George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Struv - I think you're way off the mark there I'm afraid. Even if you don't like Bannor, there is no denying he is nothing but a straight talker. So much so that if I'm just scanning and catching up on posts, his posts are the very few I actually pay any attention to.
I'm not convinced of Elliot's strategy to reduce the private equity holdings, including SpaceX. This is one of the things that differentiates SMT from its peers in that investors gain access to private equity as well as large caps. I can't seem to see the reasoning behind this published anywhere so I'm not sure of the logic here.
Elliot's may have the same motives as previously with ATST or they may just see it as an opportunity for the hedge fund to make a quick buck. After all, it doesn't take a massive price increase to make a significant return when your stake is 5% of the fund.
Interesting article LLoL - I also saw this positive take on SMT in CityWire today:
https://citywire.com/investment-trust-insider/news/hewitt-scottish-mortgage-on-the-front-foot-as-top-growth-trusts-recover/a2438689?re=118494&ea=1988161&utm_source=BulkEmail_Investment+Trust+Insider+Daily&utm_medium=BulkEmail_Investment+Trust+Insider+Daily&utm_campaign=BulkEmail_Investment+Trust+Insider+Daily
Yes, apologies - should be about SMT :)
I agree with everything you say here Tambo but people have had these freedoms since 2015. This was the reason I said ticking time bomb in my previous post as the implications have not yet filtered through to everyone.
I agree LLoL – the pension freedoms legislation of 2015 has given people the ability to manage their own pension funds so why should this be any different for public sector workers? It might still be a ticking time bomb though as more and more people become reliant on the state because they have burned through their pension funds too early.
Yes LLoL, I picked up on that too - almost as if they are moving the goalposts a bit :) Almost everything I read about the trust these days is positive though with the general expectation of globally falling interest rates over the coming years naturally benefitting growth stocks.
Interesting Trustnet article:
https://www.trustnet.com/news/13403996/when-scottish-mortgage-will-flourish-and-struggle
Yup, keep your Pecker up :)
Not exactly Captain - volatility is inherent with SMT, it's laid out in all the risk disclaimers and if this isn't for someone, they shouldn't invest. Much the same as you might not like to get in a car with the manic driver.
Nice work!
Tambo - my understanding is that directors can purchase on the open market (outwith any closed periods) as long as they don't have any price sensitive info, before it is made public.
Tambo - I'm all for complaining when it's justified but I can't understand the logic of your chosen timeframes when much of the market has faced the same issues as SMT. I feel for those who are forced to sell any investment at a loss but, given time, I still have every faith in SMT.
Tambo - I think you're being unjustly harsh on the team at SMT. Would you be saying the same things if the fund was flying high? I agree that neither of them came across well during the November '23 interview but that doesn't mean they don't know what they or doing or have no strategy. As has been said countless times here, growth stocks have suffered recently and other well respected funds and ITs have also lost ground. This trust will shine again - I have every faith and more inclined to buy more than to sell.
Perfectly put LLOL
I thought The Mandalorian was a Star Wars film :)
My thoughts exactly LLOL - just look at the rewards from Tesla and Amazon, for example. As you say, this fund is all about long term early stage investment and, personally, I don't see that level ever changing.
Andy, all you're doing there is crystallizing a loss and there are no guarantees that your 'pack leader' is going to continue to outperform. Chasing winners can be difficult.
Do what's right for you Captain and don't be swayed either way by what you read here as everyone has their own opinion. For what it's worth, unless I was forced to sell for financial reasons, I wouldn't be doing so just now. However, if my risk tolerance had suddenly dropped and the thought of further volatility was affecting me, I'd be off like a shot. Each to their own and good luck whatever you decide.