Share Name Share Symbol Market Type Share ISIN Share Description
Scottish Mortgage Investment Trust Plc LSE:SMT London Ordinary Share GB00BLDYK618 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  25.50 2.04% 1,275.00 3,174,301 16:35:23
Bid Price Offer Price High Price Low Price Open Price
1,270.00 1,271.00 1,271.00 1,242.50 1,255.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 16.35 10.05 0.62 2,056.5 18,327
Last Trade Time Trade Type Trade Size Trade Price Currency
17:26:45 O 93 1,256.99 GBX

Scottish Mortgage Invest... (SMT) Latest News (2)

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Date Time Title Posts
22/6/202110:08scottish mortgage Inv. trust charts1,763
09/6/202118:51ScoMo ScoMo ScoMo and other BIG TECH139
29/9/202007:18Scottish Mortgage5

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Scottish Mortgage Invest... (SMT) Most Recent Trades

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Scottish Mortgage Invest... Daily Update: Scottish Mortgage Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SMT. The last closing price for Scottish Mortgage Invest... was 1,249.50p.
Scottish Mortgage Investment Trust Plc has a 4 week average price of 1,165.50p and a 12 week average price of 1,056p.
The 1 year high share price is 1,417p while the 1 year low share price is currently 787p.
There are currently 1,437,424,806 shares in issue and the average daily traded volume is 2,336,343 shares. The market capitalisation of Scottish Mortgage Investment Trust Plc is £18,327,166,276.50.
dexter1612: Serious question to the regulars who only appear when this share price drops.Are you day traders, short term investors that trade in SMT because it tracks the Nasdaq (losely)?SMT is a long term growth investment so any fluctuations in share price are not only expected but predictable. You are investing in the quality of fund manger, proven ability to stock pick the small number of companies that will contribute to the most returns in a given index. Its an unqualified success by any measurement.Always open to different opinions, it just seems like a real lack of understanding about the trust itself.
dexter1612: I'm not sure how you can ever accurately predict daily share price performance in any Trust let alone SMT.......maybe other factors such as Biden today pledging to half USA carbon emissions in 9 years play to SMT strengths and holdings.
dexter1612: Q2 environment looking like it will be ideal for SMT. Share price closing in on fair NAV and several blockbuster IPOs on the horizon in the summer......also earnings reports for several of its largest holdings.
hartleyjr1: Investors hunt for source of $19bn distressed stock sale Friday’s block trade selling spree on Wall Street sent share prices tumbling More than $11bn was wiped off the valuation of the owner of MTV and Nickelodeon on Friday. Wall Street traders are hunting for the source of nearly $19bn of distressed stock sales that caused a sharp slide in several Chinese technology companies and US media groups on Friday. The mysterious share sales, which helped knock $33bn of value off the companies involved, sparked rumours that a hedge fund or family office had blown up and was moving to wind down billions of dollars worth of its positions. The trades have captivated Wall Street in what is shaping up to be another volatile year, with big shifts wrongfooting established funds. Goldman Sachs — one of two banks managing the sales — began emailing investors about the trades well before the market opened, with $6.6bn worth of stock in Baidu, Tencent Music and Vipshop on the block. The Wall Street investment bank told counterparties that the sales were prompted by a “forced deleveraging,” a signal that a fund may have been hit with a margin call, according to people with knowledge of the matter. Goldman increased the size of the deals several times, they said. Money managers initially thought the selling was concentrated in US-listed Chinese technology groups ahead of a new measure introduced by the