Share Name Share Symbol Market Type Share ISIN Share Description
Scottish Mort 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
  -2.00p -0.38% 528.50p 528.50p 529.50p 531.50p 527.50p 531.00p 1,658,531 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 30.7 16.7 1.2 440.4 7,762.64

Scottish Mortgage Share Discussion Threads

Showing 676 to 699 of 700 messages
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Best political item this whole week. Nigel Farage's speech in his first rally today staged in Birmingham for his new Brexit Party. Not to be missed. you'll find the Birmingham rally speech here:- hXXps://
Does anybody know how the Bristol forum went?
Ctrip on fire today at +22%
See the latest ADVFN twitter poll about Funds:
Premium currently too high.
James Anderson and Tom Slater have overseen Scottish Mortgage’s rarely seen approach to stock picking. Over the ten years to November 2018 their decision making has seen the share price of the trust rise 796%, a huge outperformance to the FTSE All-World Index, which gained 251% over the same period. hxxps://
QuePassa - an isolated example of an investment trust that warns their shareholders not to BUY their shares is Lindsell Train Investment Trust plc, but agree that is a very rare situation. Personally, I think Investment Management is a great business, that's if you own the investment management business or are very selective. There are too many closet trackers like BlackRock, JPMorgan etc. etc. Its unbelievable how short their holding periods are. Most investment managers should be on a portfolio turnover of less than 10% per annum (I'm at 5%), but most just endlessly trade the FTSE-250 and under-perform accordingly. BG are clearly one of the best GROWTH investors, albeit I do think the time is right for their strategy to perform very badly. It is not different this time. Value has lost for 10 years and will win again sometime soon. FANGs going into bear market territory is the start. Just my view.
Hmm a number of investment trusts have delivered compound growth over 25 years in excess of 11% per annum eg Worldwide Healthcare, Herald etc Scottish Mortgage is in that bracket but starting to sag due to size and the bombast of the current manager who in his desire to accumulate assets has run out of road. Too much capital dents your return inevitably that is why SMG is a duff longer term investment that should be on a discount to nav ten years ago not the case but it was smaller then and therefore more manageable.
Disagree. And I don't miss any point. Can't predict small swings but the recent big rout was well telegraphed with many squalls, red flags and warning signals along the way before it happened. I think ScoMo is great and have nothing but admiration for them. I am talking in general and not about ScoMo. Whilst I respect your opinion we will probably agree to disagree on this point. I stand by statement that the Investment Management industry is fundamentally flawed. Fund managers will get up on endless podiums and make strident presentations why their fund is excellent and why it is a great time to invest in the fund but it is clearly a flawed system when the same fund manager would never dream of telling an investor that it is a good time to sell his fund. Making ONE-WAY investment recommendations in the unitised fund management / investment industry has to be highly questionable in my view. ALL IMO. DYOR. QP
QuePasa you write "If anyone thinks it can go down by a third, why on earth would they say to investors hang on in there, rather than sell now and buy back when it's cheaper." I think you miss the point. In the short term not even the most genius fund manager could possibly say anything beyond a probability. And of course SMT did not announce the price would go down imminently by a third! That would be crazy. In fact the comment was made long ago and the shares if anything rose markedly for a long time. The observation, if I recall it correctly, was only that over the next few years it was not outside the bounds of possibility for a pull back as big as this, but nobody could ever know when. Not even you QuePasa! But congratulations on your acuity in selling when you did, yes with skill that can work but it can go the other way too. Right now will stocks surge as a China deal is reached. Brexit stalls, and the US shut down ends? Or will it be trade war, No deal and further Trumpery plus another leg down? Hard to say I would say.
