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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
|
|
|---|---|---|---|---|---|
| 0.80 | 0.09% | 909.20 | 250,081 | 10:05:04 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 908.60 | 909.20 | 912.40 | 908.20 | 911.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 1.38B | 1.37B | 1.0628 | 8.56 | 11.68B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:04:56 | O | 672 | 908.70 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/11/2024 | 16:48 | UK RNS | Scottish Mortgage Inv Tst PLC Transaction in Own Shares |
| 20/11/2024 | 12:23 | UK RNS | Scottish Mortgage Inv Tst PLC Net Asset Value(s) |
| 19/11/2024 | 16:50 | UK RNS | Scottish Mortgage Inv Tst PLC Transaction in Own Shares |
| 19/11/2024 | 13:10 | UK RNS | Scottish Mortgage Inv Tst PLC Net Asset Value(s) |
| 18/11/2024 | 16:51 | UK RNS | Scottish Mortgage Inv Tst PLC Transaction in Own Shares |
| 18/11/2024 | 11:47 | UK RNS | Scottish Mortgage Inv Tst PLC Net Asset Value(s) |
| 18/11/2024 | 11:13 | UK RNS | Scottish Mortgage Inv Tst PLC Half-year Report |
| 15/11/2024 | 17:16 | UK RNS | Scottish Mortgage Inv Tst PLC Transaction in Own Shares |
| 15/11/2024 | 11:53 | UK RNS | Scottish Mortgage Inv Tst PLC Net Asset Value(s) |
| 14/11/2024 | 16:58 | UK RNS | Scottish Mortgage Inv Tst PLC Transaction in Own Shares |
Scottish Mortgage Invest... (SMT) Share Charts1 Year Scottish Mortgage Invest... Chart |
|
1 Month Scottish Mortgage Invest... Chart |
Intraday Scottish Mortgage Invest... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/11/2024 | 15:43 | scottish mortgage Inv. trust charts | 3,765 |
| 02/1/2024 | 21:40 | Scottish Mortgage Trust | 8 |
| 06/6/2022 | 14:33 | ScoMo ScoMo ScoMo and other BIG TECH | 207 |
| 29/9/2020 | 06:18 | Scottish Mortgage | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:04:57 | 908.70 | 672 | 6,106.46 | O |
| 10:04:11 | 909.20 | 248 | 2,254.82 | AT |
| 10:04:11 | 909.20 | 138 | 1,254.70 | AT |
| 10:04:08 | 909.00 | 5,923 | 53,840.07 | AT |
| 10:04:08 | 909.00 | 5,000 | 45,450.00 | AT |
| Top Posts |
|---|
Posted at 10/11/2024 10:39 by lord loads of lolly The discount to NAV at any given time is less relevant than the historical average NAV discount.SMT has always held significant unquoted shares in recent years. But the relatively high discount to NAV really only kicked in around spring 2022 and has remained above the long term trend ever since. What also kicked in around that time was high inflation & rising interest rates. So you could argue that as interest rates drop & inflation reverts to low single digits (albeit with blips), SMT’s price will benefit. Indeed, this appears to have started happening already, with the fund showing greater resilience & reduced volatility of late. Though of course the more aggressive buybacks this year also helped. It stands to reason that a speculative growth fund will perform better when putting your money in safer alternatives generates markedly less than it used to. As for geopolitical influences, I suspect Trump will be good for SMT given its high US concentration. However, I fear he’ll be bad for almost everything else, particularly security. Which could have an even greater (negative) impact on markets in general. I guess the question will be whether he follows through on half his off-the-cuff pre-election commitments. |
Posted at 25/9/2024 10:29 by lord loads of lolly caternia - yup, fingers crossed!I guess your unhappy tale (to date) highlights the inherent problem for anyone investing in a more volatile fund/share. Timing is critical. But it's also almost impossible to get right, being largely down to luck. I'm fortunate, having first invested in SMT in 2016 when the share price was £3.26. I also took some money off the table when we hit £14 and again when we breached £15. But - with the benefit of hindsight - I've made some mistakes here too. Either by buying back in too early. Or by not maximising profits when the price was near its peak. My main takeaway is that however attached you become to an investment, a certain amount of trading might be beneficial. I'm not suggesting day trading SMT - far from it. But because it's quite volatile, there can be more opportunities to lock in a decent profit, then buy back in 10% lower (assuming you still believe in the investment case). I know, because I've done it myself a few times over the past 2-3 years. Best of luck anyway. Given you've a decent investment horizon, I suspect you'll still be OK here. But if you think it might help, maybe consider very occasional trading, as set out above. |
Posted at 30/8/2024 19:52 by steeplejack If you think that there are better opportunities elsewhere,you should cut your losses and invest elsewhere.Run your profits,cut your losses.However,in reality private investors often hold on until they get into profit creating a pool of stale bulls.Its human nature.That said,the NAV discount/premium to assets considerations clearly dominate all investment trust share price moves but I can’t see SMT enjoying a premium to NAV like it enjoyed some years back.I sold my SMT in my ISAs years back but still hold some in my dealing accounts.My loss making holding in SMT might well get sold to reduce a capital gains liability.Tax losses will become very valuable under a Labour tax regime.For now i hold on.Optimistically,i& |
