Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: TheLoaf, 7 May 2024 13:15
Last post: Etotheipi, 7 May 2024 17:39
When you've invested too much in comparison to your other holdings. Similar to laallee I averaged down too early, now is probably a better time but I've invested too much.
I was adding back in 2021 when the SP was between £5-£8.50..... sitting at -58%, definitely a long term hold!
I've been happy to keep adding while JCGI dropped to around the 200p mark & still adding, but there has to be a cut off point if the price keeps rising.
I'm looking at 280p (300p at a push) & then see what happens with the SP & Chinese stocks.
Good luck to all holders
Last post: ALiverpoolgent, 27 Apr 2024 11:48
Good morning Pcs. I tend to agree with you. I find China is hard to read. However, the market there is decent enough value (though it could get cheaper, much cheaper on poor news). I'm just holding now and reinvesting dividends. At present I am showing a loss of c30%! as I bought too early (not for the first time!). For sure, a further drop would tempt me to buy a few more. As would better news from there. This is a market you cannot ignore (like the USA) and must have some exposure to or have it on your watchlist. It will turn. ALgent. PS Are you following/holding any other China related investment trusts? Myself, I am thinking of making an investment in FCSS.
" the majority of the negativity must be priced in by now."
I was just looking at China.... it is never fully priced in, if things get even worse ... the Bulls keep away and the Bears sell things down even more....although the worse it gets ...yes....the more likely a stimulus ...but enough stimulus ??
Record travel plans for this China New Year Holiday... so..data on spending confidence from that could be a barometer ....I think it is going to be a slow and gradual turnaround
....over capacity on manufacturing forcing deflation ..people must be bit worried about job losses at present so holding back spending...downward spiral if not careful
China Weighs Stock Market Rescue Package Backed by $278 Billion
I tend to agree r.e. bottoming out. Just commented on the BGCG board (which is extraordinarily quiet) that the majority of the negativity must be priced in by now. You would think/hope! Perhaps the news of the potential for Chinese stimulus will come to something. Fingers firmly crossed!
Yep, doubled up at 198. See where this goes from 190ish.
Started: shano1, 8 Feb 2024 10:16
Last post: shano1, 8 Feb 2024 10:16
Turnaround time for China - Here's how to invest. (JCGI mentioned)
https://www.bloomberg.com/news/newsletters/2024-02-06/turnaround-time-for-china-here-s-how-to-invest?leadSource=uverify%20wall
Last post: Saab93se, 22 Jan 2024 18:41
In today’s news: “Huge data leak dubbed the
'Mother of all Breaches' sees 26 BILLION records leaked from sites including Twitter, Linkedin, and Dropbox…. The biggest leak comes from Tencent's QQ, a popular Chinese messaging app which had 1.5 billion records in the breach.”
If this affects Tencent’s stock price, the NAV of this fund will drop further. I’m not currently invested (last sold around 210p) just watching with interest and will buy in again at some point, hoping for low 180’s.
Last post: Temple_of_Doom, 22 Dec 2023 15:18
Plus … 13% fall 11% of NAV down 5% …. Someone having a larf two top ups today.
I have a £2.00 target …. Current average from the decline from £3.20 earlier in the year is £2.45 bought a few more today and will again around the target … been in and out but like many caught the drop the past 6 months … to think I first bought in st £4.80 a couple of years ago down from what £8.00 a share?
The market is unforgiving.
Painful, comes to mind, considering I topped up[ for the new year last week.
Started: Saab93se, 22 Dec 2023 07:39
Last post: Saab93se, 22 Dec 2023 07:39
“Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world's biggest games market, which returned to growth this year.” (Reuters.com)
Tencent is 11.2% of assets (stock price currently down 13%), NetEase 4.1%. Will be interesting to see what the impact is here.
Started: stargate, 25 Oct 2023 04:30
Last post: Saab93se, 3 Nov 2023 18:22
I bought back in today because Tencent and Alibaba’s SP appear to be recovering, loosely mirroring the rise of U.S. stocks, and this hasn’t been reflected in the most recent NAV. Should soon be back to 230p+
@stargate after falling from highs of around 800p, disastrous news is mostly priced in to this trust. Better to be buying into China when prices have crashed than missing the upturn or buying in near the top.
