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MMs appear to holding this share back, no wonder the UK market is bad, the MMs need to let shares go...
Should see a decent rise next week here
https://www.marketwatch.com/story/s-p-500-once-again-on-track-for-record-close-is-a-stock-market-breakout-near-ee422835?mod=newsviewer_click
Double bottom on the chart - could bounce nicely upwards from here, long overdue
US tech bounding higher and POLR down off recent highs, have topped up @ 440p
All, the question is, over time are the top funds (historically) nlikely to outperform a retail investor holding say 10 of the usual shares. fund types im thinking of examples like polar cty jp morgon growth income.
My 2usual" 10 shares r royce vod lgen aviva tesco etc have performed better than funds....
As said, i would much rather 3 funds to buy and forget !
And with a pension to drawdown shortly, even more important,
Why not use a managed fund then? I have a proportion of my funds under management, but it depends on what level of risk is acceptable to you how well or badly they perform.
Surely a managed fund especially in tech sector should do better than retail investors with 10 or so stocks????
This was 900 3 yrs ago....
A very standard researched set of 10 stocks by an average investor...ie aviva lgen glaxo r royce i uranium tesco e mostly high div or well known blue chip have performed way better than polar or cts, funds with top managers....
How come??????
i so want to convert a pension pot to drawdown not an annuity, and would rather used managed funds.
Should see a decent bounce back up today as Divis get re invested....;-)
Anyone else topping up with tomorrow's divi payout?
I have added @ 442p too, nice opportunity to top up for the longer term ;-)
Active managers to be active and do what they are paid to do … too many managers fail to beat their benchmarks.
Active management in long term decline as punters unwilling to pay the fees. So only solution is market consolidation to enable reduction in fees by consolidating staff (i.e. sackings)and rationalising property, regulatory, IT costs and many others
Bought a few more this morning, rightly or wrongly! Ever the optimist..
Bit disappointed tbh...thought the update would be more positive than this....
Link to note here: https://www.equitydevelopment.co.uk/research/forecasts-up-on-performance-fee-jump
AUM grew £0.43bn or 2.2% over Q3 of FY24 (01 Oct 23 - 31 Dec 23) to £19.56bn and is now slightly above our previous £19.40bn forecast for the 31 Mar 24 FY-end. Investment performance was exceptionally strong in the quarter, contributing +£1.51bn or +7.9% of opening AUM. This was despite a currency headwind which would have depressed GBP AUM levels of USD holdings (GBP/USD +4% over Q3 from 1.22 to 1.27).
Performance fee profits (net of staff allocations) jumped from the previous marked-to-market £1.3m, to £9.6m. As most PF’s crystallise at the end of December, this increase is now secured and not merely a mark-to-market estimate. FY24 forecasts have been upgraded accordingly.
Our fundamental valuation rises to 600p per share (32% above the current share price) as a result of the increased FY24 forecasts, and a fall in 10Y-gilt-yields (the risk-free rate used in our DCF valuation). This gap between fundamental value and share price is supported by our view that both Polar’s PER (12.3) and that of the sector (13.1) have the potential for a re-rating.
Closed above the 460p resistance yesterday.....getting ready for a decent rise here very soon with the AuM update due on the 12th Jan....could rise quickly....;-)
Noticed a big increase in volume of late in POLR, including today. Promising for a decent rise in SP pre the next AuM update on 12th Jan...;-)
I believe the MMs play games on opening to try and flush out sellers on the cheap, there have been 55k and 50k buys today. Someone is loading up here....pre update in Jan....;-)
All things considered it is holding up well. Although it did drop to c. 420p first thing. A seller taking profit and a buyer's opportunity?
Volume has spiked up today....;-)
Last year the AuM update was 12th Jan....should be interesting....huge value here at this SP imo....
Me too, not sure why this us being held back to be honest, I'm expecting a good update for inflows in the new year...gl...
The current price seemed a good top up opportunity. It'll probably weaken further because that's what happens when I buy stuff, but I'll get a bit more dividend and have lowered my avg price significantly.
There is certainly a drag on the SP, was expecting it to be up near 500p again by now