Share Name Share Symbol Market Type Share ISIN Share Description
Invesco Japan Discovery Trust LSE:IJD London Ordinary Share GB0004531108 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 79.11p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments - - - - 22.95

Invesco Japan Discovery Trust Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
02/8/2007
14:44
NAV with debt at par value Undiluted (pence) INVESCO Japan Discovery Trust plc Note 2 87.05
haveagoodday
02/8/2007
14:39
INVESCO Japan Discovery Trust plc HEADLINE: ReconstructionIn my Chairman's Statement on 19 October, included within the Annual Report and Accounts, it was stated that: ``Our results yet again demonstrate the extreme volatility of our asset class. It is a problem that concerns the Directors particularly when considered in the context of the narrow market which often exists in the shares of investment trusts of our size. Whilst constantly looking for means of reducing volatility it is hard to escape the conclusion that this would involve modifying the investment mandate which shareholders have given us.''Following the release of that statement and further volatility reported at the time of our interim results on 29 March 2007, after considering a range of options and consulting with the major shareholders, your Board has concluded that a reconstruction of the company would be in the best interests of all shareholders. The reconstruction will involve shareholders being offered a choice of rolling over all or part of their investment into an INVESCO managed open-ended fund investing in Japanese small companies or to take cash. The Board will write to shareholders as soon as practicable to seek their approval for these proposals.
haveagoodday
01/8/2007
23:10
Hiroko Ota, Japanese Economics Minister "The losses in the Upper House election have made it even more difficult to build a firm base of growth...We can't survive an era of falling birth-rates and aging population and globalization...without boosting economic growth and fiscal rebuilding...The end of deflation is in sight, but (the economy) has yet to escape from it completely." – July 31, 2007
kiwi2007
13/7/2007
15:20
Yes, rising interest rates should help to bolster the Yen. The issue now is not about the performance of the small cap indices (which has been positive of late), but all about the relative strength of the currencies. Commentators have been talking about the Yen carry trade unwinding for some time, so the expected further move in interest rates could make for an interesting situation over the next couple of months.
nigelwestm
13/7/2007
12:54
NAV with debt at par value Undiluted (pence) INVESCO Japan Discovery Trust plc Note 2 88.23 ___________________________________________________________ the chart is showing signs of finding support at last. Fingers crossed anyway. N225s rise last night has helped. Rise in interest rates to .75 should be odds on in Aug now.
tiraider
12/7/2007
07:25
Yesterdays print edition of the FT had an interesting 1/3 of a page article on Japanese markets suggesting that 2008 or possibly late 2007 would be the time to invest in this paticualr market.
kiwi2007
10/7/2007
08:22
I see. Stupid as well as ignorant. OK, I'll spell it out for you. My point was that while it is well known that there is a Richter scale for earthquakes, I hadn't realised that Richter had also come up with a scale for the carry trades phenomenon as you suggest in post 48. Your use of such terminology betrays the fact that you don't know what you are talking about. Geddit? Anyway, you are now filtered. Ahhh... bliss...
nigelwestm
09/7/2007
23:30
NigelWestM - 9 Jul'07 - 18:45 - 49 of 50 "carry trades richter [sic] scale"??? ---------- WTFAYOA ? http://en.wikipedia.org/wiki/Richter_scale No matter mate filter away? However, I do appreciate you must be a bit touchy what with the bundle you're dropping on these ;-)
kiwi2007
09/7/2007
17:45
"carry trades richter [sic] scale"??? I didn't realise Mr Richter was so multi-talented. Your peculiar terminology betrays your ignorance. Think I'll filter your posts in future.
nigelwestm
09/7/2007
17:35
"By the way, a rise from 0.5% to 0.75% isn't miniscule." On the carry trades richter scale it registered as a sparrows fart.
kiwi2007
09/7/2007
14:42
"However, not until their rates rise and ours fall and that could be some time away." That statement in post 38 suggests to me that you thought Japan rates hadn't been increasing Kiwi. By the way, a rise from 0.5% to 0.75% isn't miniscule. It's a rise of 50%. I hope you haven't taken a mortgage out recently, with your kind of logic.
nigelwestm
09/7/2007
14:17
GB it was an obscure reference I read some months ago where first of all he said he wouldn't tell, but later clues led to the Yen. Sorry I can't remember the article. _______________________________ GB I should have said overall exporter. No oil as far as I know.
tiraider
09/7/2007
14:07
A net exporter? I had always thought that Japan had virtually no oil reserves? I will take a closer look.
gb904150
09/7/2007
14:06
Nigelwestm1 - I'm well aware that their rates have been rising however the ammount is miniscule. See http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/14/twelve_month.stm for the effects on it's currency. And that's just the last 12 months - IIRC the yen was 175 to the £ prior to that.
