Abrdn Asia Focus Share Discussion Threads

[vacendak] 06/5/2022 10:02

I am considering getting into AAS.

I used to own some CULS years ago for Utilico, now UIL Ltd, (UTL) but the rules were simpler than for these with what appear to be floating conversion terms.

Any cheap advice on either buying only AAS or a mix of AAS and AASC?

[davebowler] 12/10/2021 08:56

.From Morningstar-
Conversion Terms
0.0683 shares @ 1465.00GBX from 29 May 2018 - 31 May 2025.

[davebowler] 12/8/2021 12:03

11 Aug NAV for AAS -Aberdeen Standard Asia Focus plc 1563.29p
Fully Diluted Including Income

[davebowler] 12/8/2021 12:00

From Morningstar-
Conversion Terms
0.0683 shares @ 1465.00GBX from 29 May 2018 - 31 May 2025.

[davebowler] 12/4/2021 16:26

The convertibles are within spitting distance of being in the money -at last!

[davebowler] 17/1/2020 17:09

From Morningstar-
Conversion Terms
0.0683 shares @ 1465.00GBX from 29 May 2018 - 31 May 2025.

[davebowler] 10/4/2019 11:09

New name -
Aberdeen Standard Asia Focus 2025 CULS

[davebowler] 06/6/2018 11:19

AJ Bell says-

Unfortunately our data supplier does not currently hold the Key information for this investment, please contact the fund manager or visit their website for further information

[davebowler] 01/6/2018 08:46

New thread following swap.

[davebowler] 29/5/2018 11:31

Just spoke to Jonathan Crabtree at Panmures and all AASC holders not electing to swap to Ord shares have been allocated 1.27 new AASC shares per 1 old share.

[topvest] 24/4/2018 20:33

Yes, I'm inclined to convert mine to ordinary shares as well. Disappointing performance of late, but their value style will no doubt come back into style soon. I'm happy to hold long term.

[huttonr] 24/4/2018 16:23

to Davebowler - thanks for posting that - I'd forgotten about these CULS.
Looking at the reduced interest on offer, probably easier to convert and be done with them. The ordinary shares haven't been anywhere near as good as I had hoped but you can't win them all.

[davebowler] 17/1/2017 10:10

Downside protection (£1 buyback in 2 yrs), some gearing, and twice the yield!

[huttonr] 16/1/2017 17:33

Dave
I'm having a problem following your arithmetic as to why they are a bargain at the moment.

If I buy say 1000 CULS at £1.20 (lets ignore stamp duty etc) then I can convert these to shares at 830p ie 8.3 CULS per share so 1000 CULS can convert to 120 shares (plus .48 of a share wasted).
This gives a cost per share of (1000 x 1.20 / 120) = £10 per share - the current offer price is 987p - ie approx break even on costs.

NAV seems irrelevant - so, if you want the shares, just buy them?

[davebowler] 16/1/2017 15:04

From Morningstar -Conversion Terms
0.12048 shares @ 830.00p from 30 Nov 2012 - 31 May 2019.

[davebowler] 11/1/2017 15:43

As the Ordinaries are at NAV of £11.29 currently it seems a good way into buying the ordinary shares in 2019 at £8.30 by buying these at £1.20 (the current purchase price) at a nice 'discount' of 16% i.e buying at £9.50 (£8.30 plus £1.20) divided by £11.29 = 84%.

[richard xii] 25/3/2013 08:07

Thanks for that Huttonr. Good points.