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Markets - Minor Correction? (Edit: Question Answered)

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    cloud_dog said:
    I see the RNS for RCP re the NAV (can I squeeze any more 3LA's in?) appears to be having a super effect on the price in this positive market day.
    NAV had dropped by February . If you are referring to todays annual results (@ 31st December 2019) release.  
  • cloud_dog
    cloud_dog Posts: 6,344 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    cloud_dog said:
    I see the RNS for RCP re the NAV (can I squeeze any more 3LA's in?) appears to be having a super effect on the price in this positive market day.
    NAV had dropped by February . If you are referring to todays annual results (@ 31st December 2019) release.  
    It has but the general market increase would not usually relate to a near 5% increase for RCP on this type of positive day (2% to 3% maybe) so the remainder I put down to likely demand (obvious I know but...) relevant to the annual results / confirmation of the NAV increase.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    cloud_dog said:
    cloud_dog said:
    I see the RNS for RCP re the NAV (can I squeeze any more 3LA's in?) appears to be having a super effect on the price in this positive market day.
    NAV had dropped by February . If you are referring to todays annual results (@ 31st December 2019) release.  
    It has but the general market increase would not usually relate to a near 5% increase for RCP on this type of positive day (2% to 3% maybe) so the remainder I put down to likely demand (obvious I know but...) relevant to the annual results / confirmation of the NAV increase.
    RCP has a considerable unquoted portfolio. Makes the NAV quoted at any given point of time subjective. 
  • VXman
    VXman Posts: 659 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Fed has cut interest rates in a surprise move. G7 ready to take appropriate action to maintain price stability and growth. 
    Provides an underpin to the markets to remain rational. 
     
    I poured some money into my Vanguard LS in case things improve. No doubt they’ll continue to fall now!
  • cloud_dog
    cloud_dog Posts: 6,344 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    RCP has a considerable unquoted portfolio. Makes the NAV quoted at any given point of time subjective. 
    Quite.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • aesthetic
    aesthetic Posts: 35 Forumite
    Third Anniversary 10 Posts
    Well things certainly got a whole lot worse...!
  • Kendall80
    Kendall80 Posts: 965 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    aesthetic said:
    Well things certainly got a whole lot worse...!

    Indeed. I was weathering the storm up until that -7% day - rocked my portfolio quite a bit did that one. My kids JISAs even at just 50% equities took a 3-4% daily hit. Best I carefully and with great thought throw some more cash into them.

  • DairyQueen
    DairyQueen Posts: 1,857 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    aesthetic said:
    Well things certainly got a whole lot worse...!
    I suspect that we have a fair ways to go yet and yesterday will seem like just another day at the office with hindsight (!)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    aesthetic said:
    Well things certainly got a whole lot worse...!
    Dead cat bounce today...........
  • Username999
    Username999 Posts: 536 Forumite
    500 Posts First Anniversary Name Dropper
    Thought it was going to be 'Buy the Rumour, Sell the News' . (Payroll tax)
    :)
    One person caring about another represents life's greatest value.
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