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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
  -0.20 -0.02% 805.20 2,468,377 16:35:28
Bid Price Offer Price High Price Low Price Open Price
801.00 802.00 805.20 786.00 798.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 23.26 16.44 1.16 694.1 11,642
Last Trade Time Trade Type Trade Size Trade Price Currency
18:03:00 O 1,142 793.97 GBX

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Date Time Title Posts
02/2/202316:10scottish mortgage Inv. trust charts2,612
10/12/202219:33Scottish Mortgage Trust3
06/6/202214:33ScoMo ScoMo ScoMo and other BIG TECH207
29/9/202006:18Scottish Mortgage5

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

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-02-03 18:03:12793.971,1429,067.14O
2023-02-03 17:59:11805.20864.42O
2023-02-03 17:46:13792.7332253.67O
2023-02-03 17:40:18798.5724,230193,493.03O
2023-02-03 17:24:36798.165,45643,547.77O
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Scottish Mortgage Invest... (SMT) Top Chat Posts

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Posted at 03/2/2023 08:20 by 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 805.40p.
Scottish Mortgage Investment Trust Plc has a 4 week average price of 718.20p and a 12 week average price of 690p.
The 1 year high share price is 1,125p while the 1 year low share price is currently 670.60p.
There are currently 1,445,899,194 shares in issue and the average daily traded volume is 2,696,026 shares. The market capitalisation of Scottish Mortgage Investment Trust Plc is £11,642,380,310.09.
Posted at 01/2/2023 11:19 by hohum1
It’s often the case that the bull market darlings from one cycle do not lead the recovery into the next.
After the tech boom, it was financials which led into the GFC (remember RBS was the biggest bank in the world by assets). Mining stocks led after the 2008 crash and then FANGS / technology had 10 years in the sun. SMT played the mining into tech switch incredibly well but has had its time. Maybe it’s cheap value / small caps for the next 2-3 years but we are unlikely to see SMT at £15 for quite a while

Posted at 25/1/2023 16:48 by quepassa
yawn, yawn, yawn.


i didn't forget anything.

there are a million ways to skin a cat and even more ways to present figures.

And each year ScoMo's share price has indeed increased on average by 42% compared to the period starting price.



by the way Diageo, Nestle????

are you off your rocker?

what Mars bars and bottles of Scotch??


do you really think those companies fit ScoMo's philospophy of:-


"Our mission is to identify companies and entrepreneurs building the future of our economy. Companies set to change the world.

Why? Academic research has shown us that a very small number of companies generate the lion’s share of returns. So finding those few companies is what drives us."



Whatever anybody says.....
......+420% over ten years is very good for an Investment Trust.

ALL IMO. DYOR.
QP

Posted at 25/1/2023 16:28 by cynicalsteve
QuePassa, the annual increase is more like 15% (still very good of course), you forgot to compound the increase!
Looking at the percentages the thing that stands out for me is the volatility of SMT, to make huge profits you have to time your buying and selling. Polar and Allianz might be better bets for more cautious investors who want to buy and hold.
Of course SMT isn't actually a technology trust, it's international growth, so you could wake up on April 1st and find its largest holdings are Diageo, Nestle and Barrick Gold!

Posted at 25/1/2023 14:42 by quepassa
Latest monthly Fact Sheet just out to 31/12/22

Consider.

Share Price Performance.

1 Year -45.7%
3 Years +26.2%
5 Years +64.8%
10 Years +420.7%



Over one year it looks like a zero.

Over ten years it still looks like a hero at a gob-smacking +42.07% per annum.


ALL IMO. DYOR.
QP

Posted at 20/1/2023 08:11 by masurenguy
Highly geared Scottish Mortgage faces ’second leg’ of downturn

Investec analyst Alan Brierley has downgraded Scottish Mortgage (SMT) to ‘sell’ warning the halving in the its share price since November 2021 does not signal the end of the £10.8bn investment trust’s bear market. Replacing his previous ‘hold’ recommendation, Brierley said that despite a 6% New Year rally, SMT remained ‘vulnerable to a sharp correction in the coming months’, advising investors ‘there will be a much more attractive point of entry’. Shares slipped 2% to 752.7p from a 9% discount to asset value.

https://citywire.com/investment-trust-insider/news/investec-highly-geared-scottish-mortgage-faces-second-leg-of-downturn/a2407154?re=105100&refea=29529

No position - remains on my watchlist.

