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AMMF -- AL-MEEZAN MUTUAL FUND LTD.

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32 replies to this topic

#1
dsr

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    In my opinion AMMF offers good potential this year for a good dividend. This year they have not yet announced any divident so far (Last year 27.5%) 17.5% Cash and 10% Stock dividend.

    Their profit is showing a tremendous growth.

    This is just for information of everbody who is interested in mutual funds.

    DSR


    #2
    Hanif Usman

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    View Postdsr, on Apr 30 2006, 04:52 PM, said:

    In my opinion AMMF offers good potential this year for a good dividend. This year they have not yet announced any divident so far (Last year 27.5%) 17.5% Cash and 10% Stock dividend.

    Their profit is showing a tremendous growth.

    This is just for information of everbody who is interested in mutual funds.

    DSR :thanks:


    What about this year (2006-07)?

    Hanif

    #3
    HaseebA

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    Quaterly reports for Al Meezan Mutual Funds (AMMF) is available o n http://www.almeezangroup.com

    This shows that earning per share for 9 months ended (till march 2007) translates to 1.46
    Net assets value per sahre is around 15.4

    Although the performance isn't as good compared to last year, expectations are still high
    hence
    At present I believe this stock is undervalued! BUY call (at your own risk though)

    And considering the booming stock market now, its future profits seem very attractive

    #4
    uahmed

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    On a side note: The other close-ended fund managed by this fund manager is MBF and it is trading at a larger discount value to its NAV as compared to AMMF (24% vs 19%)

    #5
    HaseebA

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    View Postuahmed, on Jun 25 2007, 05:55 PM, said:

    On a side note: The other close-ended fund managed by this fund manager is MBF and it is trading at a larger discount value to its NAV as compared to AMMF (24% vs 19%)

    Any idea why?

    I do think they are reasonable shares to invest in (long term) offering halal and (almost) guraunteed returns. But maybe their price is too low because of low interest among people.

    Low volume shares don't offer the chances of "satta" maybe, perhaps thats why they dont see lots of ups and downs

    #6
    uahmed

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    Almost all closed-ended mutual funds are trading at around that much discount rate, probably because of general lack of understanding of this financial vehicle among investors. AMMF is fully invested in KSE so its NAV will vary according to the KSE performance. MBF is 60% invested in stocks and 40% in money market so it does not fluctuate that much and is less riskier. My guess is that the fund manager's open-ended mutual fund MIF invests in AMMF and not in MBF so that's why it always operate at somewhat larger discount than its cousin.

    In my personal opinion, any large difference in NAV and share price is a great opportunity to accumulate these funds. For building wealth over a long term for buy-and-hold investors, that is a less risky strategy than investing in individual stocks...






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