|Edinburgh Dragon Trust
||EPS - Basic
||Market Cap (m)
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Edinburgh Dragon Trust Share Discussion Threads
Showing 26 to 49 of 50 messages
|Added a few of the 3.5% convertible unsecured loan stock (EFCM) today. Better margin of safety (and better value) in my opinion than the ordinary shares as they pretty much guarantee 1-2% per annum to redemption (after a 9% possible capital loss) with significant upside if the ordinary shares are higher than 310p in 4.5 years time.|
|EDINBURGH DRAGON PERFORMS WELL IN VOLATILE CONDITIONS
Edinburgh Dragon Trust, the FTSE 250 Asian investment trust, has seen its net asset value (NAV) outperform its benchmark in the first half despite volatile conditions in equity markets.
The group, whose objective is long-term capital growth through investment in the Far East (excluding Japan and Australasia), said that NAV rose 8.7% in sterling terms on a total return basis in the six months to February 29th, compared with the 7.4% rise for the MSCI All Country Asia (excluding Japan) Index. "Good stock selection", notably in Hong Kong and China, drove the outperformance, the group said.
The firm's share price, which rose from 230p to 252.6p during the period, was trading at a 6.4% discount to NAV, narrower than the 8.5% at the start of the period.
"Although Asia remains vulnerable to the uncertain global economic and market conditions, its dependence on external demand will gradually decrease over the longer term as domestic consumption and investment continues to rise. The region's economic fundamentals remain robust with healthy company balance sheets, good corporate earnings and valuations remain reasonable," the company said.
The Eurozone debt crisis and 'hard-landing' concerns in China fuelled a sell-off at the start of the company's first half, but were followed by a rebound that last till the period-end "thanks to continued central bank support which eased contagion fears." US economic data and the Federal Reserve's low-rate pledge also helped sentiment, the group said.
The company revenue account recorded a deficit on ordinary activities after taxation of £807,000 (-0.41p per share) compared with a return of £115,000 (0.06p per share) in the first half last year, due to the interest on the 3.5% cumulative unsecured loan stock 2018 being charged to the revenue account.
However, the company assured that the majority of its portfolio income is accounted for in the second half and it anticipated making a positive revenue return for the full year.
Here's a couple of links about SCLP, one of the hottest stocks at the moment:
|Looking interesting, Asia could well outperform Europe this year.|
My thanks, EFM & Allan McKenzie. Same again next year please.|
|So much for my forecast on Feb 24.09.
Added to the stock this morning.
Notice at the graph Aberdeen New Dawn outperforming EFM, I wonder how long that will be.
CLICK GRAPH TO ENLARGE
|Hi thanks for the reply, I have come onboard,and was wondering what others felt about it.|
|Been here a few years. A favourite IT in the bedrock of my ISA. Dont follow closely but happy to have it|
|Anyone here ?|
|I think we will hit 90p.|
My view is it will break 118p to the downside.
Maybe test 90p.|
|My view this is the best Investment Trust in Asia.
Aberdeen New Dawn track record is good but now I prefer EFM.
Both trusts have similar top 10 holdings.
Aberdeen New Dawn fact sheet 31.12.08:-
Edinburgh Dragon fact sheet 31.12.08:-
|Well if I had, and I did, I'd be down a furtehr 20% in China but we could be seing a bottom there, so this too is again very intersesting.|
|JMC discount is very much greater, but I believe offers better value. go for JMC China ( which isn't all CHina and is 3o% Hong Kong)|
|It will soon be time to revisit EFM 's Dragon trust,
audited! NAV IS 172P ( 15TH Nov) share price is around 144.5 - a hefty discount. Also the share has shed 30p recently. Watch for an entry point in coming days and weeks
JP Morgan this week considers that after any weak period ( ie now!) the places to be in 2008 are
Thailand Hong Kong Malaysia and China.
Compared with TEM ( Templeton) there should be little exposure to Taiwan and Korea ( both are exposed to a US downtirn as key supplier countries)
however the countries mentioned above should return 16-20% gains in spite of a good 2007 .|
|NAV reportedas 167p.... a discount of over 18% to the share price.
There is value here.|
|has anyone invested in dragon of late?...i have retired year end and looking to diversify my portfolio for growth. is the sector (asia) still looking good,or has it topped?................i am currently going over the efm website,and aber.asset mang too.can anyone give me a reason for the big slip in the share price from 140p area last spring?..........cheers..stu|
|In BTEM (Brit Emp IT)annual report, investment manager says have same well respected inv't team from Aberdeen but are at greater discount to NAV (%5) than Ab. New Dawn (which have been good to me over some yrs).|
|this went xd last week .1228p per share.
now is that £0.001228, a little under £1 per £1000 investment?
because if it is I'd rather they save the Post|
|Plot thickens at Hansard
Public relations outfit Hansard shot up 2.25p, or 22 per cent, to 12.5p after saying it was in talks with one of its clients, stockbroker Sky Capital, that may lead to an offer for the group.
Only a fortnight beforehand Hansard had pulled out of takeover talks with another Aim company, NWD. Sky itself recently acquired former licensed share dealer Everett Financial Management.|
|Can anyone save me some time and tell me what happened to them?
|Bought some of these Yesterday for my ISA - Anyone else hold or know if any warrants are available ?|
|time to get EFM for the long term|
Your expectations were fulfilled! :-)|
|I sold these today - I thought they were looking a bit toppy yesterday, no other reason. I expect that means they'll carry on up now!|