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AJOT Avi Japan Opportunity Trust Plc

124.50
-3.50 (-2.73%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avi Japan Opportunity Trust Plc LSE:AJOT London Ordinary Share GB00BD6H5D36 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.50 -2.73% 124.50 88,405 16:35:09
Bid Price Offer Price High Price Low Price Open Price
126.00 127.50 129.00 126.00 127.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -2.94M -6.99M -0.0496 -25.40 177.45M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 28,666 124.50 GBX

Avi Japan Opportunity (AJOT) Latest News (1)

Avi Japan Opportunity (AJOT) Discussions and Chat

Avi Japan Opportunity Forums and Chat

Date Time Title Posts
17/4/202405:38AVI Japan Opportunity Trust127
10/12/201816:09Asset Value Investors seek opportunities in Japan3

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Avi Japan Opportunity (AJOT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-25 15:35:09124.5028,66635,689.17UT
2024-04-25 15:29:55126.001215.12AT
2024-04-25 15:23:03126.404,6945,933.22O
2024-04-25 15:15:16126.501,3001,644.50AT
2024-04-25 13:34:11128.006380.64AT

Avi Japan Opportunity (AJOT) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Avi Japan Opportunity Daily Update
Avi Japan Opportunity Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker AJOT. The last closing price for Avi Japan Opportunity was 128p.
Avi Japan Opportunity currently has 140,836,702 shares in issue. The market capitalisation of Avi Japan Opportunity is £177,454,245.
Avi Japan Opportunity has a price to earnings ratio (PE ratio) of -25.40.
This morning AJOT shares opened at 127.50p
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 08:25 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 12:43 by vacendak
This one is an interview with Joe Bauernfreund on Quoted Data

Direct 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 10:36 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 18:02 by vacendak
Investment Manager Increases Holding



AJOT is so badly run that activist investor AVI is taking a position in it to influence the manager and release some value. :)
Posted at 31/1/2022 12:11 by vacendak
AJOT is talked about in the second half of the article.
Posted at 17/1/2022 15:19 by davebowler
Potential Share Issuance
We 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/content/uploads/2021/12/AJOT-NOV-2021-2.pdf

Good bet on Wacom, which is now the top investment in AJOT.
Posted at 30/11/2021 15:25 by vacendak
Takeover bid for Daibiru at 50% premium to add 2.7% to AJOT's NAV

"While we are pleased that MOL has taken steps to address these issues, we believe the ¥2,200 bid significantly undervalues Daibiru given flaws in the procedures for calculating the offer price that conflict with Japan's Ministry of Economy, Trade and Industry's Fair M&A Guidelines. We are evaluating the bid in full and will be engaging with both Daibiru and MOL over the coming weeks to seek a price for minority shareholders that more accurately reflects true fair value."

Apparently AVI will try to get even more money from that welcome development.
Avi Japan Opportunity share price data is direct from the London Stock Exchange

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