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Share Name Share Symbol Market Type Share ISIN Share Description
Avi Global Trust Plc LSE:AGT London Ordinary Share GB00BLH3CY60 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  3.00 1.67% 182.60 388,901 16:35:04
Bid Price Offer Price High Price Low Price Open Price
182.40 182.60 184.00 179.80 179.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 20.38 15.55 13.68 13.3
Last Trade Time Trade Type Trade Size Trade Price Currency
17:59:16 O 5,793 183.03 GBX

Avi Global (AGT) Latest News (2)

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Date Time Title Posts
31/5/202209:38AVI Global Trust266
28/10/200813:36change your broker sans i am not a happy investor15
26/10/200812:26Argonaut Games Shareholders' Action Group (AGSAG)124
30/12/200723:19Aldgate Capital Plc5
08/6/200513:08AGM 2003 Meeting9,175

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Avi Global (AGT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-27 16:29:01182.333,6176,594.91O
2022-06-27 15:53:47182.01492895.47O
2022-06-27 15:51:32182.01492895.47O
2022-06-27 15:35:04182.6026,37648,162.58UT
2022-06-27 15:30:00182.401425.54O
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Avi Global (AGT) Top Chat Posts

DateSubject
27/6/2022
09:20
Avi Global Daily Update: Avi Global Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker AGT. The last closing price for Avi Global was 179.60p.
Avi Global Trust Plc has a 4 week average price of 173.20p and a 12 week average price of 173.20p.
The 1 year high share price is 222.80p while the 1 year low share price is currently 169.40p.
There are currently 118,287 shares in issue and the average daily traded volume is 735,355 shares. The market capitalisation of Avi Global Trust Plc is £215,992.06.
31/5/2022
09:38
vacendak: hTtps://www.theaic.co.uk/aic/news/press-releases/winners-of-the-aic-shareholder-communication-awards-2022-announced Second on "Best Report and Accounts – Generalist". "Highly commended: AVI Global Trust The judges noted how AVI Global Trust has differentiated itself in a crowded sector with an attractive and highly readable report." The Merchants Trust won, I do not own, so do not read their ARs; but it is true that the reports produced by AVI (AGT and AJOT) try hard to tell the stories of the biggest holdings.
18/5/2022
11:34
davebowler: AVI Global Trust (AGT)’s NAV declined -2.9% in April as the portfolio weighted average discount widened 210bps to 30.5%
18/5/2022
11:30
davebowler: April update hTTps://www.assetvalueinvestors.com/agt/content/uploads/2022/05/AGT-APR-2022-1.pdf
28/4/2022
15:04
vacendak: The Kepler article mixes up AJOT and AGT. Interesting read on everything "value".
28/4/2022
13:23
davebowler: hTTps://www.trustintelligence.co.uk/articles/strategy-finding-value-in-a-haystack-apr-2022 In the global sector, the best option is likely to be AJOT’s sister trust AVI Global (AGT). AGT aims to capitalise on inherently discounted investment structures, be they family-backed holding companies, closed-ended funds or Japanese asset-backed special situations (which closely aligns with the opportunities exploited by AJOT). This means that AJOT offers value investors the ability to access a wider range of investments than the more conventional value strategies can. Interestingly, this means the underlying exposure often involves companies in typical growth sectors, but which are accessed at a discount. One example of these is LVMH, the highly valued luxury goods maker, which is AJOT’s largest underlying position.
28/4/2022
08:23
davebowler: Citywire- AVI Global (AGT) fund manager Joe Bauernfreund is cautiously looking for opportunities to deploy up to £150m of cash and borrowing as volatile stock markets weaken the share prices of the investment companies and holding companies he likes to buy. Bauernfreuend (pictured below), who as chief executive of Asset Value Investors (AVI) has run the £950m investment trust for six-and-a-half years, removed the small amount of gearing, or borrowing, the closed-end fund had at the start of the year. Although the company is paying interest on £30m and €50m of long-term loans, keeping the cash in reserve has helped the trust avoid the steep falls of global growth rivals like Scottish Mortgage (SMT) and Martin Currie Global (MCP). While they have slumped 34% and 25% respectively, AGT has fallen 12.5%, a decline that reflects the widening of investment company discounts as investors worry about inflation, rising US interest rates and the impact of the Ukraine war. ‘We have been patient thus far in terms of getting that money reinvested,’ Bauernfreund told Citywire Investment Trust Insider. ‘As things stand we are almost 100% invested, which I think is appropriate for our mandate. ‘I am not in favour of making big market-timing bets. We have made a few small incremental additions to some existing holdings in the past few weeks, and we are starting to see some of the weakness in equity markets spread to parts of our universe that had previously looked