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Share Name | Share Symbol | Market | Stock Type |
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Vinacapital Vietnam Opportunity Fund Ld | VOF | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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474.50 | 470.50 | 474.50 | 473.00 | 473.00 |
Industry Sector |
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EQUITY INVESTMENT INSTRUMENTS |
Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
---|---|---|---|---|---|---|
23/10/2023 | Interim | USD | 0.07 | 02/11/2023 | 03/11/2023 | 04/12/2023 |
23/03/2023 | Interim | USD | 0.0625 | 06/04/2023 | 11/04/2023 | 11/05/2023 |
24/10/2022 | Interim | GBP | 0.067081 | 03/11/2022 | 04/11/2022 | 05/12/2022 |
24/03/2022 | Interim | GBP | 0.062279 | 07/04/2022 | 08/04/2022 | 10/05/2022 |
25/10/2021 | Interim | GBP | 0.058676 | 04/11/2021 | 05/11/2021 | 06/12/2021 |
26/03/2021 | Interim | GBP | 0.043329 | 08/04/2021 | 09/04/2021 | 04/05/2021 |
27/03/2020 | Interim | GBP | 0.041517 | 05/11/2020 | 06/11/2020 | 25/11/2020 |
27/03/2020 | Interim | USD | 0.055 | 05/11/2020 | 06/11/2020 | 25/11/2020 |
26/03/2020 | Interim | GBP | 0.04454 | 09/04/2020 | 14/04/2020 | 01/05/2020 |
24/10/2019 | Interim | GBP | 0.04262 | 31/10/2019 | 01/11/2019 | 27/11/2019 |
Top Posts |
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Posted at 26/4/2024 16:46 by aleman Some of my investment trusts have seen a significant reduction in discounts to NAV in recent weeks. VOF are lagging a bit in this regard to the point it is starting to look a bit anomalous. |
Posted at 24/4/2024 09:17 by amt Yes property prices are high but interest is picking up.I notice VOF seems to predict the following days market trend. Market up a lot today but VOF already moved up yesterday. The discount has closed a few % points. |
Posted at 19/4/2024 11:26 by mancman1 I have been looking back at the five year VOF chart and comparing it with the Vietnam Index and VNH.All three registered big falls in Sept/Oct 2022 when I assume news of the fraud first appeared. VOF and the Index have recovered since then, although both are still well off their pre Sept 2022 peaks. VOF has I think been more stable than the index. VNH on the other hand has surged way past its previous levels. I am fairly relaxed about VOF as an investment, but it represents only 1.4% of my portfolio. I would be a bit more nervous of VNH I think. |
Posted at 18/4/2024 20:00 by kenmitch Everything Aleman has posted here about corruption in Vietnam is accurate.Here’s the full corruption list of every country in the World. There are 103 Countries that are MORE corrupt than Vietnam, including India (it hasn’t stopped their stock market from doing well and being highly rated) whereas Vietnam market PE is cheap. India PE ratio is 25 compared with Vietnam 14. India’s PE ratio is even higher than US 23, and UK 12. Note that Countries like Ukraine, Brazil, Thailand, Turkey and Indonesia are more corrupt than Vietnam. And people are missing one of Aleman’s key points; Vietnam is being ruthless now in tackling corruption.It might help improve the corruption figure fast if death sentences are the risk if caught! And another key point being misunderstood is that the banking corruption episode was in 2022. That’s why the Vietnam stock market fell 30% in Autumn 2022.And what a good top up opportunity that was! The idea posted here that Vietnam market has done badly for 2 years is a bit odd too. I used the Autumn 2022 as a chance to top up Vietnam Holdings and Vietnam Opportunities. VNH is up from 230p then to 370p. Is that really lousy performance? Very recent Vietnam market is poor, reflecting recent events and those falls might not be over yet. But as soon as the falls show signs of reversing is far more likely to be a buy opportunity than a chance to escape. Finally don’t forget that at present Vietnam is classed as a “frontier&rdqu I’ve held both VOF and VNH for multiple years, except for selling temporarily in the covid market crash and both have been excellent performers, albeit with VNH way outperforming VOF. |
Posted at 26/3/2024 09:36 by dpmcq I suspect the seller may be the largest share holder who voted in favour of resolution 14.The board have laid out the reasons for not tendering - With Resolution 14 – that the Company should cease to continue as currently constituted – the Company’s second largest shareholder, representing approximately 23% of the votes cast at the AGM (11% of the total issued share capital), voted in favour. I had met representatives of the shareholder prior to the AGM who indicated that they wanted to see the Board introduce a performance conditional tender mechanism (“PCTM”) I presented arguments why the Board believes that a PCTM would not be in the Company’s or the other shareholders’ interests but the shareholder was not persuaded and voted against the Board’s recommendation. In accordance with the AIC Code, the Board has reflected further and its views on a PCTM are set out below. The principle underlying a PCTM is that if the performance of an investment company falls below a set level over a particular period, the Board will allow shareholders to tender a proportion of their shares at or close to NAV. In the case of VOF (and, indeed, the vast majority of other investment companies) the shares are likely to be trading at a wider discount than would be offered in the tender so, were this to happen, the tender would likely be fully subscribed. The reasons that the Board does not think that a PCTM is appropriate for VOF can be summarised as follows: • The most relevant benchmark which is available in Vietnam is the VN Index. This is not representative of all of the opportunities available for investment in Vietnam (for example 10 very large companies make up 42% of the VN Index). Given the concentration of large companies, the index can show volatility as a result of specific issues with one or more of its constituents. • VOF’s portfolio is made up of unquoted investments as well as quoted shares. Consequently, even if the VN Index was representative of all quoted companies in Vietnam, VOF’s performance would still differ by virtue of the unquoted elements whose performance would not correlate with the VN Index. As a result of these two factors, the Board does not generally benchmark the Investment Manager’s performance against the VN Index. |