I just keep adding monthly in my ISA as a way to build my holding.
I'm also steering clear (as much as possible) of the U.S, as it's overvalued IMHO & Warren Buffet thinks it's around 45% overvalued (he should know).
Agreed. I sold at a loss at 234p
3 year chart shows prolonged fall, and equity plumbing lowest lows, recently. Equity is in a classic long term bear, market of lower, lows, and lower highs. Sector chart broke below major support of 4/10/23, which is a strong sell signal. China, the second largest economy, has serious economic problems, papered over since 2009, by the communist regime . Economy, of China likely heading for collapse, or extended deflation, so avoid China .
Started: Geldautomat, 11 Aug 2023 21:45
Last post: Saab93se, 18 Aug 2023 19:10
Current NAV 282.91p. My 1001 buy at 16:25 shows as a sell for some reason.
Smallest hint of upward movement in the world’s second largest economy and I believe these shares will fly.
To me is all that really matters. The discount just got bigger (now 35%) so I'll keep buying :)
Started: TheLoaf, 25 Jul 2023 13:16
Last post: Geldautomat, 29 Jul 2023 22:52
Dividend should continue but ignore the retrospectively calculated yield shown here. Around 5% is more like it.
Please be gentle team, novice here. Im interested in the dividend returns.
I recall (perhaps incorrectly) that when JCGI which, as an avid Sinophile Ive held for a few years, introduced their increased 4%(?) dividend, they also introduced a policy to take from capital if necessary.
If this is correct, do we know how much of the dividend being paid now is 'natural' income and how much is being taken from capital?
Because I assume, with the recent capital performance, any such capital returns will just accelerate the NAV decline.
Is my naïve understanding correct? Can we determine by how much from the accounts, and should we be worried?
I'm happy to add too. More upside than down and a decent dividend to collect whilst we wait for the re rate. GLA
I'm happy to keep adding at these prices for medium/long term growth & income.
The Chinese stock market can't stay in the doldrums forever & it's better to buy below 300p than above 600p.
Good luck to those brave enough to invest & stay invested.
Last post: Saab93se, 27 Jun 2023 19:02
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
Last post: Saab93se, 13 Jun 2023 17:33
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.
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?
Started: Richard08, 16 Jan 2023 11:54
Last post: Whateva, 2 Feb 2023 21:33
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.
Last post: Whateva, 9 Jan 2023 14:39
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?
Started a new position here at 254. I cant see this dropping much further.
Started: Whateva, 2 Dec 2022 17:03
Last post: Etotheipi, 6 Dec 2022 22:45
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!
Started: Phyl, 13 Nov 2022 15:41
Last post: Phyl, 28 Nov 2022 07:58
Nearly time to hear the opening bell... all investors here brace yourselves.
... but not tomorrow: Expecting a significant drop due to all the anti lockdown riots/protests following a flat fire killing a number of Chinese people. China remains the only major economy to adopt a strict lickdown strategy. The government much too proud to admit they got it all wrong and now they're paying the price. The problem is, there's no price you can put on people's lives.
Great upward movement on Friday. In fact, the best one day increase I've encountered in 4yrs of investing here. Once the Chinese government start to open up their country to the outside world (as well as their own) surely this trust will really start to claw itself back?
Started: TheLoaf, 26 Oct 2022 21:34
Last post: Pokerchips, 4 Nov 2022 12:20
I bought some at 260p but didnt throw in my full intended allocation.....Ten Cents share price etc showing good recovery from lows and the retail shares should benefit is COVID restrictions due improve going towards the Holiday season
Starting to move in the right direction. Covid lockdowns were always going to hold the Chinese stocks back and at some point that was always going to change. Well done to all those that opened or added to their positions over the last month.
Next on my list is Europe. Goes without saying the war and inflation are the headwinds for those stocks but at some point that will change.
GLA
I'm following the words of a certain Mr Buffett & buying when others are fearful.
