RCM Technology Trust PLC

melbury

I wonder if anyone can help. 

I have a share certificate for the above company but when I Google it all I get is Allianz Technology Trust Plc.

Does this simply mean there has been a name change and I have not been issued with a new share certificate?  

Peter314

https://www.whatinvestment.co.uk/rcm-technology-trust-changes-name-2469312/

Googled it for you.

melbury

Peter314 said:

https://www.whatinvestment.co.uk/rcm-technology-trust-changes-name-2469312/

Googled it for you.

I saw that but didn't think it could relate to my share certificate because on checking the share price of Allianz Technology Trust Plc is very high.

Does a share price of 2,745.00 mean it is £27.45 per share? Confused.

Shouldn't they have automatically sent me a new share certificate when the company name was changed?  

wmb194

"Following the merger of RCM with Allianz Global Investors last year, the Board has resolved to change the Company's name to Allianz Technology Trust PLC and has reserved ATT as the new ticker for the Company. It is intended that the new name and ticker will come into effect around 18 August 2014."

https://www.investegate.co.uk/rcm-technology-trust--att-/rns/half-yearly-report/201407300700116567N/

It's not obvious from a skim of its RNS' that it's had any rights issues or whatnot but you could trawl through them. Contact the registrar and see what it says.
https://www.investegate.co.uk/Index.aspx?searchtype=3&words=Att&pno=1

melbury

wmb194 said:

"Following the merger of RCM with Allianz Global Investors last year, the Board has resolved to change the Company's name to Allianz Technology Trust PLC and has reserved ATT as the new ticker for the Company. It is intended that the new name and ticker will come into effect around 18 August 2014."

https://www.investegate.co.uk/rcm-technology-trust--att-/rns/half-yearly-report/201407300700116567N/

It's not obvious from a skim of its RNS' that it's had any rights issues or whatnot but you could trawl through them. Contact the registrar and see what it says.
https://www.investegate.co.uk/Index.aspx?searchtype=3&words=Att&pno=1

Thank you for the information.  

Basically in January 2013 I asked Capita to send me a share certificate for my shares in RCM Technology Trust PLC, as I was incurring a charge for them holding the shares on my behalf.  I then filed it away. 

Just wanted to get an up to date valuation today but couldn't find the company only Allianz.  So is the price per share now £27.45?  It would be so much easier to understand if they would put the £ sign and decimal point.  

eskbanker

The price is stated to be shown in GBX, which is pence, as opposed to GBP, which you can probably guess is pounds....

Eco_Miser

melbury said:

 So is the price per share now £27.45?  It would be so much easier to understand if they would put the £ sign and decimal point.  

Yes, the price shown is £27.45.

Since the £ sign is used for more than pounds sterling international finance prefers to use a three letter code, in this case GBX for pence sterling (Great Britain, minor currency unit), written right above the 2745.00.  Pence are used rather than pounds because a substantial number of shares are only tens of pence each (with increments as small as one hundredth of a penny), and mixing units between shares could cause massive confusion and potential monetary loss.

melbury

Eco_Miser said:

melbury said:

 So is the price per share now £27.45?  It would be so much easier to understand if they would put the £ sign and decimal point.  

Yes, the price shown is £27.45.

Since the £ sign is used for more than pounds sterling international finance prefers to use a three letter code, in this case GBX for pence sterling (Great Britain, minor currency unit), written right above the 2745.00.  Pence are used rather than pounds because a substantial number of shares are only tens of pence each (with increments as small as one hundredth of a penny), and mixing units between shares could cause massive confusion and potential monetary loss.

Thank you, that is amazing because when I last checked they were worth about half of this.

melbury

I can't understand what has happened to Allianz Technology Trust plc.  I went to check the share price this morning and it has gone down from £29+ per share to about £2.90 per share. 

Please does anyone know what is going on with this?

I haven't received any communications from the company, so can't understand what has happened.

Linton

melbury said:

I can't understand what has happened to Allianz Technology Trust plc.  I went to check the share price this morning and it has gone down from £29+ per share to about £2.90 per share. 

Please does anyone know what is going on with this?

I haven't received any communications from the company, so can't understand what has happened.

You should have received communications some time ago.  Allianz Technology Trust has revalued its shares so you now have 10 times as many at 1/10th the cost.

see: https://www.allianztechnologytrust.com/

MX5huggy

They have done a share split so every share has been turned in to 10. Hence the price is 1/10th of the previous price. If you’ve made money I would sell and diversify into something less risky than a single stock. 

https://www.investegate.co.uk/allianz-tech-trust/rns/share-split-announcement/202104291800019547W/

I’m guessing you’re not an experienced investor.