Securities and Exchange Commission that could force them to delist from US exchanges. But speculation became rampant on Wall Street as the big blocks of shares kept coming, and the stock names on offer broadened beyond Chinese groups. Some fund managers believed the fire sales indicated that a major hedge fund or family office was in trouble. Throughout the day equity sales traders at Goldman and its rival Morgan Stanley hammered the phones as they tried to move billions of dollars of stock. Shares in US companies such as Discovery as well as online retailers Shopify and Farfetch were offered out, wiping billions of dollars off valuations. The sales were executed in five blocks. After the initial $6.6bn round, Goldman followed with another $2.3bn in the afternoon and $1.7bn worth of ViacomCBS shares. Morgan Stanley sold $4bn worth of shares earlier in the day, followed by another $4bn batch in the afternoon. Morgan Stanley initially allowed investors to choose their allocations of individual stocks, but later moved to an “all-or-nothing” offering where traders would buy an entire basket of securities, two sources familiar with the process said. The biggest moves came in shares of ViacomCBS, as more than $11bn was wiped off the valuation of the owner of MTV and Nickelodeon in a single trading session. By Friday’s close, the company’s shares had halved in value since the start of the week. Although the company had earlier received analyst downgrades from investment banks like Wells Fargo and Moffett Nathanson, traders believe the catalyst for the share price fall was something else. On Monday, ViacomCBS shares closed at an all-time high. The cable television group then tapped Morgan Stanley and JPMorgan Chase to raise nearly $3bn through an equity sale. Shortly after that move was announced, ViacomCBS stock began to drop. Shares closed 9 per cent lower on Tuesday before falling a further 23 per cent on Wednesday. “I don’t think anyone saw it trading like this,” one banker briefed on the deal said, who added that the capital raise was “probably too big”. One source said they were told the declines that began in ViacomCBS following its capital raise began to hit a family office hard, forcing it to unravel its positions, while a second said Morgan Stanley confirmed at least some of the trades were from the same seller. But the sheer size of the sales have prompted questions as to whether more than one fund or family office was wrongfooted. It follows a three-month period of unusual trading in ViacomCBS and Discovery stock. Shares of the companies had rallied 170 and 148 per cent respectively, between the start of the year and Monday’s close. They were the top two performing stocks in the S&P 500, up more than twice as much as the next-best performing stock. Morgan Stanley, Goldman Sachs and ViacomCBS declined to comment.
hartleyjr1: From my spreadsheet - Excel doesn't pick up on some of the share prices but still - for reference first % is daily change, second column of % is impact on SMT overall value - -3.75%. As you know, my feeling is that +70% after very solid growth in prior to March 2020 gives you little wriggle room. Great PMs at SMT, of that there's no doubt and hats off to how they traded Tesla but the fund is beholden to it's holdings which are generally still on impossibly high multiples... 1 Tencent 6.50% 642.5 -5.38% -0.35% 2 Illumina 6.10% 384.46 -3.61% -0.22% 3 5.90% 2980.01 -0.68% -0.04% 4 Tesla Inc 5.10% 562.52 -5.93% -0.30% 5 NIO 4.80% 35.18 -7.69% -0.37% 6 Alibaba 4.60% 220.6 -2.82% -0.13% 7 Meituan Dianping 4.50% 308.8 -8.37% -0.38% 8 ASML 4.20% 503.72 -4.42% -0.19% 9 Moderna 3.60% 123.62 -6.48% -0.23% 10 Delivery Hero 3.30% 103.15 0.44% 0.01% 11 Kering 2.10% 539 -1.93% -0.04% 12 Spotify 2.00% 256.34 -6.78% -0.14% 13 MercadoLibre 1.90% 1367.4 -6.99% -0.13% 14 Netflix 1.90% 497.865 -3.59% -0.07% 15 Zalando 1.80% 2051.02 -14.21% -0.26% 16 NVIDIA 1.70% 465.46 -6.62% -0.11% 17 Pinduoduo 1.70% 137.53 -12.30% -0.21% 18 Denali Therapeutics 1.60% 56.95 -6.70% -0.11% 