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For me SSON just doesn't cut it anymore. I sold my holding last September which I have held since inception but have become increasingly disillusioned with it nof late.
@Johnbri
I agree but perhaps they are too arrogant to do that ?
Like Lindsell Train, another example, it is good to have conviction but when things don't work out they need a sober reassessment, imho.
Given the fact that US stocks have been giving good returns and finally the FT is going in the right direction why are we struggling to get past 1400? The 2000+ days seem very much in the distant past. It is probably time to give up on some of the deadwood in the Smithson portfolio and change tact a little
Watched the latest video and decided that it's the usual "you need to invest for the long term" story that you always get with funds that are underperforming. Sold out yesterday
Yes considering bailing out of SSON now, it doesn't even pay a dividend
I have just watched the annual shareholders meeting for Fundsmith featuring Terry Smith and Ian King. I must say I have no doubt this investment will flourish.
Now Smithson is not so perky. In the beginning I invested equal amounts in each fund (6 figures) and after the first two years I was kicking myself for not going all in with Smithson. It reached £2 and outperformed Fundsmith. How times have changed. For the last two years Smithson has stagnated and can’t get passed £1.4. I would think that the fund managers are concerned and hopefully due to the length of time this has stood still action will be taken.
Https://x.com/SwazersC/status/1766819861739573755?s=20 https://www.tradingview.com/x/bcPWImVo/
Well this has managed to crawl back a little of its recent losses in the last three months, but still nowhere near where its been in the past, not good for recentish entrants.
Cant see much changing to quickly,so best left on the shelf for now till it makes netter progress.
As we reach to end of the year it is hoped that the performance of this fund continues with the trend we have seen in the last quarter. If the performance since its inception to today is considered a 40% increase is not to be sniffed at. The downside is that we have seen a 100% increase and it is still a long way to travel to get back to these levels. Fundsmith is performing well and hopefully this can match it in the coming year. These two funds carry my hopes for my continued life style and I am hopeful. All the best to holders of either.
Certainly trickling down here over the last few years. 2000 down to 1200.
Hardly the ideal situation at all and not good for all the holders who bought in at the highs.
Might be better off investing in a real swimming pool instead.
Dreadful performance in the last 2years. Surely have to change management and direction?
Down a fair bit then Bri, agree not been the best investement this last period here has it.
Do hear that a new fuel for aircraft is in the pipeline though that maybe worth a dabble.
Hioctane Nitrogen, going to be all the rage apparantly.
Should maybe check it out?
4 years ago I invested substantial funds here and in Fundsmith.
When this reached 2000 I started kicking myself that I should have invested only in Smithson. How times have changed. During the last 18 months Fundsmith has held its own whilst this can find no traction. I am sure the board are very concerned with the funds performance and hopefully a turnaround Is imminent.
Have a look on LinkedIn for SSON. The discount of the share price to NAV of around 10% impacts the management fees hence the ongoing share repurchase program. If you google the US investments, you will find the bad snail.
According to PMDR. Looks like the whole Barnard family have just invested in SSON
what funds aren't at the moment, my whole portfolio is down about 10% since the beginning of the year. This is down over 20 odd % and that was buying recently at 12 quid as well. Shambles.
What a woeful recent performance imv.
I first bought into SSON around 2 years ago and have added modestly over that period. Not a top ten holding for me but maybe a top 20. It is now down 30%, which means it will have to go up by more than 40% to reach the December 2021 peak. I'm not sure I can eat that much pizza.
bear in mind that this trust is just over 3 years old and originally issued at £10 so even at today's low price it's 54% up on the IPO and it's trading at a discount. What concerns me is that it has fallen by about the same amount as SMT in 2022 and SMT is a normally much more volatile beast with lots of unquoted stuff in it..
Why did you buy in to the trust then? It has had companies like Dominos since inception.
The trust is all about quality, cash generative companies that will do well whatever happens in the world.
Twonko, the strategy here is buy and hold for the long term unless the fundamentals change. The pandemic was an exceptional event and the managers cannot / should not be expected to trade unless underlying fundamentals have changed ignoring the pandemic. Perhaps you would be better day trading?
Too few of the holdings are likely to perform well as the pandemic eases and people' habits change (or revert to normal). For example, Domino Pizza. Dominos won't go away, but people will eat out more. It has already happened. And that alone accounts for over 8% of the fund. Recovery here will not be quick and it seems like the fund managers didn't see it coming. Now nearly 30% down since December and counting.
What is it that makes you think it is doggy doo? The underlying companies? he investment approach? The managers? Or simply that it's gone down recently?
This so-called investment has been dog extremely this year and is currently down nearly 25% on its 2021 high. Sometimes, this could be seen as a buying opportunity but I don't feel that with this pile of doggy-do's. Down again today, the same as nearly every day this year. Thankfully I only have a relatively small holding but it is by far my worst performer of 2022. Time these jokers got their fingers out and started earning their undeserved salaries.
Because the shares are issued at a slight premium to the current share price.