Polar Capital Technology Trust (PCT)

Sector:

Investment Firms

Index:

FTSE 250

1,936.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 1,938.00
  • 52 Week Low: 1,232.00
  • Currency: UK Pounds
  • Shares Issued: 134.57m
  • Volume: 233,705
  • Market Cap: £2,605.20m
  • RiskGrade: 212

Polar Capital Tech Trust sees first-half growth amid tough market

By Josh White

Date: Thursday 12 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Polar Capital Technology Trust reported a 2% improvement in its total net assets in its half-year results on Thursday, to £1.97bn.
The FTSE 250 firm said its net assets per ordinary share also rose 2% to 1,474.95p, as its price per ordinary share moved 4.6% higher to 1,416p.

In comparison, its benchmark Dow Jones World Technology Index increased 4.7% in the same six months ended 31 October.

The board said no interim dividend was being declared for the period, following the nil dividends for the periods ended October 2018 or April 2019.

It added that there was also no intention to declare a dividend for the year ended 30 April 2020.

"The growth versus value debate is likely to be driven by the direction of risk-free rates and hopes of a trade deal," said Polar Capital's director of technology, Ben Rogoff, of the firm's short-term outlook.

"However, we remain hopeful that the current rotation is likely to prove a tremor rather than a seismic shift in investment style, particularly if the Japanese experience proves a useful guide.

"We certainly hope so as the past few months have been challenging for our investment approach and we have no desire to dust off our value playbook, nor hunt for value in washed-out enterprise tech, IT services companies and would-be turnarounds."

At 1022 GMT, shares in Polar Capital Technology Trust were up 0.54% at 1,473.94p.

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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 1,936.00p
Change Today 4.00p
% Change 0.21 %
52 Week High 1,938.00
52 Week Low 1,232.00
Volume 233,705
Shares Issued 134.57m
Market Cap £2,605.20m
RiskGrade 212

PCT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.74% below the market average14.74% below the market average14.74% below the market average14.74% below the market average14.74% below the market average
44.38% below the sector average44.38% below the sector average44.38% below the sector average44.38% below the sector average44.38% below the sector average
Price Trend
90.11% above the market average90.11% above the market average90.11% above the market average90.11% above the market average90.11% above the market average
97.28% above the sector average97.28% above the sector average97.28% above the sector average97.28% above the sector average97.28% above the sector average
Income Not Available
Growth
31.73% above the market average31.73% above the market average31.73% above the market average31.73% above the market average31.73% above the market average
26.95% above the sector average26.95% above the sector average26.95% above the sector average26.95% above the sector average26.95% above the sector average

PCT Dividends

No dividends found

Trades for 22-May-2020

Time Volume / Share Price
15:41 35,000 @ 1,927.00p
16:35 8,201 @ 1,936.00p
16:29 33 @ 1,932.00p
16:29 93 @ 1,932.00p
16:29 109 @ 1,932.00p

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