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UKRO Ukraine

0.45
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Ukraine Opportunity Trust Investors - UKRO

Ukraine Opportunity Trust Investors - UKRO

Share Name Share Symbol Market Stock Type
Ukraine UKRO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.45 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.45
more quote information »

Top Investor Posts

Top Posts
Posted at 25/1/2013 15:05 by praipus
Long term holder and value investor Mr Greenwood buying again

now holding 16.6%!!!!

Tracking via RNS his other known value investments on the WAM thread
Posted at 18/4/2011 22:22 by gb904150
Praipus,

the thing is, i like the portfolio and i think the NAV performance has been pretty impressive. I think there's plenty more upside in that respect, but what's to say the share price follows?

Unless they start paying a chunky dividend then most investors will be turned off by a 4% TER....which is probably why we're at 55% discount to NAV.

So yes, in that respect the management fee is definitely "prejudicial to shareholder value". The share buybacks seem to make sense with such a huge discount. I'd prefer to see the money returned to shareholders though.
Posted at 18/4/2011 11:42 by gb904150
Isn't the killer here the TER? Some of these fees are absolutely scandalous. Add that to the fact they are calculated based on NAV and you suddenly find that share price +50% discount to NAV hits you twice as hard.

Surely until UKRO can come up with a more reasonable fee structure the NAV will remain massive and investors will be fleeced? Only an option to wind the fund up would close the current massive discount.

Management fee US$504,000 (2% of Net Asset Value of
the Company)

Performance fee US$nil (20% of increase in the Net
Asset Value of the Company since the
period when such fee was last earned).

Total expense ratio 4.1% (based on average Net Assets
throughout the year)

Any holders here? If so, what do you think of a TER of 4.1%?
Posted at 20/10/2010 15:35 by skyship
Mr. Bertrand Lipworth serves as Non-Executive Deputy Chairman of the Board of Ukraine Opportunity Trust Plc . Mr. Bertrand Lipworth has 28 years of experience in investment banking, private equity and venture capital gained at Samuel Montagu, Lazard and Kidder Peabody, followed by his own firm, Lipworth Capital. Lipworth Capital provides advisory services to the private equity, hedge fund and technology sectors and also makes principal investments. Mr. Lipworth was a founder and managing director of Paradigm Media Investments PLC, an AIM listed investment company, with prominent international investors, from 2000-2003. He is chairman of Sirenic Group Limited and a non-executive director of Bluewater Bio International, which is listed on AIM.


Mr. Nigel Pilkington serves as Non-Executive Director of Ukraine Opportunity Trust Plc. Mr. Nigel Pilkington is an investment adviser and current director of Blakeney Management, the specialist emerging markets investment manager. He is a former UK Head of Equity Sales at CSFB and a former director of Consulta, the investment management business. Mr. Pilkington is Head of SEB Venture Capital in London and chairman of Blakeney Investors.
Posted at 11/10/2010 17:59 by skyship
Enviro - again, where do you find them!?#~

Read yr mention on the HPEQ thread, incidentally, great to see them tick up again to 190p bid today.

What made me look further is the 7% stake taken by my namesake Nick Greenwood. During the "Split" days he was one of three Nick Greenwoods playing the game - he (ex-warburgs) & the iimia fund manager Nick Greenwood - both playing in size; then me - a smalltime SIPP investor!

My small SIPP grew quite nicely thanks to the Zeros; and the JDT thread is a legacy of those halcyon days of hotwired profits.

The ex-warburg NG always declared himself as Nick Greenwood rather than Nick John Greenwood - so who knows, there may be another of us out there!

Whatever - I suspect he is the one; and even though fallible (he like many others was caught in the Izodia scandal), he is a class act and one to follow.

The same might be said of you of course(!?) - so I've taken a small number on board - just 5k @ $2.45.
Posted at 08/10/2010 11:56 by rambutan2
enviro, he's a private investor/trust arb. He made a lot of money during the splits crisis when he took big positions in very beaten down trusts - see the old JDT thread. In recent years he's only appeared infrequently on rns ie this one, and a couple of winding up hedge funds.