Scottish Mortgage Invest... Share Discussion Threads

[lord loads of lolly] 24/10/2024 10:06

He's also bribing - sorry, I mean encouraging - the US electorate with daily £1m handouts to register, then vote for Trump (or at least constitutional amendments supported by Trump).

Go figure how much you'd trust anything he comes out with right now.

[quepassa] 24/10/2024 07:39

Musk expects sales growth in the order of 20-30% for next year and expects to make Tesla the most valuable company in the world

[lord loads of lolly] 24/10/2024 07:01

Sure. But Tesla’s still down over the last year. And calendar year to date.

So nothing to get too excited about. For now at least.

[quepassa] 24/10/2024 05:37

Tesla UP 10%+ in after-hours on Q3 figures announcement and buoyant outlook

[quepassa] 17/10/2024 06:16

After disappointing recent results from ASML, a big beat in Q3 earnings by Taiwan Semi. (ScoMo portfolio 2.8%)

[lord loads of lolly] 15/10/2024 08:36

steeplejack - I agree with the comments in your latest post, which (to me at least) are slightly at odds with your previous take on SMT.

Apologies if I misinterpreted your "Oh well, nothing to reflect upon then" comment. I read that as pretty sarcastic - and still do.

[shared24] 14/10/2024 18:52

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.

[steeplejack] 14/10/2024 16:07

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’d rather have lucky generals than good ones’.

(I edited out a sentence in my original post.The fact that i worked in the City once has nothing to do with anything)

[lord loads of lolly] 14/10/2024 14:20

steeplejack - a word to the wise. Sarky comments are unlikely to endear you to anyone on any board.

Not that that's probably what you intended.

It's always easy to point to individual shares in any particular fund that have bombed. Or to select periods where a fund has slipped well down the league table.

But it helps to look at things in the round - i.e. balance the successes against the failures and look at short term performance versus long term.

Sure, SMT has done relatively badly since late 2021. But it did exceptionally well in the 3 & 5 year periods running up to 2021. So investors' judgements - particularly with a fund as volatile as SMT - are likely to be strongly influenced by when they first bought & when they sold (if at all).

[hazl] 14/10/2024 13:22

Shared 24 Agree.

[hazl] 14/10/2024 12:43

Steeplejack fair enough.
There has also been a larger proportion of critics of this company lately.
Any drop is I believe more about general market malaise.

People often quick to point at the company as first point of call or make holders discontent.
I am sorry if in my haste I mistook you for one of those.

Everywhere there is trouble.
As this is a fund they can afford to get good advisors.
They might deem that the companies they hold either might recover eventually, or they can't see better to replace them with.


BWDIK.

IMO

[shared24] 14/10/2024 12:14

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.

[steeplejack] 14/10/2024 10:45

I’m not trying to promote ‘my’ stocks.Currently,i don’t hold either PCT or ATT (albeit i have in the past) but i still hold SMT.The stocks i’m losing money tend to hold my attention more than those i make money in.The trouble with these BBs are they have a strong biase towards bullish commentary at all times,afterall,the boards ordinarily attract near exclusively holders of the stock.This means that these boards have a warning attached ie ‘if you can’t bring good news,don’t bring any.’

[hazl] 14/10/2024 10:32

Clearly trying to promote your stocks.


I still have faith in SMT.

[steeplejack] 14/10/2024 09:53

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

[lord loads of lolly] 14/10/2024 08:12

steeplejack - Unfortunate? Yes. Hugely significant? No.

Northvolt forms a relatively small portion of SMT's total holdings:
www.scottishmortgage.com/en/uk/individual-investors/holdings

[steeplejack] 13/10/2024 21:23

"The London-listed Scottish Mortgage Investment Trust has scratched hundreds of millions of pounds from the value of its holdings, according to filings published this month. The fund values its shares in the ­business at £57m, compared with £380m in 2022, when Northvolt was valued at $12bn, suggesting investors expect Northvolt's value to drop by more than $10bn."Sunday Telegraph business section 13th Oct Unfortunate.

[shared24] 11/10/2024 10:24

I think it's both. The unlisted equites should do better moving forward as the interest rates are reducing and more companies are expected to do the IPO.

[lord loads of lolly] 08/10/2024 10:00

shared24 - thanks for that link - an interesting update.

The buyback has had some success in reducing SMT's NAV discount (assuming that was its primary aim). I suspect one of its other unspoken objectives was to appease Elliott Associates & get them off its back. To an extent it has achieved this too. Though how much below 5% their holding currently is remains to be seen (unless someone here can enlighten us?)

The other stat I found interesting was that SMT's unlisted holdings currently represent 23.8% of the fund. That's well down on the peak. Wonder if this is due to those holdings losing more value than the listed shares? Or whether they've divested some?

[shared24] 07/10/2024 18:31

SMT completes 1B buy-back in 12 months (2 years was the plan). Looking forward to interim results in November.https://www.trustnet.com/news/13426986/scottish-mortgages-buybacks-top-boards-1bn-target

[quepassa] 04/10/2024 14:04

IonQ's phenomenal new $54million contract with the United States Airforce Research Lab is an important mile-stone and inflection point in the Company's rapid development under the aegis of highly-regarded Peter Chapman.

IonQ's new contract was announced on 27/9, of which this is an extract:-

"“We are thrilled to be at a major inflection point for the company and the industry. No other publicly traded pure-play quantum computing company has nearly doubled revenue each year since going public, nor have they approached the $100M bookings mark so quickly,” said Peter Chapman, President and CEO of IonQ.""

hXXps://investors.ionq.com/news/news-details/2024/IonQ-Announces-Largest-2024-U.S.-Quantum-Contract-Award-of-54.5M-with-United-States-Air-Force-Research-Lab/default.aspx


NYSE: IONQ


ALL IMO. DYOR.
QP

[quepassa] 02/10/2024 21:16

re 3679

Joby closes at PLUS 28% in today's session.


just the start of its new run

[hazl] 02/10/2024 14:14

Seeing previus posts, I recognise some names from the past.
I first got them in 2016 and did well but equally, ought to have held onto them!

[quepassa] 02/10/2024 14:04

Toyota Motor invests $500m into Joby Aviation Inc( ScoMo holding 0.2%).


Joby PLUS 10% in the early session


NYSE: JOBY

and rising