Fidelity Asian Values Share Price (FAS)

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Share Name Share Symbol Market Type Share ISIN Share Description
Fidelity Asian Values Plc LSE:FAS London Ordinary Share GB0003322319 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
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  2.00 0.38% 528.00 66,585 16:35:25
Bid Price Offer Price High Price Low Price Open Price
524.00 530.00 522.00 522.00 522.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 10.84 7.52 9.20 57.4 386
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:25 UT 276 528.00 GBX
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Scottish Mortgage Invest... (SMT), M&g (MNG), Auctus Growth (AUCT), Energiser Investments (ENGI)

Fidelity Asian Values (FAS) Latest News (1)

Fidelity Asian Values News

Date Time Source Headline
03/2/202307:24UKREGFidelity AsianValues Net Asset Value(s)
02/2/202307:00UKREGFidelity AsianValues Net Asset Value(s)
01/2/202313:54UKREGFidelity AsianValues Total Voting Rights
01/2/202307:00UKREGFidelity AsianValues Net Asset Value(s)
31/1/202307:00UKREGFidelity AsianValues Net Asset Value(s)
30/1/202315:21UKREGFidelity AsianValues Monthly Summary
30/1/202307:06UKREGFidelity AsianValues Net Asset Value(s)
27/1/202307:00UKREGFidelity AsianValues Net Asset Value(s)
26/1/202307:00UKREGFidelity AsianValues Net Asset Value(s)
25/1/202307:00UKREGFidelity AsianValues Net Asset Value(s)
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Fidelity Asian Values Investors    Fidelity Asian Values Takeover Rumours

Fidelity Asian Values (FAS) Discussions and Chat

Fidelity Asian Values Forums and Chat

Date Time Title Posts
13/10/202009:34FIDELITY ASIAN TRUST AND WARRANTS60
10/10/201810:04FIDELITY ASIAN VALUES PLC30

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Fidelity Asian Values (FAS) Top Chat Posts

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Posted at 04/2/2023 08:20 by Fidelity Asian Values Daily Update
Fidelity Asian Values Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker FAS. The last closing price for Fidelity Asian Values was 526p.
Fidelity Asian Values Plc has a 4 week average price of 514p and a 12 week average price of 451p.
The 1 year high share price is 534p while the 1 year low share price is currently 407p.
There are currently 73,178,879 shares in issue and the average daily traded volume is 132,356 shares. The market capitalisation of Fidelity Asian Values Plc is £386,384,481.12.
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Posted at 19/11/2019 13:28 by davvero
@Ken..."FAS poor share price could be because of imminent expiry of the sub shares.".... Not convinced at all by that.. the share price down trend started on 1st August... This Bajaj Manager went head over hill in his change from large to small companies, throwing caution to the wind, a mistake one associates with investor beginners who know very little about markets... and he was full aware of the situation of small companies - or he should have een - as he also runs a small fund company, which now mirrors FAS hxxps://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000NF9S..... so he knew very well what small companies in India (at least his choices of them) were not doing all that good
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Posted at 19/11/2019 12:23 by kenmitch
FAS poor share price could be because of imminent expiry of the sub shares.

IF these finish in the money and assuming a lot of lapsed sub shares exercised by the trustee, that means dilution on the downside, but also a lot of extra cash on the upside.

More likely is that the subs will end up worthless, with lapsed subs not exercised.
Have a hunch that if that happens share could have useful short term bounce early next month.

btw......the subs were great fun earlier, as long as holders got out in time. I’m very sorry that warrants and sub shares have almost disappeared. They were a great way of getting big profits for modest and even small stakes.
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Posted at 19/11/2019 09:39 by davvero
Yes, of course FAS looks like a great opportunity for buyers... the problem is for previous holders... since the 1st August this year the trend has been down...

