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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rit Capital Partners Plc | LSE:RCP | London | Ordinary Share | GB0007366395 | ORD �1 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -8.00 | -0.43% | 1,840.00 | 16,931 | 09:10:06 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1,838.00 | 1,846.00 | 1,860.00 | 1,840.00 | 1,860.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 343.5M | 305M | 2.1449 | 8.58 | 2.63B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:10:07 | O | 215 | 1,844.634 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 25/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 24/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 23/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 22/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 17/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Net Asset Value(s) |
| 15/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 14/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 11/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 10/4/2025 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
Rit Capital Partners (RCP) Share Charts1 Year Rit Capital Partners Chart |
|
1 Month Rit Capital Partners Chart |
Intraday Rit Capital Partners Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2025 | 09:55 | Timing is all. | 680 |
| 22/10/2023 | 09:15 | RIT CAPITAL PARTNERS - GREAT GROWTH STORY | 147 |
| 15/4/2014 | 20:58 | RIT Capital - undiscovered Gem ? | 164 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:10:09 | 1,844.63 | 215 | 3,965.96 | O |
| 08:09:54 | 1,847.05 | 1,060 | 19,578.73 | O |
| 08:04:50 | 1,847.05 | 2 | 36.94 | O |
| 07:59:03 | 1,847.05 | 400 | 7,388.20 | O |
| 07:54:59 | 1,850.42 | 3,410 | 63,099.30 | O |
| Top Posts |
|---|
Posted at 28/4/2025 09:20 by Rit Capital Partners Daily Update Rit Capital Partners Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker RCP. The last closing price for Rit Capital Partners was 1,848p.Rit Capital Partners currently has 142,195,114 shares in issue. The market capitalisation of Rit Capital Partners is £2,616,390,098. Rit Capital Partners has a price to earnings ratio (PE ratio) of 8.58. This morning RCP shares opened at 1,860p |
Posted at 23/4/2025 17:05 by contrarian joe Highlighting the recent ipo of Webull in it's March NAV release.Valued at £50m at the end of 2024,it's current value based on a Webull share price of $36.22 as of April could be around £230m, although with a limited no of shares available to trade,the share price is expected to be very volatile.RCP said an updated Webull valuation included in it's April NAV valuation. |
Posted at 22/4/2025 10:21 by riverman77 They actively manage their currency exposure so no idea why they kept such a high weighting to the USD - hopefully they've reduced this since the last update as its clearly no longer the safe haven it used to be (and this was presumably why RCP tended to always keep a decent amount in USD) |
Posted at 07/4/2025 08:55 by olliemagern In the RCP year accounts out on the 1st March 2025, it shows this investment trust had a notional 5.5% put option on the S&P. This should ensure that this prudently managed investment trust should outperform World EFT index trackers this April.History shows that when markets fall this trust will at least outperform global index trackers. |
Posted at 03/3/2025 08:34 by chillpill The rotation out of mega-tech into value stocks over last few weeks should be good for RCP. |
Posted at 05/2/2025 12:33 by mwj1959 At the margin maybe, although those costs are at the fund level not the RCP level, and SMT may be perceived to have a far better record in the private investment space than RCP. 100% in direct investments also means that their holdings are more transparent and unleveraged (not sure I'm right about this?). |
Posted at 04/2/2025 21:23 by rambutan2 Stateside investors have a much better handle on what PE does and the returns it offers. UK investors, despite all the evidence, still seem to believe that it's some sort of highly risky ponzi scheme.The best performing part of the RCP port has always been its PE positions. |
Posted at 04/2/2025 16:46 by abc_001 Cool stuff. KKR May not be a PE fund but their profits are based on PE investments. If PE was unprofitable or out of favour then I would have thought the KKR share price would be depressed but it's not it's near a top. |
