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The next few days will be interesting. I know it often trades 30-40p below NAV (currently 287p) but the gearing usually reduces towards the end of June. I think investors will be eyeing up the next dividend and considering what the NAV might be on September 30th.
It could slip a little further but not much. Maybe 240'ish worst case but lots of upside. Hoping to see above 350 again within 6 months
Today seemed a good day to buy. Hope I’ve timed it right as not planning to buy any more unless it takes a significant plunge. To me, the SSE index looks well overdue an upward spike 🤞
Want to buy more but not with this spread. Will wait for it to tighten then I am buying
Chriso4, I agree. My plan for now is leave it to the experts at JP Morgan to pick the best Chinese stocks, sit back and enjoy the dividends.
The dividends make this an easy hold. Accumulate while you wait! Lots of question marks around China's economy but the companies in JCGI have good revenue and worldwide appeal. Only a matter of time until this recovers back to 400p'ish
I’m cautiously buying. Will be surprised if the SP doesn’t creep up closer to NAV like it usually does before the dividend declaration at the end of this month.
I've been buying now. It might slip a bit further but one good bit of news out of china this will pop back up to NAV and above
Correct, similar to house prices. When they fall and your mortgage borrowing is the same your ltv/loan to value% would increase.
Time to buy again soon.
Is the gearing percentage increasing because the SP is falling? From what i can see debt is remaining consistent
Cheers for both your responses Richard & laallee... very much appreciated and so pleased I'm not alone in the boat with a hole. I've been invested here for a few years now and from the moment I first invested I don't think I've seen a profit. It feels like China goes from one crisis to another. If it's not regulation or Taiwan military threat it's something else. A bit of a basket case. I also have another by way of WWH not to mention Barclays which is a complete head the ball! All 3 could take years to recover if ever! I
Cheers for both your responses Richard & laallee... very much appreciated and so pleased I'm not alone in the boat with a hole. I've been invested here for a few years now and from the moment I first invested I don't think I've seen a profit. It feels like China goes from one crisis to another. If it's not regulation or Taiwan military threat it's something else. A bit of a basket case. I also have another by way of WWH not to mention Barclays which is a complete head the ball! All 3 could take years to recover if ever!
I'm here-
only 44% down so very happy!
You're not alone Phyl... I'm here. I have this down as a long term income and growth come back in twenty years type of stock.
Having said that I think this is down to the recent fairly watered down Chinese govt growth targets. Add to that the hostile noises coming out of the US towards China and the sentiment towards China is not good. At least for the moment. But today's dead fish is tomorrow's valuable salmon so I'm hanging in until sentiment shifts again!
I say again to what must be the quietest board in the world, what on earth is going on with this share price?
I can't make my mind up which is worst... this or Worldwide Healthcare (WWH)!
Anybody out there or am I the only person invested here?
Is going on with this share price?
Would love to see this resting around 500p level, not sure it'll get there at the moment, but give it some time, some nice movement over the past month or so. Hopefully this keeps moving forward, even slowly I'd be happy with.
Divis as well, not a bad place to be at present.
Some impressive momentum here, and some huge buys going through. Technically very strong, broken resistance pattern left over 2022 and still heading upwards. Macro picture looks good for a post-covid China lead by a govt that will do what ever it takes to succeed. Hopefully it'll stabilise above £4 and continue up.
Wildtiger,
You must be happy here, I figure you must be 50% up or thereabouts on this share and I think it will slowly keep moving up.
Great timing on this one.
This question is for anyone.
Where do you see the shares resting level once it's worked itself out and China is back moving working where it should be?
The sp rises significantly on any good news coming out iof China, especially loosening of Covid restrictions. I'm expecting a big turnaround when restrictions are lifted and the Chinese economy starts moving again.
Had been deliberating for the past couple of weeks of opening a position in the JP Morgan Emerging but couldn't pull the trigger and kept getting dragged back looking at some of the holdings I already had. So just picked up a few more of this up as well as Ashoka India (AIE). It has increased my average to 3.10 from when I picked some up at 2.61 but it is still a 16.5 % discount to the current NAV and giving me a 4.4% div for this current year.
My long term outlook is I expect a further 25% increase over the next 12 months and if that is the case the Nav will be back to £4.63 giving me a 6% yield going forward.
Though as I mentioned before it could all come crashing down and be worthless. Just means another 5 years working instead of retirement.
GLA
Well, it's still pushing into the positive, let's hope China listens to its people and opens up again, we are going the right way with these minor covid relaxation steps.
If it continues I think we will keep rising here!!! Fingers crossed
I am hopeful, I have to be.
Sitting at -46%
Yep, I agree Whateva. I think I've seen sufficient recently to believe the SP (and of course our investment) will climb if not soar on any future good news coming out of China. Perhaps it will deliver after all the returns I expected when first buying in. Time will tell of course, it always does!
Well, I did get a few more shares, it hit my buy in price so my average has dropped a little lower.
I'm glad to see a slow increase again, which I am a little surprised about, with china still not really moving forward yet.
I am still of the opinion this share will do very well once the Chinese govt have some clear direction with lockdowns and decide to move forward opening up, getting their economies moving again.
I'll be setting another buy in point lower than previous, just in case it falls back again, but fingers crossed we either maintain or keep slowly climbing.
Gla holders
Just my 2 pence worth