Rit Capital Partners Share Discussion Threads

[a1samu] 08/4/2013 16:41

Yes. That is where you are wrong. If you would not give a stuff you wouldn't react to my posting in a personal way. As to caffeine, you clearly know what you say, for you cannot do otherwise then what you are, but you know nothing about me, as neither do I want to know anything about you. This thread is now over, and any further personal comments will be ignored as they rightly should be. If a rational discussion can continue well and good. Any personal stuff will be consigned to the dust bin, to where they rightly belong.

[jimbo55] 08/4/2013 14:17

Feel free by all means. I couldn't really give a stuff what you do to be honest, but given how highly strung you appear to be, I would suggest staying off caffeine (or does that count as unsolicited advice?).

[a1samu] 08/4/2013 14:10

Yes, I would expect these highly paid people to benefit from good timing from investments. It is not a matter of entering or exiting. It is good timing and they too are slow off their feet. Nevertheless, whatever else gold may be, I shall do as I please and say what I want whether you like it jimbo or not and certainly I shall invest where I want without your leave to do so, or your unsolicited advice!

[jimbo55] 08/4/2013 12:47

If you don't like how the trust is being run, and are not prepared to forgive them for their failure to time every trade/investment to perfection, then you can always invest elsewhere. Just curious about how you think they've failed to make to profit from Gold in any way. From what I can see, they've been in from a far lower price than it is now. Also, as somebody who is a born contrarian, I think exiting gold mining companies now, when they are so hated by retail punters, most hedge funds and institutional investors, would end up turning out to be a clanger in the longer run.

If you don't like this trust's approach, maybe a hedge fund wrapper trust such as BH Macro would suit you better...

[jimbo55] 08/4/2013 12:12

I would much rather RIT hold their Gold as a hedge, rather than dump it with it with the herd - particularly given Japan's announcement last week (which I'm sure you must have noticed, and remembered that RIT has exposure to Japan in the form of being long equities and short Yen - will hardly have been bad for the trust's NAV recently). Happy for the short term hit on Gold to be taken. I think dumping their Gold related investments in the current climate would turn out to be a major mistake in the medium term.

... and yes, I believe in the Gold story; despite the grind over the last 18 months, and with darn good reason.

[a1samu] 08/4/2013 11:46

lovegod tell this to Jacob! it has costs RIT £11M before they found this out!

[lovegod] 08/4/2013 11:03

gold should hit 1300 before its a massive buy

[a1samu] 08/4/2013 10:36

Well, it would be nice to have a bit more transparency. I will ask Jacob about the plans for share buy backs, when I meet him on the 16th April AGM @ Spencer Hse. I mean, if this is not a good time, it would suggest that a drop in NAV is expected to be reported @31.3.2013? And RIT can report what they want, for whatever they say surely, they can do! It is not the progress of the global markets, but the progress of the people in RIT that determines their success, for they are totally free to do as they please! Mind the loss of £11M on their gold speculation reported in the last accounts is not impressive!

[jimbo55] 08/4/2013 09:19

a1samu, RIT has traditionally been a little mysterious when it comes to Investment Trusts. It was only last year what monthly updates (along with NAV) were posted regularly. With a change of one of the principle investment directors, it has resumed its air of former mystery, with nobody really knowing what is going on.

Personally, I prefer this as it creates opportunites (such as now) when newsflow goes stale and the share price drifts. It's all down to what you think of their long term track record whether or not you buy now (at potentially a discount to NAV) or wait for the next announcement of NAV (at which point any discount will close in short order).

Event with the relatively recent spike up, this trust was still valued at a reasonable discount to NAV. Based on the performance of most global markets since then, do you think the NAV is more likely to have decreased or increased further?

[a1samu] 08/4/2013 08:52

Come on Jacob! Is this price not low enough for you to buy back shares for cancellation? When are you going to start buy backs? You could make some tentative purchases of RIT shares, surely?
This is an awfully frustrating thread. The price keeps on going down and down, with no information in sight.
Information is outstanding on the March 31 NAV, which might or might not be be released before the AGM on the 16th April. Are you Jacob waiting until the AGM? to tell us anything at all about what you are up to?
You know Jacob, what goes on with RIT, the City knows what goes on, your advisors know what goes on, only your shareholders are kept in the dark!

[elmfield] 13/3/2013 19:12

Think that will depend on how we go fom here,
Still a core holding, I added just a few weeks ago thinking these were overlooked by the market,

[madengland] 13/3/2013 17:20

Nice wee top up opportunity......hope to see this trading on a 5% premium after next leg up

[strollingmolby] 12/3/2013 17:37

The unaudited diluted net asset value of RIT Capital Partners plc as at 28 February 2013 was 1,319.8p per GBP1 ordinary share.

[elmfield] 08/3/2013 13:35

Tick tock.
Nice to see the slow rise, gives time to add and I have done so.

[1nf3rn0] 08/3/2013 07:37

NAV of 1309p is an all time high. Dividend is at an all time high. Lord R more bullish than he's been in years. It would seem likely that the share price will soon be at an all time high, so it's a good time to be holding this.

[jimbo55] 08/3/2013 07:24

My patience has been rewarded at last! ;) I thought a discount to NAV would have opened up but this one was larger than anything I'd anticipated. Surprised more people didn't anticipate this. Hey ho, glad to still be a holder. ;)

[1nf3rn0] 07/3/2013 20:43

Cracking results. Good move by Lord R to move more into equities in Q4 2012. I was a bit worried that by appearing to be very defensive over the last couple of years that he may have missed the rise in equities that caught many by surprise.

[elmfield] 07/3/2013 19:55

Maybe the master still has the touch? Let us see what comes out tomorrow.

[haydock] 07/3/2013 19:12

One of the better days.
Will it go above the NAV ?

[elmfield] 07/3/2013 17:47

I agree, has to be a buy anywhere under asset value, IMv.
Deserves at least that!

[madengland] 07/3/2013 17:24

Great stuff, well positioned for future i would say. Took a load more today before the rise. The nav must now be 1350+ after the rally of the last few weeks so to buy such a diverse and international basket at such a discount is a steal imo. Reckon we may see that discount close rapidly. Nice to see the 28p divi for those who want to draw down is maintained.

[elmfield] 07/3/2013 15:36

What a star! Never underestimate rit.

[elmfield] 13/2/2013 21:05

They always play a good hand but when you look at long term holdings like say ones in Findlay park they give a good account of themselves.

[jimbo55] 13/2/2013 20:53

Agree with that too, which is why I'm here. Still, as Madengland has said, a NAV update would be really nice. They've also stopped producing monthly factsheets, which means they're either in a closed period, or they just wanted to revert to the NAV being a tad more opaque to Mr Market...