Weiss Korea Opportunity Dividends - WKOF

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Stock Name	Stock Symbol	Market	Stock Type	Stock ISIN	Stock Description
Weiss Korea Opportunity Fund Ltd.	WKOF	London	Ordinary Share	GG00B933LL68	ORD NPV

	Price Change	Price Change %	Stock Price	Last Trade
	-5.00	-1.95%	252.00	16:35:06

Open Price	Low Price	High Price	Close Price	Previous Close
255.00	253.00	257.00	252.00	257.00

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Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Weiss Korea Opportunity WKOF Dividends History

Announcement Date	Type	Currency	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
13/05/2020	Interim	GBX	3.95	31/12/2018	31/12/2019	21/05/2020	22/05/2020	12/06/2020	3.95
01/05/2019	Interim	GBX	4.12	31/12/2017	31/12/2018	09/05/2019	10/05/2019	31/05/2019	4.12
07/06/2018	Interim	GBX	3.42	31/12/2016	31/12/2017	21/06/2018	22/06/2018	13/07/2018	3.42
04/05/2017	Interim	GBX	3.32	31/12/2015	31/12/2016	11/05/2017	12/05/2017	02/06/2017	3.32
02/06/2016	Final	GBX	2.24	31/12/2014	31/12/2015	09/06/2016	10/06/2016	28/06/2016	2.24
04/06/2015	Final	GBX	1.85	31/12/2013	31/12/2014	11/06/2015	12/06/2015	26/06/2015	1.85
05/06/2014	Final	GBX	1.44	31/12/2012	31/12/2013	11/06/2014	13/06/2014	27/06/2014	1.44

