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SSON Smithson Investment Trust Plc

-5.00 (-0.38%)
01 Dec 2023 - 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 Shares Traded Last Trade
  -5.00 -0.38% 1,297.00 386,062 16:35:08
Bid Price Offer Price High Price Low Price Open Price
1,295.00 1,298.00 1,310.00 1,291.00 1,310.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -939.54M -967.66M -5.6359 -2.30 2.22B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:08 O 2,897 1,297.00 GBX

Smithson Investment (SSON) Latest News (2)

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Date Time Title Posts
06/10/202313:14Smithson Investment Trust428

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Posted at 02/12/2023 08:20 by Smithson Investment Daily Update
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 1,302p.
Smithson Investment currently has 171,697,958 shares in issue. The market capitalisation of Smithson Investment is £2,223,488,556.
Smithson Investment has a price to earnings ratio (PE ratio) of -2.30.
This morning SSON shares opened at 1,310p
Posted at 06/10/2023 12:41 by essentialinvestor
Is SSON Turing in to another FEET..
Posted at 25/8/2023 14:13 by cruelladeville
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.
Posted at 25/8/2023 13:10 by cruelladeville
Yes there's been regular share buy backs recently. Smithson share price remains awful.
Posted at 20/8/2023 14:36 by cruelladeville
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.
Posted at 19/8/2023 11:17 by cruelladeville
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.
Posted at 19/8/2023 10:00 by cruelladeville
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?
Posted at 02/2/2023 11:16 by cruelladeville
About time there was a bit of life in this stock! A long way to go yet though, 2022 was truly dreadful for SSON shareholders.
Posted at 12/8/2022 09:34 by lomax99
Inflation has wiped 30pc from my portfolio – the worst may be over'Fund manager Simon Barnard explains why his £2.5bn investment trust will bounce backAfter it raised record-breaking sums from investors when it floated in 2018, the Smithson Investment Trust has had a torrid 2022 so far.The £2.5bn fund, which invests in global small and medium-sized companies, has struggled over the past 12 months, with its assets falling in value by 19pc. This compares with a 20pc drop from rivals and a 7pc loss by its sister fund Fundsmith Equity, which is managed by renowned investor Terry Smith and focuses on much larger companies.The trust's manager, Simon Barnard, tells Telegraph Money why he remains confident in his strategy following this tough period and why inflation may already have peaked.How do you invest?The strategy is identical to that of Fundsmith Equity in so far as we invest in a small portfolio of high-quality companies and we try not to overpay for them. We then do as little as possible, which means our turnover and costs are minimised. It also means the companies we own are given a chance to compound in value over time. In practice this means we aim to hold them for five to 10 years, but ideally we would hold them forever if nothing caused us to sell.In our opinion a high-quality company has to have high returns on capital, which means a good return on the money the business has invested. To get that you need high profit margins and strong cash flow. The difference between us and Fundsmith Equity is that we apply this to global small and medium-sized companies, whereas they tend to focus more on large caps.Do you avoid any companies?We tend to avoid quite a few sectors. This is determined by the areas that we see generate long-term shareholder value. Sectors we tend to like are technology, healthcare and those that are consumer-facing, which means we avoid pretty much everything else. This includes energy, commodities, heavy industrial companies, cyclical industries like airlines and cars, regulated industries such as utilities and asset-heavy industries like real estate.Why has the fund performed badly in 2022?Performance has been tough so far this year. As inflation has increased, the market has expected interest rates to rise to control it. Central banks are doing that, but it is the expectation of higher interest rates that has tended to reduce the valuations of our companies.They are high quality and quite fast growing, which means they have a lot more profit to come in the future than other parts of the market, so tend to have higher valuations. As interest rate expectations increase, the value of those future profits in today's money is ultimately reduced, which means the valuation falls.Overall, we remain confident in the long-term outlook of the companies we own, share prices aside. The strategy of investing in high-quality, growing companies has performed well through ­earlier cycles.What will happen to interest rates and inflation?Our strategy is to invest in good companies, regardless of future macro­economics. As we can't predict that, we don't spend too much time thinking about it. What I would say is that, given the increase in interest rate expectations that are weighing on the share prices of our companies, it makes sense that this pressure will be relieved once interest rate expectations from the ­market stabilise.That requires us to see the peak in inflation because as soon as that happens we can get a better sense of the overall size and shape of the interest rate cycle that is needed to contain inflation. Unfortunately, the actual peak of inflation can only be determined after the fact because we need to see a few months of declining inflation, but there is a possibility we could well be living through peak inflation now.Are your holdings protected against recession?The vast majority of our companies are not particularly cyclical. They have high margins and a lot of cash on the balance sheet with very little debt, so fundamentally they should be fine.What has been your best investment?Since we bought Fortinet, the cybersecurity company, in September 2020 it has gone up by 155pc. As you can imagine, issues in cybersecurity are not going away, recession or not.And your worst?Unfortunately, because the travel industry was devastated during the pandemic, the worst performer has been Sabre, a software company that serves the sector.In focus: MonclerThis Italian fashion brand is a well run company. It has high margins and returns on capital and is increasing its market share. It has also acquired Stone Island, another Italian luxury brand, which is in a similar position to where the Moncler brand was in the early 2000s. The firm is confident that it will be able to grow Stone Island just like Moncler.The travel industry is recovering only now. We have seen signs of life in Sabre, but it has been a long slog through the pandemic.   
Posted at 14/7/2022 13:10 by frederickbloggs
I hear you, but it's the share price we need to be most interested in. That's what we buy and sell at. Today at SSON website, it shows share price decline more than 41% year to date. That's a dreadful outcome for what's supposed to be a portfolio of the highest quality companies.I can do nothing now except sit and wait. I used to think SSON was a hold forever share. I am not at all sure about that any more.Of passing interest, my Fundsmith shares have been far less volatile this year. Even Blue Whale Growth Fund, a pretty high octane investment, hasn't suffered like Smithson has.
Posted at 29/2/2020 13:30 by basstrend
Yes the SSON share price got clobbered, along with the global markets in general. This is down to general panic and hysteria over the coronavirus of course. Some might argue that some stocks were getting a 'bit toppy' too so maybe some form of correction was due at some point. I'm not sure about that.

I hold six investment trusts in my SIPP, including SSON and they all took a severe bashing last week.

In just one week the average drop was 17%, which is quite a bit higher than the global markets dropped in the last week. Not sure I understand why ITs suffered worse (other than travel related stocks) compared to other stocks and indices..

Anyway, here's the drop I observed on the 6 trusts mentioned above, in the last 5 market days only -

18.95% ATT - Allianz Technology Trust
18.28% THRG - BlackRock Throgmorton Trust
18.85% MNL - Manchester & London Inv Trust
14.86% PCT - Polar Capital Trust
13.69% SMT - Scottish Mortgage Trust
17.39% SSON - Smithson Inv Trust

NB the average 5 day drop across these 6 IT's is: 17% - quite shocking really!
Smithson Investment share price data is direct from the London Stock Exchange

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