Yes and no. I agree that it is difficult to time small swings in the market but the occasional obvious financial tornado gathers which is easier to spot with multiple factors coalescing like the rout just now. You miss the point. Think about what you have written. If anyone thinks it can go down by a third, why on earth would they say to investors hang on in there, rather than sell now and buy back when it's cheaper. Every fund manager will always tell that in the long run, it will be alright. In terms of doing their job properly, it appears to me that fund managers are meant to be trusted guardians of people's wealth and in my view it should be incumbent on them and the industry to be honest and tell investors if they think the fund will go down because of market-driven factors beyond their control. Are you telling me that none of the undoubtedly clever chaps at the highly regarded good house of Baillie Gifford didn't have any inkling whatsoever of the recent Faang crash. That they had absolutely no idea, no clue or hunch that the tech market was headed for a big fall. I don't think so. Fund managers will buy and sell shares, move in and out, reposition their portfolios but they will never tell their investors that they think the market is heading for a fall due to market driven factors beyond their control, even if they think there is a strong likelihood of that happening. ALL IMO. DYOR. QP
QuePassa Agree with most of what you say,especially about identifying SMT too readily with tech in general. SMT picks shares extremely carefully and not all of them qualify as tech in the hard sense. However i have two qualifications. 1. I am not sure it is worth trying to time the market when it comes to a big investment trust.Not if you have a really large holding. With a single share you can take a view about its balance sheet and prospects but with a massive trust, is there much point? All you are doing is trying to guess massive downturns and at some point (short of calamity) these will be reversed. 2. And as regards your last point, why the heck should a fund manager recommend the selling of their trust? This is like asking he or she to admit they are unable to do their job properly. Nick Train has been known to complain about his premium but any fund manager should believe in their own expertise and and would not be worth their salt if they did not. In fact SMT have come close to shunning all pretence that their share will always climb. How could it and why should it? Unlike other managers we have heard SMT mangement accept their price may go down, I think Anderson even said it could go down by a third at certain points in the cycle, but he adds if you hold you will be rewarded. This is emphatically not true of an individual share where holding may make no sense at all.
And all Faangs are not the same. As in any market rout, the baby gets thrown out with the bathwater. No-one will convince me, for example, that Amazon which fell 25% in the rout, won't recover somewhat rapidly and continue further to conquer the world. Equally, my view is that Alibaba is also set for a major rebound when the China-USA trade talks make further progress - as they undoubtedly must. ScoMo is very solid and in many ways inspirational. But timing remains key. Do your own research. Don't be afraid to sell and buy back later or re-invest elsewhere. And NEVER FORGET that the Fund Management industry is basically corrupt and fundamentally flawed. It's an industry supposedly full of investment guru professionals who know all about stocks and markets but have you ever heard any fund manager of any fund ever say that now was a good time to sell his fund? ALL IMO. DYOR. QP
Nice range between 440 to 480 found.
However this is a very large investment trust trading at a large premium to nav invested in both large private technology and large public technology stocks at a time when their monopolies are starting to be challenged by regulators globally. as global yields rise The growth premium rating is diminishing eg ASOS last week. Owning SMG at this point seems a bit hopeful Quepassa sold around 540 only a few weeks ago if memory serves me correctly. As market liquidity shrinks company ratings normalise dividends return to focus. Smell the coffee
Agreed that I sold too early. No sour grapes. I have 4 folded which is a good performance, but could have been much better. I will ride the wave a bit better next time hopefully. All the FANGS are in bear territory and this will move over into other obscenely valued technology stocks. Scottish Mortgage also do have a successful strategy. Read Mark Minervini and others though - they have the cycle spot on. The cycle has peaked and into decline. Every rally now is another chance to exit, before capitulation sets in. Only my view.
good post torrance. i shall desist from impolitely describing this as the stupidity of investors. qp
topvest I think it is fair to say you have been attacking SMT's strategy since around 2014 (!) and have therefore been proved (as you very fairly indicate) quite wrong. Indeed you missed most of the bull market so there is a slight sense of sour grapes about your post. At some point of course SMT go down as they have but it is pretty obvious their core strategy has proved a longterm winner. And note how they dropped Apple last year way ahead of the pack, a shrewd move which has left them in a far better position now.
I've sold over half of my remaining shareholding. I've already 4 bagged on my initial purchase 10 years ago, but haven't really covered myself in glory on when I have sold. Think this share is going to get crucified in 2019. It's on a 10% premium, so you can take it to a 10% discount without any effort. The FANG stocks are now in bear territory, so there is a 50% chance they will go down 80% and and 80% chance they will go down 50%. I think this investment trust is probably heading for under a £1. One to buy in the next recession, and it all starts again. Kept a very small holding as I like remaining a shareholder here and receiving their interesting annual report.
Took more at 444
Uncrossed at 467 to end the year.
crazy market? unreal times not helped by a numpty in the whitehouse.
look at that graph. Dire Market Capitulation coming soon.
All the large tech stocks 20% off their highs yet the manager revalues upwards all his unquoted investments Unquoted is where he has been investing a greater proportion of the trusts assets?
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