Baillie Gifford Us Growth Share Discussion Threads

[nocrapversion4] 12/5/2018 23:48

if you look at the trades going through, they are sometimes nearly £100000, that is good liquidity.

for many companies at a similar value of £198 mill, you will not see prices like that going through.some stocks that value, trade in the hundreds of pounds or a few dozen trades.

it seems its harder to buy in, than to sell.

but once the market cap rises such as scottish mortgage trust did, it should attract even larger amounts of money.imo.

what i like most is holders of the trust are investors not pump n dump traders.

I feel it is only educated folk that venture onto baillie gifford websites,take time to read and absorb the wise construction of their trusts and funds and then buy in, and i mean institutes, intermidateries and individuals.

there is not a hope in hell that anyone owning this trust ever owned cloudtag stock lol.

[euclid5] 12/5/2018 17:55

For every Uber there are 50 failures, don't forget that

MarkSP, I did read part of the Admin Doc

Was just making a small point in that Unlisted sec't are sometimes, not always difficult to sell due to liquidity, that was all

I am invested in BG's existing US managed fund, but not this particular fund, but do like their overall funds performance in their other funds, especially their UK smaller cap foused fund

[marksp2011] 12/5/2018 14:10

Euclid

Try reading the prospectus

"trust will only own small caps that are unlisted" - that is completely wrong :)

Maximum holding of unlisted is 20% and that won't be there for 2-3 years in the meantime they are mirroring the US fund

Pg42

As regards Unlisted Securities: in terms of size and maturity, the Unlisted Securities in which the
Investment Manager will seek to invest are the same types of businesses in which it has been investing for
many years. Typically, the Investment Manager will only consider companies with valuations of at least
US$500 million, as measured before taking into account new money that the investee company is planning
to raise.
As regards overall Portfolio construction, the primary investment focus will remain on Listed Securities with
healthy liquidity. The Company will not hold any assets as at the date of this Prospectus or immediately
following Admission, but is expected to be substantially invested in Listed Securities soon after Admission.
The Company does not expect to have any Unlisted Securities in its Portfolio in the period immediately
following Admission. Over time, however, the Company’s exposure to Unlisted Securities is expected to
grow. Subject to suitable investment opportunities arising, Unlisted Securities could comprise approximately
20 per cent. of the Portfolio within two to three years after the date of Admission.

[nocrapversion4] 12/5/2018 07:55

The only prob i found was i had difficulty buying £10000 the other day, due to the popularity of the trust, when a pension fund made a recent big purchase.

this is why the trust issue more shares into the market, to avoid the share price becomes overvalued.

scottish mortgage trust had the same problem, too much demand for it, it had to issue more shares for institutes buying in to prevent the NAV becoming overvalued, which deters some new buyers.

[euclid5] 11/5/2018 13:54

Can be difficult to trade or sell on due to liquidity sometimes

trust will only own small caps that are unlisted

But they have a good track record in their Funds

[nocrapversion4] 11/5/2018 13:42

hi again, folk must understand the smart thinking here, baillie gifford wont invest in AIM market micro caps, as they can be played left right and centre daily by stock pump n dumpers, amatuer investors that buy and sell up hourly, daily based on rumours, fear,greed, inexperience.

thats why this trust will only own small caps that are unlisted, these arent at the whim of the amatuer pump n dump aim market, these are stocks that you hold for years as they are on purpose illiquid, and become liquid on IPO day.


they are owned by directors that arent out for a quick buck like so many say exploratory mining stocks on AIM market.

and combine the trust with highly liquid popular stocks which gives the trust its liquidity, then that is smart investing by baillie gifford imo.

[milly17] 11/5/2018 10:49

Thanks Mark will do

[nocrapversion4] 11/5/2018 01:34

hi, alot of folk dont understand the intelligence behind trusts like this, trusts are superior to funds as they dont need to sell up on a big ouflow, the price is based on the NAV the companies within the trust.hence it has a daily NAV

trusts can also use leverage, funds cant, works well with low interest rates.this trust will in time use leverage, as stated in prospectus., that is fine when interest rates are very low.

infact buffett leveraged for years, at a ratio of 1 to 1.6, using "free" capital from geico insurance premiums paid up front.

.his returns were only around 10% plus , but with leverage he got it up to 20%.

take 20% growth times 50 years, makes lot of money compounded.

anyway, the only thing i think this growth fund should do is concentrate its holdings even more, if it could go down to say only 10 stocks, it would really compound if it picked great winners. it says it will vary between 40 and 80 stocks., but it maybe limted by rules i guess.

some of buffetts stocks he holds 20% plus in his portfolio, he bets big on a few but concentrated portfolio.

ive been a fan for baillie gifford for a long while, and even though very few here will ever read this post, as the trust is mostly held by quality institutes, not pump n dump traders.

