RIT Capital Partners reports record net asset value per share

FTSE 250-listed investment trust RIT Capital Partners has reported its highest net asset value (NAV) per share of 1,309p on February 22nd, a financial update has shown.

FTSE 250-listed investment trust RIT Capital Partners has reported its highest net asset value (NAV) per share of 1,309p on February 22nd, a financial update has shown.

In the nine months ended December 31st, the company reported that it increased its net quoted equity exposure to 61% and overall investment exposure to 101% .

Advertisement - Article continues below

It said that it consolidated its portfolio, with an increasing focus on specific situations and paid a total dividend of 28p per share in August 2012.

The board reported that it intends to pay dividends of 14p per share in April 2013 and 14p per share in October 2013.

Since December 31st, the NAV grew 9.9% and the company said that net assets are currently over £2.0bn for the first time in the trust's history.

Lord Rothschild, Chairman of RIT Capital Partners, commented: "For the first time in RIT's history net assets now exceed £2.0bn, while the NAV on February 22nd of 1,309p represents a new all-time high."

He added: "We have not abandoned the overall caution which the world economy still demands but our focus has shifted more towards growth. To reflect our increasing confidence in markets we have reduced our defensive hedges and identified investments which are attractively valued. Our particular emphasis in the current year has been targeted at an improving US economy."

RIT Capital Partners' share price was up 5.12% to 1,232p at 11:35 on Thursday.




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020