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
  -16.50 -4.08% 388.00 142,849 16:35:02
Bid Price Offer Price High Price Low Price Open Price
388.50 390.00 395.50 387.50 395.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 3.60 2.54 4.48 86.6 241
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 UT 928 388.00 GBX

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Date Time Title Posts
17/11/202112:59Baillie Gifford China Growth Trust plc222

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

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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 404.50p.
Baillie Gifford China Growth Trust Plc has a 4 week average price of 385.50p and a 12 week average price of 363p.
The 1 year high share price is 658p while the 1 year low share price is currently 363p.
There are currently 62,012,982 shares in issue and the average daily traded volume is 124,458 shares. The market capitalisation of Baillie Gifford China Growth Trust Plc is £240,610,370.16.
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. :)
andyj: It was the auction price, there were many prices quoted at the close that did not reflect the last traded price across the market. Opportunities this morning!
jfinvestments: I know China applied to the Pacific trade pact in order to boost their economy. Hang seng had a rebound too. However I presume the price was about it hitting a discount to nav and retail investors buying weren't able to buy much lower than 396p (although I only looked once).It is hard to say if this is the low point, I suspect not. Evergrande issues mean banks are tied up and retail investor panic might continue. Have a look at Ping an charts for 6 months, 12 and 5. It's showing an interesting downtrend since Jan. I think BGCG is about 10% invested in financial, but there is talk of this being a possible crash as a result of Evergrande and how CCP deal with it. Talk is of no bail out. All to be seen.Regular smaller investment through periods of downward volatility has proven a successful strategy for me. So I'm going to continue with that plan for this and FCSS. Even though it's hard to watch them drop from ath.
baldguvnor54: Stock seems trapped trading in a narrow band with a gradual downwards trend. Too much bad news coming out of China- however I really rate the manager- and (perhaps stupidly) am going to hold on for now, but if the price re-tests 400p will be tempted to take my losses and move on and invest elsewhere. Bought in January so this fall hurts! Come on BG, do some magic.
vacendak: htTps://citywire.co.uk/investment-trust-insider/news/dale-nicholls-china-s-special-but-comes-with-political-risk/a1536777 More about the Fidelity trust but with a mention of BGCG. Basically, the managers of China centric ITs tell us to sit tight.
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. htTps://markets.ft.com/data/investment-trust/tearsheet/performance?s=BGCG:LSE It looks as if the FT does "last close & last published NAV", therefore they align the reference dates.
vacendak: Following assiduously: Yes and no. I saw my Witan Pacific holdings transferred to this one, but for ideological reasons I would never have invested in a China only trust. Obviously the early performance gains after the switch forced me to accommodate my greed vs my conscience. I tried to get interested in the holdings at the beginning, then due to lack of time I just lost interest, so now I blindly trust Baillie Gifford to do that for me. I do believe that generic Chinese tech stocks should be a long term bet. Not every "tech" is about Facebook/Twitter or other things that can be censored by the communist regime. Delivering pizzas, online/mail order, retail banking, insurance, B2B IT solutions and the rest need not deal with politics so are less likely to be hit. As for your question: If your time horizon is five, ten years or more, like for everything else with a "growth" tag on it, it is always time to invest, whatever the discount/premium within reasonable limits (less than 5% premium for me). One thing is for sure, the BGCG beast is highly volatile. Going up by 3% right now for instance.
ali47fish: bgcg is now at a small discount- no sure when to add
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. https://citywire.co.uk/investment-trust-insider/news/how-china-s-tech-crackdown-threatens-its-internet-giants/a1515244
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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