over-valued. ‘So I expect we will find good opportunities to invest that cash in the coming months but, at present, we are in no rush,’ he said. Year to date the underlying net asset value (NAV) of AGT’s investments in 36 closed-end funds and holding companies is down 8%, according to Morningstar data from Numis Securities. That’s behind the 6.2% decline in the MSCI All Countries World index, a benchmark that it has underperformed over five years with NAV including dividends up 52.7% against a 60% advance in the MSCI. ADVERTISING Bauernfreund is confident the portfolio of undervalued investments can re-rate once markets stabilise. While he waits, there has also been a lull in his team’s investor activism. The fund manager declined to comment on this week’s strong results from Third Point Investors (TPOU), in which it is nearly 6% invested, having secured – with other rebel shareholders – representation on its board after a bruising corporate governance battle with the Daniel Loeb managed hedge fund last year. However, he was clear he wanted to see further action on Third Point’s discount that has widened to 14% from the 11% it narrowed to after its victory in February. ‘We share the frustration of many shareholders that despite the very strong performance, the quality of the underlying portfolio and the success it’s had over the last few years in particular, that it continues to trade at a discount that we think is far too wide,’ said Bauernfreund, who took advantage of an opportunity this month to exchange some of AGT’s holding in Third Point to its underlying ‘master’ fund at close to NAV. Bauernfreund is more patient with Third Point’s rival Pershing Square Holdings (PSH), its top position at 9% of assets at the end of March. Although AVI clashed with Pershing Square three years ago over a long-term loan it thought could frustrate efforts to narrow the fund’s wide discount, relations have improved. For the time being Bauernfreund is willing to settle for the turnaround in performance fund manager Bill Ackman has achieved through the pandemic, with shareholder returns up 107% since 2019, despite the stock trailing NAV by a massive 31%. ‘The NAV growth and the share price performance more than makes up for the fact that [Pershing] trades on a wide discount. We hope the board continues to look at ways to narrow the discount and we hope [it] does start to narrow,’ Bauernfreund said. The key difference between the holdings is their long-term performance. Since investing in both in 2017, Pershing Square shares have returned around 136% versus Third Point’s 74% and the MSCI World’s 63%. AVI is also forgiving of Ackman’s recent decision to end a three-month investment in Netflix, at a loss of over $400m, after the US streaming giant disclosed a slump in subscriber numbers due to inflation. Asked for his view, Bauernfreund referred to a comment from his head of research Tom Treanor who last week said: ‘Doubling down in these situations is actually the easy option. Yet often the most dangerous. Selling out was a brave decision and we applaud it regardless of Netflix’s subsequent share price from here – it appears Pershing has learnt from past mistakes and has demonstrated commendable discipline.’ hTTps://citywire.com/investment-trust-insider/news/bauernfreund-eyes-openings-for-avi-global-s-dry-powder/a2384561?section=investment-trust-insider&_ga=2.131250502.831783967.1651130512-2055122322.1651130512
10/2/2022
16:23
davebowler: hTTps://www.aviglobal.co.uk/content/uploads/2022/02/AGT-JAN-2022.pdf
09/2/2022
09:42
davebowler: The halfwits at 'Embark' platform emailed me yesterday with the 'news' that AGT is doing a 5 for one split!
09/12/2021
18:18
marktime1231: You guys do realise you are wittering on about a related investment on AGTs board as though AGT is the subsidiary? What affects the price here is much more likely to be driven by concentrated holdings in things like Pershing Square and Third Point. Get your own board or get on topic you are spoiling it. Please and thank you.
12/11/2021
08:17
vacendak: AGT has a "Japanese basket" and that basket, while not being a direct holding in AJOT (I assume AVI cannot buy its own trust for AGT) it is very highly correlated to AJOT's holdings. The Japanese basket is roughly a quarter of AGT, so you already own AJOT indirectly. Buying AJOT allows you to add a bit more of Japanese "value", while having the same risk as AGT: Same manager, skills and approach as AGT has. AJOT has taken its time to lift-off and is still a relatively small trust. They did not get to the desired size at launch but went ahead anyway. I am glad to have been patient with it, but there is still some way to go for it to perform as plannned. And yes, the trust side of LWDB is a big collection of UK blue chips which are milked for their dividend and a value-ish approach too. After all, this is what it says on the tin. Income is not supposed to be adventurous. LWDB has had a good run of late surfing on the return of value.
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