Adv. Front. Npv Share Discussion Threads

[davebowler] 17/7/2013 10:09

NAV 12 June 2013 was USD 0.9002 per share (Sterling equivalent at that date was GBP 0.5959 per share).

[davebowler] 10/7/2013 09:39

hxxp://www.indexuniverse.com/sections/features/19208-ishares-fm-frontier-of-uncorrelated-markets.html?showall=&fullart=1&start=4

[davebowler] 30/5/2013 11:13

Frontier Markets

BlackRock Frontiers (BRFI) interim to 31/03/13

¢ The NAV total return was 22.4% vs MSCI Frontiers Index 18.6% (both in GBP, which flatters returns over the year). Outperformance was due to holdings in the Nigerian banking sector, positions in the UAE & an underweight in Kuwait.

¢ Since the period end, the company's NAV has increased by 8.6% and the share price has increased by 2.9% (both on a sterling basis with net income reinvested).

¢ The Board is currently in the process of identifying the extent of investor demand for a C-share issue and it is expected that a further announcement will be made in the next few weeks.

¢ The Board declared an interim dividend of 2.00 US cents per share payable on 5 July 2013 to shareholders on the Company's register on 7 June 2013. This was an increase of 67% in relation to the interim dividend of 1.20 US cents for the period to 31 March 2012.

¢ Consequently, to avoid dilution of revenue return to existing shareholders, the Board are also declaring a special interim dividend of 3.40 US cents, representing the additional revenue expected to be generated between 1 April 2013 and the anticipated C share conversion date. In total this will equal dividends of 5.40 US cents per share for the year to 30 September 2013, an increase of 42.1% over total dividends of 3.80 US cents paid in relation to the year ended 30 September 2012.

¢ At the company's fifth AGM in 2016 the board will provide shareholders with an opportunity to elect to realise the value of their ordinary shares at NAV per share less costs. The route which will be used to provide shareholders with an exit will depend on the level of uptake anticipated at the time and will be established following shareholder consultation and is likely to be achieved through a tender offer or a reorganisation of the company. To the extent shareholders elect for cash we expect that they will receive their proceeds within approximately six weeks of the relevant AGM.

¢ For the six month period ended 31 March 2013, the company's shares have traded at an average discount to NAV of 4.4%.

Investec Insight:

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Shame this is on such a discount to NAV compared to BRFI at a premium

[davebowler] 03/12/2012 15:25

23 Nov NAV Sterling equivalent was 48.31p per share

[jonwig] 22/10/2011 09:00

Qatar a quality play:



About 8% of AFMF's portfolio.

[jonwig] 17/3/2011 18:49

NAV has been steady this month. That was a bit surprising!

04/03 ... $0.8448
10/03 ... $0.8291
16/03 ... $0.8324
18/03 ... $0.8254
25/03 ... $0.8375
21/04 ... $0.8473 = 51.28p

[jonwig] 06/3/2011 09:10

Bought this rather than BRFI last week, as it's on a discount to NAV. Will buy some BRFI if premium narrows much further.

In Citywire (04/03):

The unrest that has swept the Middle East recently is likely to lead to strong, long-term growth in the region and offer investors 'attractive opportunities,' ING Investment Management has said.

[mangal] 17/12/2010 19:21

Another one joins the club:

[davebowler] 15/10/2010 16:11

Advance Frontier Markets Fund Limited ("the Company") announces that its
unaudited Net Asset Value as at the close of business on 8 October 2010 was USD
0.8026 per share.

[davebowler] 22/3/2010 10:04

Half Yearly report