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Pin to quick picksFidelity China Special Situations PLC Share News (FCSS)

Share Price Information for Fidelity China Special Situations PLC (FCSS)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 201.00
Bid: 200.50
Ask: 201.00
Change: 3.00 (1.52%)
Spread: 0.50 (0.249%)
Open: 202.00
High: 202.00
Low: 198.00
Prev. Close: 198.00
FCSS Live PriceLast checked at -

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Fidelity China Special Situations Lags Benchmark In Volatile Year

Wed, 05th Jun 2019 10:22

LONDON (Alliance News) - Fidelity China Special Situations PLC on Wednesday reported an underperformance against its benchmark in the recently completed financial year, due to a volatile period for Chinese equities.

For the year to the end of March, the investment trust saw a net asset value negative return of 5.3%, compared the MSCI China Index, which saw a total return of positive 0.9%.

Net asset value per share as at March 31 was 255.03 pence, down 6.4% from 272.55p o the same date a year before.

Fidelity China's share price at the end of March was 235.00p, reflecting a discount to net asset value of 7.9%.

Shares in the investment trust were 0.2% lower on the day Wednesday at 207.03 pence, having declined a further 12% since the financial year-end.

Fidelity China said that although the Chinese market started the year strong, the implementation of US President Trump's trade tariffs on Chinese exports to the US stifled market optimism. There was a slowdown in China's broader economy within the second half of 2018, marked by falls in China's manufacturing and non-manufacturing purchasing managers' index readings.

More specifically, Fidelity China suffered from declines in the consumer and technology sectors, as well as from not holding investments in larger, more defensive state-owned enterprises, such China Mobile and Ping An Insurance.

Fidelity China declared a dividend of 3.85 pence per share, up 10% from 3.50p the prior year.

"China remains a good stock-picking market. Volatility seems likely to continue and macro-economic and geopolitical noise will continue to impact the market from time to time. We remain focused on what matters most - the companies. For those operating in the sectors which are the main focus for the portfolio, such as, consumer, information technology and healthcare, the underlying growth drivers are strong," said Portfolio Manager Dale Nicholls.

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13 Mar 2024 12:06

IN BRIEF: Fidelity China to buy net assets from abrdn China for merger

Fidelity China Special Situations PLC - China-focused investment trust - Regarding combination of assets with those of abrdn China Investment Co Ltd, which was approved by the latter's shareholders on Wednesday, Fidelity China will buy about GBP126.6 million of net assets from abrdn China for the issue of 59.0 million new shares for about 214.6 pence each to abrdn China shareholders in accordance with the scheme. In November, the companies said that they agreed to create a closed-end investment vehicle in London with GBP1.2 billion in assets.

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19 Jan 2024 08:42

TOP NEWS: Another abrdn trust absorbed in Custodian Property merger

(Alliance News) - Custodian Property Income REIT PLC and abrdn Property Income Trust Ltd on Friday said they have agreed to an all-share merger to create a real estate investment trust with combined assets of GBP1.0 billion.

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28 Dec 2023 17:21

UK stocks subdued in thin holiday trade

FTSE 100, FTSE 250 flat

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29 Nov 2023 10:40

Fidelity China notes glum market sentiment as asset value falls

(Alliance News) - Fidelity China Special Situations PLC on Wednesday said net asset value decreased in its latest half year along with a negative total return.

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28 Nov 2023 16:54

LONDON MARKET CLOSE: European stocks perk up but end day mixed

(Alliance News) - European equities closed off session lows during a mixed day on Tuesday, while stocks in New York went into the afternoon in the green, as comments from Federal Reserve officials cemented expectations that the US central bank has already enacted its last hike of the cycle.

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28 Nov 2023 11:12

Fidelity and Abrdn China funds agree to merge

(Sharecast News) - Fidelity China Special Situations (FCSS) announced an agreement with Abrdn China Investment Company (ACIC) on Tuesday over a proposed combination of the two entities.

