RCS - RIT Cap. Partners - Update from QuotedData

RIT Capital PartnersAnnouncement

20/06/2024 07:00

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RNS Number : 1326T  RIT Capital Partners PLC  20 June 2024

RIT Capital Partners- Update from QuotedData

19(th) June 2024

Change in fortunes on the horizon

RIT Capital Partners' (RIT's) private (unquoted) investments portfolio, which
for the past two years has dragged on the trust's net asset value (NAV)
returns, could be the spark for a change in its fortunes over the next 12
months. Several holdings are considering initial public offerings (IPOs) that
could present healthy premiums to the typically conservative values that they
are held at on RIT's books and will allow the manager to reallocate capital to
areas of the equity and credit markets that it has identified as undervalued.

RIT's equity portfolio has performed broadly in line with equity markets,
which is no mean feat considering it has held a de minimis position in the
so-called 'magnificent seven' mega-cap tech stocks (Alphabet, Apple, Amazon,
Meta, Microsoft, Nvidia and Tesla). This is testament to the team's stock
picking ability. Allocating a larger share of RIT's capital to this investment
pillar could bear substantial fruit. Given the improving outlook, the trust's
current discount to NAV of 30.9% looks a highly attractive entry point.

Full Research:

https://quoteddata.com/research/rit-capital-partners-change-in-fortunes-on-the-horizon-qd/
(https://quoteddata.com/research/rit-capital-partners-change-in-fortunes-on-the-horizon-qd/)

This research is also available free on our website www.quoteddata.com
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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
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