Avi Japan Opportunity Dividends - AJOT

Avi Japan Opportunity Dividends - AJOT

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Avi Japan Opportunity Trust Plc AJOT London Ordinary Share GB00BD6H5D36 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 106.00 00:00:00
Close Price Low Price High Price Open Price Previous Close
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Industry Sector

Avi Japan Opportunity AJOT Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

vacendak: htTps://www.ajot.co.uk/content/uploads/2020/10/AJOT-SEP-2020.pdf They have now given up on Tokyo Broadcasting System Holdings (TBS) as they are not responding positively to AJOT's entreaties. At least they have only spent one year on that. Back in the days of British Empire, they had held Hudson's Bay for an eternity in the hope they would sell their buildings... and the loss when they finally gave up was more concerning.
spectoacc: Thanks @vacendak. Nearly bought in the market mayhem but never got back in. One thing I really don't like about AJOT - Softbank?? Why?
vacendak: AJOT good cop - NAVF bad cop: Https://citywire.co.uk/investment-trust-insider/news/japan-activist-calls-in-spv-cavalry-for-small-cap-attacks/a1379859
vacendak: Q2 Newsletter is out: Https://www.ajot.co.uk/content/uploads/2020/07/AJOT-Q2-2020-Letter.pdf For those who follow AGT (AVI Global) a lot of it can be found in the latest AGT factsheet. June factsheet: Https://www.ajot.co.uk/content/uploads/2020/07/AJOT-JUN-2020.pdf This is only about the numbers. Note that Fujitec, the lift and escalator company is clocking at 9.3% of the NAV for AJOT, pretty high for a single holding. It is mentioned in the newsletter that AVI controls 3% of the company across its three vehicles (AJOT, AGT and likely their fund AFHC, the AVI Family Holding Companies fund). I could not find much about Japan in AFHC but I assume they have a component there that holds Fujitec. The Q2 newsletter explains some of the limitations put on foreign capital in Japan, but there is an exclusion clause for fund managers, so at 3%, they should have the wherewithal to do more than ask questions at some point.
vacendak: Https://www.investegate.co.uk/avi-japan-opport-tst/ajot/issue-of-ordinary-shares/202006181714494291Q/ That is now two rounds of issue in the past couple of days. They walked back from the big placement back in March, so they are doing it in small slices under the radar. The premium is pretty hefty too, considering the current market conditions so the dilution for existing shareholder is not too painful. :)
vacendak: Https://citywire.co.uk/investment-trust-insider/news/ftse-review-pershing-square-misses-top-100-spot-but-fandc-joins-it-in-the-queue/a1364841 At the end of the article: AJOT is mentioned as entering the FTSE All-Share index. "Several investment companies also won places in the FTSE All-Share, designed to track at least 98% of the UK market, via their inclusion in the FTSE SmallCap index, which companies must be worth at least £100m to enter."
vacendak: They have admitted defeat before the battle: Https://www.investegate.co.uk/avi-japan-opport-tst/ajot/initial-issue-update/202003230746351687H/ This was the right decision to take. I had considered putting some money on it back then, hoping that COVID-19 would be over within weeks, i.e. before the placement, but nope... They were allocating one share subscription right per share, which would have been nice when trading at 115+ p.
spectoacc: Suspect the time to buy AJOT will be in about 6 months, and certainly expecting as big a discount as the current premium. Agree that none of us want to get Covid-19. I'm amazed at the panic buying because surely, surely, everyone has their boxes of dried long-life foodstuffs already? Incredulous that they seemingly don't, particularly after 2008. Doesn't have to be a virus - could be war, nuclear accident, sun spot, earthquake... (...Flood, pestilence :) But who's laughing now. Not me - had never crossed my mind to stash toilet rolls).
vacendak: There is something about Japan focused investment trusts and premium values. I think it is because people see the Japanese QE as neverending. I topped up recently on AJOT before COVID-19, so I bit the bullet and paid the slight premium. Let's say I did not time the market very well! :( Oh well, I am planning on holding this for years, so I shall not sweat too much.
spectoacc: 88.4p NAV on Monday, wow. Got my eye on AJOT but at a discount, not 96p offered.
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