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FCSS Fidelity China Special Situations Plc

221.00
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 221.00 935,187 16:22:29
Bid Price Offer Price High Price Low Price Open Price
221.00 221.50 221.00 218.50 219.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -169.34M -213.46M -0.4134 -5.35 1.14B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:10 UT 14,345 221.00 GBX

Fidelity China Special S... (FCSS) Latest News (2)

Fidelity China Special S... (FCSS) Discussions and Chat

Fidelity China Special S... Forums and Chat

Date Time Title Posts
11/12/202423:23Fidelity China Special Selection Fund826
08/10/202414:19FCSS233
18/9/201611:36Fidelity China Special Situations27
15/8/201617:03WEBCASTS4

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Fidelity China Special S... (FCSS) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Fidelity China Special S... (FCSS) Top Chat Posts

Top Posts
Posted at 14/12/2024 08:20 by Fidelity China Special S... Daily Update
Fidelity China Special Situations Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker FCSS. The last closing price for Fidelity China Special S... was 221p.
Fidelity China Special S... currently has 516,349,147 shares in issue. The market capitalisation of Fidelity China Special S... is £1,141,131,615.
Fidelity China Special S... has a price to earnings ratio (PE ratio) of -5.35.
This morning FCSS shares opened at 219.50p
Posted at 05/12/2024 18:00 by pj84
Not specifically related to FCSS but a short clip of why the fund manager of the Fidelity Asian Values fund favours China over India essentially because India is very much in favour at the moment and China is out of favour with the forward PE's in India 3.5 times the amount in China and he currently sees much more value in China than in India or Taiwan.
Posted at 11/10/2024 16:55 by pj84
"Trust Watch: A great China bargain if Beijing fires its bazooka again

Discounts widen across the sector with the biggest and best China investment trust trading on an unusually large margin below asset value despite the recent Beijing bounce.

...

‘Cheap’ Fidelity China
With Chinese officials reportedly set tomorrow to spell out the next wave of economic stmulus to pull China out of its post-Covid slump, the sight of Fidelity China Special Situations (FCSS), the biggest and most liquid of the three listed China funds, atop our ‘cheap’ list on a 16% discount and 4.3 Z-score is intriguing.

Down 25% over three years, shares in the Dale Nicholls managed trust have actually taken less of a hammering than its two rivals and have provided the strongest 10-year return of 127% under the manager that trounces the 72.5% gain of the MSCI China index.

Should the recent raft of measures by Beijing prove a turnaround, then this could be a good time to buy a cheap market through a cheap trust.

Some context on the Numis figures though, which on our last two tables are at Thursday’s close as normal.

Fidelity China’s discount is calculated with the 221.5p closing share price compared against the broker’s estimate of NAV per share of 264.3p, not the 258p NAV published by the trust yesterday. Using the latter reduces the discount slightly to 14%, still significantly wider than the 9.9% average of the past year so still ‘cheap’."
Posted at 11/10/2024 09:24 by pj84
The article concludes: -

"But the country still accounts for 19 per cent of the global economy, and for some investors it may simply be too big to ignore. FCSS investors certainly own an asset that is markedly different from a simple Chinese stock tracker, with unlisted businesses, chunky gearing, and a range of different market caps. The trust is primed to spring back, as evidenced by 30 per cent bounce in the shares in the past month, and still trades at a double digit discount to NAV, which suggests there is still value to be captured.

Advice Buy

Why Cheap trust with differentiated approach and respectable record"
Posted at 15/8/2024 16:34 by pj84
Michael Burry has reduced the number of equities in his Scion Asset Management fund to just 10 positions with China now accounting for 45.8% of the fund.

If his conviction proves correct this could be good for FCSS
Posted at 08/8/2024 15:55 by biggest bill
I have finally taken the plunge here after watching this share for years. The Chinese stock market is amazingly cheap and sentiment is appalling. I regard these as perfect conditions for a buy.
Posted at 04/4/2024 06:26 by halfpenny
FCSS is a mess and Fidelity should Get out of China.....that is what NED would have done!!

Go for India and Japan...
Posted at 15/2/2024 08:10 by ch1ck
Big article in Share mag today China could be big this year funds tepid
Posted at 10/1/2024 15:41 by pj84
Winterflood 2024: Top picks among heavily discounted trusts

"Asia Pacific equities

There were no changes within this sector, with both Pacific Horizon (PHI) and the China-focused Fidelity China Special Situations (FCSS) trust keeping their place on the buy list."

...

"Fidelity China Special Situations manager Dale Nicholls has delivered NAV Total returns of 134% since he took over the fund in 2014 and Bird said the proposed merger with Abrdn China (ACIC) is a ‘representation of the value placed o the manager’s stock picking expertise in an environment whereby mega-cap growth names have sold off’."
Posted at 18/12/2023 11:02 by pj84
No specific reference to FCSS in the article but the overall theme is relevant.
Posted at 01/3/2023 06:36 by investingdad
Sentiment is low and US and the media still focused on Chinese politics but some buy signals... Alibaba is now oversold.Manufacturing posting its biggest improvement in more than a decade, services activity climbing and the housing market stabilizing.Next week's National People's Congress will be held, where a new growth target will be disclosed.I think I will buy in a smaller holding than i had at today's price and top up monthly here. There seems to be value and as long as China don't fully align with Russia it might just make it through. Due to the volatility here, it is a high risk trust - it might end badly for me.
Fidelity China Special S... share price data is direct from the London Stock Exchange

Fidelity China Special S... Frequently Asked Questions (FAQ)

What is the current Fidelity China Special S... share price?
The current share price of Fidelity China Special S... is 221p.
How many Fidelity China Special S... shares are in issue?
Fidelity China Special S... has 516,349,147 shares in issue.
What is the market cap of Fidelity China Special S...?
The market capitalisation of Fidelity China Special S... is GBP 1.14 B.
What is the 1 year trading range for Fidelity China Special S... share price?
Fidelity China Special S... has traded in the range of 170.60p to 249.00p during the past year.
What is the PE ratio of Fidelity China Special S...?
The price to earnings ratio of Fidelity China Special S... is -5.35.
What is the cash to sales ratio of Fidelity China Special S...?
The cash to sales ratio of Fidelity China Special S... is -6.74.
What is the reporting currency for Fidelity China Special S...?
Fidelity China Special S... reports financial results in GBP.
What is the latest annual turnover for Fidelity China Special S...?
The latest annual turnover of Fidelity China Special S... is GBP -169.34M.
What is the latest annual profit for Fidelity China Special S...?
The latest annual profit of Fidelity China Special S... is GBP -213.46M.
What is the registered address of Fidelity China Special S...?
The registered address for Fidelity China Special S... is BEECH GATE, MILLFIELD LANE, LOWER KINGSWOOD, SURREY, KT20 6RP.
What is the Fidelity China Special S... website address?
The website address for Fidelity China Special S... is www.fidelityinvestmenttrusts.com.
Which industry sector does Fidelity China Special S... operate in?
Fidelity China Special S... operates in the UNIT INV TR, CLOSED-END MGMT sector.

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