Just bought a reasonable chunk (c6% portfolio weight) in Origo Prefs and a similar- c6% weight in the ordinaries.
Origo is a Chinese private equity investment trust. As you might imagine when you hear the words ‘AIM listed Chinese private equity trust’ performance has been disasterous. c500p in mid 2011 has become c1.5p now. Putting a lighter to your money would probably have given you a better return.
In theory the ordinary has a NAV of 9p a share (June results) vs a market price of 1.5p – so a decent return from here.
I am going for the prefs – trading at 0.30c vs hopefully a redemption at $1.00 – or a 3x return as well as the ordinaries.
Deep Value Investments Blog 