Just watched their presentation on Kepler media
Very professional, worth watching the video once it is uploaded, if you're interested. |
Any views on the 11% holding by City of London recently announced? |
Starting to look attractive? |
Hopefully an improvement in performance going forward from here. |
I guess whether that's a good or a bad thing depends on whether you're already invested :-( |
extract......, the portfolio is still at around the lowest valuation level it has been at over the past decade...... |
BlackRock Frontiers faces drop from Interactive Super 60:
The BlackRock Frontiers (BRFI) investment trust was placed under ‘formal review’ in July following ‘an extended period of unsatisfactory performance’.
Over three years, its net asset value (NAV) has dropped 21.7%, while the shares have lost more than a quarter of their value. The £225m trust, which is managed by Sam Vecht, currently trades on a 6% discount and yields 6.2%.
‘Our in-depth review process will consider the various factors that contributed to the disappointing results, and will include a review of the team and the fund manager investment process,’ said Lipski. |
All quiet here Added a few today on a reasonable discount |
Despite being a holder, I am resisting the temptation to add. The countries where they are invested are mostly at the beginning of their virus outbreaks. They are economically fragile, heavily indebted and ill prepared for the disruption. Social unrest is very possible in Thailand and the Philippines where there is widespread corruption and dislike of their governments. |
UEM offering better value in this area ATM |
I used to own this a few years ago.
Its now at a 7% premium!! Probably another leg down to come then. |
Nope, that was me. |
You did well to pick any up at 95 !I thought those trades were in fact sells |
5,500 shares, had to split the trades. |
Got as many as I could at 95 pence, which was not many. |
Opened a position here Will look to add as things develop |
Well that looks under £1.11 on the bid atm, heading for 1.10 on the offer?. |
Mentioned previously we might see £1.10 a share here, not that far away now. |
Discount to NAV atm. |
These look very cheap if the virus burns itself out. |
Buyer around this morning.
Not sure why. |
I think once the virus is under control emerging markets will be back in favour, so although there could be more downside on a longer term view, absolutely. |
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