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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Scottish Mortgage Investment Trust Plc | SMT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 7.60 | 0.84% | 916.00 | 13:02:52 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 911.00 | 908.20 | 917.80 | 908.40 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 08/11/2024 | Interim | GBP | 0.016 | 21/11/2024 | 22/11/2024 | 13/12/2024 |
| 23/05/2024 | Final | GBP | 0.0264 | 13/06/2024 | 14/06/2024 | 11/07/2024 |
| 06/11/2023 | Interim | GBP | 0.016 | 23/11/2023 | 24/11/2023 | 15/12/2023 |
| 17/05/2023 | Final | GBP | 0.025 | 01/06/2023 | 02/06/2023 | 04/07/2023 |
| 11/11/2022 | Interim | GBP | 0.016 | 24/11/2022 | 25/11/2022 | 16/12/2022 |
| 19/05/2022 | Final | GBP | 0.0207 | 01/06/2022 | 06/06/2022 | 01/07/2022 |
| 08/11/2021 | Interim | GBP | 0.0152 | 18/11/2021 | 19/11/2021 | 03/12/2021 |
| 13/05/2021 | Final | GBP | 0.0197 | 03/06/2021 | 04/06/2021 | 01/07/2021 |
| 06/11/2020 | Interim | GBP | 0.0145 | 19/11/2020 | 20/11/2020 | 04/12/2020 |
| 15/05/2020 | Final | GBP | 0.0186 | 04/06/2020 | 05/06/2020 | 01/07/2020 |
| Top Posts |
|---|
Posted at 20/11/2024 11:47 by hazl You can pick your preferred window in time, according to your particular stance, as well we know.SMT will have sectors covered that look good bets for now, and in the future, to remain diversified and relevant. Northvolt will be like many companies in it's sector, going through a lull in the green energy space, whilst war mongering goes on, I dare say. Unlike many private investors, SMT does not panic and sell up every five minutes, but tries to have a prudent long term approach. Will this investment be good in the future considerations. Things might well be swiftly altered now Trump has got in. Whether an investment continues to be relevant or not, one thing we can be assured on is that SMT can afford the best advisors to do their research and decide. IMO |
Posted at 10/11/2024 10:39 by lord loads of lolly The discount to NAV at any given time is less relevant than the historical average NAV discount.SMT has always held significant unquoted shares in recent years. But the relatively high discount to NAV really only kicked in around spring 2022 and has remained above the long term trend ever since. What also kicked in around that time was high inflation & rising interest rates. So you could argue that as interest rates drop & inflation reverts to low single digits (albeit with blips), SMT’s price will benefit. Indeed, this appears to have started happening already, with the fund showing greater resilience & reduced volatility of late. Though of course the more aggressive buybacks this year also helped. It stands to reason that a speculative growth fund will perform better when putting your money in safer alternatives generates markedly less than it used to. As for geopolitical influences, I suspect Trump will be good for SMT given its high US concentration. However, I fear he’ll be bad for almost everything else, particularly security. Which could have an even greater (negative) impact on markets in general. I guess the question will be whether he follows through on half his off-the-cuff pre-election commitments. |
Posted at 14/10/2024 18:52 by shared24 I agree with Lord Loads of LollyHere is the performance comparison between SMT and ATT for last 5 years. This shows SMT and ATT peaking at different times. It's time in the market and not timing the market that matters - I am staying invested in SMT. |
Posted at 14/10/2024 16:07 by steeplejack I wasn’t being remotely sarcastic.I think it is pretty lamentable when people make cheap comments on these boards especially since they are anonymous and therefore can’t really be held to account.Long term,short term,ultimately investment is all about opportunity cost.and whilst patience and a long term perspective have obvious merits,times do change and you’re wise to keep abreast of those changes.I sold some SMT for a profit in the low teens but mistakenly held on to the balance.What goes around does invariably come around but not always and SMT has lost a bit of lustre over the last three years.I think SMT is probably OKish at that moment but i wouldn’t buy more.I think the group went through a purple patch with Tesla etc that will be difficult to repeat and whilst a quarter of the portfolio in private companies might prove to be a silver lining,its arguably less easy to evaluate those private companies and i’d suggest that concerns in that respect have weighed on the stock price.At the end of the day,successful investment -like every aspect of life- can benefit immeasurably from plain good luck.For all the unquestionable brains housed at Baillie Gifford,i think they’ve been unlucky over recent years.I think they were unlucky with their sizeable purchase of Moderna but as Napolean said,’I’ (I edited out a sentence in my original post.The fact that i worked in the City once has nothing to do with anything) |
