Fidelity China Special S... Share Discussion Threads

[rocketblast] 10/1/2011 09:43

i agree its a great option at £1 and once settled we will see these rise to a nice level say £1.42. Only a fool would not take up the offer and yes try to get more in the pot which will be at worst case market price but maybe just above £1.

only wish i could buy more......

[warala] 09/1/2011 17:29

topvest.Thanks for your reply.It seems that existing shareholders will be guaranteed 1 for 3 at a £1.00.The other 2/3 will be available to anyone who applies at the £1.00 also.Existing shareholders can also apply for the other 2/3 but with no guaranteed.Is that right?Would be interested if any existing shareholders on this site will be taking up their rights.The Directors etc will be taking up their rights.With the shares at around £1.18 and the c share at £1.00 it seems likely to fall to its nav of about £1.14.It seems to me that is the objective of the c shares.Would be grateful of other opinions.

[topvest] 08/1/2011 17:58

They are not at a discount as they are C shares not ordinary shares.

[warala] 08/1/2011 09:43

Looks like a C share can be bought for £1.00.A good discount.I think once this offer is up and away we will see the share price gradually rise.Looking for £1.50 in say 6/12 months.Hope it is better but 50% profit in two years is not at all bad.Time will tell.

[warala] 07/1/2011 12:36

Thanks smicker

[smicker] 07/1/2011 11:41

Tonsil, have a look at PMG to see the kinds of premiums investors are willing to pay for future growth ahead of assets.

Thought we would have had some news by now

Proposed Timetable*

30 December 2010 Record date for participation in open offer

7 January 2011 Prospectus publication date; open offer and offer for
subscription open

11 February 2011 General meeting of the shareholders to approve the proposals;

15 February 2011 latest date for receipt of applications under open offer and
offer for subscription

18 February 2011 Board meeting to agree allotment of C shares

18 February 2011 Announcement of results of the open offer, offer for
subscription and placing

25 February 2011 C share admission to LSE

28 February 2011 C shares convert into new ordinary shares

* Subject to approval by the UK Listing Authority

[warala] 06/1/2011 15:25

Thanks smicker.tonsil time will tell.Patience is all that is needed.

[tonsil] 06/1/2011 15:11

why pay a premium to invest at a risky time?

this is the alternative kind of investment trust - invest and get less than you paid for!

[smicker] 06/1/2011 14:08

News tomorrow on this

[warala] 06/1/2011 12:41

NAV up again.Maybe steady progress from here and maybe a new high in prospect.Im in for 5/10 years but it would be nice to get a further run.Awaiting this share issue.

[tenapen] 29/12/2010 20:20

And manager of Fidelity's China Special Situations Anthony Bolton remains, of course, positive.

"The Chinese economy has not been slowing down as fast as earlier expected and this will probably now happen in 2011. However, I continue to believe that the growth rate in China will still be very attractive relative to the growth rates being seen in the developed world."

And so, the investor is still left twisting in the wind; on the one had emerging markets offer unprecedented and ever-increasing growth, the likes of which will never be seen again in the west, on the other hand, a bubble could be forming.

[markycrispy] 16/12/2010 10:28

I think for those who have studyed Mr Bolts strategy it is not to invest in the Exports but look at the companies who will supply the 2Billion people coming in to the middle classes over the next 10 years or so. All will need washing machines,mobile phones...etc

I'm invested for the long term

[madengland] 10/12/2010 15:10

Will do when I get a mo. Thanks

[roman2325] 10/12/2010 15:01

Madengland: I tend to agree with you although let me know what you make of the follwoing interview:

[madengland] 10/12/2010 14:57

Great long term hold imo

[roman2325] 09/12/2010 11:57

SP trading at 122 yet NAV of 111 (which will come down tomorrow) and C-share in the offing....this is going lower

[woodpecker25] 02/12/2010 09:24

It's wanting to move north again.... only the NAV is holding it back!!

[smicker] 28/11/2010 18:38

Bit more on allocation

[roman2325] 23/11/2010 10:54

Agreed - there's a lot more than meets the eye regarding China at the moment

[andyh21] 23/11/2010 09:10

A very interesting article, thanks for posting it roman. I do feel very sorry for the small business owner, must be very frustrating to have such volatile macro actions impacting your business to such an extent!

[roman2325] 23/11/2010 07:25

This is going down

[andyh21] 22/11/2010 11:08

aha!! I like your thinking then Whizzy ;)

[roman2325] 19/11/2010 14:35

Structurally they have to raise rates to and I agree that China strengthening their own economy can in turn only be good for global growth. Short-term pain for long-term gain blah blah

Not massively bearish on anything at the moment - this was simply a special situation. I'm long a couple of small-caps and US big-caps but see a lot of sectors simply drifting for a while so not confident enough to place any big bets