Polar Capital Technology Trust (PCT)

Sector:

Investment Firms

Index:

FTSE 250

1,482.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 1,500.00
  • 52 Week Low: 1,066.00
  • Currency: UK Pounds
  • Shares Issued: 133.82m
  • Volume: 172,132
  • Market Cap: £1,983.29m
  • RiskGrade: 74
  • Beta: 1.30

Polar Capital Technology reports on 'frustrating' year

By Josh White

Date: Tuesday 05 Jul 2016

LONDON (ShareCast) - (ShareCast News) - Investment trust Polar Capital Technology published a set of lacklustre preliminary results on Tuesday, with its chairman describing the 12 months to the end of April as "frustrating".
The FTSE 250 firm's total net assets stood at £801.3m on 30 April, a 1% improvement on a year ago, with net assets per ordinary share also moving 1% higher to 605.51p.

Polar Cap's price per ordinary share was down 4.4% to 566p, with the discount of ordinary share price to net asset value per share widening to 6.5% from 1.2%.

"It has been a frustrating year in world equity markets, with a protracted sideways movement punctured by severe setbacks of a similar magnitude and duration in both July 2015 and January 2016," commented chairman Michael Moule.

"The global technology sector performed better than the broader indices for most of our financial year but finished in line with the FTSE World Index after a sharp decline in several of the leading technology stocks in April."

Moule said the company's investment team, led by Ben Rogoff, had a challenging year, but he said he was pleased with the 1% increase in net asset value against a decline of 0.1% in the benchmark.

"In local currency terms most markets were down slightly over our financial year, but a 4.7% decline in sterling versus the US dollar provided us with a fortuitous tailwind.

"The seemingly pedestrian performance of the past year should be viewed against the 30.7% increase in our NAV the year before, and our longer term performance versus the benchmark is positive over all periods in the last 6 years," Moule explained.

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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.

 

PCT Market Data

Currency UK Pounds
Share Price 1,482.00p
Change Today 14.00p
% Change 0.95 %
52 Week High 1,500.00
52 Week Low 1,066.00
Volume 172,132
Shares Issued 133.82m
Market Cap £1,983.29m
Beta 1.30
RiskGrade 74

PCT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.27% above the market average10.27% above the market average10.27% above the market average10.27% above the market average10.27% above the market average
1.19% above the sector average1.19% above the sector average1.19% above the sector average1.19% above the sector average1.19% above the sector average
Price Trend
81.28% above the market average81.28% above the market average81.28% above the market average81.28% above the market average81.28% above the market average
95.16% above the sector average95.16% above the sector average95.16% above the sector average95.16% above the sector average95.16% above the sector average
Income Not Available
Growth
28.96% above the market average28.96% above the market average28.96% above the market average28.96% above the market average28.96% above the market average
26.04% above the sector average26.04% above the sector average26.04% above the sector average26.04% above the sector average26.04% above the sector average

PCT Dividends

No dividends found

Trades for 15-Nov-2019

Time Volume / Share Price
16:35 28,219 @ 1,482.00p
16:29 45 @ 1,474.00p
16:29 35 @ 1,474.00p
16:28 300 @ 1,476.00p
16:28 333 @ 1,478.00p

PCT Key Personnel

Chair Michael Moule

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