Japan Residential ORD 10P Share Discussion Threads

[ryandj2222] 13/11/2015 08:31

Not sure whether to sell or hold on for a better offer! Bird in the hand...

[zouppy] 13/11/2015 08:23

That makes for a nice Friday. Leaves the (nice) challenge of where to place the proceeds as the number of well priced, real asset backed yielding stocks is getting shorter.

[lord gnome] 13/11/2015 08:15

You lucky people. What a nice bit of news for a dull Friday. That's Christmas paid for! On my watch list for over a year, but never got round to buying any. I am destined to remain poor.
If the portfolio is suddenly worth 72p per share, it makes you wonder about the accuracy of the company nav statements.

[martincc] 13/11/2015 08:13

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?

[woodcutter] 13/11/2015 08:11

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

[battlebus2] 13/11/2015 07:44

Well done Woody and playful et al....

[shauney2] 13/11/2015 07:32

No,a nice premium.I think i'm pleased.

[ryandj2222] 13/11/2015 07:28

That'll do nicely thanks. I'd be happy to continue holding for dovish as well but not a bad offer.

[martincc] 13/11/2015 07:21

Didn't see that coming, 72p

[jimcar] 13/10/2015 16:03

"looking forward to the day the yen begins it's appreciation in value against the gbp"

This has already started hence the comment in the RNS on the NAV "and 1.1 pence of net foreign exchange gains "

Should be further to go though

[woodcutter] 13/10/2015 14:43

added to my holding again today. looking forward to the day the yen begins it's appreciation in value against the gbp. i see it as a currency play with a 6% yield thrown in for free.

woody

[woodcutter] 15/9/2015 12:36

added a couple of times over the last few sessions. eventually the exchange rate will turn, waiting game, patience.

woody

[4spiel] 02/9/2015 08:59

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 -

[woodcutter] 31/7/2015 15:13

that's two nibbles now!

Some thoughts on why i've invested despite the Trust trading at a small premium.
The exchange rate can work both ways. With property prices allegedly rising and the olympics a few years way coupled with a weak yen there's an opportunity for external investors to buy property at a discount relative to the US$ or £GPB/Yen exchange rate.

As we've seen in London (a safe haven for dubious investment proceeds) this inflow of money can drive prices up and consequently the trusts NAV. So what may appear as a premium now could well be a significant discount in time. I suspect this won't happen as the share price will appreciate in time too, buyers are already becoming aware of the opportunity. Okay the downside is that the rent revenue is in yen and translated back into £GPB it looks less attractive.

Nevertheless the Yen won't stay at this level forever and for the long term patient investor a 6% yield provides quite a bit of comfort.

Whether property prices were inflated or not in the past, history of the major economies tells us that they do recover to past levels and there's some way to go before they reach these historic levels.

Despite having some UK property, overseas property investment is outside my normal comfort zone. Nothwithstanding a small punt seems worthwhile. If i've missed something i'll gladly bow to the greater knowledge of those property investments gurus out there.

There may be a lot more to it than this but with QE and deregulation and reform of the Japanese markets etc maybe the timing is right.

Any thoughts on a placing to raise cash to buy further assets?



Woody

[woodcutter] 31/7/2015 14:49

Had a little nibble here today

this helped

hxxp://www.morningstar.co.uk/uk/news/136345/3-reasons-to-invest-in-japan.aspx

bb2 you do get around old chap!

woody

[battlebus2] 28/7/2015 09:28

Indeed playful, thanks for highlighting.

[playful] 03/7/2015 09:04

I bought here today as I feel it will act as a good anchor for my Portfolio and with the run up to the 2020 Olympics adding a feel good factor this should do very nicely...

Oh.. and don’t we all love a quiet board.

[edwardt] 23/3/2015 17:24

well it is certainly coming alive - next stop 60p

[edwardt] 14/1/2015 11:15

wakey wakey- yen rallying and market makers have no stock.

[edwardt] 12/1/2015 11:24

i have this on a 9 discount - way too cheap imo.

[scbscb] 09/1/2015 19:49

No hedging will never always be the right option, but should be used when circumstances appear to warrant it. The Yen could remain weak for a while yet (although it is probably under valued on purchasing or fundamental value. Why? Because the Bank of Japan keeps on pumping out billons of new Yen with QE. Although to what purpose, because interest rates can't go lower, it does increase the number of Yen in circulation and of course devalues the currency. The € has also been weak on speculation the ECB will embark on a huge QE programme again European interest rates can't be reduced by a noticeable amount. In these strange markets fuelled by QE and too much money investors can't go against the might of central banks. Japan would be better served by reforming its economy and deregulation but that is difficult and would be unpopular in the short term so politicians will settle for an easy short term sugar rush of more QE.

Jeff

[topvest] 05/1/2015 21:04

I agree that hedging the currency risk is not always the right option. I'm sure things will go the other way at some point and we will all be pointing out how clever the Board were. Hedging now is too late.

[ianhamo] 05/1/2015 19:48

The Housecrowd.com

[coolen] 05/1/2015 19:08

Does this really qualify for IHT relief, as stated above ?
I thought property and investment companies were excluded.
I agree it is a waste of shareholders' dosh to elevate this one to the main market, unless there's institutions waiting to invest.

[edwardt] 05/1/2015 17:00

yen is not a one way negative bet- yen rally is one of my 'surprises' of the year. this will do well as a result.