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
  -12.00 -1.02% 1,164.00 191,227 13:13:24
Bid Price Offer Price High Price Low Price Open Price
1,163.00 1,165.00 1,198.00 1,164.00 1,198.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 21.64 -5.85 -5.27 2,061
Last Trade Time Trade Type Trade Size Trade Price Currency
13:11:25 O 2,050 1,163.801 GBX

Smithson Investment (SSON) Latest News (1)

More Smithson Investment News
Smithson Investment Investors    Smithson Investment Takeover Rumours

Smithson Investment (SSON) Discussions and Chat

Smithson Investment Forums and Chat

Date Time Title Posts
17/6/202219:29Smithson Investment Trust350

Add a New Thread

Smithson Investment (SSON) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Smithson Investment trades in real-time

Smithson Investment (SSON) Top Chat Posts

Smithson Investment Daily Update: Smithson Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SSON. The last closing price for Smithson Investment was 1,176p.
Smithson Investment Trust Plc has a 4 week average price of 1,131p and a 12 week average price of 1,131p.
The 1 year high share price is 2,040p while the 1 year low share price is currently 1,131p.
There are currently 177,097,958 shares in issue and the average daily traded volume is 351,031 shares. The market capitalisation of Smithson Investment Trust Plc is £2,080,901,006.50.
spectoacc: But is it big enough.. Ongoing charge 1%. No divi. Up 10% over 3 years. Major holdings (HL) - Sabre Corp, RMV, Temenos, Recordati, Fortinet, FEVR, Verisk, Ansys, Cognex, Tech One. Can't say it's jumping at me, tho 10% the highest discount it's had. The FCA enquiry still out there too. "he Investment Manager focuses on investing in those companies it believes can compound in value over many years. It seeks to achieve this by selecting companies that have an established track record of success, such as having already established a dominant market share in their niche product or service or having brands or patents which others would find difficult, if not impossible, to replicate. " Not sure the performance shows they're finding them. Edit - perhaps unfair, the performance may reflect overpaying. Isn't necessarily anything wrong with the picks ex the price they paid for them.
spectoacc: Just catching up, the s.166 is very odd indeed - FCA hardly known for being proactive. "Section 166 reviews are requested by the FCA in order to provide 'an independent view of aspects of a firm's activities that cause us concern or if we need further analysis'...". I see SSON's top UK holding is RMV - down 5% today on CEO leaving. Have to wonder how T Smith can be so brilliant (at least until recently) with Fundsmith, and so relatively naff with everything else - FEET, SSON. Why doesn't it translate? Why has he grown a beard?
hectorscrackhouse: According to the 2021 Annual Letter the average FCF Yield at the end of 2021 was 2.0%, so who knows what the bottom is for this collection of companies. It is already down about 35% from the beginning of the year, implying perhaps a FCF yield of circa 2.7% now, all things being equal. Perhaps anything over 3% might be worth a dabble, so around the £12 mark?? ""The second part of the strategy, of not overpaying for these great companies, can be assessed by looking at the average free cash flow yield (the free cash flow divided by the market capitalisation) of the portfolio. At the end of 2021 this was 2.0%, down from 2.9% a year earlier, and compares to the Index at 2.5%. The decline was a combination of share price appreciation and portfolio changes but also note that the figure is based on the last reported full financial year results for the companies, many of which might be representing the more difficult 2020 rather than 2021."" Of course, if it represented the 2020 year then the companies may have grown by 20% since so now the figure may be 2.7 x 1.2 = 3.24% so it may theoretically have crossed the 3% figure already.
wydffa: Daily Mail reports FCA requires section 166 review of Fundsmith, if true likely will affect sentiment for SSON
frederickbloggs: Good luck. Held SSON from day 1 and despite excellent early performance, lately it's been awful. Here's hoping to see a share price climb back towards £20 soon.
steve3sandal: Just popping in to say I'm now a SSON shareholder. If nothing else I will learn something. A discount and nearly 30% share price fall might be an opportunity. The Macro is very poor but their stock process is one which should benefit if we ever get good news again. I'm probably early, I'm always early.
