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Nobody knows if we have reached the bottom but great to see a number of blue days recently including today. I've noticed a stronger morning and weaker afternoon but any blue finish on the closing bell is most welcome. China remains the 2nd largest economy in the world behind the US but the Chinese president has iterated his desire for the economy in China to become the largest player. We will see. Meanwhile, fingers crossed the blue days continue.
I would have been sitting on a loss .. but I do more than just average down .... taken money off the table today .. left profits in ... waiting for a pull back.
GLA
There are many reasons to buy this share now and many reasons not to. It depends where you think the Chinese equity market is heading. I'm currently sitting on a loss and averaged down as far as I'm prepared to go. In my opinion the Chinese economy will continue to grow, its stock market will continue to mature and this share will follow. I don't see this growth being as dependent on Western countries as before.
…as far as rational is concerned …. Flip a coin …. Heads buy to tails sell… that will beat the earnings of the average retail investor.
“ any rationale to provide as to why I might buy here?”
I bought in at 460p before the Ukraine war worked the share hard …. Average now down to 350p having sold 359, 366, and 376 today ..
… happy to buy back 335p if and when is goes back down … providing of course China doesn’t land in Taiwan.
Well, Temple of Doom you live up to your name there! Have you any rationale to provide as to why I might buy here? Any advice welcome! Please don't say 'DYOR'!
One can be sued for stating opinion as fact I believe …
I'm on the verge of getting in here for a couple of reasons. Firstly, Chinese shares have been hammered, particularly in the tech sector. I did reduce my exposure to Chinese funds about 9 months ago but at these levels they represent value IMO. Secondly, the yield here looks very good. With China coming out of draconian lockdown, I think sentiment has now turned the corner. Also some recent softer noises on regulation from China indicates that they want a strong, buoyant stock market. I've missed the last quarterly divi, but I can live with that. All IMO etc etc...I wonder has anyone on a message board ever been sued for misleading others?!!!
I'm hoping for some balance here soon, I think this stock went a little to high to fast and due to China having its zero covid policy and locking the country down completely again for an extended time, its fallen quite a way back down now. Both sides to me, a little too far either way.
But, this presents an opportunity now as I think it will grow slowly as china begins to open back up and it's economic side starts moving again.
I will still think in 10yrs time these investments will be multiples of where we are now, hopefully much sooner.
If dividends stay, why would you not invest here.
Gla
Yes
Ex divi date 21st April
Payment date is 1st June
I think divi is 5.7p this time.
Is this still paying div in April?
& sold those, thank you mr market, but
keeping the FCSS on a longer term view.
Whateva, looks like you were right the first time, up 13% so far today.
I was hoping for this turn upwards pretty sharpish when a cease fire of some sort was agreed, but looking ahead in my opinion it's likely to fall further for abit longer before a slow rise, with its headwinds in the companies the management have invested in, corona virus lockdowns and the awful situation with Ukraine and Russia.
Its gonna be an up hill battle, getting this out of the red for me, some 40% down. But who knows down the line .I'm in it for the long term anyway. Gla all holders fingers crossed this picks up soon and I'm completely wrong with my assumptions and it starts flying back up.
bought a few, small at this stage.
This was always a long term hold for me (5 years) its now looking like a longer term than I expected (10 years?)
Reinvesting the divi in to other shares slightly lessens the pain of my 50% loss.....
Very hard to defend the position in Tencent, I pay the management fee expecting the fund managers to be ahead of the game. It looks like in this case they haven't done their job. Other than that the fall in value is down to geopolitics and a move from growth to value. China is still a the world's manufacturing hub, still has a growing middle class so the nav and so should recover in time. This was always a risk, that's why we diversify. In my case HGT gain equals JCGI loss and Vinacapital is holding up well.
Top holding is Tencent - down 50% in one year. Facing unquantified fine for alleged money laundering.
Great stockpicking!
Quite agree CarpeDiem1. The Chinese government have a lot to answer for not least of all buying into Western vaccines. Interesting to see their next move? In the meantime, I'm so far under water with this trust there's no point in selling.
All Chinese stocks falling hard on slowdown fears and covid lockdowns. China's vaccines are not effective against Omicron and china zero tolerance to covid means they are in a similar place we were a year ago. At some point China stock will be worth buying but not this week.
Madness Yet another disastrous day when the majority of others are up. I'm losing many £1000's. The managers need to make a statement. I'm sure the majority of stakeholders are in the same position as me but no doubt I'll be talking to myself on this board. Another sign of madness.
Everyone it seems up... except us! When will this stop falling???
They also pay a divi which is good, gonna keep the faith they know what they are doing, but could do with a rise soon.
Saying that today has been dire across the board. I think when markets open later we will see some rises...fingers crossed
Hold and hope that the sp bounces back, l'm losing at the moment too. China is going to keep growing economically and JPM have plenty of boots on the ground so should be making the correct choices.
I have had a holding here for a while now, unfortunately that puts me underwater with sp , how does anyone view the way this may turn as time goes on. By mentioning " turn" you can see the way I want this to go.
It's been a rough start to the year on shares, unfortunately going to have to ride it out now, have put all spare funds into averaging down here there and everywhere else.