Posted at 14/10/2024 12:14 by shared24 I would not consider ATT/PCT as alternatives to SMT. While ATT and PCT focus mainly on tech (88% and 74% in the US, respectively), SMT offers broader global exposure with only 40% in the US. This diversification makes both ATT/PCT and SMT suitable within a well-balanced portfolio. Furthermore, as interest rates decline, I believe SMT's unlisted equities, which make up a good portion of its holdings, may offer greater potential for growth and realization, especially in a less restrictive financial environment. |
Posted at 14/10/2024 09:53 by steeplejack Oh well,nothing to reflect upon then.The value of the Northvolt holding has declined by 85% in two years.Moderna has slipped from number one holding to now being on the cusp of falling out of the SMT top ten due to sustained underperformance.Its all contributed to SMT sliding down the investment trust league table.There are plenty of alternatives to SMT available to investors and its been pretty easy to make money in trusts like PCT and ATT |
Posted at 30/8/2024 20:03 by hazl Steeplejack, you forgot to put in your opinion.Your words... 'they’re reluctant to realise a loss'. People have bought at different times, of course and I have actually been in profit for some time buying under 800. However, I have been honest that it was only a toe at that point and had not added, not because of any perceived failings in SMT or it's varied holdings, but more because of likely volatility in the general market. That of course is due to many reasons. Your words... 'ever admit its screwed up a holding or does it just kick the can down the road ' Each word and phrase, seeking to put down and disparage. Investment might have changed, people might want a quick fix but businesses and especially new industries, are not like that,some take time to build, and to realise value. And yet here we are with SMT having picked up early on NVDIA! It has been a wonder stock! Yet I believe the article I have seen that feels it will continue to invent itself as very good companies sometimes seem to do. I will admit I don't understand fully their selling strategy but I do understand they might not have seen anything better, to replace it, if they did part with some purely because of a sector thing, or growth slowing. Again if they are good at achieving growth in different areas then perhaps SMT know more than we do? I don't know I'm just throwing it out there. I am not here to persuade or discourage.... which you seem to be doing... because sometimes there are downturns in the market that affect most stocks. I do believe, however, that over time, SMT have a canny way of picking good stocks have researched advisors and an expertise that many of us might not. I think though that people must make up their own minds as our circumstances are all different. Difficult times. IMO |
Posted at 30/8/2024 19:52 by steeplejack If you think that there are better opportunities elsewhere,you should cut your losses and invest elsewhere.Run your profits,cut your losses.However,in reality private investors often hold on until they get into profit creating a pool of stale bulls.Its human nature.That said,the NAV discount/premium to assets considerations clearly dominate all investment trust share price moves but I can’t see SMT enjoying a premium to NAV like it enjoyed some years back.I sold my SMT in my ISAs years back but still hold some in my dealing accounts.My loss making holding in SMT might well get sold to reduce a capital gains liability.Tax losses will become very valuable under a Labour tax regime.For now i hold on.Optimistically,i& |
Posted at 30/8/2024 17:10 by steeplejack “SMT, is a really good trust, it’s in the right areas for long term growth. It could be a bumpy road ahead, but for long term investors it’s a hold.”A hold for many because they’re reluctant to realise a loss.You don’t have to buy SMT to get exposure to the likes of Nvidia.A better proxy would be Allianz Tech or Polar Capital Tech.Neither do these trusts have the rather controversial sizeable exposure to private companies where you have to take SMT valuations on trust.Its the Moderna holding that interests me.Does SMT ever admit its screwed up a holding or does it just kick the can down the road with declarations that is investing for the long term.Very laudable except investment is about opportunity cost and in the last few years SMT has lost its premier status,frequenting the lower quartiles of investment trust performers. |
Posted at 22/3/2024 18:20 by septblues LLL - don't know about the pre Elliott involvement Alliance performance. Alliance has to deliver c 2% + dividend yield whereas SMT doesn't. Alliance is also a broader based Investment Trust with a different benchmark. But I do see that SMT has underperformed Alliance over 3 years and therefore noticeable to Elliott, whereas SMT has out performed Alliance over 10 years without Elliott. Alliance tracks its benchmark very closely, whereas SMT outperforms its benchmark. Alliance also outsources its stock picking since Elliott involvement so comparisons may not be like for like. |
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