Re: Ouch! Quick research into holdings and the state of Latin American equities over the past three years explain the fundamental reason behind the under performance. If Latin America recovers MYI will too. Still nice yield as long as they hold/increase dividends.
MYI Not sure, but what I do know is that MYI has stuck firmly to a losing strategy for the past 2-3 years. The Board are useless and have done nothing to address Mr Stout's obvious failure. They deserve to be fired for dereliction of duty.
Re: Ouch! allthatglistens wrote "See my post 18th June. "Your comment in June was more of an observation relating to the general decline in MYI - rather than addressing my question - which was, what happened on Friday, that caused a high single day drop in the shareprice. Murray was the biggest faller in my portfolio.Cheers,
Re: Ouch! So what went wrong 2013 onwards, it was perfectly good until then!Bad choice last month on my part but it is worth to understand the real reason behind the underperformance.
Re: Ouch! See my post 18th June.
Ouch! Is there a specific reason that Murray is being hammered today - or is it just generic market sentiment?This used to be my single biggest holding - it's not now! Cheers,
Re: MYI I reckon it will pick up... particularly if they hold dividend, so I picked up some last week.
Re: MYI I took my eye off the ball and missed the opportunity to stop loss: must have messed up my alert setting.I am 20% down since April 2012 as of today, fortunately on a relatively small holding.
MYI Things seem to be happening at Aberdeen Asset Management - not before time. Maybe we can get rid of the complacent and ineffective Board of MYI.
Adding I am adding to my new holding of these. I think that they represent a reasonable long term purchase, with a good geographical spread..........
MYI Time fire the Chairman and the Board for dereliction of duty.
Directors It is about time the Directors of MYI looked after their shareholders interests, rather than Aberdeens. Paying £7m per annum for this continuing shambles is a dereliction of duty. Conflicts of interest abound.
Re: Topped up again Share price appreciation has indeed been miserable, plus 5% over 5 years. Dividends are substantial, which is part of the problem. But the biggest causes of problems are a) large exposure to emerging markets and b) sterling appreciation.I'm hoping that sterling doesn't get much stronger. I think that emerging market debt is now quite good value. Emerging market equities may have further to fall.
Re: Topped up again Keep buying! Performance has been lamentable these past 2-3 years, and all the Board do is to rehearse Stout's excuses. What do we pay the Board to do? You may have noticed that Aberdeen Asset Management, the managers, have seen a big outflow of money in the same time frame.
Topped up again Doubled up today at £9.02, seems like a sensible price....I'm hoping that the relentless appreciation of sterling will slow, although the declines in the Chinese market may have a long way to go....