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Jesse M
Posted: 05 January 2023 09:17:51(UTC)
#667

Joined: 30/12/2020(UTC)
Posts: 1,471
Isn't it Jupiter or something so have been unable to offload an unlisted stock (starling bank I think) recently held in two of their funds.
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Robin
Posted: 05 January 2023 09:20:24(UTC)
#660

Joined: 06/07/2009(UTC)
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Thrugelmir;252607 wrote:
Robin;252603 wrote:

The whole article is worth a read and a little disingenuous as there is not a lot different to what they knew when rating as a hold at a higher price in April.


The markets are in a very different place. Private equity valuation write downs are yet to be exposed. Unlike public companies there's no trading statements to base judgement on. Going to be a lot of companies that will be sold on at bargain prices.



Yes, absolutely. And they'll be in a different place in another six months. And six months after that. And again. So do you either try and trade your way through - I'm not clever enough - or be broadly satisfied with something like RIT that you should (should!) be able to hold over several investing cycles and "sea changes" and come out ok at the end. Something I do think about the likes of RIT when bracketed with the likes of CGT/RICA is that you need to hold for a long time to see the benefit of compounded returns. It has more recently here been scoffed for its lack of defensive characteristics or lauded for its trading potential. Buy and hold over time I would think is also a reasonable proposition for something like RIT.
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7 users thanked Robin for this post.
Logic Prophets on 05/01/2023(UTC), Phil 2 on 05/01/2023(UTC), Jesse M on 05/01/2023(UTC), Tim D on 05/01/2023(UTC), Sheerman on 05/01/2023(UTC), SF100 on 05/01/2023(UTC), William P on 05/01/2023(UTC)
mdss68
Posted: 05 January 2023 09:21:40(UTC)
#665

Joined: 20/09/2018(UTC)
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Fife Clive;252609 wrote:
I don’t believe Questor has added any new information into the market with their article (which as we know is designed to attract eyeballs of readers rather than grow their wealth). Hopefully no one has been scared or bullied by it into wealth destructive behaviour.

Was getting close to a sell last night as I was up about 7% against the index from my purchase in early December, now about 3%, holding on and topping up if it drops a further 5% or so against the index.


My guess is there were a lot of people reding their Telegraph this morning who either still have SUPP at the original IPO price, or who sold SUPP / WPCT at a loss at some point. A fair sized subset probably had woodford's fund too. When your idea of DYOR is reading HL mailshots and the Telegraph..........

Trying to come back, currently a bit stuck at the 50MA on the same chart I shared above, but I missed it as a trade, you guys know how wide the spread is in your world, in spread bet land it's a PITA!
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2 users thanked mdss68 for this post.
Robin on 05/01/2023(UTC), Phil 2 on 05/01/2023(UTC)
Logic Prophets
Posted: 05 January 2023 09:29:52(UTC)
#661

Joined: 23/07/2018(UTC)
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Robin;252611 wrote:
Thrugelmir;252607 wrote:
Robin;252603 wrote:

The whole article is worth a read and a little disingenuous as there is not a lot different to what they knew when rating as a hold at a higher price in April.


The markets are in a very different place. Private equity valuation write downs are yet to be exposed. Unlike public companies there's no trading statements to base judgement on. Going to be a lot of companies that will be sold on at bargain prices.



Yes, absolutely. And they'll be in a different place in another six months. And six months after that. And again. So do you either try and trade your way through - I'm not clever enough - or be broadly satisfied with something like RIT that you should (should!) be able to hold over several investing cycles and "sea changes" and come out ok at the end. Something I do think about the likes of RIT when bracketed with the likes of CGT/RICA is that you need to hold for a long time to see the benefit of compounded returns. It has more recently here been scoffed for its lack of defensive characteristics or lauded for its trading potential. Buy and hold over time I would think is also a reasonable proposition for something like RIT.


