ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

PJI Perpetual Jap.

46.25
0.00 (0.00%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Perpetual Jap. LSE:PJI London Ordinary Share GB0006829583 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 46.25 0.00 01:00:00
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 46.25 GBX

Perpetual Japanese (PJI) Latest News

Real-Time news about Perpetual Jap. (London Stock Exchange): 0 recent articles

Perpetual Japanese (PJI) Discussions and Chat

Perpetual Japanese Forums and Chat

Date Time Title Posts
27/10/200818:16How long till sunrise?25

Add a New Thread

Perpetual Japanese (PJI) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Perpetual Japanese (PJI) Top Chat Posts

Top Posts
Posted at 01/7/2004 19:12 by johnwwwilkinson
Business sentiment in Japan at 13-year high
By Barney Jopson in Tokyo
Published: July 1 2004 2:33 | Last Updated: July 1 2004 12:07

Japan's economic revival passed another landmark on Thursday as the Bank of Japan's Tankan survey showed corporate confidence had risen to its highest level since the bursting of the bubble.

The survey's headline index of sentiment at large manufacturers in June was the best since 1991, while measures of confidence at smaller manufacturers and big non-manufacturers also hit 13-year highs.

The upbeat results reflected strong export growth, a pick-up in domestic demand and the fruits of restructuring, which have combined to boost corporate profits. They also endorsed a BoJ assessment last month that said the country's economy was in its strongest state since the bubble era.

“This confirms the strength of the economic cycle and tells us there is a breadth to the recovery we have not seen in the past decade,” said Richard Jerram, economist at ING in Tokyo. Out of 27 sectors surveyed, pessimistic companies outnumbered optimists only in retail and construction.

Following news of an unexpected drop in industrial production growth earlier this week, Takehiro Sato, economist at Morgan Stanley, said: “The Tankan seems to mark the climax of recovery momentum. The upturn will continue this year, but at a slightly lower pace.”

The Tankan diffusion index for large manufacturers - which subtracts the percentage of companies that say conditions are favourable from those that say they are unfavourable - rose to 22 in June from 12 in March.

The index for small manufacturers climbed to 2 from minus 3, confirming the effects of rising production and investment at big exporters were spreading through the economy, although not as quickly as some economists had expected.

Among non-manufacturers, the large companies index rose to 9 from 5 while the small companies index also improved, but remained at a downbeat minus 18. Service companies have benefited from greater corporate activity as well as increases in household spending, which has crept up as unemployment falls and incomes begin to stabilise. A fall in the retail diffusion index, however, suggests new spending is not taking place in the shops.

Across sectors, large companies said they planned to raise capital investment 5.7 per cent in the year to March 2005, and expected sales growth of 1.8 per cent and profits up 8.8 per cent.

The April-to-June quarter may mark Japan's third consecutive quarter of economic expansion over 6 per cent, according to some forecasters. Strong growth, together with easing consumer price deflation and a healthier banking system, have convinced some observers that Japan is pulling out of over a decade of repeated recessions.
Posted at 05/4/2004 03:46 by johnwwwilkinson
Perpetual Japanese Investment Trust plc

HEADING: Top 10 Investments

Perpetual Japanese Investment Trust plc announces that, as at 31 March 2004,
its top ten investments were as follows:

Investments over 5% of total assets

Honda Motor Co

Takeda Chem Inds

East Japan Railway

Investments under 5% of total assets

NTT Docomo

KAO Corp

Tokyo Gas Co

Nippon Tel&Tel Cp

Canon Inc

West Japan Railway

Nissan Motor Co


Ordinary Shares unless otherwise stated.

This information is based on the most recent available valuation, as at 31
March 2004.

This announcement is made in accordance with Paragraph 21.20(l)(ii) of the
Listing Rules.

INVESCO Asset Management Limited

2 April 2004



END




Perpetual Jap.(PJI)
Posted at 29/3/2004 05:07 by johnwwwilkinson
Is the sun rising on a new Japan boom?

Heather Connon
Sunday March 28, 2004
The Observer

The most dangerous words in investment, according to the legendary Sir John Templeton, are: 'It's different this time.' So there is understandable nervousness among investors about the Japanese market after the 25 per cent rise in the Nikkei 225 index over the past year - the third rally of that magnitude since the market peaked in 1989.
The previous two proved blips, and the Nikkei eventually continued its long march downwards. So will it be third time lucky?

With a nod in Templeton's direction, David Mitchinson, manager of the Framlington Japan Fund, ventures that it is at least a little bit different now. For a start, when the market hit its low of 7,600 last April, prices were starting to look reasonable - or at least better value than before the two previous rallies.

And it is not only shares that have become cheaper: Mitchinson points to the 'lethally high valuations' of other assets - in particular property - which the prolonged bear market had to unwind. At last, he says, there are signs that the property market has become more realistic - taking into account funding and buying costs, property prices are on average a twelfth of what they were in 1990. That has made flats and starter homes accessible to many workers. And, while many are still reluctant to buy, there are signs that investment in retail property is starting, attracted by the low funding costs and reasonable valuations.

Japanese consumers are as attached to home-owning as we are, so, if the recent small price rises are maintained, there would be real reason for optimism. The evidence that asset prices are at least levelling off has fuelled enthusiasm among investors for Japan: investment bank Goldman Sachs has turned bullish while Merrill Lynch's quarterly survey of fund managers found that more than three-quarters expect its economy to improve.

But the optimists think the story goes beyond the price of flats in Tokyo. For much of the past year, the market's rally has been driven by cyclical businesses, such as coal, oil steel and shipbuilding, which have tapped into the China phenomenon.

Those who expect China's growth to continue - like Stephen Mitchell who runs JP Morgan Fleming's Japanese investment trust - think that will continue to drive the performance of the stock market. He points out that much of Japan's industrial base has spent at least the past few years of the prolonged slump restructuring and cutting costs, so the improvement in demand is feeding straight into profits.

But Framlington's Mitchinson is more encouraged by the domestic economy. He says retailing has been doing well for two years, and real estate has been improving for nearly three, yet companies in the sector remain reasonable value compared with the cyclical stocks. These have benefited most from last year's rally and he thinks some rises now look overdone.

John Hatherly, head of global analysis at M&G, points out that there are still risks in Japan. Deflation, which has dogged the economy - and kept Japanese consumers saving, rather than spending - is still a feature. The bad debts that have crippled much of the banking and insurance sector have not gone away, al though the rise in the stock market has made them slightly less painful.

And there is no guarantee that the Japanese authorities, who killed off the last two stock market rallies with ill-judged economic tightening, have learnt how to keep the momentum going.

There is also the risk that China will not just overheat but explode. Japan is supplying China directly and also benefiting from soaring sales to all the other countries and companies cashing in on the boom, so any downturn could have a disproportionate effect.

Regardless of the economic outlook, last year's surge in prices is unlikely to be repeated; the best investors should hope for now is steady progress from the Nikkei. It should never be a big part of your portfolio - 10 per cent is the maximum most advisers recommend. But those with an appetite for risk could consider investing a small sum in a Japanese fund - the JP Morgan and Framlington ones are both highly rated.
Posted at 03/10/2000 17:13 by red army
The fund manager that was recently appointed to head up this fund has had a good clearout and reshaped the fund.
It looks as though it is currently undervalued and may be worth a punt.
As usual DYOR.
It is interesting to note that there are also warrants available at a "knockdown price" for the less nervous of you.
Perpetual Japanese share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock