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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50 -2.3% 106.00 105.50 106.50 107.00 106.00 107.00 31,083 16:29:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.3 1.5 1.4 75.7 125

Avi Japan Opportunity Share Discussion Threads

Showing 51 to 74 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
16/10/2020
16:33
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.
vacendak
14/9/2020
15:53
According to the latest update, the fund capitalisation is back to what it was in February 2019 (yep, 2019) when it became fully invested. The NAV is creeping back up indeed and still hovering about a slight premium, although it has been hitting a discount every now and then lately.
vacendak
14/8/2020
16:32
The NAV is now above 100. It would be better if it could cruise back to 113 or more.
vacendak
12/8/2020
13:44
It has been a bit disappointing of late indeed. Technically they are strongly overperforming their index (MSCI Japan Small Cap) but the index is running at -11.6% in 2020. So, it is merely a "less worse" achievement. New factsheet out for July. A bit more text than usual, no mention of Softbank in the commentary. It is indeed in 4th place for the top holdings at 6.2%. From the AIC website under "Japan Smaller companies" this is the only trust with Baillie Gifford Shin Nippon to be at a premium. For strong discount (-17.4%) go for Atlantis Japan Growth.
vacendak
12/8/2020
11:22
Still keeping eye on it but the NAV's been mildly disappointing IMO, & I still can't abide that 6% in Softbank! But agree a discount unlikely & it's an LTBH at some point - good luck.
spectoacc
12/8/2020
11:02
Bought in here for the first time today having watched it since launch but not having had the bottle to buy in late March / early April (though was busy trading various other things at that time). Like others, I like the strategy, but it's a pity about the lack of a discount. So one to buy and forget about completely IMO as I guess there'll never be much of a discount though I believe the NAV will rise steadily.
value hound
24/7/2020
15:11
hTTps://soundcloud.com/thedeallive/activistinvesting-2020-05-29-bauernfreund
davebowler
20/7/2020
09:57
Talking about ARM: Https://www.dailymail.co.uk/money/comment/article-8538843/ALEX-BRUMMER-Restoring-Arm-Britain.html
vacendak
20/7/2020
06:20
Thanks @steve3sandal & @vacendak.
spectoacc
19/7/2020
19:53
The Factsheets provide a good rationale for Softbank. Bought at distressed prices and Softbank changes afoot. I'm happy to hide something here.
steve3sandal
19/7/2020
07:29
Thanks @vacendak. Nearly bought in the market mayhem but never got back in. One thing I really don't like about AJOT - Softbank?? Why?
spectoacc
17/7/2020
07:46
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
16/7/2020
15:40
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
09/7/2020
16:33
Joe Bauernfreund has an article in MoneyWeek: Https://moneyweek.com/investments/stocks-and-shares/share-tips/601594/three-stocks-to-cash-in-on-corporate-japans-cash Usual background on Japan: Companies heavy on cash, etc. New bit on the chronic under developed IT infrastructure in Japan.
vacendak
18/6/2020
16:24
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
05/6/2020
20:11
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
03/6/2020
10:39
Webcast at 12.30 today, password is japan HTtps://keplerpartnersuk.webex.com/mw3300/mywebex/default.do?nomenu=true&siteurl=keplerpartnersuk&service=6&rnd=0.25569678984679733&main_url=hxxps%3A%2F%2Fkeplerpartnersuk.webex.com%2Fec3300%2Feventcenter%2Fevent%2FeventAction.do%3FtheAction%3Ddetail%26%26%26EMK%3D4832534b00000004f8819342e21b15f7db7b6a070c394957c3cccac03db8fcadb3e72f0fb3cd313f%26siteurl%3Dkeplerpartnersuk%26confViewID%3D162388247943579883%26encryptTicket%3DSDJTSwAAAATXt-9Fsr4-e9UQv8TuKfkTuB0nGBWuEqxeMH20EK9kSQ2%26
davebowler
23/3/2020
14:29
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.
vacendak
12/3/2020
07:22
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).
spectoacc
11/3/2020
23:01
re: "rampages across the USA" - I'm beginning to worry about it rampaging across me, albeit only other symptom is being incredulous at other people's panic buying in the country which flogs souvenirs and trinkets to do with 'keep calm and carry on'. Been watching AJOT for ages wondering whether to add it alongside AGT
cordwainer
11/3/2020
11:22
Japan ought to be out of it sooner than we are - good luck! Tho I still say - "Never pay a premium" ;)
spectoacc
11/3/2020
09:36
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.
vacendak
11/3/2020
06:53
Thanks @v, certainly won't be buying at fat premium! Bought it at float, but sold out too soon (about 103p). I like the ethos/method of AVI, hopefully will pick it up about 80p, when Covid-19 rampages across the USA :(
spectoacc
10/3/2020
21:36
They are soon issuing more shares at 100p. I have received a message recently about my right to subscribe. Talk about bad timing, I think I shall pass as I do not expect COVID-19 and its associated fears to be gone by next month. @SpectoAcc This one started at a premium on the day of listing and has mostly always been at a slight premium. Looking at my spreadsheet, only ten days at a very slight discount on a 52w basis. The biggest value was 1.99% on 24/2/2020. Best of luck in timing the market on this one. :)
vacendak
Chat Pages: 3  2  1
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