Investment Trusts

Polar Capital Technology Trust

PCT:LSE

Polar Capital Technology Trust

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  • Price (GBX)2,090.00
  • Today's Change45.00 / 2.20%
  • Shares traded155.47k
  • 1 Year change50.58%
  • Beta0.8597
Data delayed at least 20 minutes, as of Aug 07 2020 16:35 BST.
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Profile data is unavailable for this security.

About the company

Polar Capital Technology Trust plc is an investment trust. The investment objective of the Company is to maximize long-term capital growth through investing in a diversified portfolio of technology companies around the world. The Company's investment portfolio includes a range of sectors, such as Internet software and services; semiconductors and semiconductor equipment; technology hardware, storage and peripherals; Internet and catalog retail; communications equipment; information technology (IT) services; electronic equipment, instruments and components; healthcare technology; diversified telecommunications services; aerospace and defense; media; healthcare equipment and supplies; household durables; chemicals; electrical equipment; wireless telecommunication services; automobiles, and life sciences tools and services. Its portfolio spans North America; Europe, and Asia and Pacific. Polar Capital LLP is the investment manager of the Company.

  • Revenue in GBP (TTM)383.47m
  • Net income in GBP360.10m
  • Incorporated1996
  • Employees0.00
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Profile

Management group(s)--
AIC sectorTechnology & Media
ISINGB0004220025
Launch date16 Dec 1996
Share typeOrdinary Share
Structure--
Base currencyGBP

Objective

To maximise capital growth for shareholders through investment in a broadly diversified international portfolio of technology stocks around the world. The Manager may use financial derivatives to help achieve the investment objective and to manage exposure to risk.

Managed by

Ben Rogoff, Fatima Lu, Xuesong Zhao, Alastair Unwin

Management & contract fees

Management fee of 1% p.a. on NAV up to GBP 800m, 0.85% above GBP 800m to 1.6bn, 0.8% above GBP 1.6bn to 2bn, 0.7% above GBP 2bn. Performance fee of 10% over Benchmark. Agreement terminable on notice period of 12 months.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Syncona Ltd-167.31m-195.56m1.71bn0.00--1.37-----0.2954-0.2954-0.25281.88-0.1214-------14.199.67-14.329.75------83.12----0.0011.02-138.10---147.55------
Sequoia Economic Infrastrctr Incm Fd Ltd-45.43m-65.36m1.77bn0.00--1.11-----0.0387-0.0387-0.0350.9669-0.0313-------4.50---4.85-------------68.250.0214---154.27---194.49------
Integrafin Holdings PLC105.37m44.44m1.81bn509.0040.7015.0639.2717.170.13410.13410.31810.36250.0068--18.07207,021.600.2873--22.26--95.80--42.18------0.0565--8.74--22.01------
Finsbury Growth & Income Trust PLC-121.45m-134.65m1.81bn0.00--1.11-----0.6006-0.6006-0.60627.53-0.0753-------8.3413.88-8.4614.04--95.73--94.69----0.022614.5870.4047.4073.5349.54--8.00
Smithson Investment Trust PLC16.17m237.16m1.88bn0.007.511.04--116.502.002.000.145814.480.0106--3.03--15.53--15.61--8.71--1,466.85------0.00--535.09--590.41------
Templeton Emerging Markets Inv Trust plc-197.11m-226.74m1.96bn0.00--1.12-----0.9492-0.9492-0.80287.32-0.0955-------10.993.59-11.353.72--78.53--71.88----0.053347.87-497.45---1,387.70----18.16
Greencoat UK Wind PLC102.13m59.11m2.22bn0.0037.561.22--21.730.03890.03890.06731.200.0417--170.22--2.416.232.426.2582.3590.2057.8775.78--4.790.25675.69-61.5816.19-78.617.29--2.41
Renewables Infrastructure Group Ltd145.63m162.03m2.38bn0.0011.521.19--16.350.1190.1190.10241.150.0919--17.87--10.229.2210.239.2499.8699.78111.26101.02----0.0068.2316.5544.4931.5747.39--1.96
Monks Investment Trust PLC75.66m58.29m2.52bn0.0042.421.28--33.310.2650.2650.34398.780.0367--9.97--2.8210.912.9811.4881.9194.1977.0492.57----0.0662.12-64.53-9.46-70.44-12.66---8.74
Alliance Trust PLC79.53m48.17m2.60bn5.0055.640.955653.8232.730.14380.14380.24138.370.0266--2.1315,906,600.001.6110.411.6411.0375.7196.2160.5690.04--9.450.066916.32639.2316.25490.4419.54--7.25
International Public Partnerships Ltd173.52m138.17m2.70bn0.0018.171.11--15.560.0920.0920.11521.510.0743--7.23--5.927.165.947.2082.9584.7579.6382.00----0.011468.373.4914.16-0.145313.54--2.78
3i Infrastructure PLC255.00m224.00m2.70bn0.0011.471.19--10.590.26430.26430.30092.550.1196--4.88--10.5114.3110.6914.7480.7882.3487.8476.05----0.0073.29-20.98-3.50-13.35-3.44--3.76
Polar Capital Technology Trust plc383.47m360.10m2.81bn0.007.601.19--7.322.692.692.8717.160.1723--9.17--16.1820.0616.7620.8094.6394.4993.9193.73----0.02410.00-6.4014.44-6.1314.08----
HICL Infrastructure PLC51.60m49.50m3.33bn0.0061.341.13--64.560.0280.0280.02851.520.0213------2.056.962.056.9699.8199.9495.9398.41----0.0082.18-82.23-27.27-82.66-26.50--2.52
F&C Investment Trust PLC192.42m154.83m3.70bn0.0023.980.9121--19.210.28530.28530.35467.500.0437--14.32--3.5210.613.5310.9286.4894.4080.4792.23----0.083115.01994.1022.15672.7224.06--4.52
Data as of Aug 07 2020. Currency figures normalised to Polar Capital Technology Trust's reporting currency: UK Pound GBX

Institutional shareholders

45.49%Per cent of shares held by top holders
HolderShares% Held
Rathbone Investment Management Ltd.as of 20 Aug 201914.39m10.48%
Brewin Dolphin Ltd.as of 30 Apr 20199.95m7.24%
Investec Wealth & Investment Ltd.as of 09 Jun 20206.81m4.96%
Quilter Cheviot Ltd.as of 04 Oct 20196.70m4.88%
Lazard Asset Management LLCas of 30 Apr 20196.38m4.65%
Hargreaves Lansdown Stockbrokers Ltd.as of 01 Jul 20205.58m4.06%
Smith & Williamson Investment Management LLPas of 01 Jul 20204.99m3.63%
J. M. Finn & Co. Ltd.as of 01 Jul 20202.93m2.14%
Legal & General Investment Management Ltd.as of 01 Jul 20202.43m1.77%
Hargreaves Lansdown Asset Management Ltd.as of 01 Jul 20202.30m1.68%
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Data from 31 Mar 2020 - 29 Jul 2020Source: FactSet Research Systems Inc.
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