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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fidelity China Special Situations Plc | LSE:FCSS | London | Ordinary Share | GB00B62Z3C74 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
5.00 | 2.16% | 237.00 | 236.00 | 236.50 | 236.50 | 231.00 | 232.00 | 1,302,873 | 16:35:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 60.91M | 23.29M | 0.0494 | 47.87 | 1.11B |
Date | Subject | Author | Discuss |
---|---|---|---|
04/4/2024 07:26 | FCSS is a mess and Fidelity should Get out of China.....that is what NED would have done!! Go for India and Japan... | halfpenny | |
15/2/2024 08:10 | Big article in Share mag today China could be big this year funds tepid | ch1ck | |
09/2/2024 11:52 | The following article focuses on 2 Investment Trusts Pacific Horizon and Fidelity China Special Situations and the following just relates to the latter. "Gavin Lumsden 8 February 2024 • 6:00am China’s efforts to stabilise its struggling stock market make it a good time to review investment trusts that invest in the country and in the Asia-Pacific region more broadly. The problems of the world’s second-biggest economy, wracked by a property crash and weak consumer confidence following strict lockdowns, have weighed on the shares of London-listed China and Asia funds. Beijing’s announcement that it would “guide” Chinese institutions to buy more shares on its stock market, which in sterling terms has halved in the past three years, saw the Shanghai Stock Exchange index jump by 6pc earlier this week. Shares in London’s four China trusts followed suit, raising the question of whether this could finally be a turning point for funds that have crashed by between 44pc and 71pc in the past three years. These declines have left the trusts’ shares trailing 7pc-9pc below asset value. Although these discounts are not huge, readers should remember that the Chinese shares the trusts own are also depressed. Chinese companies trade at less than 10 times forecast earnings, which is cheaper than their long-term average of 12, and well below the peak of nearly 18. Investors willing to risk further losses in a long-term bet on China’s economic and technological development should ignore the noise around the recent liquidation of Chinese property developer Evergrande and head for Fidelity China Special Situations. With assets of £932m, this trust is already the biggest in its peer group and the easiest to buy and sell, attributes likely to improve further with the imminent merger with £177m rival Abrdn China. Managed by Dale Nicholls, Fidelity China is the best performer in its sub-sector even though the shares have delivered just 0.1pc including dividends over five years. However, in the 10 years Nicholls has run the portfolio, shareholders have received a more impressive 114pc total return, beating the 46.4pc from the MSCI China index. The shares stand on a 6.7pc discount." | pj84 | |
26/1/2024 13:05 | Interesting article on #China stocks #funds #SHARES #investing | knowing | |
10/1/2024 15:41 | Winterflood 2024: Top picks among heavily discounted trusts "Asia Pacific equities There were no changes within this sector, with both Pacific Horizon (PHI) and the China-focused Fidelity China Special Situations (FCSS) trust keeping their place on the buy list." ... "Fidelity China Special Situations manager Dale Nicholls has delivered NAV Total returns of 134% since he took over the fund in 2014 and Bird said the proposed merger with Abrdn China (ACIC) is a ‘representatio | pj84 | |
18/12/2023 11:02 | No specific reference to FCSS in the article but the overall theme is relevant. | pj84 | |
30/8/2023 08:10 | asia.nikkie.com 20/10 share price drifting down dyor | mike24 | |
18/8/2023 14:24 | Tokyo down 2% a recovery will come not just yet 1/9 incredible damage from typhoon 4/9 big share recovery 2.5% in HK c/garden debt reprieve ??? dyor | mike24 | |
03/8/2023 23:44 | Dale Nicholls: It’s time to be more bullish on China The portfolio manager of Fidelity China Special Situations says history tells investors the time to buy a market is when valuations are low and sentiment is negative. Can’t watch now? Read the transcript Dale Nicholls: I guess what we’re trying to show here is looking at China versus other markets and you can just see this swing in performance versus other markets. I guess what it shows is the divergence between markets. China’s performance has really swung. I think what it reflects is just general sentiment. A lot of which is macro-driven. There’s probably a geopolitical element to that as well. China, the sentiment around China really does swing and it doesn’t take long to see that when we look at 2021, 2022 and so far in 2023, you can see where sentiment sits. So, we’re clearly at the negative end of that sentiment spectrum. I think that is actually what makes China most interesting. We’ll talk about things like valuation, but China is very cheap versus history, extremely cheap versus other markets and sentiment is at the negative end, which history teaches us, if we look at this chart, it’s time to actually be more bullish. So, I’m definitely more bullish on the opportunities. I’m finding a lot of value in markets and I’m putting more money to work and that’s reflected in higher gearing that’s coming through in the trust. | pj84 | |
28/7/2023 17:40 | Indeed has been one way traffic for a while, hoping to get above water in next couple of weeks. | boomorboom | |
18/4/2023 13:52 | China economy on the up it said on the news today fingers crossed we will get back up to where we were before. | gipps | |
17/4/2023 14:43 | Back in here for a little toe dip. Let's see how it goes. BOB | boomorboom | |
01/3/2023 20:56 | Now with China NOT improving New LOW BELOW 200 expected then further falls its a mess.. FCSS managers are POOR TO A DISASTER!! | halfpenny | |
01/3/2023 20:01 | It is good when a plan comes together! Big jump today. | investingdad | |
01/3/2023 06:36 | Sentiment is low and US and the media still focused on Chinese politics but some buy signals... Alibaba is now oversold.Manufacturi | investingdad | |
15/2/2023 21:56 | I sold out here. Having held for a long time missed the 100% sell opportunity(thanks Xi). I sold out just under £3.I felt the inflow of money and rapid rise was a tell tale sign to sell. The increasing anti-China rhetoric in the media another. The wider appetite isn't there just yet, though the Chinese government are offering easy loans, so there will hopefully be money to kick start consumer demand.I am watching and may restart a monthly investment here, though I might side with India IGC and wider EM: MMIT. | investingdad | |
30/1/2023 19:51 | Or people taking short term profits? | scobak | |
30/1/2023 19:33 | Looking overbought run too far ahead ? | dolphinite | |
22/1/2023 16:46 | A very interesting time to invest in China once more. Well done all Oct/Nov 2022 bottom pickers! | mrmarmalade | |
11/1/2023 15:24 | Well I too am underwater with these but think the amount of buying recently shows others have faith | gipps | |
10/1/2023 14:25 | Thanks for opening up again China. May be on my way back to recovering some of my losses. I would have thought there may have been some interest as I would appreciate advice. | scobak | |
28/10/2022 09:20 | No as charts not looking good with further falls likely. Support about 175p but too Risky..it’s a mess!! Fidelity should sack manager and stop fund!! It’s more like a lucky dip as the Chinese companies tell fund managers what they want to hear and probably fiddle books and Government change rules too often. Too Risky!! Covid still a major issue!!. The question I have is what do the Chinese know about COVID that western countries are not telling us. China go into Zero policy LOCK DOWN so why do the Jabs not Work!!! | halfpenny |
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