Member Info for Chamer

https://www.msn.com/en-gb/health/medical/groundbreaking-cancer-and-heart-disease-vaccine-could-save-millions-of-lives/ar-AA19ChcM

The price was held up by a large buyback of 1.8 million shares today, so unfortunately I expect the drop to resume tomorrow. Sentiment is against this share at the moment… stating the obvious I know!

I find it surprising that the SP has not moved up early today given the Nasdaq price rise yesterday and the futures today. SMT seems very unloved ATM with investors being quite short sighted. I believe once the tide turns with interest rates the upward trend will be swift.patience, patience as always is required

Final results out this morning and yes they’ll pay $0.18 + $0.077 extra dividend per share.

Yes lord loads I take your point it has been very volatile this year but seems to be 7 to 8% at the moment… roll on it getting back to a premium!

The downward trajectory is simply being driven by the NAV falling. Check the NAV over the last week or so and it’s down every day. The discount to NAV is fairly consistent at about 7 to 8% atm.
Today weakness in Moderna on the Nasdaq isn’t helping sentiment either

Just checked in to see what’s changed since end of September and spotted SMTs Moderna stake is up to a whooping 8.8% of the total portfolio! They obviously think Moderna have a long way to go as a growth business and have seized the buying opportunity on weakness of the share price…

It seems to me that the end of day share buybacks are regularly clawing back the price. Today for example, of 4.7 million shares traded SMT bought back 1.47 million they must have more than ever before in treasury as the discount to NAV is ridiculous. Definitely a share to benefit from drip feeding when the discount to NAV widens and over the next 5 years I am sure you’ll be smiling

I’d be interested in Stockready1s assessment now given this will not be £15 by the end of august now…
I sold at £1255 after Naths decision to sell his shares and it’s proven to be the right call.

I stand corrected 897k

https://www.etfdailynews.com/2022/05/24/insider-selling-smith-nephew-plc-lonsn-insider-sells-70378-shares-of-stock/

He was only just awarded 70378 shares and they have bitten the dust to raise over 907k… wow this guy has some debts . How do we know it’s still a tax bill he is paying off?

Big drop due to Nasdaq started to slide mid afternoon and Tesla down over 9% due to allegations made against Elon Musk.

Today from BGs website:
Share Price
782.40p
NAV at Fair
860.84p
Premium / Discount (+/-) at Fair
-9.1%

Did I read the RNS correctly that Deepak has sold 29,000 plus shares? If so then it’s not a good message so early on in his tenure.

Not looking too good for today either, hold onto your hats, everything seems to be heading south at the moment. A strong stomach needed.

After a big drop yesterday along with the market as a whole, it’s a pretty weak recovery today. No sign of any director purchases and no sign of any broker upgrades. I imagine Deepak will have a huge share options package lined up anyway so why would he buy more? It would be great to motivate the share price though if he did… GLA

Seems something has stirred the shares into action. From a drop greater than the wider market to a gain of greater within the day… maybe investors are waking up and smelling the coffee!

I am seriously losing faith in investing in individual shares at the moment as there seems to be a downward trend except for a few exceptions like oil and some mining shares and I fear we have a lot further to fall. Smith & Nephew is an example where you invest money waiting for a turnaround and it never seems to materialise. In all honesty I know I would have done better investing in a simple tracker fund in the last 18 months.

To be clear you will not be entitled to the divi as the ex dividend date has past.

You are right, however these do appear to be undervalued if prepared to hold for a couple of years imho

Belated reply. If your broker is registered with the IRS in the United States you will get the correct treatment applied according to the wrapper that the shares are held in. For example Interactive investor responded to me when I checked with them as follows:

“For an ordinary dividend from a US incorporated company, such as Somero, held within a SIPP account, dividends are received without the deduction of US tax as we are a Qualifying Intermediary with the IRS.”

I believe ISAs maybe treated differently.

This webpage may help:
https://the-international-investor.com/investment-faq/reclaim-withholding-tax-foreign-dividends-isa-sipp