Share Name Share Symbol Market Type Share ISIN Share Description
Scottish Mortgage Investment Trust LSE:SMT London Ordinary Share GB00BLDYK618 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.10p -1.20% 420.50p 420.80p 421.20p 425.10p 417.70p 422.00p 3,647,978 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 27.8 15.9 1.1 393.0 5,809.92

Scottish Mortgage Share Discussion Threads

Showing 476 to 500 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
18/8/2017
08:00
Apart from Baba's great results yesterday (China), an ugly day yesterday on NASDAQ. Geo-political risks to the fore. USA, Asia and Europe. An unholy trinity. The main positives are general global growth and a need to park big liquidity in investments. The direction of money seems to favour Europe and EM where assets are cheaper. An increasingly wobbly market. ALL IMO. DYOR. QP
quepassa
10/8/2017
07:09
Bloomberg: "Two of the biggest money managers have a message for investors: it’s time to dial back risk." PimCo and T. Rowe Price. hXXps://www.bloomberg.com/news/articles/2017-08-09/pimco-and-t-rowe-price-warn-investors-it-s-time-to-reduce-risk ALL IMO. DYOR. QP
quepassa
09/8/2017
06:51
Personally, I think highly of many of the stocks in the ScoMo portfolio. But the market valuations for Tech Stocks in general in the USA are by now extremely toppy by any historic measure. It may go further still but it seems to me that a correction is on the cards soon for the US Tech Sector. The unknowable Trump factor and rising interest rate environment in the US add further discomfort to an already frothy market. The weakening dollar which has fallen from 1.20 to 1.30 to the £ has further detracted from the heavily overweight US$ denominated portfolio of ScoMo. I sold all my ScoMo holdings at around 420p in June and reinvested elsewhere in other Trusts (European and UK) as well as cherry-picking some of ScoMo's non-USA ideas such as ASML Holding Netherlands(+13%), Ctrip (+16%) and Baba (+30%) and the performance achieved away from ScoMo has in all cases been significantly higher. If my trading thesis of a significant USA correction holds, I would seek to reinvest at a later date in ScoMo on any significant pullback - although I am somewhat growing to dislike the increasingly arrogant house style of Baillie Gifford. When the Faangs eventually bite, they will make you bleed. ALL IMO. DYOR. QP
quepassa
09/8/2017
06:16
I've moved from here in to TRG. Which is ticking up nicely and still offering a discount. Same reason many have stated, I think there will be a better opportunity to buy here when the market eventually corrects. Regards to HRI, I'm already overweight in IQE so didn't want to increase my exposure, but do like it.
darola
09/8/2017
06:04
This has been one of the best performing trusts since 2009 which is about when I originally purchased. Only got a few left now and I undoubtedly sold too early. The valuation is ridiculous now. When the music stops this will be one of the worst performing investment trusts for a time. Could easily lose 2/3rds of its value.
topvest
09/8/2017
05:44
While still vary wary of the US big internet stocks, theres a lot going on further down the tech food chain, some of it on the back of the forthcoming iPhone 8 which is causing lots of activity around the semiconductor sector. It would be good to see SMT shifting some weighting down the market sizes.There's also a lot of activity and technical advances in the battery tech sector. A diversified way to capture some of that action is via the Global X Lithium and Battery Tech ETF (LIT) which has been making steady progress. As previously stated I prefer HRI to SMT right now, although the really nice discount of 18% in HRI has narrowed to 14% on the back of the continuing strong rally in IQE (also a beneficiary of iPhone 8 expectations)
shavian
07/8/2017
11:43
I find it hard to believe that tech valuations are sustainable,in the past I have been patient and the falls have come will do the same here but must admit am surprised we have not had a pull back this spring/summer yet. This has virtually doubled in a year, buying up here just does not feel right to me.
tim 3
03/8/2017
13:46
Well the BOE's comments have sent sterling down again today against the dollar quite significantly. SMT currently up 1.47% today.
the juggler
03/8/2017
08:52
Sterling's newfound strength does ScoMo's majority dollar-denominated holdings little benefit on a revaluation basis. Whilst I like ScoMo's portfolio a lot, personally I agree that sky-high valuations in the USA Tech Sector are overdue for a major correction of some 10-20%. That is when I would reinvest. Look at this worrying statistic:- In June, ScoMo issued Equity from Treasury on 14/FOURTEEN separate occasions such was the demand for their stock. In July, Just once on the 5th. July. Good Luck All - but carry a shamrock and a brolly. ALL IMO. DYOR. QP
quepassa
03/8/2017
06:58
US tech stocks continue to surprise on the upside with stonking results. Not just the big names like AAPL and TSLA, but the component manufacturers like Qorvo. However, these sky-high valuations cannot go on forever and all these stocks must be vulnerable to a more general correction in the US markets which seem determined to ignore the political risks of the chaos in Washington. SMT has a high exposure to these risks, so I have banked my profits here for now.Like QP I prefer Herald to ScoMo at the moment, and switched a month ago, while continuing to drip feed monthly savings into SMT to rebuild a base here from scratch in the hope of using 'pound-cost averaging' to catch them on the bounce if/when the correction comes along in the coming year. I see no logic in Herald's 18% discount while SMT is still trading at a premium. Herald's discount may narrow when the market wakes up to the lower valuations of UK and European tech stocks, and the potentially exponential growth of companies like IQE which must now be Herald's biggest holding.
