Baillie Gifford China Gr... Share Discussion Threads

[jfinvestments] 15/3/2022 19:26

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.

[vacendak] 15/3/2022 12:14

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.

[vacendak] 01/3/2022 11:56

Where has the Baillie Gifford magic gone? :(

[vacendak] 05/1/2022 13:42

Still sinking.

I guess the news of the ChiComs turning entire cities into detention camps does not inspire market confidence.

[brucek1812] 30/12/2021 18:17

Nice bump today - fingers crossed sentiment turns here. Some interesting companies in this stable, including CATL.

[ali47fish] 17/11/2021 12:59

is anyone adding as a good entry here with a small discount

[vacendak] 11/11/2021 09:49

We switched from WPC (Witan Pacific) to BGCG at 399p.
Glad to be back over 400p.

Now if it could go back to gaining 5% per session like in the "good old days", things would be perfect. :)

[arja] 08/10/2021 15:52

trades on a very low discount to NAV but performed better than FCSS today which I traded for a modest profit . But chinese indices MAY have turned and more to go in
this bounce

[vacendak] 30/9/2021 11:52

Has it found its floor and slowly rebounding?
Or are we in for another -20p in the days to come?

[Edit] Still sinking.

[jfinvestments] 21/9/2021 17:28

I agree, I think the IT sector has taken some big hits but will continue to grow. Maybe a better possibility of some smaller companies growing too. However construction and retail could hit insurance and banking depending on loans/leverage which could impact on wider spending etc. However this is more 2008 thinking - worst case scenario. And in this case it isn't US, response won't be the same given policy of CCP. I still think the 6 month dip in China stocks alongside most miners falling is interesting. Was it over hyped/gains too good to be true, or was it smart money leaving as the bubble has already burst?I continue to be long on China. Just a very, very interesting time in China: for example BlackRock just opened a Billion dollar fund there?!

[jfinvestments] 20/9/2021 20:40

Yes - I wouldn't think it is over just yet either. Let's see if this causes a collapse in the wider construction and property sectors in China. There are other Evergrandes out there. I don't think this a short term profit maker. Too many uncertainties and volatility to predict. I will be adding when nav discount is attractive. Same for FCSS.

[vacendak] 20/9/2021 15:56

Another deep dive today. :(

[andyj] 20/9/2021 08:15

It was the auction price, there were many prices quoted at the close that did not reflect the last traded price across the market. Opportunities this morning!

[vacendak] 20/9/2021 08:00

+21 followed by -29 at opening this morning. This looks like a bad fat finger error on Friday afternoon and, sadly, followed by a very rapid correction.

[jfinvestments] 18/9/2021 07:50

I know China applied to the Pacific trade pact in order to boost their economy. Hang seng had a rebound too. However I presume the price was about it hitting a discount to nav and retail investors buying weren't able to buy much lower than 396p (although I only looked once).It is hard to say if this is the low point, I suspect not. Evergrande issues mean banks are tied up and retail investor panic might continue. Have a look at Ping an charts for 6 months, 12 and 5. It's showing an interesting downtrend since Jan. I think BGCG is about 10% invested in financial, but there is talk of this being a possible crash as a result of Evergrande and how CCP deal with it. Talk is of no bail out. All to be seen.Regular smaller investment through periods of downward volatility has proven a successful strategy for me. So I'm going to continue with that plan for this and FCSS. Even though it's hard to watch them drop from ath.

[vacendak] 17/9/2021 16:00

Has it hit bottom and about to surge back up?
No news I can think of to justify jumping by +21p just before close.

There must have been something.

[jfinvestments] 15/9/2021 18:04

The second biggest economy in the world will continue to make money. Some interesting thoughts here:https://www.cnbc.com/amp/2021/09/15/west-shouldnt-misinterpret-beijings-regulations-ex-google-china-exec.html?__twitter_impression=true

[vacendak] 15/9/2021 13:03

I am sitting tight but am also beginning to have cold sweats and pining for the good old days of boring but steady Witan Pacific! :(

Also, I agree that a few RNS from the managers would not be amiss.

[baldguvnor54] 15/9/2021 08:59

The stock has fallen so far that I am almost minded to buy more. Part of the reason is real- the bad news coming out of China, part is sentiment- an over-reaction to the bad news coming out of China.
I do think the managers could do a better job communicating their thoughts, particularly after the recent precipitous decline- but I still trust them as competent managers with a good track record.
Anyway, to buy or not to buy, that is the question

[ali47fish] 14/9/2021 13:09

it is at a very small discount ? when shall we add?

[brucek1812] 17/8/2021 12:11

Honestly? Will take 5+ years here so you have to forget about the share price it will recover - unless of course there is a major political event. Hang on and wait for the BG team to diversify into domestic high growth companies. No quick buck here IMHO.

[vacendak] 17/8/2021 10:49

I found this over the weekend:
An update for Schroder ISF Asian Total Return


It is by no means a "China only" fund, but there is a good analysis of the recent hiccups.

That being said, I am considering exiting at some point in the near future after a decent recovery.

[baldguvnor54] 17/8/2021 09:29

Stock seems trapped trading in a narrow band with a gradual downwards trend. Too much bad news coming out of China- however I really rate the manager- and (perhaps stupidly) am going to hold on for now, but if the price re-tests 400p will be tempted to take my losses and move on and invest elsewhere. Bought in January so this fall hurts! Come on BG, do some magic.