@Cord... thnaks for the article... Nothing wrong with the manager's policy in buying out of favour stock and switching from large to small companies... But it looks to me he has rushed too fast in that direction... His timing was very much too early and too substantial... He should have proceeded with much more caution and in smaller doses... he is guilty of impatience. What's right to do does not necessarily means you got to do it there and then in one go....
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Posted at 18/11/2019 22:52 by steve3sandal
Bought back in to FAS today for all the reasons in 49 above. My free subscription shares will likely expire worthless but I did have a cheeky trade over the past 3 years. Hopefully things will eventually settle down in the region and after all it is the area where most people live. Out of favour is usually a good place to start IMO.
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Posted at 07/11/2019 13:13 by davvero
@shield....what I find very mysterious I could not uncover any logical reason for the share staying as it is... yes, there is the problem of tariffs, but the tariffs are not aimed directly at FAS! surely... Tariffs do not affect the other trusts in the sector no way near FAS... How is that? I know you can't explain - so the question remains open -
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Posted at 07/11/2019 11:48 by davvero
can anyone explain why the share price is not moving up?... A mistery to me, with china and india indices both moving up, yet Fas goes down....
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Posted at 20/7/2018 16:57 by the oak tree
Hi Matchmade, think you have the wrong thread. This is FAS not FASS.
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Posted at 03/4/2017 19:48 by kenmitch
I've invested in warrants since their heyday in the 1980s and 1990s when there were hundreds of them, and also posted on them mainly on Mike Walters subscription website. The following might help.

1. Warrants and subscription shares are identical except in name. Warrants can't go in to ISAs but subscription shares can.

2. I've rarely exercised a warrant or sub share early. i.e if bullish on the underlying investment it's usually best just to hold the warrant in preference to the share as upside is so much larger. So a much smaller stake can give a much higher reward.

e.g If FAS can go to £5 (i.e share price rise by around 25%) by final expiry in autumn 2019 then FASS are going to be worth north of £1. That's nearly 3 times the current FASS price.

So £1000 invested in FASS if that target share price is reached will give £2000 profit.

£5000 invested in the share will give only a £1250 profit.

So far more profit for far lower outlay and only £1000 risked instead of £5000,. Leaves the other £4k for other investments.

So why exercise on the earlier exercise dates in 2017 and 2018?

£5 share price target by late 2019 might be too ambitious. Depends on markets between now and then. otoh the share has risen over 70p since last December. In unlikely event of current pace of gains continuing FASS would multi bag.

Once thinking the share is likely to fall just sell out of FASS just the same as if holding the share. BUT since there are very few warrants and sub shares left now, it's best to sell on an up day or no change day for the share price. You'll get a better price then and often inside the spread. It can be hard to sell in size on a down day.

I hold FASS (only a modest profit so far) and also UEMS (which also looks good and is a quality Trust investing mainly in Emerging Markets Utilities) and the risky short dated PCFS (Polar Finance sub shares). UEMS is even better value than FASS and is trading at a small discount. See posts on ADVFN UEM thread for more on that one.
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Posted at 23/3/2017 00:03 by cordwainer
nimbo I'm also new to subscription shares in the same way and I agree with your example; but for precision I'd say that in order for a buyer of FASS to see an immediate paper benefit on conversion, FAS would need to be at least 404.75p ON THE LAST BUSINESS DAY OF NOVEMBER 2017 (or 2018 or 2019 at higher prices), + add on a small premium to cover any dealing costs of buying FASS in the first place + not sure but, probably add some other estimable premium to account for the dilution effect of conversion.

but of course all you and I need to bother about (existing FAS holders given FASS at issue)is that FAS > 370.75 for conversion in 2017, or > 381.75 (2018) or > 392.75 (2019)

Maybe even if FAS were to be a tad less than 404.75p some FASS buyers may think it still worth converting because: after the first conversion date the time risk of holding FASS bounces back up and therefore puts downward pressure on FASS; and FAS pays a modest dividend and isn't time limited while aiming for capital appreciation anyway and 5 times less leveraged.

Of course someone could also potentially gain or lose by selling FASS (anytime before end Nov 2019) instead of exercising/converting it.
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Posted at 14/12/2016 22:37 by cordwainer
Appeared by the 12th Dec on Fidelity Fundsnetwork. Obviously out-of-the-money and very illiquid right now but you'll need to be quite pessimistic if you can't see the FAS share price making at least 11 / 12 / 17%+ within the next 1 / 2 / 3 years. Surely being overweight India can't be bad beyond the postnatal blues of demonetisation & GST ?
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