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Started: PensionDeficit, 3 Nov 2023 17:49
Last post: MaxJB, 7 Jun 2024 15:50
My best estimate is:
NAV = 163.75 p x 380 million shares = £622 million value for EWI
SpaceX is 9.1% of EWI so value EWI's stake is 9.1%*622 = £56 million
Valuation of SpaceX - recently value at $241.4 billion by SMT - does EWI use the same valuation? : [LINK REMOVED]
$241.4 billion = £190, 000 Million.
So % of SpaceX owned by EWI is 56/190 000 *100 = 0.3%.
No guarantee this is correct, but hopefully a reasonable estimate.
Thank you for the reply Littlened.
However, I was hoping to find out what % EWI owns of SpaceX?
I'm assuming its well under 1% but it would be really useful to know.
PD
Spacex was 9.1% of EWI at last report
Hi,
a recent article has suggested that a recent secondary share sale in the private market implied a nearly $150 billion valuation recently for SpaceX, while Ron Baron, an early investor in both Tesla and SpaceX, has suggested that SpaceX could be worth around $500 or $600bn by 2030. See link:
https://www.msn.com/en-us/money/companies/ron-baron-says-tesla-s-valuation-can-hit-4-trillion-but-spacex-has-a-chance-to-be-even-bigger/ar-AA1jcU91
Does anybody know what % EWI holds in SpaceX share capital?
thanks
PD
Started: Gloucester10, 16 Aug 2023 20:26
Last post: Gloucester10, 16 Aug 2023 20:28
The final frontier - James T Kirk
And...
According to @BryceSpaceTech, SpaceX lifted nearly 10 times as much mass to orbit in the second quarter of this year as its closest competitor, the nation of China.
Elon Musk tweet today -> Don’t wanna jinx it, but @SpaceX is tracking to lift 80% of all mass to orbit, China ~10% & rest of world ~10%.
Started: Gloucester10, 31 Jul 2023 23:02
Last post: Gloucester10, 31 Jul 2023 23:02
That discount is disappearing. Nice to see.
Started: Gloucester10, 26 Jul 2023 22:34
Last post: Gloucester10, 26 Jul 2023 22:34
Should be helping move the NAV and share price considering OCDO multibag performance of late (acknowledge it was massively down but that was yesterday's news :). Still at 20% discount to NAV.
Started: Gloucester10, 20 Jul 2023 15:03
Last post: arolivier, 21 Jul 2023 16:56
The stars are aligning, an IPO of one or more of the private companies would help, but things are starting to look more positive.
Just needs to clear 160 and it's off to the races. I guess this is less popular than SMT as it's the smaller companies it goes for. Still SpaceX is a core holding (7.8%) and that'll IPO at $150bn in a year or so:)
Last post: Deadly4U, 25 Jan 2023 09:24
Bought in today, most of the stocks in the trust are oversold, add in the discount to NAV and the great team at BG I think it's as good as many time to load up, macro be damned :)
Started: Ironic, 28 Jan 2019 09:43
Last post: musicman_999, 9 Mar 2022 10:03
Woodstock1970
good summary and recent events have made things worse... at least BRWM doing well and demand for minerals
I believe the market is deadly and lack of liquidiity and volume is fudge Fortune favours the brave or in my case the stupid. A perfect example of crazy is Zoo in the last week. If i had bought they would have collapsed further than 59p,. I didn't buy and now they are 90p. Thomas Cook has also done my sweed in. I avoid crypto currency but some of our stocks are appear just as volotile. Take care all.
Ironic. You blighter. Ha ha. Why can't we boring and just buy bonds. Going on market conditions. I am changing my name to Russian Roulette. I am still walking funny after taken it up your ronsom from Flybe. Anyhow just thought i would say hello chap.
The whole markets are performing badly . Flyb giving its assets away to settle debts and have a Bridging loan . YU lost 98% value over night and they are debt free and cash rich . MTMY agreeing a intrest payment rise on their $50 million bonds to keep going . The funds supporting all these losses are losing tens of millions over night . Not a good time to to be locked in to these losses . FRR de listed LION de listed can’t survive the markets shorting going it alone to try and survive . Here doing a share split as dilution is so silly .companys every where with Billions of shares . No5 a good time to be invested defnetly not a good time to be in a investment company .