IMO, as the trust holds for min 5 years, you should see lower volitality, as low beta can produce better growth, another buffett secret, buy low beta stocks with leverage equals winning smooth growth.

ps, i have to comment on the top page, amazon did not go up 1 million% it went up 8000% but had many share splits.


www.investopedia.com/articles/investing/082715/if-you-had-invested-right-after-amazons-ipo.asp


the best growth stock is actually apple.

anyway this trust should do very well if you hold LONG term IMO, dont try and trade it. patience is key, unicorns take time to grow.

[marksp2011] 10/5/2018 17:07

Milly17
Look at the fund, the IT has the same starting portfolio

[luckymouse] 10/5/2018 14:09

lots of volume

[luckymouse] 10/5/2018 14:06

Better than that i think - BG are top draw

re woodford, some of his holdings show up in my short screen - not sure if its a scam or he's bit unwell?

[milly17] 10/5/2018 13:45

I hope so, I have bought a few. I will consider adding when I can see the investment choices. I do like BG so a bit of blind faith in them here for the moment.

[jl9] 10/5/2018 13:17

I think patient investors here will more likely be rewarded than in WPCT.

[luckymouse] 03/4/2018 18:17

Good luck guys

[luckymouse] 03/4/2018 17:24

Baillie Gifford is a 'top quality' Edinburgh IT fund mgr inc popular names such as SMT, EWI, BGS


The US Tech sector is one of the best performing segments in the world

In spring 2018 BG launched a new fund focused on finding exceptional US disruptors EPIC:USA

This 'Unicorn' category is the holy grail of LT investing ie AMZN is up 10K% since IPO 20yrs ago



Research shows only 90 stocks (representing 0.4% of all US stocks or 1 in 200) were responsible for half of the $32 trillion net wealth created on the US market between 1926-2015
BG are focused on investing for the long term in these world changing stocks & their winning IP.

[blondviking] 26/3/2018 12:09

Yes I bought a few for the wife's isa. Nice to see a small lift today, a good start.

[marksp2011] 22/3/2018 21:45

Anyone buy some?

[ben gunn] 05/9/2017 13:55

ALL,
These post contain an interesting archive of late 2007 early 2008 Credit Crunch News.

[ariesr] 26/2/2016 18:33

!YOUTUBEVIDEO:4ZjsRxrYShE:

[ariesr] 26/2/2016 18:33

!YOUTUBEVIDEO:4ZjsRxrYShE:

[ben gunn] 25/7/2014 08:49

June month end
July signals confirmed that the equity recovery was a storm in a teacup except for USA Tech which has powered ahead.
Aside from Henderson Technology (still held at 20th July)we have used absolute return and diversified growth funds to mop up recent equity holdings which proved a mistake.
To tighten signal discipline the Risk Asset decision map will now be produced in full monthly to show where reward trend and net trend meets hurdle returns.

[ben gunn] 29/5/2014 16:14

23 May 2014
The NAS rose over 2% last week (an annual rate of over 100%) and we see this as a potentially significant breakout.
From Monday 26th May we see the 6 months from Nov 2013 as a useful period of consolidation and with the VIX below 12 we are more scared of getting left behind than being too early.
Our tactics are to commence re-building equity positions through shifting our high cash holdings into key equities and trusts, de-weighting certain safety first holdings and trimming the weaker performing bond trusts as SLXX remains trendless.
Our fund of the month is Cavendish technology.
(obviously individual funds whose weekly support line remains below their monthly support line are strictly off limits)

DigitalInvest rules.
With the current artificial lowering of interest rates we are looking at a move to cut certain asset class performance hurdles so that they remain realistic. This translates into a permanent policy of holding four parallel sets of asset class hurdles for monetary policy states:
loose (like summer 2014)
quite loose
quite tight
tight

[ben gunn] 06/5/2014 15:34

2013 Overview:
Following the post in Feb above there were 8 more weeks of astonishing equity gains.
By the end of April this upthrust looked overdone and we were casting around for the next hole for our funds as the performance of bonds looked drab.
A lucky meeting with Stewart Cowley (Old Mutual Bond guru) at the Morningstar conference gave us the lead-"non-directional funds".
Translated this means we were sitting comfortably (if staidly) in Targeted Absolute Return funds during the shake-out from May to July.

As well as Crispin Odey it was David Crawford at City Financial and the team at Cazenove who did so well that they later soft closed their funds All bar David Crawford).
By 7th November 2013 we were seeing a huge point of inflection in the Dow but the NAS continued to surge up until April 2014. This meant that we played a few games with Smaller companies and Techs but generally re-positioned in long Gilts and wider Absolute returns such as Shroder Absolute credit and Standard Life Distribution as well as sinking about 75% into Absolute Return.The last 5 years now look like:

2009
2010
2011
2012
2013