Wow, that's one hell of a large late reported trade.
30 Jan '13
Amazon 7% of holdings here. Good results from Amazon Xmas recently announced should do well for NAV.
26 Oct '12
In this respect, the company said that the NAV total return (capital and dividends) per share over a three-, five- and 10-year period was 41%, 17% and 217%, respectively. Meanwhile, the share price has improved by 47%, 20% and 255%, respectively. "These figures are ahead of those of the FTSE All-World Index which were 23%, 18% and 139%," the firm said. "The opening events of the financial crisis took place about five years ago and subsequently markets fell very sharply. The effect of this can be seen in the long term figures where the five year returns are lower than those on either side. This base effect means that the five year figures will be volatile over the coming year until they work through the calculation." The company retained its optimistic outlook, saying: "As ever, the fortunes and progress of individual companies determines long term performance and equity investment is not without risk and uncertainty. However, the opportunity set does not appear to be waning at all and is fertile ground for patient long term investors. "The US presidential election, Eurozone developments, global political factors and the unexpected will, as always, occupy headlines."
26 Oct '12
Scottish Mortgage Investment Trust, the FTSE 250-listed trust run by investment manager Baillie Gifford, saw net asset value (NAV) decline in the first half, though earnings were helped higher by dividend-paying companies on the portfolio. NAV per share dropped by 1.5% over the six months to September 30th, while its share price declined by 1.6%, more or less in line with the FTSE All-World Index which fell 1.5% in sterling terms. However, earnings per share totalled 12.53p during the half, up 16% from 10.83p the year before due to a "continuing healthy dividend stream from the portfolio". The board raised its interim dividend from 6.2p to 6.7p, "a rise that is well above inflation", the group assured. Nevertheless, despite NAV decreasing in the first half, the company claims that its performance over longer periods is "more relevant" given the approach adopted: "the portfolio is not managed in a way that tries to time markets but instead the focus is on careful and deliberate consideration of existing and potential investments in companies."
4 May '12
The financial year just ended was one of two halves for Scottish Mortgage Investment Trust, with the second being much more to management's liking. Over the year to March 31st net asset value (NAV) per share fell by 5.8% and the share price by 4.6%, both of which represented under-performance against the investment trust's benchmark, the FTSE All-World Index in sterling terms, which fell by 2.9%. It may be some consolation to Scottish Mortgage shareholders, however, that the 5.8% year-on-year decline hides a sharp recovery in the second half of the year; NAV per share was down by 20.5% in the first half of the year, while the share price was down 16.0%. All investment trusts prefer to point to long-term performance, however, and here the story has a happier ending, with NAV per share up 39% over five years, beating the 26% gain on the benchmark index over the same period. Net asset value per share at the end of March, after deducting borrowings at fair market value, fell to 768.7p from 816.5p a year earlier,
7 Oct '10
SMT Share Price
I have noticed that just after market close, the SMT share price spread widens compared with during normal trading times. Can anyone explain who does that and why?.
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