19 Ferrari 1.60% 189.27 0.20% 0.00% 20 Ant International 1.60% 1.25 0.00% 0.00% 21 Affirm 1.50% 73.73 -9.13% -0.14% 22 HelloFresh 1.50% 58.8 -0.93% -0.01% 23 Zoom Video Communications 1.40% 312.075 -7.51% -0.11% 24 ByteDance 1.20% 0.00% 25 Adyen 1.20% 1814 0.00% 0.00% 26 Tempus Labs Inc 1.10% 0.00% 27 Shopify 1.10% 1085.05 -4.06% -0.04% 28 Wayfair 1.10% 303.84 2.77% 0.03% 29 Ginkgo BioWorks 0.90% 0.00% 30 Carvana 0.90% 242.05 -7.45% -0.07% 31 Vir Biotechnology 0.90% 42.84 -5.18% -0.05% 32 Ocado 0.90% 20.88 0.00% 0.00% 33 TransferWise 0.80% 0.00% 34 You & Mr Jones 0.80% 0.00% 35 Kinnevik 0.80% 45.45 -4.30% -0.03% 36 Zipline 0.80% 0.00% 37 Palantir Technologies 0.70% 22.5 -6.05% -0.04% 38 Stripe 0.70% 0.00% 39 Space Exploration Technologies 0.70% 0.00% 40 Workday 0.70% 231.465 -2.34% -0.02% 41 Atlas Copco 0.70% 416.3 -1.95% -0.01% Total 86.70% -3.74%
hartleyjr1: Yes, stamp duty is payable on purchasing SMT.L I can see the bearish sentiment on tech lasting for some while - risen too quickly as market pivoted out of cyclicals, and TINA (there is nothing else). Obviously a lot of hope about recovery in cyclicals (probably overly optimistic) but flows now into stocks which got hammered in 2020. Lot of tech stock valuations still look bonkers even with ZIRP / -ve rates (even putting a near 0% discount rate in tesla's DCF requires absurd long-term growth to get to today's share price). Apple / Amazon / FB / Alphabet I reckon might fall 10% from here, but a lot of SMT's holdings I think could be subject to bigger falls over the coming months. but as you say certainly opportunities for intra-day trading.
bdog51: Looking at SMT's top 4 holdings, currently 3 of them are trading up today and only one is down ie Tesla at -0.26%. NASDAQ recovering, up 1.3%. Makes a nonsense of SMT big drop again today of over 5%. SMT share price will need to catch up as the discount to NAV will be widening further. Seems rather oversold now. I've had 2 or 3 top ups at these levels in last couple days.
muscletrade: Certainly the NAV is a moving target and the share price is busy trying to pre anticipate what the NAV will be when the dust settles. Having said that the Tesla share of the NAV had already been reduced to approx 4% before the drop. Even if TSLA went to zero then the NAV would only go down by 4%. So far TSLA effect including todays pre market prices , a drop of almost 25% from top would mean a drop to NAV of just 1%. Even if NIO echo TSLA exactly then that would mean another drop of approx 1% of NAV. Meanwhile SMT right now is down by 20% from recent high. Other members of SMT top ten holdings will also be impacting of course but none of them will be matching TSLA (and NIO) Will be interesting to see update to NAV .
sf5: Do people have a view of the possible impact on share price of a major market fall, triggered perhaps by perceived tech over-valuation/frothiness? Am unclear how the 20% unquoted element will affect things. Clearly SMT won't be forced to sell anything as a direct consequence of such a fall, being a closed-end vehicle, but that 20% could grow uncomfortably high if the 80% remainder fell by say 15% to 68%. Would Baillie Gifford downvalue the unquoteds by a similar %, which might reduce the perceived problem or do they have to await a meaningful transaction in the unquoteds to justify a lower valuation? Likely that the discount would rise also. Are there any lessons from the ex-Woodford SUPP that are relevant? Just getting a bit concerned at my overall BG exposure (including one of my DC occupational pensions, which has 3x my BG exposure than my SMT SIPP holding). From memory, there's much commonality in holdings between the many BG funds/ITs. Eg their MNTN IT (which I don't hold) has quite a bit in common with the 20% unquoted element of SMT. Thanks!
alanrussell: Ant float suspended! Hopefully not make too much difference to SMT share price.
Scottish Mortgage Invest... share price data is direct from the London Stock Exchange
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