Overview
Africa Opportunity aims to earn capital growth and income through value, arbitrage and special situations in the continent of Africa. Portfolio investments will include equity, debt and other interests in both listed and unlisted assets. Africa Opportunity will pay a quarterly dividend equal to 1 year LIBOR on an annual basis.
The company’s website is found here.
Fundamentals
Price
Research History
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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10 Jan 2020 5 min read
QuotedData’s investment companies roundup – January 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]
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07 Oct 2019 6 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Jun 2019 3 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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08 May 2019 4 min read
QuotedData’s economic roundup – May 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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22 Mar 2019 1 min read
QuotedData’s investment companies roundup – March 2019
QuotedData’s investment companies roundup – March 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2019. Kindly sponsored by Baillie Gifford. JPMorgan Chinese, Fidelity China and Pacific Horizon benefited from a booming Chinese market in […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jun 2018 2 min read
QuotedData’s Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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1 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
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13 Mar 2018 1 min read
QuotedData’s investment companies roundup – March 2018
QuotedData investment companies roundup – March 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2018. Kindly sponsored by Baillie Gifford. Equity markets continued to run up in early February, supported by strong corporate earnings […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
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13 Oct 2016 1 min read
QuotedData’s round up of views on the global economy – October 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup
News
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29 Jun 2022 1 min read
Africa Opportunity announces mandatory redemption of shares
Africa Opportunity announces mandatory redemption of shares – Africa Opportunity (AOF) has announced a mandatory redemption of shares via an initial capital distribution in respect of its ordinary shares of US$0.01 each. The trust has benefited from realisations from its underlying portfolio and has resolved to return a total of $4.5m to AOF ordinary shareholders. […]
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03 May 2022 2 min read
QuotedData’s morning briefing 3 May 2022
In QuotedData’s morning briefing 3 May 2022: BlackRock Energy and Resources Income (BERI) is asking shareholders for permission to issue more shares after an upsurge of interest in the trust meant that it has already issued all the shares that it was given permission to at the last AGM. Blackstone Loan Financing (BGLF) generated a […]
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24 May 2021 1 min read
QuotedData’s morning briefing 24 May 2021
In QuotedData’s morning briefing – 24 May 2021: Graham Kitchen, non-executive director and chairman of the board and nomination committee for Invesco Select, has decided to step down from 31 May. He will be succeeded as chair by Victoria Muir, who joined the board in 2015. Electra Private Equity has issued 690,566 new ordinary shares […]
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28 Sep 2020 1 min read
Africa Opportunity Fund makes realisation progress
Over Africa Opportunity Fund (AOF) interim results period to 30 June 2020, the NAV fell by (14%). Accounting for dividends and redemptions, the NAV decline was (7%). At the period end, equities accounted for 79% of the portfolio, debt took up 5% and unencumbered cash was responsible for the remaining 16%. As a reference, AOF […]
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15 Jun 2020 1 min read
QuotedData’s morning briefing 15 June 2020
In QuotedData’s morning briefing 15 June 2020: Africa Opportunity will return $5.5m to shareholders via a compulsory redemption of shares. 9,565,216 shares (21.46% of the total) will be bought back at NAV ($0.575). Payment will be on 25 June 2020. Hammerson says that Robert Noel will succeed David Tyler as non-executive chair of the company. Robert […]
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30 Sep 2019 1 min read
QuotedData’s other news 30 September 2019
Several investment companies reported results this morning. In QuotedData’s other news 27 September 2019: Africa Opportunity Fund (AOF) reported half-year results to 30 June 2019 with NAV per share of US$0.689 as at 30 June 2019; this represented a 2% increase from the 31 December 2018. AOF noted that the single biggest factor on the negative front is an underlying macro-economic pattern in several African countries. Governments in countries […]