The Hang Seng has dropped from its high of over 30,000 points to below 16,000 & JCGI has dropped from around 800p to below 270p.
I'm comfortable to keep adding at such levels & if all was rosy in China, then JCGi should be trading around double what it is today (or even treble).
I am looking at China but with the property sector , construction , manufacturing and retail all in the doldrums ...it doesn't look too great at the moment ....plus Xi Jinping in complete control of ideology with loyal followers all around him ...it isn't looking too favourable for business...
Something needs to change but what and when is the question ...
Started: TheLoaf, 24 Oct 2022 12:40
Last post: Saab93se, 24 Oct 2022 19:18
I’m in with 1000 shares, hedged with an equal value in gold miners.
Just bought back in on this one. At this price 2.615 it is offering 5.25% yield and a discount to Nav of 17.82%
The 2nd biggest economy in the world is not going anywhere. Unless they decide to Invade Taiwan and if that happens my 2K shares can sit with the Evraz ones.
I'm thinking the same thing!
I'm having a long, hard look at the Chinese stock market now & think there's got to be value found sooner or later !
Last post: Temple_of_Doom, 1 Aug 2022 11:31
Choppy share that is a leveraged play on the China Index …. Was heavily down in May sold out with a small profit as it past 400 dripping back in now buying back profits … hoping for 300p again … China lockdown may hit the share hard along with FT saturday suggesting business is rerouting supply away from China.
Taiwan is the political concern.
GLA
Sounds like a very good strategy to me. I'm heavily underwater here as I suspect many are but maybe too shy to post on here hence JCGI being one of the quieter boards. I've had some success averaging down over the past couple of years but reticent in this case but, like you, feel this fund could bounce on better news. Whenever that is!
Hi Phyl,
I think it's just us on here these days. ;)
I'm looking at maybe getting some more, but I'm going to try and hold off for a little as I do think it's going to drop further yet unless the news changes in China.
I'm looking towards the lows for the past 12months before I'll invest more, but I also see this rising again when the news changes, who knows when that will be though...could be next week, nxt month or next year.
All this said I'm not going to try and time it, I've just set my buying limit if it hits it, I'm in for more if not I'll wait for another opportunity. Keep the faith and enjoy the divis whilst you wait.
Hi Whateva, SP down a further 5% so far today and on top of further decline this week. My gut tells me to buy more now to average down as there's bound to be a recovery at some point but my head's telling me not to be so foolish! Not sure why we're paying these fund managers?
Hey Phyl,
I see that china is taking another lockdown precaution as you stated. I think this will cause the sp to drop a little.
TBH though, the they way this moved when they opened up (straight up), I see this as a steady investment and if it falls low again, I think I'll add some more rather than worry if it was a good buy or not. But this is only my opinion. Gla lth
Started: Thronegames, 30 May 2022 16:00
Last post: Phyl, 6 Jun 2022 15:18
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.
Last post: Whateva, 5 Apr 2022 13:37
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.
bought a few, small at this stage.
Started: Phyl, 11 Mar 2022 17:03
Last post: Etotheipi, 16 Mar 2022 10:33
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.
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!
Started: Whateva, 23 Feb 2022 20:48
Last post: Phyl, 11 Mar 2022 15:42
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.
Credit due where credit's due... JCGI so far today, in the blue! Perhaps those positive commentators are right after all! Fingers crossed for onwards & upwards!
Another 3% fall today. Sigh... and to think, we pay these fund managers for abstract failure! If they where football managers they'd be sacked well before now! One of the worst performing China trusts. If this was a school report I'd be writing: "must try harder". !!! OK, China has been a dog for some time but if this continues much longer this trust will become a penny share! On a more positive note, some commentators are saying China is now undervalued and maybe the market to once again consider? Certainly hope so. Apologies for the rant by the way.
Unfortunately, the SP is once again in negative territory (-4%+) while the rest of the market is generally up. Not sure why this is the case particularly as the majority of share trades today are purchases. Fingers crossed for a recovery later on today albeit I won't bank on it!