Baillie Gifford [discussion] 📃

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I was certainly looking at it before the BG trusts were all added. Not sure how much overlap it has with Trusts and ETFs we’ve already discussed but would be worth the analysis. As you say the performance has been decent.

Wow, BGCG took off today :open_mouth:

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Wow, it’s had a banger this morning.

Looking at the time of issuing equity they tend to do it very late in the day so I’m going to have check about 6 to see if they’ve continued.

I’ve jumped on it today … will be investing monthly to my BG Pie, so … hope for the best! :wink:

Good luck with it!

I’ve got SMT and USA in mine, I was going to jump in BGCG but got a bit greedy in the end🤦‍♂️

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Might be over now. Seems to have hit a “bottom”. Can you tell if they’re still issuing new stock this week?

I just check the link that Joey posted further up to see really. I’ll give it a check later and post as I’m curious.

@Joey_Fantana do you know if a statement is typically issued when the issue of new common stock is complete?

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Thanks, found it: London Stock Exchange | London Stock Exchange

They’ve been issuing equity non stop for months. How is the share price ever meant to stabilize? As I understand it, when they issue new shares, the share price tanks.

I don’t know for sure mate, but my presumption would be that anything like that would have to be disclosed (similarly to US companies to the SEC) to the LSE so I’d expect to see it on that link I shared. Although maybe it already has and we’re just not familiar with the wording, or perhaps the filing wording is too generic to differentiate. Not sure.

Any idea why SMT dropped more than 2 % today? :open_mouth:

They were intending to bring it down by about 20% as that was the rough premium it was trading at. Hence the gradual issuing I suspect. Might be regulatory or reputational impact that prevents them from just dumping 20% into the market and causing the price to nose dive.

It’s probably down to the premarket trading, it’s like a red wall currently.

Futures look really ugly as well.

I’ll just keep my eyes peeled for a statement issue with a different tittle to see. I would assume they would have to issue something to note the completion of stock issue.

Guess we’ll have to wait and see.

After the stimulus has been approved? :thinking: I really don’t get the market :sweat_smile:

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With pretty major news the US tends to react to the UK and Europe news, so I dare say it’s all a reaction to that.

It’s what I call a no look day today :man_facepalming:

Probably people “selling the news”? I don’t really understand this phenomenon myself.

I think it’s people over-reacting to the new covid news. Uk’s new strain.
Too much uncertainty, and worry if new strain gets out of hand. a fresh global lockdown like at the start.
But we know it wont happen, hopefully, so today is probably a great buying opportunity.

Exactly. Just don’t let the white noise blow up in your head is the key.

My only concern is the tech stocks still, even without COVID. It all feels abit like the castle in the air theory right now.

Imo stimulus was pretty much priced in. They’ve been ‘close’ to a deal for a good few weeks now and a lot of the details e.g. $600 direct payment, airlines bailout - were already known.

Reaction we are seeing now is panic thanks to europe new covid strain and accompanying shutdowns.

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