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SMT Scottish Mortgage Investment Trust Plc

821.60
-5.80 (-0.70%)
18 Apr 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
  -5.80 -0.70% 821.60 1,613,904 16:29:59
Bid Price Offer Price High Price Low Price Open Price
821.20 821.80 832.40 812.00 832.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -2.91B -2.92B -2.0463 -4.01 11.72B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:30:06 O 24,369 822.9418 GBX

Scottish Mortgage Invest... (SMT) Latest News (1)

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

Scottish Mortgage Invest... Forums and Chat

Date Time Title Posts
17/4/202411:16scottish mortgage Inv. trust charts3,515
02/1/202421:40Scottish Mortgage Trust8
06/6/202215:33ScoMo ScoMo ScoMo and other BIG TECH207
29/9/202007:18Scottish Mortgage5

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

Trade Time Trade Price Trade Size Trade Value Trade Type
15:30:07822.9424,369200,542.70O
15:29:55821.8150410.91O
15:29:51821.604003,286.40AT
15:29:51821.605254,313.40AT
15:29:51821.804003,287.20AT

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

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Posted at 18/4/2024 09:20 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 827.40p.
Scottish Mortgage Invest... currently has 1,428,019,945 shares in issue. The market capitalisation of Scottish Mortgage Invest... is £11,715,475,629.
Scottish Mortgage Invest... has a price to earnings ratio (PE ratio) of -4.01.
This morning SMT shares opened at 832.40p
Posted at 16/4/2024 15:27 by lord loads of lolly
peetle - I feel your pain!

With hindsight, some of these buybacks are bound to look better than others, as they're being done so frequently.

To be fair though, they did buy some hefty chunks at (currently!) half-decent prices the first week Elliott surfaced as a major holder - i.e.

2,559,132 Ordinary Shares at a price of 814.49p on 15 March
971,452 Ordinary Shares at a price of 830.43p on 18 March
989,170 Ordinary Shares at a price of 824.80p on 19 March
817,862 Ordinary Shares at a price of 840.49p on 20 March

Their subsequent transactions look less inspired for the time being. But hopefully they'll be buying in greater volume again now the share price has weakened, to average down overall.
Posted at 03/4/2024 09:21 by hazl
Taken, in part, from another RNS of an interested party, this shows what incredible investments we have.
Any weakness shown in share price terms is purely down to the geopolitical effects everywhere presently in my opinion.
No less real of course, but I don't believe ought to be misconstrued, as the SMT failing to deliver.
It has cherry picked cutting edge technologies, some privately owned but could well be publically listed one day.



'On the 4 March 2024, SpaceX launched 53 payloads on the Falcon 9 Transporter-10 smallsat rideshare mission, SpaceX's first rideshare mission of 2024. This was the tenth dedicated rideshare mission organised by SpaceX. This mission included four Spire Global satellites ,which were launched to enhance global coverage for Myriota, and Hubble Network.
The satellites will provide secure, low-cost and reliable IoT connectivity, improved security, faster data access and enhanced device control capabilities. ICEYE has already made significant strides in satellite deployment, with 34 SAR satellites launched since 2018. The latest launch was a success with successful communication establishment made with all three ICEYE SAR satellites launched. Ubotica Technologies successfully launched its ground-breaking CogniSAT-6 mission. CogniSAT-6 will revolutionise earth observation by providing actionable live earth intelligence for real-time decision-making. '

Thanks to Seraphim.


IMO
Posted at 02/4/2024 12:05 by lord loads of lolly
septblues - I don't see it that way (for now at least).

Elliott's stakebuilding has given SMT managers a bit of a wake up call. Before Elliott's intervention, the share price was languishing below £8.00. In just a couple of weeks, the discount to NAV has significantly narrowed as the share price has risen nearer to £9.00.

Sure it'll fluctuate. But the turbo-charged share buyback would almost certainly not have happened without Elliott's intervention (it hadn't, on anything like this scale, previously). And it's largely that buyback that has driven the share price higher.

Providing SMT managers stand their ground on the unlisted holdings, I'm currently quite relaxed about Elliott's shake up. Particularly if it means selling part of their Nvidia stake to fund future buybacks.
Posted at 24/3/2024 09:00 by hazl
Ah a bit in the Sunday Times about Elliot and Scottish Mortgage Trust.

Even they have used the word 'feared'.

I believe that SMT's stance was that they kept Nvidia and the high flying companies like it, because they couldn't see a better use for their cash, should they sell some.

Again, some say that if they continue ro be lieve in Nvidia going forward....and I support in theory, some of Nvidia's own mantra , to some extent, in that they are just at the start of this game changer, as an industry, they are in.

Perhaps SMT fear they might not be able to buy back cheaper in the future,as it goes from strength to strength?
Whilst some are predicting an eventual drop in the share price,who knows?
Some of the biggest names in the tech have just kept going up.

If it is carried out, will the cash lose value, as cash always does, if they cannot see anything better to invest in, as I seem to remember them claiming?

I could be wrong on that...I would have to see if those were just my thoughts.

Finally Space X!

I do hope they don't sell too much of that!
Is it just another way of attacking Musk?
Whatever, I m just a small person in the big scheme of these things.
I have admired SMT's choices of shares over the years, their advisors have been spot on.
The only reason I haven't jumped in for more recently, is because of the general market climate.
Elliot might know what they're doing but as I say I fear short termism and as a major shareholder they can over ride some of SMT's managements decisions....which I personally think is a shame.

I see space as a growing area, for investors.

IMO
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 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 02/8/2023 10:27 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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