RIT Capital Partners PLC Net Asset Value(s)
18 Marzo 2024 - 1:00AM
RNS Regulatory News
RNS Number : 1331H
RIT Capital Partners PLC
18 March 2024
RIT
Capital Partners PLC (LEI: P31Q1NLTW35JJGHA4667)
18 March
2024
29
February 2024 Net Asset Value
The unaudited diluted net asset value (NAV) of
RIT Capital Partners plc as at 29 February 2024 (with debt at fair
value) was 2,474p per £1 ordinary share (31 January 2024:
2,415p).
February 2024
Highlights
Global equities performed well in February, on
the back of strong corporate earnings, continued US economic
strength and a rebound in China. This was despite an increase in
government bond yields across developed markets as stronger
inflation pared back expectations of imminent rate cuts. In the US,
the S&P 500 was +5.3%, with a significant portion of the gains
occurring after NVIDIA published earnings. The Chinese Shenzhen
index rose 9.4% in the month, driven by good data over the Chinese
New Year and cuts to the key mortgage reference rate. Japanese
stocks remained strong with solid corporate earnings driving the
TOPIX up by 4.9% in February. Strong inflation and growth data in
the US led to the US dollar rising against most currencies, with
sterling ending February weaker against the dollar by
-0.5%.
Our portfolio performed well for the month,
driven by gains in our quoted equities book from our managers and
individual stock selection. Uncorrelated strategies also generated
healthy returns, while private investments were approximately flat
for the month.
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Our quoted equities book generated solid
returns driven by strong earnings results from directly held stocks
alongside healthy contributions from our core managers. Chinese
holdings were also a solid contributor during the month.
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Private investments held steady during the
month. As of 29 February, 23% of private funds were valued at 31
December reported valuations and 76% were held at 30 September
reported valuations. All private direct positions are valued at 31
December, in line with our half-yearly valuation process for these
holdings.
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Uncorrelated strategies generated healthy
returns during the month, driven by positive contributions from our
credit and market neutral strategies.
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Currencies contributed positively during the
month, as sterling's decline versus the US dollar led to positive
translation impacts.
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The Board continued its active buyback
programme, generating a further accretive impact to the NAV per
share. In the month of February, the Company repurchased
approximately 0.5 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
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Rit Capital Partners (LSE:RCP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Rit Capital Partners (LSE:RCP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
