Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I'm no expert, but I assume there are people making some decent money on the constant up and down swings with this trust..?
Could that be a factor it not being able to maintain much upward momentom..?
I don't know.. Just putting it out there..?
Down again on the back of a great day in US yesterday (post FTSE trading)
One can only guess as to the carnage here if NYSE ever falters and that’s more than a remote risk.
CaptainPicard - agreed.
However, I’d like SMT to publish monthly share VOLUME updates on all its holdings, which I think are only divulged periodically at the moment.
The problem with relying on percentages alone is that they often fluctuate wildly with shares like Nvidia. Simplistically, if a company SMT originally held 2% in rapidly triples in value, all other things being equal it would subsequently show as 6% of the fund’s total holdings.
This might lead you to conclude SMT had been extra canny, adding further volume to its winners. Whereas in reality, whilst the initial selection WAS canny, the fund hasn’t actually increased the share volume in that particular holding at all.
Not sure if I’ve expressed that very clearly (it’s late), but hopefully you get the gist!
SMT holds 6.5% of its portfolio in Nvidia and has experienced huge NAV gain... the fact SMT picked Nvidia years ago really gives more a strong confidence in SMTs picks
I bought some Nvidia and SMCI shares last week. Doing well. Weird how SMT holds a huge number of these shares and it has not been rewarded with confidence in its ability to constantly pick winners... conundrum as you say! Need to close this yawning discount at some point
Sentiment, sentiment..
The penny will drop, but primacy trumps recency (look it up if needed).
Nothing bad about SMT but the water needs to fill SMTs optimistic basin in order to outweigh it's pessimistic one.
The world is really very full of impressionable people I'm afraid...
Sorry typo
Do ITs get bought out? A nice US listing as part of a bugger fund would be tasty.
SMT continually missing out on the big rises in its holdings.. 🙄
Seems like there needs to be a massive change in sentiment for it break out and have some decent movement..
Absolute nonsense. Major holdings UP. ATT and PCT UP.
SMT ?? DOWN of course - has many naysayers and algos to boot.
Maybe Nasdaq and NYSE is going to free fall between now and close of play - I doubt it somehow .
I dont get SMT -the major holdings- well the public ones- have had a decent day yet the SP goes down.
That I would trust DorsetLSE. It's good to have an impartial ear to the ground to relate to.
Given that I rarely sell and only have 5 holdings (4 of which are ITs) in total which I am treating as a long term investment which I will ultimately draw down if needed to complement my pension, I'm not sure that would work for me but can see how it would be a useful subscription for a more dynamic investor.
I have a subscription to the FT premium online which is very good but expensive at over £560/year (including a 20% reduction for payment up front) you don't get the usual news stuff in there unless business related but it does give you a good background to what's going on in the world with good analysis from experts. After reading this for a while it makes other papers look simplistic.
I'm interested in other perspectives of the investment media? Does anyone find any of it useful or informative? Does any media outlook have a history of providing insightful info?
I guess we aren't talking Motley Fool here...
I take interest in world politics, news and economics but have been constantly dismayed by the advice of most of the financial media (beyond generally truthful news such as the FT). It's never done my investment strategy too much harm to go my own way and stay, but then I'm not often a buy/sell/buy type of person and I have always regretted it when I have done so. I put that game to bed a long time ago beyond shifting my perspectives slightly based upon my own s
observations.
Am I alone? I would be interested in perspectives.
Apologies for dual posting down to editing small mistakes. The latest post is correct.
Sfh300 I say that with thanks for providing the link. On a positive basis I believe it at least points to the fact that these investments have better days in them just in the same way as they have just experienced bad. I always adhere to my mantra however of buying well and holding. Despite seeing myself lose around £80k down to SMT plunging since Nov 21 alone, I have never regretted holding it throughout and see no reason to discontinue this stance (especially now).
