Ripley94
07 Nov 2018
NEW ARTICLE: Where I am investing my son's Junior ISA ASS… XXXX Around 950 on 13th October might of been bottom ? But not adding new ones. 980 now ( + 3% )
Ripley94
13 Oct 2018
NEW ARTICLE: Where I am investing my son's Junior ISA AAS… XXXX One i am thinking about Geof mentioned high charges ?
II Editor
16 Feb 2018
NEW ARTICLE: Where I am investing my son's Junior ISA "Just over four years ago I decided it was time for some 'skin in the game' and opened my first stocks and shares ISA account. This year, however, I am feeling the pressure, as I am setting up my son's first ever Junior ISA and investing on his ..."[link]
sansione
08 Jan 2018
Horrible Year Another horrendous performance for the last 12 months. There are really only two ITs in the Far East, ex Japan sector. This one and Scottish Oriental. Over the 12 months to 31 December AASCIT`s NAV is up 6.5% and SOIT is up 13.7%. Relative share price performance even worse.
sansione
01 Dec 2017
Re: Corporate Governance Where are the institutional shareholders who claim to be concerned with corporate governance when you need them? Second rate performance and a continuance of well above average discount to asset value. Small shareholders stuffed again!! The cosy little club has voted itself in for another year`s head in the trough!! Unbelievable!!
sansione
05 Nov 2017
Corporate Governance Just read the Annual Report for the year to 31 July. This used to be a high flyer in terms of performance and sold on a premium to asset value. However, over recent years it has seriously fallen from grace. Asset performance has been poor and this is reflected in the shares selling on a substantial discount to asset value.As for corporate governance it is, frankly, a disgrace and should be brought to the attention of the FCA.Out of the six directors, only two can be classed as " independent" in that they have been directors for less than 9 years. Of the other four, the Chairman ( who, incidentally does not hold a single share in the company ) has been there for 22 YEARS!!, Gilbert, who, as an employee of the management company, should never have been a director in the first place, has also been on the board for 22 YEARS!! Fukuda has been there for 14 YEARS and Maude for 10 YEARS!! This is obviously a cosy little club which seems to be totally happy with the second rate performance, both in absolute terms and relative to indices and peer group, of recent years and are happy to pocket their very generous ( for an investment trust ) directors` fees. Time for a clearout!!
sansione
27 Jun 2016
NAV NAV rose 7% on Black Friday. Seems to justify a much higher share price than current one.For a stock that sold on a premium not THAT long ago the current discount does not seem justified.
sansione
22 Mar 2016
worst over? Hope I am not tempting fate, but, it looks as if the worst could be over for Far East emerging markets and currencies. If this is so we should see a gradual move in the discount back towards asset value. Judging by the level of buybacks over the past few weeks, the id*iots who sell low and buy high are currently active and once they are out of the way the share price should improve.
sansione
26 Feb 2016
Much Improved Much improved NAV performance recently certainly does not merit a 15% discount!Time for a re-rating.
sansione
13 Nov 2015
Annual Report Just got my copy. Another very poor year in terms of performance of NAV both against the appropriate indices and more importantly against the company`s peer group. 15 out of 15 for one year and three years! The massive rise in the discount reflects the market`s loss of confidence in the management team ( as well as a dislike of Far East emerging markets to be fair ) They are having to buy in stock on an almost daily basis. Time for the largest board in the Investment Trust sector to be asking questions of the sclerotic management style and the fee level. £4.3 million management fee for sitting on your hands hoping things will get better seems a bit steep. Looks like the chairman is going for a world record in tenure. Independent??
sansione
31 Oct 2015
Annual Report Seems to be a bit of a delay in publication of the Annual Report compared to last year`s timing.After another dreadful year of NAV performance and moreso, share price, maybe they are hoping to sneak it out on a " bad news day". Looking at Trustnet this morning I see that they are 15th out of 15 comparable ITs over one and three years which for a trust with such a great history of performance must ask questions of what has changed. As I have pointed out before, one thing that hasn`t changed is the Chairman ( for 20 years ) and the Aberdeen Chief Executive (a board member for 20 years ). Corporate Governance? Also questions must be asked about the 1.2% fee, very much at the top end for an investment trust and certainly not worth it for three years of terrible performance. Surprising that they have not come under pressure from their institutional shareholders both on the corporate governance front and the fee.Time for a serious overhaul!!
sansione
07 Oct 2015
Things turning? I wonder if we have perhaps seen the bottom for the smaller Far East markets. Sharp rises in the Rupiah and Ringit etc. , admittedly on the back of a rising oil price, could be another indication that the worst is over. Hope springs eternal!!!
Richygm
20 Aug 2015
Re: Declining badly now. I plan to hold too. I have about 2% of my portfolio in this, and plan to sit tight: unless the Far East, which, these days, is, I suppose, mainly China, looks to be heading for disaster. I don't think this will happen: indeed, I think the future looks bright, although I have no idea how long it will be before things start looking up.I've suffered big falls too, in Schroder Oriental Income, in which I have about 6%. They now yield about 4.5%, and are worth holding too, in my view, unless they have to start cutting distributions which, as in the case of individual shares, will be very bad news indeed. All in all, recent slides are disappointing from my point of view, but not a major problem considering my reasonable exposure.
sansione
20 Aug 2015
Re: Declining badly now. Yes. Sold a lot around £10 and looking to buy some back when things turn.
Richygm
20 Aug 2015
Re: Declining badly now. Okay. So, what are you going to do? Sit tight?
