Ruffer Investment Share Discussion Threads

[topvest] 15/11/2021 21:24

I will take up the offer as I don't have enough of these really given how well they are currently positioned.

[stevieweebie2] 15/11/2021 18:29

What are peoples thoughts on the offer?I have 11,000 of these would be a few grand.I suppose it depends what they spend the proceeds on and how much value it added. Would welcome other thoughts though?

[bpdon] 15/11/2021 08:33

Share offer at 296.5p:

[jonwig] 22/10/2021 11:15

bpdon - worth looking at its performance in the 2007-09 crash: it rose!

[bpdon] 22/10/2021 10:39

Great break out through £3 and the interest here persists with more and more share issuance too - not enough to pin the premium yet it seems. The unconventional and some what esoteric portfolio is certainly attracting attention/confidence as @andyadvfn says.

Ruffer will never blow your socks off in the way that a growth trust like SMT can. But it just quietly plods along racking up fairly steady all-weather gains with minimal draw downs (if I recall, the worst is only 8%). I continue to be happy with 50% of my assets across RICA, PNL, and CGT acting as ballasts in my portfolio. In the current climate, I would argue with myself that I should probably start to tilt even more in that direction.

[stevieweebie2] 21/10/2021 17:18

Damm, thats a thing of beauty....

[andyadvfn1] 20/10/2021 16:55

Vote of confidence from wealth protection investors ?

[spoole5] 20/10/2021 16:46

Historically high

[pvb] 20/10/2021 16:43

...Curses.

[spoole5] 20/10/2021 16:36

4% premium now.

[lambeater] 18/10/2021 20:44

I was surprised the shares didn't break out a week ago considering their position in banks and more recently in oil stocks, both sectors performing well of late. Perhaps someone can add other positives to explain the new highs.

[bpdon] 18/10/2021 17:15

Indeed @spittingbarrel. Trading with a 3. Nice to see after another lengthy consolidation. It's generally the way RICA seems to roll..... flat lines for months on end and then out of the blue skedaddles up 10-20%.

[spittingbarrel] 18/10/2021 16:50

It looks like we've had 5 months of consolidation and have now broken out.

[andyadvfn1] 15/10/2021 08:36

Xd yesterday 1.55p

[slicethepie] 02/10/2021 10:14

Very disappointed to see Ruffer supporting SCience Group. Their blatant disregard for corporate governance in respect of TPG where they are attempting to take the company over by voting their own execs into the boardroom. I know you guys have morals and respect corporate governance so why are you supporting this company?

[bpdon] 27/9/2021 13:49

I think they have already sold circa £100M worth of additional shares to try and anchor the share price premium back to NAV since last year. Sounds like thy are going for another £50M. If they flog that £50M, the trusts mcap will have grown about 30% in about a year which is impressive. I wonder if they see good opportunities to deploy all this extra cash.

[pvb] 27/9/2021 13:34

Ruffer Investment Company Limited Result of Extraordinary General Meeting
27/09/2021

[stevieweebie2] 27/9/2021 09:51

NO, they are boxed in. chaos at some stage, just wish I knew when. I do think 2022 is gonna be a disaster so will be in this and cash for Y/E.

[gb904150] 26/7/2021 10:52

With rising cases again in the US hasn't the Fed just been given the perfect excuse to hold off any rate rises or QE withdrawal?

'The Delta variant' is the new scary demon in town.

Or they could just manage rates by talking about tighter policy while never enacting it? That was pretty much the outcome of the last meeting with record inflation.

Financial repression is the name of the game. Negative real rates (IR's lower than inflation) for as long as they can get away with it.

With that backdrop RICA, CGT and PNL....or just TIPS do look like good bets for the time being.

Do people think we will actually get any meaningful tightening? It seems like even a 25bps rise or slowing of QE would cause chaos right now given how sensitive markets are.

[spoole5] 26/7/2021 10:26

You then have to pay playform fees. Depends on the length of time of your investment i suppose.

[spoole5] 26/7/2021 10:25

I disagree, it's the real yield that matters re gold. There will be negative real yields for a very long time.

[buywell3] 25/7/2021 22:37

GOLD looks set for a big fall once the FED switches to a rising rate policy

buywell2 has posted on his GOLD thread why

Seems that chartwise $1200 POG could come within 12 months of such a FED move

What will happen to markets then ?

[apollocreed1] 25/7/2021 21:16

@topvest- If you park your cash in the open ended funds (CG Absolute Return, LF Ruffer Total Return and Troy Trojan) it's easier to come out at NAV. They also make sure that the funds are slightly easier to liquidate than their investment trusts. I ran my strategy by the deputy fund manager of CGT over the phone about 6 weeks ago and he also liked the idea (we had a long call primarily discussing if you could trust governments to meet their obligations on TIPS and other inflation linked bonds).

[pvb] 23/7/2021 22:24

...Damn! Now everyone is at it. :-)