|JP Morgan American Investment Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
JP Morgan American Investment News
|JP Morgan American Investment Daily Update: JP Morgan American Investment Trust is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker JAM. The last closing price for JP Morgan American Investment was 380p.|
JP Morgan American Investment Trust has a 4 week average price of 368.44p and a 12 week average price of 366.30p.
The 1 year high share price is 382.50p while the 1 year low share price is currently 269p.
There are currently 276,537,434 shares in issue and the average daily traded volume is 396,180 shares. The market capitalisation of JP Morgan American Investment Trust is £1,046,141,112.82.
|hazl: Hi phil024 see you have done very well here.
Not very into funds and trusts,why is it still a good bet if the NAV is less than the share price can I ask?
Are you still in INTQ?|
|northernlass: JPMorgan American Cashes In
JPMORGAN AMERICAN CASHES IN ON HIGH SHARE PRICE
JPMorgan American Investment Trust is to tap the market with a share placing with professional investors.
The company plans to issue up to 1.19m shares at a price to be announced on Thursday. The new shares to be issued represent around 2.55 of the current issued share capital of JP Morgan American.
The price at which the shares will be placed will reflect the market price of the trust's shares at the time, subject to the condition that the price will be at a premium of at least 1.5% to the net asset value (including income and valuing debt at fair value) per share at the close of trading on Wednesday, May 30th.
Unusually for an investment trust, JP Morgan American's shares trade at a premium to net asset value (NAV) per share. As at May 14th, NAV per share was 852.6p, while the share price was 4.1% higher at 887.5p. As at Tuesday night's close, the share price had moved higher still to 892p.
Shares will be offered on a first-come first-served basis.
Here's a couple of links about SCLP, one of the hottest stocks at the moment:
|yiyack3: There's no doubt that JAM's performance has been rubbish. Several factors to take into account...
If you check its performance against the S&P on Trustnet, we could agree it has not underperformed. The $ has had a big effect but it's only part of the story. EUS is the S&P tracker that is equally affected by the $/£ exchange rate. If you chart the two together you can see the magnitude of JAM's underperformance vs EUS. I think the underperformance against EUS is accounted for by the fact that EUS continues to sell at 4-5% discount to NAV whereas JAM has slipped from trading at more or less parity to a 10% or more discount.
However, to set against this, JAM is said to have gearing of 115%, that should have given us some benefit. But it hasn't. We're asked to accept the extra risk from the gearing - that caused an exaggerated share price loss during the bear market - for no apparent benefit in the recent bull market. Overall it is a dog!|
JP Morgan American Investment share price data is direct from the London Stock Exchange