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Scottish Mortgage carries out more than double its five-year share buyback average in 2024
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This was almost threefold the five-year average level of share buybacks carried out by the company between 2019 and 2023, according to recent data from the £13.3bn investment trust giant. In 2021, the trust set a record for buybacks, repurchasing nearly £467.6m of its own shares while also issuing £525.6m during the same period. SMT's Stewart Heggie: 'How long do you let the discount go on without taking concerted action?' Earlier this year, Scottish Mortgage made at least £1bn available to buy back its shares in an effort to narrow its then widening discount. The £1bn package w...
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