Member Info for lordloadsoflolly

lambo222 - you do realise you're as transparent as water with your endless flip-flopping. Why not do us all a favour & give it a rest.

Ubik_Fresh - I'd wait if I were you. Even Jeremy Hunt said things will get worse before they get better. And I suspect that doesn't just apply to the UK. That said, any sign of improvement in Ukraine is likely to come out of the blue and would undoubtedly boost market sentiment significantly.

DorsetLSE - with respect, you strike me as a permanently nervous investor.

Don’t think IPOs per se are the magic bullet some on here suggest. Rewind a few months & many were getting excited about Lucy’s IPO, expecting a major TEK share price re-rating. That never happened (or rather it did, only in the wrong direction). As I’ve said countless times now, until there’s clearer visibility on an eventual exit strategy from its current holdings & some idea of timing for special dividend payments, TEK will continue to drift IMHO. And I say that as a holder still, because eventually I DO think there’ll be some decent payouts.

stoater - gut instinct’s usually a pretty reliable guide in such matters.

Stoater - The phrase “pinch of salt” springs to mind!

I think that’s most unlikely baf3, though it’d be very welcome.

DorsetLSE - just as one swallow doesn’t make a summer, one company’s failed buyback strategy doesn’t necessarily mean it’s a failure for all. But I suspect you know that already and are just playing devil’s advocate?!

WarrenBJumper - on a scale of 1 to 100, where 100 is highly likely & 1 highly unlikely, I’d rate your prediction as minus 10.

Brighty1 - how do you get to £650m? Thought their target was 3x current. And I very much doubt we’re on for >£200m this FY. Whilst the signs do look more promising, let’s remember we’ve all been here before. Phillip Rasmussen (RIP) forecast great things for IQE years back - and they never materialised. Probably in some measure due to his tragic & untimely passing. But nonetheless, it’s always a whole lot easier forecasting strong sales & profit growth than actually delivering on it.

DorsetLSE - True, but there could be a case for "selling assets in an IT to buy back shares in yourself". Say managers lose faith in one of their particular holdings and that holding's price begins to reflect a wider market malaise. Surely selling it, effectively reinvesting the proceeds into their remaining holdings & reducing the number of outstanding SMT shares might well make financial sense?

walp - I share your positive outlook re: SMT's longer term prospects (5 years +). However, I'm more pessimistic about inflation disappearing any time soon. Frankly, I simply don't find the Bank Of England's forecast credible that "CPI inflation is projected to fall sharply to some way below the 2% target in two years’ time, and further below the target in three years’ time." Remember they're the institution that failed to act early enough on rate rises last year, thereby baking in higher inflation for longer. They're also tasked with keeping inflation around 2%. But to be fair, outside factors (including a pandemic & war in Europe) made this an impossible short term outcome. However, inflation has a nasty habit of rising like a rocket and falling like a feather. And so I suspect it will prove this time. In any case, even with low inflation in 2 years' time, we'd still be talking energy, food prices etc. remaining above their current excruciatingly high levels. That'll continue putting huge constraint on consumer spending, which in turn will temper economic growth. So I suspect we're still in for at least another fairly lacklustre year. But IF it's true markets anticipate trends (I'm not convinced myself!) and IF they detect green shoots emerging late 23/early 24, I guess we could just see a market upswing by next winter.

TW looks (and behaves) like he sleeps under the arches. I’d frankly pay more attention to an amoeba. And Motley Fool should consider doing the current trendy thing by shortening their brand name. You know, like Aberdeen became abrdn & Transferwise became wise. I suggest Motley Fool just loses the Motley bit.

chamer - SMT's premium/discount to NAV has been a lot more volatile over the past 12 months than your post suggests. Check out the chart here: hTTps://www.hl.co.uk/shares/shares-search-results/s/scottish-mortgage-it-plc-ordinary-shares-5p. As recently as March 22, SMT traded at a premium to NAV! So the correlation between NAV & share price is highly variable IMHO.

oxbigtime - they're already listed on the market. But in terms of the earliest Opti holders can trade their PBX shares, I believe it's 31 Dec 22. Or thereabouts.

lambo222 . Here's another reminder of what you posted word for word on 30 Sept 2022: "AZN had sales of $1.2 billion in the first 6 months with their Lupus drug! Can you imagine where this could go from £9m Mcap once they get it approved… looks like the FDA are onboard and supportive, Avion are onboard and supportive and will find for $25m so it’s very much game on here, well done all that held big day ahead today that second rns was key as it shows FDA want to help the drug gain approval and Avion are happy to fund it, once finalised this will be back at 15p imo"

ADVFN seem to have a general technical issue on 22 Nov, as none of the share chats I checked is currently working.

Anyone know what's happened to ADVFN's IQE share chat? It's suddenly disappeared into the ether some time since the weekend.

MaximusD - you make some valid points. However, I do recognise progress in the portfolio. Just not in the share price currently. Agreed, markets aren't perfect by a long way and often get company valuations completely wrong at any given point. Where you & I still differ is in terms of dividend distribution signalling. I'm not calling for a rigid timetable. Just the outline of a strategy. At the moment, investors haven't a clue when - or even if - they're ever likely to see any special dividends. That doesn't instil confidence. And I still firmly believe that the slump in the share price this year is - at least in part - down to this. My investment strategy isn't short term by the way, in case you thought otherwise. But I do expect to see firm progress in TEK's share price (not just its holdings) within the next 18 months. Otherwise I'll be cutting my losses & moving on.

CityWatcher - what's Liontrust got to do with SMT?