Qatar Investment Share Discussion Threads

[jaws6] 24/7/2013 11:44

RNS out nav US$1.1959.

[flashheart] 18/4/2013 08:37

No problem. Happy to share factual info as we all should be. (I also hold in my SIPP for the long term).

[philo124] 18/4/2013 08:35

Thanks flash, had a look and bought some for my Sipp and will buy more in due course. Thanks again.

[flashheart] 18/4/2013 07:49

May be of interest to some...... Premier Energy and Water Investment Trust (PEW) has a major holding in QIF. Has had a good run of late but still trades at a 15% discount to NAV with around a 7% dividend yield. Just another option to gain exposure to QIF.

[philo124] 16/4/2013 21:43

Yep, IRV is my other play on that, also in SIPP.

[flashheart] 16/4/2013 21:17

I think you mean 2022 World Cup.

[philo124] 16/4/2013 14:50

Bought this a.m. for SIPP/ 2022 Word Cup.

[philo124] 15/3/2013 08:17

topvest, agree with you. Anybody still in this?

[jaws6] 24/10/2012 12:20

New RNS on future tender offers

[topvest] 20/10/2012 09:07

They are also proposing a change in investment policy to allow more investment in Saudi Arabia - can't see the point of that given it's a Qatar investment fund. Poorly run this vehicle in my opinion, unlike the underlying investments that are really good.

They should FOCUS on Qatar, reducing TER to a competitive 1-1.5%, increasing the dividend and reducing the discount. That way they could grow the fund rather than having to launch a tender offer.

If they want to invest in Saudi Arabia (probably because the Investment Manager is bored) then start a new fund, rather than messing around with a focused fund.

It's really very simple here - they could just invest in Qatar National Bank, Industries Qatar, Commercial Bank of Qatar, Doha Bank etc and 5-10 others and leave the fund invested to grow at 20% per annum. No activity or effort required at all. US$3m as a fee should be cut to US$2m or less if the directors did their job properly.

Given City of London's ethos, I can't see that they will vote for these new arrangements.

[philo124] 20/10/2012 08:45

The few Qataris that i have met have been very nice people, and generous.

[topvest] 20/10/2012 08:40

Odd fund this one. I'm a holder as it's the only UK listed Qatar fund. Qatar has to be one of the most attractive investment opportunities in the globe given the high growth, high dividend yield, low valuation combination of the portfolio.

This fund could be much more successful in my opinion. Rather than the 20% tender offer wouldn't it have been better for the board to have negotiated a TER reduction from 2 to 1.5% as the costs are still higher than they should be.

A naughty point is that the voting forms for the discontinuation vote had no paid postage, for obvious reasons. There is no need to act in that way. I'm happy to stay invested, but the Board could do more to keep investors happy imo.

City of London Investment Management Group hold 30% of the shares, so I suspect they have pushed for the tender offer. Not logical to sell shares in Doha listed companies at the moment imo given their valuations:

12 P/E of 10, 13 P/E of 9
Dividend yield 5-6%
ROEs of 20%
IMF projected growth of 6% in 2012

Cheap!
+ Qatar may well be switched from Frontier to Emerging Markets status soon.

[jaws6] 17/10/2012 15:49

skyship
Tks .
It was for TRC ,but it is hard to buy in India in all this scam coming out with political people and big names.

[skyship] 17/10/2012 14:16

jaws - I think you may have placed a post on the PE thread which was intended for elsewhere...

[jaws6] 17/10/2012 14:07

tender offer RNS out

[spital23] 05/2/2012 23:24

Hi There

This is now a buy rating in the January 2012 Issue of The Zurich Club Communique

[rambutan2] 01/9/2011 10:27

Worth posting today's rns. At the least could result in a better value management contract...

The Company and EQOH give precautionary notice of termination to investment manager ahead of 2012 vote on life of the Company

Shareholders will be aware from various Company disclosures that the Company currently does not have a fixed life and that, in accordance with the articles of association, at the annual general meeting of the Company in 2012, a resolution will be proposed that the Company ceases to continue in existence (the "Discontinuation Vote"). Shareholders holding at least 51% of the ordinary shares must vote in favour of the resolution for it to be passed.

The Company and its investment manager Epicure Managers Qatar Limited ("EMQL") entered into a revised investment management agreement dated 21 February 2011, as amended (the "Management Agreement"). The Board notes that the Management Agreement is terminable on a minimum of twelve months' notice. In order to avoid the Company incurring unnecessary expense in the event that the Discontinuation Vote is passed, the Board has determined that it would be prudent to give precautionary notice of termination under the terms of the Management Agreement.

Accordingly, the Board of the Company announces that it and its wholly owned subsidiary Epicure Qatar Opportunities Holdings Limited ("EQOH") have given precautionary notice to EMQL of the termination of the Management Agreement. The termination is to take effect on 1 November 2012.

The Company appointed EMQL as the investment manager of the assets of the Company and its subsidiary upon the launch of the Company and EMQL has, since that time, had responsibility for the management of those assets. EMQL appointed Qatar Insurance Company S.A.Q. to act as the investment adviser to EMQL and the Company under the terms of an investment advisory agreement which will terminate automatically on the date on which the Management Agreement terminates.

The Board will take steps to ensure that appropriate investment management and advisory arrangements are considered at the time of the Discontinuation Vote.

[topvest] 26/7/2011 15:11

Just bought a few of these - seem to have overlooked this one. Looks a very exciting place to do business in Qatar at the moment and their investments appear cheap versus other growth countries.

[rambutan2] 22/6/2011 00:30

The Board of Qatar Investment Fund plc ("the Fund") announces that the unaudited, undiluted net asset value per share on 16 June 2011 was US$1.0257 and the unaudited, fully diluted net asset value per share was US$1.0255.

[rambutan2] 22/6/2011 00:29

Qatar Investment Fund plc is pleased to announce that as of 8.00 am today (13/05/11) its shares are now traded on the Main Market of the London Stock Exchange. The listing transferred from AIM where the shares have traded since launch in July 2007.

Welcoming the move to the Main Market, David von Simson, Chairman, said:
"Qatar Investment Fund has come of age. The move to the main market of the London Stock Exchange will widen the pool of potential investors and should increase liquidity as well as strengthen our profile.

"We've completed the series of changes we embarked upon some months ago: the investing policy now gives greater flexibility, the new name better reflects the purpose of the company and the move to the Main Market enhances its standing and attractions to investors.

"At a time of volatility in frontier markets, Qatar stands out as a prosperous, well managed and fast growing economy. The unemployment rate is 0.5%. The IMF calculates that Qatar leads the world with GDP per capita of over $75,000 and forecasts Qatar nominal GDP will grow 26% in 2011, making it the fastest growing economy in the world.

"The Qatar Investment Fund offers investors exposure via an investment company listed in London, with the investment adviser based on the ground in Doha, Qatar."
On Admission to the Main Market there were 233,521,162 ordinary shares and 34,271,000 warrants in issue.