Member Info for SFH300

https://www.abrdn.com/corporate/investors/share-price-and-dividend-information/dividend-history

Final dividend, ex-div date 07/04/2022, payment date 24/05/2022, 7.30p.

To answer your thread title question: yes. ;)

Thank you, Pete, I'll take a look < thumbs up >

I'm wondering if Simon Thompson is still of the same view he was a couple of months ago, though:

https://www.investorschronicle.co.uk/ideas/2022/03/21/a-blue-sky-value-tech-play/

See the Times article I've just posted two minutes after yours.

The trust had been through the Great Depression and world wars, she said, and “experience has shown that it is not the ferocity of any market storm that matters; it is what one does during it that will most influence outcomes for shareholders. One must not let the stress induced by such volatility shorten time horizons or prompt decisions taken to reduce discomfort, to the potential detriment of maximising long-term shareholder value.”
Analysts at Jefferies estimated that the drop in value of the trust’s quoted investments meant unlisted, more illiquid, companies now accounted for 30.4 per cent of its total assets. This is above Scottish Mortgage’s 30 per cent policy cap, “although the limit is struck at the time of purchase, so requires no remedial action. However, it will understandably restrict new investment into unquoteds for the time being.”

ENDS.

... sticking with China, says Scottish Mortgage Investment Trust"

Ben Martin, The Times, 20 May 2022.

"The lead manager of one of Britain’s most widely held investment trusts has admitted it was a “mistake” to have sold down western technology companies instead of their Chinese rivals.
Annual results from Scottish Mortgage Investment Trust yesterday laid bare the damage that the rout in growth stocks and a regulatory clampdown by Beijing had inflicted on the FTSE 100 vehicle.
It suffered a negative net asset value total return of 13.1 per cent in the year to the end of March, compared with a 12.8 per cent gain in its benchmark, the FTSE All-World index.
Tom Slater, who runs the trust alongside his deputy, Lawrence Burns, said it had been “a tough year”.
The trust said a year ago that it had increased its exposure to China, including through tech companies such as Tencent, and exited its investments in the social network platform Facebook, now called Meta, and the Google owner Alphabet. Yet since late 2020 President Xi’s government has put mounting regulatory pressure on Chinese technology companies, causing sharp falls in their share prices.
Slater said in Scottish Mortgage’s results: “In retrospect, it has been a mistake to reduce our holdings in western online platform companies rather than their Chinese counterparts.”
Scottish Mortgage, which has a stock market value of more than £10 billion, is the leading trust run by Baillie Gifford, the Edinburgh-based investment giant. It started in 1909 and is now a leading investor in growth businesses, including unlisted companies.
Slater stepped up to become its lead manager when James Anderson left in April after 22 years with the trust. During Anderson’s tenure the vehicle delivered bumper returns of 1,155 per cent in net asset value terms.
The trust’s biggest holding is Moderna, the American biotech business behind a Covid-19 vaccine. It also has stakes in companies ranging from Delivery Hero, the online food delivery group, to NIO, the Chinese electric car developer.
Once-popular growth stocks have plummeted in recent months amid worries about soaring inflation and the health of the global economy. This has knocked Scottish Mortgage’s share price by 40 per cent this year, including a 2.4 per cent fall yesterday to 760p amid a wider market sell-off.
Fiona McBain, chairwoman of the trust, said its managers had “remained calm and focused” in recent months.
She said: “After the past few years of relatively benign market conditions, it is easy to forget how bumpy the ride can become when storms roll in."

MMs are simply trying to avoid the drop into bear territory. No substance behind it.

HL make it clear that dividends and other income that the investor has requested be paid directly into a bank account (instead of being held in the HL capital account) will be paid within the first ten days of each calendar month. They're not using sharp practices. I've had dividends (paid on a company's expected payment date) appear in the income column on, say, the 11th of the month but it hasn't been paid into my bank until the 11th of the next month. But, as Jim800 says, you can always transfer it manually from the income column into your capital account and use it that way. < thumbs up >

Jnkeir - "So I’ve got my div and the cash distribution both through now, am I right in thinking I’m waiting for B shares now? Or did that cash distribution technically the B shares and I have to reinvest them ?"

The cash distribution is a result of the automatic redemption of the B shares (which happened yesterday). You can forget about the B shares now and just use the cash as you will.

The HL system must be steam powered, I think, Rylidan, because nothing's changed on my ISA yet. Still got the RoC line.

Yes, of course. While I appreciate your efforts in explaining what's going on, I also keep in mind that Boris Johnson famously wrote two diametrically opposing editorial pieces about the pros and cons of Brexit before he decided which side he'd be on, so that it was ready to publish immediate once he'd made up his mind. Since he made his decision to support Brexit he's had to shift and shuffle his justifications on an almost daily basis because fundamentally his methods of assessment are flawed and not truly related to Brexit but to his political career. Something similar happened here too a few months ago, when Valueplay daily apprised us of the fantastic benefits of Ocado's Re:Imagined tech launch, encouraging us all to have faith that all would be well. He then sold his Ocado entire holding at the beginning of this month. He didn't announce it until about an hour ago, though.

So, y'know, I hope you'll forgive me if I'm rather cynical of those who state one thing and do another, or who constantly shift their own narrative goalposts to suit a situation they hadn't anticipated or had explicitly stated the opposite of.

Nope. Thought not.

" ... i only tend to only invest in Aim micro caps (which don't have these sorts of nice problems)"

BBB did a RoC in October last year.

They're not stupid. There's no such thing as a free lunch.

"Strategically, the company is now focused on generating income rather than growth for investors."

Lti - whoever your broker is doesn't appear to be serving you well. That said, almost ever stock screen I've seen is pretty amateurish in its operation, so I guess some are more amateurish than others. GL.

... This is the worst share I've ever held.

"for what its worth i see this pulling back by the end of the day"

Could be an exciting last 15 minutes, then.

I'm sure he'll be able to explain why we're down another 8% today.