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
  17.00 1.78% 974.50 1,814,639 16:35:22
Bid Price Offer Price High Price Low Price Open Price
970.00 971.50 973.00 945.00 964.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 28.91 24.08 1.55 628.7 14,342
Last Trade Time Trade Type Trade Size Trade Price Currency
17:20:37 O 993 950.321 GBX

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Date Time Title Posts
25/9/202014:42Scottish Mortgage4
23/9/202016:34ScoMo ScoMo ScoMo and other BIG TECH46
23/9/202012:04scottish mortgage Inv. trust charts1,143

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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 957.50p.
Scottish Mortgage Investment Trust Plc has a 4 week average price of 843p and a 12 week average price of 843p.
The 1 year high share price is 988.50p while the 1 year low share price is currently 451.80p.
There are currently 1,471,684,808 shares in issue and the average daily traded volume is 3,997,708 shares. The market capitalisation of Scottish Mortgage Investment Trust Plc is £14,341,568,453.96.
shepherd999: Any predictions for SMT price next week please ?
quepassa: A very positive RNS from Macau Properties Opprtunity Fund this mornin(ticker MPO). Against those excellent pieces of news about 1.Refinancing 2.Property sale above book, 3.Improving sentiment The current Discount To NAV is astonishing. Latest NAV (30/6/20) 179p Share price 68.5p (offer) Discount to NAV 62% ALL IMO. DYOR. QP
shepherd999: Anyone predict SMT share price for next week ? Reach 950 ? Or no ?
spangle93: News feature on another site... Baillie Gifford has reduced its significant holding in electric carmaker Tesla (NASDAQ:TSLA), after a surging share price took its position to high levels in portfolios. The Scottish asset manager took its total stake in the company below 5% at the end of August, but reaffirmed its strong support for the business. Previously Baillie Gifford had almost a 7% stake in the carmaker, making it the second-largest backer of the firm after its eccentric founder Elon Musk. Tesla features in a number of other Baillie Gifford funds, including seven of its 10 best performers such as Baillie Gifford Positive Change, Baillie Gifford Managed, Baillie Gifford American, and Baillie Gifford Global Stewardship. At the end of July, it was also the largest position in the £13.5 billion Scottish Mortgage (LSE:SMT) investment trust, at 13.4%. The asset manager bought into Tesla in 2012 when the stock was trading at around $30. Today the share price is $418 (as at 7 September ahead of US markets opening), and Tesla’s stock has climbed 386% year-to-date. James Anderson, manager of Baillie Gifford's flagship investment trust Scottish Mortgage, says the firm had to reduce its exposure to Tesla to stick to portfolio concentration rules. “The substantial increase in Tesla’s share price means that we needed to reduce our holding in order to reflect concentration guidelines, which restrict the weight of a single stock in clients’ portfolios. “However, we intend to remain significant shareholders for many years ahead. We remain very optimistic about the future of the company. Tesla no longer faces any difficulty in raising capital at scale from outside sources but should there be serious setbacks in the share price we would welcome the opportunity to once again increase our shareholding.” The manager adds that Baillie Gifford feels “privileged221; to have been Tesla’s largest external shareholder over a critical period in the company’s development, and points to its role in the climate change fight. “We are immensely grateful for the extraordinary efforts and achievements of Tesla in driving forward a transportation and energy revolution in the face of persistent scepticism and often downright hostility. Without Tesla’s efforts, the possibility of averting climate disaster would have been significantly reduced. “In our view, the underlying purpose of providing equity capital at scale is to try to assist in mitigating, and hopefully solving, the most serious problems the world faces. For sure, we and our clients are extremely happy with the progress of the share price but we see this as but a reflection of the ultimate objective,” says Anderson. While investors have benefited hugely from Tesla’s incredible run, they might now be relieved that Baillie Gifford has taken profits and moving to more prudent positioning. Many commentators are asking if Tesla’s share price rise is now just froth, and the recent tech sell-off points to the shine coming off some high-growth stocks - Tesla’s share price lost 18% between Monday and Thursday last week amid a tech rout.
spangle93: 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%
spangle93: Now could be a good time to bank some gains from the Scottish Mortgage (LSE:SMT) after an “exceptional” 55% share price rise since the start of the year, says investment trust analyst firm Stifel. Stifel notes that concentration in the portfolio is high, with the 10 largest holdings accounting for 58% of NAV as at 30 June. This has benefited investors so far but could quickly turn to a risk. The analysts say: “In recent months, this concentration has worked well for shareholders given the very strong price performance of many of the trust’s largest investments. However, in a different market scenario, or if there were some negative company-specific issues, the concentration could be an important risk factor, potentially impacting performance.” The analysts argue that taking some profits now could be a “contrarian but prudent” move for shareholders. “Given the exceptional performance…since the start of this year….we do think there is a good case to take some profits and lock in some gains,” the note said. Reported in an article on a sister site with a name close to interpassive investor
digitaria: SMT price reaction a little muted at this point, may rise once the NAV is announced.
ianood: uapatel - I must admit to having happily held SMT up until the start of this week! I have huge respect for B.G and accept their positive approach to revals of unquoted stocks. I also,for a living, used to run a multi billion $ investment grade, senior debt fixed interest fund for a bank. We had a rigid revaluation process prescribed by the main Board with full time valuation employees monitoring the process which worked >99% of the time. However, during the worst of the Financial Crisis 2007/2008 it was impossible to obtain a price for anything other than AAA/AA rated Govies with US Investment Bank paper being impossible to price unless they were capable of being repo'd straight out to a Central Bank with whom you had bilateral lines. Having seen that occur for a period of time I cannot bring myself to trust any unquoted share price reval methodology. The Woodford/Link comment was really a tongue in cheek comment, however, the possibility of a current market "blow off" frightens me and now you know why!
quepassa: A fallen angel in the ScoMo portfolio. Used to be a clear Top Ten holding but now languishing in 22nd slot, the global bricks'n'mortar retailer, Inditex. Inditex share price performance 5 years ago Euro 35 December 2019 Euro 31.5 Now Euro 22.5 Not sure if the ScoMo portfolio relegation is due entirely to poor share price performance or to part-disposals. Either way the share price has been drifting badly for some time and, unlike most of ScoMo's tech stocks which have raced ahead, Inditex has not in any way recovered since the March/Covid slump. In a tech-centric portfolio, Inditex always stuck out as being an unusual stable-mate. ALL IMO. DYOR. QP
spangle93: Arja - sorry if this sounds patronising, as it's not meant to. But there's a major difference between unlisted investments held in a OIEC (unit trust) and an investment trust (IT). SMT is an IT. The share price at which they are traded reflects how much an investor thinks they are worth, guided to a degree by the published net asset value (NAV), but the trade is (simplistically) one seller to one buyer. If a lot of people want to sell, the share price goes down. But the underlying investments do not need to be touched. The Woodford issue was that with a unit trust, if someone wants to sell, the managers must sell underlying stock to get the cash to meet the seller's request. If there is a high unlisted content here, it's not straightforward, or even possible to sell easily, so if a lot of people want their money, the liquid holdings have to be sold, leaving a high portion of illiquid ones. As you say, Greatpepe makes a valid argument, which I've considered when it's passed 600p, 650p, 700p, 750p, 800p, 850p, and 900p. ;-) Some of the underlying valuations do look full, but the managers make some very interesting points in their literature that, rather then being a specialist fund, SMT reflects the new mainstream. So I'll risk missing the top by riding the momentum Good luck
Scottish Mortgage Invest... share price data is direct from the London Stock Exchange
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