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Scottish Mortgage Trust - Bright Future?

edited 30 November -1 at 1:00AM in Savings & Investments
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  • cloud_dogcloud_dog Forumite
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    It was up over 2% today so, it must be back in the 'good books' :D
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • Voyager2002Voyager2002 Forumite
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    cloud_dog wrote: »
    It was up over 2% today so, it must be back in the 'good books' :D


    It's sure to end in tears.
  • StellaNStellaN Forumite
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    You seem very sure about this, maybe you could explain your reasons behind this comment?
  • edited 3 July 2019 at 3:14PM
    AnotherJoeAnotherJoe Forumite
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    edited 3 July 2019 at 3:14PM
    Thrugelmir wrote: »
    Serially under forecast todate. Hence why the shares continue to drift.


    https://www.cnbc.com/2019/07/02/tesla-q2-2019-production-and-delivery-numbers.html


    Tesla’s stock surged in premarket trading Wednesday after the electric auto maker said it shattered its previous production and delivery records during the second quarter, soundly beating analysts’ estimates.
    The electric car maker released its delivery and production results Tuesday night, hinting at a strong third quarter that already has a backlog of orders. The news sent its shares soaring by almost 8% before the markets opened.


    Tesla forecasts are generally made by professional shorters and know nothing analysts


    With one exception, every analysts forecasts below is off
    get?url=https%3A%2F%2Fassets.bwbx.io%2Fimages%2Fusers%2FiqjWHBFdfxIU%2FiqtDrGTuGlnM%2Fv0%2F1200x-1.png&key=osQxF7a0sPbCyFuHFed-nA&w=600&h=539
  • Out of interest, what are the main differences between this kind of investment trust and a fund like one of Neil Woodfords.
  • AnotherJoeAnotherJoe Forumite
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    AIUI .. and I could be off here........... Funds are in theory priced at the actual underlying value of the assets they hold. eg say the fund held one billion of underlying shares, then the fund is worth one billion, and each unit is worth that value divided by how many units there are. If there were a billion units each unit would be one pound.
    If it was an Investment Trust with the same factors as above, whilst the trust shares should also be £1 each, people might pay more for them because they might think that Neil Woodford is a smart guy, knows more than they do and tomorrow he might sell soem of the investments buy something else and then see the value of that rise to £1.2BN. So people might be willing to pay (say) £1.05p a share which means the IT is at a 5% above its NAV.
    If you take WPCT, which is an IT, although (AFAICR) the NAV is about 85p the shares are priced at about 55p. Why is that? In theory you could buy shares at 55p and then woodford could sell the assets for 85p a share and then youd make 30p a share. Well, people dont believe the NAV is worth 85p a share they think (collectively) its about 55p. (Personally i think its half that).



    So, TL;DR the difference is, the price of an IT is determined by the balance between buyers and sellers. The price of a fund is determined by what the fund manager says its worth. (Until people dont believe them, start selling and the fund manager cannot sell the underlying assets quickly enough to keep up.
  • ReaperReaper Forumite
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    Out of interest, what are the main differences between this kind of investment trust and a fund like one of Neil Woodfords.
    Here's a simple starter page:
    https://www.which.co.uk/money/investing/types-of-investment/investment-trusts/investment-trusts-explained-agmsw3f4fnqq
  • stphnsteveystphnstevey Forumite
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    :)
    AnotherJoe wrote: »
    https://www.cnbc.com/2019/07/02/tesla-q2-2019-production-and-delivery-numbers.html


    Tesla’s stock surged in premarket trading Wednesday after the electric auto maker said it shattered its previous production and delivery records during the second quarter, soundly beating analysts’ estimates.
    The electric car maker released its delivery and production results Tuesday night, hinting at a strong third quarter that already has a backlog of orders. The news sent its shares soaring by almost 8% before the markets opened.


    Tesla forecasts are generally made by professional shorters and know nothing analysts


    With one exception, every analysts forecasts below is off
    get?url=https%3A%2F%2Fassets.bwbx.io%2Fimages%2Fusers%2FiqjWHBFdfxIU%2FiqtDrGTuGlnM%2Fv0%2F1200x-1.png&key=osQxF7a0sPbCyFuHFed-nA&w=600&h=539

    News worthy as it is unusual Tesla does as Elon Musk says....

    This is a rollercoaster stock, value difficult determine as often Musk massively inflates it's value

    There are other huge car companies doing what Tesla does, just without the hype and with deeper pockets and established sales chains

    Not for me, however would actually like to be proven wrong as the concept is sound, execution is lacking
  • AnotherJoeAnotherJoe Forumite
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    :)

    News worthy as it is unusual Tesla does as Elon Musk says....

    This is a rollercoaster stock, value difficult determine as often Musk massively inflates it's value
    Musk actually advised against buying tesla shares last year


    There are other huge car companies doing what Tesla does, just without the hype and with deeper pockets and established sales chains
    Really? Who are they?

    Not for me, however would actually like to be proven wrong as the concept is sound, execution is lacking


    Execution lacking LOL
    Watch this
    https://insideevs.com/news/351297/u-s-electric-car-sales-moving-chart/
  • What is wrong's with Tesla's execution?
    The Model 3 for example is a mind blowing car. 250-300 mile range.
    Their own super charger network which is now easily available around the UK. The latest chargers can charge at 1000 miles of range added per hour, you would only need to stop for 20 minutes in a long journey. Think it's 20p/kwh which is reasonable. Usually the "engine" gets 4 miles per kwh.
    Incredible autopilot software and mobile app.
    Good delivery times as they make their own batteries, other EV brands struggle to meet demand, eg Hyundai Kona EV.

    I'm personally a massive Tesla fan. I think they're 5 years ahead of the game.
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