Fidelity China Special S... Share Discussion Threads

[rocketblast] 27/5/2010 12:30

Knowing, good report, FCSS is a fantastic opportunity and at cheap as chips prices.... its a no brainer....

you wont get these this cheap again......

[rocketblast] 27/5/2010 11:48

RKH is also one which makes you lots of cash....but guess you missed that one, so FCSS is the next one to rise nice and steady....from these lows

[rocketblast] 27/5/2010 11:46

and remember i did tell you it will move up very very quickly.....

[rocketblast] 27/5/2010 11:44

I expect AB to NOT be fully in the market and he will be using his cash to buy (CHEAP) at lows and this gives the uplift and gains as the market shoots up....

[rocketblast] 27/5/2010 11:41

now that would be telling....but i do expect my target to be hit with ease and beyond...

[roman2325] 27/5/2010 11:38

Rocket: how did you arrive at £1.45?

[rocketblast] 27/5/2010 11:38

I wou/d say that the cash left in this fund would have been used to buy at the recent lows....and remember these can shoot up very quickly.... and well beyond £1 +++

[rocketblast] 27/5/2010 11:37

yeb it was poor timing in the short term but a fantastic opportunity for the long term.... use these lows as one of the best opportunities to top up and be in China.... current price is as cheap as chips... with my target of £1.45 this year its a great position to be in.....

[jonwig] 22/5/2010 07:49

Reasonable start for the managers, topvest! Stay largely in cash and beat the benchmark when it's falling. Pick up a nice performance fee.

Fidelity won't be too happy as it's stuck with stock which should have gone to instis. PIs will sell out in dribbles as they realise the marketing was just hype.

At some point these will be a buy - maybe when they wind up!

[topvest] 22/5/2010 07:26

Not a great start here. Poor timing.

[barniebear] 21/5/2010 18:50

My sanerio worked perfectly £ tanking against other currencies .However i never in a month of sundays expected such a fiasco Re the euro.Lol fancy being a member of this club the political elites have a lot to answer for.IMO

[atflores] 21/5/2010 18:28

This is a new era, one in which China could surge ahead and lead the world economy. Especially if the lefties in the USA and the EU turn those places into economic and social basket-cases, a transformation which will cause a huge drop in their various GNPs, and may make China's look more respectable sooner rather than later.

[roman2325] 21/5/2010 12:54

All Asian focused investment trusts are trading at BIG discounts and this will be no other..

[jonwig] 21/5/2010 08:38

FT Comment:

Hugh Hendry, the voluble hedge fund manager well known for his bearish but highly successful calls on the global economy over the past two years, has taken a big position that is designed to profit from a crash in China.



A stock such as this should be on at least a 10% discount to NAV, not par.

[jonwig] 21/5/2010 08:36

barniebear - you are right re 30% holding, but exceptions apply, such as the situation happening here. The most common example is when a new issue floats just (say) 60% of its shares, leaving 40% in the hands of founding shareholders, who are regarded as a "concert party" - ie. a single entity.

[chris001] 17/5/2010 17:30

i'm in, just waiting for info on whats happening

[ian77] 17/5/2010 12:02

Anyone else out there. Is it time this whiz kid gave some sort of clue as to what he is spending our hard earned money on? I am in for £10200.

[barniebear] 14/5/2010 08:08

No one else wanted to buy into the fund at the placing so Fidelity had to take the overhang on its book..

Well as i understood "Business" if you went over 29.9% of the stock you were obliged to T/O the c/o?? Odviously not as it appears they have pawned the stock off to their ISA investors?

[roman2325] 14/5/2010 07:51

No one else wanted to buy into the fund at the placing so Fidelity had to take the overhang on its book..

[barniebear] 14/5/2010 07:49

I know i am a bit of a "Thicko" but could somone explain why 52% of this stock is owned by Fidelity? In my "thicko" world surely this should invoke a T/O??Puzzled

[whizzy1] 13/5/2010 20:06

its done drifting, we shall see upward trend from now on.

[bigwilly1986] 13/5/2010 12:15

perhaps long-term but year-end £1.45?!

[atflores] 13/5/2010 10:44

I disagree. The departure of the most economically and socially destructive government I have ever seen in the UK is not going to be enough to kickstart our economy, which seems doomed to return to perhaps 1950s' levels of prosperity. The fatuous talk of 'recovery', and the way in which some writers seem to take it for granted that it will happen, will fizzle out in the face of a more sombre reality. Quite soon, I'd guess, and as it does China, and elsewhere in what will increasingly look like the free world, will surge in attractiveness and relative wealth. Until or unless they refuse to respect foreign investors' rights, these countries will be a major source of income for all those wise enough or lucky enough to invest in them now in the UK.