sphere25: No problem BELtd. A decent article here: Fund managers are divided on whether the US Federal Reserve can implement its biggest tightening cycle in decades without tipping the economy into recession. The central bank lifted interest rates by 25bps last night, its first raise since 2018, and set the course for six more hikes this year as it looks to rein in inflation running at a 40-year high. Chair Jerome Powell (pictured) said the Federal Open Market Committee was ‘acutely aware of the need to return the economy to price stability’ and pointed to ‘extreme’; tightness in the labour market. He was keen to play down recession fears, insisting ‘the American economy is very strong and well positioned to handle tighter monetary policy’. Others are not so sure the Fed can carry off the fine balancing act of tackling inflation, which has been exacerbated by the war in Ukraine, without stymying growth. ‘It won’t be easy. Rarely has the Fed safely landed the US economy from such inflation heights without triggering an economic crash,’ said Principal Global Investors chief strategist Seema Shah. ‘Furthermore, the conflict of course has the potential to disrupt the Fed’s path. But for now, the Fed’s priority has to be price stability.’ Last night’s increase, taking the target range to 0.25-0.5%, was widely flagged, but the Fed could yet throw out some surprises down the line. The committee members voted 8-1 in favour of a quarter-point raise, with St Louis Fed president James Bullard the outlier calling for 50bps. But the dot plot, which signals the future direction of rates, revealed that four committee members estimate more than seven increases will be needed this year, suggesting at least one 50bps hike could be on the cards. ‘The risks of a central bank-induced recession and policy error are high and rising,’ said M&G fund manager Ben Lord. ‘But given how high inflation is, how elevated expectations are, and how behind the curve central banks are, we all need to prepare ourselves for a series of hikes in the coming months and perhaps years, depending on what happens to aggregate demand. And we also need to prepare for the risks that such monetary policy action could have on consumption, the economy and portfolios.’ Economic growth expectations are already being scaled back as higher oil prices, the war in Ukraine and renewed lockdowns in China weigh on global consumption. The Fed downgraded its US GDP outlook for 2022 from 4% to 2.8% in its Summary of Economic Projections released yesterday. Goldman Sachs last week cut its prediction for US growth from 2% to 1.75% as the bank put the odds of a recession this year at 20-35%, in line with what the market is pricing in. Despite the doom and gloom, the odds point to a slowdown rather than recession currently. Six further 25bps hikes by the Fed would only take rates back to pre-pandemic levels, putting them into or just above ‘neutral’; levels, but with household balance sheets much stronger after the savings accrued during working from home. ‘For now, the outlook for the US economy is one of resilience rather than recession, and [it] is capable of absorbing the higher interest rates,’ said Kerry Craig, global market strategist at JP Morgan Asset Management. The caveat to this is that the Fed needs to be patient in bringing down inflation, said Blerina Uruci, US economist at T Rowe Price. Her base case is that the economy has an ‘orderly exit from the current accommodative policy stance, avoiding a recession’. To achieve that, she expects the Fed to tolerate personal consumption expenditure inflation, its preferred measure, remaining above its 2% target until the end of 2023. The two risks to a soft landing Uruci foresees are the Fed overcompensating for its inaction by raising rates too quickly or the strength of the labour market, consumer demand and supply shocks pushing inflation higher. ‘Recent consumer survey data indicate that while long-run inflation expectations remain well anchored, short-term expectations have moved significantly higher,’ she said. ‘Without strong Fed policy tightening, longer-term inflation expectations could also increase, resulting in higher inflation becoming entrenched in the economy.’
sphere25: This is a unique snippet from the report: "Imagine a dog walker crossing a field, their dog wildly zigzagging around them. We would relate the companies we own to the walker, clear in direction and making steady progress across the field, while the daily market price is like the dog, moving back and forth quite randomly. Now, the current economic storm may well send the dog cowering for cover, but given enough time, we know that the price and value will eventually meet again, just as the dog and walker will ultimately leave the field together. We also know that, as well as making constant progress, a high quality company, if it trips during the storm, will rise again and keep going. Low quality, value companies on the other hand, may never get back up." Certainly one way to put it!
bezer: 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!
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
ADVFN Advertorial
Your Recent History
Smithson I..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220705 12:29:03