RIT Capital Partners PLC Net Asset Value(s)
16 Maggio 2024 - 8:00AM
RNS Regulatory News
RNS Number : 6220O
RIT Capital Partners PLC
16 May 2024
RIT
Capital Partners PLC (LEI: P31Q1NLTW35JJGHA4667)
16 May
2024
30
April 2024 Net Asset Value
The unaudited diluted net asset value (NAV) of
RIT Capital Partners plc as at 30 April 2024 (with debt at fair
value) was 2,511p per £1 ordinary share (31 March 2024: 2,536p).
This is after deduction of the first interim dividend of 19.5 pence
per £1 ordinary share paid on 26 April 2024.
April 2024 Highlights
US and European equity markets declined in the
month of April, with the S&P 500 returning -4.1% in the period
and the STOXX Europe 600 returning -0.8%. Global indices also fell,
with the MSCI ACWI (50% £) down -2.6% for the month. This was on
the back of inflation data in the US coming in higher than
anticipated, which caused a shift in market expectations regarding
the timing and magnitude of interest rate cuts and led to the
2-year US Treasury yield rising above 5% for the first time since
November 2023. Reduced expectations for interest rate cuts in the
US saw the US dollar increase by +1% against sterling, while the
price of gold reached an all-time high in the middle of
April.
Our portfolio remained resilient during the
month, with a total return of -0.2% in April. This was driven by
gains from Private Investments offset by modest declines in our
Quoted Equities book, while Uncorrelated Strategies held
steady.
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Our Quoted Equities book declined slightly, as
healthy gains from certain US listed names and our holdings in
China combined with our active portfolio hedging helped to shield
the book from weakening in broader equity markets.
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Private Investments were a solid contributor
during the month, driven by gains from our private funds which
reported updated valuations. As of 30 April, 87% of our private
funds were held at 31 December reported valuations and 10% were
held at 31 March reported valuations. All private direct holdings
are valued at 31 December, in line with our half-yearly valuation
process for these holdings.
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Uncorrelated Strategies were resilient, with
credit holdings finishing flat and gold positions gaining during
the month.
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Currencies also contributed positively during
the month, driven by positive translation impacts from the US
dollar's increase versus sterling.
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For 2024, RIT has declared a dividend of 39
pence per share, an increase of 2.6% versus 2023 and representing
the 10th consecutive year of dividend increases. The
first instalment of 19.5 pence was paid on 26 April to shareholders
of record on 5 April, and the second instalment will be paid in
October 2024.
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The Board continued its active buyback
programme, generating a further accretive impact to the NAV per
share. Year to date as of 30 April, the Company has repurchased
approximately 1.4 million shares on behalf of
shareholders.
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For more
information:
J. Rothschild Capital Management
(Manager):
T: 020 7647 8565
E: investorrelations@ritcap.co.uk
Numis (Joint Broker):
David Benda
T: 020 7260 1000
JP Morgan Cazenove (Joint Broker):
William Simmonds
T: 020 3493 8000
Brunswick Group LLP (Media
enquiries):
Nick Cosgrove, Tom Burns
T: 020 7404 5959
E: RIT@BrunswickGroup.com
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END
NAVDELFFZELLBBE
Grafico Azioni Rit Capital Partners (LSE:RCP)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Rit Capital Partners (LSE:RCP)
Storico
Da Giu 2023 a Giu 2024