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SMT Scottish Mortgage Investment Trust Plc

833.00
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Scottish Mortgage Investment Trust Plc LSE:SMT London Ordinary Share GB00BLDYK618 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 833.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
833.00 833.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -2.91B -2.92B -2.0463 -4.07 11.9B
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 833.00 GBX

Scottish Mortgage Invest... (SMT) Latest News

Scottish Mortgage Invest... (SMT) Discussions and Chat

Scottish Mortgage Invest... Forums and Chat

Date Time Title Posts
17/3/202420:16scottish mortgage Inv. trust charts3,435
02/1/202421:40Scottish Mortgage Trust8
06/6/202214:33ScoMo ScoMo ScoMo and other BIG TECH207
29/9/202006:18Scottish Mortgage5

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Scottish Mortgage Invest... (SMT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 17:30:43832.4021174.80O
2024-03-18 17:23:59827.209,00074,448.00O
2024-03-18 17:23:30824.609,00074,214.00O
2024-03-18 17:15:29831.8047390.95O
2024-03-18 17:08:53826.655304,381.26O

Scottish Mortgage Invest... (SMT) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Scottish Mortgage Invest... Daily Update
Scottish Mortgage Investment Trust Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker SMT. The last closing price for Scottish Mortgage Invest... was 824.20p.
Scottish Mortgage Invest... currently has 1,428,019,945 shares in issue. The market capitalisation of Scottish Mortgage Invest... is £11,901,118,222.
Scottish Mortgage Invest... has a price to earnings ratio (PE ratio) of -4.07.
This morning SMT shares opened at 827.20p
Posted at 15/3/2024 18:08 by quepassa
Very impressive to see ScoMo pull the trigger so rapidly and with such determination on the newly announced massive £1billion Share Buy Back program announced just this morning.

In an after-hours RNS announcement, ScoMo announced that they spent just shy of £21 million on buying 2.56 million shares at c 815p today.

Leaving still most of their powder dry for future share purchases.

Closing at the day's high of 823p being + 5.53% on the day, the after-hours share purchase announcement augurs well for the Monday opening.


With the Buy Back program swelling its sails, the share price now has every chance of moving along swiftly with a potentially rapid compression of the discount.


ScoMo has got back its MoJo.

ALL IMO. DYOR.
QP
Posted at 22/2/2024 19:14 by loganair
NVIDIA is in bubble territory, with its share price going up like the handle of a hockey stick and at some time in the not too distant future will do a Moderna and Tesla, in other words the share price will fall 50% from its highs and as per usual SMT will not sell their NVIDIA when near their highs instead they will hang on to see the share price half as they did with both Tesla and Moderna.
Posted at 19/2/2024 10:26 by steeplejack
Yes i hold SMT and have for sometime.i bought the stock a few years back and all went well for awhile but as you’ll be aware,the stock has more than halved since the stock was around 16 quid and traded at a premium to assets.

I would consider my comments to be constructive criticism.The company has an excellent track record albeit in the last couple of years it has fallen behind the likes of ATT and PCT whose long term track record is now superior.Things don’t stay the same for evermore and one wonders whether Andersen’s departure doesn’t signal a wind change.Most investment trusts concentrated in the US (especially the Nasdaq ) market have enjoyed exceptional success in the last quarter of a century,especially compared to those invested primarily in the UK.If you want doe-eyed appreciation of SMT,you’re not going to get it from me.Tesla was a coup for SMT but that flagship holding was replaced by Moderna which has been anything but a success.Not a good choice.Moderna might have fallen below Nvidia and ASML as percentage holdings but this is primarily because of a dreadful underperformance by the former.You see,the SMT managers aren’t infallible,who is!No worry,if things don’t improve the stock will slowly but surely slip down the rankings and will barely draw comment.

PS You see,in some of my portfolios,i’m actually running a loss in SMT and i’m more than interested as to analyse why.The same doesn't apply to PCT and ATT .I would reiterate that i don’t hold significant holdings of investment trusts.
Posted at 06/1/2024 18:57 by hazl
Things rarely go up in a straight line.
However there have been some positive opinions and results lately that brighten the outlook for SMT.

Here is the article that I meant to post before.


'In response, companies perceived to be the AI winners have seen their share prices bid up, with NVIDIA Corp NVDA

2.70%
leading the way. The company, which manufactures the computer chips that leading AI systems are developed and implemented on, has seen its share price rise by 162% year-to-date (to 8 June). Chris Ford, fund manager of Sanlam Global Artificial Intelligence, described Nvidia as the most important company in the AI space.

Artificial intelligence: is the hype real, and how to invest in the winners
The funds and trusts profiting from Nvidia’s unstoppable rise
Stockwatch: could Nvidia be stock of the century?

The big technology giants, at the forefront of AI innovation, have also seen their share prices boosted, namely Apple Inc AAPL

3.76%
, Microsoft, Amazon.com Inc AMZN

1.36%
, Meta, Tesla Inc TSLA

0.07%
and Alphabet. Along with Nvidia, these seven stocks account for around 90% of gains on Walls Street’s S&P 500 this year. The index is up around 10% year-to-date.



