Fidelity China Special Situations (FCSS)

Sector:

Investment Firms

Index:

FTSE 250

222.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 243.00
  • 52 Week Low: 182.60
  • Currency: UK Pounds
  • Shares Issued: 523.20m
  • Volume: 663,653
  • Market Cap: £1,161.51m

Tuesday newspaper share tips: Fidelity China Special Situations, Essentra

By Alexander Bueso

Date: Tuesday 22 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Fidelity China Special Situations rode the wave of Chinese consumption growth higher this year, vindicating the original strategy put in place by Anthony Bolton and is now a buy, according to The Times´s Tempus.
Unfortunately, success required that investors remain patient, with the 80,000 small investors who followed Bolton into the Middle Kingdom in 2010 suffering a rocky first couple of years.

Bolton´s successor, Dale Nicholls, continued to invest in the likes of Alibaba, but it is smaller stocks where he has done especially well, the tipster explained.

Among the companies targeted by FCSS are BMW dealerships to private education providers, but all focused on the Asian giant´s burgeoning middle class.

Nicholls has also taken on some "meaty conviction positions", disregarding banks completely and even short-selling some property firms, Tempus said.

As ever, Capitalism in a one-party system is a contradiction, but FCSS is now trading at a 15% discount to its net assets, versus the 10% premium they sported in the days gone by of Bolton.

"Buy. WHY? Gives actively managed exposure to world's second biggest economy at a hefty discount," Tempus said.


Essentra´s latest profit warning can be explained in part by factors largely out of management´s control, but the firm´s multiple self-inflicted wounds means the shares are best avoided.

Among said factors are Beijing´s clampdown on smoking and the drop in the oil price, which hurt the firm´s pipe protection technology arm.

However, Essentra has nobody but itself to blame for the problems integrating the specialist packaging business it picked up from US-baed Clondalkin Group a couple of years ago.

"Avoid," Tempus concluded.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

FCSS Market Data

Currency UK Pounds
Share Price 222.00p
Change Today -5.00p
% Change -2.20 %
52 Week High 243.00
52 Week Low 182.60
Volume 663,653
Shares Issued 523.20m
Market Cap £1,161.51m

FCSS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.28% below the market average65.28% below the market average65.28% below the market average65.28% below the market average65.28% below the market average
34.67% below the sector average34.67% below the sector average34.67% below the sector average34.67% below the sector average34.67% below the sector average
Price Trend
13.64% above the market average13.64% above the market average13.64% above the market average13.64% above the market average13.64% above the market average
0.3% below the sector average0.3% below the sector average0.3% below the sector average0.3% below the sector average0.3% below the sector average
Income
27.8% below the market average27.8% below the market average27.8% below the market average27.8% below the market average27.8% below the market average
37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average
Growth
6.87% above the market average6.87% above the market average6.87% above the market average6.87% above the market average6.87% above the market average
10.10% above the sector average10.10% above the sector average10.10% above the sector average10.10% above the sector average10.10% above the sector average

FCSS Dividends

  Latest Previous
  Final Final
Ex-Div 15-Jun-23 16-Jun-22
Paid 27-Jul-23 27-Jul-22
Amount 6.25p 5.50p

Trades for 31-May-2024

Time Volume / Share Price
16:35 1 @ 222.00p
16:35 594 @ 222.00p
16:35 24,405 @ 222.00p
16:35 717 @ 222.00p
16:35 5,328 @ 222.00p

Top of Page