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| 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 |
| Top Posts |
|---|
Posted at 06/3/2014 07:01 by commander t Steve Briggs - thanks.--- UKRO is listed on the main exhange; Halifax share dealing allows you to buy it on my screen, although it is not ISA wrapper eligible. |
Posted at 05/3/2014 19:20 by zcaprd7 Anyway, how do I buy ukro? |
Posted at 04/3/2014 20:05 by commander t I mentioned UKRO in my video on youtube in December, very briefly 2:40m in |
Posted at 14/3/2012 16:08 by envirovision Interesting, UKRO certainly looks a bit of an anomaly, as does AURR, however UKRO being priced in USD offers one direct dollar protected capital. |
Posted at 14/3/2012 12:42 by wexboy Hi folks,Just finished a two part review of all Russia focused/related closed-end funds out there, including UKRO - hope you'll take a look & comment: Cheers, Wexboy |
Posted at 18/4/2011 21:45 by gb904150 interesting that UKRO can retain no more than 15% of the income from its holdings.Dividend Policy As the Company's objective is to achieve long term capital growth, it is likely that a high proportion of the investments that it makes will be in relatively low yielding securities. In order to obtain approval as an investment trust, the Company may not retain more than 15 per cent of the income that it derives from shares and securities. However, given the low yielding nature of many of its likely investments, it is anticipated that the Company will pay only a nominal annual dividend, if any. For the first few financial years of the Company, however, the Company is likely to pay a higher dividend as it is likely to have a greater proportion of its assets invested in money market investments and therefore to receive a greater amount of income (which is likely to be subject to taxation) than in later years. |
Posted at 18/4/2011 20:45 by gb904150 Even though UKRO is denominated in USD the assets are almost certainly in Hryvnia (UAH).We're talking restaurant chains, banks, food producers. All those transactions, all in local currency. If the USD falls by 10% vs UAH then then the NAV in USD will increase to reflect that. For that reason the USD listing isn't an issue for me. The TER @ 4.1% is!! I wonder when the next opportunity to wind this up will be? Surely we need some shareholder action to extract some value rather than see it disappear into fund manager's pockets? |
Posted at 18/4/2011 12:48 by praipus Happy holder of UKRO...though not happy with my market timming...lol.TER 2 and 20% is quite normal (for Hedge Funds and Private Equity)....anoying that the 2% exceeds the revenue. share price at a 50% discount to NAV is NOT normal. What is your total exposure to US$ as a % of your portfolio then envirovision? |
Posted at 18/4/2011 12:41 by gb904150 hi enviroNice example. I just think that with UKRO it's particularly bad due to the performance fee calculated as a percentage of NAV. NAV is double the share price and thus overall the fee is double what a reasonable charge would be. It's not unreasonable - the manager's job is to boost NAV, but there needs to be incentives for narrowing the ridiculous NAV/SP gap. A chunky dividend would go a long way to doing that. Say if those assets can turn a 3% dividend (reasonable). With the NAV being double the share price that would be a 6% dividend, with a strong chance of capital appreciation. You would quickly see the share price on a tear. |
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%? |
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