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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Japan Resident. | JRIC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 71.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 71.75 | 71.75 |
| Top Posts |
|---|
Posted at 25/11/2015 08:46 by playful Everyone loves JRIC |
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 02/9/2015 08:59 by 4spiel Have held for 2 years and previously posted on LSE. An interesting investment in a balanced portfolio. Yen has fallen 30 per cent against sterling recently. dividend paying unhedged Yen investment - |
Posted at 31/10/2014 10:56 by stemis It seems impossible for JRIC to make any progress against the relentless weakening of the Yen. Exchange rate is now 178, which knocks another 1.7p off the sterling NAV/share. If only I could get a Yen loan from the bank to invest in this....... |
Posted at 23/10/2014 10:54 by masurenguy RNS Number : 0605V23 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 13:29 by masurenguy Like you Stemis, I like quiet threads too ! :-)I think that this is attractively priced at the moment with a shareprice just below NAV of circa 59p and a dividend of 6.4% at the current level. I also like the fact that their gearing is quite low at 52% for a real estate business which will therefore increase NAV by twice the rate of any increase in Japanese residential property prices. I also think that the proposed move to the main market over the next 12 months could have a positive impact on valuation as this will bring the company onto a broader range of radar screens than at present. Obviously the main potential downsides are any fall in the exchange rate of the Yen and any potential interest rate increase in Japan. Howver, like the UK, they have an I imbalance between residential property supply and demand but unlike the UK they are still in recovery mode from the catastrophic property crash some 20 years ago. On balance I currently think that the positives outweigh the negatives and while we wait for a potential re-rating following the proposed main market listing, there is a still a very juicy dividend available to provide an attractive return on the investment here. |
Posted at 24/9/2014 10:25 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.......;-) |
Posted at 19/3/2014 11:47 by dashton42 For those with access, IC again reiterates its Buy advice on JRIC: |
Posted at 20/1/2014 11:16 by dashton42 JRIC gets a brief mention in Investors Chronicle today, with a reiteration of the Buy advice: |
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