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About the company
Asia Dragon Trust plc is a United Kingdom-based investment trust. The Company’s objective is to achieve long-term capital growth through investment in Asia, with the exception of Japan and Australasia. The Company’s investments are made primarily in stock markets in the region, with the exception of Japan and Australasia, principally in large companies. It invests in various sectors, including semiconductors and semiconductor equipment, technology hardware storage and peripherals, interactive media and services, insurance, banks, beverages, Internet and direct marketing retail, electronic equipment, instruments and components, electric utilities, life sciences tools and services, real estate management and development, food products, construction materials, hotels, information technology (IT) services, restaurants and leisure. The Company's alternative investment fund manager is abrdn Fund Managers Limited.
- Revenue in GBP (TTM)-36.25m
- Net income in GBP-46.86m
- Incorporated1987
- Employees0.00
- LocationAsia Dragon Trust plcInvestment House, 1 George StreetEDINBURGH EH2 2LLUnited KingdomGBR
- Phone+44 13 1528 4000Fax+44 13 1528 4400
- Websitehttps://www.asiadragontrust.co.uk/
Profile
| Management group(s) | abrdn Fund Managers Limited |
|---|---|
| AIC sector | Asia Pacific |
| ISIN | GB0002945029 |
| Launch date | 07 Sep 1987 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To achieve long-term capital growth principally through investment in companies in the Asia Pacific region, excluding Japan.
Managed by
| James Thom, Pruksa Iamthongthong |
|---|
Management & contract fees
Management fee is calculated at a rate of 0.85% of NAV up to GBP 350m and 0.5% of NAV exceeding GBP 350m. The Agreement is terminable by the Company on 3 months notice or in the event of a change of control in the ownership of the Manager. The notice period required to be given by the Manager is 6 months.
Mergers & acquisitions
| Acquired company | DGN:LSE since announced | Transaction value |
|---|---|---|
| abrdn New Dawn Investment Trust PLC | 14.33% | 219.89m |
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Foresight Group Holdings Ltd | 141.33m | 26.43m |
| Baillie Gifford US Growth Trust PLC | 26.82m | 20.74m |
| JLEN Environmental Assets Group Ltd | -3.83m | -13.94m |
| Blackrock Greater Eurp Invstmnt Trst PLC | 125.54m | 116.35m |
| Bellevue Healthcare Trust PLC | -107.95m | -121.04m |
| Jpmorgan European Discovery Trust PLC | 51.79m | 39.58m |
| Asia Dragon Trust PLC | -36.25m | -46.86m |
| Baillie Gifford Japan Trust PLC | 26.92m | 18.32m |
| Bluefield Solar Income Fund Ltd | 932.00k | 13.14m |
| Henderson Smaller Companies Inv Trst PLC | -54.04m | -60.89m |
| Partners Group Private Equity Ltd | 39.11m | 15.59m |
| XPS Pensions Group PLC | 199.43m | 54.17m |
| Schroder Oriental Income Fund Ltd | 21.08m | 10.70m |
| BlackRock Smaller Companies Trust plc | -25.37m | -32.70m |
| GCP Infrastructure Investments Ltd | 36.08m | 15.07m |
| SDCL Energy Efficiency Income Trust PLC | -44.70m | -56.30m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| City of London Investment Management Co. Ltd.as of 25 Mar 2024 | 48.11m | 30.38% |
| Allspring Global Investments LLCas of 27 Mar 2024 | 19.95m | 12.60% |
| Lazard Asset Management LLCas of 31 Aug 2023 | 13.20m | 8.34% |
| Bill & Melinda Gates Foundation Trust (Investment Management)as of 01 Jun 2024 | 10.63m | 6.71% |
| Rathbones Investment Management Ltd.as of 07 Dec 2023 | 8.22m | 5.19% |
| abrdn Investments Ltd.as of 31 Aug 2023 | 4.22m | 2.67% |
| Close Asset Management Ltd.as of 01 Jun 2024 | 3.63m | 2.29% |
| Evelyn Partners Investment Management LLPas of 31 Aug 2023 | 3.43m | 2.17% |
| Quilter Cheviot Ltd.as of 01 Jun 2024 | 2.93m | 1.85% |
| 1607 Capital Partners LLCas of 01 Jun 2024 | 2.20m | 1.39% |
