Weiss Korea Opportunity Share Discussion Threads

[davebowler] 18/5/2013 12:02

I like the Establishment Trust too.

[davebowler] 18/5/2013 11:54

I still can't find the Standard article jaws6. Did you find it?

[jaws6] 17/5/2013 13:54

small tick up

[jaws6] 17/5/2013 12:29

any fund you like other then Milton who picked up this from RNS here ?

[jaws6] 17/5/2013 11:54

dave
hope you read that.

[davebowler] 17/5/2013 11:01

Any chance of a link to the article jaws6?

[jaws6] 17/5/2013 09:58

dave
Great work.g luck.saw artical in standard yesterday on this.

[praipus] 17/5/2013 09:34

Thanks davebowler I've added a link to here from the WAM thread.

And a WKOF chart to post_3 on the WAM thread.

For those that dont know I track Weiss and other systematic value investors holdings RNS on the WAM thread:)

[yieldsearch] 16/5/2013 22:24

interesting but it seems that they dont hedge the currency risk back to gbp? if Korea is doing QE, one would expect the local currency to depreciate against foreign and therefore potential gain on the pref share could be negated by the change in FX rate?
But i guess i would have more faith in any asian currency than any europeans..

Also not familiar with Korean pref non pref.. if voting shares offers little advantage in korea, why on earth local people are buying voting shares when they could buy at a deep discount the prefs?

[davebowler] 15/5/2013 13:29

In other words, how to buy Korean shares at 35p in the £!

[davebowler] 15/5/2013 13:28

Midas Investment Management research;
Weiss have a proven track record, with average annualised net returns of 16.5 per cent since inception in 1991. They specialise in deep value and invest globally in discounted assets, working to exit these assets at narrower discounts.

They believe one of the most attractive and mispriced investment opportunities in the world right now is the Korean Preference Share market. Preference shares in Korea are currently trading at an average 65 per cent discount to their ordinary counterpart, with the main difference being they are non-voting (voting - in any event offers little advantage in Korea).

The fund will have no performance fee and will offer a full exit at Formula Asset Value ("FAV") after 4 years and every 2 years thereafter. There will be a 40 per cent annual share buyback in place from the beginning to avoid a discount.

At Midas, we like Korea and analysts believe that they may be the next country to embark on a round of Quantitative Easing ("QE"). Market watchers will have seen the gains in the stock markets of countries undertaking QE plus Korea is one of the cheapest valuation developed markets. Midas called the Thailand and Indonesia's markets well and now we believe Korea is the market of opportunity in Asia.

The fund also has an implied forecast dividend yield of between 2 and 3 per cent.

[davebowler] 14/5/2013 12:46

Link to their site www.weisskoreaopportunityfund.com

ETF for Korean Index