Overview of the half Year In the Annual Report for the year to 30 September 2020 we reported that the NAV total return was virtually flat but marginally better than the MSCI AC World ex-USA Total Return Index in sterling (the Comparator Benchmark ), which recorded a loss. I am pleased to report that in the six months under review, AGT s NAV increased by 26.8%. This result made AGT one of the top performers in its peer group of global investment trusts. Some of the strongest contributions over the period came from companies - such as Aker, Jardine Strategic and EXOR - that had been hardest hit by the COVID-19 pandemic, and subsequently rallied in November 2020, following the announcement of the Pfizer/BioNTech vaccine trial results. The manager increased exposure to these companies, and initiated positions in others, during 2020 when their valuations appeared particularly compelling. These companies, and other contributors to performance, are discussed
Investegate |AVI Japan Opport Tst Announcements | AVI Japan Opport Tst: AVI submits shareholder proposals to SK Kaken investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
RNS Number : 1446Z
19 May 2021
Asset Value Investors (AVI) Submits Proposals to NS Solutions to Reduce ¥145 billion in Surplus Assets While Investing More Proactively to Capture DX-related Growth
NS Solutions has rejected AVI shareholder proposals without disciplined quantitative analysis of surplus assets in relation to capital investment needs Blanket rejection of AVI s proposals without quantification is symptomatic of management culture under the influence of controlling shareholder Nippon Steel Corporation
Asset Value Investors ( AVI ) today publicly released a letter to NS Solutions Corp (TYO 2327) ( NSSOL ) responding to NSSOL s rejection of AVI s shareholder proposals which were submitted in April and can be found on
Asset Value Investors: AVI s Treanor Responds to Symphony s Letter on the Recently Launched Public Campaign
AVI notes the response from Anil Thadani, Chairman and Founder of the Investment Manager, published on 6-May-21: Symphony International Holdings Limited ( Symphony or SIHL ) Response in relation to Asset Value Investors Limited
It is telling that it is
Mr Thadani responding, when the core of our grievances made public last week rests on the independent directors seemingly being complicit in the way the company appears to be managed.
Why is the Independent Chairman, Georges Gagnebin, silent?
Why are shareholders asked to contact
Mr Thadani with their concerns?
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;