Share Name Share Symbol Market Type Share ISIN Share Description
Baillie Gifford Shin Nippon Plc LSE:BGS London Ordinary Share GB00BFXYH242 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.22% 229.00 227.00 227.50 229.50 227.00 228.50 1,119,833 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.0 1.4 0.3 817.9 685

Baillie Gifford Shin Nip... Share Discussion Threads

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The time may now have come. Nick Glydon (the chartist in the Sunday Business) reckons the Japanese bear market is over - the Topix and the Second Section index have both cleared resistance points and leading stocks are breaking out on huge volumes. Also the yen is rising, which makes Japanese assets worth more in sterling terms. However, the Nikkei is struggling to get past 12000 (although it's not a very representative index). Also, analysts have wrongly called the bottom on the Japanese market even more times than they have on the Nasdaq, and that's saying something! I've just bought some FLMJ in my one of my ISAs, which is on a discount of 13.9%. (BGS is now on 14.8). I didn't consider BGS as I don't like buying trusts which have warrants outstanding (although it's always possible to buy the warrants, if you can handle the extra risk from the gearing). Also, FLMJ is one of the largest investment trusts around, so is more likely to appeal to institutional investors looking to play the Japanese market, hence more scope for reduction in the discount. I'm not saying that the Japanese economy is out of the woods - it isn't. Domestic demand is almost non-existent and there's still no sign of economic reforms, but exporters and technology companies will benefit from the pick-up in world trade, and any fund manager worth his salt will be heavily overweight in those areas. This is not a "buy and hold for 10 years and quintuple your money without much effort" situation - more a case of slowly feeding money in and keeping a close eye on it. Just my opinions, do your own research, etc etc.
Anybody else think that the Japanese Mkt. is getting cheap? We are about to test 12,800 Low. If the Nikkei 225 falls below that, then it will mean a new post-bubble low for the index. I understand that the Jap. govt. is now looking for ways to bring new investors into the market to prevent a sell-off going into the end of the Jap. fiscal year at 31 March. BGS may be a way to play a recovery. But perhaps not just yet. BGS has a 20.6% discount to NAV, the largest for any Japan-related Investment Trust. It is a member of the "20% Club"!
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