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Scottish Mortgage heading for where

Closed-end funds and OEICs
ADrunkenMarcus
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Re: Scottish Mortgage heading for where

#363540

Postby ADrunkenMarcus » December 6th, 2020, 5:59 pm

SoBo65 wrote:
scrumpyjack wrote:Certainly wealthy. James Anderson revealed in an interview a while ago that he held over 1% of SMT personally. That alone is over £100 million
Well earned!


That is serious 'skin in the game' ......


And it makes one wonder why he doesn't retire.

He doesn't need the money, so presumably he enjoys his work - which is a good sign for his investors.

Best wishes

Mark.

UncleEbenezer
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Re: Scottish Mortgage heading for where

#363766

Postby UncleEbenezer » December 7th, 2020, 5:42 pm

ADrunkenMarcus wrote:And it makes one wonder why he doesn't retire.

He doesn't need the money, so presumably he enjoys his work - which is a good sign for his investors.

Best wishes

Mark.

Possible danger sign there. Will he retire while the going is good, or overreach like Woodford?

After all, his personal wealth is such that he's still got more than he'll ever need if SMT were to lose 90%. Whereas those of us whose stake is much smaller would suffer a lot more from such a disaster!

scrumpyjack
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Re: Scottish Mortgage heading for where

#363770

Postby scrumpyjack » December 7th, 2020, 5:55 pm

Nah! He looks much more trustworthy than Woodford - no shifty narrow eyes and shaven head, plus Baillie Gifford is not a one man band as Woodford was.

Golam
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Re: Scottish Mortgage heading for where

#363788

Postby Golam » December 7th, 2020, 7:20 pm

ADrunkenMarcus wrote:
SoBo65 wrote:
scrumpyjack wrote:Certainly wealthy. James Anderson revealed in an interview a while ago that he held over 1% of SMT personally. That alone is over £100 million
Well earned!


That is serious 'skin in the game' ......


And it makes one wonder why he doesn't retire.

He doesn't need the money, so presumably he enjoys his work - which is a good sign for his investors.

Best wishes

Mark.


He may well be of philanthropic nature.

SoBo65
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Re: Scottish Mortgage heading for where

#363797

Postby SoBo65 » December 7th, 2020, 8:15 pm

Golam wrote:
ADrunkenMarcus wrote:
SoBo65 wrote:
That is serious 'skin in the game' ......


And it makes one wonder why he doesn't retire.

He doesn't need the money, so presumably he enjoys his work - which is a good sign for his investors.

Best wishes

Mark.


He may well be of philanthropic nature.


I am sure I read somewhere he had bought a football club .....

On a serious note, I would be pretty confident there are strong governance rules in place at BG to prevent anything like we saw at Woodford.

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Re: Scottish Mortgage heading for where

#364186

Postby Hyndford » December 8th, 2020, 6:46 pm

Yes, he does have a philanthropic outlook and hasn't bought a club, but funded the SPFL Trust to benefit all of Scottish Football. It was this article that mentioned he holds around 1% of SMT...

https://www.thetimes.co.uk/article/jame ... -s2dv77w2m

scrumpyjack
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Re: Scottish Mortgage heading for where

#364199

Postby scrumpyjack » December 8th, 2020, 7:12 pm

That's about £163m now, plenty of scope for philanthropy though football would not be my highest priority.

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Re: Scottish Mortgage heading for where

#364534

Postby unperplex » December 9th, 2020, 6:11 pm

Another 52 week high today of 1133.What do people think of a dip in early 2021, as companies worldwide start to report formally on 2020 and the actual effects of COVID become apparent ? I would like to buy some more SMT but am somewhat reluctant to do so at such a high.
Or do lemons think it will just surge ahead in 2021 as it has in 2020 ?????

unperplex
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Re: Scottish Mortgage heading for where

#364536

Postby unperplex » December 9th, 2020, 6:16 pm

DOD101 May 12 2020 - “Price 715p - Wow !”.....

scrumpyjack
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Re: Scottish Mortgage heading for where

#364538

Postby scrumpyjack » December 9th, 2020, 6:20 pm

unperplex wrote:Another 52 week high today of 1133.What do people think of a dip in early 2021, as companies worldwide start to report formally on 2020 and the actual effects of COVID become apparent ? I would like to buy some more SMT but am somewhat reluctant to do so at such a high.
Or do lemons think it will just surge ahead in 2021 as it has in 2020 ?????


