Polar Capital Technology Trust (PCT)

Sector:

Investment Firms

Index:

FTSE 250

1,404.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 1,500.00
  • 52 Week Low: 1,066.00
  • Currency: UK Pounds
  • Shares Issued: 133.82m
  • Volume: 171,982
  • Market Cap: £1,878.90m
  • RiskGrade: 87
  • Beta: 0.17

Polar Cap Tech remains strong despite risks

By Josh White

Date: Tuesday 11 Jul 2017

LONDON (ShareCast) - (ShareCast News) - Polar Capital Technology Trust posted its preliminary results for the year to 30 April on Tuesday, with total net assets growing 56.3% to £1.25bn, and net assets per ordinary share increasing 56.% to 945.39p.
The FTSE 250 firm closed off the year at a price of 947p per ordinary share, up 67.3%, with a 0.2% premium of the share price to net asset value, compared to the 6.5% discount seen last year.

"Global equity markets continue to grind upwards supported by modest growth, low inflation, ultra low interest rates, and a lack of highly liquid alternatives to earn a return on cash," said chairman Michael Moule.

"As you would expect from a mature eight year old bull market, valuations look a bit stretched but still provide value relative to the return available on government bonds.

"In most cases, shareholders are kept sweet by dividend increases and share buybacks."

Moule said even the "relative political earthquakes" of Brexit and Trump have been digested and construed as positives.

"So I frankly have no idea when we will see another recession or global financial catastrophe and, with large and growing deficits and debt levels in most developed economies, politicians and central bankers are keen to keep interest rates and bond yields as low as possible.

"The technology sector continues to deliver both superior sales and earnings growth without the need for vast capital expenditure so the sector continues to be popular with general investors."

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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 1,404.00p
Change Today -4.00p
% Change -0.28 %
52 Week High 1,500.00
52 Week Low 1,066.00
Volume 171,982
Shares Issued 133.82m
Market Cap £1,878.90m
Beta 0.17
RiskGrade 87

PCT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.17% above the market average14.17% above the market average14.17% above the market average14.17% above the market average14.17% above the market average
10.06% above the sector average10.06% above the sector average10.06% above the sector average10.06% above the sector average10.06% above the sector average
Price Trend
77.96% above the market average77.96% above the market average77.96% above the market average77.96% above the market average77.96% above the market average
90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average
Income Not Available
Growth
29.26% above the market average29.26% above the market average29.26% above the market average29.26% above the market average29.26% above the market average
23.89% above the sector average23.89% above the sector average23.89% above the sector average23.89% above the sector average23.89% above the sector average

PCT Dividends

No dividends found

Trades for 22-Oct-2019

Time Volume / Share Price
16:35 58,551 @ 1,404.00p
16:28 36 @ 1,406.00p
16:28 28 @ 1,406.00p
16:28 54 @ 1,406.00p
16:24 213 @ 1,405.78p

PCT Key Personnel

Chair Michael Moule

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