Fidelity China Special S... Share Discussion Threads

[andyj] 31/1/2020 03:17

Now is most definitely not the time to be investing in China. Even the most optimistic forecast is controlling the virus in the next three months. When the rate of infections slows you can expect a relief rally, followed by the grim realisation that this was caused by one original infection and that it could begin spreading again until a vaccine is produced en masse. There will be an opportunity to buy but that time is not now.

[galaxy enforcer] 28/1/2020 11:12

I was actually expecting a much larger drop in the NAV from yesterdays market close however this was not the case. If "Corona" is contained quickly then this may represent a good opportunity at current price.

[cordwainer] 27/1/2020 16:15

and i got out completely at £2.375 on thursday 23rd Jan. Seemed clear to me, there was bound to be further reaction to coronavirus.

[andyj] 26/1/2020 12:55

I took profits at the same price. I agree but this virus could destroy the Chinese economy in the short term.

[its the oxman] 17/1/2020 10:27

Took a few profits 250p. Probably wrong thing to do as looking out 5 years this will undoubtedly be a lot higher.

[shieldbug] 27/11/2019 12:10

NAV where it was in May 2017. According to Dale Nicholls "Looking across valuations within the portfolio overall, we are back to levels last seen after the sharp A-share driven correction in 2015, which was an opportune entry point for investors."

[its the oxman] 31/10/2019 19:20

Added at 207p , not sure when this will push higher and yes it could go lower but valuations are certainly not stretched.

[andyj] 10/8/2019 06:21

You got your wish! I am waiting for sub 200, but fine if it does not go there.

[its the oxman] 02/8/2019 08:57

Up and down at the whim of Trumps tweets re China and tariffs.Tempted to add if we go much under 220p.

[its the oxman] 05/3/2019 13:58

235p, better

[its the oxman] 04/3/2019 09:18

Chart has a nice double bottom in place now over last 6 months, not sure what that means for the future though. But if Mr Trump can agree a trade deal i hope to see a steady climb.

[shiv1986] 26/2/2019 09:25

See the latest ADVFN twitter poll about Funds: https://twitter.com/advfn/status/1100297573917736961

[its the oxman] 25/2/2019 09:25

Better 225p, plenty to go yet, still dreaming of a break through 300p one day.

[its the oxman] 01/2/2019 15:04

Bloody awful. Just getting back over 200p. In for the long haul here. Will move sharp when it does though. Buy buy buy.

[shavian] 04/12/2018 07:37

Benn adding a few of these over the past month. Not like me to start at the bottom! :0)

[nimbo1] 08/10/2018 08:01

where is the bottom here? markets feel like a slow motion car crash at the moment but it doesn't yet feel like we are anywhere near capitulation stage. I want to buy these in my sipp but sat on my hands at the moment.

[cordwainer] 21/8/2018 13:59

In my view the unreduced tencent positioning was a management misstep given the increased regulatory and competitive threats, but i guess there would have been some profit taking on the way up just to maintain the similar weighting. Guessing range bound below 245p until Q4 on largely indirect effects of politics / sentiment. Top up below 225p seems very reasonable.

[its the oxman] 16/8/2018 07:46

300p seems a long way off now, added today 218p

[its the oxman] 07/6/2018 08:46

Be nice if the share price can get to 300p as well this year.

[its the oxman] 22/5/2018 06:54

Nav all time high c.300p

[lance corporal winstanley ash] 10/5/2018 11:25

nav creeping up again

[cordwainer] 16/4/2018 16:31

Not sinking, but correcting along with equities in general since January, so far. For starters, Alibaba and Tencent are both down 15% over the past month and together make up around 25% of the fund. They are the main reason I trimmed my FCSS holding in December on valuation concerns, although I'm not sure whether at least part of these holdings are via the NYSE ADR's but they got hit by recent tech sector sentiment just the same I suppose. No doubt the manager will say these stocks are all about the longer term growth story. OTOH, we have a discount of around 12%, and a larger portion of presumably hand-picked smaller companies less exposed to global market trading.

[its the oxman] 16/4/2018 08:52

229p is this ship sinking?

[cordwainer] 18/3/2018 17:30

NAV retesting high point at 291p but discount slightly more than 1-yr average. New Chinese central bank governor to be chosen tomorrow.