Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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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!
Apologies - 771p back in profit- £441 up. I might have 2 pints tomorrow night!
776p, back in profit.
I might have a pint tomorrow night...
Yes Tambo I am also just on the cusp of break even at £8. I said before I would sell up at this point and say goodbye to this and share investing as it is my last share investment left. I will certainly sell half and perhaps take a punt on the other half now there is looking to be a potential upside....
I just see it as a natural occurrence. Inflation taming. Profitability window closer. Both short and long term speculators seeing a return to favourable conditions. A sustained cessation of volatility. Sentiment returning to that of a profitable window. This was always by far most likely to happen as every strain of world economy and every government wants a low inflation society. Add that to the fact that man will never stop wanting (and paying well for) new ideas and solutions.
Of course we could go back with a new world issue or catastrophe (economic or political, and we live in a crowded world now where the odds of this are increasing all the time), but we will in time again move forward.
Simplistic, but as ever this stuck record stands by it.
Might actually breakeven soon (£8)
So, with the dovish FED stance and the market pricing in rate cuts in mid-late 2024, it's risk on and we've got our mini rally. I do wonder however, if reality come crashing in come Jan / Feb and everything has a rough few months. In any case, the over trajectory is like up for 2024. Glad I piled into SMT over the past year. My holding is only 5k but I'm fine with that.
Could just be the santa rally, but definitely a more concerted uptrend for SMT of late.
Good afternoon all
I was just reading some random article regarding Space X and it's valuation, which is apparently $195 Billion Dollars or $95 a share.
Worth noting SMT is back on the no. 1 spot in Interactive Investors' most bought trusts. I think positive sentiment is building again.
@Ubik_Fresh...The whole Montana thing reeks of protectionism. What happened to the land of the free and the brave?
Nimrod - how you judge SMT's performance largely depends on how long you've held it. 10 years and you're laughing. 3 or less and you're not.
I don't think you'll find the majoriity of regular posters on this board relentlessly pump the fund.
As for fat fees, if you think SMT's are bad, take a look at most other funds & ITs. SMT's are far lower than average.
Pumped relentlessly by some, but a poor performer whilst sellers of the product still enjoy their fat fees come rain or shine
Montana was set to become the first state in the nation to ban TikTok, which is owned by the Chinese tech giant ByteDance (BDNCE), but it looks like the move is running into familiar roadblocks. Federal Judge Donald Molloy has blocked the bill set to go into effect on Jan. 1, 2024, saying the measure "violates the Constitution in more ways than one" and "oversteps state power." While individual users would not have been punished, the law could have imposed fines of $10,000 on any "entity" - namely the app stores of Apple (AAPL) and Google (GOOG, GOOGL), or TikTok itself - each time someone was "offered the ability" to access or download the TikTok app.
Response from Montana: "The judge indicated several times that the analysis could change as the case proceeds and the State has the opportunity to present a full factual record. We look forward to presenting the complete legal argument to defend the law that protects Montanans from the Chinese Communist Party obtaining and using their data."
Response from TikTok: "We are pleased the judge rejected this unconstitutional law and hundreds of thousands of Montanans can continue to express themselves, earn a living, and find community on TikTok."
Mr Frogster
Yes it is, and a great series at that matter! Well worth watching..
And this is why we all play the great investment game trying to solve the "what if?" riddle ... and why we all take it very personally especially when you have a slug of your long term wealth on the table.
I have adopted a bar bell approach to my own investment strategy with SMT being one of my long term holdings on the higher end of my portfolio, and expect to add small increments on an ongoing basis
I thought The Mandalorian was a Star Wars film :)
Mr Lord Loads of Lolly
Some really good points here...
My mistake was lump-summing a rather tidy proportion of cash into the Trust whence on a downward trend. What I should have done is checked in my risk tolerance and dollar-cost averaged into SMT. Say 5-10 %. I have read many a news article over the past 12 months saying 'this is the way'...(Mandalorian)..
So I am certainly not giving up on investment trusts, but rather I may look to re-enter on a monthly basis where I can be more tolerant and risk resilient. I am not really sure about other ITs..but having listened to 'Many Happy Returns' pod-cast, which featured SMT, this one seems to be the tightest-run ship in the IT ocean.
To re-quote the Mandalorian...
'This is the way'....(Dollar-cost averaging)..
I certainly can't time the market any better than a 'blind dart throwing monkey' (to quote Mr Buffet sir).