Smithson historically high discount.

TBC15

For those who may have considered giving Smithson SSON a berth it’s currently trading at a historically high discount of approx 12%. However its performance so far this year has been dire.

aroominyork

Given it has fallen this year from +2% premium to -8% discount, and comparing it to a couple of semi-randomly chosen global smaller companies funds, I wouldn't say its performance has been dire. Indeed, you could call it a bargain if you have faith in its strategy and future.

Thrugelmir

Smaller companies are out of favour currently. Hardly surprising given the storm clouds that are building. 

TBC15

aroominyork said:

Given it has fallen this year from +2% premium to -8% discount, and comparing it to a couple of semi-randomly chosen global smaller companies funds, I wouldn't say its performance has been dire. Indeed, you could call it a bargain if you have faith in its strategy and future.

The 8% discount was applicable up to about 2pm however gravity has taken over once again unfortunately or fortunately depending on your outlook.

aroominyork

I wouldn't know how to find NAV on an hourly basis! 
Methinks you are looking at us to give your holding a little boost...

wmb194

aroominyork said:

I wouldn't know how to find NAV on an hourly basis! 
Methinks you are looking at us to give your holding a little boost...

You can create your own watchlist/spreadsheet and begin to guess. I've never owned it but given the hype have been curious to follow it. This isn't a full list but it looks like some of its US holdings in particular are in the process of getting smashed today:

TBC15

aroominyork said:

I wouldn't know how to find NAV on an hourly basis! 
Methinks you are looking at us to give your holding a little boost...

Methinks if that was my intention it’s not working very well

Edit : I based my discount on the HL estimated NAV and the current price.

TBC15

wmb194 said:

aroominyork said:

I wouldn't know how to find NAV on an hourly basis! 
Methinks you are looking at us to give your holding a little boost...

You can create your own watchlist/spreadsheet and begin to guess. I've never owned it but given the hype have been curious to follow it. This isn't a full list but it looks like some of its US holdings in particular are in the process of getting smashed today:

Well that’s cheery and raises the spirits.

aroominyork

TBC15 said:

aroominyork said:

I wouldn't know how to find NAV on an hourly basis! 
Methinks you are looking at us to give your holding a little boost...

I based my discount on the HL estimated NAV and the current price.

There is surely a drag in time on the former. NAV will be down too.

Shocking_Blue

Just come on to start a thread on Smithson's dire performance and seen one has already been set up. Did top up a bit a few weeks back but it seems to be continuing it's dire trend. A little concerning as something approaching 23% down. Assuming the upward trend will be equally as dramatic, whenever that is. Intend to further top up but at the moment not.

Shocking_Blue

wmb194 said:

aroominyork said:

I wouldn't know how to find NAV on an hourly basis! 
Methinks you are looking at us to give your holding a little boost...

You can create your own watchlist/spreadsheet and begin to guess. I've never owned it but given the hype have been curious to follow it. This isn't a full list but it looks like some of its US holdings in particular are in the process of getting smashed today:

Sorry, wmb194, did you create this list manually, rather than having an app automatically generate it?

Thanks.