Scottish Mortgage Invest... Share Discussion Threads

[hazl] 23/3/2024 09:59

It seems an American activist known for mounting aggressive campaigns

has become the largest shareholder.

[hazl] 23/3/2024 09:54

I have just seen these posts and will look at the article.
Thank you faz.


My initial reaction was dismay about Elliot being involved.

These days everything is so shortermism in effect.
However will read the article and see what they have to say.

[faz] 23/3/2024 09:49

Written up in the Times today hxxps://www.thetimes.co.uk/article/us-activist-swoops-on-scottish-mortgage-jmgtvh3nk might be a pay-wall.

[arja] 22/3/2024 20:43

small discount to NAV now and much wider when I last followed this stock and traded it

[septblues] 22/3/2024 18:20

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.

[lord loads of lolly] 22/3/2024 14:10

septblues - can't say I agree with you that "there's no evidence that (Elliott) are good at predicting the future."

Since their 2015 intervention in Alliance Trust, its share price has gone up from around 500p to 1225p. And it has way outperformed its benchmark over the last 5 years:
www.trustnet.com/factsheets/T/id56/alliance-trust-plc/

Contrast that with the 10 years prior to Elliott's involvement, when Alliance Trust rose less than 70%. Admittedly this earlier period includes the 2007/8 financial crisis, but even so.

In any case, I'd argue their 5% holding indicates a pretty firm conviction. Though of course, that doesn't necessarily mean they're right!

[septblues] 22/3/2024 12:50

There is no evidence that Elliott are technology investors or growth investors. They are value investors. Alliance is a value, income and general growth trust. It's a very different trust from SMT. Other than cutting costs (EU regulations distorted that), eliminating investments, there's no evidence that they are good at predicting the future. And if they want SMT to jump on to the AI theme, one can argue that the AI investment train has left the station (for now). Elliott are the wrong kind of investor for SMT. Active investor involvement in Witan or F&C was largely ineffective from an investment basis where allocation to sector specialists was historical and picked the wrong sectors and wrong specialists.

[18bt] 22/3/2024 12:16

Now the second best performer in its category on a TR basis over 1 year and back up to 3rd over 5 years

[brucie5] 22/3/2024 09:55

Up and away. Again?

[bielsainvestor] 22/3/2024 09:24

Questions abound as Elliott takes 5% stake in Scottish Mortgage
Arrival of activist US hedge fund on the register of the Baillie Gifford global flagship revives memories of Elliott's successful campaign against Alliance Trust a decade ago.

[bigwilly1986] 22/3/2024 09:13

This optimism is disconcerting compared to my usual despair - does anyone have any comment about the Holdings announcement, is the rise sustainable?!

[quepassa] 21/3/2024 14:24

the one the market is surprisingly not talking about.

Coinbase Global:

jan 2023 US$ 30
mar 2024 US$ 275

a near ten-bagger in just over a year.

NASDAQ:COIN.
Mkt cap $66 billion.

all imo. dyor.
qp

[quepassa] 21/3/2024 13:18

1.

Discount-to-NAV for ScoMo has now rapidly narrowed down to about 4.5%. (cum par)

868p vs. 907p

Wow!

2.

with a significantly overlapping portfolio of stocks, makes sister-fund, Baillie Gifford US Growth, trailing at a discount of 13%, look like a real bargain.


all imo. dyor.
qp

[hazl] 19/3/2024 09:37

Burny — Effective Omni reposted
Tsarathustra
@tsarnick
Jensen Huang introduces Blackwell, Nvidia's new GPU platform with 208 billion transistors on die



Amazing stuff.

[hazl] 17/3/2024 20:16

Thanks to someone on sha bb.

[quepassa] 16/3/2024 21:26

Check the following 4 RNS announcements entitled "Transaction in Own Shares" with June dates in 2023:-

RNS 2/6/23
RNS 14/6/23
RNS 29/6/23
RNS 6/7/23

[swiss paul] 16/3/2024 20:41

Strange that they never seem to announce share buybacks when the shareprice is low - like in the middle of June.

And they want you to believe they should be the custodian of your hard earned?

[dickiehh] 16/3/2024 18:05

Yes, agreed. Some might say about time! What about the other Baillie Gifford trusts, does this set a precedent? Obv, SMT is the biggest but SAIN, USA are still big and on very wide discounts. Unjustifiably so imho, as both have good track records

[quepassa] 15/3/2024 18:08

Very impressive to see ScoMo pull the trigger so rapidly and with such determination on the newly announced massive £1billion Share Buy Back program announced just this morning.

In an after-hours RNS announcement, ScoMo announced that they spent just shy of £21 million on buying 2.56 million shares at c 815p today.

Leaving still most of their powder dry for future share purchases.

Closing at the day's high of 823p being + 5.53% on the day, the after-hours share purchase announcement augurs well for the Monday opening.


With the Buy Back program swelling its sails, the share price now has every chance of moving along swiftly with a potentially rapid compression of the discount.


ScoMo has got back its MoJo.

ALL IMO. DYOR.
QP

[peetle] 15/3/2024 17:19

Seems like delayed response to the news. I'd rather they invested it but I'll take the increase.I've been waiting for them to turn £8 resistance into support and this might be what does it.

[caternia] 15/3/2024 12:54

Your right. On holidays forgot the days😂㈳4;

[caternia] 15/3/2024 10:57

I won’t get too excited by the increase today, most likely fall back tomorrow. We need to get up to £9.00 plus

[quepassa] 15/3/2024 10:06

February Fact Sheet now out.

ASML has increased from 8% of portfolio at end January to 8.2% at end February.
Nvidia from 6.5% to 7.9%


Overall, ScoMo much more buoyant in last few months and clearly now on the uptrend.

The big Share Buy Back Program announced today will significantly support share price and highly likely to help further compress discount to NAV.

Looking good.

all imo. dyor.
qp