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Aminatidi
Posted: 28 November 2021 12:46:47(UTC)
#940

Joined: 29/01/2018(UTC)
Posts: 5,865
Kraftwerk;196620 wrote:
Frank Marquis;195522 wrote:
New webinar with Terry Smith:

https://youtu.be/MIVALZmZPDE


Thanks for the link. As ever, a straight shooter and very articulate. As a communicator, I find it's a night-and-day difference between him and Nick Train.

The only problem is that every time I listen to him, I want to put more money into FS.


Agreed on both counts though I have plenty across Fundsmith & Smithson already.

Definitely worth a watch.
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David Locke
Posted: 28 November 2021 13:31:46(UTC)
#961

Joined: 27/03/2021(UTC)
Posts: 176
After sounding a skeptical note about the performance of Fundsmith the other day, it was good to see the way it held up on Friday (only down 0.5%) Still a good defensive holding.
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Aminatidi
Posted: 28 November 2021 13:38:50(UTC)
#962

Joined: 29/01/2018(UTC)
Posts: 5,865
David Locke;197167 wrote:
After sounding a skeptical note about the performance of Fundsmith the other day, it was good to see the way it held up on Friday (only down 0.5%) Still a good defensive holding.


Guessing tomorrow won't be pleasant though as with most funds as I think they'll only reflect Friday pricing tomorrow.
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Dan L
Posted: 28 November 2021 16:22:21(UTC)
#963

Joined: 29/04/2018(UTC)
Posts: 804

Thanks: 1097 times
Was thanked: 1283 time(s) in 552 post(s)
Aminatidi;197169 wrote:
David Locke;197167 wrote:
After sounding a skeptical note about the performance of Fundsmith the other day, it was good to see the way it held up on Friday (only down 0.5%) Still a good defensive holding.


Guessing tomorrow won't be pleasant though as with most funds as I think they'll only reflect Friday pricing tomorrow.


Fundsmith usually uses US premarket quotes as part of its daily pricing calculation.
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1 user thanked Dan L for this post.
Aminatidi on 28/11/2021(UTC)
Kraftwerk
Posted: 28 November 2021 20:09:30(UTC)
#960

Joined: 07/02/2021(UTC)
Posts: 115
Bulldog Drummond;196989 wrote:
Meanwhile SMT is up 41% over 12 months....


Precisely my point. It is not normal for a somewhat diversified pool of securities to be up 40% over 1Y and 180% over 2Y.

SMT's performance is, quite frankly, insane.
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Kraftwerk
Posted: 28 November 2021 20:11:27(UTC)
#957

Joined: 07/02/2021(UTC)
Posts: 115
smg8;197104 wrote:

Honestly speaking, this is about as high octane as I tend to get these days!


Are you still keen on GAM Star Disruptive Growth? I'm eyeing that as a potential switch for a satellite holding I have in BG Pacific. The latter's done well, but am souring on EMs a bit.
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D Bergman
Posted: 29 November 2021 15:45:34(UTC)
#964

Joined: 22/03/2018(UTC)
Posts: 1,308

Thanks: 1684 times
Was thanked: 3536 time(s) in 1035 post(s)
Dan L;197194 wrote:
Aminatidi;197169 wrote:
David Locke;197167 wrote:
After sounding a skeptical note about the performance of Fundsmith the other day, it was good to see the way it held up on Friday (only down 0.5%) Still a good defensive holding.


Guessing tomorrow won't be pleasant though as with most funds as I think they'll only reflect Friday pricing tomorrow.


Fundsmith usually uses US premarket quotes as part of its daily pricing calculation.


Dan L - unfortunately today's price reflects Friday's falls - down by 1.5%.
It always takes a full day!

Still - it should rise tomorrow.
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2 users thanked D Bergman for this post.
Aminatidi on 29/11/2021(UTC), Dan L on 29/11/2021(UTC)
Aminatidi
Posted: 29 November 2021 16:05:16(UTC)
#966

Joined: 29/01/2018(UTC)
Posts: 5,865
To be fair though I'll take -1.5%.
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Dan L
Posted: 29 November 2021 16:15:28(UTC)
#965

Joined: 29/04/2018(UTC)
Posts: 804

Thanks: 1097 times
Was thanked: 1283 time(s) in 552 post(s)
D Bergman;197342 wrote:
Dan L;197194 wrote:
Aminatidi;197169 wrote:
David Locke;197167 wrote:
After sounding a skeptical note about the performance of Fundsmith the other day, it was good to see the way it held up on Friday (only down 0.5%) Still a good defensive holding.


Guessing tomorrow won't be pleasant though as with most funds as I think they'll only reflect Friday pricing tomorrow.


Fundsmith usually uses US premarket quotes as part of its daily pricing calculation.


Dan L - unfortunately today's price reflects Friday's falls - down by 1.5%.
It always takes a full day!

Still - it should rise tomorrow.


Yes I think its hard to say and probably doesn't really matter anyway. The US premarket was down quite a bit but then it accelerated. Maybe they only use that kind of pricing when there is an extreme move either way for a single stock but not a general market decline. That 1.5% doesn't feel like quite enough of a drop when many of the top holdings were between 2-3% down.

Anyway, it all comes out in the wash.
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Guest on 01/12/2021(UTC)
Neelam Sharma
Posted: 29 November 2021 17:47:44(UTC)
#967

Joined: 29/04/2014(UTC)
Posts: 85

Thanks: 301 times
Was thanked: 224 time(s) in 53 post(s)
Fundsmith price has been dragged down even before Friday because of underlying drops in Paypal from what I can see.

But perhaps Mr Smith just sees that as short term noise and not a reason to reduce the stake.

I wont sell FS for now but instead I have topped up new money into L+G Global Tech which is performing better.
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1 user thanked Neelam Sharma for this post.
ANDREW FOSTER on 01/12/2021(UTC)
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