Scottish Investment Share Discussion Threads

[stockstockham] 06/1/2021 13:23

Whilst I hold, I'd have to point out what a shocking performer it's been, generally the wrong side of everything.

Performance: 6 months -3.5%. 1 year -15%. 2 years -7%. 3 years -20%. 5 years up 20% (not inc divis, tho since they're going to be partially out of capital..).

Unfair to compare vs Scottish Mortgage (+35%; +108%; +175%, +357%) but even vs boring LWDB: +29%, +6.6%, +27%, +9%, +39%.

[spoole5] 05/1/2021 10:23

It's a pretty boring, defensive trust but a good balance if you hold more racy stuff

[hugepants] 04/1/2021 16:42

You may be right. Gold exposure totalled approx 20% (including an investment in Gold Fields) at end Nov. Since then gold shares look to be up another few %.

[stockstockham] 04/1/2021 16:31

If not slightly more.

Won't be immune, but seems a good place to hide & have been buying today. The discount control should keep it around c.9%.

[hugepants] 04/1/2021 16:27

Bought some of these last month. It's an unusual looking trust although its supposed to be value based. The top 3 positions are gold miners and comprise 16.5% of the portfolio.

[stockstockham] 31/12/2020 13:57

SCIN seems to manage to perform poorly in falling markets and rising markets.

Top holdings per FactSheet: Newmont, Barrick, Newcrest, Pfizer, Japan Tobacco, United Utilities, Kirin, BT, Duke Energy, Gilead.

Very defensive, in a market looking towards the end of the coronavirus in 2021. Yet down over 6 months, 1 year, 2 years, 3 years.

A happy new year to fellow lurkers.

[stevenb3] 30/12/2020 10:54

Anyone know why this is performing so poorly?

[aurelius5] 30/12/2020 10:01

Could do better.

[losos] 20/1/2020 11:41

flatoutfred - Thanks, I think you are correct but like most people I worry about uncertainty haha.

[flatoutfred] 20/1/2020 10:52

There are numerous companies with head offices in Scotland and quoted on "foreign" exchanges. It will never happen Los, even if Boris gives into Wee Nippy she'll lose the vote.

[losos] 17/1/2020 11:47

flatoutfred - It happens especially with IT's, might come back into discussion if the IndyRef2 thing ever gets credibility.

The thing that worries me with SCIN and other Scottish based trusts is what will happen if the fish women gets her way. Will it still be possible for SCIN to be quoted in pounds sterling ??? I am not at all interested in holding something in some weird foreign currency haha.

Might be a bit paranoid on this as have suffered with currency movements before !!

[flatoutfred] 14/1/2020 13:19

How come this thread has died ?

[rndm355] 17/6/2019 10:14

some analysis of the latest situation:

[biggest bill] 14/8/2018 15:04

Blondviking, most investment trusts which have a value based approach are currently sitting at discounts whilst many growth based trusts are near to nav. Growth companies have hugely outperformed value companies over the last decade which is why growth trusts have outperformed. Over the very long run, value based investment outperforms the growth approach so the last decade has been somewhat unusual. These things tend to go in cycles so eventually the value based approach will pay off again. Over the last few months, I have been reallocating my portfolio to trusts like Scottish because I think value will trump growth over the next decade. If I am right, I will also get the bonus of the discounts on these trusts shrinking. I also like British empire trust and securities trust of Scotland for the same reason.

[blondviking] 09/8/2018 16:49

Why such a discount to NAV?

[lizafl] 24/10/2016 09:56

What does that mean?

Can I take it that you're impressed by the rise in share price over the last few months?

[losos] 22/5/2013 15:36

You did well to double up, have got to 607p which is well up on the share price earlier this year.

[elmfield] 10/4/2013 20:15

To large a discount, going to double up tomorrow.

[elmfield] 13/2/2013 18:56

I so agree, been holding off and on but now in as looking to spread the risk around, this is to far below asset value and I see they think so as well!

[losos] 12/2/2013 15:59

hi elmfield - have been holder for decades, SFAIK they have increased their divi every year since about 1955, but they are not an income stock, the actual dividend is modest. They are also the ultimate world wide trust having investments in almost every country with a viable stock market!!!! so very good for spreading risk. They are overlooked because they are not part of the American mega cap investment houses which is a good thing IMO.

[elmfield] 11/2/2013 10:21

Bought some, this is overlooked by market, IMv.

[topvest] 16/2/2009 18:08

Bought a few of these today. Fairly sold global investment trust with a 25 year unbroken dividend increase record. Happy to hold long term.