Fidelity China Special S... Share Discussion Threads

[halfpenny] 24/2/2011 11:31

Hey guys, just buy buy buy at these nice low levels.....only way is up

[gbb483] 24/2/2011 10:23

Seeing as the new issue is bringing in new money, it's not a one for three dilution, it's expansion. Any dilution is just 1/1.05 due to the price difference (further minimised by the ratio of existing stock to new stock, your 1 to 3, which makes it 1/1.01666).

All who applied got all they asked for (not mentioned in the RNS) - so the underwriters had some mopping up to do.

[whizzy1] 24/2/2011 08:21

Shocking chart! I'll come back in mid 90's ish.

[roman2325] 23/2/2011 12:23

Shocking NAV..

HSBC (who've got a fair few corp clients in the region) have said stay away from China until the end of 2011 - can't see any reason what so ever to buy this for the next few months

[hectorp] 23/2/2011 10:20

The one for three dilution alone puts me off this now having not been holding.
I would want to reconsider an entry only back under a pound. China is having a few difficulties and I'd not be surprised to see this at 80p or less in 6 months.

[hectorp] 17/2/2011 08:27

Lots of disgruntled posters / investors here.
This is where ADVFN threads can gives valuable guidance by reading them compared to someone going to a broker and being advised ' you should hold 8% in China, we have this excellent Fund".

[gbb483] 14/2/2011 18:13

No, it's just the dead cat you've got in there.

[bigwilly1986] 14/2/2011 16:07

There must be a glitch with my computer - the share price appears to be going up!

[roman2325] 13/2/2011 18:35

See Daily Telegraph article yesterday headlined "Anthony Bolton - I'm not a China Expert"...

[whizzy1] 11/2/2011 15:05

Eat humble pie A.B.
His greed has led to this, would love to read a journo's op at the mo.

[smicker] 11/2/2011 12:11

Does the drop in NAV help in any way to reduce the price new investors will pay?

[roman2325] 11/2/2011 11:27

NAV in the 102's!!!!

Still trading at a huge premium to the sector - Fidelity sales team have got their work cut out with this..

[dr contrarian] 11/2/2011 11:17

PMHL is a chinese play with a far better risk reward ratio.

[markycrispy] 11/2/2011 11:15

Well not what iwas hoping for - Long term this has to be a winner even at this level

[woodpecker25] 10/2/2011 16:01

Agreed, Fidelity have thrown their full marketing machine at this, which suggests that the insti's aren't all over this.

I believe this is Fidelity's last chance to benefit from the "Bolton" factor before he retires, and they are trying to milk it for all it's worth.

I don't think I'll be rushing back into any Fidelity funds in the near future.

[roman2325] 10/2/2011 14:57

Add to that a shocking NAV today and with the Hang Seng down 2% over night this has got a lot further to fall..

[roman2325] 10/2/2011 14:54

Smicker - there is NO institutional demand for this. There never has been. It was too expensive from the outset and no fund manager would buy those on such a ludicrous premium - it's only the private investors who've gone crazy simply because it's got Bolton's name on it

[smicker] 10/2/2011 14:27

If there is such strong institutional demand why are they wasting money advertising on the fool site? Something stinks here.

[madengland] 10/2/2011 13:44

I got out to. Let all the premium dissappear, let the chinese cool inflation and a discount appear. Then buy

[atflores] 10/2/2011 12:44

Why did Fidelity want to stop the rise of this SP?

If this dilution is followed by a pause in Chinese share price growth in general, it will be particularly painful.

[edwardt] 10/2/2011 08:29

the only winner is fidelity, a performance fee if they lose less than the index does not inspire faith as a long term hold. His special sits fund would have not turned 1k into 147k if it had the same charging structure = more like 14k!

[hectorp] 09/2/2011 11:07

I sold at 123p. I did not appreciate Mr Bolton's C share wheeze either. The China market looks weak, though there could be value in holding for a rising Yuan exposure.
I've not bought back even though the RSI is on the floor!
-
He only holds gold, which I strongly agree with, ( and silver should be there too in spades) thinks the tops are in for other commodities. He has failed to see the full picture which surprises me.

It is not simply the US versus China for me. The enormity of printing paper so called QE, might be balanced by falling demand in 'The West' for goods as the materials they are made of, rise in costs of production, though of course, the cost of a good is only a small part of its commodity input cost.
There are the BRIC countries and the other ex-emergers, which are to an extent like China growing their working and middle class consumers rapidly. More rapidly than unemployment rises ( numerically) in the USA.
Most investors think that the US is a central worry in that it could induce deflation of commodity prices. But thats also because most pundits and reporters, are basically US-centric. This is a mistake.
The rise in Malaysian and Indonesian, Vietnamese and similar region town dwelling wage and salary earners earning over lets say $10,000 USD equiv a year is much much greater in 2010 for example than the number of US unemployed who have lost jobs since start of 2010. They are almost a drop in the world's oceans. Clearly so in B R I and C.
So I sense Mr Bolton will be proven wrong with : copper, zinc, iron, steel, and the softs. He is on board with gold, he might have missed out considering Plat and Pal, and the rare earths.

[whizzy1] 08/2/2011 22:23

And this Gem.........unbelievable what AB is saying given that he is trying to raise more cash, what?.... buy gold instead of your hand picked stocks AB?

"Commodities enthusiasts are investing five years too late, according to legendary fund manager Anthony Bolton" (Jan)

Interested to see NAV on 28th though.