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Dunno. Was thinking of investing in this, but there is too little information. Just a gamble.
Thanks Scottie, I am assuming that the number of shares she holds will rise in that case. Not been investing for long so much to learn.
Checked AGM Statement for 18 May ( last Friday ) and found this..... � Shareholders approved an ordinary resolution that each of the ordinary shares of 10 pence each in the capital of the Company be subdivided into 5 ordinary shares of 2 pence each (the 'New Ordinary Shares'), the New Ordinary Shares having the rights and being subject to the restrictions set out in the Articles of Association of the Company, provided that such sub-division is conditional on, and shall take effect on, admission of the New Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities by 8.00am on 21 May 2018 (or such other time and/or date as the Directors of the Company may in their absolute discretion determine). Accordingly the 49,910,497 ordinary shares of 10 pence in issue as at 18 May 2018 will be sub-divided into 249,552,485 ordinary shares of 2 pence.
Thinking of buying in just a small amount at typically there is usually a small jump after a huge drop. With no RNS this drop is strange, even it there is a share split there should be an RNS
I to was confused at lack of info. London Stock Exchange is showing historical SP recalculated to about one fifth of last weeks price. Also showing Listing / Admission to Trading as 21 May 2018. I suspect a 5 to 1 share split......I hope. Frustrated there is no confirmation to be found, so far.
Broker account showing this drop on my wife�s account. Can�t find any information out, anyone know what�s going on. Would ring the broker but it�s wife account so wouldn�t pass data protection. Ta
Morning to no-one I guess.. ? Logged in to review my holdings this morning and this one was "greyed out". My preset autotrades have also been cancelled. The ticker has changed from BGS to 0070627 ? LSE and Google are not showing an issue. I think this is due to the share split. Hope so.
It has happened, slipped back, and now progressing again nicely and just broken the £4 barrier. Annual Report out today reads well and Japan has recovered well these last few years buoyed again even stronger after their tsunami.
at the moment, but I think Japan will be making more progress soon. Holding and hoping for the next leg up soon.
With respect to pablo2, Japanese exports and a strengthening yen have little direct relevence to this I.T, unlike those tied to the blue chips. It is largely about fast growing small cap companies allied to the home market fuelled by an increase in demand as confidence rises. The main requirement is bizarrely a rise in inflation and taxation not rising too severely to choke off demand.
Take your ideas on board and we do have more flexibility than a fund manager. However, in the case I was illustrating the 5% was dumped before the big drop at around 320p. They would have made a tidy sum IF they'd got back in a couple of weeks later around June 6th when we were around 250p. Recently again the Nikkei is dropping and the Yen strengthening - we need the opposite for Japanese exports and this IT. GL All
pablo 2 makes the point that a big holder managed to panic sell a 5% holding at the bottom of the recent range before the subsequent recovery. Once again this highlights the advantage the private investor has over a fund manager with peer pressure driving his or her actions. If your job depends on keeping up with the pack the stock may remain irrationally low longer than you can hold onto your job. We can apply patience and, knowing the quality of the management and value of the inherrent holdings, wait for normality to reign.
This IT along with other Japanese investments has recovered well again. I've decided to cash in if this starts dropping again below £3. Notice the FTSE, gold all well up after Bernanke's latest speech -dollar down. Will this strengthening in the Yen not be good again for Japanese exports and BGS? I'm monitoring closely now 'cause really didn't like the downward swing over the previous 2 months. Very volatile for an IT this one.
Capitalism on the March , some canny people with more brains than a lot of us saw a chance to profit take . Japan is showing the World how to bounce back but it will be a yoyo time . Tin Helmets on Everybody and hope for the best .Good Luck .
taken a hammering along with other Japanese stocks the last week or so. Spoke to Baillie Gifford today. Apparentlya lot of shorting of Japan has recently happened and the Yen has strengthened against the dollar. The Holdings RNS on 22 May which was a bit weird Baillie Gifford holding went below 5%. This apparently was 1 client's holding in Shin Nippon, and they dumped the whole 2,714,000 on May 20th - were they in the know, or what? The RNS simply states they went below 5% but apparently they sold the lot. As the dollar weakens so the gold price goes back up(good for my miners) and the Yen strengthens (bad for Japanese companies) - it's a merry go round with Goldman Sachs and their mates calling the tune. Hopefully these will rebound, I wanted to go to cash a few weeks back but Baillie Gifford do not offer the service which I have complained about - JPMorgan do with my daughter's stocks and shares ISA ,where you can keep in cash for a while if you wish. Anyway, we knew it was too good to be true and it was. The big boys are at it again and they'll only let this up again when they are ready. I've learnt that if I'm on the right side again of some big games I'd better take my profit before they turn the wheel the other way. We've certainly lost the last few months gains, hope it turns around soon.
