Yes and no: I already hold for a third party; but it's also been on my personal buy list for a while - though what to sell? I like the exposure to EMs here but I'm already overweight financials and asset managers. Would probably need to sell some POLR to get in here; but then why would I do that?!
Spoiled for income choices in these markets. |
Brucie5, did you get in before ex div?.... |
Looks like a re rate is underway, wait for the broker upgrades to follow....;-) |
Who picking up these cheap XD shares today, great day to go ExDiv, could be in for a very nice rebound in share price here ;-) |
10 year treasury yields starting to fall....Great news for Ashmore Group... |
Ah, that explains... |
XD this morning |
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. |
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