Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
RIT capital partners
+ Reply to discussion
Options
Mr GL
Posted: 13 March 2023 11:57:25(UTC)
#949

Joined: 18/10/2020(UTC)
Posts: 5,133

Thanks: 6766 times
Was thanked: 17981 time(s) in 4241 post(s)
Jimbo69;260523 wrote:
I'm watching this too - personally i think that £18- £18.50 is reasonable entrypoint as it hits a 2% yield. The SP dropped to £15ish in the immediate aftermath of covid but seem to hover in the £18 range for the remainder of 2020.


I was buying RCP on the 19th march 2020 at just below 1300p... it closed 1450p on the 18th and by mid afternoon on the 19th was quoted at 1256p down 184p on the day... I still have the email from my broker with the Bloomberg screenshot...

Back to top Quote
1 user thanked Mr GL for this post.
Logic Prophets on 13/03/2023(UTC)
Mr GL
Posted: 13 March 2023 13:07:40(UTC)
#957

Joined: 18/10/2020(UTC)
Posts: 5,133

Thanks: 6766 times
Was thanked: 17981 time(s) in 4241 post(s)
RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)

13 March 2023

Update on Silicon Valley Bank

RIT Capital Partners plc ("RIT") has no direct exposure to Silicon Valley Bank ("SVB") in either the US or UK, nor to any of SVB's affiliate entities.

RIT has been in touch with the substantial majority of our third-party managers and portfolio company partners over the last few days. The vast majority of RIT's holdings have confirmed either no or de minimis exposure to SVB, while for the remainder a substantial portion of any funds is held in money market accounts custodied with a third-party bank, and therefore ringfenced from SVB. Shareholders will also note the recent announcements from policymakers in the US and UK regarding outstanding deposits at SVB and its affiliates. We are continuing to monitor the situation closely.
Back to top Quote
6 users thanked Mr GL for this post.
Mostly Retired on 13/03/2023(UTC), dlp6666 on 13/03/2023(UTC), Markkus on 13/03/2023(UTC), Newbie on 13/03/2023(UTC), Low Returns on 13/03/2023(UTC), Raj K on 14/03/2023(UTC)
Strangways
Posted: 13 March 2023 15:22:59(UTC)
#958

Joined: 23/12/2020(UTC)
Posts: 565

Thanks: 1621 times
Was thanked: 1022 time(s) in 366 post(s)
Mr GL;260545 wrote:
RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)

13 March 2023

Update on Silicon Valley Bank

RIT Capital Partners plc ("RIT") has no direct exposure to Silicon Valley Bank ("SVB") in either the US or UK, nor to any of SVB's affiliate entities.

RIT has been in touch with the substantial majority of our third-party managers and portfolio company partners over the last few days. The vast majority of RIT's holdings have confirmed either no or de minimis exposure to SVB, while for the remainder a substantial portion of any funds is held in money market accounts custodied with a third-party bank, and therefore ringfenced from SVB. Shareholders will also note the recent announcements from policymakers in the US and UK regarding outstanding deposits at SVB and its affiliates. We are continuing to monitor the situation closely.

I find that strangely unreassuring.
Back to top Quote
2 users thanked Strangways for this post.
Guest on 13/03/2023(UTC), Aminatidi on 14/03/2023(UTC)
Jack Stratton
Posted: 14 March 2023 07:16:19(UTC)
#961

Joined: 24/01/2021(UTC)
Posts: 45

Thanks: 44 times
Was thanked: 112 time(s) in 29 post(s)
RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)

14 March 2023

Net Asset Value

The unaudited diluted net asset value of RIT Capital Partners plc as at 28 February 2023 (with debt at fair value) was 2,432p per £1 ordinary share (31 January 2023: 2,440p).

===

Hopefully now the buybacks will continue.
Back to top Quote
4 users thanked Jack Stratton for this post.
Sheerman on 14/03/2023(UTC), Rocca Billy on 14/03/2023(UTC), Raj K on 14/03/2023(UTC), dlp6666 on 14/03/2023(UTC)
mdss68
Posted: 14 March 2023 07:51:35(UTC)
#959

Joined: 20/09/2018(UTC)
Posts: 1,975
Strangways;260576 wrote:
Mr GL;260545 wrote:
RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)

13 March 2023

Update on Silicon Valley Bank

RIT Capital Partners plc ("RIT") has no direct exposure to Silicon Valley Bank ("SVB") in either the US or UK, nor to any of SVB's affiliate entities.

RIT has been in touch with the substantial majority of our third-party managers and portfolio company partners over the last few days. The vast majority of RIT's holdings have confirmed either no or de minimis exposure to SVB, while for the remainder a substantial portion of any funds is held in money market accounts custodied with a third-party bank, and therefore ringfenced from SVB. Shareholders will also note the recent announcements from policymakers in the US and UK regarding outstanding deposits at SVB and its affiliates. We are continuing to monitor the situation closely.

I find that strangely unreassuring.


I wonder if, as Rothschild (The Bank) are / were acting as "advisors", the IT felt the need to clarify their own position, people just read the name and make assumptions......
Back to top Quote
Thrugelmir
Posted: 14 March 2023 09:41:01(UTC)
#960

Joined: 01/06/2012(UTC)
Posts: 5,331

Thanks: 3258 times
Was thanked: 7894 time(s) in 3270 post(s)
mdss68;260640 wrote:
Strangways;260576 wrote:
Mr GL;260545 wrote:
RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)

13 March 2023

Update on Silicon Valley Bank

RIT Capital Partners plc ("RIT") has no direct exposure to Silicon Valley Bank ("SVB") in either the US or UK, nor to any of SVB's affiliate entities.

