Scottish Mortgage Invest... Share Discussion Threads

[lord loads of lolly] 20/10/2023 15:38

steeplejack - barring any major difference in fees or tax implications, I suspect long term performance will be top of most people's priority list.

And yes, SMT will be putting some new investors off right now as a result.

But these things can change, though there's never any guarantee of course.

[steeplejack] 20/10/2023 14:57

There are so many other investment interests available nowadays with ETFs etc,i think the 'traditional' investment trust could be in decline.

[lord loads of lolly] 20/10/2023 08:35

steeplejack - not sure what you think that "dramatic and permanent quantum shift in investment behaviour" actually is?

Sitting it out? Avoiding ITs in future?

I doubt it's a permanent shift anyway, unless/until SMT underperforms permanently.

[steeplejack] 20/10/2023 00:01

Oh well,Tesla is only 10% lower on the day, so thats just half per cent off fund NAV.The first shall be last,the last shall be first.The one factor in SMTs favour is that a large proportion of their retail fund holders are now probably so significantly in loss that unless imperative they'll probably feel compelled just to sit it out.SMT are just one of the poor performing investment trusts whose recent underperformance is ushering in a dramatic and permanent quantum shift in investment behaviour.

[lord loads of lolly] 19/10/2023 11:01

steeplejack - Not great. But Tesla is "only" just above 5% of SMT's portfolio.

So you can't read too much into this.

[steeplejack] 19/10/2023 08:10

Not turning out to be SMTs year.Musk's post results comments dowsed investor enthusiasm."After the market closed on Wednesday, Tesla (NASDAQ:TSLA) shared its third quarter financial results. Subsequently, its shares experienced an decrease of more than 3% in extended trading.Relative to Wall Street expectations, based on research from LSEG (formerly Refinitiv), Tesla reported an adjusted profit of 66 cents per share, versus an expectation of 73 cents. Tesla demonstrated revenue of US$23.35 billion, against the projection of US$24.1 billion."

[steeplejack] 18/10/2023 07:40

ASML is now the funds number one holding and has reported figures today.ASML Holding said it expects revenue next year to be similar to 2023 given uncertainty around demand recovery in the semiconductor industry but posted better-than-expected net income for the third quarter."The semiconductor industry is currently working through the bottom of the cycle and our customers expect the inflection point to be visible by the end of this year," Chief Executive Officer Peter Wennink said, adding that 2024 is seen as a transition year.The Dutch semiconductor-equipment maker on Wednesday posted a net income for the third quarter of 1.89 billion euros ($2.0 billion) compared with EUR1.94 billion for the second quarter. Analysts polled by FactSet had expected EUR1.82 billion.

[steeplejack] 16/10/2023 10:04

Moderna, which produces Covid-19 vaccines, saw its shares slump after Pfizer warned of lower-than-expected demand for Covid-19 vaccines and treatments. Pfizer slashed its expectations for revenue and adjusted earnings after the market closed on Friday as its Covid-related products saw lagging sales, a warning sign for the results of other vaccine makers. Moderna shares fall 4% to $94.40 after-hours.

[hazl] 14/10/2023 10:27

Again if you look at the chart and draw a line on the bases of points, since May, it seems to be treading water, rather than dropping, it seems.

I still only have a toe in but if it stands still rather than dropping then it becomes more interesting, I think.

[lord loads of lolly] 14/10/2023 10:10

loganair - that would depend on whether Tesla’s cost base had dropped, as volumes have increased. Sure, they’ve lost market share. That was inevitable. The traditional manufacturers were never going to just sit there whilst their combustion-engine models dwindled to extinction. 50% of a huge & rapidly growing electric market could be a lot more valuable than, say, 80% of a nascent one.

Oh, and I wouldn’t write Moderna off just yet either.

[loganair] 14/10/2023 09:23

Moderna was SMT's finest hour a couple of years ago, is when it was time for SMT to sell out of Moderna.

Over the past year Tesla has had to reduce its prices in the United States 6 times and is now down to 50% share of the U.S. market and falling therefore it seems to me plausible in a couple of years time maybe saying - Tesla is SMT's darkest hour.

[steeplejack] 13/10/2023 20:47

And Moderna hits a new years low ......If Tesla was SMTs finest hour,then Moderna is the SMT's darkest.What a complete disaster.

[hazl] 10/10/2023 19:25

That's more like it!

[quepassa] 09/10/2023 19:05

Palantir up 5.5% in today's market.

Not surprising.

[hohum1] 25/9/2023 11:06

Feeling like the 650p level is going to be tested again. Might have to dip a toe this time…

[hazl] 20/9/2023 13:33

Brucie.


Thanks for your measured post.

It is a way to get exposure to these very current stocks, from the US in some cases, commanding a high valuation but perhaps deservedly so...looking forward.

It really is only a toe, for me, but it means I can assess and build or not, as things become more transparent.

Well done.

[brucie5] 20/9/2023 12:36

Thanks Hazl. I bought into these about six weeks ago on behalf of a 3rd party folio which is largely given over to UK dividend stocks. Gives diversification away from the current value trap that seems to be the UK market - though of course we have dividends to compensate- while offering a discounted entry to these stock legends, which are not individually ones I would buy. In the meantime the chart suggests to me a bottoming at £6, though of course on the five year it goes all the way down to £5. Amazingly my purchase is just 2% down at time of writing, which compares well with a fair few other shares I could mention.

It's a bit of toe in the water, but these are indisputably great growth stocks albeit on precipitous price to earnings. Discounted at >18%.



Besides this, my main exposure to tech remains through POLR which manages a range of highly rated ITs and pays a great dividend.

Aimho, of course. I'm in no hurry to proved right - or wrong.
:)

[hazl] 20/9/2023 12:18

TSLA Up pre market.

[hazl] 18/9/2023 15:10

Growth Gazette News
@GrowthGazette1
Tesla is slashing production costs, wherever they are

And today, they have achieved new successes, they are cracking the code to die casting the underbody of a Tesla in 1 piece

And this has the potential to halve production costs enabling him to reach his dream of affordable EV.

[hazl] 15/9/2023 12:48

Thanks.

I have been in these before and the management seem up to speed with understanding risk.
I believe they make good judgements as far as is possible .

Of course, compared to us they have more means with which to do so!

[daisylove] 15/9/2023 12:33

The problem is that 30% of the portfolio is private and we don't know what these are, and the huge discount reflects the risk. Maybe woodford has been acting as advisor.
Also growth funds do badly in high interest rate settings. I'm holding till next year in the hope that rates start easing. By then of course some other potential armageddon will be upon us!