Posted at 30/12/2022 10:25 by lord loads of lolly
hohum1 - in any given investment trust, you can almost always pick out individual shares whose value has plummeted. However, I note you carefully avoid any mention of SpaceX, in which SMT has a significantly larger holding than either Stripe or Bytedance. And whose recent fundraises have consistently boosted the company's valuation: hTTps://www.cnbc.com/2021/02/16/elon-musks-spacex-raised-850-million-at-419point99-a-share.html. Whilst I'm not suggesting SMT couldn't go lower, or that it's been a great year for them, I'd argue it's always important to retain a degree of balance.
Posted at 20/10/2022 10:07 by lord loads of lolly
Caternia - OK then. Time to move on from quepassa, as he appears unable to answer even a basic question from me. In terms of the future for SMT, nobody knows for sure. I suspect we're in for another turbulent 12 months, with volatility still in charge. If global recession materialises (inevitable in my book), the sectors SMT is most heavily invested in are likely to remain out of favour. The question then is how much of this is already priced in? I suspect quite a lot. But an even deeper/longer recession than the current consensus could drive global share prices even lower. The other big unknown is inflation and how high international interest rates will have to go to bring it under control. My guess is that interest rates are likely to peak some time towards the end of 2023. My reasoning for that is that Putin may well find it increasingly hard to fund a long war of attrition in Ukraine, as Europe increasingly weans itself off Russian energy. Sure, he can turn to other markets like China & India, but they aren't going to pay as much. And are unlikely to mop up all the surplus that Europe has since turned its back on. Even early signs of a potential resolution in Ukraine (however messy & unsatisfactory) would be deflationary & hugely market-boosting. But of course, trying to read the mind of an unhinged leader like Putin is a mug's game. The other big unknown with SMT is how its unquoted listings fare. Continued devaluations there could spook investors & create a credibility issue. There again, the reverse is true. Many were dismissive of Tesla when it was a minnow, trading at around $20. SMT, however, had the foresight to see its potential & the contacts to allow it to be a significant early investment partner. Sure Tesla's share price has almost halved from its peak. But SMT has also been reducing its % holding there over the past year or two and has made a shedload of money thanks to its early backing. My personal thought is that how you approach SMT entirely depends on whether you're already invested or looking to get in now. It also depends on your age, risk profile & aspirations. If you're in the least risk averse and haven't already invested in SMT, my advice would be don't. If you've a fair time left until retirement and have some spare cash now, I doubt you'll go too far wrong getting in at these levels (providing you've at least a 5 year - and preferably a 10 year - timeframe). If you've bought in at much higher levels than today, my advice would be don't lose heart or ditch the lot, crystallising a huge loss. Instead, look to trade a bit of what you've already invested, selling maybe 10% of your holding when the price next moves up (say to above £8), then buying back in if/when the price next moves 10% back down below your selling price. Of course, this involves an element of luck and is - like any other form of investing - also a bit of a gamble. a) You could sell 10%, only to see the price continue to recover. But at least then you've sold a portion of your stake at a higher level than now. b) You could never see the price recover to £8. In which case, at least you haven't thrown any more money at it. c) You could sell a tenth, buy back in at a price 10% below your selling price, then find the price continues to drop even further below your buy back price. Nothing is ever certain, but I've repeatedly managed to use this trading strategy to at least average down a bit. Hope this helps. All these suggestions are purely IMHO. So please DYOR.
Posted at 05/10/2022 08:49 by lord loads of lolly
donald pond - fair enough. Your final point is probably most pertinent. SMT's share price has ALREADY reacted dramatically to a baked in economic global downturn. If (and it's a big if) that looked like it had started to bottom out in 2023, market sentiment might well improve across the board. Sure, the tech sector could take longer to benefit. But that really depends on whether value shares still look such great value by then. I'm sceptical and suspect a number of the so-called value shares with high current yields will soon be cutting their dividends in light of economic conditions this winter/next spring.
Posted at 05/10/2022 07:42 by donald pond
Lol,6/12 months of drops is based on the widely held assumption that economic growth is slowing in the US and that is likely to continue until mid 23 at the earliest. Company results will reflect this, though valuations may be supported by a looser fed policy. Also, history shows the leading sectors in one bull market have never led the next. So the recovery at SMT stocks is likely to be relatively anaemic. That's my working assumption. Though with the share price already near 50% down from its peak, it would be surprising to see it below say £5.
Posted at 21/2/2022 19:52 by utyinv
Scottish Mortgage Investment Trust biggest faller on FTSE 100

