I am very surprised about the comments above. i have viewed the Metage influence as destructive and not representative or particularly accurate.. AGF has performed under its NAV as buyers chose their entry price. It is consistient with others on the A class only shares and not those of of a combined A class and HK listed. It has possibly performed better than its peers.
I see that AMP Capital has actually jumped their hoops well. I received a call last Saturday week and they were very thorough in the my interview. I have been a share holder since inception and recently topped up @ 1.80 so that i'd have a few 100,000 shares in a round number. The china story is a longer story and has longer troughs and at times great volatility. The recent peak caught me given my experience with china. China is a freight train which isn't going to stop and sometimes you need to jump on in the hills and sometimes in the valley. The price to NAV values what many may view is the true value of China A class shares and it is at least consistent. To change this could cause arbitrage that unfairly benefits those who see how to take advantage. Winding it up seeks nothing but to give a windfall to thoise who own AFG and then you would have to reinvest elsewhere. (if you are invested because you like the china story) Where?
The AMP capital are taking this quite serious and i dont think they have come to the wrong conclusion at all.
Disclosure. I do not work for AMP and never have. I am an investor who funded much of this from the sale of AMP shares. I have significant exposure and am happy with the status quo and very happy that it is automatic DRP.
I am very surprised about the comments above. i have viewed the...
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