It’s a share split not a crash. It’s actually performed quite well
Started: Archy147, 3 Feb 2022 22:32
Last post: Archy147, 3 Feb 2022 22:32
Boy this is a quiet board no post since last May lol
For anyone interested , EWI was one of the first purchases I made when setting up my SIPP back in Feb 2020. Covid struck, my pf got battered and, shell-shocked, I took the gamble I of selling all my funds/trusts and buying individual (covid-hit) shares instead
Now tempted to shift some of the stock profits back into here…after the roller coaster of the last 2 years , it would be sweet to get back in at price below they pre-covid price of 218p again!
Ps this is currently trading a a discount to NAV (6% at time of writing). This hasn’t happened since 2017.
Started: DorsetLSE, 5 May 2021 16:57
Last post: DorsetLSE, 5 May 2021 16:57
According to today's RNS BGCG plans to offer an extra 10% share capital at a small premium. Is this like a mini "Rights Issue" ? I can't understand why they don't just keep issuing shares like most ITs do. What's going on?
Started: Montecristo, 3 Apr 2021 18:01
Last post: JBongo, 20 Apr 2021 23:57
Think of investment trusts like a normal company. They have cash balances (or equivalents) for short / medium expenses. They take the fee from this (or as has been mentioned, by selling shares to raise money).
Thank you
Montechristo; the cash to pay the fees to the fund manager is "built up" in the usual way. The trust sells some of its' investments to cover them, unless it happens to have sufficient invested cash sitting in the bank.
Because EWI invests in a lot of plc's that don't pay dividends, it says in its' annual accounts that it will likely have to continue to sell small amounts of assets to pay the manager, because it's most unlikely to have the cash on hand from any income.
Thanks for you reply, but tell me how is the cash built up if the money is put into equity?
The fees are taken from our cash. Dividend or no dividend, the charges will always be deducted before any divi is paid.
Started: khunter, 8 Apr 2021 19:36
Last post: khunter, 8 Apr 2021 19:36
Unsure as to why we had quite weak day even with US Tech up?
Started: goldenshares, 24 Dec 2020 18:31
Last post: JepGambardella, 5 Mar 2021 09:22
JepG - why buy EWI when they are only at a 1% discount and SMT is at a 9% discount??
Can be a bit lumpy !
I’ve got both SMT and this bought EDW first but they are both now ore or less 22% up from nov / dec
Very happy with them.
Also bought the China growth in my pension and that’s up about 25% over same period although it has a bit of a premium to NAV that one
It's still performing better than SMT.
This has performed even better than the Scottish Mortgage Trust over the last four months. GLA
Guess the champagne corks are popping on this one, truly a hare amongst tortoises.
Started: Richard08, 21 Feb 2021 17:33
Last post: Richard08, 21 Feb 2021 17:33
Afternoon all, just looking at the most recent factsheet update from BG. Quantumscape seems to be missing from the Edinburgh trust. Have they sold it and I've missed that?
Thanks in advance.
Started: Buyonfear, 19 Aug 2020 18:00
Last post: gewillia, 27 Aug 2020 19:20
The so-called "buys" and "sells" are total BS, buyonfear. It's our old friend 'the algorithm', which assumes that if your trade price was closer to the bid, then it must have been a sell. And conversely, if struck closer to the offer it must have been a buy.
Whoever executed your buy, got you a sharp price. Well done.
You can see how nonsensical the algorithm is by looking late in the day at any share's right-hand column, headed # Trades, just beneath the 3-month graph. It purports to total the buys and value them. Ditto for the sells. Often these "totals" are completely at variance with the reality of where the stock ended the day.
There's a marvellous example today. William Hill (WMH) rose by 1%, or 1.7p. Yet this fatuous totals column claims that shares sold of £6 million were twice the size of the supposed buys at £3 million. In which case the price should have tumbled, but didn't. All this proves (maybe) is that buyers like us cut tighter deals than the sellers, who don't look for sharp prices. It might also be to do with the amount of stock on hand that the MM's are holding, that they're willing to sell cheaper than the offer, just to lighten their books.
