Member Info for thefrogster

LSEBUYER - you sir are a misguided rocket - let's just see if you're still spouting the same drivel in 10 years time or if you too will wake up and smell the coffee. I feel sorry for people like you who are still blinded by the lies and broken promises from this company.

LSEBUYER - bore off. Please tell me why I should sell and crystallise a 90% loss? Don’t tell me to average down as I’ve done that over the years but this is the share that just keeps on taking. Yes, yes it’s my own fault for buying at the wrong price but I ain’t going anywhere. If you don’t want to hear any negative talk (aka the truth), just block me - simple. Comprende?

15.69% was the highest vote against - unbelievable really. This dog of a share has haunted me for over a decade. One thing's for sure - I'm gonna sell my holding before I die (unless Amapa comes sooner) as I wouldn't want my beneficiaries to see what a mug I've been. It's been a total embarrassment of an 'investment'

Dictionary definition seems pretty clear to me - contemptuous term applied to anyone regarded as having the manners, morals, etc. of the gutter

Very true LLoL - this was a common mistake at one of the other Baillie Gifford investment trusts, EWI. I believe the management team were actually told to take profits at certain levels which makes perfect sense for the reasons you outlined.

As long as AI takes off as some expect it to. Terry Smith at Fundsmith has a different opinion but let's hope SMT are correct.

It might be a good idea to change your name if you fancy giving investment advice :)

Here is an article which says just that LLoL:

https://citywire.com/investment-trust-insider/news/elliott-could-have-doubled-its-money-in-scottish-mortgage/a2442236?re=120261&ea=1988161&utm_source=BulkEmail_Investment%20Trust%20Insider%20Daily&utm_medium=BulkEmail_Investment%20Trust%20Insider%20Daily&utm_campaign=BulkEmail_Investment%20Trust%20Insider%20Daily

I feel you pain JustForFun - I too was sucked into this horrible mess more than 10 years ago and despite foolishly trying to average down over the years, I'm still sitting on a massive loss. We only have ourselves to blame but I can honestly say that this share has been the worst investment of my life. All bets are now on Amapa and let's just hope Kiran & Co can pull this off so we can all get out of here with something.

Not guilty Sir!

Thanks LLoL - I imagine Elliots will be all over the valuations at the moment though. I just hope they're not looking to make a quick buck and flip their holding as this wouldn't be good for the SP short term.

I remember reading last year (sorry, can't find the article) that SMT revalue a third of the private holdings each month in addition to some adhoc valuations being carried out.

If anything, I think the latest US CPI report will cause nothing more than a temporary pullback. Rates will start to fall at some point - maybe just not as quickly as the market first priced in.

Apples and pears Dartron but each to their own. I see RCP is sitting at a discount to NAV of almost 29% - maybe give Elliots a shout and see if they're interested :)

May be a typo LLoL but CGT next year is £3k :)

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 :)