Scottish Mortgage Invest... Share Discussion Threads

[hazl] 29/11/2023 08:19

The UK is in a hybrid position apparently.

It has more satellites in space than any country excepting the US and China.
It has the potential to launch rockets from the Cornwall Space port, but it has a way to go with launch success.

Cornwall also has Cornish Metals CUSN and a very interesting little hub is developing there.

[hazl] 29/11/2023 08:14

Haven't had so much time to post lately but found a couple of articles that I feel really supports our case here.

No wonder there are such high predictions,financially, for the space industry in the future.
In the Times on the 19th the very interesting article entitled 'Lunar Goldrush mining the moon will be the next space race' appeared.
In referring to a book citing how space will change everything by Tim Marshall, it shows how dozens of private companies are getting involved.

Now we can see how canny the researchers are in the Scottish mortgage fund.

Elon Musk 's Space X has pioneered a reduction in the cost of launching a rocket which is pointing to making space mining more and more affordable.

Demand for materials to fit our quest for net zero, will outstrip earth's supply.

[hazl] 28/11/2023 13:07

I think the fact that we have stayed above 700 bodes well.

[hazl] 28/11/2023 08:07

I think he works for one of the rival funds judging by his committed stance over years in JSE.
Of course it didn't stop the tremendous fall over there.

Pointing this out doesn't stop him so he must feel cushioned by his superiors, perhaps?

My own thoughts entirely, I might add.

[lord loads of lolly] 27/11/2023 13:27

Loganair - fund managers will always have diverse views.

So it’s the easiest thing in the world to find one that chimes with your personal opinion, then hold them out as the leading authority.

Sadly, few (other than you - & perhaps your teenage son) would regard Oxbow as a household name in the investment world. Or much of an authority on anything financial frankly.

Given your stance, presumably you’ve either never held SMT. Or at the very least have long since sold out completely.

[loganair] 27/11/2023 09:56

Ted Oakley of Oxbow said the following...

1. Commodity companies could replace tech over the next 10 years as very little investment in mining over the past 10/15 years.

2. Oxbow are cutting back on legacy tech companies such as Apple and Microsoft and over the past couple of quarters have not been investing any new clients money in these companies. Apple hasn't come up with an innovative new product since the passing of Steve Jobs, just keep churning out the same old, but just updated.

The Tech companies, even including the Magnificent 7 are now a really Speculative investment.

3. If take out the Magnificent 7 the S&P is down for the year.

The Magnificent 7 are the Generals of the S&P and the Generals are always the last to fall, but fall they will in the end.

4. Like in 1999/2000 when even a company making drainage pipes made themselves into a .com company, today the same thing it happening that companies that have nothing to do with AI have suddenly been talking big in AI, shows we're at the top of the tech market.

5. Oxbow are now 55% liquid.

6. 47% of U.S. debt comes due in 2024 & 2025.

[lord loads of lolly] 24/11/2023 22:47

Loganair - as unfounded conspiracy theories go, yours is right up there.

I can only conclude you’ve got an agenda, as surely no-one could openly be that thick.

[hazl] 24/11/2023 16:14

Does that include you logan?!

Your post.
'Most 40-50-60 year old analysts have not got a clue when it comes to new high tech.'

This fund has many angles and sectors.

Sorry the market looks as though it's turning to me....you'll just have to get used to it!

imo

[loganair] 24/11/2023 15:50

I still firmly believe in the next 5 years or so mrna treatment will be considered as unsafe to be given to fit healthy people and 2020 - 2023 should never, ever have been given to fit healthy people, was criminal to advocate to do so because the only reason why it was given to fit healthy people was for the motive of profit for the said pharmaceutical companies.

[loganair] 24/11/2023 15:46

Steve jobs was the exception as the first time he left Apple, Apple as a company went down the toilet and he had to return to rescue the company.

Most 40-50-60 year old analysts have not got a clue when it comes to new high tech.

[hazl] 24/11/2023 15:42

It went from 640 to 720 since beginning of November!


Very often when a retrace happens there are people waiting in the wings for an entry point, I have found.


