Baillie Gifford China Gr... Share Discussion Threads

[brucek1812] 22/6/2021 19:00

This is well worth a read. https://citywire.co.uk/investment-trust-insider/news/david-stevenson-chinese-tech-stocks-a-great-contrarian-play/a1521938?ref=investment-trust-insider-latest-news-list

[vacendak] 07/6/2021 08:29

Another Citywire article that pours some cold water on BGCG.



As for "flopping", everything is relative. The plans were indeed drawn during the silly season of 30+% premium and executed after the "back to value" rally, hence the difficulties. Still, the sale was at a premium.

I am still convinced that the fund is still too small for its ambitions, so am in favour of expanding the capital as this will lower the relative costs in the long run.

Still winning compared to what Witan Pacific was doing, so still holding.

[brucek1812] 05/6/2021 14:30

Interesting citywire piece here in China tech sector - more glass half full on Tencent and Alibaba (based on corrections to share price) but importantly also comments on other exciting mid cap tech companies like Yonyou (a BGCG portfolio investment). Sophie Earnshaw quoted. https://citywire.co.uk/investment-trust-insider/news/how-china-s-tech-crackdown-threatens-its-internet-giants/a1515244

[craftyale] 02/6/2021 05:48

Seems your post was well timed. I am also a holder and have been watching the holdings recently. Yesterday seemed like a turning point, I'd like to see over £5 before Friday.

[brucek1812] 13/5/2021 17:21

Feeling quite optimistic about the future here - think BGCG has bottomed out and with fundraising and "law of big numbers" in China, the future looks bright. Volatility still ahead though...

[jfinvestments] 10/5/2021 20:57

Just buy them now after today's drop, surely that's about the same price as the offer?

[ali47fish] 09/5/2021 17:48

please can someone answer my question at 169

[ali47fish] 05/5/2021 06:32

do retail shareholders participate here- and isi t a good move

[brucek1812] 01/4/2021 17:23

Tide beginning to turn here perhaps?

[ali47fish] 25/3/2021 18:22

heavy fall today is that anything to do with sanctions against china etc!

[vacendak] 19/3/2021 17:14

The factsheet for February has been uploaded.
This is the placeholder link from the website, so if you wait too long you will get the one for March. :)

The BG websites are annoying, they do not have an archive for the factsheets.

[oakridge] 07/3/2021 12:28

Slightly off topic folks but a Baillie Gifford fund are the largest shareholder (20%) of Valeura Energy (VLU) and "remain supportive" according to the CEO.

VLU currently trades at a discount to cash (they have a lot of cash) but are on the brink of M&A activity. One to watch imo. ADYOR.

[andyj] 06/3/2021 01:34

Good point. JAGI has been one of the cornerstones of my portfolio for many years. A good dividend, steady growth and no price shocks! The coronavirus excepted...

[dragonsteeth] 05/3/2021 16:28

andyj, the difference with JAGI of course is that it “only” has 40% invested in China. JCGI , the China focussed IT has fallen by a similar amount to BGCG give or take a bit.

[spectoacc] 05/3/2021 13:46

Yesterday's: 469p. Guessing under 460p now, but who knows come Monday. Edit - going for sub-450 for today's.

[vacendak] 05/3/2021 12:04

Yep, a silly premium acts as huge leverage on the way down.
Cannot blame Baillie Gifford on that one, they told people a few months back to be wary when buying at a premium.

As stated, I came in as WPC and significant discount, still way-up from the old days' expectations, i.e. drawing a straight line from a year ago to today's share price is still quite nice.

[spectoacc] 05/3/2021 09:54

JAGI 12m premium 1%
BGCG 12m premium 11.5%

Not forgetting it hit a crazy 30%.

[andyj] 05/3/2021 09:49

Interesting to compare with JAGI who have 14% in Alibaba and Tencent. Since 14/2 JAGI have fallen from 5.40 to 5.10, around 5.5%BGCG have fallen from 6.20 to 4.85 around 22%

[spectoacc] 05/3/2021 09:42

Yes, but yesterday's was for the day before, and today's will be for yesterday. Been some decent drops the past 48hrs.

We'll know if you're right at Monday's NAV, tho the fact it's very likely still at a premium will be shown if they issue shares.

[andyj] 05/3/2021 09:37

Most recent NAV from yesterday is 4.92, they have not published the NAV today yet.

[vacendak] 05/3/2021 09:36

It was about 3% at close last night with the 03/03/2021 NAV
Wih today's drop, it is now even closer to 0%.

[ali47fish] 05/3/2021 09:25

andy how do you work that out the ft sight say a premium of 10.35pc

[spectoacc] 05/3/2021 08:50

Over 20% is Tencent & Alibaba, got to be confident there's no bubble bursting.

[andyj] 05/3/2021 08:49

Finally down to NAV, I'm in.