Smithson Investment Share Discussion Threads

[spectoacc] 18/12/2018 09:41

948p NAV, fail to see why SSON should trade at a premium. More so, when I look at the holdings.

[steve3sandal] 15/12/2018 18:43

Also out last week. Portfolio was largely flagged pre IPO so no real surprises but I just feel PEs are coming down and I’m going to reduce my equity exposure.

[porsche1945] 15/12/2018 15:05

Pretty underwhelmed with portfolio, will liquidate at cost when i can. Iv been in a number of these individually in the last 12 months and have exited them, UK heading for brexit induced meltdown. I sold a chunky six figures of Fundsmith last week too, its started to flatline at best as momentum has gone out of US market, some growth stuff like Amadeus been hammered, moving into income funds, some yielding almost 7 per cent, growth cycle over.

[biggest bill] 13/12/2018 15:02

I am not impressed by some of the investment choices, especially shares like Domino's Pizza. I also think the premium to net assets is undeserved. I won't be investing here.

[tyranosaurus] 10/12/2018 17:44

I would
I wouldn`t want Rightmove in my portfolio at the moment.
This could easily go under the offer price.
Should not have invested so quickly with potential Brexit effect.

[jonwig] 07/12/2018 06:27

Due to enter the FTSE250, I beleieve.

In the top ten holdings, I'm a bit surprised by Rightmove, and isn't a Soros fund short on Halma?
(I wouldn't dream of criticising!)

[konkel] 06/12/2018 14:51

First Fact Sheet out.

[montynj] 06/12/2018 10:37

I'm surprised the shares are holding up ..the NAV will tank...we are heading into a global bear market on equities

[tongostl] 04/12/2018 10:29

NAV 1016p, good stuff

[steptoes yard] 03/12/2018 16:35

Thanks lomas. I did look in his morning but it was a tad early. Some fascinating stuff in there particularly the evidence that there are some solid companies out there in the investable universe that have already beaten their pre-End September highs before the market paused.

[brexitplus] 03/12/2018 16:31

Holdings include

Technology One, Verisign, Ansys, Sabre, Simcorp, CDK Global, Domino's Pizza Group, Domino's Pizza Enterprises, Chris Hansen, Equifax, Check Point, Masimo, Rightmove, CDK Global, Ansys, Cognex and Halma

[lomax99] 03/12/2018 15:34

The wait is over:They have invested 97.4% of the fund in 29 holdings, the summary is available here:Https://www.smithson.co.uk/fund-factsheet

[steptoes yard] 02/12/2018 12:27

I am expecting the funds first monthly Factsheet to be uploaded to the Smithson website this week. As a bare minimum we will know the Top 10 holdings and quite likely the performers and detractors.

[ianood] 21/11/2018 18:47

Yes, my concern with that fund was/is that there is no hedging and FX movements can pee all over a "good story".

[trytotakeiteasy] 21/11/2018 18:45

I think Smith and Fundsmith are great. I just think investing that quickly is a bit risky... can always do it over 3 months....but I am sure Smithson will do well and wish them every success.....

[mad foetus] 21/11/2018 18:44

Funnily, they took over a year to invest the proceeds of FEET, but I think the emerging market liquidity was much less than the SSON universe

[ianood] 21/11/2018 18:27

Smith, by his own admission, does not try to time markets. His skill set is very much that of an analyst who is value and growth driven.

[trytotakeiteasy] 21/11/2018 18:22

About a 5% decline.....I think they invested too aggressively... should have done it over time to some extent....like the concept...but the premium here is a bit mad.....also buying quality is tough.. the companies are at a premium and if they lose the quality edge the stock will tank...

[tyranosaurus] 21/11/2018 13:17

NAV now 953p

[trytotakeiteasy] 20/11/2018 11:11

8% premium to the latest 964p NAV. Lots of optimism from investors in this fund.

[tyranosaurus] 14/11/2018 18:15

So he`s managed to invest a hell of a lot more than he thought he was going to raise.
Only 40M ish left. Not a lot if there`s a Brexit driven crash.
I hope he has spent it well and not like a kid with xmas money.

Perhaps as they have peanuts left to invest they could find the time to let us know what our money is invested in (before December).

[edwardt] 14/11/2018 10:53

on a 9% premium investing in growth stocks when the tide has turned there. good luck maintaing that premium level in this market.

[sogoesit] 14/11/2018 07:36

With the “premium”; to issue I’m waiting ‘til December unless the markets make a turn-around and leap.
Will they by December? I doubt it.

[spacecake] 14/11/2018 07:31

95% invested, premium to nav.

[wirralowl] 06/11/2018 16:16

Thanks, konke1.