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28 Nov 2023 10:04

SMALL-CAP WINNERS & LOSERS: abrdn China rises on Fidelity China tie-up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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28 Nov 2023 09:25

Fidelity China to absorb abrdn China to create GBP1.2 billion investor

(Alliance News) - Two China-focused investment trusts on Tuesday said they have agreed to combine to create a closed-end investment vehicle in London with GBP1.2 billion in assets.

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20 Jul 2023 16:16

UK dividends calendar - next 7 days

Friday 21 July 
abrdn Japan Investment Trustdividend payment date
C&C Group PLCdividend payment date
Experian PLCdividend payment date
ICG Enterprise Trust PLCdividend payment date
Impax Asset Management Group PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
Land Securities Group PLCdividend payment date
Learning Technologies Group PLCdividend payment date
Montanaro UK Smaller Cos Investment Trust PLCex-dividend payment date
RS Group PLCdividend payment date
RWS Holdings PLCdividend payment date
Urban Logistics REIT PLCdividend payment date
Monday 24 July 
no events scheduled 
Tuesday 25 July 
Brunner Investment Trust PLCdividend payment date
Wednesday 26 July 
Airtel Africa PLCdividend payment date
Baillie Gifford China Growth Trust PLCdividend payment date
Camellia PLCdividend payment date
Ecora Resources PLCdividend payment date
Worldwide Healthcare Trust PLCdividend payment date
Thursday 27 July 
abrdn Asian Income Fund Ltdex-dividend payment date
AEW UK REIT PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
BlackRock Throgmorton Trust PLCex-dividend payment date
Bloomsbury Publishing PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
Compass Group PLCdividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
Diverse Income Trust PLCex-dividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCex-dividend payment date
Fidelity China Special Situations PLCdividend payment date
Fuller, Smith & Turner PLCdividend payment date
GCP Asset Backed Income Fund Ltdex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
International Biotechnology Trust PLCex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan China Growth & Income PLCex-dividend payment date
JPMorgan Claverhouse Investment Trust PLCex-dividend payment date
Mears Group PLCdividend payment date
MoneySupermarket.com Group PLCex-dividend payment date
Monks Investment Trust PLCex-dividend payment date
Nexteq PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Qinetiq Group PLCex-dividend payment date
Redcentric PLCex-dividend payment date
Serica Energy PLCdividend payment date
Smart Metering Systems PLCdividend payment date
Sportech PLCex-dividend payment date
SSE PLCex-dividend payment date
Tribal Group PLCdividend payment date
VPC Specialty Lending Investments PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Jul 2023 15:58

UK shareholder meetings calendar - next 7 days

Friday 14 July 
Templeton Emerging Markets Investment Trust PLCAGM
Monday 17 July 
All ThingsConsidered Group PLCAGM
Tower Resources PLCAGM
Tuesday 18 July 
Alkemy Capital Investments PLCAGM
Bloomsbury Publishing PLCAGM
CT Property Trust LtdGM re takeover by LondonMetric Property
e-Therapeutics PLCAGM
MobilityOne LtdEGM re Tete planned JV deadline extension
SmartSpace Software PLCAGM
Strategic Minerals PLCAGM
Wynnstay Properties PLCAGM
Wednesday 19 July 
Berkeley Energia LtdAGM
Caledonian Trust PLCAGM
DG Innovate PLCAGM
Experian PLCAGM
HICL Infrastructure PLCAGM
Mind Gym PLCAGM
Sportech PLCGM re share capital restructure
Triple Point Income VCT PLCAGM
Thursday 20 July 
ACG Acquisition Co LtdEGM re acquisition of the Atlantic Nickel
Big Yellow Group PLCAGM
CT UK High Income Trust PLCAGM
Evgen Pharma PLCAGM
FD Technologies PLCAGM
Fuller, Smith & Turner PLCAGM
GB Group PLCAGM
Halma PLCAGM
Intermediate Capital Group PLCAGM
International Distributions Services PLCAGM
Fidelity China Special Situations PLCAGM
Johnson Matthey PLCAGM
Kingspan Group PLCEGM re delisting
Pennon Group PLCAGM
Premier Foods PLCAGM
Premier Miton Group PLCAGM
Qinetiq Group PLCAGM
SSE PLCAGM
TR Property Investment Trust PLCAGM
VP PLCAGM
Weiss Korea Opportunity Fund LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Jun 2023 15:50