Posted at 04/2/2025 16:02 by mwj1959 It's an issue across the board (the exception is 3i which is at a 62% premium according to the AIC site), but has magnified in recent years on the back of significantly higher interest rates, higher leverage ratios and valuation uncertainty etc. KKR is a management company not a PE fund, so there are different drivers for their stock price and they're paid on NAV not a discounted rate.Given that RCP has only around a third of its AUM in Private Assets the discount is probably too high. 45% in Quoted Equities should be trading at most a small discount (5%) and the 24% in Uncorrelated Strategies (Bonds, Absolute Returns and Credit) at a 5-10% discount. If that was the case the PE part of the fund is trading at a c.70% discount. This is back of an envelope calculation based on end Nov NAV and current share price (1975p). If you halved that discount that would add 313p to the SP, all other things being equal, which would be 16% higher than current levels. If that was the case the discount to NAV would be c.13%. This is broadly my target for the stock. And, of course, this is not factoring in any NAV growth. |
Posted at 24/9/2024 13:05 by mwj1959 I think placing a 10% discount on the liquid assets is a bit too harsh. Based on the Interims roughly 40% is in Quoted Equities (50/50 split between direct and funds), which you could argue should be valued at or close to NAV. 24% is in Uncorrelated Assets, some of which are liquid (3%in govt bonds), but the rest is in funds (redemption periods etc. unknown). Ultimately, however, you could liquidate all of these at or around NAV. So, I would go for a (conservative) 5% discount here. That gives you £15.68 of assets (versus NAV of £16.51), so 86% of the current £18.3 share price Private Assets are left with £2.62 of the share price versus an NAV of £9.29, a 72% discount. If you applied zero discount to the liquid assets the discount would be 81%. Clearly this is excessively high, if you compare it to other PE quoted vehicles and also given the fact that 26% of the 36% allocated here is in PE funds, with only 10% direct, so stock specific risk is far less than if this was all direct.Using my 5% discount for liquid assets and attaching a more conservative 35% discount for the PE assets (AIC average discount for the quoted sector is currently 32%, although this is inflated by the large premium on 3i) gives you £21.70, so a near 20% uplift from the current share price and still a 16% discount to current NAV. So, decent upside even on conservative valuations. And we shouldn't forget that RCP has traded consistently at much lower discounts and even a premium in the past. With the current exposure towards the top end of their stated 20 - 40% range achieving that is unlikely. However, if they were over time to reduce PE exposure to nearer to the bottom end of the range and thereby improving NAV visibility, an even lower discount is perfectly feasible. Hopefully this makes sense! |
Posted at 10/4/2024 18:02 by mwj1959 From Citywire...probably behind the modest gain in share price today. I think they are being too pessimistic in saying that FV is a 25 - 30% discount.Investec analysts, who have been among the most bearish critics of RIT Capital Partners (RCP), have upgraded their rating of the Rothschild-backed multi-asset fund after another weakening in its share price. With the shares trading 30% below net asset value (NAV) earlier this week, compared with 26% when the £2.5bn listed global fund issued annual results in March, analysts Alan Brierley and Ben Newell replaced their ‘sell’ advice of 13 months ago with a cautious ‘hold’, saying fair value would see the shares trade on a discount of 25% to 30%. Since the note was published yesterday, RIT shares have edged 0.6% higher to £17.60. While impressed with the trust’s £184m of share buybacks in the past 15 months, which the analysts believe was a better use of capital than making new investments, they said this had failed to reverse a ‘brutal derating’ in the shares, with the portfolio’s asset value having ‘flatlinedR They remain wary of the trust’s large allocation to private investments, which provoked their first downgrade to ‘hold’ in December 2022. This has fallen from 45% to 36% and is set to decline to 25% to 33% in the next two years, with the company in the process of selling several stakes that might boost NAV. ‘Our central thesis is that [the private book] is vulnerable to a valuation reset following a period when a tsunami of easy money drove valuations of late-stage venture capital to extreme levels in 2020 and 2021,’ the analysts said. Brierley and Newell welcomed the significant changes made at RIT’s wholly owned fund manager, J Rothschild Capital Management (JRCM), which has been shored up by two appointments from the investment trust’s board. In January, former Ontario Teachers’ Pension Plan fund manager Maggie Fanari moved across to replace Francesco Goedhuis as JRCM’s chief executive, following the appointment of investment banker Maxim Parr last September as its chair. |
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