Following that and very important but doesn't seem to have registered with many is this....
'1. Nvidia to Launch a Slower Gaming Chip in China to Meet U.S. Export Rules

Chipmaker Nvidia (NVDA) is set to release a new gaming processor with slower performance in China to meet U.S. export restrictions. Nvidia said it worked closely with the U.S. government during the development of the new Nvidia RTX 4090D, which has 11% fewer processing cores than non-Chinese models. Nvidia shares dropped after the company's third-quarter earnings release had analysts concerned about the impact of the export restrictions. Shares were up 0.20% in the pre-market with the news of the chip adjustment.'
Posted at 23/11/2023 08:26 by loganair
The reason I heard why the NVIDIA share price fell slightly when they came out with their stellar earnings is because the big money is saying this is as good as it gets which strongly suggest the days of the stellar rise in NVIDIA share price are behind it.

This is where SMT are making their big mistake, not selling once a company is at the good as it gets stage and the stellar rise in the companies share price is behind it.
Posted at 19/11/2023 20:13 by loganair
hazl - How is JEMA the worse performing fund this year. Last November 2022 the share price stood at around 80p, today around 140p therefore the fund is up 75% over the past year therefore the -88.24% over the past year is complete misinformation and if deliberately posted then is disinformation.

I held JRS many many years ago and sold out just before the 2008 crash at just pennies from the top.

I rebought back in 2014 to 2016 and sold all but 15% of my holding at 2.5 times my buy in price.

I then bought the renames JRS - JEMA in 3 lots when the share price was in the late 50p's, late 60p's and mid 70p range and have therefore over doubled my money in JEMA over the past year - that's what investing is all about, making money from ones investments and that is what 'I've been successfully doing over the past 20 years in JRS/JEMA which has been my most profitable investment over my life time so far.


SMT - ARK invest which also invests in Tech and tech start ups say that the share price is unlikely to reach all time highs of $152 and even Cathy Wood says that Arks share price is likely to be around $95 in 5 years time therefore it seems highly unlikely that SMT will reach £15.68 high of November 2021.

There is more likelihood that SMT will fall below 600p over the next year.

The biggest mistake SMT had was holding on to their Moderna, should have sold out when the share price was $400, however seems to me they didn't because BG is by far Moderna's largest share holder and therefore just wanted to stick with their investment in the company.
Posted at 12/11/2023 08:53 by loganair
Ark Invest themselves say their share price may never get back to all time highs of circa $138, will most probably take 5 years to get up to somewhere around $90. Currently their share price stands at a round $39.

It seems to me the problem with Scottish Mortgage is when they buy a stock, they don't know when or at what share price they intend to sell the said stock at, instead just keep holding and keep holding.
Posted at 03/11/2023 08:40 by steeplejack
Interesting article.What it shows is that amongst a list of well known investment trusts SMT is the worst performer over one and three years.Thus the discount to NAV is in part at least justified by poor performance.The mystic that SMT enjoyed is being steadily eroded.Polar Capital looks a far less controversial choice given it doesn't have a 30% interest in unquoted.I suppose you're left struggling with semantics when considering whether SMTs investment strategy needs more time to play out.How long is long term?However,this bottom of the table position,suggests that SMT has a lot of stale bull holders who'll be only too keen to get the hell out when things do hopefully recover.I estimate that SMT's holding in Moderna has(compared with having the money in cash)knocked around 6% off SMTs NAV.
Posted at 05/8/2023 01:01 by elbrus55
Most trades in liquid stocks eg FTSE100 are by institutional investors, many using automated trading systems. The number of share sold versus bought EXACTLY matches, by definition. They choose their own prices in their orders. If it is outside the bid ask spread it won't trade through immediately but may do so later. Even that only works for orders of modest size. If you are trading a million shares at a time you won't usually be able to trade in full immediately at the quoted prices - need to wait for a matched opposite order. This mechanism determines the so called 'share price'. Actually there are just a series of trades at many different prices and lots of as yet unfilled orders at other different prices. Your way of describing it is a simplification of something more complicated. Not sure it is all that helpful. More relevant for illiquid shares e.g. AIM market.Retail investors trading through market makers have limited influence on the share price. ( Perhaps a little bit more than usual with SMT as it has quite a large retail investor base)You could google "London Stock Exchange guide for private investors" for some more detail.
Posted at 02/8/2023 09:27 by steeplejack
I know perfectly well that the Moderna holding was initially purchased before Anderson left.I know perfectly well that SMT initially made timely purchases of Moderna but then chased the price higher and that the fund probably now has a fairly sizeable overall loss on its holding.I’m not ‘worried’; about SMT’s holding in Moderna or my holding in SMT for that matter but i am ‘critical̵7;.I hold about 50 stocks internationally from Apple to British Aerospace but one thing i’ve learned over the years is that if you have a lossmaker like Moderna,sooner or later you are going to have to apply yourself to dealing with it not citing that in ‘the long term’ it might all come right.It might well,even a stopped clock etc but investment is all about opportunity cost and even if Moderna does eventually come right,SMT made a serious error in its purchasing of the stock and i’m intrigued as to how the management is going to deal with this lame flagship holding.Call it a test of character.

There are strong points in SMTs favour.Its been pretty canny in avoiding a sizeable exposure to China which is only around 10% of the fund and it also has a strong stable of private companies which i happen to like (Wise is a real success story).It has an inherent bias towards high tech growth companies and thus the US.When the SMT share price recovers which inevitably it will (especially given the current discount) i’ll probably sell some.I won’t be averaging down though at these bombed out prices,if i wanted to buy an investment trust with some SMT characteristics i’d buy PCT,its certainly less contentious.

I won’t comment on Moderna again,even I'm becoming bored with my criticism and afterall,the stock price is now some 70% off its peak.(By the by,Moderna are announcing results tomorrow).
Scottish Mortgage Invest... share price data is direct from the London Stock Exchange

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