Latest news with #InvestmentTrust
Yahoo
2 days ago
- Business
- Yahoo
The Trump-Musk spat could have implications for the Scottish Mortgage share price
Since its post-'Liberation Day' low, the Scottish Mortgage Investment Trust (LSE:SMT) share price has recovered 22%. And although it has never quite captured the highs of late 2021, compared to June 2020, it's up 33%. But the trust has stakes in two of Elon Musk's companies — Tesla and Space Exploration Technologies (SpaceX) — that could be affected by Thursday's (5 June) social media spat between the 'first buddy' and President Trump. As the two were publicly trading messages, Tesla's stock tanked 14%. Although the fallout didn't help, I'm sure some of this could have been due to the earlier news that the electric car maker's UK sales were 36% lower in May compared to a year earlier. Okay, the British market accounts for a small proportion of cars sold. But this trend mirrors a similar pattern in other parts of the world. Ironically, it's Musk's close relationship with the US president that's sometimes blamed. At 31 March, Scottish Mortgage's stake in Tesla accounted for 0.8% of the trust's assets. All other things being equal, a 14% fall in the EV maker's stock market valuation would reduce the trust's share price by only 0.11%. More significantly, it has a 7.8% exposure to SpaceX, worth £1.07bn. It's the biggest holding in the trust's portfolio. And Trump's threatened to remove government subsidies and contracts from all of Musk's businesses. Since 2008, the space exploration group has received more than $20bn from NASA and the Department of Defense. But Musk didn't seem too bothered. He posted on X: 'In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately'. Of course, this could all blow over soon. All brothers — that's how one US interviewer recently described their relationship — fall out from time to time. But given the ferocity of the exchanges, it's hard to see how. However, despite Scottish Mortgage's exposure to SpaceX, shareholders don't appear concerned. On the day after the public row, its share price was largely unaffected. But that's one of the advantages of an investment trust. Risk is spread across several businesses, often in different countries and industries. Indeed, Scottish Mortgage has holdings in 95 companies operating in five continents. It seeks only to invest in the world's 'exceptional' growth companies. Currently, the shares trade at a 10% discount to its net asset value (NAV). This implies the trust's undervalued. But it has a large exposure (26.2% of assets) to unquoted companies — including SpaceX — which can be hard to value. If the space group's shares were publicly traded, I'm sure they would have plunged on Thursday. But in the absence of an active market of buyers and sellers, it's difficult to accurately measure their value from one day to the next. Having said that, if SpaceX went out of business tomorrow, over £1bn would be wiped off the trust's asset value. But ignoring Musk's businesses, the trust's impressive track record is one reason for long-term growth investors to consider taking a stake. In the 10 years to 30 April, its share price has increased 260% and its NAV has soared by 318%. It benchmarks its performance against the FTSE All-World Index. Over the same period, this increased by 177%. The post The Trump-Musk spat could have implications for the Scottish Mortgage share price appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Beard has no position in any of the shares mentioned. The Motley Fool UK has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
5 days ago
- Business
- National Post
Choice Properties Real Estate Investment Trust Schedules Second Quarter 2025 Results Release
Article content TORONTO — Choice Properties Real Estate Investment Trust ('Choice Properties' or the 'Trust') (TSX: announced today that it will be reporting second quarter 2025 results on Thursday, July 17, 2025, after-market hours. Article content Management will host a conference call the next day on Friday, July 18, 2025 at 10:00 AM (ET) with a simultaneous audio webcast. To access via teleconference please dial 1 (888) 330-2454 or 1 (240) 789-2714 and enter the event passcode: 4788974. The link to the audio webcast will be available on Article content About Choice Properties Real Estate Investment Trust Article content Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive. Article content We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. Article content Article content Article content Article content Article content Contacts Article content For more information: Article content Article content Erin Johnston Article content Article content Article content
National Post
15-05-2025
- Business
- National Post
Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of May, 2025
Article content Article content TORONTO — Choice Properties Real Estate Investment Trust ('Choice Properties') (TSX: announced today that the trustees of Choice Properties have declared a cash distribution for the month of May, 2025 of $0.064167 per trust unit, representing $0.77 per trust unit on an annualized basis, payable on June 16, 2025 to Unitholders of record at the close of business on May 30, 2025. Article content Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive. Article content We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. Article content Article content Article content Article content Contacts Article content Article content
Scoop
14-05-2025
- Health
- Scoop
Iwi Invest To Build New Masterton Medical Centre
