Share Name Share Symbol Market Type Share ISIN Share Description
Fundsmith Emerging Equities Trust Plc LSE:FEET London Ordinary Share GB00BLSNND18 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50 -0.17% 1,457.50 9,962 16:35:06
Bid Price Offer Price High Price Low Price Open Price
1,455.00 1,460.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.99 1.76 4.46 326.8 388
Last Trade Time Trade Type Trade Size Trade Price Currency
16:14:42 O 300 1,459.0675 GBX

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Date Time Title Posts
27/8/202109:30Fundsmith Emerging Equities Trust PLC 452
24/9/200212:37MA TUVOKS FEET CLEANING BUISNESS,no foot turned away!11

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Fundsmith Emerging Equit... (FEET) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-24 15:14:431,459.073004,377.20O
2021-09-24 14:13:341,456.621001,456.62O
2021-09-24 14:05:181,456.621,43120,844.17O
2021-09-24 14:02:581,459.072303,355.86O
2021-09-24 12:44:201,458.141351,968.48O
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Fundsmith Emerging Equit... (FEET) Top Chat Posts

Fundsmith Emerging Equit... Daily Update: Fundsmith Emerging Equities Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker FEET. The last closing price for Fundsmith Emerging Equit... was 1,460p.
Fundsmith Emerging Equities Trust Plc has a 4 week average price of 1,395p and a 12 week average price of 1,350p.
The 1 year high share price is 1,515p while the 1 year low share price is currently 1,095p.
There are currently 26,604,372 shares in issue and the average daily traded volume is 29,558 shares. The market capitalisation of Fundsmith Emerging Equities Trust Plc is £387,758,721.90.
spectoacc: Thanks, a good read. Some parts to take issue with (inevitably with paid-for research), eg: "..The poor early results from the strategy were clearly partly due to unfortunate timing." If they mean poor timing as in buying the wrong shares, maybe. But if they mean performance poor because they were buying near the top, that doesn't explain failing to beat a tracker. That says the strategy was wrong. Fair comment about the huge underweight to tech/China possibly now playing in their favour. And: "Over the long run, FEET’s success will still likely be determined by whether the consumer sectors outperform, such is the extent of the overweight even after the reforms to the process. There is also an implicit bet that company fundamentals will be more important than geographical listing over the long run, which justifies undertaking such a large overweight in India. We think the level of political and economic volatility in emerging markets makes this second contention questionable, and we note the trust has been consciously positioned away from countries with higher political volatility as a part of the reform programme." Terry Smith's underlying philosophy is to chase quality growth, not value. Strategy now seems value-esque. And a large overweight to India - maybe it works, maybe it doesn't. What comes after Modi? What of the predictions of oil price spikes after years of under-investment, how will that suit a large energy importer? If you want India, bet on an India IT surely. Equal number of bull & bear points given at the end, which seems fair. Want to like FEET, but think I'd like it on a 27% discount rather than 7%. Saying that, some better ITs like MMIT got all the way to par.
spangle93: Latest Kepler research on FEET available here hTTps://www.trustintelligence.co.uk/investor/articles/fund-research-investor-fundsmith-emerging-equities-retail-aug-2021
spectoacc: I guess what I find odd is how badly they've underperformed the market, as well as their own hopes/targets. Fair enough if just launched at the wrong time, but they can't even match a tracker. Only fair to note that SSON done pretty well (& trades at a premium), so really is only FEET.
spectoacc: Be interesting to see if FEET's performance is the canary in the mine for Fundsmith overall. As @Luddenden says above, starting performance is key. You'd not for eg buy US tech up here and expect to make money over the next decade. Hugely stretched PEs vs history, let alone vs (Covid inflated) earnings. So did Fundsmith get lucky in terms of when they started, riding what may prove to be the final decade of the low inflation/low bond yields/lower and lower interest rate environment? And has FEET had some of the reverse - buying at PEs that are proving difficult to grow in to, irrespective of how good the co's might be? Per @donald above: "At launch TS said they had back tested it and the strategy delivered 30% pa over the previous decade." Seeing how the past 7 or 8 years have gone for FEET, with an annualised +5.4% even with the huge Covid bounce, it smacks of mean reversion. What does seem strange is how badly FEET have underperformed the market. From their own Factsheet, MSCI Emerging & Frontiers Index has done 81.4% to FEET's 43.9%, since inception. +9% PA vs +5.4%, so isn't just the charges.
hectorscrackhouse: Edison initiation note on FEET Quite a detailed read with emphasis on explaining the turnaround in performance in the last couple of years htTps://www.edisongroup.com/publication/sticking-to-its-guns/28743/
mad foetus: Thanks for posting and apologies for not replying to you...not enough time! I think FEET is becoming the investment we had hoped for when it was launched. Fingers crossed anyway!
dr know: Last Friday's Chronic Investor had a full page advert for FEET so it looks like the company has decided to do something about the share price and drum up more interest. It's by far the worst performer of the Fundsmith stable. It must be an embarrassment to them.
m_kerr: 'i invested at £11.65, so down a bit (15%) on that price, and in NAV terms down a couple of percent. i intend to keep the shares as i think they will grow on a 3 year view.' wow - what a difference 7 months makes! this has been a very stable investment in NAV terms despite all the ups and downs this year, though although the discount has narrowed, it's still there, and as investors we can only ever realise the share price, not NAV. for this reason i dont want to see any new investments made until that discount goes. i welcome buybacks, but why they didn't do so at sub £10 a while back, i dont know. the shares have not yet been cancelled, they are held in treasury.
essentialinvestor: Buying back shares, now that is interesting and also a first for FEET. There is only one reason they are now buying back and that is confidence those shares can be issued Above NAV in 2021 imv.
sirrux: Much nicer mix in the portfolio now, NAV per share hitting all time highs - will the share price follow?
Fundsmith Emerging Equit... share price data is direct from the London Stock Exchange
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