Rit Capital Partners Share Discussion Threads

[bagpuss67] 27/3/2024 08:44

So from the list of investments in the accounts I can estimate the NAV uplift based on a revaluation to £350m? Will have a go later.

[kiwi2007] 27/3/2024 08:30

Yes GBP (Great British Pounds) .. should have made that clearer.

[bagpuss67] 27/3/2024 07:03

Cheers Kiwi. Is that £50m?

[kiwi2007] 27/3/2024 01:59

RIT, I believe, put 50K in when Webull was valued around $1B?

If so, then possibly around a 7x return? And similar to that which they achieved with Coupang ?

Of course they may already be including some of that potential profit in recent valuations?

Please note the ? after all those sentences.

[bagpuss67] 26/3/2024 20:43

What would that do to the RCP NAV if it go away at that level?

[f56] 26/3/2024 20:07

The suggested IPO value for Webull is £7 billion dollars.

[mancman1] 24/3/2024 14:49

I am struggling to work out how much its investment is now worth. It was valued at £50.8 million in its 2023 report. I haven't found any Webull valuation later than 2021, when it was valued at 1 billion dollars.

[whoknowswat] 23/3/2024 07:17

Webull, their second largest direct investment, is set to go public later this year, that should both boost NAV and reduce the PE exposure. Hoping once press etc pick up on this we will get a boost.

[mwj1959] 20/3/2024 09:58

Of course you might have already fired them for not selling at a premium back in the day! However, I agree with your sentiment. It is too late to be selling, unless, of course, you have a very pessimistic view on the market outlook and the future direction of the NAV.

[chillpill] 20/3/2024 08:50

Apparently it is “wealth managers” who have been selling the shares.

If they were selling on my account at a 29% discount I would fire them.


Takes quite a bit of explaining to sell at such a discount.

[chillpill] 20/3/2024 08:04

Last estimated discount by analysts is 29.1%.

More than happy buying at this discount.

[mwj1959] 15/3/2024 10:32

I agree with Mr S. It's now trading at a 28% discount (based on end Jan NAV, which should be higher now), close to a record low. I recognise that there should be some sort of discount attached to the PE exposure, but that only makes up 36% of the trust, of which 25% is in well diversified funds. I suspect this is never going to go back to a premium, but there are good grounds for some narrowing of the discount. Buybacks don't seem to be making much of a difference, while there is no Continuation vote or likelihood of a corporate action. Considering all this a discount in the 10% - 15% range would seem a reasonable target in the MT. Investors shouldn't forget that a discount narrowing can come about due to NAV declines as well as share price rises. Even at current share price levels this is not a one way bet.

[mrscruff] 12/3/2024 22:53

After following RIT Capital for over 6 years I have bought for the first time on a good historical low level.

Not being popular stock I can wait as it does really well in a wider market up move or rally.

[chillpill] 12/3/2024 19:30

Coupang up 30% in last month. Not sure how much they have left.

[kiwi2007] 29/2/2024 08:17

Results due in the next couple of days.

[18bt] 26/2/2024 16:06

The greatest financier of his generation as well as a tireless artistc patron. A life well lived despite all his advantages.

[panshanger1] 26/2/2024 15:00

Sad news Was a great chair of this trust for many years

[bagpuss67] 26/2/2024 12:48

Jacob Rothschild just passed away..

[kiwi2007] 26/2/2024 08:16

I'm out... I have a holding in an office block...officially valued last year at 6xxx ... six month later 5xxx... but I recently found out that 4xxx has been the only bid for a unit recently. The real mark to market may be much less in realty than some claim.

sidelines might be the best bet.

[f56] 05/2/2024 17:29

There are some changes currently underway. New CEO. etc.

[bagpuss67] 14/1/2024 16:07

Been trying to decide whether to get out of this or let it ride..I also put family members money in here which has been embarrassing..

[bagpuss67] 14/1/2024 16:04

The private holding funds owned by RIT that include Thrive and Iconiq are interesting...Looks like Thrive about to raise quite a bit of cash to double down on its tech bets... Iconiq appears to be/ have been the family office of Zukerberg...

28% of the RIT fund was in these type of private funds at the half year (as well as its 12% direct investments)...

[kiwi2007] 27/12/2023 23:38

I agree mancman1 and have taken a couple of small positions this last couple of weeks.
MA 14/50 has it as a strong buy
If it can break out through the 2000p area I think we'll get a decent run.

[mancman1] 24/12/2023 09:54

SMT which has I think a similarly high ratio of private equity has seen its discount narrow significantly over recent months. RCP looks very cheap at this discount.

[panshanger1] 15/12/2023 15:47

Need to do more research!!