Fidelity China Special S... Share Discussion Threads

[tenapen] 24/9/2010 21:44

Do not rise to them !.

Rampers and De-rampers hunt in packs and go as quickly as they arrive. Its a measure of FCSS success that they are here.

[whizzy1] 24/9/2010 16:18

Please dont turn this thread into one of the many war zones on "hear".

[atflores] 24/9/2010 12:48

Your sentence is all but meaningless, and can only serve to draw attention to your failure to master punctuation marks.

[warala] 24/9/2010 12:43

When you have do ray me you dont give a toss if its ioose or lose.

[atflores] 24/9/2010 09:42

'loose' is an adjective, 'lose' is a verb

[warala] 23/9/2010 22:28

Agree with you a great buy at 80p and people will not buy.At 150p by Christmas people will buy.When it fell to 92p that was a good time to buy.But its only the brave who would do that.IF is a great word.At least i held on and was rewarded.Now its 110/111.What do i know.Thats why i invested in Anthony Bolton.I read his case liked what i read.If he gets it right we make money.He gets it wrong we loose money.So far so good.

[barniebear] 23/9/2010 18:46

FIRST STATE GREATER CHINA GROWTH

I bought BIG last year pats back!!

[whizzy1] 23/9/2010 16:46

MM's walked this down in the last few mins.

BTW I read as much as my tiny brain would take on Tony (new name for Mr Bolton) and his trusts, looked fine & dandy to me, just a slow starter but we are in horrendous times guys.

[warala] 23/9/2010 11:40

50% of the Trust is in medium to smaller companies.43% in big companies.Its the 50% that will make the big money and the 43% will give it a balance.An interesting example occurred in the early nineties NOKIA .He was attracted to its electronic division.The rest is history.Big companies CN INSURANCE.Now it has 50,000 agents future 150,000.The big companies will grow but its the smaller companies will make us the money.This is a 10 year stock.
You say Trusts in China have done naff all.Look at FIRST STATE GREATER CHINA GROWTH. July 05/06 +18% 06/07 +52% 07/08 +2% 08/09 +5% 09/10 +35.
It looks to me if you had bought this Trust you would have done all right.
Anthony Bolton will beat them all hands down..He will admit his timing was not perfect.
Could you post up the ETF and its price.It may be good for us all to track it against FCSS.

=

[roman2325] 23/9/2010 10:11

You are all missing the point - he is under-performing.

No one is disputing whether he can make money - no one is disputing whether China is a worthwhile investment - simply whether he will generate returns over and above the index - plus his peers. As it stands - he is not! Plus he is charging ludicrous that no institution was willing to pay - and if you check the RNS's the only person buying the stock was FIL (fidelity) themselves!!

I have previously bought investment trusts focuses on China that have done naff all - I looked at this in February/March but chose to buy an ETF instead which is far superior in my opinion. Look at the list of Boltons biggest holdings - is HSBC, ICBC, China Mobile really a special situation!!!!?

I hasten to add if Bolton produced alpha of 10% in excess of the benchmark I would buy this - but he is not

[warala] 23/9/2010 09:25

Currency news.Will China bow to America.Not a chance.I dont think it will be every man for himself but China will stand up to America,Interesting times.
Peart Well said.Short term forget it.Long term we have a winner.Very interested in the outcome of the currency debate.According to Bolton the currency will gradually increase as their economy grows and her people prosper.Why not join them.

[whizzy1] 23/9/2010 08:46

its ok now but it was a slow starter, NAV is still only 4%ish, just need a bit of form here.

[peart] 22/9/2010 21:47

Bolton is the UK's Warren Buffett. He has done great things and will not be going to Hong Kong just for the money - he has made his money. He wants to do it again in China, and he will be proud of what he has done in the past - he will not want to make a mess of this and will not want to put his name and efforts to something that will go sour in a few years - I think he might stay on a little longer than 2 or 3 years. In any event he is worth backing in my view. In 10 years this fund will make a lot of money.If you're in it for a few months and you need the cash, you're in the wrong game and are just speculating.

[warala] 22/9/2010 16:27

Market dynamics far better.Actually only 2 years.Then who bought the two recent share issues?Did you buy them all at a premium?

[atflores] 22/9/2010 14:29

3 years might be enough. His name was good enough for me.

[roman2325] 22/9/2010 13:03

Warala - this is not the UK special sits fund - the market dynamics are completely different! Why will Nov/Dec be the next leg up? Bolton is only managing this for 3 years before he officially hands it over to somebody else - Fidelity are merely using his name to get the fund up and running (hence NO institutional investors touched it). As ever best of luck to all..

[warala] 22/9/2010 12:54

No.Give it a chance .November/December is the start of the next leg up.His other fund year in year out beat the index.You are paying for the MAN.This is a five year hold.

[roman2325] 22/9/2010 10:18

Not trying to be the uber-bear of the thread yet the NAV is up 4% since inception which has dramatically under-performed the index (and correspondingly my ETF). Once Bolton has taken his monstrous fees out of the pool the stock looks very poor - is anyone bothered by this?

[warala] 21/9/2010 16:29

NAV 104.23P.Onward and upwards.

[masurenguy] 21/9/2010 08:30

Took profits on half my original stake yesterday. Nice return yield after only 5 months.
I plan to hold the balance longer.

[warala] 20/9/2010 19:49

Hope you are right.If we can hit 120p i would be more than happy.Long term the sky is the limit.

[halfpenny] 20/9/2010 12:35

looks like Qtr 4 will result in a £1.28 price and i say £1.35..... nice one for xmas

[warala] 20/9/2010 09:02

Next target 115p.

[warala] 18/9/2010 09:26

Roman2325.
Greek Islander says it all.In five years time you will be well rewarded.A high proportion is in medium to small companies.Watch them go and hold on tight.10% in 5 months is good enough for me.