Member Info for johnjunior

Final NAV 98.33 multiplied by 6 = 589.98 ..I wonder if they will round it up to 5.9 pence for the year to make a quarterly payment of 1.4725 p.......Please??

Ive already made the exact same point last week about the managers poor selection and how the markets they pick from have performed substantially better than this fund . Maybe you had a day off that day . See the thread Hellooo.

It is true this fund has performed badly and has a high turnover of shares resulting in higher transaction costs , but spare a thought for shareholders of of Asia Dragon (DGN) which has a similar capitalisation and invests in the same regions ,since Feb 17th 2021 their share price has declined by about 41% but HFEL has only declined approx 35% .The drop in DGN is not mitigated by dividends currently yielding only .1.8% as measured against a HFEL yield of 11.2% .While im no fan of the fund managers performance a lot of the decline is because a poorly performing Chinese economy .

Is now the time to be greedy and not fearful?

Thanks for link .......so by last August 2022 full year revenue from writing options was about 2.9 million and half year february 2023 is about 1.3 million ? And HFEL are paying about 39/40 million a year in dividends ?

Where can we see the evidence of the option writing .. Do they issue income figures from options in the annual figures or when do they even discuss option writing in occasional messages to share holders.They may have discussed them in past communication but as yet in the nearly 5 years ive seen no detail .Where did u get your knowledge and detail of the option writing . If we could see such figures and satisfy any doubts then if the dividend is sustainable then the price of 2.16 is a bargain .

I have lgen and hfel and can say with some confidence that lgen is undervalued compared to its intrinsic value .Its predicting a 5 pc rise on next years dividend on top of this years 5pc rise.Im confident the dividend is out of genuine earnings but not so confident of where hfel get their money from .Warren Buffet says when a solid company with reliable earnings is valued well below its intrinsic value just take advantage of the cut price sale until eventually the market realises the true value when wage inflation and interest rates have turned downwards . Who knows when that will be . No choice but to be patient and reinvest dividends.

IN early October 2022 most of the stock markets HFEL are invested in were low but all are higher now including the Shanghai index . Taiwan, Korea ,Singapore Hong Kong and Australia are all higher one by as much as 40 per cent Yet HFEL which should be a fair reflection of this general improvement/recovery is LOWER now than its October low of 239 only mitigated by the dividend .They are continually raising money with their " issue of equity" sometimes as in July 4 times in a month .Where is that being invested or maybe some is being used for dividend payments?. The managers cant blame the performance of the region but must take the blame by their apparent underperforming stock selections .I wonder if they ever read these forums ? Mr Kerley, a random selection of stocks from this region would have done better than this .

Https://www.youtube.com/watch?v=ahhude8zA7c

Held HFEL since before the pandemic and in the last two years have received about £7k in dividends but have an average buy price of 296 so currently down about £7.5 k and with videos like this not sure when I watch videos like above not sure when I will see that again.

What do the 24 million of performance fees relate to? Anyone? Relieved that dividend is held at 7.9.

ok maybe with buy backs a good recovery of the share price instead

i topped up yesterday so now have over 18000 shares in this so im concerned about the dividend announcement on Friday .At the very least im expecting them to maintain the dividend ., and im hoping they increase the special from 3 p .The interim figure for underlying earnings was 78 m and there is no reason to believe that the second half wont match that so at that is at least 150 million full year less tax about 120 million better than last year when it was only 105 and we had 12.2 p last May and 7.9 in Sept. With this prospect in mind the price does not justify the performance and the increasing AUM .One suggestion by analysts is there is the future prospect of more regulation in this industry and more competiton but it does not seem to affect MNG the same way and they pay 8.5% approx (which i have ) but without the loss of capital. Cannot see that when the global economy is firing on all cylinders this will not reach a more acceptable valuation .

www.thetimes.co.uk/article/jupiter-fund-managers-make-60m-from-chrysalis-m6bw5txz2

Further research has made me realise that this company is not an investment trust but a financial services company. Little did i know !!!

Maybe someone in the know can i explain why the JUP share price is 267 but its net asset value is currently (according to LSE) 44p. All the other investment trusts I have HHi,TMPL,HFEL,and MRCH have only a slight premium to the share price ...Discuss.

Im wrong ...thought u meant average purchase price....

So after you were reminded that the lowest price for TCAP was 1.85 you are still sticking to your claim you have an average of about 1.62 and it was `nt a typo. ??

He thought covid would be over by Easter and swallowing disenfectant could get rid of it didn`t he ?

https://youtu.be/QwjiIIht0bw
Video posted before the pandemic crash (Feb 19th) and before China ripped up the one country two systems treaty and before the latest scandal. HK property was overvalued then and is now even more vulnerable since the Chinese now see HSBC as a threat to national security since money laundering scandal and more residents wish to leave HK.Quite a technical video ....needs to be seen a few times to take in the details.

Didnt know they could that after the share went ex dividend at 4 30 last afternoon ??