Polar Capital Technology Trust (PCT)

Sector:

Investment Firms

Index:

FTSE 250

1,930.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 1,944.00
  • 52 Week Low: 1,232.00
  • Currency: UK Pounds
  • Shares Issued: 135.85m
  • Volume: 92,431
  • Market Cap: £2,621.94m
  • RiskGrade: 190

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 1,930.00p
Change Today 14.00p
% Change 0.73 %
52 Week High 1,944.00
52 Week Low 1,232.00
Volume 92,431
Shares Issued 135.85m
Market Cap £2,621.94m
RiskGrade 190

PCT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.07% below the market average13.07% below the market average13.07% below the market average13.07% below the market average13.07% below the market average
45.72% below the sector average45.72% below the sector average45.72% below the sector average45.72% below the sector average45.72% below the sector average
Price Trend
89.80% above the market average89.80% above the market average89.80% above the market average89.80% above the market average89.80% above the market average
96.20% above the sector average96.20% above the sector average96.20% above the sector average96.20% above the sector average96.20% above the sector average
Income Not Available
Growth
32.19% above the market average32.19% above the market average32.19% above the market average32.19% above the market average32.19% above the market average
27.16% above the sector average27.16% above the sector average27.16% above the sector average27.16% above the sector average27.16% above the sector average

PCT Dividends

No dividends found

Trades for 05-Jun-2020

Time Volume / Share Price
11:24 597 @ 1,926.16p
11:22 80 @ 1,926.18p
11:22 987 @ 1,926.16p
11:22 17 @ 1,928.60p
11:21 265 @ 1,934.00p

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