Member Info for Deadly4U

It's a long term play, is what I keep telling myself as the SP keeps sliding lower, the chart is literal depression

Rare for FT to mess up this bad, maybe he was persuaded to come back...

"I invest in Scotch Mortgages run by Scotch Widows". About sums up this ****show :D
But seriously no matter where you land on whether on not the trust is being run correctly or not, firing a non-exec director for doing his job is bs and shows that there is a sick level of group think going on. Keep your friends close, but your enemies even closer :)

in4themoney, you cant have your cake and eat it. SMT will never day trade their holdings, this is not ARKK. E.G. If they buy Moderna in 2020 and possibly foresee a short term share price correction as we move away from COVID they won't just dump the shares and rebuy later. The fund managers job is not to "manage" the SP, they find new innovative companies and provide our capital to help scale the business, comparing SMT to a benchmark doesn't provide any meaningful logic in the short run.

ahh ty my bad I didn't read balance sheet just saw the current ratio measure, WC looks good :)

Can anyone explain to me how Capita intends to fix its major working capital issue?

Exactly! If NEX sell their US assets off then their just as bad as FGP. The whole attraction of NEX to me is their diversification and quality markets involved in. Sure debt is currently a bit high but its simple logic that NEX can achieve vastly superior returns to the interest on the debt! IMO I basically imagine that their debt doesnt exist and they don't own their assets. Basically like an asset light business cause their physical assets and debt are pretty closely matched. So our shareholder returns are after payment of leases.

SMT is not a tech fund...

lol its one of the reasons I love Investment trusts, you can buy at a high discount to NAV and a well managed trust will slowly reduce the discount with buybacks, enhancing shareholder returns! E.G.

Mathematically speaking, buybacks are one simple way to enhance a trust’s NAV per share. “If the NAV is £100mn and there are 100mn shares in issue the NAV is £1,” noted Mick Gilligan, head of managed portfolios at Killik & Co. “Assuming the share price is 80p (ie, a 20 per cent discount), if the board spends £8mn to buy back 10mn shares and cancels them, the NAV is now £92mn but there are only 90mm shares in issue, so the new NAV per share is 102.2p.”

Is most of the £1.5 Billion all goodwill or some of that brands et al. Bought in today but couldn't found a breakdown of what exactly all that equity relates too. Am assuming it's leftovers from previous acquisitions in US and Spain. TY

PSH charges a 2.7% OCF which IMO is rather obscene

Average I don't know, but I'm the same view of holding for 20 years so I am 35% in SMT, IMO thats probably too much but yeah I would guess 10-20% is best.

lower margin and eps, dont think results are great tbh

Chart wise sp looks overdone, but if they confirm expected organic growth in FY results then IMO the company is just getting a rerating and not rly much downside from here.

Publicis posted great guidance, rising tide lifts all boats.

Not really seeing a coherent strategy from management and don't think they will be able to keep their high margins with such a bad execution policy

Yup, I just sold out so its going to moon from here :)

Bought in today, most of the stocks in the trust are oversold, add in the discount to NAV and the great team at BG I think it's as good as many time to load up, macro be damned :)

"Expect this to go through £3 and beyond on stellar results" LMAO

sp has moved up nicely in the last couple of months, but if earnings dont show any improvement we will be dumped back to September lows