Share Name Share Symbol Market Type Share ISIN Share Description
Vinacapital Vietnam Opportunity Fund Ld LSE:VOF London Ordinary Share GG00BYXVT888 ORD $0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -4.50 -0.97% 458.50 248,579 16:35:03
Bid Price Offer Price High Price Low Price Open Price
459.00 460.00 465.00 456.50 465.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -40.73 -22.60 848
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:23 O 1,294 459.089 GBX

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Date Time Title Posts
24/9/202115:18Vietnam Opportunity Fund1,654

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Vinacapital Vietnam Oppo... Daily Update: Vinacapital Vietnam Opportunity Fund Ld is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker VOF. The last closing price for Vinacapital Vietnam Oppo... was 463p.
Vinacapital Vietnam Opportunity Fund Ld has a 4 week average price of 449.50p and a 12 week average price of 437.50p.
The 1 year high share price is 489p while the 1 year low share price is currently 316p.
There are currently 184,958,542 shares in issue and the average daily traded volume is 372,862 shares. The market capitalisation of Vinacapital Vietnam Opportunity Fund Ld is £848,034,915.07.
hpcg: Companies are long duration assets and we've seen in developed markets that deep pocketed investors have looked through C19. On a macro level it looks like Vietnam is coping pretty well all things considered. NAV and share price are telling us that for now at least investors remain committed.
kenmitch: It might well have been Merry Somerset Webb who also persuaded me years ago. I also had great gains from 2 sets of Vietnam Holdings warrants. Unlike you I can’t remember the overall gains but one set of warrants alone multi bagged. And since then excellent share price performance from both VNH and VOF. I’ve never held VEIL. And though the easy gains have been had, there could well be a lot more to come. For starters that both VOF and VNH are on such large discounts when discounts elsewhere have narrowed a lot makes no sense at all for such excellent performing Trusts.
kenmitch: Disappointing performance????? It isn’t. 1 year share price gain is about 44% and similar to equally successful Vietnam Holdings Trust also on an extraordinary 19% discount to NAV. VOF is at a near 18% discount to NAV. It’s good value and such a large discount for such successful Trusts is remarkable. Obviously if a market suddenly tanks, so will the Investment Trusts investing there.
hydrogen economy: The lift up in NAV yesterday may be due to Hao Phat Group. Their dividend was paid on 31st May, 35% total, 20% as shares. VOF HPG holding is over 20% so that gave quite a lift. The very high dividend reflects a big rise in production whilst margins have risen a lot. They also made a significant acquisition of an Australian iron ore mine. Iron ore prices have been at record highs so unclear if that will be a good purchase. Vietnamese companies have in the past made some ill-advised overseas investments, hopefully this will not turn out the same. The HPG holding is very high as the share price has tripled in the last 12 months, I guess VOF will have limits on single holding so may offload some. https://www.miningweekly.com/article/vietnam-steel-maker-hoa-phat-acquires-australias-roper-valley-iron-ore-mine-2021-05-31
dpmcq: Whilst agreeing with the maths and explanations regarding the buy-backs, my own view is that the share price is also a reflection of the current supply/demand for the underling share and as such by doing a Buy-back the Trust are also becoming another purchaser in the market and this would help to tip the balance back toward the demand for the share and either stem the fall or help turn it positive and increase the current share price and so narrow the discount to NAV.
donald pond: Buy backs should in theory also reduce the discount by increasing demand for shares. But think it through with a real example. A company with 1,000 shares, a NAV of £1 per share and a share price of 90p. They buy back 100 shares for £90 and there are now 900 shares in issue but the NAV of the company has dropped from £1,000 to £910. So the NAV per share is, all else being equal, 101.1p. If the share price is still 90p, that should encourage discount hunters.
kenmitch: I would rather spare cash was used for good choice investments that do far more for NAV than buybacks. Trust Managers sometimes worry too much about their Trust being at a wide discount, instead of realising that its an attraction for potential new buyers. AND if, as is the case for VOF, performance is consistently good, and/or general sentiment towards Vietnam improves, there is often a narrowing of the discount and even a move to a premium anyway. Discounts are one of THE big attractions of Investment Trusts. We can sometimes buy them for far less than they are worth. And if performance is good there’s often the double plus of a riding share price being given an extra boost with a narrowing of the discount at the same time. Look at Black Rock World Mining (and other Mining Trusts like BERI and CYN) as examples. As investor sentiment on mining sector turned very bullish the discounts even went to a premium AND the share prices have sometimes tripled in a few months. So imo best to let the NAV to look after itself and not waste valuable cash trying to reduce it artificially via buybacks.
dpmcq: From a recent Shares Magazine Article - WHILE THE DISCOUNT on the VinaCapital Vietnam Opportunity Fund (VOF) has narrowed in from a 17.7% 12-month average to 11.1%, we see scope for strong risk-adjusted returns from its differentiated mix of listed and private investments in Vietnam. The only one of its Vietnam trust peers to pay a dividend, an ongoing share buyback programme and continued strong performance should drive a further narrowing of the discount. Vietnam’s strong response to the pandemic has limited the human impact on a country with comparative advantages including a young, well educated population and relatively low labour costs. Vietnam turned out to be rare oasis of GDP growth in the economic desert of 2020 and according to the VOF team, is set fair to be the next ‘Asian tiger’. VOF’s listed holdings include steelmaker Hoa Phat, Airports Corporation of Vietnam and food and beverage business Vinamilk, while VOF is also the country’s largest private hospital investor. VOF has generated five and 10-year annualised net asset value (NAV) returns of 17.5% and 13.1% according to Morningstar.
kallistos: VinaCapital Vietnam Opportunity Fd. 21 December 2020 London, UK, 21 December 2020 Edison issues review on VinaCapital Vietnam Opportunity Fund (VOF) VinaCapital Vietnam Opportunity Fund (VOF) has benefited from its differentiated mix of listed and private investments during a volatile year for global stock markets. The authorities' strong response to the COVID-19 pandemic has meant the human impact on Vietnam has been limited, and the main stock market index is up 11.3% year-to-date (to 16 December) as foreign investors have begun to return. However, VOF's NAV total return is up 21.3% over the same period (all in GBP), thanks to the greater stability of its private equity portfolio as well as positive performance from listed holdings, including its largest position in steelmaker Hoa Phat Group, which is benefiting from government stimulus focused on infrastructure spending. The VOF team says that Vietnam - a rare oasis of GDP growth in the economic desert of 2020 - is set fair to be the next 'Asian tiger'. A bounce in VOF's share price following positive COVID-19 vaccine news in early November has seen its discount to NAV tighten to a 10-year low of 10.2%. However, there is potential for it to narrow further if investor optimism is maintained.
shaker44: Lucky to have an expert on so many things-- including the VOF share price - warning us all when the share price was far lower. I for one will ignore
Vinacapital Vietnam Oppo... share price data is direct from the London Stock Exchange
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