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 -2.35% 270.00 635,569 16:35:07
Bid Price Offer Price High Price Low Price Open Price
271.00 273.00 279.00 271.00 276.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 4.18 2.07 130.4 504
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 70,530 270.00 GBX

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Date Time Title Posts
02/3/202110:08Ruffer Investment Company - one step ahead?339

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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 276.50p.
Ruffer Investment Company Ltd has a 4 week average price of 264p and a 12 week average price of 247p.
The 1 year high share price is 281p while the 1 year low share price is currently 202p.
There are currently 186,788,416 shares in issue and the average daily traded volume is 688,209 shares. The market capitalisation of Ruffer Investment Company Ltd is £504,328,723.20.
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.
jonwig: GB - a calculation I don't feel competent to follow; but bitcoin mining seems to consume rather a lot of energy! The logical consequence of widespread use (as an alternative currency) would be government taxation of transactions. If it's not a currency, what is it? Like gold, say. I prefer gold because of its physicality. The last RICA statement suggested to me that they are pretty good traders in this "stupid" market and don't intend holding the crypto for very long.
Ruffer Investment share price data is direct from the London Stock Exchange
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