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23 Aug 2019 1 min read
QuotedData’s other news 23 August 2019
In QuotedData’s other news 23 August 2019: Africa Opportunity shrinks board – Chris Agar, Dr. Vikram Mansharamani, and Mr. Peter Mombaur resign as directors with effect from 22 August 2019 so that the trust can save money. We have a raft of half-year reports: BMO Private Equity made 2.4% in NAV terms and 13.7% in share […]
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01 May 2019 1 min read
Africa Opportunity to offer switch to realisation pool
Africa Opportunity to offer switch to realisation pool – “In accordance with the prospectus dated 28 March 2014 a continuation vote will be put to shareholders this year, which will take place at a general meeting at the time of the company’s AGM, which is currently expected to take place in June 2019. The continuation […]
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22 Aug 2017 2 min read
Africa Opportunity tidies up share structure
Africa Opportunity tidies up share structure – The Board of Africa Opportunity Fund Limited has announced the creation and issue of Contingent Value Rights to holders of its Existing Ordinary Shares (details of which are set out below) and conversion of the outstanding C Shares into New Ordinary Shares. Africa Opportunity issued 29,200,000 C Shares […]
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07 Feb 2017 1 min read
All trust sectors bar one made money in ’16
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
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02 Feb 2017 2 min read
Setback for Africa Opportunity in Shoprite dispute
Africa Opportunity has had a setback in its dispute over its investment in Shoprite. In their half yearly report for the six months ended 30 June 2016 it was reported that the arbitration proceedings between the Company and Shoprite Holdings Limited had commenced in August 2016 and it was anticipated that the arbitrator would deliver […]
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15 Nov 2016 1 min read
UIL, Industrial Multi Property Third Quarter Winners – QuotedData
LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]
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12 Sep 2016 2 min read
Africa Opportunity Fund invests in Tullow bonds
Africa Opportunity Fund’s net asset value per share of US$0.898 as at 30 June 2016 increased by 2.7% from the 31 December 2015 net asset value per share of US$0.875. In the same period, the share price rose 7% from $0.647 to $0.692. Its C share net asset value per share of US$0.819 decreased by 0.2% from the […]
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08 Sep 2016 4 min read
Aberdeen Frontier Markets announces first dividend
Over the year to the end of June 2016 Aberdeen Frontier Markets’ net asset value per share and share price declined by 13.6% and 16.0% respectively compared to a decline of 12.1% in the MSCI Frontier Markets Net Total Return Index. The Board is proposing to pay an initial dividend in respect of the second half […]
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03 May 2016 1 min read
Africa Opportunity outperforms falling African markets
Africa Opportunity’s ordinary share net asset value per share of US$ 0.874 as at 31 December 2015 decreased by 11% from the 31 December 2014 net asset value per share of US$1.011, including dividends. The C share net asset value per share of US$0.821 as at 31 December 2015 decreased 9% from the 31 December 2014 n […]
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23 Feb 2016 1 min read
African exposure and discount widening impact Advance Frontier Markets
For the six months ended 31 December 2015, Advance Frontier Markets Fund saw a decline in its NAV of 14.7% during what proved to be a disappointing period for investors in frontier markets. The share price fell by 18.1% as the discount at which the Company’s shares trade widened to 10.0%. The MSCI Frontier Markets […]
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18 Sep 2015 2 min read
Advance Frontiers beats falling benchmark
Last night Advance Frontier Markets published results for the year ended 30 June 2015. Over that period the fund’s net asset value fell by 11.2% and the share price fell by 10.9%. The MSCI Frontier Markets Net Total Return Index declined by 13.9% over the period. The manager says asset allocation, manager selection and discount movements […]
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01 May 2015 2 min read
Africa Opportunity hit by commodity price falls
Africa Opportunity Fund’s results for 2014 show its net asset value fell by 17% over the year. Its C shares (it raised more cash in April 2014) saw their net asset value fall by 9% by the end of the year. The C share money is some way off being invested. As at 31 December 2014, […]
