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Share Name Share Symbol Market Type Share ISIN Share Description
Pacific Alliance China Land Limited LSE:PACL London Ordinary Share KYG6846Y1035 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.18 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown 0.1 -0.6 0.0 - 19

Pacific Alliance China L... Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
23/4/2015
13:07
RNS out nav up
jaws6
05/5/2014
14:46
Details of last tender, which Oct 2012...

On 7 February 2011, the Company announced that to facilitate the Company's investment strategy going forward, and following advice from its Investment Manager, the Board of Directors had modified the Company's distribution policy to match distributions to shareholders with ordinary course realisations in order to maximise returns, instead of liquidating an investment primarily to fund a distribution. The modified policy requires that each distribution represent 50 per cent. of the Company's net realised profit of a fully realised investment. The returned principal plus the balance of the net realised profit is made available for reinvestment by the Company.

HTTP://pacl-fund.com/wp-content/uploads/2012/10/PACL-Tender-Offer-Circular_17-Oct-2012_CLEAN.pdf

and the tender result...

http://uk.advfn.com/news/UKREG/2012/article/55082756

rambutan2
05/5/2014
14:45
HTTP://pacl-fund.com/about-us/

I noticed that OAM, whose manager i respect, added 1.75m to its stake last month at $1.705,
http://uk.advfn.com/news/UKREG/2014/article/61910149
which encouraged me to take a look at this AIM vehicle.

Nav has just taken a bit of a hit, but the discount is still well over 20% and
http://uk.advfn.com/news/UKREG/2014/article/61944227
overall the track record is good if one is looking for what is perhaps a bit of a contrarian play ie Chinese property.

I like the fact that it distributes 50% of realised profits via tenders, see post 1 below, and there are shareholders on board who won't take too much nonsense and are capable of keeping the board on its toes.

rambutan2
Chat Pages: 1
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