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AASC Abrdn Asia Focus Plc

95.30
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Asia Focus Plc LSE:AASC London Ordinary Share GB00BFZ0WT29 2.25% CNV UNSEC LN STK 31/05/25
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 95.30 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
93.90 96.70 95.30 95.30 95.30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 45.3M 35.19M 1.5916 1.66 58.59M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:30:58 O 15,000 93.90 GBX

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Posted at 20/4/2024 09:20 by Abrdn Asia Focus Daily Update
Abrdn Asia Focus Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker AASC. The last closing price for Abrdn Asia Focus was 95.30p.
Abrdn Asia Focus currently has 22,109,765 shares in issue. The market capitalisation of Abrdn Asia Focus is £58,590,877.
Abrdn Asia Focus has a price to earnings ratio (PE ratio) of 1.66.
This morning AASC shares opened at 95.30p
Posted at 06/5/2022 11:02 by vacendak
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?
Posted at 29/5/2018 12:31 by davebowler
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.
Posted at 16/1/2017 17:33 by huttonr
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?
Posted at 11/1/2017 15:43 by davebowler
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%.
Posted at 21/3/2013 16:01 by huttonr
Richard

Remember the tax position - CULS paid gross subject to 20%/40% tax - divs paid after 10% tax
Also, after May 2014 they can require redemption AT PAR assuming share price is above 996 subject to letting us have a final chance to convert

But I agree, better not convert now
Posted at 21/3/2013 14:26 by richard xii
Re the potential conversion.

830p of CULS pay 3.5% = 29p per annum.

One share of AAS paid a dividend of 12.5p.

The CULs are worth c £10.45 and a share is worth £10.30 so it is better not to convert now. Has anyone done any different analysis?
Posted at 22/12/2012 15:26 by huttonr
Conversion rate = 830p of CULS to 1 share.
These seem fully valued at the current price, taking into account the extra income.
Posted at 19/12/2012 11:43 by davebowler
All outstanding CULS will be repayable at par on 31 May 2019. The rate of the
conversion will be set at a premium of 15 per cent. to the unaudited NAV (including income) per Ordinary Share at the time the CULS is issued rounded down to the nearest 5 pence.
Abrdn Asia Focus share price data is direct from the London Stock Exchange

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