Baillie Gifford Shin Nippon PLC Share Price (BGS)

Fantasy’s RNS . Kepler have released a report which may be influenced by the relationship with the company and they maybe financially involved . What a load of drivel. Why can’t they just say what their position is like a grown up!

I had a BG Japan smaller companies fund which I dumped last year after atrocious results. I have a number of other trusts with the likes of L&G which are ticking along nicely. Sometimes best to cut your loses and move on…

Yes the board definitely need to get a grip. All they could do at their last report was to offer to buy some shares back at a smaller discount in 2027! Are they joking? Who wants to wait that long? Buying back shares isn't working, as, if you look, they're spending a ton of money on a weekly basis. Their PR is atrocious too. How about some new information in their fact sheet instead of a bland restatement of what they've already said.

Even Elliot and co. don't seem to be interested in an activist intervention, as they did so successfully with SMT, this trust has sunk to such a low.

BGS are spending £50k on marketing their own shares, but the only buyer is themselves as they try in desperation to narrow the discount. You couldn't make it up. The BoD needs to get a grip.

Generally trust funds have been abysmal across the board. A small part can be put down to widening nav discount . Some funds are trading at almost 50% discount to nav. Not quite the case here. BG have even performed poorly in America where the Dow has hit record highs.i thought Japan looked good for recovery after the Olympics, and yes currency had also been an issue. I watched a very amateur presentation by the guy who runs BGFD . It was embarrassingly awful. They did a lot of share shuffling a while back which looks to have done further damage to the trust. I had five trusts and decided to ditch the lot including Schroders which actually has performed quite well. Stock picking is more crucial than ever and I feel the problem is that they have too much money to manage. Personally I doubt I would ever buy a trust fund again. Aside from loosing capital value, few even pay a decent dividend, while some of my stocks yield anywhere between 3 and 7%. I had done ok in Japan, sold up and then also thought it was looking cheap. I cut my losses last year and fortunately made up the losses pretty quick. It is a very tricky environment both politically and climate wise. i seem to recall Japan recently escaped another tsunami, but they did have a tremor or two I think. There is always something to worry about. Its either a ten year investment to tuck away and forget or you have to get much more hands on and cut losses . I chose the latter. Gl