|Global Fixed Income Realisation
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Global Fixed Income Share Discussion Threads
Showing 276 to 300 of 300 messages
I would have thought so. Hopefully they will clarify the situation soon.|
|Do they have enough to make a further distribution?|
|I've spent a good few hours now looking through the portfolio, and I have probably underestimated some of the assets. Sufficiently enough to pick a few up at 13.75p.|
|Unfortunately no read across from ALF. Their last Factsheet was end November, and there was no apparent movement in any of the mutual holdings.|
|Any read across form the ALF fact sheet? They have similar holdings, no?|
|Given that the last Factsheet was end September, it is more likely that we have had an asset sale plus an NAV adjustment on another part of the portfolio.
There is a holding of an Abax Arhat fund which was valued at £545k in June that could fit the bill.
The interim report gives plenty of detail on the discounts applied, and it is interesting to note that the Autonomy fund 11D has not had one applied, so they must be confident of getting their capital returned.|
|Yes. Seems a bit bizarre, unless it's part of an existing asset that had been written off?|
|I'm struggling to work out the circumstances which would lead to a £600k increase in cash, £1.2m increase in assets, yet not narrow the difference between the two NAV's.|
|And the increase is different across the two navs. It will be interesting if the disposal exposes a relaxation of the reserves?|
|I guess a disposal moves the two nav figures closer together?|
|The Factsheet should be out in the next week, and it will be interesting to see which asset they have sold. With NAV increasing by £1.2m (8.39%), and cash increasing by £601k, it looks as if they have made a partial sale of an investment.|
|Yes, that's quite a good spot, seems small, but as the discount to NAV is so large, it limits the downside (unless they fritter it away of course)...|
|Indeed, cash has gone up by 600k. Hopefully they have got out of an asset at above holding value. The next Factsheet should resolve the question.|
|Interesting update yesterday. NAV up to 41p and cash now about 40% of market cap. They must have sold some assets.
|Apparently, "The Fund has moved to quarterly valuations and factsheets as part of the cost saving programme"... |
|I've emailed Nathan, see what he says, the fact sheets have been monthly, but had abruptly stopped?|
|Pretty sure we're due an update here?|
|No worries. It's in my sipp. I am a very patient man...|
|As I pointed out on the ALF thread GFIR are not expecting any significant realisations for about 3 years so good luck. I think you may have a long wait. The reason I mentioned GFIR was because it has some of the same investments as ALF and so you have another perspective on how to value them.|
|I was sent this way by hugepants on the ALF board. Similar sort of investments, but ALF have been returning cash lately, and have a less aggressive write down on those similar assets, so there should be value here soon. Brazilian market is up 50% from the lows...|
Caught by the apparent discount...Tendered as many as I could but left with a few.
I'm amazed that the board haven't been put to task on this one, as the portfolio looked nothing like the mandate on which it was floated.
There have been no meaningful disposals over the last year or so, and you have to wonder if they will ever be able to sell the remaining holdings, let alone at their holding values. There is a little bit of cash, but that can disappear over the years.|
|Thanks. Have you been in for 2 years?|
|Good luck; you are going to need it!|
|I'm in. Spread isn't as bad as it looks. Can buy at 10.8...|
|Missed the NAV announcement last week, but the August Factsheet makes better reading!|