Scottish Mortgage Invest... Share Discussion Threads

[lollipop3] 04/1/2017 17:35

Tesla surging

[lollipop3] 04/1/2017 11:37

Does anybody know when the next announcement will be ?

[lollipop3] 20/12/2016 16:44

Nvidia going well

[hazl] 17/12/2016 11:24

Am still wary here.
Seems the pilots are fighting back with Amazon's conditions.
With articles like the above I am waiting to see which way the chart goes it could go either way I think.
In contrast to the above I see that Amazon did its first drone drop on the 7th .

Of course this company is not just about that firm but as I say am interested but cautious so will not get back in just yet.

[galeforce1] 16/12/2016 11:19

QP

Thanks very much for that. Very helpful. CGI at 4.1% sounds fine to me and a discount of 32% is just too big to last in the long term, even if the trust is a kind of disguised Family Office.

All seems a bit similar to Hansa Trust, which also has a controlling family involved and has a huge discount. About 25% last time I looked.

It's seems to me that the risks to the UK going forward are being underestimated, and that a 'Hard Brexit' of some kind is really very possible. So I'm looking for ways of minimising exposure to the UK. CGI fits with that strategy.

[philo124] 16/12/2016 09:34

Bought SMT this am.

[skyship] 16/12/2016 09:18

galeforce1 - Is there a catch on CGI.

Yes, there is one which hasn't been mentioned....the family management group control CGI, so it has always been a bit of a value trap as the managers are in effect being paid to manage the family assets; and they have a different agenda to outside shareholders. Hence very parsimonious with the dividend; AND NO DISCOUNT CONTROL MECHANISM.

There are times when the discount becomes excessive and tempting. A turn can then be made provided the currency doesn't move against you.

Impossible to deal in any meaningful way in the LSE-listed CGI. You have to do so in Canada; and pay excess fees to do so.

All in all.....value at times....but not quite the plain sailing it appears.

[galeforce1] 15/12/2016 09:00

QP

Thanks for that. I also have some MPO & JRS. MPO only in a small way.

Good luck and DO YOUR OWN RESEARCH!

[galeforce1] 14/12/2016 17:41

Que Passa - I'd never heard of Canadian General Trust. Thanks for the suggestion. If it's biased towards resources it perhaps makes a good pair with growth-focused SMT.

Looks very interesting. Assets £740m. Discount a huge 32%. Gearing 17%. Yield 3.4%.

Seems almost too good to be true. Is there a catch somewhere?

[lollipop3] 25/11/2016 13:44

Thought this would have gone up big time today re Skyscanner

[hazl] 19/11/2016 14:31

I have very mixed feelings about this one and haven't posted as I sold just before US election.
Like nimbo I heard Trump was anti some tech founders and it felt as though the market had got ahead of its self.
The reason I write now.....and I don't usually post when I have sold ....is that I feel the market is more buoyant again and I heard a positive piece on CNN about the future with Amazon in particular.
I am holding off for now but do intend to get back at some point.

[galeforce1] 19/11/2016 12:23

Interesting to see that SMT have been releasing so many shares from treasury.

I'd guess this is to meet demand from savvy fund managers who are picking up stock because they think SMT will become a FTSE 100 company on December 1st. I think it is currently 93rd and Travis Perkins likely to be demoted as it's 108. If that happens there will be automatic buying by trackers, ETFs etc., and this will will push up the share price.

But can the premium over NAV, already 3% when I last looked, sensibly go any higher?

Is anyone worried about the big holding in Tesla?

[nimbo1] 11/11/2016 09:34

IMO for a while at least everyone is anti globalisation - and the shift in sentiment will make investors look for value as opposed to growth.

Don't get me wrong this is one of my favourite holdings - but having been in since Jan I've taken profits and will watch for a bit.

[nimbo1] 10/11/2016 16:08

Also in the US amazon is not liked by many trump supporters - they don't see it as a growth creator - they see it as a vehicle used by Bezos to get rich. They think it destroys small business and therefore jobs. Plus the fact Bezos made his political views clear and he definitely was not supporting trump!

I love using amazon and will be a shareholder again in the future, but things at the moment look risky. IMO only.