Jpmorgan American Invest... Share Discussion Threads

[nil pd] 13/1/2014 15:44

Nothing to say - buy with profits and hold!

Good luck!

[r ball] 12/1/2014 13:27

30% return over a year and not one single comment from another poster. what is wrong with you lot???

[r ball] 09/3/2013 06:40

fantastic chart!

[northernlass] 31/5/2012 15:45

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.

Source:



P.S.

Here's a couple of links about SCLP, one of the hottest stocks at the moment:

[nil pd] 02/1/2009 17:37

OP-ED CONTRIBUTOR
Buy American. I Am.
By WARREN E. BUFFETT
Published: October 16, 2008
Omaha
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So ... I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Why?
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.
Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.
Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.
Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company.
More Articles in Opinion » A version of this article appeared in print on October 17, 2008, on page A33 of the New York edition.

hxxp://www.nytimes.com/2008/10/17/opinion/17buffett.html

[chrisgail] 09/8/2008 14:03

Dollar rising, banks recovering, America ahead of the cycle, where else would you want your money than here?

[grantclarke] 06/4/2004 12:25

THE NET ASSET VALUE IN PENCE FOR 5TH APRIL 2004 WAS:


JPMORGAN FLEMING AMERICAN INVESTMENT TRUST PLC: 597.61
_______________
_______________

Can anyone briefly explain this to a beginner please.
If the current price is 525p, does this mean it's undervalued?
Lost...

Thanks

[yiyack3] 05/3/2004 23:04

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!

[and1] 05/3/2004 11:19

they claim in their note today that they have been hedging against dollar weakness since last novemeber- i hope they have been betting in the right direction.

i am still surprised that given the consolidation phase of the us markets that jam has not risen closer to its nav. same problem with polar capital which also looks paralysed like an animal staring at a car's headlights.

[weemonkey] 20/2/2004 10:43

the funny thing is that I actually rang them and they claimed that this trust had not underperformed the S&P. but if you flag the chart of this trust up against a chart of the S&P its underperformance is plain to see. especially in the last 12 months. Dollar weakness against sterling certainly does not explain it all.

[rhl1] 17/2/2004 19:34

Not very good

[weemonkey] 23/1/2004 10:28

dollar weakness does not help either of course

[weemonkey] 20/1/2004 09:21

if you go to Jp morgan's site. they make no apology for the underperformance. the problem is that the company has chosen to be in stock that has in the months since the end of the war underperformed the market. they say that they are sticking with this strategy and feel sure that their stocks will come good. the price of this investment trust will therefore not really motor until the underying assets do. As proof of this the discount to net asset value has remained stable.

[and1] 19/1/2004 13:54

looks like its moving finally, having formed a solid base at the 525 level. A push through 550 should target 575 and eventually 600+ in the short to medium term as wall street consolidates in the 10000 - 10800 area.

[weemonkey] 15/12/2003 17:24

I totally agree bought these to capitalize on american recovery and the underperformance has been appalling

[and1] 03/12/2003 14:55

Either:
i) investors are not connecting JAM to the US stock market
ii) investment manager must be investing in utilities or defensive stocks or holding cash
iii) market makers are incompetent or doing funny spitzer stuff

but what explanation is there for JAM's dismal performance, even my granny has done better in the last 6 months and she cant spell stock markit.

[nevada] 27/2/2003 12:11

maestro.

Jeezus maestro you`ve started more threads than there are names in a phone directory.

You`re a frigging imbecile LOL

[maestro.] 26/2/2003 21:15

war protests go cyber....

[jl202] 16/8/2002 16:14

Picking up at the close with the yanks open,,

[jl202] 16/8/2002 09:34

Why is this down today?

[harvester] 07/11/2001 10:30

Lots and lots of Jam—Yippy !!!

So Alan has given them what they all wanted. Interest rates in the US down by 0.5% to 2% . Four more reductions like that and then everybody can afford to borrow a little money . Rumour has it that contingency measures are being taken by the banks to meet the huge demand when interest rates are reduced to zero . The measure most favoured by economists is to simply let people withdraw money from bank cash machines without pincode . It is suggested that that would boost consumer confidence and stimulate a little spending (except in Japan ) .

Here is a little bedtime story to explain it all to the kids :

The man in charge of all the money asked the people: “What do you want ? Money today or money tomorrow . They all shouted : “Money today,please” . Then the brokers asked them : “which companies do you want to buy with your money ? The ones giving a little jam today or the ones promising lots of jam tomorrow ?” -- They all shouted back : “The ones promising lots of jam tomorrow “ . So they did and spent all their money . Then they said to the man in charge: “We are hungry . What are we going to eat ?” . And guess (well done, you have guessed it !) he said : “ Jam , of course . Tomorrow . If there is any . “

It’s a fairy tale , of course. Not like in the real world . In the real world most of them spent their money on the companies promising lots and lots of jam ten years after tomorrow . Adults are so clever . If only the kids knew !