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Share Name Share Symbol Market Type Share ISIN Share Description
Fidelity China Special Situations Plc LSE:FCSS London Ordinary Share GB00B62Z3C74 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -0.68% 439.00 438.50 440.00 443.50 437.50 440.00 1,249,020 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 33.0 25.2 4.5 97.3 2,263

Fidelity China Special S... Share Discussion Threads

Showing 351 to 374 of 950 messages
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DateSubjectAuthorDiscuss
13/1/2011
10:35
shiv1986.If you go to their web page it is all explained.Your £333 will buy you 282 shares at £1.18 say in todays market.And you will have to pay the normal charges also.Your 333 C shares at £1.00 when converted you will get approx 287. Thats with the NAV at 113p. You get 5 free shares.A previous poster hits the nail on the head its really for the big boys.I suppose if you have the money and wanted to invest any way go for it.Hope this helps.
warala
12/1/2011
14:46
Hi there... I currently hold 1000 shares bought at the IPO...I was wondering with this C share issue, does this entitled me to only to 333.33 shares at the issue price of 100p? Then if I wanted to buy another 1000 shares total....does that mean the other 666.66 shares will be bought at the current price? Lastly...would it be the NAV at conversion date or went the C shares are admitted to the LSE? I was just wondering about this aspect, cheers for clearing up the value of the C share conversion....
shiv1986
12/1/2011
10:23
C share is solely there to raise more money (hence bigger fees for Fidelity) and irradicate the premium - not designed to reward/benefit holders. Market-makers/arbs will ensure its neither here nor there whether you buy C shares or ords
roman2325
12/1/2011
10:22
indeed uquilp, there may be some benefit (stamp duty?) but it's only worth buying if you were going to anyway IMO
bigwilly1986
12/1/2011
09:50
bigwilly yes- having re-read the offer I agree with warela and yourself. It certainly makes the the offer unattractive to me.
uquilp
12/1/2011
09:27
no uquilp that isn't how it works, the C shares convert at NAV, warala is correct
bigwilly1986
12/1/2011
05:54
Warela In your example, in my opinion, the 1600 'c' shares would convert on 1st. March to 1560 ordinary shares(97.5%) ranking equal in all respects to existing shares.
uquilp
11/1/2011
20:27
4800 divide by 3 =1600.Converted you will receive approx 1380. For your £1600 to buy in the market in the morning at £1.18 you will get 1355 shares.A difference of 25 shares.Not as good as it seems.
warala
11/1/2011
19:02
I bought £4800 worth in the original IPO and I still hold them all. If they offer 1 for 3, I'll take it provided I can come up with the cash by Feb 11.
derekhess
11/1/2011
18:43
Thanks warala, but problem solved, apparently I bought them in the last tax year on the IPO so should be OK to buy some more as haven't used her ISA allowance yet.
dgs2
11/1/2011
12:39
CRACKED IT.Say you apply for 1000 shares today at£1.18 you get 847 shares plus expences.Say you apply for 1000 C shares you get 862 no expences.An extra 15 shares.Its all on the Fidelity web site.Conversion 1000 multiply by 97.5 and then divide by the nav of say 113.Easy as pie.
warala
11/1/2011
09:28
If you contact your ISA provider they will let you know what you can do.If you get no joy i will ask my advisor for you and let you know.Its a bit confusing this conversion method.
warala
11/1/2011
00:07
I bought some FCCS in my wife's name for her ISA allowance this year. If I take up the 1 for 3 offer I will go over her ISA limit. I am still allowed to take up this offer if I put them in a different share dealing account?
dgs2
10/1/2011
12:15
bigwilly thanks for your posting.More thought needed on what is best to do.
warala
10/1/2011
11:38
as the shares are converted at NAV, one C share will only be worth approx 85% of an ordinary share on conversion, I probably won't be taking up my rights...
bigwilly1986
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......
rocketblast
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.
warala
08/1/2011
17:58
They are not at a discount as they are C shares not ordinary shares.
topvest
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
warala
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
smicker
06/1/2011
15:25
Thanks smicker.tonsil time will tell.Patience is all that is needed.
warala
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!
tonsil
06/1/2011
14:08
News tomorrow on this
smicker
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