Share Name Share Symbol Market Type Share ISIN Share Description
Smithson Invest LSE:SSON London Ordinary Share GB00BGJWTR88 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.60p +0.14% 1,127.60p 1,126.80p 1,127.60p 1,127.60p 1,124.00p 1,126.00p 185,823 16:29:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments - - - - 1,016.26

Smithson Invest Share Discussion Threads

Showing 51 to 73 of 100 messages
Chat Pages: 4  3  2  1
I take the point if you are buy and a very long term hold attempting timing is less worthwhile.
SSON will follow Fundsmith's proven investment strategy: Buy good companies Don't overpay Do nothing
Agreed me tooAll I'm trying to say is you should be aware that you investment could and probably will go down if people take such a short term view
Or possibly some of us have seen a few cycles and are aware that IT's can trade on fat NAV discounts during bear markets, just saying.
Well Done Smithson. Now we can`t even get our money back. Did the prospectus say that they would take all money raised, even if were many times the fundraising target ?
I'm inclined to be cautious about SSON, too. FEET has been a disappointment so far. Smith invested in Facebook at an unfortunate time, and the launch timing of SSON was unfortunate as well. Yes, it's all in the prospectus but, when you think about it, all prospectuses are around 80% the same text. A fairly young investor can probably buy SSON with confidence. At my age, the 'long term' doesn't exist!
ianood - sorry this isn't about markets moving. It is about whether they have invested in good stuff. Domino's Pizza UK has seen its ROCE decline and is facing increasing competition. Lots of well flagged problems. So I am surprised they invested in it. Yes it is only one stock out of 30 or so but it does make me more cautious on the prospects for Smithson. They just seemed to have look at the historic numbers rather than the outlook.
Caveat emptor - It was all in the prospectus! Markets move - live with it!
Villarich - I take your point. But I prefer to reach my own conclusions. When FEET was launched it was meant to be amazing. Emerging market growth and quality companies. The performance has ended up being poor. Smithson prospectus is all theory. The practice is what they actually do. Domino's Pizza UK (DOM) has been known to be relatively weak for sometime. The fact they bought it is therefore surprising. Long-term Smithson should do well. But I have to ask myself whether the main Fundsmith fund is better. At the moment the main Fundsmith fund seems better to me. The Fundsmith approach is meant to be defensive but SSON NAV is off 5% in short measure. I am not sure it deserves a 5% premium to NAV. Another factor is that Terry Smith is not directly managing it. We will see what happens but I prefer the main Fundsmtih fund at the moment. There is only one Microsoft and it is in the main fund. All the press have lapped up Smithson as a supposedly sure thing with superficial analysis. FEET was supposed to be a sure thing. A lot of the companies are "quality" but are now mature. Domino's Pizza Uk and perhaps Rightmove
I can't believe what I've just read in your post. Do you have a position in this trust? If you don't, then why are you commenting? If you do then did you not read the prospectus? It was laid out for all to read that this is a long term hold - at least 5 years. Why are you complaining about what has happened over such a short space of time.The prospectus also made it clear what type of companies it would invest in. They are mostly mid caps which have been hammered marketWide the last two months. Smithson did not start after the market sell off, it started at the very beginning of it. Since then mid caps are down even more. If you're not in it for the long haul then you may want to look elsewhere.
Issue of Ordinary Shares On 18 December 2018 Smithson Investment Trust plc (the "Company") issued from its block listing authority 100,000 new Ordinary shares of 1p each at a price of 1,012.4 pence per share; these shares rank pari passu with the existing Ordinary shares in issue. The shares were issued at a premium to the last published net asset value per share. As a result of this issuance, the total number of Ordinary shares in issue is 82,450,958 and the total number of voting rights in the Company is 82,450,958. There are no shares held in treasury.
Try, all he did was what he said he would do. Furthermore, he was quite clear about how and when he was going to execute. If you have a view that markets overall will sell off, then don’t buy. That’s what happened since launch, as if people had not noticed this small fact. In fact, the share price has outperformed benchmark indices by a couple of percent, if not the NAV. As for the premium, it’s pretty fair and I would not worry too much about that if you have an intention to hold for years. Finally, onto the subject of stock selection - give over! His record is excellent in all major respects - both performance-wise and risk-wise. Again, if you doubt one stock out of 25, what’s more likely - that he’s been foolish or that you do not clearly see the reason? If the former, again, simply don’t buy. This is not what I would (and have) said about Woodford. Great prior performance, but then ended up building entirely the wrong structure and seems beholden to it. In other words, in that case, you weren’t buying what it said on the tin. In Smithson, you are.
To lose 5% in a few months is not that great in my view. It is due to poor stock selection to some degree as Smithson started after the market wobble. Domino's Pizza UK is an example. I think they invested too quickly and didn't wait for good opportunities to come along. This fund has promise but they seem to have been too aggressive for my liking. Given the hype I am guessing the share price could sink below NAV at some point. We shall see. Glad I haven't bought into it yet.
948p NAV, fail to see why SSON should trade at a premium. More so, when I look at the holdings.
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.
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.
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.
biggest bill
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.
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!)
First Fact Sheet out.
I'm surprised the shares are holding up ..the NAV will tank...we are heading into a global bear market on equities
NAV 1016p, good stuff
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.
steptoes yard
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