Avi Japan Opportunity Share Discussion Threads

[vacendak] 31/1/2022 12:11

AJOT is talked about in the second half of the article.

[vacendak] 17/1/2022 16:43

Turning more aggressive are we?
The NAV is again languishing below 120p.

AJOT may beat its index, but the index is doing pretty poorly at the moment. Still, the premium remains so the market trusts the manager, so shall I.

[davebowler] 17/1/2022 15:19

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

[davebowler] 17/1/2022 15:13

WEBINAR ON NEW CAPITAL RAISE -

[vacendak] 17/12/2021 09:45

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.

[vacendak] 30/11/2021 15:25

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.

[vacendak] 26/10/2021 16:02

I do not get the latest RNS about the share issue. They say they created 250,000 at 117p but these seem to show as "held in treasury".
Unless this is just a coincidence: They created 250,000 and sold them and... we still have 250,000 held in treasury. However... why not just sell the treasury shares?

[davebowler] 16/9/2021 20:31

htTPs://www.ajot.co.uk/content/uploads/2021/09/AJOT-AUG-2021.pdf

[davebowler] 14/9/2021 16:01

AVI JAPAN OPPORTUNITY TRUST PLC

It is announced that the un--audited Net Asset Value per Ordinary share (inclusive of accumulated
income) of AVI Japan Opportunity Trust plc, an investment trust managed by Asset Value Investors
Limited, at the close of business on 13 September 2021 was as follows:

Net Asset Value: 123.88 pence

[chrisdgb] 13/9/2021 08:58

Yep looking very nice here and relatively Japan has been out performing, a core holding.......

[vacendak] 13/9/2021 08:53

Well, it was good to moan about it as it has been taking off lately.

[vacendak] 02/9/2021 16:21

Taking off at long last?

The NAV is also moving up and at 115.76p is the highest ever according to my Excel data.
The three year anniversary is for end of October, 15.76p is not a loss but the passive brigade would be right to point out that a bland ETF tracker of pretty much anything would have beaten that.

We also got some half decent dividend payments; but again, not really the beast I was expecting three years ago.

[vacendak] 18/8/2021 19:44

The usual story with a couple of examples. No mentions that it has now been years and we are still waiting for the fireworks. Sure, it is climbing slowly at the moment and the plague is ravaging Japan... but that does not explain the NAV being stuck in the 110-115p bracket for months on end.

Still holding though.

[vacendak] 02/7/2021 14:13

So it is all "a bit meh" as Bart Simpson would say, despite the title of the RNS. This sounds like those politicians who claim encouraging numbers while being defeated. A loss is a loss when all is said and done.

The only two resolutions that have passed are not going to do much towards taking back control from the evil KKR.

Nice try though, more attempts to come I guess.

[spectoacc] 17/6/2021 11:42

Bauernfreund constantly talks such a good game, all these successes, all these super-cheap Japanese co's. You'd think NAV would be £3 by now, not £1.10.

[vacendak] 17/6/2021 09:19

Ironically, the last time I looked at it, the overlap of the Japanese basket in AGT with AJOT was significant. As noted above, AJOT is not going anywhere for some reason even when AGT reports nice things from their Japanese holdings.

[davebowler] 17/6/2021 08:34

Glad I get my Japan exposure via AGT!

[spectoacc] 24/5/2021 07:43

AJOT talk a good game: Japanese deep value, activism, endless ops - yet NAV all of 2p above issue price of almost 3 years ago. A small yield to add on, and a c.1.5% ongoing charge to take off, but unconvinced it deserves its premium.