Africa Opportunity Fund L chart

Last update: 2022-12-23
Key statistics and financials
Revenue per share 0.07
Dividend & YieldN/A£ (N/A)
Beta 0.11
Market capitalization 139.48k
Operating cash flow 10.5k
ESG Scores unknown

Company description

Africa Opportunity Fund Limited is close ended balanced mutual fund launched and managed by Africa Opportunity Partners Limited. The fund invests in equity and fixed income markets of Africa. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in equity, debt, and other interests in both listed and unlisted assets. Africa Opportunity Fund Limited was formed on July 26, 2007 and is domiciled in Cayman Islands.

Sector: Financial Services - Industry: Asset Management

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 6.27k 177.56k -186.68k 49.22k
Total Cashflows From Investing Activities
Net Borrowings
Total Cash From Financing Activities -24.77M -24.77M -24.77M -7.2M
Change To Operating Activities 1.52M -70.18k -13.15k -66.22k
Issuance Of Stock
Net Income -19.01M -2.5M -401.74k 10.71M
Change In Cash -87.39k 98.69k -64.1k -17.5k
Effect Of Exchange Rate
Total Cash From Operating Activities -87.39k 98.69k 24.7M 7.19M
Depreciation
Change To Account Receivables -4.95k -2.96k 395 -346
Other Cashflows From Financing Activities
Change To Netincome 17.4M 1.12M -482.92k -11.23M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -19.01M -2.5M -401.74k 10.71M
Net Income -19.01M -2.5M -401.74k 10.71M
Selling General Administrative 1.61M 1.39M 884.67k 510.62k
Gross Profit 482.92k 11.23M
Ebit -1.61M -1.39M -401.74k 10.71M
Operating Income -1.61M -1.39M -401.74k 10.71M
Interest Expense
Income Tax Expense
Total Revenue 482.92k 11.23M
Cost Of Revenue
Total Other Income ExpenseNet -17.4M -1.12M
Net Income From Continuing Ops -19.01M -2.5M -401.74k 10.71M
Net Income Applicable To Common Shares -19.01M -2.5M -401.74k 10.71M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 156.94k 334.5k 147.82k 197.03k
Total Stockholder Equity 50.24M 47.73M 22.57M 26.08M
Other Current Liabilities 41.77k
Total Assets 50.4M 48.07M 22.71M 26.27M
Common Stock 748.5k 748.5k 350.06k 247.88k
Other Current Assets
Retained Earnings 11.57M 9.06M 8.66M 19.38M
Treasury Stock
Cash 4.38k 103.07k 38.97k 21.47k
Total Current Liabilities 156.94k 334.5k 147.82k 197.03k
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 50.4M 48.07M 22.71M 26.27M
Net Tangible Assets 50.24M 47.73M 22.57M 26.08M
Net Receivables 70.18k 83.33k 149.55k
Accounts Payable 71.42k 317k 130.32k 179.53k


Insider Transactions

Here are the insider transactions of stock shares related to Africa Opportunity Fund L:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Lazard Asset Management, L.L.C.D2022-08-242.54M
Knapp (Robert Christopher)D2021-12-31
Belo-Osagie (Myma Adwowa)D2021-12-31
City of London Investment Management Co. Ltd.D2021-12-31
Daniels (Francis)D2021-12-31
Belo-Osagie (Myma Adwowa)D2020-12-31
City of London Investment Management Co. Ltd.D2020-12-31
Daniels (Francis)D2020-12-31
Knapp (Robert Christopher)D2020-12-31

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Africa Opportunity Fund L. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Africa Opportunity Fund L

Here is the result of two systematic investment strategies applied to Africa Opportunity Fund L. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Africa Opportunity Fund L

The following chart shows the equity curve of the two systematic investment strategies applied to Africa Opportunity Fund L:

Africa Opportunity Fund L automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 32.97% on the backtest period.

Performance at glance

Performance

32.97 %

Latent gain

741.86 £

Invested capital

2250.08 £

Annualized return

7.67 %
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Momentum strategy results on Africa Opportunity Fund L

This is the result of two momentum investment strategies applied to Africa Opportunity Fund L. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Africa Opportunity Fund L

The following chart shows all the entries opened by the momentum investment system on Africa Opportunity Fund L:

Africa Opportunity Fund L momentum entries
  • The first momentum investment strategy would give 43.33% of return on Africa Opportunity Fund L. That represents 1733.23£ of latent gain with 4000.39£ of employed capital.
  • The second momentum investment strategy would give 46.3% of return on Africa Opportunity Fund L. That represents 1504.76£ of latent gain with 3250.18£ of employed capital.
Performance at glance (1Q Momentum)

Performance

43.33 %

Latent gain

1733.23 £

Invested capital

4000.39 £

Annualized return

21.67 %
Performance at glance (2Q Momentum)

Performance

46.3 %

Latent gain

1504.76 £

Invested capital

3250.18 £

Annualized return

12.12 %

Momentum equity curve on Africa Opportunity Fund L

The following chart shows the equity curve of the two momentum strategies applied to Africa Opportunity Fund L:

Africa Opportunity Fund L momentum equity

Note: the dividends potentially given by Africa Opportunity Fund L are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Africa Opportunity Fund L

The following chart shows the employed capital evolution of the two momentum strategies on Africa Opportunity Fund L since the beginning:

Africa Opportunity Fund L

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250£, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000£.


Buy the dip strategy result on Africa Opportunity Fund L

Buy the dip entry openings on Africa Opportunity Fund L

Africa Opportunity Fund L

The performance achieved by the robo-advisor on Africa Opportunity Fund L is 49.84%. That represents 249.16$ of latent gain with 499.9£ of employed capital. The following chart shows Africa Opportunity Fund L stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Africa Opportunity Fund L, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

49.84 %

Latent gain

249.16 £

Invested capital

499.9 £

Annualized return

21.67 %

Equity curve of the strategy applied to Africa Opportunity Fund L

The following chart shows the result of the investment strategy applied to Africa Opportunity Fund L:

Africa Opportunity Fund L

Note: the dividends potentially given by Africa Opportunity Fund L are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Africa Opportunity Fund L

The following chart shows the employed capital evolution since the beginning of the investment strategy on Africa Opportunity Fund L:

Africa Opportunity Fund L

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Africa Opportunity Fund L

In this section, I will compare the three previous investment strategies applied to Africa Opportunity Fund L.

Equity curve comparison on Africa Opportunity Fund L

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Africa Opportunity Fund L investment strategy comparison

Employed capital comparison on Africa Opportunity Fund L

Africa Opportunity Fund L investment comparison

Performance comparison on Africa Opportunity Fund L

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 32.97% 741.86£ 2250.08£ 7.67%
Momentum 1 quarter 43.33% 1733.23£ 4000.39£ 10.67%
Momentum 2 quarters 46.3% 1504.76£ 3250.18£ 12.12%
Non-directional 49.84% 249.16£ 499.9£ 21.67%
Annualized return comparison

Automatic investment

7.67 %

Momentum 1Q

12.12 %

Momentum 2Q

12.12 %

Non-directional

21.67 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Africa Opportunity Fund L:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Africa Opportunity Fund L and the other stocks. There may be false positives or some missing correlated stocks. If the price of Africa Opportunity Fund L does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Africa Opportunity Fund L
Country Cayman Islands
City George Town
Address PO Box 309 GT
Phone
Website www.africaopportunityfund.com/contact/
FullTime employees
Industry Asset Management
Sector Financial Services
Exchange XLON
Ticker AOF.XLON
Market www.londonstockexchange.com

Africa Opportunity Fund L ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown