Baillie Gifford China Gr... Share Discussion Threads

[ferrox5] 18/4/2024 21:38

She is on the Board. Ex fund manager with abrd

[ali47fish] 18/4/2024 17:49

who is this magdaleine buying here see rns today

[vacendak] 14/4/2024 13:31

I have also watched the video, the one BG sent via email, with Sophie Earnshaw and Linda Lin talking to each other for a quarter of an hour and saying nothing.The Citywire article and its comments summarises the situation pretty well: BG has lost the plot and drinking its own Kool Aid. The "China will be big and open" mantra was all well and good when BGCG was all wild and at 20% premium, but it has been discredited from the moment the ChiCom began turning the screws.
The BG problem is that they are doing even worse than their benchmark and their peers. Not that losing "only" 35% (since Witan Pacific became BGCG) as per Fidelity China Special Situation (the less bad of the China only lot) would have done anybody any good.

[ali47fish] 22/3/2024 17:15

22 march 24
City of London Investment Management Company Limited adds from c 15 to 16pc

[vacendak] 18/1/2024 09:35

Best of luck and I hope you did not invest near the top.

In a way, investing at the current share price could be a good play considering how low it is compared to its past heights. It does not have much left to fall. I just got burnt badly and would rather take my chances elsewhere.

[ali47fish] 18/1/2024 09:29

thanks - very clear for me i remain invested give a few more years

[vacendak] 18/1/2024 09:15

BGCG used to be run by Witan before Baillie Gifford and was called Witan Pacific.
I was holding it for geographic diversification purpose but it was not doing great and indeed was barely matching its Asia inc. Japan benchmark.
Back then the board had been "asking questions" and after a while got fed up and decided to change the manager. Baillie Gifford proposed an all China move.

In all honesty, I did believe the move to be a good idea at the time and rejoiced when the share price shot up like mad (see my posts from a few years back). I still felt a bit guilty about putting my money in a country run by commies but the results were there.

Then it turned sour. My WPC/BGCG investment was going deep into the red, I exited at a loss and now I shamefully try to compensate for it by smirking at the slow but steady train wreck of BGCG.

I see no future investing in China as long as it is Communist. My only indirect holdings there are now through FCIT and UEM.

I have nothing against Baillie Gifford though and hold their USA IT. It is not doing great either but for totally different reasons and it should recover in the near future.

[ali47fish] 17/1/2024 13:50

vacendak i dont undrstand your commwn- please clarify

[vacendak] 17/1/2024 13:15

I remember the days of Witan Pacific (WPC) when we complained that it was a mildly underperforming index hugger.

Definitely no regret taking, already at the time, a big hit, on exiting at 225p.

[ali47fish] 17/10/2023 17:17

director buys!

[ali47fish] 17/8/2023 18:34

Name

City of London Investment Management Company Limited

City and country of registered office (if applicable)

London, UKadds from c 10 to 11pc

[vacendak] 19/7/2023 08:14

Taiwan apart, although I agree 100% on the risk, China already has a very nasty demographic problem. It will be old before it will be rich. It is condemned to be the second world economic power, never to be first.

So all the talks, which I used to believe, from BGCG about all those growth opportunities... well... the share price trajectory says it all.

Still ashamed to have put my money in a Communist regime in the first place. In a way I deserve losing some of it.

[essentialinvestor] 18/7/2023 18:23

If they attack Taiwan then it's 20-30% off overnight. That's the growing risk. When not if.

[ali47fish] 18/7/2023 18:17

City of London Investment Management Company Limited

City and country of registered office (if applicable)

London, UK
adds 5pc- isthis significant

[vacendak] 23/6/2023 13:20

Well, I lost some money when exiting at 225 last year but I do not regret it as I would cry even louder now.

I did wince when it recovered to 300p to be fair.

Zero is the floor when a desperate Xi makes his move on Taiwan.

[quepassa] 09/1/2023 08:14

Hang Seng - best start to a year since 1999 as China reopens.

See today's South China Morning Post article:-

hXXps://www.scmp.com/business/china-business/article/3206055/alibaba-tencent-power-hong-kong-stocks-china-completes-rectification-fintech-business-while

[ali47fish] 11/11/2022 18:01

Rathbone Nominees Limited invests 4.9pc from zero

[vacendak] 11/11/2022 08:26

Be careful of the "closed mind" issue, about reading selective news that reinforce one's views. I had been telling myself "China is too big", "...in the future China... blah blah blah" when BGCG dropped from 600 down to 500. That it was just a correction at the time from the silly 30+% premium it used to be trading at... The ChiComs will drop the zero-COVID idiocy... etc.

Then I sold at 225p.

Lesson learned: If one of my ITs ever goes again to a silly premium (more than 5%) I must sell and ignore greed and momentum. Got burnt pretty bad on this one. :(

[kiwi2007] 10/11/2022 21:46

Covid cases continue to surge in Guangzhou and the daily new case count is approaching the level at which Shanghai shut down earlier this year, when the daily new cases crossed 4000. Beijing cases are also increasing, as are cases in Chongqing. So three of the China's largest and most important cities are now dealing with their worst outbreaks in months. What would happen if all three were locked down hard like Shanghai was, at the same time?

In a somewhat confusing signal, overnight China’s top leaders reinforced the need to stick with the contentious Covid-Zero policy while urging officials to be more targeted with their restrictions so as to avoid damage to the economy. But the very fact they are thinking of the economic consequences will probably cheer local markets when they open later today.

[vacendak] 04/11/2022 11:00

I recently sold on a limit order at 225p, taking my losses and saying goodbye to the ChiComs.
Currently getting teased by my evil conscience as it is now back towards 240p.

Will redeploy towards PE, a sector slightly distressed at the moment, but good long term prospect... and away from China.

Good luck to the remaining holders.

I have just given up on that one and admitted defeat.

[ali47fish] 04/10/2022 08:38

update today- share price responding positively at the moment

[vacendak] 24/6/2022 09:47

He is starting in September, maybe he must buy a minimum as per his contract?

[ali47fish] 23/6/2022 17:08

ned buying