Bowman
29 Jun 2018
Results of AGM SMT have issued a RNS for the results of the AGM held yesterday. Link to RNS Number : 0577T
missmolly
12 May 2018
Re: £5 a share Well looking at the one year chart, it's due to come down a bit soon, but then to hopefully resume it's long term ride north, I'm only just in and will give it at least a year to see how things are...mm
II Editor
11 May 2018
NEW ARTICLE: Seven super trends changing the world: Here's how to profit "Identifying tomorrow's winning investments is ultimately what all fund managers are paid to do for a living. However, the statistics show that many active fund managers fail to add value over the long term, when measured against a ..."[link]
Charityman
10 May 2018
Re: £5 a share On the occasions when I have "taken profits" I have usually regretted it as the stock continues to climb.A better strategy is to put in a limit sell, regularly revised, at a price of (say) 5% below the current price to lock in profits while allowing for market dips whilst protecting against a slump.
holland44
10 May 2018
Re: £5 a share Ben Alligin: but if you "take profits", you will only have to redeploy the money somewhere else (I am assuming you're a long-term growth investor and aren't taking money out of your SIPP or ISAs). Will the new investment perform any better than SMT, or offer you other factors like improved income or a reduced risk profile? If you can't find a rationale for where else to invest your profits, there is an alternative phrase that springs to mind: "run your winners".SMT has given you roughly 24% p.a. over 1, 3 and 5 years: that is pretty consistent and worth sticking with in my view.
Ben Alligin
10 May 2018
Re: £5 a share I took some profits in 2010 after a strong performance. Then, SMT was probably my 8th largest investment. It is now my largest even though I've not bought any more shares and have made many other investments. Perhaps it's now time to think about taking more profits?
percentagegain
10 May 2018
Re: £5 a share In totes agreement. First purchased in 2006 and have added to frequently since. It is still one of my five largest holdings after selling down 20% of my stake a year ago to redeploy in 'safer' investments. The BG team have done an astonishing job. Long may they continue to do so.
Charityman
10 May 2018
Re: £5 a share First bought in in 2011 at the equivalent of 150p after the split and have added since.The 2011 purchase is now showing a 237% gain.One of my best performers for capital growth.
bobsmydog
09 May 2018
Re: £5 a share This has been my saviour over the years making up (and the rest) for my poorer investment decisions. I first bought in at £3.92 in 2005. Yes, well done and thank you, to the team at SM.
Windsor Buffet
09 May 2018
£5 a share Well done to James Anderson and Tom Slater and the rest of the BG team on this milestone. For long time holders like myself this works out at £25 a share taking account of the 5 for 1 split a few years ago. Shows you that a combination of analysis, commitment to a strategy, and downright curiosity about how the world is evolving is still a powerful force in investment. As I bought in almost 20 years ago (the first IT I ever bought) at just over £2.50 a share that makes it my first IT 10 bagger (taking dividends into account).
