Share Name Share Symbol Market Type Share ISIN Share Description
Vinacapital Vietnam Opportunties LSE:VOF London Ordinary Share GG00BYXVT888 ORD $0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.34% 297.00p 296.50p 297.00p 297.75p 295.75p 295.75p 66,113 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 72.3 33.9 9.0 602.16

Vinacapital Vietnam Opportunties Share Discussion Threads

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Good news today. VOF has gone ex-div today on its first interim dividend of 4.8 us cents, which = about 3.7250p VOF is now going to pay dividends twice a year, all the news is in the RNS above.
solid investment in infrastructure. VOF becomes a major shareholder in Tasco, a leading toll road operator and real estate developer in Vietnam Ho Chi Minh City, 4 August 2017 -VinaCapital Vietnam Opportunity Fund (VOF), (LSE: VOF), the flagship fund of VinaCapital, announces that it has become a significant investor in Tasco JSC (HNX: HUT), a leading toll road operator and real estate development company in northern Vietnam, via a private placement. Tasco's private placement raised USD23 million by issuing 21% of post-investment common shares to several investors including company management, with the largest acquirer being VOF, which invested USD11 million. Tasco will use proceeds of the private placement to help finance future infrastructure and real estate projects. Andy Ho, Chief Investment Officer of VinaCapital and Managing Director of VOF, said, "The private placement gave us the opportunity to acquire a meaningful stake at an attractive price in a company that has a long track record of results and a strong pipeline. This investment is consistent with our philosophy of investing in companies that are focused on the growth of the local economy, and infrastructure improvement is a critical element in Vietnam's ongoing development."
walter walcarpets
Even nicer volume on a new high...
Nice share buyback...
Very well managed trust. April 10, 2017 VinaCapital Vietnam Opportunity Fund Limited ("the Company" or "VOF") Divestment of stake in the Dai Phuc Lotus direct real estate project Ho Chi Minh City - VinaCapital Vietnam Opportunity Fund Limited, a London Stock Exchange Main Market traded investment company established to target key growth segments in Vietnam, announces that it has divested its entire stake in the Dai Phuc Lotus direct real estate project located in the Dong Nai province near Ho Chi Minh City, Vietnam. The site is a future residential - township development with a total site area of 198.5ha and was acquired with VinaLand Limited ("VNL") in 2007. The project is currently undergoing its first phase in construction and sales. VOF, alongside VNL, disposed of its entire stake in the Dai Phuoc Lotus project to CFLD companies at a total valuation of 20.4% above the 31 March 2017 unaudited net asset value. This transaction will result in net cash proceeds of USD16.5 million to the Company. The proceeds have been fully received at the time of this announcement. As a result of the sale, VOF's holding in direct real estate development projects has been reduced to 5.2% of total NAV as of 31 March 2017. VOF Managing Director Andy Ho commented, "With the closure of this divestment, VOF's exposure to direct real estate falls to approximately 5% of total NAV. This is a significant milestone in the Company's ongoing strategy to reduce direct real estate holdings, and enables VOF to remain opportunistic in areas of the market where we see significant upside, namely privately negotiated deals and OTC investments."
walter walcarpets
a nice 70,000 buy today at 293p value of £205,000 - there's confidence for you
Everything seems to be going well...
VinaCapital Vietnam Opportunity Fund (VOF:LN) (5.1% of current portfolio): Share Price: GBP 271p Market Cap: GBP 560 Million (USD 705 Million) Everything aligned for VOF in 2016 to deliver a blistering +70% return (in sterling terms): Its substantial capital markets (i.e. non/un-listed) portfolio allocation was a primary driver of a return that was nearly double that of the VN-Index, its NAV discount closed significantly, plus it enjoyed a dramatic boost from sterling’s post-Brexit depreciation (VOF shares are now listed in GBP). The portfolio out-performance is particularly gratifying, as I’d previously highlighted VOF’s more diversified portfolio as a better long-term bet (vs. its peer closed-end funds/ETFs, which focus on listed equities), in what’s still obviously a frontier market. [See blog comments here, for a comparison with the VanEck Vectors Vietnam ETF (VNM:US)…which, extraordinarily, managed to lose money for its shareholders last year!?] The underlying VN-Index return is also a reminder there has been little sign of over-heating in the market, which leads me to believe there’s plenty more gas in the tank here. 2017 GDP growth’s expected to surpass the current 6.2% rate, retail sales are humming along at +10.2% yoy, inflation remains sub-5%, the USD/VND remains stable, the banks & the property market appear to be heading in the right direction again, and 10-15% EPS growth is expected…yet Vietnam continues to trade at a 20-30% P/E discount to regional averages. As for VOF itself, it trades on a 0.81 Price/Book multiple, despite an aggressive & ongoing share buyback programme – I see plenty of gains ahead in terms of NAV growth & discount compression, as Vietnam continues to leverage & benefit from its labour/cost export advantage, and (just as importantly) its burgeoning domestic consumer economy. For this & other top picks, check/Google my latest 'Top Trumps For 2017...' post on the Wexboy investment blog.
