Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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To my mind, there’s a degree of correlation between the tech & healthcare sectors.
So I don’t see Moderna’s fortunes being dependent on any sector rotation from technology.
Dear Mr Fresh
If there is another sector rotation this year out of technology and into healthcare then Moderna should do well. It's price is attractively positioned.
Today:
Moderna’s shares surged 15.5 per cent after investment bank Oppenheimer upgraded its stock in anticipation of new product launches in the next 12 to 18 months.
MrAmericano - yes, a good Christmas thanks. I hope everyone here enjoyed their festivities.
Only time will tell whether now’s a good time to add / buy back into SMT. I’ve done some averaging down here over the years. I think if you follow a fund closely, it is possible to sense when it might be slightly overbought/sold. You’re very unlikely to get the timing spot on. But - with a fair wind - there can still be a big enough window to make something out of it. That’s been my experience with SMT anyway.
So I’d never say SMT is a tuck-away-&-forget-for-years type of investment. But I do think any core holding is best viewed as a reasonably long term commitment.
Happy New Year everyone!
Hello Mr LLL
I hope you had a Happy Christmas..
It's funny isn't it? Part of my reason for selling early was the high conviction stake in Moderna, something I raised as a question at the investors Q&As a few months back. I certainly admit that I have probably missed the proverbial boat on this one now, and I am actually going to take your sound advice LLL. I am still a novice investor, learning all the time. Misty's tail is still wagging, and she's happy with my decision(s).
Thank you for the friendly correspondence and good luck to you all in 2024.
MrAmericano - I think Misty would tell you it’s only de-risking if you don’t buy back in at a higher price than the one you exited at a few months earlier.
Whilst your S&P 500 fund may have made up some/all of the money lost by exiting SMT when you did, if you buy back in now you’re taking on the previous risk all over again. And potentially from a higher base cost.
Best of luck anyhow. But my advice would be to reinvest in SMT only if you intend sticking with the majority of your holding there for some time (i.e. several years rather than months).
Mr Stock SR
Not really, ...the proceeds went into my S&p 500 fund in November which saw some nice gains..let's call it de-risking.
Good day Mr Americano, you will have sold at a low, and buying at a high, happy new year..
Relative position of holdings may reflect that particular share’s current price weakness/strength. Rather than SMT having added or reduced their stake in it.
Anyone know which is chiefly responsible for MRNA’s fall in the rankings?
Wishing all SMT’s long term holders a happy & healthy 2024, whatever the markets may throw at us!
Good day good day good day
Moderna knocked down the portfolio to 7th place
That is good.
I am going to watch the SMT Share Price through January and start another small position albeit not 30 percent as previous, more like 5-10%.
I am glad that the portfolio weights have been rebalanced.
I have not looked at SMT since I sold out prematurely a few weeks ago.
Typical novice-inpatient investor here!!
Have a great New Year and a successful one at that.
Yes Tambo, looking at 3 year chart, it's a hold or sell 10% to mobilise some cash, we should have bought at £6 back then, but it's an act of faith to buy low!
New yearly high again today
Tambo210 - agreed.
Oh, and as I’ve been VERY good all year, could you please send me one of those crystal balls you mention for Christmas?!
LLL - For sure..But I'm sure BG would have waited for the lower prices to buyback if they put new batteries in their crystal ball.
ANyway, positive and certainly going into 2024, this is definitely a one to hold given the chatter of cutting FED funds rate.
Tambo210 - over the years there have been fairly regular buy backs.
Some at prices much higher than today's. Others, over the past year, when the price was at the low £6 to low £7 mark.
VEry true about the discount to NAV. I see they also bought back stock. I wonder if the managers are kicking themselves for not buying more at 700p.
It was exactly 800 when I looked during the morning but it soon fell back a bit.
SMT made a new yearly high today, the NAV is rising, the discount is narrowing, the price has broken out above a rising 50 day and 200 day moving average.
Didn't notice it went above 800p this morning....my breakeven price...
Keep the faith Reptilian, it'll get there. Just time and a bit of patience required. I'm kinda bad at sitting on my hands with investments, but plan to hold for this one till it sorts itself out. I have faith that its still a bargain for the component parts. People into far sillier thing for lots of money. You could do a lot worse than SMT.
Hold in there Reptilian! It is 100% of my share portfolio now haha
I'm holding my breath, but look at 2 year chart, 6 m chart is more flattering, however does seem to be a rising high pattern, quite a way to go before we reach the sunny uplands of £14
£9.25 average here, still 31% of my portfolio too
Worst investment ive made :(
Crazy to think after having invested in this over 6 years and being up double at one point and then down by a third or so I am now sitting at almost my cost average price! Ups and downs. Never sold any but bow difficult to know whether huge leaps are ahead or will it drop again?
Come on 800!