trader jack
06 May 2018
Sunday Telegraph Questor: Britain may have no Googles but this UK stock lets you buy into the global tech story Amazon is Scottish Mortgage’s largest holding, accounting for 7.7pc of assets Credit: Richard Drew/AP• James Ashton 6 May 2018 • 8:12am It is often lamented that the FTSE 100 has no Facebook or Google. Britain has not so far created one of the vast platform companies that dominate our digital lives. That is bad news for skills and investment, but also for UK tracker funds.They would have fared better if they followed the S&P 500 index of leading US shares, which has soared by two thirds in value in the past five years thanks to its heavy technology component. The FTSE 100 has risen by 13pc by comparison.But there is nothing to stop British investors buying into the best of global technology. They might even do it through Scottish Mortgage investment trust, which has quietly been climbing the ranks of the FTSE 100 itself.A market value of £6.6bn puts the dour-sounding company in the same league as the blue-chip club’s biggest tech names – Just Eat, Sage and Rightmove. In fact, its assets have limited links to Scotland – although it is run by the Edinburgh-based fund manager Baillie Gifford – and even less to do with mortgages.The portfolio has 47pc of its assets in North America and the total return from investing in its shares over the five years to September was 223pc, compared with 102pc for the FTSE All-World index.Scottish Mortgage invests for the long term, steered by manager James Anderson, who has been at the helm for 18 years and takes positions with a minimum five-year view.It is at pains to say it is not just a so-called “Fang” investor – although Facebook, Amazon, Netflix and Google’s parent company Alphabet all feature in its top 15 holdings.What has been key to its recent success is the scaling up of the proportion of unlisted stocks in its portfolio, reflecting the trend for fast-growing firms to stay private for longer.The trust took the bold move in 2012 of investing $50m (£37m) in unlisted convertible preference shares in Alibaba, the Chinese e-commerce firm that at the time was struggling to attract backers. The holding became ordinary shares at the time of the 2014 flotation and Scottish Mortgage’s stake was valued at £409m at the last count.This success goes some way to explaining why the board was given investor approval in 2016 to put up to 25pc of total assets into unquoted holdings. It participated in a pre-listing, private funding round of Spotify, the music streaming service.Another investment to flag is Grail, a cancer detection start-up spun out of genomics firm Illumina, which Scottish Mortgage backed in its defeat of Roche’s hostile bid several years ago.Company watchers at Jefferies say the value of these relationships should not be underestimated, with 50pc of unquoted ideas generated from current holdings.Scottish Mortgage shares typically trade close to net asset value, which increased by 17.5pc in the first half of the financial year to 420p. Annual results are due this month. One outstanding question is whether concerns over privacy will curb the runaway success of some of the large tech stocks that the trust holds.Facebook was hard hit in March by news of the Cambridge Analytica data leak. Even though the threat of regulation and compensation hangs over the social media giant, its shares have regained most of their value.And Amazon – Scottish Mortgage’s largest holding, accounting for 7.7pc of assets – touched fresh highs recently after strong trading that demonstrated its advance on several fronts, including cloud computing.What with two more Chinese stars, Tencent and Baidu, in his portfolio, Anderson and his partner Tom Slater would appear to have all bases covered. At an investor forum in January they stressed that it was not time to sell some of their largest holdings even though shares in those stocks had rocketed.There are some risks. Spreading inves
PIE-EATER
03 May 2018
Re: Big question mark here .... Tesla Walter Price of Allianz Tech 11.4.18 (from their trust website)Our position in electric vehicle maker, Tesla, was a top detractor during the period. Tesla shares traded lower after its debt was downgraded by Moody’s in part due to liquidity concerns surrounding the company’s ability to raise additional capital. However, Tesla has many sources of cash including unsecured credit lines, securitisation of leases, favourable payment terms, product deposits, stock issuance, and strategic third party investments.Ok, don't hold as much as SMT cos smaller trust and lower %, but they DO hold it.Don't believe any Tesla in Polar TrustPE
susanne9
02 May 2018
Tesla I agree with you there WD - SMT is one of my best performing shares and I think if there were serious worries over Tesla or any USA Techs then the fund managers would be on the ball.
Windlesham Don
02 May 2018
Re: Big question mark here .... Tesla Not quite sure of the logic of the arguments, guys. So Tesla goes bust tomorrow and SMT's NAV drops by 5%. If the SP drops in line then it will be back to where it was a couple of weeks ago...If anyone has a general concern about tech stocks going forward then diversify, but not because of a single holding.SMT has more than doubled for me in the last four years and I picked up some more a few months ago when they briefly dropped to below NAV - that particular buy is up over 20%.Needless to say I am happy to hold for the long term.Regards,
sage in the hills
02 May 2018
Re: Big question mark here .... Tesla dazurtrader .....i have also diversified some into Allianz Technology, and Polar capital Technology ...... in order to reduce the SMT exposure to TeslaSAGE
