Smithson Investment Share Discussion Threads

[arja] 24/1/2022 07:46

averaging down is a NO NO and makes no sense IMO ! Chart is in a clear downtrend but support at about 1620 level .

[marksp2011] 23/1/2022 15:11

@ 1nf3rn021 Jan '22 - 17:38 - 297 of 300

before you listen to his BS he was saying the same thing in 2010
he is world renowned permabear.

he says the same thing..... bubbles form in asset prices and then they pop. and prices fall.

Yes I agree with him. he is right. But...... as he says the same thing every few months and there are always bubbles forming and popping - gold, copper, china..he is always going to be right but he will usually be wrong ...whatever I have no idea why anyone listens to him. If you had listened to him back in 2013 when US stock prices we too high and you put $10k in the bank you would have about $11600 versus $44143 in the S&P. I can afford a 50% permanent drop and still have doubled what I would have made if I had listened to his advice on equities.

[socal1] 23/1/2022 08:12

Terry leaves out that one trades at a PE of 51 whereas the other at a PE of 14.5, hence the market cap impact for a 7% decline in earnings is 51/14.5x7% greater for the expensively priced company. This is of course a higher number than 22% he expects for the lowly prices co.

“Don’t overpay” indeed.

[donald pond] 22/1/2022 21:32

I've no position here but Jeremy Grantham speaks beautifully but has been calling a crash since 2013. You can make a great case for gold and commodities right now but if you want stocks SSON seems as good a place as any

[hectorscrackhouse] 22/1/2022 20:52

OK, like many things, it's had a towelling, but where are you going to get as return these days?

Bitcoin? Gold? Cash? Bonds?

This from a Terry's main fund letter

""The table below shows the impact of input cost inflation on two
companies in the consumer sector — L’Oréal which we own and
Campbell’s Soup, which we do not own. L’Oréal has gross margins
of 73% and Campbell’s has 35%. A 5% rise in input cost inflation
would cut L’Oréal’s profits by 7% if it took no other action, whereas
Campbell’s profits would fall by 22%.

You will recall from the look-through table earlier that our portfolio
companies have gross margins of over 60%, versus about 40% for
the average company in the index. So, from a fundamental respect
our companies are likely to be better able to weather inflation"


The SSON portfolio has average gross margins of 65%

[1nf3rn0] 21/1/2022 17:38

Certainly I wouldn't rule out 1600p or even 1500p here, hence only buying a small starter position for now.Jeremy Grantham is suggesting the S&P 500 is in line for a 50% drop. I'm not so pessimistic myself, but a further 10% drop over the next month or two would be no surprisehttps://markets.businessinsider.com/news/stocks/stock-market-outlook-jeremy-grantham-sp500-crashing-superbubble-gmo-50-2022-1

[beltd] 21/1/2022 15:07

I was pondering adding, I like the companies held. You've certainly got to take a long term view and a bit pound cost averaging at this level may reward. That said if this sell off gets worse this fund seems well placed to get hit harder than many

[1nf3rn0] 21/1/2022 12:08

Been on my watchlist for a while. Tentatively bought a starting position today that I plan to add to on further weakness, which looks likely across the markets.Drip feed the way down, and back up again is the plan.

[beltd] 18/1/2022 14:34

Bit grim. The hold and do nothing strategy does of course leave this open to some big swings as sectors move in and out favour

[novision] 18/1/2022 13:41

Still taking a bit of a pounding here....

[marksp2011] 10/1/2022 14:36

EH9. US is throwing the baby out with the bathwater. SSON has a decent exposure in Europe too so take a look at MTE and BGEU - they have been canned as well.

Bought 1000 to take my holding to 4000

[hawaly] 10/1/2022 13:34

Sector % of portfolio
Technology 😣
40.88%
Industrials
22.40%
Consumer Cyclical
12.16%
Healthcare
10.25%
Communications Equipment 😣
4.71%
Consumer Defensive
4.43%
Financial Services
2.97

[farnesbarnes] 10/1/2022 12:57

Hit my SL. Will reverse now.

[eh9] 10/1/2022 12:52

Why on earth down 9% in a week way worse than markets

[marksp2011] 07/1/2022 07:21

bezer

In terms of portfolio, 2021 was a cracking year

SSON
FSMITH
JGGI
HVPE

is 60% of my pot

I had my third extraordinary year in a row

[bezer] 06/1/2022 16:14

Check it out! The Smithson Factsheet has just been published for Decemeber.
.
18.1% for Smithson Share Price against the Equidies Index of 17.8% for the ghastly year of 2021.

This is after 29.8% in 2020 and 31.7% in 2019.

Enjoy! I sure do!

[marksp2011] 21/12/2021 11:12

Time for a share split I think

[partenope] 03/12/2021 07:32

"Cycle turns again towards Smithson" - The Times "Tempus" - BUY

[bezer] 15/11/2021 17:24

According the News section of the website today, Smithson is block listing 10M shares. This is good news.

[the real stan] 11/11/2021 14:03

Smith said ultimately he passed on Alphabet because of their record in buying businesses and then closing them suggesting poor capital allocation. BUT could be they absorb the technology and close the corporate structures or buy businesses to take out potential competition.

[mdumont] 05/11/2021 11:30

Not for long though, patience is required as Buffet said.

[bezer] 05/11/2021 10:53

Smithson has just hit £20! Congratualtions everybody!

It has doubled in three years and two weeks.

[liquidtyler] 02/11/2021 23:06

I think the reason he has gone for Amazon is because AWS (which he always admired) now makes up most of their profits. The cloud business is hugely profitable. Already owns Microsoft (which is #2 for cloud offerings). I recon he might also be tempted by Alphabet soon too,.. But anyways SSON is the topic here; Simon was clearly a fabulous choice for PM

[the juggler] 02/11/2021 21:05

Rvsy2

The Factsheet does refer to the Amazon investment! Halfway down the right hand side entitled “Portfolio Comment for October 2021”

[rvsy2] 02/11/2021 20:46

wild shot Thanks for the link ( It did not show on the fact sheet as it wasn't in the top 10 holdings)