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BGCG Baillie Gifford China Growth Trust Plc

-2.00 (-0.98%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Baillie Gifford China Growth Trust Plc LSE:BGCG London Ordinary Share GB0003656021 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -0.98% 203.00 49,597 15:54:34
Bid Price Offer Price High Price Low Price Open Price
202.00 204.00 204.00 203.00 204.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -9.97M -12.55M -0.2023 -10.03 125.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:16 UT 1,379 203.00 GBX

Baillie Gifford China Gr... (BGCG) Latest News (1)

Baillie Gifford China Gr... (BGCG) Discussions and Chat

Baillie Gifford China Gr... Forums and Chat

Date Time Title Posts
07/11/202308:12Baillie Gifford China Growth Trust plc260

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Baillie Gifford China Gr... (BGCG) Most Recent Trades

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Baillie Gifford China Gr... (BGCG) Top Chat Posts

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Posted at 03/12/2023 08:20 by Baillie Gifford China Gr... Daily Update
Baillie Gifford China Growth Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker BGCG. The last closing price for Baillie Gifford China Gr... was 205p.
Baillie Gifford China Gr... currently has 62,012,982 shares in issue. The market capitalisation of Baillie Gifford China Gr... is £125,886,353.
Baillie Gifford China Gr... has a price to earnings ratio (PE ratio) of -10.03.
This morning BGCG shares opened at 204p
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", " 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
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. :)
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.
Posted at 11/11/2021 09:49 by vacendak
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. :)
Posted at 28/7/2021 19:48 by vacendak
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.
Posted at 05/6/2021 14:30 by brucek1812
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.
Posted at 20/11/2020 18:24 by ali47fish
ivenever heard of an investment being shorted- dont knowhattomake of this- why doesnt the board take action to moderate the premium?

Trust Watch: ‘Eye-watering’ China Growth attracts short-seller; Peel Hunt bargains
By Gavin Lumsden 20 Nov, 2020 at 17:52
Metage shorts China Growth

This week in a break with tradition we start with the expensive table where there are several interesting stories.

Baillie Gifford China Growth (BGCG) remains a stock to watch - if not to buy - with its shares reverting to a 34% premium over net asset value, double what it was last week, a level that Peel Hunt analysts called ‘eye-watering’ and earned it a high 4.9 Z-score to put it at the top our list.

Data from the Financial Conduct Authority shows that Metage Capital, the multi-asset investor that has backed the board of Gabelli Value Plus (GVP) in its attempt to wind up against the opposition of its largest shareholder, has taken a short position in BGCG shares, hoping to profit if the share price bubble bursts.

According to the FCA, on 5 November Metage raised its bearish position in the trust from 0.8% to 1.15%. The bet against the share price has had little effect so far with the shares soaring to a 33% premium to NAV on 9 November. As I reported last week, this prompted analysts at JPMorgan Cazenove, the trust’s broker, to cut their recommendation from ‘overweight217; to ‘neutral’; and flag up Fidelity China Special Situations as a cheaper alternative. The shares - up over 55% in the past three months after Baillie Gifford took over what was formerly Witan Pacific - have been volatile this week dropping to an 11% premium, only to return to 34% at yesterday’s close. They have tumbled 7% today, underlining Baillie Gifford’s own discreet caution on its website that ‘shares bought at a high premium to net asset value can quickly lose substantial value if the premium is eroded.’

The spike in the share price comes as Baillie Gifford has promoted the trust’s relaunch to investors, including an online event this month with Citywire. Interestingly, the trust appears to have paused the issuance of new shares which might have fed investor demand and moderated the premium. It last issued shares a week ago despite having over 16m left in treasury to sell if it wished to. By yesterday the red-hot stock had posted a one week gain of 15% (see third side), although they have tumbled 7% today.
Baillie Gifford China Gr... share price data is direct from the London Stock Exchange

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