I agree Robin. If I had already been holding RIT I would be getting ready to press the top up button as part of the drip feed.
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Robin on 05/01/2023(UTC)
Phil 2
Posted: 05 January 2023 09:38:05(UTC)
#668

Joined: 20/07/2018(UTC)
Posts: 2,107
I downsized my RIT holding this morning to lock in over half the paper profit from the last month. Hedging my bets really. Will re-buy if goes down more (how speedy are Torygraph readers?!) or make more from remaining holding if it recovers. Bloody Telegraph!!!
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Mr GL
Posted: 05 January 2023 10:10:17(UTC)
#669

Joined: 18/10/2020(UTC)
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I had 18% in Rit in mid Dec when prices traded below 2000p... Rit themselves were buying shares at these prices... I have sold (reported on transactions) as the price has risen and was selling yesterday - highest price was 2200 ish...

left 4.7% RIT Capital RCP

official discount is 14% to end of Nov NAV is using 2110
I think even if they suffer a 25% shock write off in their private holdings they are still on a 4% discount...

I will keep buying and selling based off my assessment of rich / cheap and will try and keep reporting either here or on the transactions thread

Questor may be right.... but at these prices Rit doesn't seem expensive - for a 'risky' fund to be on a 14% discount - compared to many other investment trusts - doesn't seem to me to be overly tight...

Wish I'd sold more yesterday - but I do a lot of beta hedging so overall I am OK with a neutral ish position...

overall my beta risk is at the lows at +12% equity risk.... clearly I expect generally lower equity prices soonish.
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10 users thanked Mr GL for this post.
Robin on 05/01/2023(UTC), Sheerman on 05/01/2023(UTC), Logic Prophets on 05/01/2023(UTC), SF100 on 05/01/2023(UTC), mdss68 on 05/01/2023(UTC), Rocca Billy on 05/01/2023(UTC), Phil 2 on 05/01/2023(UTC), Ben's dad on 05/01/2023(UTC), Jesse M on 05/01/2023(UTC), Mr Bean on 05/01/2023(UTC)
Simon Martin
Posted: 05 January 2023 11:31:48(UTC)
#670

Joined: 19/02/2018(UTC)
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RCP now down 8.5% on the day...I think I will take a nibble...buy on the big down days
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4 users thanked Simon Martin for this post.
Mr GL on 05/01/2023(UTC), Phil 2 on 05/01/2023(UTC), William P on 05/01/2023(UTC), dlp6666 on 05/01/2023(UTC)
Alistair Binks
Posted: 05 January 2023 11:39:50(UTC)
#671

Joined: 21/11/2021(UTC)
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Has the (apart from very short term) investment case really been altered here by one newspaper article (one opinion)? With its big discount now being restored, surely still essentially a buy under 2000?
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6 users thanked Alistair Binks for this post.
Mr GL on 05/01/2023(UTC), Tim D on 05/01/2023(UTC), Phil 2 on 05/01/2023(UTC), Taltunes on 05/01/2023(UTC), William P on 05/01/2023(UTC), dlp6666 on 05/01/2023(UTC)
Rocca Billy
Posted: 05 January 2023 11:51:12(UTC)
#672

Joined: 11/01/2022(UTC)
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Sold @ 2,200 yesterday
Bought @2,002 today
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8 users thanked Rocca Billy for this post.
Simon Martin on 05/01/2023(UTC), Mr GL on 05/01/2023(UTC), MartynC on 05/01/2023(UTC), Phil 2 on 05/01/2023(UTC), Big boy on 05/01/2023(UTC), chazza on 05/01/2023(UTC), William P on 05/01/2023(UTC), dlp6666 on 05/01/2023(UTC)
Robin
Posted: 05 January 2023 11:51:24(UTC)
#674

Joined: 06/07/2009(UTC)
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Just added.
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2 users thanked Robin for this post.
Mr GL on 05/01/2023(UTC), William P on 05/01/2023(UTC)
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