Money Makers

Weekly Investment Trust Podcast with Jonathan Davis (18 Feb 2023)

Feb 18, 2023

41:57

Creator website

Highlights

AI Chapters

Episode notes

Aberdeen Smaller Companies Income, Shire's Board Disclosing

01:33

Home-Read, the Troubled Homeless Accommodation Property Trust

02:36

Is the Dollar a Tailwind or a Headwind?

02:12

Introduction

3min

Home-Read, the Troubled Homeless Accommodation Property Trust

3min

Aberdeen Smaller Companies Income, Shire's Board Disclosing

2min

Investing in the UK Equity Sector

4min

What Was the Biggest Impact on Your Portfolio Last Year?

3min

Are You Not Concerned About More Valuation Contraction?

3min

Do You Think Investors Have Got It Wrong?

2min

Is the World of Zero Interest Rates Coming?

2min

Are You Bracing Yourself for Negative Guidance?

2min

10.

Do You Make Any Mistakes With Your Portfolio?

4min

11.

What Will the World Look Like With Higher Interest Rates?

3min

12.

Is the Dollar a Tailwind or a Headwind?

2min

13.

Is US-Tire Going to Go?

2min

14.

Do You Have Discount Control Policies?

2min

15.

Do You Think the Smithson Methodology Is Properly Understandable by Investors?

2min

16.

What's Your Chief Message to Shareholders?

4min

Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Simon Barnard, manager of the Smithson Investment Trust (SSON). Section Timestamps: 00:28 - This week's guest 01:06 - Who’s coming on in future weeks 01:23 - Money Makers Circle 02:03 - Review of the week 02:45 - Corporate news 07:57 - Results summary 10:24 - Q&A with Simon Barnard 11:19 - The impact of 2022 on the Smithson Investment Trust 14:08 - Core metrics at the end of 2022 17:12 - Have investors got it wrong? 19:14 - The current environment for growth investing 22:06 - Resilience of companies to recession or entrenched inflation 23:49 - Portfolio changes 28:20 - New acquisitions 31:51 - The impact of the dollar 33:13 - The investment trust and share buy backs 35:45 - The fee structure 36:14 - Plans for 2023 37:13 - Understanding the company 39:36 - The core message to shareholders in the trust 41:21 - Close Trusts mentioned (with tickers): BH Macro (BHMG), Home REIT (HOME), Abdrn Smaller Companies Income Trust (ASCI), Shires Income (SHRS), Aquila Energy Efficiency Trust (AEET), Brunner Investment Trust (BUT), Herald Investment Trust (HRI), Riverstone Credit Opportunities Income (RCOI), City of London Investment Trust (CTY), Diverse Income Trust (DIVI), Brown Advisory (BASC). If you enjoy the weekly podcast, you may also find value in joining The Money Makers circle. This is a membership scheme that offers listeners to the podcast an opportunity, in return for a modest monthly or annual subscription, to receive additional premium content, including interviews, performance data, market/portfolio reviews and regular extracts from the editor's notebook. This week, as well as the regular features, the Circle features a profile of the Baillie Gifford Japan Trust (BGFD). For more information about the Money Makers circle, please visit money-makers.co/membership-join. Membership helps to cover the cost of producing the weekly investment trust podcast, which will continue to be free. We are very grateful for your continued support and the enthusiastic response to our over 140 podcasts since launch. You can find more information, including relevant disclosures, at www.money-makers.co. Please note that this podcast is provided for educational purposes only and nothing you hear should be considered as investment advice. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk. Produced by Ben Gamblin.