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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
|
|
|---|---|---|---|---|---|
| -2.00 | -0.10% | 1,998.00 | 38,496 | 09:39:41 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1,994.00 | 2,000.00 | 2,000.00 | 1,996.00 | 2,000.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 108.8M | 66.1M | 0.4557 | 43.89 | 2.9B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:46:43 | O | 757 | 1,995.97 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/12/2024 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 12/12/2024 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 11/12/2024 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 10/12/2024 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 06/12/2024 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 05/12/2024 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 04/12/2024 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 03/12/2024 | 07:00 | UK RNS | RIT Capital Partners PLC Transaction in Own Shares |
| 02/12/2024 | 11:57 | UK RNS | RIT Capital Partners PLC Total Voting Rights |
| 02/12/2024 | 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 |
|---|---|---|---|
| 06/12/2024 | 19:38 | Timing is all. | 646 |
| 22/10/2023 | 08:15 | RIT CAPITAL PARTNERS - GREAT GROWTH STORY | 147 |
| 15/4/2014 | 19:58 | RIT Capital - undiscovered Gem ? | 164 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:46:43 | 1,995.97 | 757 | 15,109.49 | O |
| 09:43:20 | 1,995.75 | 93 | 1,856.05 | O |
| 09:39:41 | 1,998.00 | 4 | 79.92 | AT |
| 09:39:41 | 1,996.00 | 23 | 459.08 | AT |
| 09:39:37 | 1,994.00 | 1 | 19.94 | O |
| Top Posts |
|---|
Posted at 13/12/2024 08:20 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 2,000p.Rit Capital Partners currently has 145,040,202 shares in issue. The market capitalisation of Rit Capital Partners is £2,900,804,040. Rit Capital Partners has a price to earnings ratio (PE ratio) of 43.89. This morning RCP shares opened at 2,000p |
Posted at 04/12/2024 17:55 by riverman77 NAV performance actually pretty good expect for the big drawdown in 2022 due to write down in PE positions. Hence 3y number a bit soft, but strong over 1y and 5y. However, fund selectors clearly scared off by what happened in 2022 and once a reputation is tarnished (RCP was always viewed as a safe pair of hands that never lost money) it takes a long time to get it back. I personally think it looks decent value while discount is above 20% but would probably sell if it went any tighter. |
Posted at 13/11/2024 16:22 by f56 Interesting that RCP have an indirect stake in OpenAI through Thrive capital. |
Posted at 23/10/2024 08:18 by abc_001 RCP buyback volumes have been up recently |
Posted at 18/10/2024 07:23 by chillpill Back on Fidelity platform….Fidelity has removed RIT Capital Partners (RCP) from its blacklist of investment trusts in the first sign of the positive impact cost disclosure reform could have on the beleaguered closed-end fund sector. Shares in the Rothschild family-backed trust, which languish on a 34% discount over concerns about performance, private equity exposure and high costs, jumped 50p, or 2.9%, to £17.80 at Fidelity International’ ‘We are delighted that Fidelity has reinstated RIT Capital Partners plc on its platform. This means that new buyers can once again buy RIT shares via Fidelity,’ said a spokesperson for the £2.5bn global multi-asset fund. |
Posted at 17/10/2024 12:57 by mwj1959 A decent NAV gain of 1.5% in September, despite £ strength. So, not a surprise to see a decent rally in the share price, albeit still down on the month. |
Posted at 30/9/2024 08:30 by mwj1959 You would probably expect that CLDN should trade at a discount relative to RCP given the higher exposure to PE related assets and the Cayzer family holding of 49%. Activists have no chance taking on CLDN, but may have a sniff with RCP, given the Rothschilds own only c.25%. |
Posted at 26/9/2024 13:21 by riverman77 CLDN has a better track record than RCP, and I prefer its more straightforward approach. On the private side they take long term positions in established and fairly safe businesses. Alongside this they hold some public equities and a few private equity funds. RCP has a lot more esoteric stuff which I'm less keen on - hedge funds and various uncorrelated strategies. I suspect they'll be paying big fees on these holdings and performance looks pretty mixed. They also have more early stage venture exposure, whereas CLDN sticks to more established businesses. |
Posted at 26/9/2024 08:35 by riverman77 CLDN is a much better fund in my view, although unfortunately is always on massive discount and can't see this changing. At least with RCP there is a chance they one day get back to say a 5-10% discount, and they're also doing a lot of buybacks. On this basis I'd probably opt for RCP if I had to choose. |
Posted at 24/9/2024 12:05 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 17:02 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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