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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
  14.00 3.18% 454.00 455.00 455.50 456.50 449.00 449.00 139,714 09:17:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 33.0 25.2 4.5 100.7 2,340

Fidelity China Special S... Share Discussion Threads

Showing 376 to 398 of 975 messages
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DateSubjectAuthorDiscuss
24/1/2011
08:26
Thought everyone was in this for the long-term?
roman2325
24/1/2011
08:15
Sold my entire holding.
whizzy1
21/1/2011
13:50
I sold out, may aswell use option to buy back at nav if the time is right. Like the long term, twitchy about short term
madengland
19/1/2011
10:30
Nothing to do with more fees then
madengland
18/1/2011
22:36
We need to remember the primary reason for the new placing; the need for more shares to allow the 'big boys' to join the AB China party, which we know was doing pretty good already, once it had been somewhere near fully invested and mostly sold out. The China 'cake' is so potentially large that there's a lot more upside than even ABolton saw initially. Hold!
izziebon
18/1/2011
12:41
Time table - does today's drop indicate a low subscription of placing? 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
bluesbeater
18/1/2011
11:02
I am not buying more either. No need for more exposure
madengland
14/1/2011
15:17
I don't think I'll take mine up, It's hardly worth the bother. Besides do I want to put in more money if this sort of thing is going to affect the premium. Does anyone know if the cost of raising these extra funds is borne by the fund itself ?
strudwick
14/1/2011
11:57
yeah it's just cynical money-grabbing from fidelity. I'm staying in for the long term but will not be buying more.
bigwilly1986
13/1/2011
17:02
I agree with you whizzy. I'm currently looking into switching to First State Greater China Growth. At first glance its' performed equally well since April, appears not to pay the Fund manager such huge fees/commission, and does not appear to dilute existing holders stakes everytime market demand for the share increases (i.e. the share trades at a premium to NAV). All IMO.
woodpecker25
13/1/2011
16:31
Share holder feedback? here's some.... pi55ed off with AB big time. What is wrong with the stock trading at a premium? it's market driven! so just as we get a decent run, he waters down the beer via a share option, don't tell me they aren't related either. Will he do it again in months to come? Fed up & thinking of pulling out for now. Just my personal op.
whizzy1
13/1/2011
10:55
Warala-Cheers for that....I sort of figured it out based on all of the previous posts....but thanks for the tip and the clarification....
shiv1986
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
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