Press Release – Ngati Kahungunu ki Tamaki-nui-a-Rua The new centre will house all services already available to patients including the pharmacy, health coach and health improvement practitioner. Ngāti Kahungunu ki Wairarapa Tāmaki-nui-a-Rua has confirmed its purchase of the old Masterton Hospital site and an agreement with Masterton Medical to build a new medical centre. The healthcare facility will be adjacent to Masterton Medical's current premises, behind Wairarapa Hospital on Te Ore Ore Road in Masterton. Settlement Trust Chair, Paora Ammunson, said the deal has been a long time coming. 'I want to acknowledge our investment team, led by Andrew Watters, who have been working on this purchase for quite some time. 'We're thrilled to now confirm our investment, which will help to uplift the Wairarapa region,' he said. 'Our commercial partnership with Masterton Medical is a build-to-rent agreement, and we will work together to ensure the new building is welcoming to all, fit for purpose and cost-effective.' Trustee and Te Ore Ore Marae hapū karanga representative, Huria Robens, acknowledged the crucial role that mana whenua will play as kaitiaki of the site. 'We will involve mana whenua on appropriate tikanga at each stage of the build,' she said. Masterton Medical is one of the largest medical centres of its kind in New Zealand and has been living in temporary premises since 2014 following a fire at its Lincoln Road base. 'We are so excited to finally be planning our new building,' Masterton Medical General Manager, Robyn Wilson, said. 'It will be purpose-built to facilitate our model of healthcare, which is driven by patient flow and continuity of care.' The new centre will house all services already available to patients including the pharmacy, health coach and health improvement practitioner. Investment Trust Chair, Andrew Watters, confirmed the iwi purchased the 8.7 hectare site from the Crown, and said the medical centre will occupy about one hectare. 'We will be working through how to develop the balance of the land over the coming years,' he said. 'Our decisions are made with careful consideration for the long-term, and all future development will require strong business cases, a solid plan, and tenants that fit within our investment policy, like we have achieved with Masterton Medical.' Wairarapa-based Concept Construction is the lead contractor for the project, and local developer David Borman is providing expertise. The Investment Trust says it will determine further procurement based on supplier diversity and values-alignment. Masterton Medical Board Chairman, Bob Francis, said the partnership with Ngāti Kahungunu ki Wairarapa Tāmaki-nui-a-Rua is a great outcome for both parties. 'We are really excited to firm up a new and permanent home and to do so with local iwi is a tremendous outcome for us all,' Mr Francis said. The timeline for construction of the new medical centre is currently being finalised.
Scoop
14-05-2025
- Health
- Scoop
Iwi Invest To Build New Masterton Medical Centre
Ngāti Kahungunu ki Wairarapa Tāmaki-nui-a-Rua has confirmed its purchase of the old Masterton Hospital site and an agreement with Masterton Medical to build a new medical centre. The healthcare facility will be adjacent to Masterton Medical's current premises, behind Wairarapa Hospital on Te Ore Ore Road in Masterton. Settlement Trust Chair, Paora Ammunson, said the deal has been a long time coming. 'I want to acknowledge our investment team, led by Andrew Watters, who have been working on this purchase for quite some time. 'We're thrilled to now confirm our investment, which will help to uplift the Wairarapa region,' he said. 'Our commercial partnership with Masterton Medical is a build-to-rent agreement, and we will work together to ensure the new building is welcoming to all, fit for purpose and cost-effective.' Trustee and Te Ore Ore Marae hapū karanga representative, Huria Robens, acknowledged the crucial role that mana whenua will play as kaitiaki of the site. 'We will involve mana whenua on appropriate tikanga at each stage of the build,' she said. Masterton Medical is one of the largest medical centres of its kind in New Zealand and has been living in temporary premises since 2014 following a fire at its Lincoln Road base. 'We are so excited to finally be planning our new building,' Masterton Medical General Manager, Robyn Wilson, said. 'It will be purpose-built to facilitate our model of healthcare, which is driven by patient flow and continuity of care.' The new centre will house all services already available to patients including the pharmacy, health coach and health improvement practitioner. Investment Trust Chair, Andrew Watters, confirmed the iwi purchased the 8.7 hectare site from the Crown, and said the medical centre will occupy about one hectare. 'We will be working through how to develop the balance of the land over the coming years,' he said. 'Our decisions are made with careful consideration for the long-term, and all future development will require strong business cases, a solid plan, and tenants that fit within our investment policy, like we have achieved with Masterton Medical.' Wairarapa-based Concept Construction is the lead contractor for the project, and local developer David Borman is providing expertise. The Investment Trust says it will determine further procurement based on supplier diversity and values-alignment. Masterton Medical Board Chairman, Bob Francis, said the partnership with Ngāti Kahungunu ki Wairarapa Tāmaki-nui-a-Rua is a great outcome for both parties. 'We are really excited to firm up a new and permanent home and to do so with local iwi is a tremendous outcome for us all,' Mr Francis said. The timeline for construction of the new medical centre is currently being finalised.
