Member Info for Tambo210

With dividends, you're in control of what you do and how you treat the capital return.
Share buybacks should have the effect of raising EPS, but the market decides.
In the end, if you can lower the float sufficiently, then you'll see a material change in the SP. But few companies do that and don't forget that the float may stay flat regardless of buybacks owing to equity plans offered to employees.

Nice to see Ballie Gifford bought back half a million shares. Obvious not going to make a huge difference to the float given its a 1.4bn share float.
But every little bit helps.

Looks like the fund managers' decision to reduce exposure to China equities has turned out to be positive, otherwise this would have fallen harder like Fid Special China situations.
That said, US stock market looks like its going to fall due to the same reasons, so SMT will probably fall harder in the afternoon.

The way I look at inflation is, prices have risen looking back, but the rate of inflation will decline owing to decline in what people are prepared to pay.
Oil has already gone back to pre-war levels (almost). Wholesale Gas prices in the UK have fallen, though that might start to rise as we move through winter. NVIDIA GPU cards have fallen in price, resulting in supply chains moving again for other semiconductors to be manufactured and build inventories.
As unpopular as it sounds, need wage restraint in order to help inflation abate.
I don't think we're going to see reduction in prices across the board, namely.
If the rate held what it currently is, then we'll see another 10pc rise in the basket of goods that gives a measure of inflation, 12m from now. Has to stop at some point.
Not convinced interest rates are the right tool however.

Agree with that.
It doesn't have exposure sadly to investors. They're growing. Paying a healthy dividend. Disciplined financial management.
Ceramics business is moving forward, particularly EV applications.
How do you raise the profile of this company? reddit?

Something is a miss that the top hitters in SMT trust weren't trading yesterday.
Yet TSLA is number 2 on their list behind MRNA, yet the NAV dropped the day before and today.
TSLA rose 7%, despite MRNA dropping just over 1pc. ASML and Mercado LIbre rose too.

Did all the lowest holdings fall materially that it dented the NAV 2 days in a row?

As for the SP, well, that trades on the open market and that's merely due to Buy/Sell ratio. Can't do anything about that. Money Managers will do as they please to meet their targets and depending on when they bought, liquidating at the moment might be wise.

In the US, the bulk of tax-loss selling should be over. In order to participate in the Santa Rally (mid-Dec), they have to have sold their underwater shares mid Nov in order to buy back before mid-Dec and avoid breaking Wash rules. So the NAV (IMO) should rise in the coming weeks.

I agree with @Walp. Depends on your horizon. Its down 50% from peak in Nov 2021. That's quite staggering. ASML for example is guiding some impressive revenues 2024 and beyond. TSLA will keep growing for obvious reasons.
Not sure about MRNA. Huge numbers in the coming year, but its their non-COVID pipeline that needs to hit milestones and gain approval. Not sure about 8% holding in that.
ILMN is a bit funny. They have big numbers and they're present in clinical diagnostics, but they have some serious threat with future sequencing technologies. A lot of criticism and skepticism about their long read offering in the pipeline. I'd be careful with them. If they're allowed to keep GRAIL, then they'll be fine.
AMZN is a good floor. If anything, I'd make them and Microsoft the biggest holdings. NVDA is also ata good price.

One turning tide is the October CPI numbers. FED also talking about a 50bps rise in Dec. If they hit US markets with 75bps, then I'd say they'll wait for a more data before moving on rates again.