arja, i never short |
qvg ,
and sadly chinese indices tanked again overnight and index now 14930 . Did you manage to short it too and make a useful profit ? I rarely short but this is a no brainer for a short term short ! |
500p was the mid target I advised for a friend. I think there is still potential here longer term and I considered topping up today. However I see 320-340p being my buy target. |
arja, yes to your last sentence. I have just sold out, at least preserve some of last year's profit |
Not from today. |
Is there any good news for this share coming because I am under water with currently. |
The so called climate change could do more economic damage than Covid
nai |
article in the Daily Mail ( obnoxious right wing rag ! ) about Chine clamping down on internet companies and reason for steep fall on friday and now at about 8% discount to NAV . Chartwise it looks bad and seems likely to fall further in short term sadly .
But might have a little bounce on monday I guess . But China A50 index in downtrend and could fall about another 1400 until support level . |
Education companies rumoured to be made to adopt non profit status.
You live and learn....
GLA 😎 |
I notice my Reverse Midas Touch again. Just brought in at 415 a few weeks ago. |
4.68p dividend. |
FCSS looking good value now
nai |
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. |
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! |
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 ! |
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. |
over 6% drop for no reason after being up first thing. NAV not changed much, now on a discount |
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 |
Good time to top up at 437p |
Asian tech sell off. |
Can anyone say why the fall when NAV was slightly up |
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 |
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. |
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 |
FCSS IS NOW TOO TOPPY SO PULLBACK DUE SOON. |
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