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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vietnam Enterprise Investments Limited | LSE:VEIL | London | Ordinary Share | KYG9361H1092 | ORD USD0.01 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 3.00 | 0.50% | 608.00 | 50,152 | 16:35:10 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 606.00 | 610.00 | 610.00 | 604.00 | 604.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | USD 199.84M | USD 160.95M | USD 0.8261 | 7.34 | 1.18B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:10 | UT | 23,484 | 608.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 14/3/2025 | 07:00 | UK RNS | Vietnam Enterprise Investments Ltd Net Asset Value(s) |
| 14/3/2025 | 07:00 | UK RNS | Vietnam Enterprise Investments Ltd Transaction in Own Shares |
| 13/3/2025 | 07:00 | UK RNS | Vietnam Enterprise Investments Ltd Net Asset Value(s) |
| 13/3/2025 | 07:00 | UK RNS | Vietnam Enterprise Investments Ltd Transaction in Own Shares |
| 12/3/2025 | 07:00 | UK RNS | Vietnam Enterprise Investments Ltd Transaction in Own Shares |
| 12/3/2025 | 07:00 | UK RNS | Vietnam Enterprise Investments Ltd Net Asset Value(s) |
| 11/3/2025 | 07:00 | UK RNS | Vietnam Enterprise Investments Ltd Net Asset Value(s) |
| 10/3/2025 | 07:00 | UK RNS | Vietnam Enterprise Investments Ltd Net Asset Value(s) |
| 07/3/2025 | 12:43 | ALNC |  Vietnam Enterprise Investments plans performance-related tender offer |
| 07/3/2025 | 10:00 | UK RNS | Vietnam Enterprise Investments Ltd Kepler Trust Intelligence: Webinar |
Vietnam Enterprise Inves... (VEIL) Share Charts1 Year Vietnam Enterprise Inves... Chart |
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1 Month Vietnam Enterprise Inves... Chart |
Intraday Vietnam Enterprise Inves... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/3/2025 | 18:19 | Vietnam Enterprise Investments Ltd Usd Di | 151 |
| 01/11/2006 | 14:47 | Is the VEIL Neccessary? | 8 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-03-14 16:35:10 | 608.00 | 23,484 | 142,782.72 | UT |
| 2025-03-14 16:08:31 | 609.00 | 82 | 499.38 | O |
| 2025-03-14 15:51:17 | 606.83 | 500 | 3,034.14 | O |
| 2025-03-14 15:48:52 | 606.00 | 13 | 78.78 | AT |
| 2025-03-14 15:44:37 | 606.00 | 13 | 78.78 | AT |
| Top Posts |
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Posted at 15/3/2025 08:20 by Vietnam Enterprise Inves... Daily Update Vietnam Enterprise Investments Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker VEIL. The last closing price for Vietnam Enterprise Inves... was 605p.Vietnam Enterprise Inves... currently has 194,833,229 shares in issue. The market capitalisation of Vietnam Enterprise Inves... is £1,180,689,368. Vietnam Enterprise Inves... has a price to earnings ratio (PE ratio) of 7.34. This morning VEIL shares opened at 604p |
Posted at 07/3/2025 20:00 by 31337 c0d3r Up 1.51% today, seems to be working already.I wonder if this was partly to stave off Bill Gates' recent VEIL purchase, keeping in mind the upcoming discontinuation vote. For future reference: The Company announces that, at its close of business on 6 March 2025 its unaudited net asset value was USD 1809.2 million or USD 9.94 per share (Sterling equivalent at that date was GBP 1403.5 million or GBP 7.71 per share). Yesterday's close: 596p Discount to NAV: 22.69% |
Posted at 07/3/2025 07:14 by 31337 c0d3r 7 March 2025Vietnam Enterprise Investments Limited ("VEIL" or the "Company") 100% Conditional Tender Offer The Board of VEIL is pleased to announce that the Company proposes to introduce a five-year performance-related 100% conditional tender offer (the "Conditional Tender Offer"). The Conditional Tender Offer will be conditional on the Company's net asset value ("NAV") total return underperforming against its reference index, currently the Vietnam Ho Chi Minh Stock Index ("VN Index"), over the five-year period from close of business on 31 March 2025 to close of business on 31 March 2030 (the "Performance Period"). The Board has confidence that the Company's Investment Manager will outperform the Company's reference index over the next five years. Nonetheless, in consultation with the Investment Manager, the Board has decided that, should performance be below the reference index, there should be a mechanism for shareholders to realise up to 100% of their interests in the Company. Accordingly, if the Company's NAV total return fails to meet or exceed the reference index total return (both in USD terms) over the Performance Period, and subject to the Discontinuation Resolutions (as such term is defined below) not being passed at the Company's 2025 and 2030 annual general meetings, the Board will put forward proposals to shareholders to undertake a tender offer for up to 100% of their interests in the Company. Any such tender offer will be at a price equal to the realisation proceeds of a tender pool created by reference to the then prevailing NAV less the costs of the tender offer. The allocation of the Company's assets to the tender pool will be undertaken with the aim of ensuring that continuing and exiting shareholders are treated fairly. The return of capital from the realisation of assets in the tender pool may take place in more than one tranche, with the timing of returns of capital dependent on the number of shares tendered, the composition of the tender pool and prevailing market liquidity at that time. In accordance with the Company's articles of association (the "Articles"), the Company is required to propose a special resolution for the winding up of the Company at its annual general meeting in 2025 and every five years thereafter (a "Discontinuation Resolution"), such resolution becoming effective on the 31 December in the second