Share Name Share Symbol Market Type Share ISIN Share Description
Scottish Mort LSE:SMT London Ordinary Share GB00BLDYK618 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.80p +0.83% 341.50p 340.50p 341.20p 341.90p 334.30p 336.90p 1,583,746 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 32.9 22.3 1.7 205.7 4,474.74

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Date Time Title Posts
20/10/201615:37scottish mortgage Inv. trust charts288
04/7/201415:09Scottish Mortgage-

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Scottish Mort (SMT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
28/10/2016 16:35:23341.50245,645838,877.68UT
28/10/2016 16:29:55341.205531,886.84AT
28/10/2016 16:29:55341.101,3364,557.10AT
28/10/2016 16:29:54340.921,0003,409.20O
28/10/2016 16:29:52340.50191650.36NT
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Scottish Mort (SMT) Top Chat Posts

Scottish Mort Daily Update: Scottish Mort is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SMT. The last closing price for Scottish Mort was 338.70p.
Scottish Mort has a 4 week average price of 335.54p and a 12 week average price of 319.21p.
The 1 year high share price is 343.20p while the 1 year low share price is currently 219p.
There are currently 1,310,319,485 shares in issue and the average daily traded volume is 1,326,001 shares. The market capitalisation of Scottish Mort is £4,474,741,041.28.
quepassa: The potential growth of Amazon is not yet factored in to the current share price. ALL IMO. DYOR. QP
quepassa: After the big sell-off in summer, Illumina Inc. has recently staged a great recovery from $135 to $175. The mega-bid for Medivation today should further spur the sector. No stopping Amazon. Tesla share price is pro-tem treading water whilst newsflow keeps on getting more exciting. ScoMo now firmly past the 300p barrier and holding good at 310p plus. Personal expectation is that more money will be flowing into stocks, irrespective of likely Fed tightening. If Fed tightens after Jackson Hole meeting, this should further strengthen dollar against other currencies which will in turn again bolster sterling revaluations of dollar assets. Over twelve months, ScoMo is up by a whopping 22.5% approx. - That's an outsize movement for such a large fund. However, given their stock picks, conviction investing and North America portfolio bias and weightings, I personally remain confident of further strong performance to come in the short and mid-term. ALL IMO. DYOR. QP
galeforce1: It's all very well saying that we can now make new trading relationships with India, Latin America, Russia, China, Asia, etc, but the sad reality is that we sell almost nothing to India or China. That's because we have very little to sell. Being part of the EU doesn't seem to have stopped Germany, France and Italy building an enormous export trade to India and China. Why should anyone think that being outside the EU is suddenly going to improve the UK's export performance? It's just nonsense. The big reason for continuing to hold SMT is that it's follows what I call the 'Edinburgh world view' - which is that the UK economy is fundamentally very weak and that the sensible place to invest is outside the UK. I think I'm right in saying that less than 10% of the £3.5bn-odd in this trust is invested in the UK. The GBP is likely to keep on falling. SMT's GBP share price should continue to benefit from this.
quepassa: Illumina tanked yesterday on a warning from profits in Europe. The rest of the global sales for Illumina look fine. The 25% slide in share price on the back of this news is vastly over-done in my opinion. I fully expect Illumina to claw back most of recent losses in short order just as Amazon and Tesla rapidly did after Jan/Feb slump. ALL IMO. DYOR. QP
quepassa: My one observation is that their Net Asset Value announcement this morning was at 251p per share. At 1.45pm today the share price is 235p. That is a massive 16p discount to NAV being almost 6.5%. As recently as December the share price was at a Premium to NAV of a couple of percent. Because of the global sell-off today, the NAV tomorrow may perhaps be a guesstimate of 3% lower which would mean a reduction in NAV from today's 251p to 244p. It does still seem an unusually large discount to NAV by recent historical standards. ALL IMO. DYOR. QP
quepassa: Yes. Good post. But surely the point is that there is not just one type of investor. there are many different types of investor . And indeed many different investment strategies. Over just 12 months, an investment in Amazon has gone up more than 100% against a flat market. That's fantastic performance. Over 3 years, by 200% Over 7 years, by 1,200% Since flotation in 1997 at $1.50 per share by almost 450 times (45,000%) to the current share price of $670. Personally, I think that is a great way to make money as an investor. That's one place where I may politely beg to differ in my point of view to yours. I do think it's the way to make money as an investor. But each to his own. And horses for courses. Using classical pe measurements/ratios and traditional dividend metrics do not in my experience sit comfortably alongside new-age tech stocks. What is quite observable, is that a company with regular pe ratios and paying a dividend would not have achieved this type of growth over the last few years. Of course, not all tech stock achieve this and many fall by the wayside. But the ones which become dominant in their chosen sectors display massive outperformance and give huge investor returns. Let's hope that ScoMo keep on picking the right ones. ALL IMO. DYOR. QP
topvest: Amazon is a truly great company, that there is no doubt. However, it doesn't pay a dividend and doesn't make good profits so what is the point for investors, other than riding a speculative's share price will crash at some point as will a lot of the ridiculously priced US tech giants that are here today, gone tomorrow. At that point (whenever it comes) Scottish Mortgage will get hammered.
quepassa: The FT is full of stories and praise for Amazon today whose share price has more than doubled this year. Clearly this has helped the strong performance of ScoMo this year. Well done. A great pick. ScoMo's top ten holdings are impressive reading making up more than 50% of the fund. Reprising the Amazon theme however, today's FT Lex column waxes lyrical that theoretically, using Walmart and IBM metrics, the Amazon $650 share price may grow to $2,600 over time. Let's hope so. ALL IMO. DYOR. QP
quepassa: Dated a month ago, a fascinating article in the aic about ScoMo's Unicorn and unquoted investments portfolio. To have access through ScoMo to these pre-IPO companies is fascinating and hard to come by. A little share price weakness today after yesterday's sell-off. Some may consider it an interesting entry point. ALL IMO. DYOR. QP
quepassa: Mustn't forget that ScoMo's second largest shareholding is Spain's Inditex - the abbreviation of Industria de Diseno Textil SA. - Best known for fast-fashion group, Zara. Inditex are up 45.5% Year to date and looking strong. ScoMo's third largest shareholding is Illumina Inc. They peaked in Summer at $240 and then took a major tumble in the summer sell-off to $140 towards the end of October. Since October, the share price of Illumina has raced forward over the last 4/5 weeks by some 33% to $187. The US$ strength against most currencies including sterling continues to favour ScoMo's 45% portfolio holdings in North American stocks. If you want a fund cautiously invested in 3% of everything, ScoMo is not right for you. If you want true conviction-investing with an emphasis on exceptional growth companies especially in internet/emerging/pioneer industries, ScoMo is in my opinion outstanding. ALL IMO. DYOR. QP
Scottish Mort share price data is direct from the London Stock Exchange
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