shavian
03/8/2017
06:11
TESLA. wow! QP
quepassa
28/7/2017
11:56
I am hanging on for a while at least. Markets down today and the usual summer malaise. Watching closely though.
the juggler
27/7/2017
18:32
Sold up here for a while. Will be back when the opportunities have settled down a bit!
darola
27/7/2017
08:07
Something happening with ASML Holding Netherlands??? Graph gone vertical recently. Unusual. ALL IMO. DYOR. QP
quepassa
26/7/2017
19:21
No!! That's what they want you to do. That's what they tell you to do as it suits them. - There is no rule book. SMT has had a great two years. I have made a return of +90%. But that ride is grinding to a halt as the US Tech sector stumbles, sterling strengthens and Trump looks like he is not achieving any of his pre-election promises. The NASDAQ is going nowhere fast. Now is the time for another ride and I think the UK/European Tech sector amongst others is looking better and for example Herald is up 10% in last three months whereas SMT is down. I can jump back on SMT another time in the future. Or alternatively cherry-pick ideas from their Top Ten holdings such as China-based stocks like Alibaba or CTRIP which have rocketed. You are not locked in. It's your choice. It's up to you whether you are an active or passive investor. ALL IMO. DYOR. QP
quepassa
26/7/2017
17:33
A number of big funds are going sideways at the moment. This and Fundsmith have both struggled over the past few weeks. But the you're supposed to buy and hold for years and not care about "short term" movements....
darola
26/7/2017
15:45
Getting bored with the increasingly high-handed and bombastic flavour of a certain well-known fund that shall remain nameless and by contrast getting increasingly interested in the significant successes, inherent value and great upside potential in the Katie Potts Herald Investment Trust which trades at an inexplicable 18% discount-to-NAV. Herald are off the radar and, unlike some, like to maintain a charmingly and refreshingly discrete profile. However, for the curious, here is a rare write-up on Ms. Potts from the March 10th. edition of MoneyWeek. In many ways, a not dissimilar ethos to SMT, although Ms. Potts has an enormous personal interest to succeed as she set up her own firm - and her flagship fund HIT/Herald Investment Trust (ticker HRI) is now approaching £1billion in size. hXXp://moneyweek.com/the-worlds-greatest-investors-this-week-katie-potts/ ALL IMO. DYOR. QP
quepassa
24/7/2017
12:17
Thank you. Not sure how I missed that.
finkwot
24/7/2017
11:49
Finkwot, open the drop-down menu in the top right-hand corner, and all will be revealed!
caradog
24/7/2017
11:14
I find the Scottish Mortgage website rather frustrating. It seems to be a collection of waffly essays and not much meat. Do they actually have lists of holdings and financial statements and so on? Where are they hidden? Https://www.bailliegifford.com/individual-investors/funds/scottish-mortgage-investment-trust/
finkwot
21/7/2017
13:58
Davrola, You are very welcome. in case it helps this is what I recently posted about Herald Investment Trust (HRI) on a different bulletin board for the Chelverton Smaller Companies Trust: Quote I like this Trust a lot. However, I have recently switched the majority of my holdings into Herald General Investment Trust (HRI) which is a much bigger Trust with approaching £1billion of assets and which is focused on the smaller cap Tech + Media sector with a good weighting in UK and North America and 10% Cash. This Chelverton smaller cap trust trades at a PREMIUM nowadays ( having a few years ago been at a whopping 20% ++ Discount ). For some reason which I cannot put my finger on - probably due to lack of profile and publicity and being off the radar- HRI still trades at a MASSIVE discount of 18% despite some excellent recent performance and a very good pedigree. With money flowing fast into Europe and with a great track-record of having increased shareholder money 10x since inception combined with a low management fee of 1%, in my opinion HRI looks totally undervalued by the market, if not misunderstood and mispriced. When I look at sector comparisons like SDT, Patience capital, Schroders' small cap funds, JPM smaller and even big-brother and Tech giant Scottish Mortgage, the discount on HRI looks totally out of whack with the rest of the market. Additionally, HRI have a share buy-back program and the cash to support it. For seekers of value and hunters of big discounts, it appears to me that at an inexplicable 18% discount-to-Nav that HRI has a great deal to offer. Personally, I see the discount ripe for very rapid compression. Good Luck All. ALL IMO. DYOR. QP Unquote
quepassa
20/7/2017
21:43
Thanks QP. Added to my watchlist and will review HRI in more detail over the weekend.
darola
20/7/2017
16:51
I see that SMT is now number 80 in the FTSE 100
galeforce1
19/7/2017
14:04
After seeing the very strong 6 months figures reported yesterday by specialist technology/media Investment Trust, Herald Investment (HRI) who reported a tremendous 14% increase in NAV just in six months, it appears to me that Herald's massive 18% discount is grossly out of kilter and over-due for compression. ALL IMO. DYOR. QP
quepassa
19/7/2017
12:55
No. ASML HOLDING - Netherlands. The global largest manufacturer of semi-conductor/photolithography machinery. A significant item in ScoMo's portfolio QP
quepassa
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