Rit Capital Partners Share Discussion Threads

[pvb] 16/5/2024 17:24

16 May 2024


30 April 2024 Net Asset Value

The unaudited diluted net asset value (NAV) of RIT Capital Partners plc as at 30 April 2024 (with debt at fair value) was 2,511p per £1 ordinary share (31 March 2024: 2,536p). This is after deduction of the first interim dividend of 19.5 pence per £1 ordinary share paid on 26 April 2024.

[chillpill] 13/5/2024 09:45

Fairly easy to build a spreadsheet and link in the data.

[ianood] 12/5/2024 10:20

Numis would access that data from a third party package that is bought in.

[chillpill] 11/5/2024 10:17

Brokers like Numis estimate the current value.

Last I saw it at was 2436p.

lliemagern30 Apr '24 - 10:18 - 566 of 568
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CHILLPILL , where did you get your estimated NAV from? your figure looks too low, is it a typing error?

[mwj1959] 03/5/2024 10:55

All of share price losses from last 12 months now recovered after a 17% rise in a month. A rare, but very welcome, moment of sunshine for holders. Still a 20% discount, but I think that most of the discount narrowing has been done. A 15% discount is what I've previously highlighted as being reasonable.

[kiwi2007] 30/4/2024 13:02

Nice to see Cecilia McAnulty eventually digging some loose change out of her purse to buy a few.

Director Andre Perold - short arms long pockets - none to his name.

[olliemagern] 30/4/2024 10:18

CHILLPILL , where did you get your estimated NAV from? your figure looks too low, is it a typing error?

[chillpill] 30/4/2024 10:03

Thanks. Yes right up his street.

Director buy of 100k worth yesterday.

[mwj1959] 30/4/2024 09:40

I see the discount has encouraged Peter Spiller at CGT to buy.

[chillpill] 30/4/2024 09:27

Latest estimated NAV is £24.265- still a 23% discount.

[mwj1959] 29/4/2024 10:45

That might well be the case...alongside buybacks at the same time.

[chillpill] 29/4/2024 07:30

The current discount gives a good safety buffer.

I imagine some of the hedge funds like Elliott who play in the sector have been buying to play the discount- as they did with Scottish Mortgage.

[mancman1] 28/4/2024 13:03

I think that 4 years ago it was around 4% premium, and at one time was of course much higher. I can't figure out why I didn't sell when it was at a premium!

Anyway whilst I don't expect to see it at a premium in the near future I would expect the discount to narrow. A year ago Scottish Mortgage was trading at a 20% discount and as late as mid march it was still 15%. It is now around 9%. I know there are significant differences between these trusts, but both were I think marked down because of high private equity holdings. If RCP were to trade at 20% discount it would be over £20, at 15% around £21.50 and at 9% over £23.

I topped up twice under £18, and it now represents 7% of my portfolio, so maybe I'm talking my own book. Who knows?

[mwj1959] 26/4/2024 13:56

Still 23% discount based on end March (higher) NAV. Discount won't be as wide as that given weakness in some markets in April, but not significantly lower. Still looks "cheap" relative to history. Certainly room for further narrowing, but don't see any likelihood of it going back to the levels seen in the past given how markets currently look at the PE component of portfolios. 15% discount reasonable against that backdrop?

[mancman1] 25/4/2024 10:03

Around a 10% rise in under three weeks. share price back to September levels.
It still looks very cheap to me.

[chillpill] 23/4/2024 09:07

It is one of the standout discounts in the sector.

[essentialinvestor] 23/4/2024 09:02

Wider equity market strength may finally be helping, in addition to the above.

I missed the recent move!.

[robertball] 23/4/2024 08:49

Is the boost in the price related toNewManager?

[mwj1959] 18/4/2024 17:02

Good point about US$, but in fact only up just over 1%, whereas S&P500 down 4%. Sure Questor comment helped, but clearly Board also recognising that they need to do more.

[kiwi2007] 18/4/2024 16:14

Questor says: buy

Ticker: RCP

[mike the mechanic] 18/4/2024 12:03

Also a mention from Questor in the Telegraph today with a move from Sell to Buy

[mancman1] 18/4/2024 10:32

This morning's NAV announcement was far more comprehensive than most if not all I can remember in the past. Clearly the board is making a big effort to address the big discount and to put emphasis on the features which have in the past given it the reputation of a safe haven in troubled times. It has reiterated its intention to reduce its private equity holdings and reported that Webull, its second largest direct holding, will be floated on NASDAQ in the second half of the year. It is not surprising that the market so far seems too have reacted positively to it after the strange sell off a week or so ago.

[kiwi2007] 18/4/2024 09:54

Stronger US$ v Pound this month may have helped.

[mwj1959] 18/4/2024 09:45

Share price has seen a bit of a recovery from £17 to £18, but discount based on March NAV, published today showing a 2%+ rise, has only seen a small narrowing (to 29%). However, markets have generally been weaker in April, so that probably means that in reality the discount has narrowed further, albeit still remaining comfortably north of 25%.

[spectoacc] 12/4/2024 12:18

Sold my wife's RCP again, not a reflection on prospects so much as being unable to resist a quick profit.

Some of the proceeds on into SUPR, seems a good SIPP stock.

Big loser is ORIT, which I've been unable to pull the trigger on selling, and just can't seem to catch a bid.