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Pin to quick picksPolar Capital Technology Trust Share News (PCT)

Share Price Information for Polar Capital Technology Trust (PCT)

London Stock Exchange
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Share Price: 3,365.00
Bid: 3,365.00
Ask: 3,375.00
Change: 15.00 (0.45%)
Spread: 10.00 (0.297%)
Open: 3,365.00
High: 3,375.00
Low: 3,360.00
Prev. Close: 3,350.00
PCT Live PriceLast checked at -

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Polar Capital Technology FY Pretax Profit GBP124.7M

Fri, 11th Jun 2010 07:51

LONDON (Dow Jones)--Polar Capital Technology Trust PLC (PCT.LN) said Friday that for the year ended April 30, it made a pretax profit of GBP124.7 million on a total income of GBP129.2 million. MAIN FACTS: -NAV per share rose by 45.4%, outperforming the Dow Jones World Technology Index's rise of 39.6% and the FTSE World Index rise of 34.9%; -Asset growth was driven by successful strategic exposure to a number of the Company's core themes - data centre consolidation, broadband applications and ubiquitous computing; -The outlook for the technology sector remains positive. -Net asset value per share April 30, 315.13 pence (2009: 216.75 pence) -Total net assets GBP398.6 million (2009: GBP274.5 million) -Total income GBP129.2 million (2009: loss GBP14.0 million) -Pretax profit GBP124.7 million (2009: loss GBP16.9 million) -Net profit GBP124.4 million (2009: loss GBP17.3 million) -EPS 98.38 pence (2009: loss 13.28 pence) -Shares closed Thursday at 277.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com Order free Annual Report for Polar Capital Technology Tst plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0004220025 or call +44 (0)208 391 6028 (END) Dow Jones Newswires June 11, 2010 02:51 ET (06:51 GMT)
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11 Jun 2010 07:43

Tech rally lifts Polar Cap

Polar Capital Technology Trust outperformed its benchmark indices last year as global technology stocks bounced back strongly. Net asset value per share (NAV) in the year to 30 April 2010 rose by 45.4%, compared to a 39.6% increase on the Dow Jones World Technology Index and a 34.9% gain by the FTS

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5 Mar 2010 17:00

London close: Footsie hits 18-month high

Strong economic data from the US sent Footsie to its highest levels since late 2008. The leading share index closed a whisker shy of the 5,600 point mark. A much better than feared read on US non-payrolls sparked the surge. The US jobs figures showed 36,000 jobs were lost in February, compared wit

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5 Mar 2010 16:07

London afternoon: Footsie through 5,600, 18-month high

London's blue-chips have surged forward to an 18-month high and climbed above 5,600 for the first time since late 2008. A much better than feared read on US non-payrolls has spaeked today's surge, with the Dow adding 100 points and miners surging higher alongside bank shares. The US jobs figures s

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5 Mar 2010 11:58

London midday: Footsie powers on

London's blue-chips are nearing a 52-week high on renewed optimism over the banks, a good morning for miners and despite a mixed read on UK factory gate inflation. The cost of goods at the factory gates in February was 4.1% higher than a year earlier, a tad above the 4% annual gain expected by eco

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5 Mar 2010 09:41

Polar Cap Tech outperforms

Global technology stocks investment trust Polar Capital Technology was ahead of the game in the three months to end-January as tech stocks outpaced the market. Net asset value per share at 29 January was 265.6p, up 7.6% from the 246.8p at the end of October. Over the same period the Dow Jones World

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17 Dec 2009 06:10

Thursday tips round-up: GKN, Drax, Xchanging

GKN yesterday delivered its first upgrade to profit forecasts this year ? but you might not guess it from the shares in the aerospace and automotive engineer, which actually fell on the day. At 113½p, or eight times the best guess of 2011 earnings, the shares trade at a steep discount to US peers. B

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16 Dec 2009 08:32

Polar Cap Tech bounces back

Polar Capital Technology, the global technology stocks investment trust, said it outperformed its benchmark index in the first half of its financial year. Net assets rose 13.6% in the six months to end-October, compared to a rise of 11.5% in sterling terms for the Dow Jones World Technology Index.

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12 Jun 2009 07:47

Sterling weakness cushions Polar's losses

Polar Capital Technology, the investment trust that invests in global technology stocks, saw its decline in net asset value last year limited by the weakness of sterling. The company said its decision to greatly reduce its exposure to the UK market proved to be a good one as sterling fell substanti

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11 Jun 2009 17:25

Friday preview: John Lewis, Polar Capital, Plant Impact

Friday looks set to be the quietest day of a quiet week for company results, with weekly sales figures from Waitrose owner John Lewis likely to be the main focus in the morning, as investors look for trends that may give a clue to how the likes of Tesco, Sainsbury, Wm. Morrison and Debenhams are far

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