Scottish Mortgage Invest... Share Discussion Threads

[loganair] 10/11/2023 09:59

hazl - As far as I understand it the governments took on criminal liability, not civil liability where an individual or group of individuals can take these vaccine makers to sue them in the civil courts.

[hazl] 09/11/2023 22:09

I believe from memory on the second point about liability from vaccines the government happily took all the risk. It was written into the small print that Astra wouldn't be liable for any problems for many years. At the time it worried me but l still found myself taking it .

[hazl] 09/11/2023 22:06

Gentle nudge is absolutely fine lolly but really l couldn't keep it up! Anyway what's the harm when it's just started to improve?From my point of view it's useful at this crucial stage of uncertainty as to whether it is the start of a recovery or a dead cat bounce to quickly see in one place if the NAV is improving consistently? It looks better at present l think.

[lord loads of lolly] 09/11/2023 21:51

loganair - and I can spot an unsubstantiated scare story from 100 paces.

As you well know, AZ experienced an extremely rare & brand-specific side effect in an infinitesimally small number of cases. To draw the conclusions you do from this is pure, deliberate mischief-making that won’t fool anybody.

[loganair] 09/11/2023 17:03

Astra Zenica being sued in the UK for their unsafe covid vaccine, I can also see this happening to both Pfizer and Moderna all over the Western world which over the years to come I can see this costing these companies hundreds of millions of dollars if not billions in reparations and may in the end bankrupt a company such as Moderna as unlike the other two, Moderna has so far been just a one trick pony.

[lord loads of lolly] 09/11/2023 16:45

hazl - just a gentle nudge that a running commentary on the daily NAV might start getting a tad tedious after a while.

Especially when it's easy enough to look up if anyone's interested.

[hazl] 09/11/2023 14:04

Cum Par NAV 778.43p

Cum Fair NAV 810.89p

Ex Par NAV 776.53p

Ex Fair NAV 808.98p

[hazl] 08/11/2023 13:35

Cum Par NAV 779.69p

Cum Fair NAV 812.13p

Ex Par NAV 777.79p

Ex Fair NAV 810.23p

[septblues] 07/11/2023 23:24

they shouldn't be benchmarking themselves and stick to alpha

[livewireplus] 07/11/2023 21:05

Scottish Mortgage sticks by its guns as manager says we will underperform sometimes https://www.thisismoney.co.uk/money/investing/article-12715149/Scottish-Mortgage-sticks-guns-manager-says-underperform-sometimes.html

[hazl] 07/11/2023 13:14

Cum Par NAV 766.62p

Cum Fair NAV 798.97p

Ex Par NAV 764.72p

Ex Fair NAV 797.07p

[masurenguy] 07/11/2023 00:26

Down, a little, but Scottish Mortgage Investment Trust is certainly not out
Patrick Hosking
November 07 2023

In October, for the first time since June 2019, Scottish Mortgage was not the bestselling investment trust on the Interactive Investor platform, which compiles a monthly league table (the new champion was City of London Investment Trust, a decidedly more conservative vehicle). Some fans of Scottish Mortgage have run out of patience. The shares have more than halved from the high point of two years ago. Once trading at a premium to net assets, they now languish at a 13.6% discount. According to the latest interim report, net assets dwindled 2.7% in the 6 months to September, underperforming its benchmark, which rose by 4.3% over the same period.

Complete article:

I've no position here.

[jellypbean] 06/11/2023 23:58

So, if you search the SEC filings for moderna you can find the last beneficial ownership report update from Scottish Mortgage was 30 Dec '22, where they owned just under 45M shares, or 11.66% of the company.

About half of these were bought in late Feb '21.

As there was an update filed for the above purchase, I'd expect there would have been an update if there had been any sales, otherwise there is just an end of Dec annual update.

[lord loads of lolly] 06/11/2023 23:28

Any holding’s position will change in line with its share price. So it’s not always a terribly reliable indicator, unless looked at alongside the share volume held over time.

[takeiteasy] 06/11/2023 18:36

Moderna back to its old tricks - down hard again today.....I hope this is not any longer number 2 holding in the new list published mid month for end October...

[steeplejack] 06/11/2023 08:09

Its a robust apologia of their investment style which is understandable given the group has underperformed their peers of late.The reference to SMT borrowings averaging only 3% up to 2036 is a feather in their cap.

I suppose part of the explanation for the sizeable discount to NAV is down to the 30% of the portfolio being in private companies.Whether investors like it or not,the pool of attractive listed companies is not only shrinking but fresh entrants are rapidly decreasing.A lot of companies are eschewing listing and remaining private.You need an SMT to seek out those private companies.

Nvidia gets a mention but not Moderna .Oh well,maybe in the Annual Report :)

[excalibur91] 06/11/2023 08:04

I'm only surprised at 75,000 posts!!¡¡

There's a great big world out there, you know?

(*´,_ゝ｀;)

[hazl] 06/11/2023 07:55

Thanks for link.

[hazl] 06/11/2023 07:55

You'd be surprised!

[excalibur91] 06/11/2023 07:53

Who cares if you haven't time!!??

[hazl] 06/11/2023 07:47

Sorry mate I can post what I like and I am being honest that I haven't time to go through details in anything today.

[alhambra1] 06/11/2023 07:45

Relevant posts only please

🤔

[hazl] 06/11/2023 07:34

At first sight looks reassuring.

[hazl] 06/11/2023 07:34

It will take me a while to pick it apart.


Grandparent duties today!

[hazl] 06/11/2023 07:32

Our portfolio of growth investments is in robust health. Financial conditions have pushed companies to focus and prioritise profitable growth. Declines in stock prices have made valuations more attractive. This combination provides a strong underpinning for the long-term outlook.

We will have periods when we underperform the market, and the six months in question was one. Since the end of March, our net asset value per share, with debt at fair value ('NAV'), fell by 2.7% compared with a rise of 4.3% for the FTSE All-World Index (both in total return terms). The longer-term performance record remains good. Over five years, the NAV has gained 59.6% versus 49.6%, and over 10 years it has increased by 358.1% against 189.5% (both against the index).

Although our focus remains on long-term capital appreciation, we know that a small and consistent dividend is of value to many shareholders. The Board is therefore recommending an interim dividend of 1.60p per share, no increase over last year's payment.