Sfh300 I say that with thanks for providing the link. On a positive basis I believe it at least points to the fact that these investments have better days in them just in the same way as they have just experienced bad. I always adhere to my mantra however of buying well and holding. Despite seeing myself lose around £70k down to SMT plunging since Nov 21 alone, I have never regretted holding it throughout and see no reason to continue this stance (especially now).
i think what they mean is "is it time to create cash for the financial services involved in drumming up fees from sell and buy deals".
given the piece (as usual) has basically no conclusion to the question proposed yet acknowledges the fact that the "dog" investments might have done very well indeed before certain economic spectres hit the scene (the reasons for which are obvious to anyone holding a chunk of cash in any of it), i'm pretty sure we are all none the wiser by the piece.
my point is not to be contentious just for all to simply gravitate down to the fact that many such pieces are written purely to generate investment activity (which is highly profitable.
doghouse my **** and i'm holding every cent invested across all my "doghouse" investments.
me? cynical???
noooooo... 😉
Money week: "In the doghouse: hundreds of investment funds are underperforming - is it time to sell?"
https://stocks.apple.com/ArsnZ5dCIT4eqROJP2XGyuQ
Sp, broke above the three price highs , since December 2023. Also sector chart is moving up. Price target is 816, which is volatility based, top bollinger band position, which normally encompasses 97% of price. A fast movement is not expected because the top and lower bollinger bands are moving in the same direction, indicating moderate volatility. The average true range indicator value, or a multiplier of the value, set below the previous low of 799, might be useful as a stop order. DYOR.
Thanks StrictlyZinc. I do think £30 by the end of the decade is excessive, but as you say I certainly won't bet against it for no good reason.
Its not all positivity from me however, but for global reasons rather than as goes an individual IT such as SMT.
I truly believe that the world now has far too many people on it and is facing a slow catastrophic window toward ultimate human extinction. That's a big assumption but the evidence has been mounting for this over decades and the facts are now all plain to see. There will be more and more world economic draining wars and natural catastrophes, and there may be also a greater repetition of world inflationary events such as the mother of a one that we have just been through...
On that basis does that mean that tech (including those ITs that even loosely gravitate around tech) necessarily has/have to be come unprofitable? Tech for me is all about evolution towards current need, and that's simply why tech wil always be profitable long term (volatility excepting) as mans strongest desire is to survive and prosper.. it's a repetitive matra from me that one, but one I am not sure people always fully appreciate.
SMT was highly overpriced at the time it started downhill amongst all similar in Nov 21 and I'll personally be ecstatic to even see £20 by the end of the decade.
Buy on basic facts, don't get swayed by media without obvious cause or conviction, don't follow the herd when things tip on negativity, be convinced, never sell.
Amen.
Well said! Who would bet against £30 by the end of the decade? I wouldn’t!!
there is absolutely no reason for negativity as concerns smt. the fact that there is (as in it's a slow rise comparative to the likes of att) shows clearly to me that it's purely a case of smt being the presiding media negativity target. it all started rolling downhill on the announcement that anderson was going and presumption he was leaving a sinking ship. distrust in slater (even evidenced by people on this forum) and the bhide bust-up *******s also set people's minds generally against the trust. the nail in the popularity coffin then was of course the rise in unlisted acquisitions, the apparent drop in sp and sentiment down to that being the ridiculous assumption that all 30% of investment was doomed to total loss..
i've always expounded the underestimated negativity of media influence on here (on occasion being told it is only of minimal consequence), yet my knowledge of human psychology says otherwise.
the 30% unlisted aside (and only because of the irrational fear this engenders in punters despite them all being potential biggies of the future with fabulous financial parachutes) may well be a consideration for smt to taper down as it bars the purchase popularity.. i do however see smt as a great investment even at its current price (steadily up in a non volatile fashion over the last many months). my prediction is that there will become a point at which the upward curve outdoes that of att (for example). for me that is simple logic, which is what we all need to focus on and not human emotion. nice also to see some positivity on these pages (at long last) from many who have despaired in the past.
another point struck me the other day.. less than a year ago there were stories circulating in the financial media that the nasdaq was broken and would never attain or exceed 13,000 (ie tech is dead).. i also accept arguments that "smt doesn't strictly follow the nasdaq", but i've been looking at it every day for the past 2 decades and it does actually relate at least in comparative terms extremely well (just saying)..
all i'm saying really is that we should banish any speculation or thoughts of the media who fund themselves via their sown speculation, largely ignore the accompanying reactions of the herd and just look at the basics facts and likelihoods. it's taken me a great many years to understand this is what it all comes down to and i've been correct so far. it's not all of it, but it is most.
Yes Tambo, will give this some thought, need a 3 year plan...