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AGF - AMP Capital China Growth Fund

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AGF is doing well, considering the mini-crash that has happened in the Chinese A-shares market.
 
scsl said:
AGF is doing well, considering the mini-crash that has happened in the Chinese A-shares market.
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Considering its valuation is a matter of opinion rather than even conjecture, its done well to finish at 1.12 today.

Looking at its fundamentals and chart though it resembles the emperor with no clothes, whose going to let it know that its value is so intangible.

5 days post listing it hit 1.45. Its been in a trading range, hitting more lows than highs since.

Its a good concept, and I'll certainly look at it when it drops below .70

Garpal
 
marklar said:
Announcement out today, the fund has done well!

Net asset value per unit is $1.10.

m.
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Yeah, yeah, bad netiquette to reply to your own post... anyway...

Announcement out that they're still at $1.10 for the end of Feb.

m.
 
Garpal Gumnut said:
Looking at its fundamentals and chart though it resembles the emperor with no clothes, whose going to let it know that its value is so intangible.

Its a good concept, and I'll certainly look at it when it drops below .70

Garpal
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Why?

Would you pay $0.70 if the NTA was $0.40?

Why would you bother charting something that has a calculatable NAV? - hardly intangible

The most recent NTA (as at 28 Feb2007) is $1.10 - how does a chart of AGF have any effect on this?
 
BSD said:
The most recent NTA (as at 28 Feb2007) is $1.10 - how does a chart of AGF have any effect on this?
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Another question - does anyone know why the NAV is delayed by 10 days?
 
Pat said:
Yes if that trend continued then yes, It would be great, however what indication is there of the trend continuing?

To say a stock will go to any price in 12 months if a trend continues is quite "loose" IMO.
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With the share price @ $1.14, going buy the current trend/price movement. This stock should be??? $1.14 by next year!
Hate to be a stick in the mud, but the only upside for AGF is purely fundamental.
 
Pat said:
With the share price @ $1.14, going buy the current trend/price movement. This stock should be??? $1.14 by next year!
Hate to be a stick in the mud, but the only upside for AGF is purely fundamental.
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Agreed, but if you think that the fundamentals are good in China and now that market price is close to the NTA it is a reasonably buy. The major drawback is the high fees chaged by AMP.
 
AGF may surprise its detractors. Its in an ascending triangle technically. However it lacks the volume confirmation to suggest a breakout. I still feel buying in at well below issue price would be a better tactic.
 

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Bit the bullet and bought a small parcel for my daughter to-day to put in the bottom drawer. Hope I can say good things about this decision when she is 21.
 
Too lazy to scribble on the chart, but I like the way it's looking; hopeful of pushing above resistance at $1.16 in the next few days...

m.
 

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April 9 2007 net asset value at $1.35 Announcement out this morning Thats a Good thing aint it, What exactly does this mean CHEERS Anyone?
 
BIG BWACULL said:
April 9 2007 net asset value at $1.35 Announcement out this morning Thats a Good thing aint it, What exactly does this mean CHEERS Anyone?
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Looks like its a good thing 500, 000 shares through now at 1.28 Beijing Olympics here we come. AUSSIE AUSSIE OI OI OI
 
PhoenixXx said:
Yesterday's SP fell to 1.085, Too bad for those people selling it as now the current net asset value is $1.10/unit.
Very good news.
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Just 3 months after they announced the latest NAV of $1.10/unit in Feb, now current NAV is at $1.35.
About 22.7% increase in such short period.
 
I dont get this. If the NTA is 1.35, then a sp below that would be a bargain. why is it still below what the share is actually worth?
 
megla said:
I dont get this. If the NTA is 1.35, then a sp below that would be a bargain. why is it still below what the share is actually worth?
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Maybe because the market expectation, on balance in the short to medium term, is for a fall rather than a rise in the NAV in China?
 
1/ Not everyone reads announcements or ASF.

2/ It has not been independently verified yet. Not that I'm saying it's wrong but some people might be waiting for it to be.
 
3/ The performance of closed end funds is one of the persistant market irrationalities which no good explanation has been found for.

Sorry boys, but you should have known what you were getting in for when you signed up! You'll have to wait until maturity.
 
Hi, I have a small holding of AGF. I was wondering if someone could recommend a site where I could track S&P/CITIC 300 china a share indice daily or weekly.

Also interested in looking at its value over last few years. Just something that shows a chart or table would be great. Had a search around without much luck.

Help appreciated.
 
i registered for and got AGF, and watched it trade sideways for many long months, unable to break past the 1.20 mark for 4 months.

I sold out in early May, and then guess what, it magically rises like a phoenix out of its ashes...

there's a good future ahead for China A shares, but I lost patience. I flew into Hongkong with me wife for a short holiday, opened a bank account there, dumped in many dollars and now I'm trading the China H shares myself.

now and again I check on AGF to see how it goes...and keep biting my tongue in frustration as it goes up!

oh well...there she goes, the stockmarket. (bloody unpredictable creature)
 
Announcement out now the net asset value is $1.56 asset value goes up share price goes down CMON (said in leyton hewitt style)
 
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