Scottish Mortgage Invest... Share Discussion Threads

[panshanger1] 17/4/2020 13:31

Top sliced This has had an amazing run but time to lock in some profits

[lollipop1] 16/4/2020 20:46

Another high from Amazon today.Netflix also doing well

[quepassa] 15/4/2020 18:47

Astonishing performance.

Amazon NEW ALL-TIME HIGH today at $2,300

Hiring another 75,000 staff to cope with enormous lock-down internet shopping demand.

[lollipop1] 07/4/2020 19:03

figures soon

[scrabster1] 07/4/2020 18:47

Still reckon it will hit 450 ? There seems to be a flight to quality going on of which I think this is one.

[josh 32] 01/4/2020 14:25

This trust is invested mostly in companies that have strong cash surpluses when people have come out of their nuclear shelters and decided that its more important to pay for their food and other living costs and for that to happen the national economy needs to function this trust investments will be companies that will lead the recovery

[technowaxy] 31/3/2020 02:18

560 this is bizarre

[ltinvestor] 28/3/2020 10:00

There will be opportunities to pick up this stock around 450p in the coming weeks...

[scrabster1] 24/3/2020 16:15

It's up 13.8pc. But prices are a bit out of sync on this one and agree I also think we are not there yet.

[ltinvestor] 24/3/2020 15:55

Scrabster.No, still sat on the sidelines as I believe the market has further to fall...I am also waiting to buy back into Gan when I see signs of the US recovering from the virus..The present market is a lottery...

[scrabster1] 24/3/2020 06:05

Did you buy ?

[the monkster] 21/3/2020 22:09

Not long to wait then

[ltinvestor] 21/3/2020 12:57

I have been looking at smt for a couple of weeks.My aim was to buy when the s&p 500 hits 2000

[peterbill] 21/3/2020 12:43

The Dow lost a third of its value, from almost 30,000 to below 20,000

SMT held up a little better falling to a low of around 470. Think there will be larger falls ahead as the market panics, but who knows. WB seems to be testing the markets.

[peterbill] 03/3/2020 10:09

I think there will be larger discounts/falls in the weeks ahead and will be looking at adding more SMT and MNKS to my current holdings ... as WB says, “be greedy when everyone is fearful”

[jeffian] 02/3/2020 17:32

Oh never mind. Maybe I misunderstood pvb's #825. I thought he was saying that falling share prices would increase the discount on IT's, whereas the IT price will just move broadly in line with the underlying investments.

[steve3sandal] 02/3/2020 17:13

jeffian, the discount on every IT changes every day in line with supply and demand, noise and news, fear and greed. Some ITs have a discount control policy buying and selling against the market makers above and below NAV to try and get it to trade at NAV. No one knows if it will work in times of stress/selling. Discount movements may be an opportunity or they could kill you (financially speaking). You might want to do some more research. Try The Association of Investment Companies if you do.

[jeffian] 02/3/2020 16:58

pvb,

I'm sorry, I'm clearly being thick here but there is no reason why the discount should vary is there? If an IT trades at a discount of, say, 3% to NAV (the underlying investments), then if the NAV goes down by, say, 12% and the IT price goes down by the same amount, the discount remains the same.

[lollipop1] 02/3/2020 16:40

Just a thought,When will James Anderson retire?

[pvb] 01/3/2020 19:23

Err... ;-)

IT = Collection of Priced Investments

Investment prices go down ==> IT NAV goes down

IT NAV goes down ==> IT price goes down

PLUS (Particularly in a bear market)

IT discount increases = IT price goes down even more


Short version: Price drops + Increase in discounts

[jeffian] 01/3/2020 16:01

Not necessarily. Depends on how much the underlying investments went down, surely?

[pvb] 29/2/2020 14:33

basstrend 29 Feb '20 - 13:57 - 824 of 824

I hold six investment trusts in my SIPP, including SMT and they all took a severe bashing last week. Scottish Mortgage Trust fell by 13.69% !!

In just one week the average drop was 17%, which is quite a bit higher than the global markets dropped in the last week. Not sure I understand why ITs suffered worse (other than travel related stocks) compared to other stocks and indices..

Price drops + Increase in discounts?

[basstrend] 29/2/2020 13:57

I hold six investment trusts in my SIPP, including SMT and they all took a severe bashing last week. Scottish Mortgage Trust fell by 13.69% !!

In just one week the average drop was 17%, which is quite a bit higher than the global markets dropped in the last week. Not sure I understand why ITs suffered worse (other than travel related stocks) compared to other stocks and indices..

Anyway, here's the drop I observed on the 6 trusts mentioned above, in the last 5 market days only -

18.95% ATT - Allianz Technology Trust
18.28% THRG - BlackRock Throgmorton Trust
18.85% MNL - Manchester & London Inv Trust
14.86% PCT - Polar Capital Trust
13.69% SMT - Scottish Mortgage Trust
17.39% SSON - Smithson Inv Trust

NB the average 5 day drop across these 6 IT's is: 17% - quite shocking really!

[quepassa] 20/2/2020 11:41

good spot. thanks

also got some Zillow in their Monks Investment Trust.

but none in ScoMo!

[robow] 20/2/2020 11:04

I know its in their Edinburgh Worldwide IT