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RCP Rit Capital Partners Plc

1,898.00
60.00 (3.26%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  60.00 3.26% 1,898.00 190,973 16:29:57
Bid Price Offer Price High Price Low Price Open Price
1,890.00 1,898.00 1,900.00 1,830.00 1,830.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 108.8M 66.1M 0.4537 41.83 2.68B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:08 O 8,500 1,898.00 GBX

Rit Capital Partners (RCP) Latest News

Rit Capital Partners (RCP) Discussions and Chat

Rit Capital Partners Forums and Chat

Date Time Title Posts
23/7/202411:08Timing is all.588
22/10/202309:15RIT CAPITAL PARTNERS - GREAT GROWTH STORY147
15/4/201420:58RIT Capital - undiscovered Gem ?164

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Rit Capital Partners (RCP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:37:091,898.008,500161,330.00O
2024-07-26 15:35:201,898.0054,9591,043,121.82UT
2024-07-26 15:29:321,898.00941,784.12O
2024-07-26 15:29:271,898.003707,022.60AT
2024-07-26 15:29:161,894.00356.82O

Rit Capital Partners (RCP) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 1,838p.
Rit Capital Partners currently has 145,685,917 shares in issue. The market capitalisation of Rit Capital Partners is £2,765,118,705.
Rit Capital Partners has a price to earnings ratio (PE ratio) of 41.83.
This morning RCP shares opened at 1,830p
Posted at 18/6/2024 10:21 by chillpill
I’m relaxed. Focus on the day job of focusing on making money and the share price will look after itself.
This is an easy way of reducing GBP exposure ahead of messy times for the whole of Europe.
Posted at 18/6/2024 10:11 by mwj1959
The challenge with RCP is the big family stake (20%+)...
Posted at 17/6/2024 13:49 by mwj1959
NAV goes up and share price goes down! Almost back to its lows. The Chairman, on a cool £150k, needs to get a grip here.
Posted at 16/5/2024 17:24 by pvb
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.
Posted at 28/4/2024 13:03 by mancman1
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?
Posted at 18/4/2024 16:14 by kiwi2007
Questor says: buy

Ticker: RCP
Posted at 18/4/2024 09:45 by mwj1959
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%.
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 ‘flatlinedR17; over three years when global equities had rallied 27%.


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.
Posted at 04/4/2024 11:23 by essentialinvestor
Does anyone have detail on the respective CLDN v RIT NAV returns over the last 5 years, thanks.

CLDN sells on a discount of 35% plus.

Tbf to RIT, I'm 'discounting' respective share price returns over the last 5 years - where CLDN has thrashed RCP.
Posted at 04/4/2024 06:44 by spectoacc
Not sure who the major shareholders are (who's Hannah?), but wealth managers selling across the board, as more & more redemptions come in.

UK stockmarket has suffered outflows for two calendar years running for the first time ever - every confidence 2024 will make that 3 years. Why pay into your ISA/pension rather than pay your mortgage? 100,000 people a month are coming off cheap fixes.

Likewise, why have money with eg Quilter when you've an overdraft.

Labour's VAT on school fees could create another drag.

Add to all that, why RCP when there's others also trading very cheaply?

But I'll admit I'm looking at RCP again for the first time since the GFC.
Rit Capital Partners share price data is direct from the London Stock Exchange

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