Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
To achieve medium to long-term returns through investment either in Vietnam or in companies with a substantial majority of their assets, operations, revenues or income in, or derived from, Vietnam.
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(which was nice)
added a bit recently.
Sorry. Only just seen your response.
My 80% was wrong. I bought on 3rd April at 262p.
You can get average NAV on Morningstar which I find is a great website .
SP down4% today. Not quite sure why.
Jab1t, I've also been invested for a year and made about 40%, you must have timed the covid dip well, other than then the sp has never been as low as 267p since May 2017. Where did you get the average 14% discount from? Looking at the AIC chart I think it's more than than unless you mean just year to date maybe.
It doesn't really matter about the discount providing the NAV keeps increasing and the discount doesn't widen out too much. I'm very happy with 40% return.
This IT is now at a discount of 18%. It's average NAV is about 14% below the SP
Great buying opp.
I have held mine also for about a year and am up nearly 80%
What's not to like.
Latest YouTube
https://youtu.be/92O009LE2xM
The US class Vietnam as a currency manipulator. They are getting away with it for now. Mainly because they are an ally of the US (at least against China). So if the LNG comes from the US it will mitigate the currency problem to a degree. I wonder if the discount is to do with China and the problems Vietnam is having over the south China Sea?
When the new planned LNG terminal in Vietnam comes into operation this will boost Vietnam supplies and ensure that Vietnam becomes one of the main energy players in Asia also, hopefully VOF have a share of this potential growth.
Matt- check this: https://vinacapital-cdn.azureedge.net/wp-content/uploads/sites/2/2021/05/VOF-Monthly-April-2021.pdf
As you will see, almost 24% is unlisted or private equity holdings-thus more difficult to value on a regular basis-besides being an emerging market-good reasons for the discount.
...and still can't quite get my head around why this trades at ac20% discount, particularly as the Company is now buying back its own shares. In my experience, equity ITs tend to trade at discounts of 5-10%, so seems odd that this one is so large? Still, Just gives us all more buying opportunities I guess!
I hold both and they've both been steadily growing their NAV.
VOF seem to be more aggressive with buybacks. Over $1m worth of shares today.
from the VNH board for context, tho’ from a few month ago:
https://citywire.co.uk/investment-trust-insider/news/ipads-macbooks-and-doubling-steel-companies-vietnam-remains-rare-outpost-of-growth/a1461152
onwards and upwards, if a bit slower than i would like.
keeping a watchful eye on covid19 related disruption,
but appears mr market is prepared to look thro’ that.
(fingers crossed.)
Vnh is worth a look too for all vietnam fans. Double the discount of VOF. Imo....
Same, I'm unsure about the drop
Any idea why the NAV reached 500p and the Share price dropped today by 7p or 1.5%, seems a strange thing to happen when the price difference gap was already 10% from NAV.
This is still a good buy and definitely a long term bet which should easily better Scot Mortgage Trust.
The monthly update makes interesting reading, it's a short term blip. Once they're clear of covid restrictions, tourism and foreign direct investment will increase, I suspect the price will rocket.
Well it is currently the Vietnamese TET holidays, so nothing is happening in Vietnam at the moment, but I do expect the share price to ramp back up again post - TET back to the 450 again.
Hello, hello! New all time high in the SP. Encouraging end of month report. NAV continuing in the right direction and an UT at the end of the day 10p higher than it had been trading at just prior.
Very happy to have held my nerve at the beginning of the year and continue to be a long term holder.
It looks like over 1% of the company's shares have been bought back and cancelled (over 2m woth about £7m) in the past month?
This can only widen the discount to NAV, and enhance EPS a fraction too. Its also a good hedge on a weak pound/dollar and an Asia rebound post covid.
Why so few of the directors of VOF have skin in the game?
U.S. imports of Chinese goods are plunging as trade tensions heat up. But American imports from Vietnam are soaring.
https://www.bloomberg.com/news/articles/2019-05-28/americans-are-snapping-up-vietnamese-imports-at-china-s-expense?utm_source=twitter&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&fbclid=IwAR0WMnlhvtZFbuPF7o2mws9GDSyLypiuqQjn_2jVYmO4YnlU2nL4h0pz1IA
A very good prospect
Yes indeed. Excellent high growth in the past and looking forward more to come.
Discount to Nav around 18% and narrowing. Plus a dividend currently 2.4 %
TURNING FROM COMMUNISM, DEEP SEA PORTS, A BIT LIKE CHINA. THEY COULD GROW A GREAT DEAL
Dividend now 3.41% (source Bloomberg) and discount to NAV now 17.41% as the Vietnamese Stock markets been on rising trend over past month. All trends in the Vietnam economy are positive with Strong company profits growth, rising consumer demand and economic growth, low inflation and positive economic outlook. Companies reporting increasingly positive cash flow and dividends.