Im averaging £31 and its floating around the £50 mark…about 60% up. Not bad in under 12 months.
Not sure where the top is exactly and its a good hold for dividends, but I might use the proceeds to fund a growth stock purchase as I dont see BGEO as a forever hold for me.
Trailing p/e 5.25 (from Hargreaves Lansdowne). So not expensive if you take into account it’s growth
If you look at investment trusts in the emerging/frontier markets they tend to hold a lot of banks
A quick check,
Vietnam enterprise 3 out of the top 5 investments are banks.
BlackRock frontiers 2 (at least) out of top 5 investments are banks.
I will just keep adding to CGEO.