Top Dividend Posts

Date	Subject
11/6/2020 09:02	davebowler: WKOF NAV/Share 68.8% since inception versus- MSCI South Korea Index 32.3% Read Full Thread Follow Reply
18/2/2019 12:05	davebowler: hTTp://www.weisskoreaopportunityfund.com/documents/FG/weiss/announcements/592708_WKOF_Monthly_Fact_Sheet_2019-01-31.pdf Extract from latest monthly fact sheet ; Weighted Average Discount of Preferred Shares Held⁴ 43.1% ! Average Trailing 12-Month P/E Ratio of Preferred Shares Held⁶ 4.6x ! Plus the WKOF shares themselves are at a slight discount to NAV at the moment. Read Full Thread Follow Reply
29/11/2018 11:51	davebowler: The biggest holding in WKOF is this- hTTps://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/US7960508882ZZUSDIOBE.html Read Full Thread Follow Reply
16/11/2015 19:58	loganair: Korea In his presentation Lister highlighted a few of his favourite funds, such as Weiss Korea Opportunity (WKOF), an AIM-listed, Guernsey-based investment company which invests in 'preferred' shares issued by South Korean companies. Although these shares come without voting rights and are hard to trade, they stand at big discounts to their underlying value and offer high yields. With corporate governance in the country slowly improving, Lister argued investors were being paid to wait. As a sign of their potential he described how Samsung's launch of a $10 billion buy-back programme had sent its preferred shares soaring 18%, compared to the 6% rally in its ordinary shares. Advance owns 13% of Weiss Korea, which Lister said was a distinguishing feature of its fund. 'It's not something you'll see in other emerging market funds,' he said. Read Full Thread Follow Reply
17/9/2014 13:22	davebowler: Westhouse; Weiss Korea (WKOF.L, -5.6%, Buy) – Another Asian fund, this time with a specialist focus, but in this case one that is trading on its widest 12-month discount and its widest discount since launch. The main difference has been the comparative strength and resilience of the WKOF NAV over recent months relative to some of its more generalist peers where discounts have now narrowed. Read Full Thread Follow Reply
05/9/2014 09:47	davebowler: Westhouse; Weiss Korea Opportunity Fund (WKOF.L, discount to NAV 4.5%, Buy) has released its interim results for the six months to end-June 2014. These provided shareholders with a strong absolute return of 23.2%. The fund also significantly outperformed its index, the MSCI Korea 25/50 Capped Index (which rose by just 0.75% in Sterling terms), though WKOF’s specialised remit and resultant marked differentiation from this index make comparisons somewhat irrelevant. Despite such a robust performance over the last yea r, we have seen the company’s rating drift from an often elevated premium to a no table discount. It is therefore pleasing that yesterday’s results provide a reinfor cement from the Board of its willingness and desire to minimise the discount thr ough an active share buy-back policy. However, given the strength in performance and the relatively low correlation of the WKOF NAV with other asset classes, it is somewhat s urprising that demand has not been sufficient to maintain a stronger rating than has been the case. The board has stated that it has granted its broker authority to buy back shares during close periods, when it is unable to issue instructions on buy-back s. It has also restated that it has the authority to repurchase up to 40% of the shares of the company. Perhaps one point of concern for investors is the s uccess rate of the fund to date and the degree of narrowing of the discount of Korean p referred shares to their ordinary counterparts that has already occurred. The latter is partly reflected in the results statement, with the average weighted discount of WK OF’s preferred share portfolio has narrowed from 49.5% at end-December 2013, to 39.8% on 30 June 2014. Nonetheless, the absolute level of discount remains high. Furthe rmore, prospects for enhanced legislative reform in Korea (particularly in relati on to elevated dividend payments by companies), if these were to occur, could provide f urther support to recent discount compression trends if they were to be implemented. So the risk to investors is that the narrowing on p referred share pricing seen thus far peters out or is reversed. This could then merely elevate risks associated with a single country fund, many of which in the emerging market space continue to attract double-digit discounts. However, it is also worth recognising that many Asi a ex-Japan funds have a Korean weighting in excess of 20%. And we would argue that by utilis ing a fund such as WKOF at its current level of discount (both headline and see through), provides investors with a positive point of complementary exposure to other funds. Some investors may also be deterred by the evident concentration risk within the portfolio. At end-June this included a weighty 12.37% of the f und exposed to the Samsung Electronics Preferred Share and just over 26% in multiple share types of the Hyundai Motor Company. However, while recognising this risk, we believe th at the active management of the portfolio, the reduced correlation with other asset classes an d prospects for further discount compression at the portfolio level warrant inclusio n of WKOF in a diversified pool of funds. Buy Read Full Thread Follow Reply
31/7/2014 10:47	davebowler: http://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=WKOF&name=&type=1&sprd=0&size=2&period=4&freq=1&date1_day=27&date1_month=10&date1_year=1986&date2_day=31&date2_month=07&date2_year=2014&ind_type1=0&ind1_1=&ind2_1=&ind_type2=0&ind1_2=&ind2_2=&ind_type3=0&ind1_3=&ind2_3=&o_epic1=ikor&o_type1=1&o_colour1=1&olx_1=1 Read Full Thread Follow Reply
12/2/2014 15:11	praipus: Yep you? From the NAV statement "Dividends: As noted in the Admission Document, dividends from Korean preferred shares are not accounted for or accrued in the NAV until the amount of each dividend is received. As a result of the foregoing, the NAV published above may not reflect all income contractually due to the Company as at the stated NAV date. The Company notes that there are dividends receivable by the Company as at the stated NAV date but such dividends have not yet been received so they are not yet included in NAV. The Company currently has estimates for only a portion of such dividends receivable; such estimated portion would add an additional 1.35 pence per share. Please refer to the Admission Document for more information regarding the announcement and payment of Korean dividends. " Read Full Thread Follow Reply
24/5/2013 13:22	davebowler: Worth re-stating; Midas Investment Management research; Weiss have a proven track record, with average annualised net returns of 16.5 per cent since inception in 1991. They specialise in deep value and invest globally in discounted assets, working to exit these assets at narrower discounts. They believe one of the most attractive and mispriced investment opportunities in the world right now is the Korean Preference Share market. Preference shares in Korea are currently trading at an average 65 per cent discount to their ordinary counterpart, with the main difference being they are non-voting (voting - in any event offers little advantage in Korea). The fund will have no performance fee and will offer a full exit at Formula Asset Value ("FAV") after 4 years and every 2 years thereafter. There will be a 40 per cent annual share buyback in place from the beginning to avoid a discount. At Midas, we like Korea and analysts believe that they may be the next country to embark on a round of Quantitative Easing ("QE"). Market watchers will have seen the gains in the stock markets of countries undertaking QE plus Korea is one of the cheapest valuation developed markets. Midas called the Thailand and Indonesia's markets well and now we believe Korea is the market of opportunity in Asia. The fund also has an implied forecast dividend yield of between 2 and 3 per cent. Read Full Thread Follow Reply
15/5/2013 12:28	davebowler: Midas Investment Management research; Weiss have a proven track record, with average annualised net returns of 16.5 per cent since inception in 1991. They specialise in deep value and invest globally in discounted assets, working to exit these assets at narrower discounts. They believe one of the most attractive and mispriced investment opportunities in the world right now is the Korean Preference Share market. Preference shares in Korea are currently trading at an average 65 per cent discount to their ordinary counterpart, with the main difference being they are non-voting (voting - in any event offers little advantage in Korea). The fund will have no performance fee and will offer a full exit at Formula Asset Value ("FAV") after 4 years and every 2 years thereafter. There will be a 40 per cent annual share buyback in place from the beginning to avoid a discount. At Midas, we like Korea and analysts believe that they may be the next country to embark on a round of Quantitative Easing ("QE"). Market watchers will have seen the gains in the stock markets of countries undertaking QE plus Korea is one of the cheapest valuation developed markets. Midas called the Thailand and Indonesia's markets well and now we believe Korea is the market of opportunity in Asia. The fund also has an implied forecast dividend yield of between 2 and 3 per cent. Read Full Thread Follow Reply

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