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Abrdn China Investment Company Limited (ACIC) ORD GBP0.01

Sell:407.00p Buy:410.00p 0 Change: 1.00p (0.25%)
Market closed Prices as at close on 29 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Abrdn China Investment Company Limited ORD GBP0.01

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Feb 2024)

The Board of Abrdn China Investment Company Limited is proposing to wind up the company. You can take no action and receive new Fidelity China Special Situations plc shares or elect to receive cash in place of your holding.

 

Option 1 - Rollover into Fidelity China Special Situations plc (DEFAULT). You can rollover your holding into new Fidelity China Special Situations plc (FCSS) shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the FCSS shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 33% of the shares in issue, so if you elect for cash for more than 33% of your holding you may not get all you ask for.

 

Electing for cash – Act by noon Tuesday 5 March 2024

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:407.00p
Buy:410.00p
Change: 1.00p (0.25%)
Market closed Prices as at close on 29 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Abrdn China Investment Company Limited ORD GBP0.01

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Feb 2024)

The Board of Abrdn China Investment Company Limited is proposing to wind up the company. You can take no action and receive new Fidelity China Special Situations plc shares or elect to receive cash in place of your holding.

 

Option 1 - Rollover into Fidelity China Special Situations plc (DEFAULT). You can rollover your holding into new Fidelity China Special Situations plc (FCSS) shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the FCSS shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 33% of the shares in issue, so if you elect for cash for more than 33% of your holding you may not get all you ask for.

 

Electing for cash – Act by noon Tuesday 5 March 2024

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:407.00p
Buy:410.00p
Change: 1.00p (0.25%)
Market closed Prices as at close on 29 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Abrdn China Investment Company Limited ORD GBP0.01

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Feb 2024)

The Board of Abrdn China Investment Company Limited is proposing to wind up the company. You can take no action and receive new Fidelity China Special Situations plc shares or elect to receive cash in place of your holding.

 

Option 1 - Rollover into Fidelity China Special Situations plc (DEFAULT). You can rollover your holding into new Fidelity China Special Situations plc (FCSS) shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the FCSS shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 33% of the shares in issue, so if you elect for cash for more than 33% of your holding you may not get all you ask for.

 

Electing for cash – Act by noon Tuesday 5 March 2024

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Financial results for the last 5 years

Values are quoted in the stock's local currency: British pound.

Income Statement: 31/10/2023 31/10/2022 31/10/2021 31/10/2020 31/10/2019
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Revenue: 4.00 4.11 3.67 4.19 4.86
Operating Profit / (Loss): 1.23 2.17 0.03 1.13 1.65
Net Interest: (0.56) (0.11) (0.18) (0.21) (0.32)
Profit Before Tax: 0.67 2.07 (0.14) 0.92 1.33
Profit after tax from continuing operations: 0.41 1.85 (0.28) 0.73 1.11
Discontinued Operations:   
Profit after tax from discontinuing operations: n/a n/a n/a n/a n/a
Profit for the period: 0.41 1.85 (0.28) 0.73 1.11
Attributable to:   
Equity holders of parent company: 0.41 1.85 (0.28) 0.73 1.11
Minority Interests / Other Equity: n/a n/a n/a n/a n/a
Total Dividend Paid: c n/a c n/a c n/a c n/a c n/a
Retained Profit / (Loss) for the Financial Year: c n/a c n/a c n/a c n/a c n/a
Earnings per Share:   
Basic: 0.95p 4.00p -0.61p 1.60p 2.41p
Diluted: 0.95p 4.00p -0.61p 1.60p 2.41p
Adjusted: 0.95p 4.00p -0.61p 1.60p 2.41p
Dividend per Share: 0.00p 3.20p 17.25p 22.00p 21.00p
Balance Sheet: 31/10/2023 31/10/2022 31/10/2021 31/10/2020 31/10/2019
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Assets:   
Non-Current Assets:   
Property, Plant & Equipment: n/a n/a n/a n/a n/a
Intangible Assets: n/a n/a n/a n/a n/a
Investment Properties: n/a n/a n/a n/a n/a
Investments: 220.48 224.06 112.91 324.98 328.71
Other Financial Assets: n/a n/a n/a n/a n/a
Other Non-Current Assets: n/a n/a n/a n/a n/a
  220.48 224.06 112.91 324.98 328.71
Current Assets:   
Inventories: n/a n/a n/a n/a n/a
Trade and Other Receivables: 0.11 0.06 0.12 0.37 0.35
Cash at Bank & In Hand: 8.75 8.53 201.79 8.31 1.19
Current Asset Investments: n/a n/a n/a n/a n/a
Other Current Assets: n/a n/a 59.84 0.92 0.07
  8.86 8.59 261.75 9.61 1.61
Other Assets: n/a n/a n/a n/a n/a
Total Assets: 229.34 232.65 374.66 334.58 330.33
Liabilities:   
Current Liabilities:   
Borrowings: 15.36 n/a n/a 12.50 25.00
Other Current Liabilities: 0.73 0.81 0.87 1.11 0.45
  16.09 0.81 0.87 13.61 25.45
Net Current Assets: c n/a c n/a c n/a c n/a c n/a
Non-Current Liabilities:   
Borrowings: n/a n/a n/a n/a n/a
Provisions: n/a n/a n/a n/a n/a
Other Non-Current Liabilities: n/a n/a n/a n/a n/a
  n/a n/a n/a n/a n/a
Other Liabilities: n/a n/a n/a n/a n/a
Total Liabilities: 16.09 0.81 0.87 13.61 25.45
Net Assets: 213.25 231.84 373.79 320.97 304.88
Capital & reserves:   
Share Capital: 133.95 147.74 148.74 149.62 149.62
Share Premium Account: n/a n/a n/a n/a n/a
Other Reserves: 82.53 87.74 230.54 176.56 161.20
Retained Earnings: (3.23) (3.64) (5.49) (5.21) (5.94)
Shareholders Funds: 213.25 231.84 373.79 320.97 304.88
Minority Interests / Other Equity: n/a n/a n/a n/a n/a
Total Equity: 213.25 231.84 373.79 320.97 304.88

a. Includes discontinued activities
b. Including assets due in more than one year
c. Not disclosed under IFRS
d. Total fixed assets
e. Includes borrowings

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Financials provided by Digital Look Ltd.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.