct from the London Stock Exchange

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