Member Info for lynchisgod

This company seems like a good buy for Tesla or, maybe better yet, Dyson

Due to high book value it would be a good time to spend free cash flow buying back shares? Similar situation to Berkshire where the best return on investment is in own shares?

Cancelling share placement good for shareholders. No dilution of holdings, management looking after shareholders.

One of the directors is buying up shares.

FCSS owns ~15m in Alibaba Group at a value of $48bn. Recent news suggests that this group will IPO at $100bn therefore adding at least 2% to FCSS NAV. This news is also driving YAHOO and SoftBAnk values. Can someone calculate the exact effect on the NAV? http://m.investmentweek.co.uk/investment-week/news/2284854/the-unlisted-stock-which-could-land-fidelity-s-bolton-a-big-payday