Scottish Mortgage Invest... Share Discussion Threads

[arja] 04/9/2020 08:09

I assume it is the unlisted investments that is causing SMT to perform worse than PCT and ATT at the moment . hoping nasdaq has just done a 50% retracement between breakpoint point and all time high

[arja] 03/9/2020 15:37

thanks 29 palms. With nasdaq coming off a bit SMT , ATT and PCT hit this afternoon
and hopefully it is just a correction but one never knows .

[29palms] 03/9/2020 14:56

NAV 1st Sept - 992.63p
NAV 2nd Sept - 998.77p

[arja] 03/9/2020 14:26

thanks . I could not get it as ADVFN flash stop screen too quickly . How does it compare with yesterday's figure ?

[arja] 03/9/2020 08:56

really come off and I assume the insiders have been given advance notice of the NTA figure for yesterday !

[quepassa] 03/9/2020 08:47

Two interesting articles in today's FT on pages 10 and 11.

1. Commentary on ScoMo's part-disposal of Tesla including that;

- ScoMo would consider further investing in Tesla in the event of a price setback and elsewhere, and

-that investors " have to be ready to pay "unreasonable" for high growth stocks because the scale of future returns can be dramatic....."

2. Fascinating article headed:- " Cash floods China start-ups in race for next Tesla" .



ALL IMO. DYOR.
QP

[arja] 02/9/2020 20:12

nice recovery by nasdaq which augurs well for SMT tomorrow if it holds until uk opens

[arja] 02/9/2020 15:49

TSLA now off about $50 from high point near $500.

[its the oxman] 02/9/2020 15:40

Yes a good move, happy to see it done, over 10% in anything is too much really,

[quepassa] 02/9/2020 15:00

A MASSIVE reduction in ScoMo's holding of Tesla.

The JULY month-end fact-sheet showed that ScoMo had a 13.4% portfolio holding in Tesla . This would have augmented significantly to perhaps 15% ++ in August.

However , a recent SEC filing reveals that ScoMo has just cut its holding in Tesla to just 4.25%.

James Anderson cites, according to various press-reports, that in-house stock concentration guidelines forced the cut.

Personally, I find that somewhat confusing as several ScoMo stocks have portfolio holdings significantly greater than 4.25% - such as Amazon, Illumina, Tencent, Baba and which are all (at end-July) within the 5-10% range.

So why cut from 13.4%++ to 4.25% and not, for example to 8-10%??



The other question is what will they invest the proceeds in?


My strong personal recommendation to ScoMo would be to buy Zillow - destined in my view to become the global leader in digital real-estate services which is a market with exponential potential addressing probably the biggest - and as yet still horribly fragmented and antiquated - asset class in the world.


ALL IMO. DYOR.
QP

[29palms] 02/9/2020 13:30

Reduction of TSLA holding is well warranted IMO given the meteoric rise on NASDAQ
Just gives SMT funds to invest elsewhere.
As stated previously one to hold long term regardless of ups and downs of Global stock markets.

[yaesu] 02/9/2020 13:29

Thank you Spangle for that explanation. There is always something new to learn about investing.

[arja] 02/9/2020 11:12

QuePassa,
interesting if I fully understand . SMT disappointing today but may have a late rally or even retreat as it did yesterday .

[scrabster1] 02/9/2020 10:54

This is an unstoppable juggernaut at the moment.

[arja] 02/9/2020 10:48

also,not sure the NAV can be trusted as this trust owns unlisted shares . That might explain why it is not performing as well as ATT and PCT recently as nasdaq keeps reaching new all time highs .

[spangle93] 02/9/2020 10:11

Yaesu

The simple answer is the latter. But the two are related because if the underlying value rises, investors may be more inclined to buy,

Each day SMT issues an RNS with Net Asset Value. The RNS notes "Net Asset Values are calculated in accordance with published accounting policies and AIC guidelines". The NAV is effectively the value of the underlying investments.

So the share price of investment trust has either a premium or a discount to the underlying value. Over time this differential can change, so if you buy when the discount is high, and the discount closes, you get effectively more of an uplift in your holding.

SMT is currently trading around its NAV, though has been at a small premium for much of the last quarter. Conversely the Herald Investment Trust,HRI, which several posters here also hold, often trades at a discount of more than 15%

[yaesu] 02/9/2020 09:54

Excuse me if this is a stupid question, but with investment trusts quoted on the LSE, how is the current price determined ? Is it based on the value of the underlying investments, or is it just like ordinary shares whose price is based on market sentiment, i.e. the price investors are prepared to buy or sell at.

[quepassa] 02/9/2020 07:53

Baba up almost 4%
Meituan Dianping up almost 4%



Wonder whether Jeff will follow Elon with a share split.


ALL IMO. DYOR.
QP

[arja] 01/9/2020 12:42

so reason is the drop in NAV on 31st august which was a bit surprising although nobody knows how they value the unlisted investments

[arja] 01/9/2020 12:33

surprisingly it has pulled back to 965 and getting close to day trade level with a CFD I think . Might depend on whether nasdaq kicksn on afterphysical market opens at 2.30 uk time

[zippel] 01/9/2020 10:49

ZM went to $400 up $100 on the day, in after hours yesterday! That should help too !

[29palms] 01/9/2020 10:41

Not only do we have TSLA in "Melt Up" situ, today we have holding ZM showing a 27% gain in Pre-Market Trading hours.

Should enhance the NAV

As always,
DYOR