Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Abstd Asia Culs LSE:AASC London Ordinary Share GB00BFZ0WT29 2.25% CNV UNSEC LN STK 31/05/25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 99.50p 98.50p 100.50p 99.50p 99.50p 99.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Abstd Asia Culs Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
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.
davebowler
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.
topvest
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.
huttonr
12/2/2018
11:17
hTTp://www.aberdeen-asset.co/static_files/documents/645f8043-3d6b-4007-aaaf-85c988927d68/13/55883-cd-121031258_itfct_asian_smaller.pdf#_ga=2.153940664.1276814314.1518434178-1720233226.1518434178
davebowler
27/11/2017
15:27
HTtp://www.aberdeen-asset.co/static_files/documents/645f8043-3d6b-4007-aaaf-85c988927d68/11/52305-cd-121030591_aascit.pdf
davebowler
17/1/2017
10:10
Downside protection (£1 buyback in 2 yrs), some gearing, and twice the yield!
davebowler
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?
huttonr
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%.
davebowler
24/4/2013
12:29
http://www.invtrusts.co.uk/Lit/FactsheetUKClosedAASCIT
davebowler
25/3/2013
08:07
Thanks for that Huttonr. Good points.
richard xii
21/3/2013
16:01
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
huttonr
21/3/2013
14:26
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?
richard xii
22/12/2012
15:26
Conversion rate = 830p of CULS to 1 share. These seem fully valued at the current price, taking into account the extra income.
huttonr
19/12/2012
11:43
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.
davebowler
18/5/2012
12:43
Nice start.
davebowler
Chat Pages: 1
Your Recent History
LSE
AASC
Abstd Asia..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190322 20:08:16