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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 -1.46% 202.00 960,662 16:26:14
Bid Price Offer Price High Price Low Price Open Price
202.00 202.50 206.00 200.50 204.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 20.38 15.55 13.68 14.8
Last Trade Time Trade Type Trade Size Trade Price Currency
17:10:05 O 276 202.01 GBX

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Date Time Title Posts
03/2/202308:39AVI Global Trust300
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
08/6/200512:08AGM 2003 Meeting9,175

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Avi Global (AGT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:10:06202.01276557.55O
17:07:52202.0020,00040,400.00O
16:58:46201.546741,358.35O
16:57:19201.9318,69637,753.71O
16:45:14202.006,25012,625.00O
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Avi Global (AGT) Top Chat Posts

Top Posts
Posted at 06/2/2023 08:20 by 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 205p.
Avi Global Trust Plc has a 4 week average price of 190.40p and a 12 week average price of 185p.
The 1 year high share price is 206.40p 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 675,129 shares. The market capitalisation of Avi Global Trust Plc is £238,939.74.
Posted at 03/2/2023 08:39 by arja
certainly AGT has a nice uptrending chart but such a slow mover and I use CFDs which means overnight financing charges . I hate stamp duty if buying the shares and prfer shares where no SD payable such as S32, GLEN , PLUS etc
Posted at 20/1/2023 17:16 by vacendak
We might offload some of it and take some winnings.
Good news either way as AGT is relatively heavy in OCI.

This could put us back over 200p again soon.

Posted at 10/1/2023 11:55 by davebowler
hTTps://www.assetvalueinvestors.com/agt/content/uploads/2023/01/AGT-December-2022.pdf
Posted at 14/12/2022 09:13 by davebowler
hTTps://www.assetvalueinvestors.com/agt/content/uploads/2022/12/AGT-November-2022-1.pdf
Posted at 14/11/2022 11:55 by marktime1231
(Too much) gearing is sometimes a worry but it is only around 5% of mkt cap? Well if I could borrow £49M at 1.38% fixed for 10 years in order to invest in 30-40% discounted stock I would too. Keeping up the pressure on funds to buyback their own stock cheaply and doing some itself, but in small measures. As a consequence is that why the dividend has shrivelled then, I know this is not about income but it was welcome. A bit of confidence returning to the market to take us back to the 220's and we can put a tough year behind us. AGT remains the best performer in my long term portfolio, favourites like SMT, Shin and Nimmo are nowhere in sight.
Posted at 11/11/2022 13:05 by davebowler
October's HTtps://www.assetvalueinvestors.com/agt/content/uploads/2022/11/AGT-October-2022-1.pdf
Posted at 11/10/2022 12:16 by davebowler
Sept factsheet. hTTps://www.assetvalueinvestors.com/agt/content/uploads/2022/10/AGT-September-2022.pdf
Posted at 14/9/2022 09:33 by vacendak
htTps://citywire.com/investment-trust-insider/news/expensive-third-point-looks-to-pivot-after-loeb-suffers-unprecedented-losing-streak/a2397203

AGT has had some beef with them earlier this year.
Joe Bauernfreund has not updated us on this saga for a while now.

This one is an interview with Joe Bauernfreund on Quoted Data
httPs://quoteddata.com/research/interview-joe-bauernfreund-avi-global-trust-avi-japan-opportunity-trust/
Direct link to video:
htTps://www.youtube.com/watch?v=nX9MRq-4428

He talks about AGT and AJOT, more focused discussion, holding by holding, comments on discounts.
We learn that there is now only around 40% overlap in Japanese equities between AGT and AJOT. AJOT being used for smaller more illiquid holdings.

Bauernfreund says that 90% of his personal investment are in a mix of AGT/AJOT and other AVI funds. We need to take his word for it on that one of course.

Posted at 08/9/2022 09:12 by davebowler
One of our major holdings -
Liberum;
Note: Sector-leading performance

Mkt Cap £704m | Share price 396.5p | Prem/(disc) -37.1% | Div yield 1.1%

Event

EBITDA growth was the driver of OCI’s 17% H1 NAV return and has been the bedrock of the company’s sector-leading 23% 5-year NAV CAGR. Exit activity in H1 has again demonstrated the upside from the relatively mature portfolio. Conservative book values, strong EBITDA growth, and scope for further realisations leave OCI in a strong position to maintain its high returns. The shares offer material upside from the current 37% discount, and we upgrade our TP to 650p (from 533p).

Note: Oakley Capital Investments* (BUY, TP 650p from 533p) – Sector-leading performance

Posted at 28/4/2022 07:23 by 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.

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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

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