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
  -71.00 -6.53% 1,017.00 14,405,070 16:35:19
Bid Price Offer Price High Price Low Price Open Price
1,018.00 1,021.00 1,076.00 1,019.00 1,060.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 28.91 24.08 1.55 656.1 14,619
Last Trade Time Trade Type Trade Size Trade Price Currency
18:09:48 O 126,000 1,073.142 GBX

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07/3/202109:50scottish mortgage Inv. trust charts1,360
01/3/202118:39ScoMo ScoMo ScoMo and other BIG TECH135
29/9/202006:18Scottish Mortgage5

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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 1,088p.
Scottish Mortgage Investment Trust Plc has a 4 week average price of 1,019p and a 12 week average price of 1,019p.
The 1 year high share price is 1,417p while the 1 year low share price is currently 451.80p.
There are currently 1,437,424,806 shares in issue and the average daily traded volume is 8,443,318 shares. The market capitalisation of Scottish Mortgage Investment Trust Plc is £14,618,610,277.02.
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: So in a week NAV has dropped just over 6% while share price down 20% (half of which this morning). maybe tech sell off has some way to go but at this rate SMT will be a bargain sooner or later. With TSLA now in a bear market maybe SMT will be buying back in again at a 50% discount(already half way there) to what they sold for just a matter of days ago. That would be a laugh, but I hope they dont.
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 .
bmel: st5 I am a holder here (175% up) but not an expert - so with that qualification...... SMT would come down in a big correction - same as everything else. Question is will it go back up again to continue above average performance? I believe yes because of the quality of the holdings and the Fund managers' portfolio strategy that created and drives it. Look at it performance on a 5 or 10 year horizon (and do some comparisons with other big funds). I can't comment on valuations for non-listed companies- guess they will drop, and then they will comeback in line with their sectors. Also SMT in companies that will go to big scale IPOe 'non-listed in SMT does not mean small eg SpaceX No valid comparison with SUPP (i have a small number of them too). Orders of magnitude in scale of investments eg sinlge investments bigger that whole of SUPP. Important to recognise that SMT looking at businesses wiht a MASSIVE growth potential and IPO. This is now circa £17bn - big stuff built on a large number of successes and a small number of failures (happily they are not perfect). BG - have a look at their China or Europe or other USA funds if that takes your fancy - aprt from that there are hundreds to choose from. Depends on your portfolio and where you see growth coming fromm over th next 5-10 years. As i said i am not expert in this so just my views. Article attached about SMT direction of travel - reinforces my reasons or continued holding for long term hxxps://
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.
29palms: Ahh.... The Pessimist appears here on SMT thread with a copy/paste job trying to demean the meteoric rise on share price This would be the same Pessimist that stressed doubt on SMT in a downturn when the share price was circa £5 per share... well what about this years Pandemic downturn!!! The same Pessimist that stated they sold most of their remaining SMT holding when share price was around £9 per share. Current share price = £10.35 Really does smack of Aesop's fable!!!! As a final point to ponder...SMT largest holding TSLA tonight "after the bell" beat the street on the "Top and Bottom" line in Q3 with record quarterly sales. Currently trading @ circa $430 in after hours trading(equivilent to $2150 before recent share split) This will only provide another fill up to SMT NAV
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.
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