RIT has been in touch with the substantial majority of our third-party managers and portfolio company partners over the last few days. The vast majority of RIT's holdings have confirmed either no or de minimis exposure to SVB, while for the remainder a substantial portion of any funds is held in money market accounts custodied with a third-party bank, and therefore ringfenced from SVB. Shareholders will also note the recent announcements from policymakers in the US and UK regarding outstanding deposits at SVB and its affiliates. We are continuing to monitor the situation closely.

I find that strangely unreassuring.


I wonder if, as Rothschild (The Bank) are / were acting as "advisors", the IT felt the need to clarify their own position, people just read the name and make assumptions......


Vanguard Group appear to have the largest exposure with 11% of the equity across their funds. Signature bank which also collapsed at the weekend. Was also an S& P 500 constituent.
Back to top Quote
2 users thanked Thrugelmir for this post.
dlp6666 on 14/03/2023(UTC), Strangways on 14/03/2023(UTC)
Mostly Rational
Posted: 14 March 2023 11:13:22(UTC)
#962

Joined: 09/11/2021(UTC)
Posts: 312

Thanks: 108 times
Was thanked: 481 time(s) in 207 post(s)
Jack Stratton;260634 wrote:
[NAV announcement]

Hopefully now the buybacks will continue.


They already have today (well almost certainly, there aren't many other parties trading in blocks of precisely 25000 shares), eventually it will even make a difference to the share price; meanwhile the purchases are at least accretive.

I guess now the closest buyback before a new NAV is 6 calendar days, good to know they have the option to trade in their own shares on 80% of the days of a month when we're not waiting for a financial report.
Back to top Quote
 |  Edit by user
4 users thanked Mostly Rational for this post.
npf on 14/03/2023(UTC), dlp6666 on 14/03/2023(UTC), SF100 on 14/03/2023(UTC), Auric on 18/03/2023(UTC)
Big boy
Posted: 14 March 2023 11:34:07(UTC)
#950

Joined: 20/01/2015(UTC)
Posts: 6,685

Thanks: 5673 times
Was thanked: 11113 time(s) in 4253 post(s)
Jimbo69;260523 wrote:
I'm watching this too - personally i think that £18- £18.50 is reasonable entrypoint as it hits a 2% yield. The SP dropped to £15ish in the immediate aftermath of covid but seem to hover in the £18 range for the remainder of 2020.


If markets fell say 20% would your limits still stand. I always prefer discount limits as many don’t seem to realise limits IMO should be relative to others. So many only look at SPs and sell not realising that the NAV
may have performed relatively well. Also we see investors piling in at near NAV and are in most are in till a few start the slide …RCP now has net sellers who are making the SP more attractive to willing buyers …we need to appreciate these sellers and understand why do you sell at say 20% to Global values to-day.

Edit looks like you are a buyer on about 24-26% discount. Buy backs don’t seem to be winning and not sure what happens when it reaches say 10% of stock bought back and all those underlying stocks have been sold. DCM is not always the answer so we may see high discounts for some time especially as a controlled Trust.
Back to top Quote
 |  Edit by user
1 user thanked Big boy for this post.
Auric on 18/03/2023(UTC)
Logic Prophets
Posted: 14 March 2023 12:07:44(UTC)
#955

Joined: 23/07/2018(UTC)
Posts: 1,636

Thanks: 4064 times
Was thanked: 4012 time(s) in 1176 post(s)
Big boy;260674 wrote:
Jimbo69;260523 wrote:
I'm watching this too - personally i think that £18- £18.50 is reasonable entrypoint as it hits a 2% yield. The SP dropped to £15ish in the immediate aftermath of covid but seem to hover in the £18 range for the remainder of 2020.


If markets fell say 20% would your limits still stand. I always prefer discount limits as many don’t seem to realise limits IMO should be relative to others. So many only look at SPs and sell not realising that the NAV
may have performed relatively well.
Also we see investors piling in at near NAV and are in most are in till a few start the slide …RCP now has net sellers who are making the SP more attractive to willing buyers …we need to appreciate these sellers and understand why do you sell at say 20% to Global values to-day.



You don’t half talk some flippin twaddle BB!…. mean that in a nice way :-)
On the transactions page yesterday you suddenly became and ‘investor’ rather than a ‘punt/gambler’ and your usual mantra is about this ‘bull market’ and how “most” investors buy high/sell low and that they need to follow your lead (and I’m afraid some on here already do) and yet here your are… going on about net sellers making RCP more attractive to ‘willing buyers’ and ‘we need to appreciate sellers blah blah blah…. and yet….. from yesterdays transaction thread:
“Took a lot of money off table to-day (top sliced overweigh and cut punts** such as RCP etc.) so looking for Investments rather than punts/gamble”

So, where is your bull market.. buying when others are selling… follow my lead….discounts are where its at… investors just don’t get it like I do blah now ?

** so what else did you cut ?
Back to top Quote
 |  Edit by user
6 users thanked Logic Prophets for this post.
Guest on 14/03/2023(UTC), Thrugelmir on 14/03/2023(UTC), Big boy on 14/03/2023(UTC), mdss68 on 14/03/2023(UTC), Phil 2 on 14/03/2023(UTC), Guest on 14/03/2023(UTC)
Big boy
Posted: 14 March 2023 12:54:21(UTC)
#956

Joined: 20/01/2015(UTC)
Posts: 6,685

Thanks: 5673 times
Was thanked: 11113 time(s) in 4253 post(s)
Deleted as no interest or response.....
Back to top Quote
 |  Edit by user
140 Pages«Previous page9394959697Next page»
+ Reply to discussion

Markets

Other markets