Scottish Mortgage Trust - Bright Future?

cloud_dog wrote: »

It was up over 2% today so, it must be back in the 'good books'

It's sure to end in tears.

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

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.

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

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