Scottish Mortgage Investment Trust (SMT) plans a £1bn share buyback over two years to boost share price and reduce discount.
Scottish Mortgage Investment Trust (SMT) plans a £1bn buyback over the next two years as its share price trades at a 15% discount to net asset value. The £1bn buyback aims to boost the share price by reducing the number of shares and increasing earnings per share. Despite concerns about whether it will reduce the current discount, some investors find the Scottish Mortgage discount tempting for long-term holdings.
March 15, 2024
8 Articles