Chunky share buy back there...
£3.40 a share NAV, seems to be moving in the right direction...
I'm in. Moved some of my NAIT profits...
I just bought in here. Only 1.25% of the wad.
just bought in here. Another rec from moneyweek and this below. hTTp://
walter walcarpets
hxxp:// Needs registration.
Looks like quite a large discount to NAV still here. Reported value on 9th August was for 292p. Share price still around 220-230. Took an initial position here over past week as discount seems unjustified for such a fast growing economy.
Slowly, slowly getting noticed. Getting into the Small Cap Index at the start of this month will certainly help.
Moving to the main market seems to have served VOF well so far!
Thanks for clearing up my misunderstanding!I'll be buying in shortly.Went to Hanoi in 2008 and was impressed with what I saw, only taken me 8 years to get around to following up with an investment..!
lionheart - ??? - you haven't missed the discount and we don't get any different shares. All that has effectively happened is that the quote used to be in US$ @ 2.51; but is now in £GBP @ the equivalent price of 175p. The fact that it is now listed on the Main Market will make it accessible to institutional investors; so expect that discount to close in, ergo share price to rise...
Are those already holding automatically getting new shares in the new listing? I had been meaning to buy in but didn't get round to it yet. I guess I'll have to wait till next week now, too bad I missed the discount.
Hopefully I have bought a few more this morning. It looks good to me , but they all do when I buy them.... Investment is always something of a stab in the dark but it is at a deep discount , they seem to know what they are doing .... and EM in general is at a low ebb and its going onto the main market which is deemed to be a positive,so there should be some value here, time will tell. R2
This move is likely to contribute to a closing of the discount, which currently stands at a rather unkind 23%: ============================== 21 March 2016 VinaCapital Vietnam Opportunity Fund Limited (the "Company" or "VOF") Cancellation of shares from trading on AIM - Update VinaCapital Vietnam Opportunity Fund Limited (the "Company") announces that, further to the announcement dated 1 February 2016 concerning the cancellation of its shares from trading on AIM and the admission of its shares to the Premium segment of the Official List and to trading on the London Stock Exchange's main market for listed securities (the "Main Market"), the Company continues to progress the necessary regulatory processes. The Company expects to complete the cancellation of its shares from trading on AIM by 30 March 2016. An indicative timetable of the principle events is presented below. 22 March 2016 Company registration as a Guernsey company completed 23 March 2016 Admission of shares to trading on AIM under new domicile and new ISIN 23 March 2016 Prospectus published 29 March 2016 Last day of dealings of Ordinary Shares on AIM 30 March 2016 Company's shares cancelled from trading on AIM and admitted to the Premium segment of the Official List and trading on the Main Market
David Stevenson made a good case for VOF (not for the first time) in the 31st July issue of MoneyWeek - a full-page article. He rates fund manager Greg Fisher, who has a 31% exposure to Vietnam in his Asian Prosperity Fund.
Interesting snippet from Marc Faber yesterday: Famously bearish investor Marc Faber says he wouldn't touch Chinese stocks even after their precipitous decline, instead pushing the investment case for Vietnam equities, Hong Kong-listed Macau gaming stocks and gold mining shares. "I am a buyer when markets are undervalued and attractive and then I get out relatively early. So we were buyers a year ago in June/July of 2014," Faber, the author of the "Gloom, Boom and Doom Report", said, referring to Chinese equities. "Now, I don't think that Chinese stocks are attractive and I would just stand aside." Chinese equities have taken a severe beating in the recent weeks as panic selling gripped the market, but stability appears to have returned after a series of series of government measures to shore up investor confidence. The benchmark Shanghai Composite is down 24 percent from its June 12 peak, but up 21 percent on a year-to-date basis. Faber contends that growth in world's second largest economy has "slowed down to trickle", adding that 6-7 percent growth is a "pipe dream." China, which has set its own growth target at about 7 percent for 2015, is due to publish its latest gross domestic product (GDP) report on Wednesday . The release is expected to show growth dipped below 7 percent in the second quarter, following 7 percent expansion in the first quarter of 2015 - the weakest showing since the global financial crisis. "We just heard from the Australian treasurer that growth this year in China will be 6.75 percent. It's a pipe dream that will never materialize. Maybe that will be published by the government but the reality is that Chinese growth has slowed down to trickle," he said. Rather than betting on Chinese A-shares, Faber makes the case for equity investments elsewhere in the region, including Vietnam stocks, which are up 16 percent this year. Vietnam is the one country that "stands out in Asia", with its strong economic performance and reasonably priced stocks, he said. "In Vietnam you could have a similar situation as in China a year ago, where stocks went up very substantially."
Tipped by The Price Report today, part of Moneyweek.
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