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BGCG Baillie Gifford China Growth Trust Plc

240.00
-13.00 (-5.14%)
08 Oct 2024 - 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
  -13.00 -5.14% 240.00 602,752 16:35:24
Bid Price Offer Price High Price Low Price Open Price
236.00 240.00 242.00 230.00 242.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -80.9M -83.18M -1.3413 -1.77 156.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:24 UT 56 240.00 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
05/10/202410:11Baillie Gifford China Growth Trust plc275

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

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:24240.0056134.40UT
15:25:51238.72167398.66O
15:21:19240.00100240.00O
15:09:09239.056191,479.73O
15:08:50238.001,7004,046.00AT

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

Top Posts
Posted at 08/10/2024 09:20 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 253p.
Baillie Gifford China Gr... currently has 62,012,982 shares in issue. The market capitalisation of Baillie Gifford China Gr... is £147,590,897.
Baillie Gifford China Gr... has a price to earnings ratio (PE ratio) of -1.77.
This morning BGCG shares opened at 242p
Posted at 05/10/2024 10:11 by sutherlh
A long way from its peak of over 600 in the early 20s. I bought around 385 a couple of years ago when I thought it was unloved. Kept it however as speed of decline caught me out. Current plan plan is to get out if it gets anywhere near my purchase price depending on chart performance. Any thoughts? H
Posted at 14/4/2024 13:31 by vacendak
I have also watched the video, the one BG sent via email, with Sophie Earnshaw and Linda Lin talking to each other for a quarter of an hour and saying nothing.The Citywire article and its comments summarises the situation pretty well: BG has lost the plot and drinking its own Kool Aid. The "China will be big and open" mantra was all well and good when BGCG was all wild and at 20% premium, but it has been discredited from the moment the ChiCom began turning the screws.
The BG problem is that they are doing even worse than their benchmark and their peers. Not that losing "only" 35% (since Witan Pacific became BGCG) as per Fidelity China Special Situation (the less bad of the China only lot) would have done anybody any good.
Posted at 18/1/2024 09:15 by vacendak
BGCG used to be run by Witan before Baillie Gifford and was called Witan Pacific.
I was holding it for geographic diversification purpose but it was not doing great and indeed was barely matching its Asia inc. Japan benchmark.
Back then the board had been "asking questions" and after a while got fed up and decided to change the manager. Baillie Gifford proposed an all China move.

In all honesty, I did believe the move to be a good idea at the time and rejoiced when the share price shot up like mad (see my posts from a few years back). I still felt a bit guilty about putting my money in a country run by commies but the results were there.

Then it turned sour. My WPC/BGCG investment was going deep into the red, I exited at a loss and now I shamefully try to compensate for it by smirking at the slow but steady train wreck of BGCG.

I see no future investing in China as long as it is Communist. My only indirect holdings there are now through FCIT and UEM.

I have nothing against Baillie Gifford though and hold their USA IT. It is not doing great either but for totally different reasons and it should recover in the near future.
Posted at 19/7/2023 08:14 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", "...in 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 10:23 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 09:35 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 10:28 by vacendak
@JF
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 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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