Smithson Investment Share Discussion Threads

[mdumont] 21/10/2020 09:55

Between this and Fundsmith, that's what I've done. Nothing like Woodford, he went wrong when he started investing in non listed companys, took my money out of there as so soon as he started doing that. Anyway, never made so much money sitting back and enjoying life.

[danieldruff2] 19/10/2020 14:48

It's tempting to put everything in here and put my feet up - I bet some people did that with Neil Woodford!

[the juggler] 19/10/2020 14:32

What a great investment this has been to date. Launched 2 years ago (18 Oct 2018) and has grown by 58.5% - a super average of 29%+ per annum. Long may it continue!

[brexitplus] 09/10/2020 11:26

definitely add on weakness

[bezer] 08/10/2020 08:40

The Smithson Share price has just hit a new record this morning and is now +20% YTD. I know a lot of Smithson is in the US but it is worth pointing out that the FTSE is -21.5% YTD. Surely no one predicted how successful this wonderful Investment Trust would be when it was launched just under two years ago?......

[brexitplus] 30/9/2020 11:22

You are correct and I am very happy!!!

[bezer] 30/9/2020 11:18

The Smithson NAV has just broken 50% up from inception. I believe that has never occurred before please correct me if I am wrong). We are still just under 3 weeks from Smithson's second birthday. You can't complain. Congrats to all who got in on day one......

[bezer] 02/9/2020 17:49

Quick Terry Smith Interview on Sky News:

hxxps://news.sky.com/video/could-recession-be-followed-by-new-roaring-twenties-12061605

[montynj] 10/8/2020 10:41

Nice to see NAV steadily moving higher

[the juggler] 03/7/2020 22:25

Terry Smith in FT yesterday.

[hectorscrackhouse] 20/6/2020 09:28

Terry is not happy with Amadeus

[bezer] 18/5/2020 20:58

Some interesting ideas on liquidity between the main fund and Smithson.

hxxps://www.moneymarketing.co.uk/news/will-a-terry-smith-backed-investment-trust-be-a-victor-of-the-crisis/

[bezer] 12/5/2020 15:07

Agreed Juggler. It is EVEN more impressive when you examine the latest Smithson Factsheet. From inception (19th October 2018)to 30th April 2020 Smithson Share price did 31.0%. However, during the same period their benchmark index did -4.7%. Check the numbers - it's true!

During the launch of Smithson, back testing suggested it 'should' better the main fund - a tough task. So far....it has.

Also watch the new investment - Qualys inc.

[the juggler] 12/5/2020 14:34

Hitting an All Time High intraday 1408p. Incredible performance.

[mozy123] 04/5/2020 15:51

Never mentioned Nike before at an AGM. Mastercard, agree he likes it but portfolio already full with that industry.

Starbucks - never mentioned that one, but the china comment made me think of it. Lukin coffee also had a fraud "glitch" haha!!

Clorox - he started buying, but then covid hit and the share price ran away, and so wasnt able to buy for the fund a full position. Hes often said that if he cant buy a full position then it will be sold. In any event a nice trade, and no his strat hasnt changed, he just couldnt buy any more due to price.

Nike and Starbucks are class companies.

[hectorscrackhouse] 03/5/2020 09:11

186

Of course, the same could be said for many a household brand. The investment case must be made NOW though for these more mature companies.

aaaah flying, well Buffett has just ditched all his airline stock so he predicts a continuing disaster for that industry. So, they will be desperate to attract steerage punters and upgrade them. lol

Enjoy your Sunday

[bezer] 02/5/2020 22:59

Hate to tell you this Hector but if you had banged in a load 20 years ago to either of those companies you would never fly Economy again.

[malcolmmm] 02/5/2020 00:06

Most probably bought into an undervalued like for like company

[smicker] 01/5/2020 22:52

Surely he needs to sell something when he wants to add a new holding in any size?

[hectorscrackhouse] 01/5/2020 20:00

thanks The Furry One.

Has he ever mentioned Nike at any meeting????

[bezer] 01/5/2020 19:24

Thank you TheFurryOne - Excellent Post!

[thefurryone] 01/5/2020 19:17

Citywire reporting the two buys as Nike and Starbucks (Great guess Mozy!)

[bezer] 01/5/2020 17:29

I would politely argue that there is virtually no chance of Mastercard being in the Fund whilst he holds Visa and Paypal. Mastercard was discussed at the AGM just over a year ago and it was classed as a mistake, as he does not own it and it had outperformed Visa. Admittedly he loves the payment industry but Paypal is the no 2 holding so he holds an awful lot of stock in the industry. This is why his beloved L'Oréal is rarely/if ever seen in the top ten holding because he owns so much of Estée Lauder.

For me, the big question is the sale of Clorox. The more I think about it the more of a bolt out of the blue this news is. I have been looking at the dates and it appears that a return of approximately 21% was made during the recent holding. Very nice but as it is such a sound company it begs the question of why sell? It will be most interesting to hear his reasoning behind this sale when he pens his annual letter to shareholders.
In the mean time, Smithson investors should be very happy. I know I am.

[hectorscrackhouse] 01/5/2020 16:58

as a follow up, Mastercard results were good, but only went to 31 March 2020.

Check out slide 9 and the April figures, Yikes