Posted at 27/8/2024 18:13 by quepassa 1.but indirectly you do - just like a physical shareholder ....because your spread bet is related to the share price which is in turn a reflection of the NAV. And the NAV in turn is derived from the value of the Trust. The management fees are taken from the Trust and that's what you are betting on. So when SMT deduct their rightful ongoing fees/charges etc, that reduces the NAV of The Trust which impacts the share price. 2. Moreover with a long spread bet you are incurring hefty overnight funding charges which shareholders don't. 3. As a final point, SMT's charges are very low fees for the sector - I don't think anyone would consider them in any way "ridiculous" as they are so very low. Nothing at all wrong with spread-betting - indeed an excellent financial instrument in many ways- but it is a PROXY for the physical share and therefore mirrors the share and whatever makes the share move - including management charges. all imo. dyor. qp |
Posted at 04/7/2024 08:22 by lord loads of lolly shano2 - think we're going to have to agree to disagree on this one.I regard the current share price more as a reflection of the historically higher than normal discount to NAV. Rather than an issue with the NAV alone. The buyback announcement was intended to boost sentiment, narrow this discount & boost the share price. And it has - to an extent - succeeded in that. You only have to look at the graphs pre- & post- March 24 to see this. SMT clearly isn't going to put all its money into treasury. But I don't have a problem with the managers buying back a MEASURED amount when they feel the share price is trading at an unwarranted discount to NAV. These situations are fluid and if the share price continues to recover, AFAIK there's nothing to stop SMT reissuing the treasury stock at a higher share price later on. Or indeed cancelling them to reduce the total number of shares in issue. Similarly, once the £1bn buyback has completed, if it has had the desired effect (higher share price & lower discount to NAV), they can rest the policy. If it hasn't fully met their objectives (but has helped to some extent), they can either do more or look at alternatives. |
Posted at 03/7/2024 14:32 by shano2 LLL the waste i was referring was was the money used for buybacks when i feel it should be invested. The share price gain is only a paper gain, it is only the dates of buying and selling that are of any importance.As i said if buybacks helped the NAV why not put all the money into treasury. The share price would plummet. So with roughly 10% of the capital in treasury it means the remaining 90% has got to work harder as the 10% will not contribute to NAV growth. Look after the NAV and the share price will follow. What do propose they should do when the 1 billion has been used up? |
Posted at 03/7/2024 08:12 by shano2 What a complete waste and a drag on the potential of the NAV. I wonder what their plan is when they have spent the i billion? Spend another billion? If this was good for the NAV why not put all of the shares in treasury? what would happen to the share price then. Furthermore what will happen to the share price when they resell?It looks to me that announcing this share buyback has been a gift to hedge funds who now know that if they short the share to increase the discount the company with buy back the shares to try and raise the share price. Rinse and repeat. |
Posted at 02/4/2024 11:05 by lord loads of lolly septblues - I don't see it that way (for now at least).Elliott's stakebuilding has given SMT managers a bit of a wake up call. Before Elliott's intervention, the share price was languishing below £8.00. In just a couple of weeks, the discount to NAV has significantly narrowed as the share price has risen nearer to £9.00. Sure it'll fluctuate. But the turbo-charged share buyback would almost certainly not have happened without Elliott's intervention (it hadn't, on anything like this scale, previously). And it's largely that buyback that has driven the share price higher. Providing SMT managers stand their ground on the unlisted holdings, I'm currently quite relaxed about Elliott's shake up. Particularly if it means selling part of their Nvidia stake to fund future buybacks. |
Posted at 22/2/2024 19:14 by loganair NVIDIA is in bubble territory, with its share price going up like the handle of a hockey stick and at some time in the not too distant future will do a Moderna and Tesla, in other words the share price will fall 50% from its highs and as per usual SMT will not sell their NVIDIA when near their highs instead they will hang on to see the share price half as they did with both Tesla and Moderna. |
Posted at 19/11/2023 20:13 by loganair hazl - How is JEMA the worse performing fund this year. Last November 2022 the share price stood at around 80p, today around 140p therefore the fund is up 75% over the past year therefore the -88.24% over the past year is complete misinformation and if deliberately posted then is disinformation.I held JRS many many years ago and sold out just before the 2008 crash at just pennies from the top. I rebought back in 2014 to 2016 and sold all but 15% of my holding at 2.5 times my buy in price. I then bought the renames JRS - JEMA in 3 lots when the share price was in the late 50p's, late 60p's and mid 70p range and have therefore over doubled my money in JEMA over the past year - that's what investing is all about, making money from ones investments and that is what 'I've been successfully doing over the past 20 years in JRS/JEMA which has been my most profitable investment over my life time so far. SMT - ARK invest which also invests in Tech and tech start ups say that the share price is unlikely to reach all time highs of $152 and even Cathy Wood says that Arks share price is likely to be around $95 in 5 years time therefore it seems highly unlikely that SMT will reach £15.68 high of November 2021. There is more likelihood that SMT will fall below 600p over the next year. The biggest mistake SMT had was holding on to their Moderna, should have sold out when the share price was $400, however seems to me they didn't because BG is by far Moderna's largest share holder and therefore just wanted to stick with their investment in the company. |
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