The stocks are OK but the value the market currently puts on them is the problem. Too many automated trades can cause the massive volatility we are now seeing. However I hope one day that the jumps will be bigger than the falls. |
Will this be renamed the shrinkage fund given how useless this lot are at picking stocks? |
Nav of 192.7p so discount now 16% |
15% discount to NAV - wow. |
looks a bargain at these levels, cream of UK Growth & 2% dividend to boot, unusual for Growth, bough last week, buy for longterm growth. |
Buying some of these at the mid 150s. It's down a mere 35% year to date! 129p was the pandemic low. |
John Rosier mentions Baillie Gifford (BGUK) in the latest PIWORLD interview at 12m14s
Watch the video here:
Or listen to the podcast here: |
BGUK caught my eye in relation to their intention to invest up to 10% of the fund (sorry, trust) in unlisted companies. Could be interesting, as (quoting their words....ish) companies often grow fastest before becoming listed.
I am, though, a little overweight in Baillie Gifford funds at present. |
Any other investors here? |
Reinvested yesterday's sale into Henderson Smaller Co's. This stays with the growth strategy but has an approx 7% discount to NAV which could narrow. Smaller Co's seem to have lagged large caps. of late. |
Decided to sell out with the NAV now going to a premium and with the current trend moving to value. I'll see what I can pick up on a discount elsewhere. |
Trading at a premium to nav now , everything Braille Gifford touches turns to gold it seems. |
Will also be interesting to compare with Henderson smaller cos Fund over futures years. See it as big cap v mid cap exposure. |
Seems like it's just me in these at the moment, c.30k invested , intending to hold for long term now. Interested to see what dividend is paid m expecting c.2% |
Year or two of performance rehabilitation may be required to properly eliminate discount. |
207p offer today , c.5% discount. Suspect it could narrow further if markets remain positive. Good mix of quality holdings. |
Nearer 7% discount now, better , but still very harsh. |
Bought a few 171p. Hoping these will recover nicely in time as discount is approaching 10% , way too much surely. |
!FOLLOWFEED
Quality will out. Many of the portfolio holdings I would consider buying individually and so the portfolio looks an attractive selection of UK growth stocks which should outperform over time. Expect a modest yield but the current discount of over 8% looks too much. Hope this will reduce overtime, some Baille Gifford funds have traded at a premium but this will need a decent period of outperformance if it is to be achieved. Anyway it looks a cheap , low risk way to get a nicely discounted exposure to decent UK returns, especially if Brexit finally gets sorted and some normality return. Management fees are not too outrageous either. Any other thoughts out there? |
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