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Polar capital

General discussions about equity high-yield income strategies
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Polar capital


Postby Gadgeisbackagain » July 12th, 2019, 8:59 am

Any views on this one?

Looks like an interesting hyp tiddler?

Divs over 5 per cent.


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Re: Polar capital


Postby monabri » July 12th, 2019, 9:36 am

I have a small holding in Polar Capital Technology (PCT) which is one of Polar's (POLR) funds.

Revenue forecasts over the next 3 years...flattish
Very attractive return on capital employed of 58%
No debt
Lots of cash ( relative to the size of the business)
Well covered dividend (1.8)
CEO is in post over 2 years (feet under the table...I dont care much for new CEOs so that's a positive )
The CEO and another exec have bought £150k and £180k of shares on May 1st 2019.
However the founder of the company Mr Ashford-Russell sold £2m in 2 chunks in Q1 this year...that would need some background digging ( reason?).

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Re: Polar capital


Postby richfool » July 12th, 2019, 12:58 pm

If you are talking about Polar Capital itself, then this snippet might be of interest (21/24th June):
The company has already disclosed that assets under administration rose from £12bn to £13.8bn in the past financial year, a 15% gain, with net inflows adding £0.6bn and markets/performance £1.3bn. Consensus expects pre-tax profit of £68m.

Peel Hunt analyst Stuart Duncan said: “Although these will show a record level of profitability, driven in part by performance fees, conditions more recently have been challenging. As has already been reported in April’s update, H2 was very different from H1 in terms of flow momentum. Whilst H1 saw positive inflows of £0.9bn (and overall AUM growth of 23%), Q3 saw outflows of £0.3bn before some stabilisation in Q4 with outflows of just £0.1bn.” ... t-results/

Polar Capital also gets a mention here, in IC, accessible via a google search:
Inflows to funds managed by Polar Capital (POLR) came to £150m in the three months to 30 June, split between long-only and alternative mandates. The group’s funds also benefited from £727m of market movements and performance, pushing assets under management up 6 per cent overall to £14.7bn. Chief executive Gavin Rochussen called the result “pleasing”, and the shares remain a buy. ... vior-more/

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