Scottish Mortgage Invest... Share Discussion Threads

[lord loads of lolly] 03/12/2023 23:12

loganair - and it seems to me you’ve a closed mind with an agenda.

[loganair] 03/12/2023 20:49

It seems to me the attitude of SMT fund managers towards their private retail investors is one of "Give me your money and don't ask any questions."

[lord loads of lolly] 02/12/2023 21:27

hazl - nothing we don't already know really.

A lot of funds are currently trading at a huge discount to NAV.

SMT has rarely traded at much of a premium to NAV, but the gap became unusually wide (i.e. a large discount to NAV) between January & September this year.

Since then, it has narrowed slightly but is still substantial.

[hazl] 01/12/2023 12:25

Undervalued according to NAV.


30 November 2023
Legal Entity Identifier : 213800G37DCS3Q9IJM38
Cum Par NAV 802.31p XD

Cum Fair NAV 830.62p XD

Ex Par NAV 802.01p

Ex Fair NAV 830.32p

[hazl] 01/12/2023 09:54

I feel we have turned and am hopeful going forward for now.

[hazl] 30/11/2023 18:33

It is what it is and these sort of stocks will always be influenced most of all, by the general market sector, in turn reflecting political and economic events.
So to some extent I agree.

However good to read up on their investments and glean a picture of their insights and reasons for buying.

I have learnt some interesting info along the way.
For instance, I am ashamed to admit I was rather in the dark about the size of the surace area of the moon.
Rather saddened in a way to think about them mining it, but perhaps it's better than further plaguing our earth resources.

Did I say that is about the same size of Africa, in terms of surface area?
I was amazed.

[lord loads of lolly] 30/11/2023 12:35

NAV discount is closing. Currently around 12%. Not that long ago it was 20%.

Suggests sentiment may be starting to improve marginally. But of course, things could always go into reverse again. We really need to see this trend being sustained over the next six months or so, before drawing any conclusions.

[hazl] 29/11/2023 12:59

Scottish Mortgage Investment Trust PLC (SMT) 28 November 2023
Legal Entity Identifier : 213800G37DCS3Q9IJM38
Cum Par NAV 804.01p XD

Cum Fair NAV 832.21p XD

Ex Par NAV 803.69p

Ex Fair NAV 831.89p

[hazl] 29/11/2023 10:05

The next article was again the Times
' The stocks that could boost your retirement fund 900%' by David Brenchley.

Now it cites previous winners from 2013 which might be easy to do in retrospect, but it goes onto say how to find companies that might be winners going forward.

He suggests the semi conductor sector as a starting point.
Ian Mortimer states chips are used in so many sectors now that they ought to be successful in any economic cycle!

He says look for firms that aren't super expensive but where returns can compound over time.
He said few of the companies providing chips are the same.
Nvidia it states is a 'fabless' semiconductor firm which designs and sells the chips.
It doesn't make them.
It says share prices might have soared this year but they are still reasonable in these chip companies.
I haven't time to write the different suggestions,here but it finishes with a caution.


'Finding ten bagger stocks is not easy.
But what's even harder, Mortimer said,was hanging on for the ride.'


IMO

[hazl] 29/11/2023 08:33

So ought to benefit greatly.

IMO

[septblues] 29/11/2023 08:30

The space market opportunity is orders of magnitude greater than the value of SMT. SMT is a tiny player in very large markets.

[hazl] 29/11/2023 08:19

The UK is in a hybrid position apparently.

It has more satellites in space than any country excepting the US and China.
It has the potential to launch rockets from the Cornwall Space port, but it has a way to go with launch success.

Cornwall also has Cornish Metals CUSN and a very interesting little hub is developing there.

[hazl] 29/11/2023 08:14

Haven't had so much time to post lately but found a couple of articles that I feel really supports our case here.

No wonder there are such high predictions,financially, for the space industry in the future.
In the Times on the 19th the very interesting article entitled 'Lunar Goldrush mining the moon will be the next space race' appeared.
In referring to a book citing how space will change everything by Tim Marshall, it shows how dozens of private companies are getting involved.

Now we can see how canny the researchers are in the Scottish mortgage fund.

Elon Musk 's Space X has pioneered a reduction in the cost of launching a rocket which is pointing to making space mining more and more affordable.

Demand for materials to fit our quest for net zero, will outstrip earth's supply.

[hazl] 28/11/2023 13:07

I think the fact that we have stayed above 700 bodes well.

[hazl] 28/11/2023 08:07

I think he works for one of the rival funds judging by his committed stance over years in JSE.
Of course it didn't stop the tremendous fall over there.

Pointing this out doesn't stop him so he must feel cushioned by his superiors, perhaps?

My own thoughts entirely, I might add.

[lord loads of lolly] 27/11/2023 13:27

Loganair - fund managers will always have diverse views.

So it’s the easiest thing in the world to find one that chimes with your personal opinion, then hold them out as the leading authority.

Sadly, few (other than you - & perhaps your teenage son) would regard Oxbow as a household name in the investment world. Or much of an authority on anything financial frankly.

Given your stance, presumably you’ve either never held SMT. Or at the very least have long since sold out completely.

[loganair] 27/11/2023 09:56

Ted Oakley of Oxbow said the following...

1. Commodity companies could replace tech over the next 10 years as very little investment in mining over the past 10/15 years.

2. Oxbow are cutting back on legacy tech companies such as Apple and Microsoft and over the past couple of quarters have not been investing any new clients money in these companies. Apple hasn't come up with an innovative new product since the passing of Steve Jobs, just keep churning out the same old, but just updated.

The Tech companies, even including the Magnificent 7 are now a really Speculative investment.

3. If take out the Magnificent 7 the S&P is down for the year.

The Magnificent 7 are the Generals of the S&P and the Generals are always the last to fall, but fall they will in the end.

4. Like in 1999/2000 when even a company making drainage pipes made themselves into a .com company, today the same thing it happening that companies that have nothing to do with AI have suddenly been talking big in AI, shows we're at the top of the tech market.

5. Oxbow are now 55% liquid.

6. 47% of U.S. debt comes due in 2024 & 2025.

[lord loads of lolly] 24/11/2023 22:47

Loganair - as unfounded conspiracy theories go, yours is right up there.

I can only conclude you’ve got an agenda, as surely no-one could openly be that thick.

[hazl] 24/11/2023 16:14

Does that include you logan?!

Your post.
'Most 40-50-60 year old analysts have not got a clue when it comes to new high tech.'

This fund has many angles and sectors.

Sorry the market looks as though it's turning to me....you'll just have to get used to it!

imo

[loganair] 24/11/2023 15:50

I still firmly believe in the next 5 years or so mrna treatment will be considered as unsafe to be given to fit healthy people and 2020 - 2023 should never, ever have been given to fit healthy people, was criminal to advocate to do so because the only reason why it was given to fit healthy people was for the motive of profit for the said pharmaceutical companies.

[loganair] 24/11/2023 15:46

Steve jobs was the exception as the first time he left Apple, Apple as a company went down the toilet and he had to return to rescue the company.

Most 40-50-60 year old analysts have not got a clue when it comes to new high tech.

[hazl] 24/11/2023 15:42

It went from 640 to 720 since beginning of November!


Very often when a retrace happens there are people waiting in the wings for an entry point, I have found.


I think it is the start of a recovery so perhaps you are wasting your breath?

[hazl] 24/11/2023 15:39

Whilst that is true and they can point you to good investments, you are clutching at straws to negate the investment here.
And not doing very well at it.
This is just going through a normal drop after a few good days.


IMO