Ashmore Global Opportuni... Share Discussion Threads

[horndean eagle] 02/7/2018 09:19

ZIM Labs had an IPO last month. Shares up from 160 to 445. Not sure whether AGOL's stake got sold at IPO or not and if so whether they got an uplift to book value. It was 5.3% of nav. Not sure whether these proceeds helped bump up the 40% or so returned to us as AGOL pointed out the current distribution was based off cash they have as of end May. Actually some excitement left in the portfolio so wouldn't be surprised with further NAV upgrades.

[horndean eagle] 21/6/2018 15:30

40% mandatory redemption at NAV was above what I was expecting. Must have sold a couple of other things in the period as well. Surprised lack of interest.

[cerrito] 19/4/2018 14:43

No wonder that the share price has gone up in the last few days given the discount to the year end NAV of £5.7952 which NAV will have increased by the Bedfordbury sale.

[manfrommoyse] 03/1/2018 16:10

yep, Barclays new service is sh1te

[cerrito] 29/8/2017 10:50

This morning's half yearly has been met with the usual big yawn despite a good NAV increase even in the US$ shares so that the £ shares are trading at a 32% discount and good to see the increase in the Microvast NAV, although there are some clouds there. All that said not sure if I will be buying more-my last purchase was 4+ years ago and the Bedfordbury situation looks a bit messy. PS off topic do any of you use Barclays stockbrokers? and if so are you like me disappointed by the reduced functionality of the new system?

[cerrito] 21/4/2017 17:34

Just seen the 2016 Statements. Continue with my minimal holding reluctant to sell with a 20% discount but seems we will not be getting any realizations any time soon. Given that the Bedfordbury situation-36% of net assets- does not come to the Singapore court till Q1 18 suggests that even without court delays this will drag so if I am feeling like cleaning out my portfolio may well sell. Guess there must be many like me who have little left and want to clean up their portfolio. PS Good for npw at least they are not thinking of delisting PPS Well done to those who sold at £4+ the other week

[cerrito] 29/8/2016 23:12

I have so few shares I do not follow very much but just skimmed the interims and I see we will not be getting any more distributions this year. I see that the discount at end June was 25% and they repeated that they are thinking of doing away with the stock market listing to save money. Understandable but net assets are $56m and there are many smaller investment trusts and would prefer that they liquidate at least one of the big three remaining. That said I cannot see myself buying more-or indeed selling with the discount involved and there have been only 5 trades since Aug 11th for a total of just under £5k.

[cerrito] 19/12/2014 17:40

See end of Oct NAV has fallen to £5.1 but the good news is that may have been a slight recovery in November. They do not give us a £ sterling figure but the US$ figure went up a bit and £ depreciated against the $ No mood to add at least till we get the annual report

[gilston] 22/10/2014 19:53

Look at the drop in Ashmore`s own share price down to 310 p. Says it all.

[topvest] 22/10/2014 19:03

Yes, dog fund indeed! Ashmore are supposed to be a good fund manager, but they have been rubbish with this closed end vehicle.

[cerrito] 21/10/2014 21:24

Pretty depressing reading what with Jasper, Emtek and pacnet; not in the year to Sept 14 NAV in GBP has fallen from 7.05 to 5.26 and indeed 4 year ago was 9.52. Not clear why now they have to refine the valuation methodology of Emtek and what has happened for this to happen I am neither buying or selling

[cerrito] 21/7/2014 13:41

The fact that this distribution -the first in 6 months-is just for 3% is disappointing but not all that surprising given that we were told in the April 23 IMS that there had been no sales in Q1.

[topvest] 21/1/2014 21:10

What a dog fund this has been!

[jaws6] 21/1/2014 08:59

They can not get RNS right so new one issued . NAV 6.25 ? Hope we get 5.50 plus back.

[jaws6] 04/12/2013 12:18

Agree.they suppose to keep eye on positions. agree with post 144 and 145.they should have been more careful.let's hope we get 6.20 back and try to get money us back .

[horndean eagle] 04/12/2013 11:28

feel sorry for those stuck in here. I had a look a while back but managed to stay away. Ive had experience elsewhere in positions where it was stated they couldn't provide a date for liquidity. My experience from that was that you ended up writing down the position to nil because it was either a fraud and the fund manager was going to just screw you over or the fund manager was just going to carry on managing the asset with a view to collecting fees. GFIR is in a very similar situation. I would do some thorough due diligence if attracted by similar opportunities in the future.

[topvest] 03/12/2013 21:28

Ashmore are supposed to be a great fund manager. This is their only listed vehicle. Is it just a great sales organisation or do their fund managers actually have any merit?

[topvest] 03/12/2013 21:26

Yes, a shambolic announcement. Surely some explanation is warranted. Makes you wonder if they have any clue what is going on!

[cerrito] 03/12/2013 21:25

I see they wrote the equity down by 26% as at June 30; despite this the %age of Odebrecht;s share of theportfolio went up marginally from 12.26% to 12.31%, the reason being that in the first half financial investments declined from $458m to $335m. Someone had their eye off the ball

[cerrito] 03/12/2013 21:13

If this was not in run off the Directors would have a lot to answer for note this from last IMS dated Oct 17-6 weeks ago- which does not send any negative signals Odebrecht Agroindustrial The company is on track to double EBITDA from last year's levels. Frost in Brazil has affected the harvest somewhat but the company should still produce over 23 million tonnes of sugarcane, compared to 19 million tonnes last year. Capex for re-planting and for expansion of agricultural land remains considerable and debt has continued to rise as a result.

[skyship] 03/12/2013 15:56

Not nice. The valuation of that worrying asset in Brazil chopped by 90%. Drops the NAV by 11.6% from 7.04 to 6.22 - possibly less because of the £Sterling strength.

[jaws6] 01/11/2013 12:03

Got some money back in A/c yesterday for partial redemption .

[rambutan2] 19/9/2013 23:51

Noteworthy that Asset Value/BTEM have taken a 5% stake at £4.96. They consider themselves deep value investors.

[mercury123] 19/9/2013 10:38

But maybe the Fed's decision yesterday will help emerging markets...

[cerrito] 18/9/2013 17:19

Further decline in NAV to 7.14£ at end of August down from £7.85 at end of May..strong pound does not help either