siampolee
Detective
Alive alive O
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Post by siampolee on Jun 30, 2019 14:52:44 GMT 7
Mark!!!
Sorry that's not my name.
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Post by butterfly on Jun 30, 2019 14:54:02 GMT 7
that's very a TVF line you have, chiangmai, are you sure you are not a part time MOD on TV? anything is going to sound trollish to anyone who is offended, I hope this forum is not too PC,
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Post by Fletchsmile on Jun 30, 2019 16:10:13 GMT 7
Just curious: Are you saying you turned into 30M to 150M over the period 2000 to 2014. Compared to say just over 300% on SET over the same period? Time frame is important THB 30M seems small for a portfolio for institutional investors? Back at the start of 2000 that would have been only around USD 800K. So a bit of context would be useful or was it just one stock within a portfolio that you did well on? actually excellent question and observation, 30M THB was very small, back then SET index was about 500 something, and we were buying small and midcap illiquid shares, and we were doing a test run with that portfolio. Eventually the benchmark portfolio was used as a reference for much bigger institutional clients, I think 350M USD was the AUM size, but the SET is a small market and bargains can be challenging to catch because the bid/ask was quite large for our targets. Don't be fool by the thread title, it was bait to get your attention, but we did have something like 700% or 800% over 12 years, again the SET was undervalued, so quite easy, just had to grab them by the pussies Thanks. No I wasn't fooled I was just interested in a few more facts as your numbers seemed a bit vague, and the amounts small for institutional clients. Time frame is important, for context. As you say, it was pretty clear the SET was undervalued post 1997. I put my Thai equity exposures with the local Thai retail fund managers though. Even the best Thai managers aren't necessarily able to compete with overseas managers in terms of technical skills and expertise. But where they tend to outperform foreigners, is because of their superior knowledge of the Thai markets and being better connected. That's difficult for any foreigner to match, and gives them a significant edge in an imperfect market like Thailand.
700% to 800% isn't bad, and foreign institutional clients would probably have been happy quite with that if they didn't know the Thai market.
It's a decent effort. Not sure about grabbing them by the pussy though. Sounds as though you grabbed a few ladyboys along the way
e.g. Aberdeen Growth Thai equity fund returned about 1220% in those days, over the 12 years from 31 Dec 2000 to 31 Dec 2012
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oldie
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Post by oldie on Jun 30, 2019 17:05:34 GMT 7
If you said something about turning 30million into 33million I might be interested. But 150million. Nothing to see, move along.
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oldie
Crazy Mango Extraordinaire
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Post by oldie on Jun 30, 2019 17:09:01 GMT 7
But I'm willing to try anything. To test the waters I give you 30 baht and you give me 150 baht. Then we do that a million times.
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chiangmai
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Post by chiangmai on Jul 1, 2019 1:23:13 GMT 7
that's very a TVF line you have, chiangmai, are you sure you are not a part time MOD on TV? anything is going to sound trollish to anyone who is offended, I hope this forum is not too PC, Sadly, TVF is not the forum it was sixteen years ago but it remains useful at times to understand what people are thinking and what is the general mood. But even that becomes difficult at times because of the large numbers of wannabe expats and two week wonders who claim to know everything but who understand almost nothing...I think of it as, "in the land of the blind the one eyed man is king" syndrome......I'm sure you can relate to that!
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Post by butterfly on Jul 1, 2019 14:23:53 GMT 7
actually excellent question and observation, 30M THB was very small, back then SET index was about 500 something, and we were buying small and midcap illiquid shares, and we were doing a test run with that portfolio. Eventually the benchmark portfolio was used as a reference for much bigger institutional clients, I think 350M USD was the AUM size, but the SET is a small market and bargains can be challenging to catch because the bid/ask was quite large for our targets. Don't be fool by the thread title, it was bait to get your attention, but we did have something like 700% or 800% over 12 years, again the SET was undervalued, so quite easy, just had to grab them by the pussies Thanks. No I wasn't fooled I was just interested in a few more facts as your numbers seemed a bit vague, and the amounts small for institutional clients. Time frame is important, for context. As you say, it was pretty clear the SET was undervalued post 1997. I put my Thai equity exposures with the local Thai retail fund managers though. Even the best Thai managers aren't necessarily able to compete with overseas managers in terms of technical skills and expertise. But where they tend to outperform foreigners, is because of their superior knowledge of the Thai markets and being better connected. That's difficult for any foreigner to match, and gives them a significant edge in an imperfect market like Thailand.
