Share Name Share Symbol Market Type Share ISIN Share Description
Ruffer Investment Company Ltd LSE:RICA London Ordinary Share GB00B018CS46 RED PTG PREF SHS 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  -6.50 -2.21% 287.50 851,577 16:35:26
Bid Price Offer Price High Price Low Price Open Price
286.00 289.00 295.00 286.00 295.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 4.18 2.07 138.9 580
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:54 O 235,000 287.75 GBX

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Date Time Title Posts
09/6/202120:18Ruffer Investment Company - one step ahead?347

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Ruffer Investment (RICA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-23 16:40:43287.75235,000676,212.50O
2021-06-23 15:25:55288.643,2009,236.48O
2021-06-23 15:24:30289.0033,46796,719.63AT
2021-06-23 15:24:30289.001,2553,626.95AT
2021-06-23 15:24:12289.00281812.09AT
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Ruffer Investment (RICA) Top Chat Posts

Ruffer Investment Daily Update: Ruffer Investment Company Ltd is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker RICA. The last closing price for Ruffer Investment was 294p.
Ruffer Investment Company Ltd has a 4 week average price of 286p and a 12 week average price of 283p.
The 1 year high share price is 299p while the 1 year low share price is currently 235p.
There are currently 201,718,416 shares in issue and the average daily traded volume is 375,331 shares. The market capitalisation of Ruffer Investment Company Ltd is £579,940,446.
jonwig: For a conservatively run trust, Ruffer Investment Company caught fire last year. After a relatively mild fall to 209p in the coronavirus sell-off of February and March it staged a very quick recovery that has kept going all the way to last night’s close of 291p. In fact the shares gained more between March last year and today – 82p or 39pc – than they did in the 10 years to the eve of the sell-off in February last year (about 40p or 22pc). Some of this spectacular recent performance can be attributed to its well-timed and well-publicised investment in Bitcoin, the digital currency. The trust allocated about 2pc of its assets to Bitcoin in November when the price stood at about $15,000 (£11,000) and progressively sold as the virtual currency soared to a peak of $63,500. It sold out completely last month. This brilliant purchase is almost incidental to the trust’s credentials, however. It exists to preserve its investors’ capital in real terms and it has always chosen its mix of assets with more than one eye on what it has long seen as the inevitable return of inflation. That view, for a long time deeply unfashionable, is now mainstream – with good reason in this column’s view. All that has changed is that the trust no longer sees Bitcoin as a source of inflation protection at its currently elevated price (even if it has fallen sharply since the fund sold the last of its holdings). Instead, its managers have fallen back on their long-term favourites in that regard, namely gold (7.9pc of the portfolio at the end of last month) and index-linked government bonds (12.1pc). We will have more to say on the latter assets when we look at our own anti-inflation portfolio tomorrow, but Questor is convinced that Ruffer Investment Company will perform well if and when inflation returns in earnest. Now, as the consumer prices index shows signs of stirring back into life, would be a terrible time to sell this trust. Hold on.
jonwig: Hoot - you're clearly shrewder than they! As RICA said on 15/12: One recent addition, via one of the specialist managers appointed within the Ruffer Multi-Strategies Fund, has been bitcoin. This is primarily a defensive move, one made in November after reducing the company's exposure to gold. Given that strategy, did it work? And by the way the RMSF was a top performer in 2020. Good luck with your BTC position!
lambeater: Personally I was hoping for a pure hedge: A bitcoin purchase that was left to run possibly with a stop below the entry price. However what has transpired is a hedge that has partially morphed into a trade. It is true that you can interpret that trade as a hedge against the price crashing but it is not a pure hedge against collapsing currencies. In summary however, I feel it was a bold and timely initial purchase and I am grateful to Alexander Chartres for that.
zeroid: Any long term holders (holding since before the bitcoin investment) concerned about what will happen to the share price here if bitcoin should crash?
lambeater: I agree with you Hootza that it would be better as a hedge rather than a speculative trade. I'm not sure what to believe regarding their foray into Bitcoin, whether it's a hedge or a trade. However the share price made new highs on Friday while Bitcoin rose from its recent sell off so possibly that supports the notion that they do still hold a long position of magnitude in the cryptocurrency. Meanwhile they need their heads examining over some of their stock holdings: Lloyds, Barclays and Nat West for example although those were good gainers on Friday and possibly contributed to RICA closing at a new high of 275p.
lambeater: I thought they opened the position as a long term hedge rather than a short term trade. Maybe they morphed from a hedge to a trade when they saw the extent and rapidity of the gains. If they bought end Nov at say 18,000 and they made over 100 pc, as this article says, then they might have sold at around 37-38,000. An incredible trade if it's true, bearing in mind also that the current price of 35,600 is below their sell price.
spoole5: This bubble will pop eventually and the last in will be destroyed. Hopefully rica will be out by then with a profit. Awaiting a GME disclosure any day now.
slicethepie: Not convinced about arb, I trade it but it is only a play on the Bitcoin price.
lambeater: Thanks for that jonwig. A very interesting read written by a team with a coherent strategy that I feel fits the times we find ourselves in today. I haven't felt such inspiration from Ruffer since 2008. I had got pretty close to selling this prior to 2020 on account of their lacklustre stock picks. I still think they need a better angle on that! But the real reason why I will continue to invest here is their exposure to non-UK inflation-linked investments, their exposure to Japan, to gold and now bitcoin, as I do suspect, despite been an advocate of interest rates lower for longer than consensus, that inflation will eventually kick in and we will all have to pay the price for kicking that can.
jonwig: Investment review: A fascinating read. Skilful timing and rotation of assets.
Ruffer Investment share price data is direct from the London Stock Exchange
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