Fidelity China Special S... Share Discussion Threads

[atflores] 10/2/2011 12:44

Why did Fidelity want to stop the rise of this SP? If this dilution is followed by a pause in Chinese share price growth in general, it will be particularly painful.

[edwardt] 10/2/2011 08:29

the only winner is fidelity, a performance fee if they lose less than the index does not inspire faith as a long term hold. His special sits fund would have not turned 1k into 147k if it had the same charging structure = more like 14k!

[hectorp] 09/2/2011 11:07

I sold at 123p. I did not appreciate Mr Bolton's C share wheeze either. The China market looks weak, though there could be value in holding for a rising Yuan exposure. I've not bought back even though the RSI is on the floor! - He only holds gold, which I strongly agree with, ( and silver should be there too in spades) thinks the tops are in for other commodities. He has failed to see the full picture which surprises me. It is not simply the US versus China for me. The enormity of printing paper so called QE, might be balanced by falling demand in 'The West' for goods as the materials they are made of, rise in costs of production, though of course, the cost of a good is only a small part of its commodity input cost. There are the BRIC countries and the other ex-emergers, which are to an extent like China growing their working and middle class consumers rapidly. More rapidly than unemployment rises ( numerically) in the USA. Most investors think that the US is a central worry in that it could induce deflation of commodity prices. But thats also because most pundits and reporters, are basically US-centric. This is a mistake. The rise in Malaysian and Indonesian, Vietnamese and similar region town dwelling wage and salary earners earning over lets say $10,000 USD equiv a year is much much greater in 2010 for example than the number of US unemployed who have lost jobs since start of 2010. They are almost a drop in the world's oceans. Clearly so in B R I and C. So I sense Mr Bolton will be proven wrong with : copper, zinc, iron, steel, and the softs. He is on board with gold, he might have missed out considering Plat and Pal, and the rare earths.

[whizzy1] 08/2/2011 22:23

And this Gem.........unbelievable what AB is saying given that he is trying to raise more cash, what?.... buy gold instead of your hand picked stocks AB? "Commodities enthusiasts are investing five years too late, according to legendary fund manager Anthony Bolton" (Jan) Interested to see NAV on 28th though.

[whizzy1] 08/2/2011 22:17

Managers short 'weak' China "Retail funds have joined a growing hedge fund trend to effectively 'short' China, or play positions that benefit from a downturn in its prospects" http://www.ftadviser.com/InvestmentAdviser/Investments/AssetClass/Equities/News/article/20110207/116642d8-2ef3-11e0-b025-00144f2af8e8/Managers-short-weak-China.jsp "While Mr Bolton has the ability to go short in 15 per cent of his fund, Fidelity could not confirm whether he is using this capability"

[uhound] 08/2/2011 17:31

I'm sure in the long term this will prove to be a good investment, however in my opinion you can make more money holding elsewhere. Very dissapointing share price performance.

[roman2325] 08/2/2011 17:10

Guess that explains why no institutions have touched it..

[whizzy1] 08/2/2011 17:07

Dear Anthony, the laymans term for what you have done to this fund (and our money) is called "a fu%k up".

[whizzy1] 01/2/2011 17:25

Nav of 106p, but Mr B, earns more fee's with the "C"(Cheeky) shares as they are now known as. Awful looking charts too.

[woodpecker25] 01/2/2011 10:15

AB is only running this for another 2 years. The statement therefore implies that they are free to dilute further once he leaves.

[ted32] 01/2/2011 09:57

goathed Tell that to those in parliment.

[goatherd] 31/1/2011 18:33

But not when you have said you won't. Its called honesty!

[roman2325] 31/1/2011 18:09

Believe that you'll believe anything Investment trust managers make more money by bringing in more fees - you launch a C share as often as you physically can

[smicker] 31/1/2011 15:17

No more dilution http://www.citywire.co.uk/money/anthony-bolton-last-call-for-cash-to-invest-in-china/a467592

[roman2325] 27/1/2011 08:59

Agreed - this is only going lower

[woodpecker25] 27/1/2011 08:52

That maybe true (particularly more mgmt fees for Fidelity!)but I'd rather not be holding whilst they wait for the share price to fall below 109 (the current NAV is 108.9).

[woodpecker25] 27/1/2011 08:33

GLA. I sold out yesterday, partly due to the short term risks with China but mainly due to Fidelity's stance of not wanting the share price to trade at a premium to NAV.

[roman2325] 27/1/2011 08:21

http://www.bloomberg.com/news/2011-01-26/china-will-face-crisis-within-5-years-45-of-investors-in-global-poll-say.html

[bluesbeater] 25/1/2011 12:29

110 looks a certainty now, but will it get back to ipo?

[roman2325] 25/1/2011 12:03

Nasty NAV - I'll be a buyer sub £1

[rocketblast] 25/1/2011 11:03

still above value at these prices..... £1 is a give away so top up if u can as i will.....

[whizzy1] 24/1/2011 17:22

Started buying FCSS in the ISA 9 months ago average @107, bought more @115.70 sold @117 ish. Bought SDY today in ISA @28.38 they were up 5.4% at the time of print, up 1.8% close. You think i'm bonkers? As soon as they hit 35 I'm out. P.S Been in & out of SDY a few times. Large holder in KENZ since IPO,(3+ bagger)chart looks like a jet taking off. Good luck all, to slow for me here.

[roman2325] 24/1/2011 09:45

Whizzy - I agree entirely with your argument - just out of interest what did you buy elsewhere?

[whizzy1] 24/1/2011 08:53

REASON ; Every time we got a good run, AB watered down the stock, so what will prevent him from doing it again on the next leg up? Gone for a recovery play elsewhere, & infact made more cash (on paper) in 3 mins than I did during my holding from 9 months in this.