Witan Pacific Inv Trust (WPC)

Sector:

Investment Firms

Index:

FTSE Small Cap

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322.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 344.00p
  • 52 Week Low: 283.00p
  • Currency: UK Pounds
  • Shares Issued: 61.65m
  • Volume: 20,787
  • Market Cap: £198.50m
  • RiskGrade: 71
  • Beta: 0.02

Witan Pacific sets 2021 goal to outperform its benchmark

By Josh White

Date: Monday 11 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Witan Pacific Investment Trust updated shareholders on its performance on Monday, noting that it had experienced "some underperformance" relative to its benchmark in recent years.
The London-listed firm did say that it had achieved "significant absolute appreciation" in its underlying net asset value (NAV) and in its dividend over recent years, adding that benchmark underperformance was common with "many other" actively-managed funds.

Its board said it believed that the company must justify its actively-managed investment approach.

"Accordingly, the board has determined that, if the company does not deliver NAV total return outperformance of its benchmark over the period from the last financial year end to 31 January 2021, the board will put forward proposals which would include a full cash exit at close to NAV for all shareholders as soon as reasonably practicable after 31 January 2021," the firm said in its statement.

Witan Pacific described itself as a multi-manager investment trust, and the only investment trust with a pan-Asia mandate including Japan.

It had outperformed its benchmark - the MSCI AC Asia Pacific - since the inception of its multi-manager strategy in 2005.

"The board remains confident that the company's pan-Asian focus and multi-manager investment strategy can deliver attractive returns and long-term outperformance for shareholders, however the board believes it appropriate to offer shareholders the opportunity to realise their holding in the company at close to NAV, in the circumstances described," the directors added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WPC Market Data

Currency UK Pounds
Share Price 322.00p
Change Today -2.50p
% Change -0.77 %
52 Week High 344.00p
52 Week Low 283.00p
Volume 20,787
Shares Issued 61.65m
Market Cap £198.50m
Beta 0.02
RiskGrade 71

WPC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.53% below the market average59.53% below the market average59.53% below the market average59.53% below the market average59.53% below the market average
26.25% below the sector average26.25% below the sector average26.25% below the sector average26.25% below the sector average26.25% below the sector average
Price Trend
12.20% above the market average12.20% above the market average12.20% above the market average12.20% above the market average12.20% above the market average
7.73% below the sector average7.73% below the sector average7.73% below the sector average7.73% below the sector average7.73% below the sector average
Income
43.72% below the market average43.72% below the market average43.72% below the market average43.72% below the market average43.72% below the market average
5.75% below the sector average5.75% below the sector average5.75% below the sector average5.75% below the sector average5.75% below the sector average
Growth
70.29% above the market average70.29% above the market average70.29% above the market average70.29% above the market average70.29% above the market average
71.09% above the sector average71.09% above the sector average71.09% above the sector average71.09% above the sector average71.09% above the sector average

WPC Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-19 18-Oct-18
Paid 18-Jun-19 29-Oct-18
Amount 4.50p 2.50p

Trades for 23-Aug-2019

Time Volume / Share Price
16:41 7,500 @ 322.00p
16:05 1,000 @ 320.00p
14:19 5,245 @ 322.28p
13:45 1,098 @ 320.00p
13:45 1,086 @ 320.00p

WPC Key Personnel

Chair Susan Platts-Martin

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