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JRIC Japan Resident.

71.75
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Japan Resident. LSE:JRIC London Ordinary Share GG00B1FB3X85 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 71.75 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 71.75 GBX

Japan Residential ORD 10P (JRIC) Latest News

Real-Time news about Japan Resident. (London Stock Exchange): 0 recent articles

Japan Residential ORD 10P (JRIC) Discussions and Chat

Japan Residential ORD 10P Forums and Chat

Date Time Title Posts
08/12/201519:08Japan Residential Investment Company. New to AIM.197
27/4/201010:54Japan Residential Investment Company. New to AIM3

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Japan Residential ORD 10P (JRIC) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Japan Residential ORD 10P (JRIC) Top Chat Posts

Top Posts
Posted at 08/12/2015 19:08 by coolen
Interesting that the second bidder has walked away, yet 9% of the company has been "put through" today at 72.75p/72.85p, a premium to the Agreed Offer price of 72p.
Posted at 25/11/2015 17:49 by skyship
Bandit - I agree with DB that ARTL is worth a look at, starting with last week's admirably detailed Interims:



Personally I took the turn when they ran up to 84p. May not get them back of course; but if they do drift back to c77p, I'll be back on board there.

For many of the secondary runners and riders in the UK commercial property scene (exc. the high MCap leaders), take a look at the CP+ thread.



My favourite at the moment is UAI (a recent name change from DSC). I've been in and out of them profitably no less than 5 times over the past 30months! As they've drifted all the way back from 290p to a current 225p, they look to me to be an extremely attractive value proposition on a 25% prospective NAV discount - brokers forecast a yr/end Feb'16 NAV of 300p. Also the same payouts as last year would provide a 6.3% yield.
Posted at 25/11/2015 08:46 by playful
Everyone loves JRIC
Posted at 17/11/2015 17:37 by bandit99
seems a bit odd that two bidders offer exactly same price or am I missing something....?
Posted at 13/11/2015 21:41 by janeann
'Interesting to see buyers paying above the offer price.'

Perhaps momentum traders who haven't looked at the cause of the rise?
Posted at 13/11/2015 14:38 by shauney2
Interesting to see buyers paying above the offer price.
They must think there is a possibility of a higher takeout price.
Posted at 13/11/2015 08:13 by martincc
Missed this when I first read through,

'The JRIC Board also announces that it has received a separate approach from a third party at a price of 72 pence per JRIC Share which may or may not lead to an offer. Discussions with this third party are at an early stage and it is carrying out due diligence.'

A chance we may get more than 72p once the revaluation is complete?
Posted at 13/11/2015 08:11 by woodcutter
thanks bb2 that's my third take over this year. i seem to have had a good year spotting undervalued businesses. thankfully i picked up quite a few when the general markets looked to be getting a little too volatile. it'll be nice if we have a bidding war.

ALNT
HTY
JRIC

all taken out now

woody
Posted at 23/10/2014 09:54 by masurenguy
RNS Number : 0605V
23 October 2014
Japan Residential Investment Company Limited

Update on Net Asset Value

Japan Residential Investment Company Limited (AIM: JRIC) is a closed-ended Guernsey registered company established to make and hold investments in residential property in Japan.

The Net Asset Value ("NAV") for the Company as of 31 August 2014 (unaudited) was 59.0 pence per share (Yen102.0 per share) compared to 58.9 pence per share (Yen100.5 per share) as at 31 May 2014. This NAV reflects an increase of 0.9 pence from underlying profit which was partially offset by decreases of 0.7 pence due to net foreign exchange losses and 0.1 pence from net loss on fair value adjustments. The calculation of NAV is based on the most recent external valuation of investment properties as at 31 May 2014. The NAV in Sterling is determined using the Yen: Sterling exchange rate of JPY172.762, which was the prevailing rate as at 31 August 2014 (31 May 2014: JPY170.509).
Posted at 24/9/2014 09:25 by stemis
He's the MD of Miton but doesn't run the funds that are invested in JRIC (which is David Jane).

Having said that, there's a lot to like about JRIC. I guess the big questions are:-

1. what is going to happen to the Yen/£ exchange rate. It's moved against JRIC since the year end by around 4.5%, therefore currently priced at a small (1%) discount to NAV.
2. how long will Japanese interest rates stay so low. Basically this is a play on the difference between retail property and debt yields (which is quite high at the moment).

I do like that there's only 4 posts here in 6 months though.......;-)
Japan Residential ORD 10P share price data is direct from the London Stock Exchange

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