Taking a similar view to you CWA1 ;-) |
Took a few more at 168 ish earlier too, happy to hold and wait, could be a great time to buy and hold these imo, gl |
FWIW, I took some earlier this morning, principally for the dividend but also because the share price looks bombed out. Clearly it can and will fall further due to the XD tomorrow-but I'm hoping that a sniff of anything positive here would reverse the trend and I'll be paid a decent rental whilst I wait... |
Divi hunters....where are you, 7% plus, div ex div on Thursday... |
Looks like the bottom may be in here, gl if your investing, great opportunity imo |
Happy to hold after they go ex div on Thursday. 12.1p divi, paid in Dec. Well oversold imo. |
Urmm... because you GET the dividend that way☺️ |
Why buy now when you can buy after xd? |
Bought in @171p, surely a bounce on the cards here soon plus the divi, gl |
I guess the larger question is about how much the dividend will need to be cut. The £1-2 corridor can be brutal and in current circs may well get oversold. Large divi payers have become particularly liable to falls as the market fears that divi cuts will cause further selling. And so it goes - the list of examples is almost endless in current market. At some stage this will be excellent value, if not now... |
I see that the only short more than 0.5% of share capital is Wellington with 0.79%, |
When I read these rather disappointing but perhaps not very surprising results I asked myself if the market would be surprised and judging by the share price action it clearly has been.
I will not be selling as this represents my core EM holding and indeed apart from small holdings in BRLA and AAIF(which is not pure EM), I have no other EM exposure. |
Hmm. Looks like breaking lower. |
Well, let us hope that the dividend will be paid in December. If my memory is still functioning correctly, I believe that the dividend is to be paid from reserves. |
As ever, FWIW:-
* Ashmore ASHM.L : Jefferies cuts target price to 200p from 230p |
Funds run by emerging markets specialist Ashmore Group are among the most exposed to bonds issued by embattled Chinese property developer Evergrande.
Perhaps the foregoing is one of the contributing factors. |
The dividend may be sizeable, but the share price trend has been uncomfortable for the recent past few years and I expect that trend to continue for the present. |
Morning All
Sorry to inform you that I joined the "merry" throng this morning at almost 183p in aggregate. My apologies for inflicting this upon you as it will surely spell doom ;-)
Seriously though, good fortune here one and all.
PS: That's a formidable dividend comping up soon-and IF it's maintanable this looks decent value IMO |
JO Hambro - 2/10/23
Finally, we added to Ashmore post results. We have held this position at a low level
as the business works its way through the ‘V’ in emerging market debt allocations. Its
funds are now performing, and weightings towards emerging market debt are at
historic lows, which should collectively lead to a turn in fund flows in due course. Half of the market cap is now represented by excess capital/cash. On a long-term basis, it is on a very distressed valuation. Our weight is now 75bps. |
Dividend maintained and just covered by the skin of its teeth. Good that they outperformed benchmark. |
Don't forget ASHM went long £ and short $ during the Truss madness and will be sitting on a massive FX gain. |
Thanks Cerrito, I hold in an income folio and can see no reason to change my mind. EMs have a place in a diversified folio and this seems a good way of gaining exposure to any recovery while getting a dividend. The share price combined with yield looks attractive to me with above average income plus potential for good capital recovery. But then I also hold VOD! |
 I was hoping for better news on Friday given the positive commentary I have been reading on EM as being a good place to be.I had never regarded them as subscale, 1jat, but you made me think. I guess if you look at the current AUM of us 56m it is subscale but is it with the AUM of two years ago of us 94m or even 3 years ago of us 84m? In terms of your point of corporate action, I have no feel of how full of vim Mark Coombs with his 30pc odd shareholding, is.. Trying to work out how old he is 65?. For some people that is young others old. I have no feel if the dividend will be cut, Brucie5. My gut tells me no but it could go either way. Pleased to read that as of June, 2/3rds of AUM outperforming over one and three years so they must have had a good calender Q2 2023 .I saw in the June presentation report the figures for March 23 for relative performance for 1,3 and 5 years. Good relative performance in local currency bonds and equities. Over all three time periods, blended debt was a disaster and neither external or corporate debt pretty. I am badly long and wrong here but sub 200 p I feel one is OK, especially if the good vibes for EM continue. |
Anyone aware of a broker update here? I'm curious to know what might be the implications for the dividend.
As 1jat says: BAD: outflows in FUM, which in current circs, is hardly surprising; but GOOD: performance.
According to div data the current yield stands at 7.80, making it a decent income share. |
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