Share Name Share Symbol Market Type Share ISIN Share Description
Aberdeen Standard Asia Focus Plc LSE:AAS London Ordinary Share GB0000100767 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -0.34% 1,455.00 32,907 16:35:18
Bid Price Offer Price High Price Low Price Open Price
1,450.00 1,465.00 1,460.00 1,445.00 1,445.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 13.60 7.90 21.45 67.8 457
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:18 O 9,517 1,460.00 GBX

Aberdeen Standard Asia F... (AAS) Latest News (1)

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Date Time Title Posts
02/12/202118:24Aberdeen Standard Asia Focus PLC28
26/11/201912:00Aberdeen Asian Smaller Com Inv Tst162
08/4/200607:28Aberdeen Asia: Big Discount13

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Aberdeen Standard Asia F... (AAS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-12-03 16:35:181,455.0041596.55UT
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Aberdeen Standard Asia F... (AAS) Top Chat Posts

Aberdeen Standard Asia F... Daily Update: Aberdeen Standard Asia Focus Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker AAS. The last closing price for Aberdeen Standard Asia F... was 1,460p.
Aberdeen Standard Asia Focus Plc has a 4 week average price of 1,415p and a 12 week average price of 1,375p.
The 1 year high share price is 1,500p while the 1 year low share price is currently 1,105p.
There are currently 31,389,684 shares in issue and the average daily traded volume is 21,958 shares. The market capitalisation of Aberdeen Standard Asia Focus Plc is £456,719,902.20.
chinahere: Yes, that was the one thing I didn't like - my name may suggest otherwise - lol. I do think it is still a good price here though and should hopefully perform.
davebowler: 11 Aug NAV for AAS -Aberdeen Standard Asia Focus plc 1563.29p Fully Diluted Including Income
davebowler: Fund Commentary HughYoung Hugh Young GabrielSacks Gabriel Sacks Aberdeen Standard Asia Focus Share prices of smaller companies in Asia rose in June, chalking up further gains for the second-quarter. Optimism about the nascent economic rebound bolstered sentiment amid further relaxing of COVID-19 lockdowns. However, worries over the ensuing resurgence in new infections in several countries tempered the mood. Geopolitical risks also ratcheted higher. We are cautious about the near-term outlook for global markets, given the apparent disconnect between equity prices and economic and corporate fundamentals. With the pace of recovery still uncertain, the sharp rally in equities feels a little ‘too much, too soon’. Governments are grappling with the delicate balancing act of re-opening economies while avoiding a resurgence in COVID-19 infections. What looks increasingly clear is that prolonged lockdowns are proving too costly for many emerging economies. Complicating matters further is the spike in US-China tensions, with the rift broadening out to areas other than trade. Notably, we are paying close heed to the rivalry in technology, which could disrupt smartphone supply chains and delay the rollout of 5G networks. In such a climate, it is no surprise that the outlook for corporate earnings has worsened. Many companies have lowered their profit forecasts, while dividend and capital spending are being cut where possible. In spite of all this, Asia remains well-positioned as the powerhouse of global growth. Smaller companies in the region have also not featured as prominently as recipients of investment flows, meaning valuations remain relatively attractive. Our focus continues to be on good quality companies that are able to weather the current storm. We believe the portfolio’s defensive characteristics, with companies exhibiting balance sheet strength, visible revenue streams and healthy profit margins, will be invaluable. We also favour market-leading businesses that are hitched to structural growth drivers in Asia. This encompasses trends that have boomed during the pandemic, such as e-commerce and greater adoption of technology, alongside longer-term shifts, including rising demand for healthcare and infrastructure. Our aim will be to take advantage of market gyrations, putting capital to work in our highest-conviction ideas while exiting those with declining prospects.
chinahere: I like the discount and share buybacks but how well does this fund perform against other Asian focused funds / ITs?
the oak tree: In the papers: http://www.heraldscotland.com/business_hq/company_news/15620548.Asian_banks_help_drive_performance_of_Aberdeen_investment_trust/ Exert: “..........City Union Bank benefited from [Indian] Prime Minister Narendra Modi’s demonetisation policy that drove consumers holding cash to place them in bank deposits instead and Tisco Financial was lifted by improving asset quality that outpaced that of the larger lenders,” the report said. “Separately, Tisco bought Standard Chartered’s Thai retail operations, which will be integrated into the group. The move, which we view positively, is in line with its long-term strategy.” Trust chairman Nigel Cayzer said India generally is presenting good investment opportunities for the trust, thanks to an “acceleration in economic growth”. China, on the other hand, is less attractive “owing to concerns over corporate governance and quality of smaller companies there”. Mr Cayzer added that the trust’s board is proposing a 12p final dividend for the year, which would take the total to 16p per share. If approved by shareholders that would represent a 52 per cent increase on the 10.5p paid out in 2016. The board is also proposing to pay a special dividend of 4p per share.
chinahere: Cheers. So assuming they don't go bust we get 3.5p dividend per annum for each one held and for two years we can exchange them at the rate of 8.3 CULS per ordinary share regardless of the underlying share price?
davebowler: Price is £1.29 x 8.3 = £10.71 plus a higher div and protection down to £1 per pref share.
chinahere: Edit. Just read this so is the conversion price fixed in time ?: "The Conversion Price (being the nominal amount of CULS required to convert into one Ordinary Share) will be rounded down to the nearest 5 pence, and will be set at a 15 per cent. premium to the unaudited NAV (including income) per Ordinary Share on Monday, 14 May 2012." So what was that figure? Davebowler is it £1.29 * 8.3 then?
chinahere: It doesn't look like a good way to get into AAS to me. I had a look at the prospectus and I read it that they convert at nominal price into a premium on the ordinaries NAV. Am I right? Here's their text illustration: "By way of illustration, had the Conversion Price been set by reference to the unaudited NAV (including income) per Ordinary Share at 18 April 2012 of 718.56p, the Conversion Price would have been 825p and a holder of £1,000 nominal of CULS would have been entitled to 121 Ordinary Shares on conversion of their CULS"
davebowler: AASC is a cheaper way into this at its current price of £1.29 as it can convert to AAS at the rate of 8.3 AASC to 1 AAS.Plus there is the higher div and protection too offered by the convertibles.
Aberdeen Standard Asia F... share price data is direct from the London Stock Exchange
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