Fidelity China Special S... Share Discussion Threads

[hawaly] 23/7/2021 23:15

Education companies rumoured to be made to adopt non profit status. You live and learn.... GLA 😎

[joy division still] 23/7/2021 19:44

I notice my Reverse Midas Touch again. Just brought in at 415 a few weeks ago.

[jfinvestments] 08/6/2021 10:43

4.68p dividend.

[mike24] 29/4/2021 08:36

18/5 FCSS looking good value now nai

[jfinvestments] 25/2/2021 20:56

There's been exponential increase in equity values across the markets. There will be a correction of sorts at some point. Tomorrow could be tough. I agree there is growth in China. Hence holding FCSS and other China focused funds. Baillie Gifford fomo caused much of that increase given the poor performance of the trust at that point. Although the fund managers are great at BGCG.

[deadly] 25/2/2021 14:20

The past wide discount was when there were doubts over growth. If you think the Chinese economy is not growing strongly still then wait for 10% discount. I think it'll do well this year and there'll be little discount, and even a premium for this trust which has done so well over the years. After all it is a much better trust than BGCG which is on a 10% premium!

[arja] 24/2/2021 12:33

some recovery today and I am sorry I missed it for a day trade as focused on VMUK and then SMT . Try to stick to OAAT policy as it pays handsome dividends IF I stick to it !!Sometimes I do NOT !

[jfinvestments] 23/2/2021 21:47

Personally , I don't see -6% discount to be a buy opportunity. Average is -9.6% over the last 12 months. Considering that once meant 2.20 per share for many months, this has hit it's short term peak I think. I like the trust and will buy again but closer to ten % discount would be an ideal price for me. Hopefully I'm wrong and it is straight back to 500p. That was clearly a medium term sell off target for many investors.

[deadly] 23/2/2021 21:25

over 6% drop for no reason after being up first thing. NAV not changed much, now on a discount

[davidro77] 23/2/2021 15:21

Really? It appears to be in free fall and there will be a lot of investors looking to lock in some gains now the top is in. It is still way way up I am looking for a mini bounce to top slice here not buy more

[deadly] 23/2/2021 11:49

Good time to top up at 437p

[jfinvestments] 18/2/2021 13:01

Asian tech sell off.

[bartyb] 18/2/2021 11:30

Can anyone say why the fall when NAV was slightly up

[arja] 09/2/2021 16:16

fair points scobak . I notice that today it is trading at a small premium nd hence why is coming off a bit towards the close even though chinese indices up again today

[scobak] 08/2/2021 17:58

There is no premium either. As long as NAV goes upwards then all fine. The fall when it happens will be a general fall for all things South East Asia and not just FCSS. Just keep watching.

[arja] 08/2/2021 10:18

not sure about that as it depends on how the NAV performs but it is a concern that there is hardly any discount to NAV . But chinese index keeps hitting all time highs as do US indices with russel 2000 the best performer by far

[halfpenny] 08/2/2021 10:06

FCSS IS NOW TOO TOPPY SO PULLBACK DUE SOON.

[arja] 26/1/2021 09:58

dragonsteeth , thanks for comments and it is following chinese market down today although NAV just reported a nice increase as at 22nd !

[davvero] 20/1/2021 19:09

Let's hope Mr Ma keeps hiding and only popping out every now and then to boost BABA share price ... USA is now more open with China... FCSS should really do well this first quarter... And if the USA delisted China companies are re-listed again we're going sky-high

[scobak] 20/1/2021 18:17

And a change in presidency in US isn't doing any harm either.

[dragonsteeth] 20/1/2021 09:48

arja, all the China focussed ITs will have got a boost from their Alibaba holdings whose share price rose about 8% following an appearance of founder Jack Ma. It’s hard to determine what’s going on in China but even the merest hint that the government is not cracking down so hard on the likes of Alibaba/ Tencent can boost the market. Equally it can fall hard the other way at short notice.

[arja] 20/1/2021 09:06

now trading at a premium to NAV and am kicking myself for exiting z few days ago . does not make much sense but markets are markets ! ( wry smile ) .

[hutch_pod] 19/1/2021 16:06

Fcss buys via HK exchange too , 42% per Trustnet..

[davvero] 19/1/2021 14:02

Doesn't FCSS invest in HANG SENG shares/?

[arja] 19/1/2021 13:15

why you mention Hong Kong ?