RIT Capital Partners PLC Initiation from QuotedData
11 Avril 2023 - 1:48PM
RNS Non-Regulatory
TIDMRCP
RIT Capital Partners PLC
11 April 2023
RIT Capital Partners - Initiation from QuotedData
11(th) April 2023
A rare opportunity to buy a unique trust
Last year was a turbulent one for markets and, unusually, there
were few places for investors to hide, with nearly all asset
classes recording large declines. RIT's net asset value (NAV) also
fell in 2022, and this appears to have unnerved some investors who,
after 10 years of consecutive NAV uplifts, may have come to believe
that RIT's portfolio would never decline in value.
This has led to RIT Capital Partners (RIT) coming in for some
criticism recently, with some investors claiming that RIT has
'changed its stripes'. As a result, the shares have come under
short-term pressure and have been selling at a record discount to
NAV against recent history of around 23%. We believe this is
unjustified and presents a rare opportunity to buy a unique trust
with an impressive long-term track record (see page 33).
Full Research:
https://quoteddata.com/research/rit-capital-partners-rare-opportunity-buy-unique-trust-qd/
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NB: Marten & Co was paid to produce this note on RIT Capital
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of Marten & Co Limited which is authorised and regulated by the
Financial Conduct Authority. Marten & Co is not permitted to
provide investment advice to individual investors categorised as
Retail Clients under the rules of the Financial Conduct
Authority.
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(END) Dow Jones Newswires
April 11, 2023 07:48 ET (11:48 GMT)
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