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Seems to be dropping more and more. Like others, I have a substantial holding, and indeed have been adding as the price comes down, but now I am wary of missing something. Is anyone short-selling them? The market feels that the unlisted securities are overvalued, I'm told. If that is the case, have the management been complacent?
Taken the opportunity to add more to my ISA & SIPP.
Thanks Redwineday,
Only 400 shares to kick off. However, I hope to turn this into a core holding over time.
You are buying in at a good price. This is a corner stone of my retirement plan. Good enough for the Rothschild's is good enough for me!
Decided to start a position here for my ISA. Only a small position, but looking to steadily add to as I re allocate monies trimmed from other (hopefully profitable) shares.
Nice to start here with the SP at a 9% discount to NAV.
Incrementally over the last year and a half. Here's blue chip royalty in all its stodgy dependability: invest, walk away and get on with life...can't knock it. Luck to all.
It sems traditional that the end of year NAV is alway delayed.
Last year it was not issued until 4 February.
CHAT
IMHO, Canchat, this signifies there are more buyers than sellers of RCP. Probably because it is a beautifully managed investment trust. More complicated than most to value because only 50% of its' investments are in publicly quoted companies, but, if you have faith in management's considerable abilities, then it has proved a very profitable investment in the medium to long term.
Proved by the fact that today it has hit a new all-time high - £27.40. I bought in years ago on the basis that if it's good enough for the Rothschilds, then it'll probably do alright by me. It has.
Significant 75p (2.85%) increase today. Discount to recent (Oct 1st 2731p) NAV now only 0.77%.
Does this prophesy November substantial increase in NAV or a narrowing of the discount?
CHAT
Rmehta023:
Not entirely sure what it is you're after but the RIT's own "Ongoing charges figure" is 0.66%. (See the 2020 R&A)
Hi
I would be very grateful if someone could confirm the cost for holding RCP? I use interactive investor and the cost document states this would cost 4.7%? This seems excessively high for an investment trust?
Smart early investment.
Still well below NAV, for how much longer ?.
My largest personal holding and thrilled with 2020 NAV performance ,
around 3/4% above my expectations.
They are overweight both technology and domestic China,
both those sectors had a cracking January so would
expect end of January NAV to be in excess of £23 a share.
It may already be forgotten that RIT has often traded at a NAV premium,
so still available at a fat current NAV Discount.
Strong longer term buy imv.
RCP closes out 2020 with an unaudited NAV of almost £23, showing a 16% annual return (Capital gain plus dividends) for 2020.
Full year results in early March and the Rothschilds still own either 10%, or 20%, which is why I got in. Never many comments, but that does provide a good snapshot of the growth in value over the years. from £11 in 2012, through £15 in 2015 - It's as if the SP follows the last two digits of the number of the year. £30 in 2030 would do me proud, but I suspect Lord Rothschild will do better than that.
I am surprised how much it dropped for a defensive fund. Not been so good for 9 months. Thought that was some defensive action behind scenes.
About time things went up. What investments have gone sotj
RCP trades like a low volatility ETF. Downside is limited during market corrections, but you still get a steady continued upside. This is a top pick for when there is blood on the streets, as the Rothschild's would say.
20 % of this is owned by the Rothschilds. That's perhaps all you need to know.
Any long term holders able to comment having lived with this? I've DMOR as is always urged, but it's always nice to hear that what I've concluded for myself has resonance with others.
RIT Capital Partners is an investment trust, which seeks to achieve long-term capital growth by investing primarily in quoted securities. Established in 1988 to manage some of the wealth of the Rothschild family, this is a “wealth preservation” fund. It achieves this through a “multi-asset” approach, spreading investments across assets ranging from property and gold to shares listed in emerging markets. Currency exposure is also actively managed. Investors may miss the strongest gains when stock markets are rising, but can expect to make up ground in less certain times. The trust may move to a premium during market turmoil, so investors should time when to buy if they can. http://www.telegraph.co.uk/investor/ideas/telegraph-25-the-definitive-list-of-our-favourite-investment-fun/ DYOR
And it has finally taken off , only wish others would continue the love in with ARMS , come on Nat get ur family to buy some , spread the love!
Hi Jange, You seem to be LSE's free stock broker, and so I ask, "...when would you consider buying or buying more of RIT Capital Partners? During good times, or to drip feed money into this fund. I hold a fair few others, like MYI, CLIG, ATST, MIC, TEM & SMT. Thanks Scott
RCP was mentioned in this weeks Investors Chronicle magazine. Comments were only a sentence long, but commented that the NAV is now just a tad over 10% of a discount, and that this has been the case for awhile. Thus my view is to research how it performed during good times. Maybe Rothschilds bet on currency fluctuations might get this outperforming the investment funds, just like my MYI has done, and also CLIG.
With the NAV still around 7.4%, and a dividend of 3.35%, would this be one to invest into with what I have read about Rothschild betting on thee currency markets? Its one I'm now watching and think with my last invetment, I may take a big stab at it next summer when I can get access to money I stoid away in a fixed CASH for 2years. With market capital nearly at £1.96bn, to assets under books of £2.2bn, looks good to me as a buy.