Baillie Gifford China Gr... Share Discussion Threads

[vacendak] 03/8/2021 16:18

Refloating slowly.
A percent at 430p is indeed far less than a percent at 600p like in February.

[vacendak] 01/8/2021 09:14

More about the Fidelity trust but with a mention of BGCG.
Basically, the managers of China centric ITs tell us to sit tight.

[jfinvestments] 29/7/2021 06:32

Asian markets looking good nearing to the close. I think this could trend upwards again today.

[vacendak] 28/7/2021 19:48

Do it yourself is the easiest answer:

discount = (sp-NAV)/NAV

Now, the published NAV is always one working day late.
So you may:
* Calculate the discount as it was at yesterday's close with yesterday's NAV.
* Calculate the discount "live" with the latest published NAV.

If you are really, really, really obsessed with precision, follow the top ten holdings on the Chinese markets live, put the share prices in Sterling. This is your approximate "live" NAV, you can get the weights from the latest factsheet.

See how much, as a proportion, the "top 10 NAV" differed from the values at close over the past few days, this will give you a good idea for a correcting multiplier.
Then follow your discount live by multiplying your "top 10 live NAV" by your correcting factor and use the live share price.

Use Data|Stocks in Excel for live feeds to set-up a quick spreadsheet to do the above calculations.

...or go to the Financial Times or similar websites and use their approximate live discounts.


It looks as if the FT does "last close & last published NAV", therefore they align the reference dates.

[ali47fish] 28/7/2021 16:36

where can i find the correct premium/discount- has naybody a reliable source please!

[vacendak] 27/7/2021 16:07

Another 7% slap in the face today, that thing used to float my portfolio now it is a lead balloon! :(

Oh well "five or more years horizon" as Baillie Gifford say.

[contrarian joe] 27/7/2021 15:25

So tempting to go all in with this sell of,have decided to start scaling in with HMCH,JCGI,looking to buy these along with FCSS a bit lower if they get there!!.Feels like capitulation with heavy volume.Might look back in a few months & say what a fool should of listened to Mr market, then i have Mr Buffett telling me to be greedy when everyone's fearful.

[jfinvestments] 27/7/2021 09:30

I also added again at 409p. Could go under 400p, but they will be doing everything they can to avoid.

[andyj] 27/7/2021 08:56

Could not resist buying here at 4.09

[vacendak] 27/7/2021 08:43

There is blood in the streets for ITs either specialising in China or China heavy.
Most Emerging Markets funds are also hit as China still counts as one.

The ChiCos cannot afford seeing all that capital leave the country, that would mean less bribes for the party. They will have to reassure the markets soon.

[jfinvestments] 26/7/2021 16:03

I have to say, I have bought in again. I like the managers (See great work with PHI). There might be some sideways movement for the interim, however I can see this back at 500p soon enough. Regardless of trading reaction to policy, it is early days still for the manager.

[vacendak] 26/7/2021 14:36

Yikes!
This is some serious drop.

[vacendak] 23/7/2021 13:00

Similar problem, though it never went to 30% premium, with AJOT, a Japan focused IT.
Very average to disappointing performance since the beginning but... always at a premium.
In this case it is likely that people are buying the brand first, Baillie Gifford, and the trust second.

[ali47fish] 23/7/2021 12:53

i cant believe this is still on a premium while the share price is tumbling- what's the problem from anyone hwo understands these matters please!

[vacendak] 09/7/2021 08:00

2% at close yesterday to the latest published NAV, i.e. two days ago.

One has to be quick to be genuinely buying at a discount though as this usually trades at a premium.

[daler1966] 09/7/2021 07:40

What's is the discount ?

[montynj] 09/7/2021 07:29

Switched from the oeic into this this morning...discount too tempting to overlook

[vacendak] 28/6/2021 15:26

A video update from earlier this month.
The talk is dealing only with the holdings. There are neither comments on the period of silly premium nor mentions of the share issuance/re-issuance from treasury.

[ali47fish] 25/6/2021 11:57

back to premium nav and in no time to add- investment trusts are difficult to forecast from a retail investor perspective! frustrating!

[brucek1812] 25/6/2021 09:58

It's moving...

[ali47fish] 23/6/2021 11:47

very balanced view- i'll keep holding and move when the news flow warrant it - many thanks

[ali47fish] 23/6/2021 08:41

vacendak you seem to be following this assiduously- is is time to add here or do do you think the discount might increase

[vacendak] 23/6/2021 08:14

@Brucek
Interesting read indeed.
After all the excitement and 30+% premium of not so long ago, "tech in China" should indeed be a long play.

[ali47fish] 23/6/2021 07:25

bgcg is now at a small discount- no sure when to add