year after the passing of the Discontinuation Resolution. The purpose of the Discontinuation Resolution is to enable shareholders to reflect, on a reasonably regular basis, on the continued existence of the Company. If the Conditional Tender Offer is triggered, the Company intends to seek shareholder approval for the requisite share buy-back authority at the Company's annual general meeting in 2030. The Conditional Tender Offer will be conditional upon obtaining this approval, meaning shareholders will ultimately decide whether the Conditional Tender Offer proceeds. The Conditional Tender Offer will also be conditional on the Discontinuation Resolution not being passed at the Company's 2030 annual general meeting. If the Discontinuation Resolution is passed at the 2030 annual general meeting, shareholders would ultimately receive the proceeds from 100 per cent of their investment through the winding-up process. However, in accordance with the Articles, the winding-up would only take effect on 31 December 2032, and the process of realising the portfolio and distributing proceeds to shareholders may take longer, depending on market conditions and the liquidity of the Company's portfolio. The Board therefore expects that, if triggered, the Conditional Tender Offer would provide an alternative mechanism for shareholders seeking a shorter timeframe for the return of their capital. The introduction of the Conditional Tender Offer will not affect the Board's current approach to discount management, and the Board will continue to exercise its authority to buy back shares when it believes this to be in shareholders' interests, and with the aim of managing the discount at which the Company's shares trade relative to the NAV per share. Chair Sarah Arkle said: "The Board remains confident in the Company's future prospects. However, we are disappointed with the level of the discount at which the Company's shares have been trading, which has widened in common with other listed investment company discounts. In recognition of this, and to give shareholders an opportunity to exit their holding if the Company underperforms, and with the full support of the Investment Manager, the Board is introducing a 100% Conditional Tender Offer, allowing shareholders to realise up to 100% of their investment if the Company's NAV performance underperforms its reference index over the next five years. This ensures that, in the event of underperformance against the reference index, shareholders who wish to exit have a structured option, while long-term investors can continue to benefit from Dragon Capital's investment process and commitment to active fund management, which will remain unchanged. We believe this strikes the right balance between confidence in our future performance and our commitment to shareholder value." |
Posted at 27/11/2024 09:38 by 31337 c0d3r Around 20 years ago many of these boards were buzzing with speculation Bill Gates was building a stake. It was always just ramping.Fast forward 20 years, and we discover Bill Gates has actually built a hefty 15% stake in VEIL yet nobody seems to notice. |
Posted at 12/11/2024 15:04 by 31337 c0d3r RNS Number : 8660LVietnam Enterprise Investments Ltd 12 November 2024 12 November 2024 Vietnam Enterprise Investments Limited ("VEIL" or the "Company") Quarterly Insights VEIL is a London listed investment company investing primarily in listed equities in Vietnam and a FTSE 250 constituent. Vietnam's Opportunities and Challenges in the Wake of Trump's Election Victory Mr Tuan Le, Lead Portfolio Manager The implications of Donald Trump's re-election for Vietnam's trade-driven economy are complex, with a potentially accelerated shift in US economic policy toward national competitiveness likely to inject volatility and uncertainty into emerging markets. Equity Market Outlook In the years leading up to the pandemic under Trump's first term, Vietnam's equity market delivered strong performance, with net profit growth reaching 19.1%. However, the unpredictability of Trump's policies and public statements heightened market volatility, leading to a discount on valuations despite underlying earnings growth. During this period, the VN Index achieved a compounded return of around 15%, slightly trailing profit growth due to those volatility concerns. While Vietnam's economic and trade outlook remains relatively positive, supported by pro-growth domestic policies, the potential strengthening of the dollar could increase foreign selling in emerging markets in favour of US equities. Emerging markets, including Vietnam, may continue to see valuation discounts, as was the case during Trump's previous term. Consequently, expected returns in Vietnam's equity market may lag earnings growth. While this risk is notable, the valuation of our Top-80 universe of stocks remains at 11.6x based on projected 2024 earnings, compared to the five-year historical average of 13.9x, suggesting limited room for further de-rating due to support from domestic investors seeking value. The extent to which Vietnamese investors can offset the potential continuation of foreign outflows, already over US$3 billion year-to-date, will be an important factor in the medium term. Domestic interest rates can also play an important role in supporting local equity flows. Retail deposit rates for 12-month terms are at near all-time lows of approximately 5.7%, making term deposits less attractive compared to potential equity market gains, likely encouraging investors to favour equities. While rates are expected to stay stable as the government supports economic growth through a lower rate environment, potential shifts in Trump's renewed agenda could introduce additional uncertainties. Currency