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VOF Vinacapital Vietnam Opportunity Fund Ld

462.00
1.00 (0.22%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.22% 462.00 459.50 461.50 465.00 458.00 465.00 282,266 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust -10.43M -15.02M -0.0975 -47.23 709.64M

VinaCapital Vietnam Opp. Fund Ltd Edison issues review on VinaCapital Vietnam Opp. F

05/12/2018 10:21am

RNS Non-Regulatory


TIDMVOF

VinaCapital Vietnam Opp. Fund Ltd

05 December 2018

London, UK, 5 December 2018

Edison issues review on VinaCapital Vietnam Opportunity Fund (VOF)

VinaCapital Vietnam Opportunity Fund (VOF) is a large, well-established Vietnam specialist investment fund, differentiated by its focus on private deal sourcing. NAV total returns have been particularly strong over the last three years, and are ahead of VN Index and peer returns over the last 12 months, when markets have been volatile. VOF's share price discount to NAV has narrowed, but it remains wider than the peer group average. The board has taken steps to address the discount, moving VOF's listing to the LSE's Main Market in 2016, starting a dividend programme in 2017, and agreeing a reduced management and incentive fee structure in 2018. The board recommends that shareholders vote against discontinuation at the forthcoming AGM, highlighting the promising outlook suggested by market fundamentals, as well as the manager's strong track record.

After briefly widening to 25.6% in October 2018, VOF's share price discount to NAV has narrowed to 13.7%, which is lower than its 18.9%, 20.6% and 21.5% averages over one, three and five years, respectively. VOF started paying regular dividends in 2017, and its 2.4% yield is the highest in the peer group.

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

December 05, 2018 05:21 ET (10:21 GMT)

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