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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Avi Japan Opportunity Trust Plc | AJOT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 0.35% | 142.50 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 140.00 | 140.00 | 143.00 | 142.50 | 142.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 17/09/2024 | Interim | GBP | 0.01 | 10/10/2024 | 11/10/2024 | 08/11/2024 |
| 14/03/2024 | Final | GBP | 0.0085 | 25/04/2024 | 26/04/2024 | 24/05/2024 |
| 15/09/2023 | Interim | GBP | 0.0085 | 05/10/2023 | 06/10/2023 | 03/11/2023 |
| 16/03/2023 | Final | GBP | 0.008 | 27/04/2023 | 28/04/2023 | 26/05/2023 |
| 28/09/2022 | Interim | GBP | 0.0075 | 13/10/2022 | 14/10/2022 | 11/11/2022 |
| 17/03/2022 | Final | GBP | 0.007 | 28/04/2022 | 29/04/2022 | 26/05/2022 |
| 16/09/2021 | Interim | GBP | 0.007 | 30/09/2021 | 01/10/2021 | 25/10/2021 |
| 18/03/2021 | Final | GBP | 0.0065 | 29/04/2021 | 30/04/2021 | 27/05/2021 |
| 15/09/2020 | Interim | GBP | 0.0065 | 01/10/2020 | 02/10/2020 | 26/10/2020 |
| Final | GBP | 0.009 | 02/04/2020 | 03/04/2020 | 30/04/2020 |
| Top Posts |
|---|
Posted at 05/8/2024 20:04 by vacendak Got my automated monthly investment falling on this very special day.As I do not really expect AJOT to fall that much further, buying at 122 for something worth 140+ last week is pretty lucky. Have I "timed the market"? :) |
Posted at 02/5/2024 09:11 by davebowler Kepler-How to take advantage of these opportunities? All the Japan fund managers we speak with, despite employing different investment strategies, have seen tangible improvements coming from the reforms and have subsequently capitalised on some of the rising opportunities. AVI Japan Opportunity (AJOT) was launched in 2018, in order to take advantage of the corporate governance reform programme and its potential to unlock value in deeply discounted Japanese companies. Joe Bauernfreund, lead portfolio manager, focuses on the small-cap sector of the market and takes an activist approach, a strategy that’s helped deliver strong performance since it launched, delivering NAV total returns of 41.4% versus the total return of 17.5% for its benchmark (to 25/04/2024) . Following a trip to Tokyo this year, Joe observed that management appears to be actively listening to the strengthening regulations and guidance from the TSE and METI (Ministry of Economy, Trade, and Industry) last year. Furthermore, he notes that investors’ focus on large-caps has come at the expense of small-caps, which have been overlooked, prompting new opportunities to come forth at more attractive valuations, including BEENOS, a global e-commerce platform the trust recently invested in. |
Posted at 21/2/2024 09:19 by davebowler New research |
Posted at 07/11/2023 16:33 by jellypbean Topvest. I think NAVF assess value in terms of P/B. AJOT considers EV/EBIT.Changes in Japanese listing rules have incentivised companies to increase their P/B to get into prime listings. Might be a one-time move? Earnings should be more relevant than book in the long run, I think? |
Posted at 18/5/2023 07:25 by vacendak Yep, SK Kaken again and again.It is the same with Symphony with AGT. Not sure if they can crack that nut, the management/founding family has 40% and the other shareholders do not seem willing to be active enough to band with AJOT. They may have to drop that one in the long run. Cannot win all the battles. :( |
Posted at 14/9/2022 11:43 by vacendak This one is an interview with Joe Bauernfreund on Quoted DataDirect link to video: 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 22/8/2022 09:36 by vacendak The latest factsheet mentions the option to exit at NAV soon:"As laid out in AJOT’s prospectus, four years after launch shareholders who wish to exit will be given an opportunity to do so at close to NAV. The rationale behind including this clause was to ensure that if the original investment thesis did not generate the expected returns, or if circumstances had changed to make Japan unattractive, then Shareholders would not be penalised for wishing to exit. AJOT has generated better than market returns and there is still an abundance of compelling opportunities. Given the share price is trading at or close to NAV, we hope that any Shareholders who wish to exit will be able to sell their shares in the secondary market, without AJOT needing to incur the expense of a more complicated mechanism. Nonetheless, AJOT’s joint placing agents Singer Capital Markets and Kepler Partners will be consulting Shareholders over the coming months to canvass opinions about a possible exit and as detailed in the Prospectus, a strategy will be developed based on the demand, underlying liquidity of our investments and the other factors mentioned. The results of the consultation will be reported in October 2022." Considering that AJOT has mostly traded, on average, at a slight premium, this is unlikely to be a major issue comes October. |
Posted at 26/4/2022 17:02 by vacendak Investment Manager Increases HoldingAJOT is so badly run that activist investor AVI is taking a position in it to influence the manager and release some value. :) |
Posted at 17/1/2022 15:19 by davebowler Potential Share IssuanceWe continue to see an attractive investment environment and have identified six high conviction opportunities, comprising three new and three existing companies where AJOT could increase its position. To capitalise on these opportunities, we are exploring the most appropriate way of funding them, including a potential equity raise under the Company’s existing authorities. Alongside this option we are considering the possibility of increasing gearing, and/or recycling of some of the existing portfolio. The six identified opportunities could account for up to 35% of AJOT’s NAV, as the new capital is being sought to build large stakes to accelerate events and realise potential upside |
Posted at 17/12/2021 09:45 by vacendak Newsletter for November:www.ajot.co.uk/conte Good bet on Wacom, which is now the top investment in AJOT. |
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