Baillie Gifford China Gr... Share Discussion Threads

[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 07:38

update today- share price responding positively at the moment

[vacendak] 24/6/2022 08:47

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

[ali47fish] 23/6/2022 16:08

ned buying

[vacendak] 08/6/2022 09:23

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.

[ali47fish] 08/6/2022 08:55

many research articles say in spite of the volatily and the politics china remains one of the best investments long term

[vacendak] 08/6/2022 08:35

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.

[vacendak] 06/6/2022 08:09

"Hope springs eternal"

Let's appear cautiously optimistic and see this latest correction as "Not losing as much money as two weeks ago". :)

[ali47fish] 06/6/2022 08:01

is ths really the bottom anybody's guess1

[vacendak] 02/5/2022 17:37

Hoping they are right.

[vacendak] 29/4/2022 09:08

And another bout of positive volatility today.

Refusing to sell at a loss and succumbing to human psychological bias could counter-intuitively be more beneficial in the longer run than usually told.

[topvest] 09/4/2022 15:53

This would have performed better with Witan still managing it over the last year. With the benefit of hindsight, there are 2 or 3 trusts that unwisely (in my view) threw in the towel on value strategies and moved to a Baillie Gifford growth strategy, just as the BG performance was about to peak. I suspect the board feel a bit stupid now!

Its interesting isn't it...... on Far East and China stock (excluding the developed market of Japan) market performance. 2000-2015 or so - great returns for everyone. Last 10 years, poor performance and returns. My Far East investment trusts have generally not performed that well over a period of c10 years which is surprising. Has a bit of a Japan look and feel to it?

Maybe the US will be in for a difficult few years now as well given its stellar run of late, and given the never ending march to US technology stocks.

Maybe the UK, Europe and even South America are the places to be again!

[vacendak] 08/4/2022 09:28

@JF
Agreed 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. :)

[jfinvestments] 07/4/2022 22:15

I'm not sure you can blame this on an investment house? Have you seen the actions of the Chinese government and how China property is teetering on the edge?

[topvest] 06/4/2022 19:16

Well what a dreadful performance here since Baillie Gifford took over. Relieved that I sold 2/3rds of mine for nearly £6. Should have sold them all!
Didn't quite push the button on Keystone unfortunately though.
The Baillie Gifford bubble is well and truly burst.

[ali47fish] 06/4/2022 07:30

rns update out

[jfinvestments] 16/3/2022 20:15

Stimulus and bail outs of a property giant seem to have given the market confidence. It needed promptly. 400-500 seems a long way off however, but I'm holding out for now.

[vacendak] 16/3/2022 18:33

And +12.11% by close of play. Now that is volatility in the right direction. :)