BGS finally had a tumble today - my God it's risen fast. I've got them tucked away in a Bare Trust handled by baillie Gifford. Only thing they don't do is allow to hold as cash for a while. If they did I'd have probably put it all on the side after about half way through this glorious run and have missed some of this latest steep climb. Had to have a few profit takers at some point, just hope it wasn't because some of our Japanese firms have hit trouble. We'll be the last to know, unfortunately. The Tsunami took it's toll but then we started to bounce and this current Japanese QE is brilliant. Hey I've just started investing in JFJ too - £50 a month for 1 of my daughters! GLM - 'bout time you doubled your posts!
Likewise Pablo. I put some away in daughters ISA about the same time and am delighted to see them moving after being stagnant for a while. Bought JFJ at same time and they are moving up now aswell. Would be great to get a year of upwards movement as yen weakens and Japanese exporters thrive. The editor of moneyweek magazine has been punting these funds for a few years now and it looks like she was correct in her judgement. onwards and upwards jim
This IT has been brilliant the last 6 months. got some for my kids about 2 years ago, and they've doubled their money now. Japan may have a lot further to go IMO.
BAILLIE GIFFORD SHIN NIPPON PLC Results for the six months to 31 July 2011 The Company's net asset value per share (after deducting borrowings at fair value) rose by 4.2% compared to a 1.5% rise in the Company's comparative index*. The share price rose 9.3% and its discount to net asset value narrowed from 8.8% to 4.3%. · The tragic earthquake that hit Japan during the period under review had a significant impact on the economy, however recent results have been better than many companies forecast initially. · Smaller company valuations remain attractive and in many cases suggest that the market does not expect any growth, which we believe is overly pessimistic. Market volatility has allowed us to make new purchases in lowly valued companies, such as Nikkiso and Skymark, that are well placed to deliver strong earnings growth over the next few years. · Baillie Gifford Shin Nippon continues to invest in Japanese companies that have the potential to grow, either by exploiting an opportunity in an exciting new market within Japan or by broadening out geographically to benefit from the emergence of the Asian consumer. · Stock selection contributed to good relative performance. Sterling returns benefitted from the yen strengthening over the period. * The Company's comparative index is the MSCI Japan Small Cap index total return and in sterling terms. Shin Nippon aims to achieve long term capital growth through investment principally in small Japanese companies which are believed to have above average prospects for growth. At 31 July 2011 the Company had total assets of £67.1m (before deduction of bank loan of £9.1m). The Company is managed by Baillie Gifford & Co, an Edinburgh based fund management group with around £69 billion under management and advice as at 15 September 2011.
http://www.investegate.co.uk/Article.aspx?id=201109160700113522O
Well after 20 years in the doldrums, maybe just maybe we are seeing signs of life in Japan? The Nikkei has shifted up a bit and not much seems to have happened with BGS or BGFD and then suddenly Money Week are tipping Japan and even mention Shin Nippon by name in their editorial column on 26 Nov entitled "The future is still Japanese". Nothing like a bit of publicity and BGS starts to move! BGFD got a big buy tip in the Investors Chronic and it too is moving - long may it last!
Japan's Nikkei 225 stock average added 94.24 points, or 0.9 percent, to 10,658.16 in early trading. The government reported Thursday that Japan's economy, the world's second biggest, expanded at a slower pace in the final three months of last year than initially estimated.
China continues to consolidate above 200 day mva and we note another set of positive data from Japan where indicator of economic health rose for a 10th month, extending the longest streak since 1997 as exports fueled the recovery.Japan is proving to be the surprise outperformer in 2010 after being the most underowned mkt entering the yr.
This from ADVFN made me smile "This will be very, very, beneficial to those who invest early It is still in the smart money stage." :))