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I do recall one divi per annum. Not significant as far as I can remember, I dont have my data to hand. However, I am sure this will recover and I am LTH. I saw the price at 505p last year and help on. Then crash. so I have been buying the dips.
Well I bought at 426 and 371 2020-21, on basis of Telegraph or Times article,so considering whether to sit it out or cut losses, currently 22% down might take years to get back to parity, timing is all......do they bring in much dividends?
bought a few on a 1-2 year view, though nearly didn’t as
the times has tipped it, which often seems a kiss of death.
https://www.thetimes.co.uk/article/china-may-offer-a-special-situation-for-investors-8t283qkd0?shareToken=77872bef1dcf22ee54e467b6c10283a5
I'm looking at this now as per this tip from Interactive Investor;
Kyle Caldwell’s investment trust tip for the new year
We all want to buy low and sell high. With that in mind, ii’s head of collective investments has found an opportunity to pick up a great fund that’s currently trading at a significant discount to its net asset value.
Watch here - https://www.youtube.com/watch?v=FOYtewzi3ik
9% discount to NAV not bad.
PS - for a more risky play on China I might go for some Kraneshares China Internet ETF with Tencent & Alibaba as largest holdings
I have dipped a toe in today with a buy for my elder son in his ISA. there is going to be focus on China with the Winter Olympics in Feb and, as China should overtake USA in terms of economic powerhouse it seems a good point to start to accumulate some shares in this IT for capital growth.
Not seeing much chat on here despite plummeting from 501p to sub 300. Worst might be over. This is a LTH for me. Averages still high in two accounts but getting them down. China still offers the best LT investment in the basis of the size of the market. Regulation is a bit of a problem especially with Tech stocks. If anyone is out there then perhaps we can garner shared knowledge.
No - it's an investment trust. If you're asking something that basic, please don't invest right now in anything and do some research about shares, ITs, ETFs, funds and bonds.
Like the distribution of shares, even if PFC has a few issues with debt, China isn't going away, but on the dips? however happy to have bought at 315 not 425 mark.
Previous post finger trouble - correct Q - is FCSS an ETF
Is fcss an eft?
new money the greatest wealth-creation event in history
Search that on YouTube so you know why you will want to stay invested .
Good luck everyone
Both Chinese and US tech companies have lost their shines recently. Chinese government GDP target is not inspiring either so the fear is tightening monetary policy this year which will be bad for stocks. Economic data though are still positive so difficult to call what is going to happen next
Not a happy shareholder at the moment. Hope this is just an overdone correction as I can't see any real reason for the exodus.
Good post, thank you!
I agree there is a major shift in the Chinese economy, so much consumer potential with a bias towards home grown companies. FCSS seems a good vehicle for investment in that potential
Fidelity's Dale Nicholls: investing in Chinese consumption
Fidelity China Special Situations (FCSS), an investment trust that has had outstanding performance over the past year with its share price doubling over the year to 5 February. He says that despite valuations across the market moving up, China’s stock market is still pretty attractive compared with a lot of other ones.
Fidelity China Special Situations is a large portfolio of 120 stocks that Nicholls says is designed to give investors as broad exposure to China’s economy as possible. He focuses on trying to invest in undervalued companies that have attractive long-term growth prospects and have been undervalued by the market. He believes the best opportunities in China centre on consumption – the rise of the middle classes and their enormous buying power.
“I’m still very much a bull on the growth in consumption over the mid term,” he says. “I think it’s really core to the China story. It’s in many ways part of government policy in China to bring the structure of the economy away from a reliance on exports and investment towards consumption.”
https://www.investorschronicle.co.uk/news/2021/02/11/fidelity-s-dale-nicholls-investing-in-chinese-consumption/
I'm a happy holder! Bought in just before the late January drop, so was initially kicking myself, but am now up. China is the future, whether we like it or not, & whilst we can expect ups & downs along the way, I believe the growth opportunities there outshine anywhere else on the planet. I'll be buying the dips.
Up nearly 30% since the last post here, if this was a simple company stock there would be people proclaiming their genius for buying in the dip! Pretty sharp rise going on still, anyone any thoughts on the driver beyond China being the first to reviver from the pandemic?
These very hyped up irrespective of normal assessment criteria - earnings pe and yield! There is obvious expectation of growth but here one is unfortunately putting cash somewhere very uncertain!
Hi all. Has anyone attend the AGM before? I bought some shares but it seems the shares are under my broker's name not my name. Will the security guard check if I am in the share register before allowing me to enter? Many thanks.
Shanghai Composite up over 2%, biggest rise for ages. FCSS down 1.8%. Hmmm.
No, hang on.
Still wondering. At this price my exit price looks good . Any views ?
Back where we started !! Got some away at 136 but not enough. Wonder about another top up ??
You old gloater, you! China is being held up with special measures. I will be out at 150p. Cheers and GL.