Dingledangle
03 Oct 2017
Re: Looong time Yes a dividend of around 2% p.a. I think, was announced a few weeks ago. They want the gap between share price and fund value to close. Nav as reported toady is 366p, so potentially another 70p gain here.
casabanker
03 Oct 2017
Re: Looong time Yes I picked up some VOF after the recommendation made in Money Week and it has not disappointed. Surprise, surprise when I saw the dividend this morning. Investing here has been one of my better decisions.Casa.
kolwezimudele
14 Feb 2017
Looong time I too intend to hold. Good timing in investment is everything - unfortunately mine was terrible (or overly -optimistic when I invested back in 2006, depending on how you look at it). I have always been impressed with Vietnamese work ethics and capabilities - even if they can be rather difficult to work with at times. The comments on Cambodia come after living here (twice) over a 6 year period, opening a (by-now large) international firm and being driven insane by incessant corruption, the huge number of disruptive public holidays (over approx 40 a year - in addition to 'regular' leave....) and the general attitude shown to hard work (or its lack thereof). The ever-continuing donor community in Cambodia and its negative effects has a lot to answer for.
Dingledangle
14 Feb 2017
Re: Looong time Have been a holder for several years and up over 100%. Continuing share buy backs are helping the share price although no dividends here. This fund has been pushed by Money Week for some time and I think offers a good opportunity in an underdeveloped country with a well educated and young workforce. I am continuing to hold.
leftback
13 Feb 2017
Re: Looong time Have held VOF since April 2016. I have history working in Asia since 1980. I recently returned from a month in Vietnam and was very impressed at what I saw and heard. It looks very much like a mini-China with lots of enterprise and hard work. However, I would not put too much into Vietnam because 1. there is considerable corruption and antipathy towards the government, 2. there is little love between Vietnam and China and any problems between them (think South China Sea) could blow up the stock market if not the economy.I share the reserves about Cambodia again due to corruption and the lack of the energy evident in Vietnam.
kolwezimudele
13 Feb 2017
Looong time I bought a sizeable trade in Nov 2006 (...) at $2.85 and saw it fall to very, very little. I thought the investment a right off and put it down to youthful enthusiasm (I had worked in Asia, including Vietnam, in the 1990's). I basically forgot about the investment until a recent visit to Vietnam, wondered when I looked at it why it was now priced in GBP and was somewhat surprised that the price was actually higher than what I had paid (I thought it would be at near zero....). Good to see it's back in strength and hopefully it will go higher - Vietnam is a dynamic economy with hard-working people who are very business-oriented (when allowed to act freely). I believe that the fund can invest outside of Vietnam - I just hope management stays away from Cambodia (likely, given the poor relations between the two - the Cambodians are still angry that it was the Vietnamese who liberated them from the Khmer Rouge.......) which is a incompetent utterly corrupt basket-case of a country that continues to live on (free) Chinese and donor money.....
casabanker
13 Feb 2017
Re: Top Trumps For 2017... I was ;beginning to think that I was on my own here as well as RSE. I have held a position in VOF for more than 12 months when it was denominated in US dollars. When it was converted to gbp, the entry price was 160, which is now showing a phenominal rise. I have since topped up at around 250. The holding I have is not big, due to my cautious approach. Investing in a frontier market is risky after all. I am now considering increasing my holding further. My usual preference is to seek income but this one has given me a different slant. That is also true for my holding in Riverstone(RSE). i also bought this over a year ago for around 820. The Company had a placing pitched at 800 and the sp duly slumped to around 750 and I nearly sold out. I decided to average down to 789. I have recently bought some more and, just like VOF, the current price is at a discount of at least 10% to NAV. The sp is around 1300. Casa.
investorprotestor
11 Feb 2017
4 places off Automatic FTSE 250 This will lift when trackers have to buy. Hold for more gains.
Wexboy
30 Jan 2017
Top Trumps For 2017... VinaCapital Vietnam Opportunity Fund (VOF:LN) (5.1% of current portfolio):Share Price: GBP 271pMarket Cap: GBP 560 Million (USD 705 Million)Everything aligned for VOF in 2016 to deliver a blistering +70% return (in sterling terms): Its substantial capital markets (i.e. non/un-listed) portfolio allocation was a primary driver of a return that was nearly double that of the VN-Index, its NAV discount closed significantly, plus it enjoyed a dramatic boost from sterling’s post-Brexit depreciation (VOF shares are now listed in GBP). The portfolio out-performance is particularly gratifying, as I’d previously highlighted VOF’s more diversified portfolio as a better long-term bet (vs. its peer closed-end funds/ETFs, which focus on listed equities), in what’s still obviously a frontier market. [See blog comments here, for a comparison with the VanEck Vectors Vietnam ETF (VNM:US)…which, extraordinarily, managed to lose money for its shareholders last year!?]The underlying VN-Index return is also a reminder there has been little sign of over-heating in the market, which leads me to believe there’s plenty more gas in the tank here. 2017 GDP growth’s expected to surpass the current 6.2% rate, retail sales are humming along at +10.2% yoy, inflation remains sub-5%, the USD/VND remains stable, the banks & the property market appear to be heading in the right direction again, and 10-15% EPS growth is expected…yet Vietnam continues to trade at a 20-30% P/E discount to regional averages. As for VOF itself, it trades on a 0.81 Price/Book multiple, despite an aggressive & ongoing share buyback programme – I see plenty of gains ahead in terms of NAV growth & discount compression, as Vietnam continues to leverage & benefit from its labour/cost export advantage, and (just as importantly) its burgeoning domestic consumer economy.For this & other top picks, check/Google my latest 'Top Trumps For 2017...' post on the Wexboy investment blog.
Taddish
08 Jan 2017
Valuation At over 20% discount to NAV this has to be a strong buy. Tad
oilplay
20 Dec 2016
aj bell Unfortunately aj bell do not trade this IT for reasons unknown.
Peermade
19 Dec 2016
Top Gear BBC Yes it has to be true, when Jeremy and the gang identify a new investment frontier even on two wheels, you have to jump in feet first. After all the stars and stripes Monkey bike was substituted for the Allegro, and we can all agree with that. May the Vietnamese prosper and do well, they work hard, are cheerful, and have excellent cuisine.
II Editor
16 Nov 2016
NEW ARTICLE: Why high-flying portfolio is buying this emerging market "At the start of this article I must come clean and own up to liking the cheerful, hard-working people of the Far East, and in particular Vietnam.I travelled there 55 years ago when in the Merchant Navy, and now my youngest brother is a doctor in ..."[link]
casabanker
25 Oct 2016
Re: 38% price spike Excitement over. It was someone with fat fingers at iii.Casa.
casabanker
25 Oct 2016
38% price spike This is my first port of call in order to try and find out the cause of a 38%+ price spike this afternoon. There is no RNS so I will have to search elsewhere. In the meantime, if anyone finds out what has happened, please oost here. Casa.
