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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Baillie Gifford China Growth Trust Plc | BGCG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -4.00 | -1.49% | 264.00 | 10:45:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 265.00 | 264.00 | 265.00 | 268.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 03/04/2024 | Final | GBP | 0.02 | 20/06/2024 | 21/06/2024 | 24/07/2024 |
| 05/04/2023 | Final | GBP | 0.017 | 22/06/2023 | 23/06/2023 | 26/07/2023 |
| 06/04/2022 | Final | GBP | 0.046 | 23/06/2022 | 24/06/2022 | 27/07/2022 |
| 13/10/2021 | Interim | GBP | 0.0255 | 21/10/2021 | 22/10/2021 | 12/11/2021 |
| 27/04/2021 | Final | GBP | 0.046 | 24/06/2021 | 25/06/2021 | 23/07/2021 |
| 07/05/2020 | Final | GBP | 0.046 | 11/06/2020 | 12/06/2020 | 03/07/2020 |
| Top Posts |
|---|
Posted at 17/11/2024 12:59 by ali47fish has anyone seen the tender offer published recently- does anyon know how this works and is it worth to participate?Baillie Gifford China Growth Trust PLC (BGCG) Legal Entity Identifier 213800KOK5G3XYI7ZX18 Conditional Tender Offer of up to 100% Introduced The Board of Baillie Gifford China Growth Trust plc (the "Company" or "BGCG") announces the introduction of a performance related tender offer (the "Conditional Tender Offer") following an internal review and after discussion with the Company's largest shareholders. In the event that the Company's net asset value total return does not exceed the benchmark total return (MSCI China All Shares index in sterling terms) over the period beginning from the NAV announcement in relation to 29 November 2024 to the NAV announcement in relation to 30 November 2028, then the Conditional Tender Offer will be held as soon as practicable thereafter. The Board believes that a Conditional Tender Offer in December 2028 will allow the Company and Baillie Gifford & Co, its Manager, appropriate time to outperform against its benchmark and in the event it does not, to offer shareholders a liquidity event. The Conditional Tender Offer, if implemented, will be for 100% of the issued share capital of the Company. The Conditional Tender Offer will be priced close to the prevailing net asset value at the time of repurchase (adjusted for the costs associated with the tender offer). The Board has an active liquidity management policy, the primary purpose of which is to reduce discount volatility. Buying shares at a discount also results in an enhancement to the NAV per share. The introduction of the Conditional Tender Offer will not change the Board's current approach to discount management. Chair Nick Pink said "The Board believes the introduction of the Conditional Tender Offer is to the benefit of all shareholders. Over 4 years shareholders will receive either outperformance relative to the benchmark or an opportunity to redeem 100% of their holding at close to NAV/share. For investors in China equities, the Board believes the Company offers a differentiated growth strategy. The Board is committed to using all the benefits of the closed end company structure where they enhance shareholder value, measured using the Company's KPIs. The announcement of the Conditional Tender Offer therefore adds to the existing liquidity policy to buy-back shares, the use of prudent gearing, the ability to own private investments and competitive costs, principally via a tiered management fee. Together we believe these features distinguish BGCG from its peers". For further information please contact: William Simmonds, J.P. Morgan Cazenove Tel: 020 3493 8000 Naomi Cherry, Baillie Gifford & Co Tel: 0131 275 2000 |
Posted at 14/4/2024 12:31 by vacendak 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. |
Posted at 18/1/2024 09:15 by vacendak 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. |
Posted at 19/7/2023 07:14 by vacendak 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. |
Posted at 11/11/2022 08:26 by vacendak 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. :( |
Posted at 08/6/2022 09:23 by vacendak True, but I feel like it is 1936 and I am investing in Germany.I bet the returns and the prospects for investment growth were great by then too. My conscience was telling me to sell around 500p back in the early days of BGCG but my greed got the better of me. |
Posted at 08/6/2022 08:35 by vacendak I have to give it to the Communists.They decide "Everything is fine, go back to work" and it just happens. Still looking forward to exiting BGCG once it has recovered sufficiently though. |
Posted at 08/4/2022 09:28 by vacendak @JFAgreed on Baillie Gifford, as for China, I am not so sure it has the same future as we believed it had about a year ago. Some are saying the last fever, when BGCG was rising fast, sounded a lot like Japan in the late 80s. Extravagance then decades of stagnation. Still not selling now, it should bounce back to 450p after their bout of COVID. I mean the BGCG AR does make good points, sure they excuse thenselves a lot, but they still have sound arguments. Staying on for at least the last divi they how me from the WPC days... I know this is a stupid thing to say. :) |
Posted at 15/3/2022 19:26 by jfinvestments I think we all were a bit greedy, the only BG trust I sold was PHI at £9 or so. I expected this to bounce back from 400 to 500, but trends in Chinese data do not look healthy. I'm hoping they move away from Russia support and get some stability into their own market, however the real estate sector doesn't look in a great place still, could be the trigger. Hitting lows like today, you would hope they at least rose their dividend payments. Or at least I'm sure some shareholders will miss that at least from what the trust was. |
Posted at 15/3/2022 12:14 by vacendak To think than less than fourteen months ago BGCG was at 640p, on the way to 700p at some stupid 30+% premium... and now I am hoping that 200p will be a floor.Still believing the "5 year horizon" b*ll*cks from Baillie Gifford, so still holding, but also having cold sweats. That shall teach me for having been greedy fourteen months ago. |
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