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Scottish Mortgage Investment Trust PLC (SMT/UK)

Currency in USD

SMT/UK Price Commentary

5% down in a week, so much for cloding the discount!!
Anyone else think possibly cup and handle chart forming on 12 month chart ?
Anyone for Tea
Yes please, I am in.
Feeling much more optimistic than 6 months ago - volumes are higher
Yes finally some upward movement but it should be over £9. Other investment trusts I old have done much better. GL.
What's everyones average buy-in price?
Moderna up 8% Tesla up 5. SMT up 0.09%
Im in this for the long haul and very excited by thie portfolio - otherwise why buy it?
Certainly a long haul to to get even close the the ATH
There she goes !!
Tech 100 at 15k. SMT still in 680’s. Shows their stocks are dated/wrong.
One of the biggest concerns with SMT is thier unlisted holdings, they valued, shall we say very conserativly! However holdings in Co. such as Space X, Bytedance and Northvolt all valued in thier billions, two in thier 100’s billions but until these list thier value is not being concidered much. So although the Tech 100 is climbing, SMT does not hold that many of those listed Co.’s That and the currant discount is the issues we face, not even mentioning the infighting going on. Time will tell, I’m sure they will be climbing to thier true value soon enough.
Disappointment with the recover. This should be £9 / £10 by now. Similar trusts are outperforming SMT.
Agreed. That's why I sold this morning.
Nav is still only about £8 somthing so no where near the £9-10 yet, however they are still being punished fir what ever reason. 20% below Nav at the moment. The Co. still look to have a lot of infighting going on so who will have confidance yet?
A healthy recovery today to 697 but sadly it's only back to May 22 level.
wasn’t it around May/June last year it had its bit of a rally? hit highs of 980 intraday if I remeber on that one
Starting to creep up at last but not recovering as quickly as other similar trusts I'm invested in.
Perhaps the bottom is in and we rise from here. I was getting fed up with new lows.
I think it's possible to still see new lows in H2, but hopefully not below 500p. I must say the descent from 700p to almost 600p (605p touched) was brutally rapid.
why is this happening?
I can’t belive the discount to NAV on these now. The managment team really need to sort thier act out to keep justifing their costs!
They stayed in ‘covid’ stocks too long. Obvious error.
I expect tech to rebound in 2023. We’ll see this over 900.
When this moves it really moves John so I wouldn't be surprised by a 30-40% increase. Hopefully we've seen the low water mark this week.
Got out 677 today, going to re-position after the oil price spike/inflation etc.
Just bought in at 641. Great price!
Quite a bargain since assets are worth £8 (valued only days ago).
Not touching this until 500 at least
650 to 500 is another 23% fall - if ur that pesimistic about the market, sell everything you own.
Do you price in world war?!
You might never touch it then. no guarantee that will touch 500 p. It's good to aim for the local bottom, but if this is your ultimate goal, chances are you will miss it, and wake up way too late...
Where are we heading ?
700 in no time. One one interest rate hike left, and they possibly will not even hike at all. Tech is ready for a bull run.
that's possible but the market usually bottoms a few weeks AFTER the Fed cuts rate. Tomorrow the conference calls might give some better insights into what is going on and expected to go on internally to the investment trust. I don't expect a strong rebound until Q4. The share price might be range bound for a little while. Hopefully they will carry out a share buyback to reduce the huge discount to NAV.
Moderna isn’t doing SMT any favours.
The chairman has stepped down but I doubt this has been the reason for the recent slump. Hoping for a rally as techs come back into fashion.
This investment trust's share price is heavily discounted compared to its NAV. Once that political drama is out of way, I think the share price should recover once the FED pivots.
Hoping so Jeremy. I keep thinking a new 52 week low had been reached only for it to happen again and again.
This is only 35% tech
Nasdaq falls SMT falls. Nasdaq rises SMT falls.
Does make you wonder, is there somthing we dont know about this fund behind the scenes ?
I wondered too Bry though the managers know their onions. I'm hoping it's a little out of fashion and feeling sorry for itself and it'll revive soon.
It is linked to the FTSE 100 so it's in between a rock and a hard place.
This could gap down if US don’t cool down on Taiwan. Tech hates trouble, risky asset class.
What the heck is going on with these, they move with the FTSE 250 and Nasdaq yet they are still nearly a 15% discouncount !!
There's been some slightly negative press about this trust recently. Basically too much exposure to Chinese companies so hopefully as China opens up again this will pick up.
Tesla up 55% lately, SMT price has barely moved.
Tesla and Moderna are the 2 big detractors for SMT. Hopefully the managers have already trimmed the holdings for these. Amazon, ASML, Tencent, Kering and Illumini are strong for recovery though (imo).
Al - I hope they learn to spread over more companies in the future. Having said that all these stocks will probably rebound well in 2023. They're well managed.
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