by Suban Abdulla
February 21, 2022 12:53 PM GMT

Shareholders of former market darling Scottish Mortgage Investment Trust (SMT.L) have had a rough start to 2022 as its share price declined drastically, turning it into a "dog" fund.
The company's share price is down nearly 25% on the year, making it the biggest FTSE 100 (^FTSE) faller.

The 113-year-old trust has been a top FTSE 100 performer in the past decade, with its share price rallying more than 100% in 2020. It was up almost 700% during that period.
Managed by James Anderson, who is set to leave Baillie Gifford in April, and Tom Slater, the £15bn ($20.4bn) fund is packed full of fast-growing stocks.
The fund offers investors ways to invest in companies like carmaker Tesla (TSLA), SpaceX and Epic Games that are among the trust's unlisted holdings, which make up 20% of the portfolio.
It counts the likes of pharmaceutical firm Moderna (MRNA), Chinese video games giant Tencent (TCEHY) and US chipmaker Nvidia (NVDA) amongst its top 10 holdings.

Experts think one of the reason for the decline is higher interest rates after the Bank of England raised rates for a second time in three months, to 0.5%, after they were slashed to near 0% at the start of the coronavirus pandemic. This coupled with rising inflation has impacted Scottish Mortgage Investment Trust (SMT) thanks to its heavy exposure to unlisted and growth stocks.

The Trust's tech-heavy holdings could offer another explanation for the turn down as rising rates could wipe the appeal off tech stocks.
A recent tech sell-off meant SMT's holdings tumbled in price, further pushing down its share price. Technology firms benefitted from global governments pumping money into economies and slashing interest rates during the pandemic.
So far this year, the tech-heavy Nasdaq (^IXIC) is down 14.4% year-to-date, and down 16.4% since hitting an all-time high in mid-November, just before the Omicron variant hit global markets.

However, despite the fast declines, SMT shares are still 55% higher compared to two years ago, according to financial advice firm The Motley Fool.
The trust's investment team has been stellar at identifying innovators and high growth stocks in the past, sometimes years before they go public.
It outperformed in the global category in the past, with returns of 143%, 214% and 757%, over three, five and 10 years.
The investment fund's share price has soared almost 160% since 2017, with investors benefitting from nearly 830% gain in the last decade. This compares to 222% by the MSCI AC World index (ACWI).
Peter Hewitt, manager of the BMO Managed Portfolio trust recently said that there is a chance that the trust lags its rivals in the next 12 months. But on a five to 10-year view, he expects SMT to continue to deliver attractive returns.
"Holding Scottish Mortgage may mean that I underperform in January, but I am not too worried because in the long run you make big gains from sticking with these types of trusts and where they are invested," he told the Telegraph.
Shares in SMT were 4.2% lower on Monday afternoon in London, and down 8% on the week.
SMT's stock decline means that the company has joined 86 other "dog funds" underperforming on the market.
A recent reportshowed dog funds surged by 54% to £45.4bn. This was led by JP Morgan’s (JPM) US Equity Income fund, which controls £3.92bn in investors’ money and underperformed its North America index by -32%.
Halifax UK Growth (-10%) and Invesco UK Equity High Income (-29%) were Britain's biggest dog funds.

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