Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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There is always an interesting line to be tread between social provision, support for social mobility and growth. It almost goes to the heart of a countries DNA, the parameters of the pendulum swing. The main thing is that the should steer a smooth path through the current constitutional crisis. It seems the military will be reluctant to intervene this time, as will the Monarchy. Step forth the Judiciary ....... I am not sure its the Judicary's place. A political reconciliation is what is really needed, i am simply unsure as to where it will come
Sorry for the spelling errors, too much holy wine at mass this afternoon
I'm not sure that being more to the "left" would attract the rural vote. I'm afraid that the rural folk have become too acustomed over the last 15 years or so to their 300 baht to vote for Mr. XYZ. SElecting a candidate is not a political decsiion, it's a financial one regretably IMHO. Add to this the incredible complexity of the Thai ballot paper and it leads to a situation whereby the low educated folk ar fertile ground for vote buying. I believe that Shinawatra has a considerable following in the city too mind you. Shades of grey in the Bangkokian hinterlands. I'm afraid it's a feudalism thta isn't going to change and who knows, maybe cronyism is the cut of their jib. When was it really different? Anand Panyarachun's short premiership excepted.
IMO
That's a strong opinion Runner ! :-) I think the Shinawatra's simply tapped into political capital of the rural poor. I think it was a simply numbers game. The essence of point is that instead of trying to install an unelected government, the current opposition would be better served moving their policies to the left and capturing more votes at the ballot box. The continual destabilisation of successive governments is in no ones interest, a political settlement would be preferable to military or judicially engineered coups.
The urban "rich" also need their needs addressed. A free market economy, a meritocracy, respect for education and hard work. I believe that the rural poor and the urban rich have more in common than they realise or admit. The main commonality is the need to see the back of the Shinawatras so the country can be super competitive in the region if not on the World stage.
IMO the core issues of the rural poor are based on their own inherent laziness, sense of entitlement (created by Shinawatra family) and their greed. They are now victims of the rice scandal having been denied a free-market in their most grown and precious commodity - rice. They have been conned by the promise of easy money/easy life by the Shinawatra's vote buying scheming.
Yeah I bought in too, but more for the long hall than a short term gain, I just cant see much downside for the thai economy, even with the current constitutional woes. In the medium term the best we can hope for is a unity government, as I cant see Yingluck holding out. A unity government could see out the current or a fresh term, however the longer term Thai political outlook needs to be one where the main parties seek to address the core issues of the rural poor and fight for their vote, unless that happens Yinguck and her family will continue to win term after term without controlling the capital. That model rarely works.
Still a long way to go. I think the thai parties need to work hard to garner votes from the rural poor. Let's hope Yingluck see's out this term.
I too have seen things are starting to happen here recently. I may well get back in very soon after I jiggle a few things about.
I think with the cooling off of the political unrest we should see more optimism. I concern I have is the effect of Russia issues on tourism and the property market, and whether inflows of Russian money may stall. But that probably won't effect the stocks that this fund is invested in too much - but fewer tourists never good for an economy that relies quite heavily on that trade. My gut feeling is that this sp should be around 550-600p when all is going well.
Seems to be finding it's feet, I bought back in a few weeks ago and feel confident. Best to be in at the start of a good run than jump in at the next high when Thailand starts being promoted to PI's to come to the party late.
We need a better dividend yield here. Supposed to be a growth stock though? Grow then :-(
A good day up 2% today in the face of rumours of an impending (likely I would say) military coup next week.
http://www.bangkokpost.com/ Best way to keep up with news from Thailand.
http://uk.finance.yahoo.com/news/fitch-thailands-policy-management-central-084717306.html
My AIMs are NRRP, ECR, BAO, SKR. Keeps me on my toes too.
I do like higher risk shares. I have 45% of my money in the AIM Oil share CAZA. This will make you a fortune but it will be a roller coaster ride.
Thanks, I'll take a look at Acorn. Cheers and yes, I have may be 10% of my portfolio in what might be described as high risk ITs, 10% in high risk company shares (AIM stuff, for the adrenaline rush) and the rest in boring funds and some Fixed Income and autocallable notes. So I'm always up for a roller coaster ride. Cheers.
If you two like higher risk investment trusts have you seen the performance of ACORN INCOME, by Christ that has made me some money and it just keeps going up and up and up, they really seem to know what to buy and sell there and at the right time.
I have many years experience in stockmarket so I have been a bit around the block so to speak,Most of my money is in investment trusts and most have done me proud,the last time I was in a thailand fund I was a novice so I didn't sell in the good times, thailand went down the pan years ago and the fund i was in lost so much money it wasn't worth old mutual keeping it going so they stopped it,not for the faint hearted these funds when things go wrong.
I sold this last week @ 393 which was still in profit as my average was 376, so I guess its not too bad for me. I just wish I sold them like I did with the bulk of my holding at 578. I did loose 12% on my AAS holding though which I sold last week for 927, now 865. All emerging market shares seem to be in freefall currently. This has massive potential once things turn around but I suspect it could be some time off yet.
It's not going to happen here for a while I fear, SET in free fall, Thailand in "recession". I expect an opportunity to average down in 3 or 4 months or so. GLA
We need to SET to get to 2,000 to get this one back to 6 quid.
12% up in 3 days. Best not to follow it