Concerns Exchange rate stability has been a focal point of US monitoring in recent years. In 2020, the US Treasury labelled Vietnam a currency manipulator, citing Vietnam's high trade surplus, a strong current account, and foreign exchange interventions. Although this designation was removed in 2021, Vietnam remains on the US Treasury's monitoring list. To counter concerns about competitive devaluation, the Vietnamese government has taken clear steps to prevent excessive devaluation of the dong. Since 2022, the State Bank of Vietnam has deployed over US$20 billion in reserves to stabilise the currency, signalling its commitment to exchange rate stability and allay concerns over competitive devaluation. Potential Impact of New Tariffs Trump's election could reintroduce high tariffs and renegotiations of trade agreements, thereby amplifying market volatility but simultaneously enhancing Vietnam's role as an alternative manufacturing hub. Trump's economic agenda, including tax cuts, deregulation, and increased deficit spending, may strengthen the dollar, which presents a mixed scenario for Vietnam's capital markets and export-oriented sectors. These sectors may face heightened trade barriers but could also benefit from redirected trade flows due to shifts in global manufacturing. Among Trump's proposed policies are a 60% tariff on Chinese imports and an additional 10-20% tariff on imports from other trade-surplus nations. While a blanket tariff on all imports is unlikely given the potential impact on US consumers, we believe targeted tariffs on sectors with high export volume to the US may become a reality. Vietnam, with a strong presence in industries like electronics and textiles, may be at risk of such targeted measures. To offset potential trade restrictions, Vietnam could work toward narrowing its trade surplus with the US by increasing imports of high-value goods such as aircraft, energy, and technology, contributing to a more balanced trade relationship. The government is also actively addressing transhipment risks, particularly for goods suspected of being re-routed through Vietnam to bypass US tariffs on Chinese products. For instance, Vietnam's Ministry of Industry and Trade has launched investigations into steel imports from China and South Korea to deter illegal re-export practices and reinforce its commitment to legitimate trade. Implications for the Road Ahead With China accounting for 32% of global manufacturing and Vietnam at 2-3%, Trump's re-election may prompt further shifts in supply chains away from China. As new trade barriers pressure Chinese exports, countries like Vietnam are positioned to benefit, much as they did during Trump's first term. However, this opportunity comes with a likely increase in scrutiny of Vietnamese goods, particularly in sectors with strong FDI links to China or those at risk of transhipment issues. On balance, the outlook appears positive for Vietnam, with opportunities to capture a larger share of the global supply chain as production diversifies. Vietnam's government is expected to take proactive steps, drawing on experience to implement pre-emptive measures. This environment could provide momentum for key policy shifts, such as formal agreements with the US to clarify rules of origin, address transhipment concerns, and promote accelerated localisation within Vietnamese industries. Greater localisation would strengthen supply chain resilience and create the potential for domestic firms to move beyond OEM manufacturing toward capturing more value in direct-to-consumer markets. [Table does not tabulate correctly in ADVFN posts. See original news article here] Top Ten Holdings (59.4% of NAV) Source: Bloomberg, Dragon Capital NB: All returns are given in total return USD terms as of 30 September 2024 For further information, please contact: Vietnam Enterprise Investments Limited Rachel Hill |
Posted at 12/11/2024 14:58 by 31337 c0d3r PDMR NotificationThe Company has received notification that Sarah Arkle, a director of the Company, purchased 10,304 ordinary shares in the Company on 11 November 2024 at an average price of £5.74988 per share (for an aggregate price of £59,246.76). Following this purchase, Sarah Arkle holds 20,000 ordinary shares in the Company. |
Posted at 19/7/2024 10:03 by 31337 c0d3r New research report on VEIL."Vietnam looks set for a year of recovery in 2024, with corporate earnings rebounding after two weak years, buoyed by notable recovery in export growth, domestic manufacturing and consumption. Vietnam Enterprise Investments’ (VEIL’s) new manager Tuan Le has positioned the portfolio for this recovery..." Full article: |
Posted at 15/4/2024 08:20 by aleman It was only a modest drop until an hour ago. I suspect it might be linked to this breaking news, which is quite big in an economy where gold is a major form of saving and a shortage of bars has seen the local price 30% or so above global prices. It could have been a trigger for some short-term profit-taking after a few decent months of gains. If so, I think it is likely to be a temporary blip as far as stockmarkets are concerned. |
Posted at 11/10/2023 13:54 by arja odd that VEIL down 6 today but VOF up 8 ! must be a move to make the discounts to NAV more in line :) |
Posted at 08/9/2023 09:38 by dickiehh Veil looks very good value to me atm. Vietnam one of the few countries where stock market doing well. Veil is on a discount of nearly 20 percent (620/764 NAV) |
Posted at 07/9/2023 12:09 by arja picked VOF for today's day or overnight trade but should have licked VEIL as it has done well today and seems that it varies between these 2 trusts at times . VNH is a MM stock and I avoid |
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