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Ashmr. Gbl.GBP Share Discussion Threads
Showing 151 to 174 of 175 messages
|I have so few shares I do not follow very much but just skimmed the interims and I see we will not be getting any more distributions this year.
I see that the discount at end June was 25% and they repeated that they are thinking of doing away with the stock market listing to save money. Understandable but net assets are $56m and there are many smaller investment trusts and would prefer that they liquidate at least one of the big three remaining.
That said I cannot see myself buying more-or indeed selling with the discount involved and there have been only 5 trades since Aug 11th for a total of just under £5k.|
|See end of Oct NAV has fallen to £5.1 but the good news is that may have been a slight recovery in November. They do not give us a £ sterling figure but the US$ figure went up a bit and £ depreciated against the $
No mood to add at least till we get the annual report|
|Look at the drop in Ashmore`s own share price down to 310 p. Says it all.|
|Yes, dog fund indeed! Ashmore are supposed to be a good fund manager, but they have been rubbish with this closed end vehicle.|
|Pretty depressing reading what with Jasper, Emtek and pacnet; not in the year to Sept 14 NAV in GBP has fallen from 7.05 to 5.26 and indeed 4 year ago was 9.52.
Not clear why now they have to refine the valuation methodology of Emtek and what has happened for this to happen
I am neither buying or selling|
|The fact that this distribution -the first in 6 months-is just for 3% is disappointing but not all that surprising given that we were told in the April 23 IMS that there had been no sales in Q1.|
|What a dog fund this has been!|
|They can not get RNS right so new one issued .
NAV 6.25 ?
Hope we get 5.50 plus back.|
|Agree.they suppose to keep eye on positions.
agree with post 144 and 145.they should have been more careful.let's hope we get 6.20 back and try to get money us back .|
|feel sorry for those stuck in here. I had a look a while back but managed to stay away. Ive had experience elsewhere in positions where it was stated they couldn't provide a date for liquidity. My experience from that was that you ended up writing down the position to nil because it was either a fraud and the fund manager was going to just screw you over or the fund manager was just going to carry on managing the asset with a view to collecting fees. GFIR is in a very similar situation. I would do some thorough due diligence if attracted by similar opportunities in the future.|
|Ashmore are supposed to be a great fund manager. This is their only listed vehicle. Is it just a great sales organisation or do their fund managers actually have any merit?|
|Yes, a shambolic announcement. Surely some explanation is warranted. Makes you wonder if they have any clue what is going on!|
|I see they wrote the equity down by 26% as at June 30; despite this the %age of Odebrecht;s share of theportfolio went up marginally from 12.26% to 12.31%, the reason being that in the first half financial investments declined from $458m to $335m.
Someone had their eye off the ball|
|If this was not in run off the Directors would have a lot to answer for
note this from last IMS dated Oct 17-6 weeks ago- which does not send any negative signals
The company is on track to double EBITDA from last year's levels. Frost in Brazil has affected the harvest somewhat but the company should still produce over 23 million tonnes of sugarcane, compared to 19 million tonnes last year. Capex for re-planting and for expansion of agricultural land remains considerable and debt has continued to rise as a result.|
|Not nice. The valuation of that worrying asset in Brazil chopped by 90%. Drops the NAV by 11.6% from 7.04 to 6.22 - possibly less because of the £Sterling strength.|
|Got some money back in A/c yesterday for partial redemption .|
|Noteworthy that Asset Value/BTEM have taken a 5% stake at £4.96. They consider themselves deep value investors.|
|But maybe the Fed's decision yesterday will help emerging markets...|
|Further decline in NAV to 7.14£ at end of August down from £7.85 at end of May..strong pound does not help either|
|Hm - still don't like these. Sure the share price has fallen markedly since March (part was due to tender of course), but so has the NAV fallen. With doubts over Brazil the GRY of 12.8% to the full 729 NAV looks far too low.
Better value in other more secure liquidating stocks:
# ACD - 99p. NAV 108.4p, target NAV of 115p at 31/03/2015. GRY = 13.8% (inc current yield of 3.8%)
# APT - 40p. NAV 59.8p, target NAV of 53.5p at 31/12/2015. GRY = 13.4%
# LSR - 27.5p. NAV 46p, target NAV of 46p at 30/06/2017. GRY = 15.6%
# NRI - 315p. NAV 364.2p, target NAV of 435p at 31/12/2015. GRY = 18.0%
Plenty of detail on the individual threads; and of course on the SL thread...|
|See they had a disappointing july with month end NAV at 7.29 compared to £9.92 at July 2011|
|Bad luck with Barclays. Kudos to SIPPdeal, who I have mine with: they credited my account late Friday and all was processed by Monday.|
As I want to get clarity for how these asset managers report their holdings when they have a multitude of funds I phoned up the Blackrock people to see what significance there is if it is in the name of Blackrock Inc or one of their funds; where it says Blackrock Inc it means holdings in all funds managed by Blackrock; could not get an answer as to why there was the June 26 RNS for the Channel island Funds but I guess as the trade was done in two years ago there was an operational screw up.
The price seems low-even after the late rise this pm; Barclays have suspended on line trading until they have processed the share redemption which they seem to be labouring over.|
|Don't think the holding referred to on June 26th is the same as the one in today's RNS. That older one refers to "BlackRock Institutional Jersey Funds", rather than BlackRock Inc.
The last holdings notice relating to BlackRock Inc I found was on 5th Jan 2012, when they held 14.5% - only slightly above today's announcement.