Some of these 'sells' must be 'buys' as the 'sell' of 7253 shares today was mine & it was definitely a 'buy' !
Started: modsto123, 29 Apr 2020 13:22
Last post: modsto123, 6 May 2020 12:10
now trading above asset value but now at its highest price ever .brilliant!
Yes, good recovery from just prior CV. SMT has been as good too.
remarkable capital preservation here . amazing amounts of money lost in the market sectors like retail/banks/hospitality .thank god mr brodie's selection has been good (so far)
Started: amuhith, 28 Jan 2019 16:34
Last post: amuhith, 28 Jan 2019 16:34
If you had 100 shares before now you have 500. Price down today 80.01%. So, you are exactly in the same position as before.
Started: sexykiwi59, 28 Jan 2019 15:20
Last post: sexykiwi59, 28 Jan 2019 15:20
Can anyone tell me if investing in this is any different from other shares. When I looked at buying a warning I had not seen before appeared so did not buy. Anyone advise?
Edinburgh Worldwide Inv Trust (EWI) Director name: Mr David E Reid Amount purchased: 40,000 @ 282.00p Value: £112,800
Started: mulledwine, 12 Aug 2011 15:54
Last post: mulledwine, 12 Aug 2011 15:54
EDINBURGH WORLDWIDE INVESTMENT TRUST PLC Interim Management Statement - 3 months to 31 July 2011 Edinburgh Worldwide aims to achieve long term capital growth by investing in listed companies throughout the world. It tends to hold shares in around forty companies and income is not a consideration when selecting investments. Review of the period · Over the quarter, the Company's net asset value decreased by 2.4% compared to a decrease in the comparative index of 3.6% while the share price decreased by 5.1%. All figures are total return. · The interim dividend of 0.50p per share was paid on 21 July 2011 to shareholders on the register on 24 June 2011. · Changes to the Top 20 Equity Holdings in the period involved additions to Novozymes and First Solar. Additions to Hermes and Salesforce.com brought them into the Top 20. The investments in Petrobras and Banco Santander were sold. Other changes to the Top 20 were due to market movements. Outwith the Top 20, new investments were made in Illumina, MIPS Technologies, Belle International, 3SBio and Noah Holdings. The investments in VCA Antech, Nintendo and BYD were sold. · A further £4 million was drawn down on 21 June under the multi-currency loan facility.
Started: mulledwine, 12 Aug 2011 15:54
Last post: mulledwine, 12 Aug 2011 15:54
Started: mulledwine, 3 Jun 2011 17:29
Last post: mulledwine, 3 Jun 2011 17:29
Started: mulledwine, 3 Jun 2011 17:28
Last post: mulledwine, 3 Jun 2011 17:28
Edinburgh Worldwide outperforms market Date: Friday 03 Jun 2011 LONDON (ShareCast) - Edinburgh Worldwide, the Baillie Gifford-managed investment trust, outperformed its benchmark index in the first half of its financial year. In the six months to the end of April, the company's net asset value (NAV) per share rose by 10.7%, whereas over the same period the MSCI All Countries World Index increased by 8.3% in sterling terms. The trust had total assets of £194.4m (before deduction of loans of £25.1m ) as at 30 April 2011. During the reporting period the fund acquired five new holdings: C-Trip, a Chinese travel aggregator web site; iRobot, a Massachusetts Institute of Technology spin-off aimed at commercialising domestic robots; Salesforce.com, a cloud computer services company; Hengdeli, a Chinese watch seller, plus Autonomy, the UK data search specialist. Observers will note the emphasis on Chinese companies combined with a bias for hi-tech start-ups. This is backed up by the half-yearly management report, which states: “Western observers who view the seismic shifts through rose-tinted spectacles and yearn for a reversion to yesterday's status quo, we think are in real danger of becoming modern-day King Canutes attempting to turn back the tide of change," said the trust's investment manager. "We believe the next decade and beyond will continue to see radical shifts in global GDP [gross domestic product] and technological progress which will continue to create exciting global investment opportunities.” The interim dividend is unchanged at 0.50p. BS