Ashmore Global Opportuni... Share Discussion Threads

[mercury123] 19/9/2013 11:38

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

[cerrito] 18/9/2013 18:19

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

[skyship] 09/9/2013 14:42

Hm - still don't like these. Sure the share price has fallen markedly since March (part was due to tender of course), but so has the NAV fallen. With doubts over Brazil the GRY of 12.8% to the full 729 NAV looks far too low.

Better value in other more secure liquidating stocks:

# ACD - 99p. NAV 108.4p, target NAV of 115p at 31/03/2015. GRY = 13.8% (inc current yield of 3.8%)
# APT - 40p. NAV 59.8p, target NAV of 53.5p at 31/12/2015. GRY = 13.4%
# LSR - 27.5p. NAV 46p, target NAV of 46p at 30/06/2017. GRY = 15.6%
# NRI - 315p. NAV 364.2p, target NAV of 435p at 31/12/2015. GRY = 18.0%

Plenty of detail on the individual threads; and of course on the SL thread...

[cerrito] 20/8/2013 14:52

See they had a disappointing july with month end NAV at 7.29 compared to £9.92 at July 2011

[marben100] 08/8/2013 22:45

Bad luck with Barclays. Kudos to SIPPdeal, who I have mine with: they credited my account late Friday and all was processed by Monday.

[cerrito] 08/8/2013 22:19

Marben
As I want to get clarity for how these asset managers report their holdings when they have a multitude of funds I phoned up the Blackrock people to see what significance there is if it is in the name of Blackrock Inc or one of their funds; where it says Blackrock Inc it means holdings in all funds managed by Blackrock; could not get an answer as to why there was the June 26 RNS for the Channel island Funds but I guess as the trade was done in two years ago there was an operational screw up.
The price seems low-even after the late rise this pm; Barclays have suspended on line trading until they have processed the share redemption which they seem to be labouring over.

[marben100] 07/8/2013 18:26

Don't think the holding referred to on June 26th is the same as the one in today's RNS. That older one refers to "BlackRock Institutional Jersey Funds", rather than BlackRock Inc.

The last holdings notice relating to BlackRock Inc I found was on 5th Jan 2012, when they held 14.5% - only slightly above today's announcement.

Cheers,

Mark
Twitter @marben100

[cerrito] 07/8/2013 16:48

The way I read today's RNS Blackrock have gone up from 6.1% of the company to 13.82% since June 26 and so somewhat surprised that the share price adjusted for the recent return is still under 540p-mid price.

[jaws6] 18/7/2013 09:46

marben
Thanks for info.

[marben100] 17/7/2013 21:37

Hi Cerrito,

Re the NAV: don't forget that 28th June was exactly at the low point in the market. Things have rebounded substantially since then.

Thanks for asking for the report: I'd like to see that too.

Presumably you haven't seen this evening's announcement:

"Further to the approval by the Company's shareholders of the winding down proposals as described in the circular to shareholders on 20 February 2013 (the "Circular") the Company today announces that it will return 26.17 pence and 26.60 US cents per GBP and USD share respectively on 2 August 2013 (the "Redemption Date") by way of a compulsory partial redemption of shares (the "Redemption") by reference to the 30 June 2013 NAV Calculation Date..."

Only a small redemption this time, but looks like we'll get them quarterly now. I'd expect the next one to be a bit bigger - and with considerably more to be returned in 2014, based on this from the annual report, issued in April:

"The initial distribution relating to the quarter ended 31 March 2013 will be US$88.8 million with payment expected to take place on or around 3 May 2013. The Board expects that approximately a further US$40 million will be realised during the following six months and that, including the above mentioned distributions, in total approximately 50% of the 31 December 2012 NAV will have become available for distribution by 31 December 2014."

Cheers,

Mark

[cerrito] 17/7/2013 17:35

Just seen the NAV at 28.6.13 was £7.53-the lowest NAV since I bought in first in December 08.
Note we have had no report since as of March 31..we used to get them on a monthly basis; I wrote to them about 10 days ago but but has not had success.

[eeza] 26/6/2013 09:41

RNS - Blackrock increased.

[jaws6] 17/5/2013 16:23

See new rns with changed Holdings out at 16.23

[jaws6] 17/5/2013 16:21

marben
Thanks

[marben100] 17/5/2013 16:18

April NAV now published: 774p/share, up from 773p at end March.

[jaws6] 17/5/2013 11:55

Another RNS ,looks ok

[jaws6] 08/5/2013 17:41

Funny now it says it is gone above 5 percent

[fangorn2] 07/5/2013 15:07

I don't normally follow this J1mst3r. J pointed it out to me. Noticed it was off 2% odd and wondered what was up.

[j1mst3r] 07/5/2013 15:02

Hi Fangorn2,

Strangely enough I have not seen any trade(s) with such volume even since announcement of the redemption?

[fangorn2] 07/5/2013 14:49

Only 19.4% of stake redeemed though J. What about the rest?

Schroders have reduced by far more than 19.4%. They've reduced by 2.81 million shares surely?

[jaws6] 07/5/2013 14:46

fang
pl see this rns and it is all there on 18/4 RNS -today we got 19% cash back at 775 p ,if that helps.

[coolen] 07/5/2013 14:29

Cannot see the Schroder trade being reported on the LSE.

Oddly, the Schroder Share stake announcement claims it is due solely to a "change in share capital [of Ashmore]", which does not sound correct.

Can anyone clarify ?

[fangorn2] 07/5/2013 13:30

Large reduction in stake by Schroders...

[coolen] 05/5/2013 22:20

Agreed, TopVesy: surely an OEIC would have greater problems holding "special sits" if everyone tried to redeem at once ?