700% to 800% isn't bad, and foreign institutional clients would probably have been happy quite with that if they didn't know the Thai market.
It's a decent effort. Not sure about grabbing them by the pussy though. Sounds as though you grabbed a few ladyboys along the way
e.g. Aberdeen Growth Thai equity fund returned about 1220% in those days, over the 12 years from 31 Dec 2000 to 31 Dec 2012
I think in 2002 or 2003, SET went up 80%, so everyone was doubling their money if they had did the right value picks, we came a bit later for institutional funding, so Aberdeen could get those numbers easily if they had been in the market long before us, but we did get a few international #1 grand prizes beating all major asset managers, depending on the time frame the prize was based on (3 years, 5 years, 10 years)
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Post by butterfly on Jul 1, 2019 14:32:09 GMT 7
If you said something about turning 30million into 33million I might be interested. But 150million. Nothing to see, move along. what would anyone be interested in a small 10% gains, unless you are a grand mother and you like to stack your gold bars under your bed to sleep well at nights
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oldie
Crazy Mango Extraordinaire
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Post by oldie on Jul 1, 2019 15:56:30 GMT 7
If you said something about turning 30million into 33million I might be interested. But 150million. Nothing to see, move along. what would anyone be interested in a small 10% gains, unless you are a grand mother and you like to stack your gold bars under your bed to sleep well at nights It's better than losing 30 million.
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siampolee
Detective
Alive alive O
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Post by siampolee on Jul 1, 2019 18:54:04 GMT 7
If of course when it was a chrysalis butterfly may have had thirty million (30,000,000) kip which equates to around 350,000 baht. Now, for just three thousand five hundred baht or thereabouts (3,500) you too can be a kip millionaire!!!
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Post by rgs2001uk on Jul 1, 2019 21:01:44 GMT 7
Thanks. No I wasn't fooled I was just interested in a few more facts as your numbers seemed a bit vague, and the amounts small for institutional clients. Time frame is important, for context. As you say, it was pretty clear the SET was undervalued post 1997. I put my Thai equity exposures with the local Thai retail fund managers though. Even the best Thai managers aren't necessarily able to compete with overseas managers in terms of technical skills and expertise. But where they tend to outperform foreigners, is because of their superior knowledge of the Thai markets and being better connected. That's difficult for any foreigner to match, and gives them a significant edge in an imperfect market like Thailand.
700% to 800% isn't bad, and foreign institutional clients would probably have been happy quite with that if they didn't know the Thai market.
It's a decent effort. Not sure about grabbing them by the pussy though. Sounds as though you grabbed a few ladyboys along the way
e.g. Aberdeen Growth Thai equity fund returned about 1220% in those days, over the 12 years from 31 Dec 2000 to 31 Dec 2012
I think in 2002 or 2003, SET went up 80%, so everyone was doubling their money if they had did the right value picks, we came a bit later for institutional funding, so Aberdeen could get those numbers easily if they had been in the market long before us, but we did get a few international #1 grand prizes beating all major asset managers, depending on the time frame the prize was based on (3 years, 5 years, 10 years) Late to the party I see, I got into the SET at 2XX a few years before you, invested in Aberdeen at the time, it was almost like free money. Doubt we will ever see those days again, right place right time. Not mentioned, the blowback from all this is now to be seen elsewhere, the johnny come lately farangs with their 70+ baht to the pommie peso arrived in droves, well the gravy train has pulled out of buffalo central, and the brit brexit pensioner types are now left shaking their heads and crying into their bia changs on soi bua khao, wondering where it all went wrong.
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Post by butterfly on Jul 2, 2019 17:30:59 GMT 7
don't remember the all time low, wasn't it 240 or something like that? don't think it went to 190, but who knows
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Post by butterfly on Jul 2, 2019 17:32:08 GMT 7
what would anyone be interested in a small 10% gains, unless you are a grand mother and you like to stack your gold bars under your bed to sleep well at nights It's better than losing 30 million. I think even a blind man could have got it right and not lose 30M THB in those days
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