UK dividends calendar - next 7 days

Friday 9 June 
Advanced Medical Solutions Group PLCdividend payment date
AG Barr PLCdividend payment date
Civitas Social Housing PLCdividend payment date
Diploma PLCdividend payment date
Focusrite PLCdividend payment date
Irish Continental Group PLCspecial ex-dividend payment date
James Halstead PLCdividend payment date
Serco Group PLCdividend payment date
SThree PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 12 June 
GCP Asset Backed Income Fund Ltddividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCdividend payment date
North American Income Trust PLCdividend payment date
Tuesday 13 June 
Bank of Ireland Group PLCdividend payment date
Hiscox Ltddividend payment date
JPMorgan Claverhouse Investment Trust PLCdividend payment date
Ten Entertainment Group PLCdividend payment date
Wednesday 14 June 
no events scheduled 
Thursday 15 June 
AVI Global Trust PLCex-dividend payment date
Blackrock Energy & Resources Income Trust PLCex-dividend payment date
Blackrock Frontiers Investment Trust PLCex-dividend payment date
Brunner Investment Trust PLCex-dividend payment date
Camellia PLCex-dividend payment date
Computacenter PLCex-dividend payment date
CT Property Trust Ltdex-dividend payment date
Digital 9 Infrastructure PLCex-dividend payment date
Ecora Resources PLCex-dividend payment date
EMIS Group PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fidelity China Special Situations PLCex-dividend payment date
Forterra PLCex-dividend payment date
Henderson High Income Trust PLCex-dividend payment date
Impax Asset Management Group PLCex-dividend payment date
Intermediate Capital Group PLCex-dividend payment date
Intertek Group PLCdividend payment date
Land Securities Group PLCex-dividend payment date
LXi REIT PLCex-dividend payment date
Murray Income Trust PLCdividend payment date
NewRiver REIT PLCex-dividend payment date
Pets At Home Group PLCex-dividend payment date
Pharos Energy PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
RS Group PLCex-dividend payment date
S&U PLCex-dividend payment date
Schroder Real Estate Investment Trust Ltdex-dividend payment date
SDCL Energy Efficiency Income Trust PLCex-dividend payment date
STS Global Income & Growth Trust PLCex-dividend payment date
ThomasLloyd Energy Impact Trust PLCex-dividend payment date
Unilever PLCdividend payment date
Warehouse REIT PLCex-dividend payment date
XP Power Ltdex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Jun 2023 11:39

IN BRIEF: Fidelity China annual net asset value rises; lifts dividend

Fidelity China Special Situations PLC - China-focused investment trust - Total net asset value per share as at March 31 stands at 274.08 pence, up from 272.52p on the same date a year earlier. NAV return for the year ended on March 31 is 2.6%, outperforming the MSCI China index, which returns 1.4%. Declares a dividend of 6.25 pence per share for financial 2023, up 14% from 5.50p a year prior. Looking ahead, says GDP growth is forecast to come back in line with longer-term trends at above 5% in 2023.

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5 Dec 2022 16:57

LONDON MARKET CLOSE: FTSE rises but New York feels heat from US jobs

(Alliance News) - London's FTSE 100 ended higher on Monday, with China-exposed stocks getting a boost, though it was a less-than-stellar start to the week in New York with equities there still reeling from a red-hot jobs report.

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5 Dec 2022 12:20

LONDON MARKET MIDDAY: FTSE 100 lifted by reopening hopes for China

(Alliance News) - Stocks in London were broadly higher at midday on Monday, buoyed by the prospect of China making progress towards reopening after three years of economically damaging lockdowns.

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5 Dec 2022 09:10

LONDON MARKET OPEN: FTSE 100 gain hindered as pound nears USD1.23

(Alliance News) - Stock prices in London opened flat on Monday, with the FTSE 100 held back by a strong pound, despite gains for its China-exposed listings, as Asia's largest economy eases its strict Covid measures.

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