Scottish Mortgage Inv Trust (SMT)

Sector:

Investment Firms

Index:

FTSE 100

861.20p
   
  • Change Today:
      9.00p
  • 52 Week High: 894.00
  • 52 Week Low: 612.20
  • Currency: UK Pounds
  • Shares Issued: 1,379.09m
  • Volume: 2,519,051
  • Market Cap: £11,877m
  • RiskGrade: 143

Scottish Mortgage NAV underperforms market in H1

By Iain Gilbert

Date: Monday 06 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Investment trust Scottish Mortgage told investors on Monday that it was confident of its long-term outlook despite reporting a drop in net asset value over the first half of the year.
Scottish Mortgage said NAV had dropped from 816.8p per share to 787.7p in the six months ended 11 September, compared to the FTSE All-World Index which delivered a 4.3% increase over the same period.

However, over five years, Scottish Mortgage said its NAV has gained 59.6% versus 49.6% for the index, while over ten years it increased by 358.1% against a rise of 189.5% for the index.

"We will have periods when we underperform the market, and the six months in question was one," said Scottish Mortgage, which left its dividend unchanged at 1.60p.

Looking forward, Scottish Mortgage said "financial conditions" have pushed many companies into prioritising "profitable growth" and said declines in stock prices had made valuations more attractive.

"This combination provides a strong underpinning for the long-term outlook," it said.

As of 1045 GMT, Scottish Mortgage shares were down 0.21% at 686.37p.

Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SMT Market Data

Currency UK Pounds
Share Price 861.20p
Change Today 9.00p
% Change 1.06 %
52 Week High 894.00
52 Week Low 612.20
Volume 2,519,051
Shares Issued 1,379.09m
Market Cap £11,877m
RiskGrade 143

SMT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
65.48% above the market average65.48% above the market average65.48% above the market average65.48% above the market average65.48% above the market average
70.57% above the sector average70.57% above the sector average70.57% above the sector average70.57% above the sector average70.57% above the sector average
Income Not Available
Growth Not Available

SMT Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 01-Jun-23
Paid 15-Dec-23 04-Jul-23
Amount 1.60p 2.50p

Trades for 12-Apr-2024

Time Volume / Share Price
16:51 1 @ 863.69p
16:35 398,272 @ 861.20p
16:35 909 @ 861.20p
16:35 233 @ 861.20p
16:35 1,291 @ 861.20p

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