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Ruffer Investment Company Limited (RICA.L)
| Previous close | 307.00 |
| Open | 308.86 |
| Bid | 307.00 x 0 |
| Ask | 308.00 x 0 |
| Day's range | 305.00 - 309.80 |
| 52-week range | 233.00 - 309.80 |
| Volume | 617,236 |
| Avg. volume | 529,366 |
| Market cap | 680.505M |
| Beta (5Y monthly) | 0.25 |
| PE ratio (TTM) | 8.43 |
| EPS (TTM) | 36.40 |
| Earnings date | 06 Oct 2021 |
| Forward dividend & yield | 0.02 (0.55%) |
| Ex-dividend date | 14 Oct 2021 |
| 1y target est | N/A |
- Reuters
Bitcoin falls to 3-week low as IRS seeks approval for reporting rules
LONDON (Reuters) -Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the U.S. Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on crypto transfers. IRS chief Charles Rettig said on Tuesday that Congress needs to provide clear statutory authority for the tax agency to collect information on cryptocurrency transfers valued at over $10,000 that largely go unreported. Rettig said before the Senate Finance Committee that cryptocurrency market capitalization is over $2 trillion, with more than 8,600 exchanges worldwide.
- Reuters
Bitcoin falls to three-week low as IRS seeks approval for reporting rules
Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the U.S. Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on crypto transfers. IRS chief Charles Rettig said on Tuesday that Congress needs to provide clear statutory authority for the tax agency to collect information on cryptocurrency transfers valued at over $10,000 that largely go unreported. Rettig said before the Senate Finance Committee that cryptocurrency market capitalization is over $2 trillion, with more than 8,600 exchanges worldwide.
- The Telegraph
Questor: Bitcoin gave this trust a boost – either way it remains an ideal inflation-buster
For a conservatively run trust, Ruffer Investment Company caught fire last year. After a relatively mild fall to 209p in the coronavirus sell-off of February and March it staged a very quick recovery that has kept going all the way to last night’s close of 291p. In fact the shares gained more between March last year and today – 82p or 39pc – than they did in the 10 years to the eve of the sell-off in February last year (about 40p or 22pc). Some of this spectacular recent performance can be attributed to its well-timed and well-publicised investment in Bitcoin, the digital currency. The trust allocated about 2pc of its assets to Bitcoin in November when the price stood at about $15,000 (£11,000) and progressively sold as the virtual currency soared to a peak of $63,500. It sold out completely last month. This brilliant purchase is almost incidental to the trust’s credentials, however. It exists to preserve its investors’ capital in real terms and it has always chosen its mix of assets with more than one eye on what it has long seen as the inevitable return of inflation.
