AGF - AMP Capital China Growth Fund

[PhoenixXx]

NAV rises above 50% of its initial price offered.
Despite the slumping market today, AGF runs smoothly

 

[megla]

Announcement out now the net asset value is $1.56 asset value goes up share price goes down CMON (said in leyton hewitt style)

This in my estimation is total crap! If the (unaudited) value of a mining share was @ 1.56, the price would be within a few points of that! Yet, here we have a large Australian company (AMP) managing a fund that is trading around 20% less than its worth.

 

[stoxclimber]

Guys, if you had done any research before buying in you would have found that closed end funds almost always trade at a discount to value and that no-one can explain why...hearing you complain now is just ...


DYOR is not just a disclaimer!! Its actually a suggestion!

 

[megla]

if you had done any research before buying in!

This is my research - : I complain, you provide the answer lol...

No offence intended, and advice taken, however, were does one start and stop with research. ASF is to me, the best place to find and learn..

 

[BIG BWACULL]

This in my estimation is total crap! If the (unaudited) value of a mining share was @ 1.56, the price would be within a few points of that! Yet, here we have a large Australian company (AMP) managing a fund that is trading around 20% less than its worth.

well at the rate the net asset value could be worth $2 or more by chrissie so it could mean $1.70, $1.80 a share, as long as china powers on and AMP makes some $$$$ march net asset value = $1.15, april nav = $1.35 may nav = $1.56 june nav = ????

 

[BIG BWACULL]

Net asset value now apparently worth $1.74 as per announcement, Currently trading at $1.37. Good luck to all longterm holders

 

[BIG BWACULL]

Well AGF has broken its all time high of 1.45 (this has been resistance me thinks) Today now sitting at new high of 1.495 Hope it cracks the 1.50 Volume of 467,504

 

[PhoenixXx]

Another ann came out. NAV is at $2.18.
Broke the 2 vital resistance point on $1.45-ish as pointed by Big Bwacull

 

[BIG BWACULL]

Another ann came out. NAV is at $2.18.
Broke the 2 vital resistance point on $1.45-ish as pointed by Big Bwacull

Yes nice push today on that announcement. 1,634,527 shares traded to finish today at $1.645
Looks like their makin dollars in China May get a good dividend outta this NOT, Cause as they said in the IPO it has to be reinvested so holders get allocated more shares in the fund

 

[BIG BWACULL]

Growth fund still growing
Up 8.5c or 5.215% Today and hit a new high of $1.72 and closed at$1.715 with nice volume of 722,812 shares
Thats all over and out

 

[BIG BWACULL]

Any ideas on who what where when why 4,377,748 shares went through at 9:17am for $1.79 :dunno:
Big boys buying up perhaps

 

[Logique]

Big Bwacull,
there is a favourable article in the SMH today about the CBA/First State and China funds management industry and it's future potential, and lamenting the limited exposure to it by Australian institutions. Along the lines of "missing the boat".

However the transaction you mention was before market open, so don't know. Your buy-up theory is a possibility.

 

[shinobi346]

It's been trading at around the $1.90 mark so its narrowing the gap on the NAV.

I;m waiting for the announcement on a distribution. If memory serves right theres one at/around the end of the year. Has to be reinvested but thats ok.

 

[Boggo]

It is looking good from an Elliott Wave perspective.

 

[DionM]

Distribution announced - estimated 14c / share.

Nice little return. Coupled with the SP growth it has been a nice little investment for me. Just wish I had had more balls to invest more when it floated - ah well, can't get too greedy!

Nav is $1.96 I think, so quite a gap between that and current SP.

 

[Nathan_b]

if i was to purchase 5000 shares today would i still be able to get the dividend?? i was looking at these for a long time and feel now is good time. i dont want to buy today the go ex div tomorrow and then price falls and get no div and pay the premium.

 

[Logique]

Check the company's recent ASX announcement,

but my understanding is that it trades ex from tomorrow morning 21 Dec. So in other words it can be bought during today cum dividend, that is including dividend entitlement. I make the dividend 0.14/1.54 = 9%. DRP or part cash on request.

 

[Nathan_b]

what bout if it settles next week would i still get a div? because yesterday i brought centro and on the recipt it says they settle on monday.

 

[Logique]

The payment settlement date on the Buy won't affect your entitlement at all, so long as you buy when the stock is cum dividend status.

 

[Nathan_b]

ok sweet, im going to put an order in now, hope i can get some at decent prices today. thanks for your help on this.