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
  1.00 0.2% 492.00 203,273 16:35:29
Bid Price Offer Price High Price Low Price Open Price
486.50 495.50 497.00 486.50 494.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.07 4.89 7.15 68.8 286
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:29 UT 146 492.00 GBX

Baillie Gifford China Gr... (BGCG) Latest News (2)

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Date Time Title Posts
01/4/202118:23Baillie Gifford China Growth Trust plc168

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

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-09 15:35:29492.00146718.32UT
2021-04-09 15:29:33491.7948236.06O
2021-04-09 15:28:30495.507363,646.88AT
2021-04-09 15:21:16487.505902,876.25AT
2021-04-09 15:21:02495.50839.64O
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Baillie Gifford China Gr... (BGCG) Top Chat Posts

Baillie Gifford China Gr... Daily Update: Baillie Gifford China Growth Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BGCG. The last closing price for Baillie Gifford China Gr... was 491p.
Baillie Gifford China Growth Trust Plc has a 4 week average price of 449p and a 12 week average price of 444p.
The 1 year high share price is 658p while the 1 year low share price is currently 393p.
There are currently 58,118,831 shares in issue and the average daily traded volume is 276,777 shares. The market capitalisation of Baillie Gifford China Growth Trust Plc is £285,944,648.52.
dragonsteeth: 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: JAGI 12m premium 1% BGCG 12m premium 11.5% Not forgetting it hit a crazy 30%.
andyj: 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%
vacendak: hTtps:// This should help the company grow by a fifth over the next year, if the market is still hungry for it. Assuming the money buys already held stock without need for more research, the costs should go down, improving things even more. Despite a sharpish drop in NAV over the past few days, the premium is still well above 10%, so serious leeway to offload the remaining treasury shares.
vacendak: hTtps:// A couple of days old because caught from an end of weeks news recap email. The article states the facts right, but the author should read about BGCG before writing anything like "BGCG performance over one year". BGCG was WPC a year ago...
stockstockham: NAV 547p from yesterday's 535p. To get back to 30% premium - and it was over that previously - would be share price of 711p, not including any further NAV rise to be reported tomorrow. More share issuance is coming, but haven't even seen a date for a shareholder vote on it yet. £7 seems at least a target, even if a gutsy one. NAV performance has been exemplary.
jockthescot75: Afternoon all. Just looking at this. I assume at the current share price of £5.15, it's trading at a c. 14% premium to the last announced NAV on 31st Dec? thanks Jock
ali47fish: vacendak and andy-in plain english this share is volatile- does the share price to come down further to then benefit from a discount and are the managers fulfilling their promise! would appreciate your comments
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.
vacendak: I have recently poured a bit of money on USA, another Baillie Gifford growth fund, at a 7% premium. I am still uncomfortable having paid more for something than it was worth. Yet, I am already comfortably in the black. Now, BGCG was at 17.7% premium at close yesterday. I think it is Lindsell Train that trades at 50+% premium, or was relatively recently. There were rumours the managers were even telling people not to buy! So, BGCG could potentially trade at a sillier premium. Hence buying now could be a "bargain" compared to a 30% premium in a few months. After today's dump, they still have about 34% of the shares held in treasury, due to the exit offered to WPC shareholders and the stash from WPC. They are offloading this at prices above NAV, so pure cash. This cash in turn seem to be well invested as the NAV does tick-up nicely too. The market cap can grow nicely without much cost. Offloading treasury shares is less costly than issuing new ones via placements. As long as they do not run out of ideas for investing, growing the trust is good news and will carry on magnifying the gains. The good thing about WPC was that it was not geared. BGCG has therefore no gearing and, again as long as they can offload treasury shares, there is not need for that. So, it all looks good right now... still 17.7% is pretty silly! :)
Baillie Gifford China Gr... share price data is direct from the London Stock Exchange
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