RIT Capital Partners - Initiation from QuotedData
11th 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 Partners Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name 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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