I think it is the start of a recovery so perhaps you are wasting your breath?

[hazl] 24/11/2023 15:39

Whilst that is true and they can point you to good investments, you are clutching at straws to negate the investment here.
And not doing very well at it.
This is just going through a normal drop after a few good days.


IMO

[steeplejack] 24/11/2023 15:39

Steve Jobs who transformed Apple in his 40s and 50s was clearly young at heart then.

[loganair] 24/11/2023 15:23

The young are the tech savvy while the 40 and 50 year old analysts are still back in the stone ages, just ask any teen.

[steeplejack] 24/11/2023 13:17

So,am I to understand that we can dismiss all those highly paid investment analysts in the tech space and hang around middle school for enlightenment.There was a US investment club some years back that made a handsome return on its investment in Wal Mart which was stimulated by the observation that the car park was always full.In the area of tech,however,i question whether talking to a teenager is going to give you much of insight as to the bottom line profitability of social media technology.Everyone to his own.

[hazl] 24/11/2023 13:12

Cum Par NAV 803.76p XD

Cum Fair NAV 832.08p XD

Ex Par NAV 803.44p

Ex Fair NAV 831.76p

[hazl] 23/11/2023 19:52

The recent rise says the market likes us....

imo

[lord loads of lolly] 23/11/2023 14:07

loganair - you can rabbit on about the worldly wisdom of your teenage son all you like.

Fact remains, the latest figures for Spotify & Hello Fresh totally contradict his none-too-scientific hunch.

[hazl] 23/11/2023 13:08

I think it is time to remind those above
that the proof of the pudding is in the eating!


Net asset values show the share price is undervalued in my book!
Scottish Mortgage Investment Trust PLC (SMT) 22 November 2023
Legal Entity Identifier : 213800G37DCS3Q9IJM38
Cum Par NAV 809.98p

Cum Fair NAV 839.24p

Ex Par NAV 808.04p

Ex Fair NAV 837.30p

[quepassa] 23/11/2023 12:11

FT page 9 (22/11)

Palantir win £330m NHS data contract

May 2023 $5
Nov 2023 $20

a lot more to run

[monte1] 23/11/2023 11:05

Quite so. An apples and pears comparison.

The growth trajectory seems to bear that out.

[brucie5] 23/11/2023 11:02

Loganair, that may be the important distinction - between tastes of teens and twenty-somethings. To which there might be two further questions:
1. Is this difference age specific, like the taste for good coffee, which is probably not of interest to average 15 year old..?
2. And which demographic has more disposable income to spend on what they like?
;)

[monte1] 23/11/2023 10:05

Spotify active user data growth - with 220m of these currently premium subscribers. Unfortunately it does not provide a breakdown to the level of granularity of Loganairs teen’s schoolmates.

Quarter 1 – 2015 68 million
Quarter 2 – 2015 77 million
Quarter 3 – 2015 91 million
Quarter 4 – 2015 96 million
Quarter 1 – 2016 104 million
Quarter 2 – 2016 113 million
Quarter 3 – 2016 123 million
Quarter 4 – 2016 132 million
Quarter 1 – 2017 138 million
Quarter 2 – 2017 149 million
Quarter 3 – 2017 160 million
Quarter 4 – 2017 157 million
Quarter 1 – 2018 180 million
Quarter 2 – 2018 191 million
Quarter 3 – 2018 207 million
Quarter 4 – 2018 217 million
Quarter 1 – 2019 232 million
Quarter 2 – 2019 248 million
Quarter 3 – 2019 271 million
Quarter 4 – 2019 286 million
Quarter 1 – 2020 299 million
Quarter 2 – 2020 299 milliion
Quarter 3 – 2020 345 million
Quarter 4 – 2020 356 million
Quarter 1 – 2021 365 million
Quarter 2 – 2021 381 million
Quarter 3 – 2021 406 million
Quarter 4 – 2021 422 million
Quarter 1 – 2022 433 million
Quarter 2 – 2022 456 million
Quarter 3 – 2022 515 million
Quarter 4 – 2022 489 million
Quarter 1 – 2023 515 million
Quarter 2 – 2023 551 million