Schiehallion share price falls 28% despite year-on-year losses narrowing

Two additional investments

Baillie Gifford’s Schiehallion investment trust has recorded a share price decline of 28.3% over the six months to 31 July 2023, despite the vehicle’s losses shrinking compared to H1 2022.

According to its half-year report, the trust lost $46.9m on investments for the six months to 31 July 2023, compared to recorded losses of $209.3m for the same period in 2022. Despite this, ordinary shares dwindled to 66 cents, down from a 92 cents share price at the end of January, with the trust's discount widening to 39.9%. Quilter Cheviot calls for overhaul of investment trust sector governance C shares in the vehicle performed better, down 19.4% over H1, although the discount to net asset value deepened to 50.4%. This is despite total losses of $49.7m attributable to ordina...