The judgement you have to make is whether the shares of the companies SMT has invested in will go up or down. The SMT share price will simply follow that. Personally I can't see anything at present to change the current path of those shares with the possible exception of Tesla. Whilst SMT has a large holding in Tesla, it isn't more than 10 or 12 percent of SMT.

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Re: Scottish Mortgage heading for where

#364540

Postby Bouleversee » December 9th, 2020, 6:24 pm

I was going to say the same. Tesla is bit risky but SMT have reduced their holding and so far I trust their judgement as to when and what to buy and sell rather more than I trust mine. Just pray for the good health of Anderson. There are bound to be down days from time to time. You could keep an eye out and top up when that happens which is likely to be only temporary.

scrumpyjack
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Re: Scottish Mortgage heading for where

#364935

Postby scrumpyjack » December 10th, 2020, 9:42 pm

I see Airbnb has been floated and promptly doubled, valuing it at 100 billion.
Of course SMT held it as one of their ‘risky’ unquoted investments

Not unquoted any more.

They do seem to have the Midas touch

Bouleversee
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Re: Scottish Mortgage heading for where

#364938

Postby Bouleversee » December 10th, 2020, 9:57 pm

There you are! Proves my point. I didn't know they held Airbnb which I wouldn't have bought myself. The concept doesn't appeal to me and I should have thought that now there seems to be some sort of tie=up between them and HMRC, those who have let without declaring will opt out or be found out.

Lootman
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Re: Scottish Mortgage heading for where

#364943

Postby Lootman » December 10th, 2020, 10:23 pm

Bouleversee wrote:I should have thought that now there seems to be some sort of tie=up between them and HMRC, those who have let without declaring will opt out or be found out.

From what I understand Airbnb co-operates with tax authorities to report rental income in much the same way as hotels do, so I am not aware there is a problem with that. In fact some cities go further and require Airbnb hosts to obtain accommodation licenses and limit the number of nights a year they can rent for, e.g. Barcelona. And San Francisco which is ironically the home of Airbnb.

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Re: Scottish Mortgage heading for where

#365008

Postby DavidM13 » December 11th, 2020, 9:11 am

scrumpyjack wrote:I see Airbnb has been floated and promptly doubled, valuing it at 100 billion.
Of course SMT held it as one of their ‘risky’ unquoted investments

Not unquoted any more.

They do seem to have the Midas touch


They certainly do! Although alas it was a very minimal holding it seems.

Dod101
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Re: Scottish Mortgage heading for where

#367008

Postby Dod101 » December 17th, 2020, 12:47 pm

The share price now seems to be testing £12. That is some going since my initial post on 12 May when it was £7.15.

Dod

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Re: Scottish Mortgage heading for where

#367015

Postby unperplex » December 17th, 2020, 1:06 pm

Quite so. Ever higher.
As mentioned above, I am wondering if there will be a price drop in Jan/Feb after final results of some companies perhaps show the actual effects of COVID, encouraging me to buy some more.
However SMT's larger holdings may even have profited from Covid (Amazon for one...).
What do you think ?

Dod101
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Re: Scottish Mortgage heading for where

#367070

Postby Dod101 » December 17th, 2020, 4:36 pm

unperplex wrote:Quite so. Ever higher.
As mentioned above, I am wondering if there will be a price drop in Jan/Feb after final results of some companies perhaps show the actual effects of COVID, encouraging me to buy some more.
However SMT's larger holdings may even have profited from Covid (Amazon for one...).
What do you think ?


I cannot know and I doubt that anyone else can help much either but judging by the record so far...........

In fact anyone placing a sell order at £12 might well have had success today. It had fallen back to around £11.86 last time I looked. Obviously this cannot go on, as I thought when I sold this year in January at £5.85 and then in June at £6.12 and then in July at £9.17. And it remains by some margin my biggest holding.

Dod

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Re: Scottish Mortgage heading for where

#367112

Postby scrumpyjack » December 17th, 2020, 6:59 pm

Not sure which is more annoying - selling something that then goes up or buying something that then goes down?

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Re: Scottish Mortgage heading for where

#367134

Postby bluedonkey » December 17th, 2020, 7:47 pm

scrumpyjack wrote:Not sure which is more annoying - selling something that then goes up or buying something that then goes down?

You've described my portfolio perfectly.


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