Starlink loses its contract with Ontario over Trump tariffs |
arja - SMT has consistently traded at a discount to NAV for the past three and a half years.
Whilst this can be a good thing, allowing buyers to accumulate below asset value, there’s no guarantee the discount won’t subsequently widen rather than narrow.
Too great a discount can also lead to speculative hedge funds (like Elliott or Saba) swooping in to shake things up.
In the case of Elliott, this has been positive for SMT, encouraging its fund managers to go on an aggressive buy back scheme which helped narrow the discount. But it isn’t always beneficial. The hedgies are only interested in short term gains, which often come at the expense of longer term performance. |
have not followed this stock since I departed from UK early last year but notice it has a lovely short term uptrending chart and more it i think . I see that it now TRADES AT A discount to NAV which is a good thing as not always the case . |
QP- agreed; they continue to impress both with their efforts and broadly with their results. |
Last divi (paid in Dec) was 1.6p a share. Next due for payment in July.
SMT’s yield is pretty modest, currently c. 0.4%. It’s intended as a long term growth fund. |
https://letmegooglethat.com/ |
Is there a dividend on this stock ? |
Angus McCoatup - 'fraid not. Thought you said you were "in clover" with SMT now anyway?! |
Lord loads of Lolly, do have any spare lolly you could give me? |
I am in clover today with SMT since holding it for five years. |
Caternia - unfortunately purchases made between early December 2020 & mid January 2022 currently remain out of the money.
The share price went ballistic between late December 2019 (588p) and Nov 2021 (over 1500p) before falling off a cliff.
Early signs suggest we're some way along the next big surge now, having already risen from around 640p in October 2023 to this morning's 1127p. |
Go up SMT 13% I will be in profit. ATt my investment up 43% . So long way to go for me. |
I'm enjoying these late afternoon rises, this is what happened in the good old days |
SMT are 'adventurous' in approach,a good deal more so than many arguably similar trusts.I seem to remember a time when it was considered that the Covid pandemic would become an enduring part of our everyday lives as it subtly metamorphosed but such fears proved unfounded....for now.My only criticism (with hindsight) is that they went a bit gung-ho with Moderna but they'll probably be successes aplenty ahead. |
Yes, the price you bought is the one which matters to the individual investor. It also influences perception as to what may be to come.
I am 50% up, and worried about buying more at the current price.
If I was 10% down, I would probably be worriedabout delaying topping up in case the price runs away from me.
I think all one can do is tio try to think of everry purchase /sale as though it was a different stock, because all that matters is where you think it will go from today's price, not where it has moved from the price at which you earlier bought or sold.
A purchase at above a previous purchase /sale price will be a good investment if it continues to rise, and a purchase below a previous purchase /sale price a bad one if it falls further. |
You can almost always select a period "proving" one fund has underperformed another.
Similarly, you can point to SMT outperforming both ATT and PCT over the past 6 & 12 months. I agree though that Moderna has been a major drag on SMT's share price since 2021. SpaceX - amongst other holdings - might just be the antidote. Even if one or two of them are run by nut jobs. |
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