Posted at 20/2/2024 09:40 by aleman Dividend yield nearly 2.7%. This is going to be an income stock soon!Whilst the discount is near a non-Covid record, it has actually been around this level 5 times before and quickly bounced back. There might be no need to overthink reasons why if it just repeats previous history, though I will not be dismissing suggestions offered if the discount does not close. Switching to an ETF at what could well be the bottom for the discount here does not appeal to me. |
Posted at 19/2/2024 12:24 by kenmitch VOF has been a fabulous investment. I’ve held it almost from the start except for temporarily selling during the 2008 banking crisis and the 2020 covid crash. Have a look at the long term chart. It has 9 bagged from the lows.The recent underperformance looks a great buy opportunity as VOF has way underperformed VNH and VEIL this year for no obvious reason. I posted why VOF looks a very tempting buy now on subscription site Stockopedia and to save time have copied part of it below. There is one error in it which a poster there pointed out. The discount has been even bigger than the current 24% in the distant past, when the attractions of investing in Vietnam were even less recognised by UK investors. When eventually UK investors DO wake up to the Vietnam opportunity (perhaps not until Vietnam gets official Emerging Markets status) it’s likely that VNH, VOF and VEIL will do very well and the present discounts could well go to premiums to put an additional rocket under their share prices. BUT right now it’s VOF that looks the one to go for. Here’s that extract arguing why:- “Why is VinaCapital Vietnam Opportunity Fund (LON:VOF) THE stunning buy now? 1. The main Vietnam index is up 11% so far this year. VinaCapital Vietnam Opportunity Fund (LON:VOF) NAV is also UP 29p since January 2nd from £5.55 then to £5.84p today. BUT despite that NAV gain the share price is DOWN from £4.55 on Jan 2nd to £4.42. AND the discount to NAV is now exceptionally wide at 24%!! So the share price fall this year is NOT because of poor performance. It’s mainly because the discount to NAV has widened even further. I can’t recall in years of holding VinaCapital Vietnam Opportunity Fund (LON:VOF) the discount to NAV being SO high! If VOF was an open ended fund investors would have to pay the full £5.84 NAV price. Instead they (you?) can buy it at a bargain discount price of “25% off” £4.42p. 2. In contrast the other 2 Vietnam Trust share prices have done much better this year and unlike VinaCapital Vietnam Opportunity Fund (LON:VOF) have gone UP since Jan 2nd. Vietnam Enterprise Investments (LON:VEIL) £5.87 now and up from £5.55 on Jan 2nd. NAV is up from £6.80 on Jan 2nd to £7.21 now. The discount is 18%. VietNam Holding (LON:VNH) £3.75p and well up from Jan 2nd £3.25p. NAV is £3.81p. The discount is now just 3% (much lower than normal) AND unlike the other 2 VNH looks fully valued for now. The share price gain since Jan 2nd is partly because the discount has narrowed so much. That’s is SHARP contrast to VinaCapital Vietnam Opportunity Fund (LON:VOF) where the share price fall is because the discount has widened to extreme levels. Hence VinaCapital Vietnam Opportunity Fund (LON:VOF) looking such a tempting buy now. Finally; it might not be too much longer before Vietnam becomes officially an Emerging Market. It’s presently categororised as a frontier market. That promotion if and when it comes could see Vietnam seeing much wider investment interest. AND the current discounts could go to premiums then. I.e there’s also a strong longer term case for investing in emerging Vietnam where more and more big Companies (like APPLE) are moving production to Vietnam, and that’s often from CHINA and TAIWAN. I hold both VinaCapital Vietnam Opportunity Fund (LON:VOF) and VietNam Holding (LON:VNH).” |
Posted at 18/1/2024 19:39 by riskvsreward vnh used to be on a higher discount compared to both veil and vof. It has then offered several tender offer at close to NAV which have since led to its rerating to much lower discount. I first bought VNH because it was offering a bigger discount but sold out on its first tender offer and then when its share price went above its tender offer price. I think now vof is better value as vnh is too small and the fee is relatively more expensive to run, unless its fund manager outperform significantly in their stock selection.Also to add when compare performance, one needs to account for the dividend payments by vof, but not by vnh and veil. This can add up on a longer time span, say 3 years,it can add up a difference of close to 10%. |
Posted at 18/9/2023 16:43 by kenmitch More nonsense unfortunately arja.Of course I know what is meant by dividend yield as any even half competent investor will know. Accusing someone of not knowing something when you can’t possibly know what they do or don’t know is unwise. The main focus of my investments for multiple years has been on big dividend paying shares and Investment Trusts. e.g I hold several in this very high dividend paying Investment Trust sector:- As for the modest VOF dividend; of course I realise the yield is low. I was just pointing out that it was the only one of the 3 Vietnam Trusts paying a dividend. EDIT. Unfortunately for anyone looking to follow up this post, the link above to the “commercial property UK”page has defaulted to the wrong page" . Just search for it via the AIC sectors heading or key in AEWU which is one of several I hold and that will bring up the aic link for all the their UK Commercial Property Trusts. There are some stunning bargains there on very big discounts and dividends up to 10% (AIRE eg). but beware RGL as their displayed 15.9% dividend yield has just been cut and aic haven’t adjusted it yet. |
Posted at 18/9/2023 11:13 by arja kenmitch ,It is you who is talking nonsense sport and you talk about PERCENTAGE dividends and do not probably even know what is meant by DIVIDEND YIELD . I suppose VOF has a yield of about 2.3% - wow ! Google it . I do not trade shares in investment trusts much and the few i used to follow paid no dividends . followed VOF and VEIL in recent weeks but I notice the VNI shows a possible mini double top. |
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