dragonsteeth ,
thanks for comments and it is following chinese market down today although NAV just reported a nice increase as at 22nd ! |
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 |
And a change in presidency in US isn't doing any harm either. |
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. |
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 ) . |
Fcss buys via HK exchange too , 42% per Trustnet.. |
Doesn't FCSS invest in HANG SENG shares/? |
why you mention Hong Kong ? |
HK did 2.7% though.. highest since may 2019 according to Bloomberg |
same thing today and a bit illogical as pound stronger against chinese currency - expect the unexpected I guess ! |
even though chinese indices did nothing - a bit hard to figure ! |
took off today though to a new ATH . |
It was followed by a question mark. As in that's a mad idea but not my money.I can't help anyone who wants better than the numbers FCSS is producing in the time frame it has done it in. |
"For shorter term higher gains sell out and look elsewhere?"
Difficult to find better shorter term gains elsewhere in a trust than here. |
chart still looking good dyor
19/11 China pledges to open its super-sized economy
the RECEP negotiations began in 2012 and signed off last sunday,
to form the world's largest trading block, the deal excludes the US
who pulled out of the Trans Pacific partnership,
nai |
surprisingly up today as chinese indices came off sharply after a good rally . |
great looking chart and now a NOR situation. The chinese 50 index rising again today but a slight concern is that FCSS is not trading at a discount to NAV but this can happen in some Trusts . |
not reacting again but maybe sterling has risen against chinese currency ? ! |
It's gone up £1 since this date last year. That's not too bad. 30%+ rise ? And only got to about £1.80 in March. Depends what you are looking for but this is a ten year investment. For shorter term higher gains sell out and look elsewhere? |
FCSS again not reacting to big move in china indices ! better to trade the index I guess wth CFD contracts . |
chinese indices up about 2% since Uk close on tuesday and was hoping FCSS might hit about 305 today but seems unlikely . I suppose the FX movement has a bearing and maybe chinese currency is weaker against sterling |
.. possibly just the discount control buybacks ? [edit] ah no, confusing this with FAS. |
old thread ? what are you on about ? funny goings on today with FCSS as almost half a million bid at 308.5 with just 2 buyers ! must be confident nobody will hit them |
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