kiwi2007
09/7/2007
14:03
tiraider - just wondering, where had you read that Senor Buffett is buying Yen? I know he was said to be accumulating a currency he felt was undervalued, but it could easily be the CAD as the JPY.
gb904150
09/7/2007
14:00
GB I am still amazed that Japan, importing almost all of its oil (currently at $73/barrel) is not also importing inflation. At some point it will, which the BoJ will have to combat with higher rates. ____________________________________________________ That's because it is a net exporter! Completely agree with your comments. Although currently weak, the Yen is a safe haven currency for the global economic turmoil that is in prospect.
tiraider
09/7/2007
13:51
Kind of..... Our interest rate is high to compensate investors for the £s weak fundamentals (large current account and trade deficits) and high inflation (4.5%). Our real rate of 1.25% is not massively higher than that of Japan's (0% inflation, 0.5% real rates). The BoJ meets on Thursday to decide on rates. It is likely they will rise by .25% either then or in August due to rising business confidence and spending. I am still amazed that Japan, importing almost all of its oil (currently at $73/barrel) is not also importing inflation. At some point it will, which the BoJ will have to combat with higher rates. Deflationary spirals take a long time to shake off. We'll likely find that out first hand in the UK before too long.
gb904150
09/7/2007
13:48
kiwi....yes and no! The problem is the carry trade that is being utilised by hedge funds. Borrowing in Yen and lending in USD (primarily). Recently a number of hedge funds have collapsed due to the US subprime market problems. That's an ongoing story and is likely to get worse as 2 and 3 yr fixes mature this autumn, winter and next spring (many more than so far). As the affected hedge funds are forced to unwind their CDO's, the Yen could rise in value very quickly (for anyone who's interested, even Warren Buffett has taken a position in Yen v USD). Credit is likely to get dearer and companies / countries (therefore currencies) with debt, being affected (share prices and currencies). The country owing the most is the US. The second on the list is the UK.
tiraider
09/7/2007
13:42
Er... their rates have been rising. From 0 per cent to 0.5 per cent, and 0.75 per cent is predicted soon. Read the article posted above (36).
nigelwestm
09/7/2007
13:32
"A change in the fortune of the Yen should cause some action then?" Yes, maybe? However, not until their rates rise and ours fall and that could be some time away.
kiwi2007
09/7/2007
07:03
Forgive me for stating the obvious. But I would just like to make sure that:this stock is going down because the Yen is falling against the GBP which is outdoing the fact that the Jap stock market is rising? A change in the fortune of the Yen should cause some action then?
webby
08/7/2007
11:28
Japan is hitching a ride with China By Liam Halligan, Sunday Telegraph Last Updated: 12:50am BST 08/07/2007 This Thursday, it's the Bank of Japan's turn to decide if interest rates should rise. But, whatever happens, the world's second-largest economy seems to be sustaining its long, gradual recovery from the stagnation of the 1990s. The closely watched Tankan index of business confidence, published last week, showed a sharp rise in firms' profit forecasts for the rest of the year. In particular, big Japanese exporters are benefiting from the weak yen - now, in real terms, at its lowest for 20 years. In February, Japanese rates rose to 0.5 per cent - the second increase since the infamous zero-rate policy ended in July 2006. And with the economy set to expand by 2.6 per cent this year, rates will soon hit 0.75 per cent. If that doesn't happen this week, Bank of Japan Governor Toshihiko Fukui may signal a rise in August. Japan still has serious problems. The consumer price index just fell marginally - a chilling reminder of the deflationary spiral which once dragged the economy down. But the Land of the Rising Sun should continue its long march back to rude health. That's because China has recently usurped America as Japan's biggest trading partner. So even if the US hits the skids, an ongoing Asian boom will keep Japan on the mend. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/08/ccliam208.xml
haveagoodday
19/6/2007
21:43
GB I have a very small holding in this one. If you really want to compare funds I think you should make an effort to see the fund managers. Otherwise you can only compare stats. Sounds like you're doing all the right things anyway. These small caps are bound to be affected by the larger indices; the N225 has just pushed through 18000 and held for a day, a good sign. Personally I think the Japanese stocks are more likely to be affected by the value of the Yen though. You may find more answers in the forex markets. The USD is some trouble and at some stage this carry trade will reverse and it is thought that the Yen will be a big benficiary. Capital flows are not likely to go into deposits at 0.5% or bonds, so the stock markets are the most likely recipients. But you probably know all that anyway. All in my very humble opinion of course. Your results will be welcome here, regardless of what they are. rgds
haveagoodday
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