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SSON Smithson Investment Trust Plc

1,389.00
13.00 (0.94%)
01 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Smithson Investment Trust Plc 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
  13.00 0.94% 1,389.00 1,387.00 1,388.00 1,388.00 1,370.00 1,388.00 770,470 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -939.54M -967.66M -5.6359 -2.46 2.38B
Smithson Investment Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker SSON. The last closing price for Smithson Investment was 1,376p. Over the last year, Smithson Investment shares have traded in a share price range of 1,164.00p to 1,458.00p.

Smithson Investment currently has 171,697,958 shares in issue. The market capitalisation of Smithson Investment is £2.38 billion. Smithson Investment has a price to earnings ratio (PE ratio) of -2.46.

Smithson Investment Share Discussion Threads

Showing 426 to 450 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
29/2/2024
21:41
It could provoke selling from institutional holders who have to "comply or explain" when they hold stuff that fails the basic corporate governance rules. As you say, a major og
donald pond
29/2/2024
15:28
Which was a complete own goal. I am a solid long term holder here, things are picking up and they would have sailed through the vote and probably narrowed the discount ahead of it. Avoiding it will likely widen the discount and reflects badly on the board.
tiger blue
27/2/2024
16:05
View from brokers is that they dodged a continuation vote
spangle93
27/2/2024
08:00
Annual financial report



"Over the last five years Smithson is the best performing trust in the AICs Global Smaller Companies sector"

"We end this year with significant optimism for the future. Not only is portfolio positioning the best we believe it has ever been, but the subject of much of my commentary over the last couple of years, the interest rate cycle, is almost certainly at its peak. The upward movement in interest rates has been the strongest negative force against the relative performance of small and mid-cap equities and it is perhaps worth observing that over the two years since rates started increasing, the MSCI World Small and Mid-cap index has underperformed the MSCI World Large cap index by over 10%. We wait to see what effect falling rates might have."

spangle93
26/1/2024
08:02
Investment manager is very pleased with where things stand



"It has been a busy 12 months, taking advantage of low prices during the weak market to improve and diversify the portfolio. After these actions, we are unashamedly enthusiastic about what we now own. The portfolio is without doubt in the best shape it has been since inception and I am excited to share the changes with you"

spangle93
08/1/2024
19:37
I am in then
edwardt
19/12/2023
16:16
I've exited my small holding despite the discount. I do think they sometimes over-pay.
topvest
06/10/2023
13:14
I see it was the second most sold investment trust last month
danieldruff2
06/10/2023
12:41
Is SSON Turing in to another FEET..
essentialinvestor
25/8/2023
14:13
I'm not holding my breath though. I'm not sure the outlook for mid cap stocks is especially good given economic outlook across the world. If growth is hard to come by over the next decade, lack of decent dividend at SSON is a drag for sure.
cruelladeville
25/8/2023
14:01
Adam, have you watched the recent AGM presentation?.

Unconvincing imv - all be it a highly subjective view.

The question is not whether the share price will rebound, clearly at some stage it will,
more a case of can they outperform, particularly given no Divi payments.

essentialinvestor
25/8/2023
13:57
Awful over the long-term I agree, but using the last year or so (or today!) as the basis, I think its a reasonable bet for decent growth for here
adamb1978
25/8/2023
13:10
Yes there's been regular share buy backs recently. Smithson share price remains awful.
cruelladeville
23/8/2023
10:52
If the Simcorp deal goes ahead then that is going to give them around £80 million cash. I'd guess some of that will be spent on buybacks.
chinahere
20/8/2023
14:36
Yes, I think you're pretty much on the ball there. Obviously Smith gave up on FEET. I have been wondering how long it'll be before Smithson goes the same way. With well over £20 billion invested just in Fundsmith, I imagine SSON to be hardly worth the bother for them.
cruelladeville
20/8/2023
12:39
I think the explanation for underperformance here is more simple: starting valations.

Terry Smith's mantra is "identify good companies, don't overpay, do nothing"

I think he or the fund over-estimated the resilience of midcap multiples in difficult market conditions and raising rate environment, and therefore they failed the 'don't overpay' part.

I believe this will come back, but it needs to happen the hard way, via increased earnings, which will take a year or two. The companies which it owns are good businesses, but there just needed to be a reset in valuations

adamb1978
20/8/2023
12:17
It was unfortunate really that I thought swapping half my Fundsmith into Smithson would give me useful diversification. Alas, all it's done is increase volatility and reduce returns. 20:20 hindsight of course. I have no idea what the future holds but I think it likely in a low growth or recessionary environment, the mid cap stocks in Smithson are going to struggle. For the foreseeable future. Of course, there's the possibility I'm completely wrong.
cruelladeville
20/8/2023
09:54
CdV,
as a recent late to the party Fundsmith investor, I worry that alternative explanations could be:
- Terry Smith and his sidekick’s focus on Fundsmith. I.e. they are just good stock pickers and performance is dependent on them staying around.
- They have ridden a wave of popularity for quality growth large caps, and will falter once that subsides.

I have no idea which it is, and hope it is as you suggest, that the Fundsmith method works for large caps, even though apparently not for mid-caps or emerging markets.

papy02
19/8/2023
18:15
The two failures produce little or no dividends as well. I gave up on this one earlier in the year.
danieldruff2
19/8/2023
11:17
Sadly, I sold half my Fundsmith that I had bought at launch to buy SSON IPO. Though the first couple of years at SSON were shoot the lights out stuff, I'd actually have been better off not bothering and just held on to Fundsmith.It seems to me that the Smith method works extremely well on large cap stocks. But has failed on mid cap and emerging market stocks. (FEET has been wound up, I think there's a case for winding up Smithson too).I reckon that's one success and two failures for Smith.
cruelladeville
19/8/2023
10:26
I'm invested in several investment trusts including Smithson. Most of them have followed the same pattern and have dropped significantly since around start of 2022. Seems to be the markets in general affecting them all (well most), I think. I would like to think they will recover, it's just a matter of time.
bdog51
19/8/2023
10:00
Held SSON since IPO and seemingly made a huge mistake not selling out at 2000p. I am very close to giving up on Smithson. I have a sell order in at AJB to sell as soon as it gets back to 1400p. Anyone else?
cruelladeville
08/8/2023
19:32
Just for info.; there's very little on this anywhere now? hxxps://masterinvestor.co.uk/funds-and-investment-trusts/buy-rating-for-smithson/
richardly
03/5/2023
16:35
It's just apeared! https://vimeo.com/823350370
cruelladeville
03/5/2023
12:49
Dan, what's your take on that?.
essentialinvestor
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older

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