Vinacapital Vietnam Oppo... Share Discussion Threads

[dpmcq] 27/5/2021 15:55

Andyj,
Why are you so bothered about things here, you have no position?
No one appears to be ramping on this thread. All opinions are surely welcome but we all have to make our own minds up in the end on what to do here.
If you have missed the boat at much lower levels..so what ..not he end of the world don't be bitter and just get over it. Infantile name calling only reflects lack of intellect.
If you are so certain of yourself, have the balls, press the button and short the shares and make a fortune.
If it rises over the medium term the longs will benefit and that's the view I have taken, but quite prepared to read all the meaning full views on the thread and research anything of interest.

[andyj] 27/5/2021 15:20

As the train hurtles towards the edge of the cliff, the numpties giggle and wiggle their thumbs. Not one person in Vietnam is remotely interested in seven day averages or yesterday's statistics.

[kenmitch] 27/5/2021 15:02

The 26th May Vietnam covid statistics were 155 new cases, 7 day average 195. Deaths 1.

What’s been remarkable is how even in India where for a while coronavirus was out of control, the markets have held up or gone up. So even worsening statistics in Vietnam seem unlikely to cause their market to crash.

Also investing via pooled investments like VOF removes single Company risk anyway.

Since andyj lives in Vietnam and, he says, very near to VOF office I suggested a while ago that he put his bear points to the Managers. He did not respond to that suggestion.

Living in a Country does not give us much, if any, investment advantage. There are plenty who live in the UK without the foggiest idea how to invest here successfully! Just look at some of the worst threads on ADVFN (e.g the ones with hundreds of rubbish posts every day)for evidence on that! And the same applies in Vietnam.

[dpmcq] 27/5/2021 13:49

must be another 5 cases reported

[arja] 27/5/2021 12:28

exotic,
with respect I am aware of that as it is mentioned prominently on every CFD provider site . If I lost money I would quickly stop or change tactics but I make money on balance every year and sometimes heaps of money using CFDs and occasionally a spreadbet. it is by holding a share that one can lose everything because, with a margin play , it is mentally easier to quickly cut loss if one gets it wrong . Also, quite often paying SD would turn a nice day trade profit into a loss which is why I would only use a share account to buy if NO stamp duty .
If not exercising discipline or sticking to the rules m you can lose money with a CFD or a share account . No difference. But many ways of making money and each to his own as they say ( smile ) .
No idea what andyj is talking about !!

[kenmitch] 27/5/2021 10:30

What’s happening tomorrow then? Not much point posting, without saying what the supposed bad news is.

[andyj] 27/5/2021 10:10

Time to short. You will see why tomorrow.

[arja] 27/5/2021 09:54

is VEIL in same category do you know ?

[exotic] 27/5/2021 09:54

arja, don't forget 70-80% of CFD clients lose money. I think we've discussed this before.

Use a proper broker like Hargreaves Lansdown etc so you don't lose everything on a minor market blip.

If you're UK domiciled, you can buy these in an ISA so there'll be no tax to pay on profits.

[arja] 27/5/2021 09:53

I meant I was checking as to why they told me I must pay SD and was not doubting what you said . Have just heard from them and first chap I spoke to was wrong and such
fools should not be giving out false info ! thanks again .

[hpcg] 27/5/2021 09:44

I don't understand why you are checking when the answer is mechanical? It isn't a UK (0.5%) or Ireland (1%) based company so there is no stamp duty. Without stating the obvious I haven't paid stamp duty in any of the accounts in which I hold VOF.

[arja] 27/5/2021 09:09

rang again and one chap is checking on it as he does not know !

[arja] 27/5/2021 09:04

thanks for info HPCG and also IG do not allow me to open a position on my CFD account . However I could buy on my recently opened share account but am told by them that SD will be payable ! Maybe they pocket it ( smile ) ? am ringing them again on it

[hpcg] 27/5/2021 08:47

VOF is domiciled in Guernsey so there is no stamp duty to buy the shares even though is has a premium main market listing. VOF was one of the many instruments IG withdrew coverage of on their spread betting book.

[arja] 27/5/2021 08:31

I just rang IG Exotic and they told me I do pay Stamp duty on VOF shares which leaves me puzzled ( smile ) . He was no expert though and wonder if he is wrong

[arja] 27/5/2021 08:21

thanks exotic and that is very interesting . I have no commission on share purchases for next 6 months which is handy . Any idea why there is NO SD payable or is not registered in UK ?

[exotic] 26/5/2021 13:13

arja, I can confirm from all my VOF purchases including one this week, there is no stamp duty payable on VOF shares.

[arja] 26/5/2021 09:08

amt ,
can you please tell me if stamp duty is payable when buying shares in this Trust ?
IG will not allow me to open a long position in VOF or VEIL on my CFD account dam them !they must think it is going higher which is likely as Vietnam indices go to all time highs . ( smile )

[amt] 26/5/2021 05:23

Yes the number of cases in Vietnam is still very low compared to UK even though UK is condidered to be low.
Lets hope they contain it.
As we have seen though the link between stock market performance and Covid is counter intuitive. Markets go up as Coronovirus gets worse, up to a point anyway.
With EPS growth of about 40% expected this year Vietnam looks very undervalued to me.

[ceaserxzy] 25/5/2021 19:56

One needs to put the pandemic case in perspective, although for sure any increase in in covid case and the death from covid case is not a good thing. But bear in mind that Vietnam with roughly the population the same size as UK,it has only cases in hundreds, while even now with a lot of vaccinations, the daily case number in UK is still over 2K. Not to mention that India stock market has totally shaken off the worst covid cases around the world. It is the big picture and long term prospect that should be in focus.

[exotic] 25/5/2021 18:51

I've been watching the Covid stats like a hawk, new cases are exploding several times more than any other period of the pandemic, and unlike the February wave deaths are sadly happening again.

However, we can all see the Vietnam stock market shrugs all this off and continues its upward trend. NAVs continue to rise. So it's a bit disappointing VOF couldn't hold onto gains today since VEIL and VNH are quietly up 1.5% and 3.9% respectively.

VOF lows are rising; it's only a matter of time before 460p becomes the new floor.

[dickbush] 25/5/2021 18:38

Yep. 444 today.

[andyj] 25/5/2021 10:24

You can add another 300 to that...