2024-03-19 03:10:36 ET
Summary
- Scottish Mortgage Investment Trust's share price has increased by 27% since last year.
- The trust plans to make £1 billion available for share buybacks over the next few years.
- The trust's decision to focus on share buybacks raises questions about its future investment opportunities and growth strategy.
Investment trust Scottish Mortgage ( OTCPK:STMZF ) has seen a turnaround in its share price fortunes since I last wrote. Since I last covered the name in my "buy" piece from last April, the shares are up 27%....
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Scottish Mortgage: Still Cheap, But A Shift In Gear