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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jpmorgan Japan Smaller Co Tst Plc | JPS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 561.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 561.00 |
| Top Posts |
|---|
Posted at 17/12/2020 10:23 by panshanger1 Half year results out Great performance from this under appreciated trust !!Ticker and name change from today to reflect newish dividend mandate JSGI |
Posted at 23/9/2020 13:12 by panshanger1 Continues to perform well and a nice counterbalance to carnage in uk smaller cos IT sector I exclude montanaro from that which has held up well Also still holding EAT which has also been well behaved All 3 come with excellent dividend |
Posted at 03/3/2020 11:46 by panshanger1 Looking good value at this level with a large discount to NAV and an under appreciated dividend |
Posted at 09/1/2020 16:26 by robow from Investment Trust InsiderIan Cowie: it’s time to add a new Japan trust as Shin Nippon goes off the boil Ian Cowie: it’s time to add a new Japan trust as Shin Nippon goes off the boil Do investment trusts with the word ‘income’ in their name bribe shareholders with our own money, turning today’s capital into tomorrow’s yield at the cost of lower total returns? Where can British investors seeking international diversification find good value after the longest bull run on record? What should long-term investors do when a favourite fund suffers short-term setbacks? These are three of the questions I wrestled with before adding another investment trust to my portfolio. The first question has widest application for anyone who suspects the current dominance of ‘growth’ funds and shares - whose main aim is capital gain - over ‘value’ funds and shares - which usually pay decent dividends - cannot last forever. Digital disruptors often offer low or no income but have shot the lights out with the highest total returns in recent years. By contrast, high dividend yields have often indicated value traps. But a trend is only a trend until it stops. Dreams of capital gains can disappear in an instant - or a profits warning - but the discipline of dividends - or investing for income and being paid to be patient - can help us cope with with stock market shocks. That’s why this DIY investor, who hopes to fund retirement, has tended to favour shares which pay some income. Until recently, that ruled out one of the largest economies in the world - which also happens to have missed most of the fun in the current bull run. Japan’s best-known stock market index, the Nikkei 225, is still trading at not much more than half the peak it hit 30 years ago. Expressing share prices as a multiple of earnings per share is another way to assess whether a market is cheap or expensive. That can be further refined to take account of recent valuations and produce a cyclically-adjusted price/earnings ratio or CAPE. On that basis, Japan’s CAPE of 22 looks good value compared to America’s 31, according to analysis by StarCapital. Better still, partly in response to reforms introduced by Japan’s longest-serving prime minister, Shinzo Abe, many stocks traded in Tokyo have begun paying dividends. Sad to say, that has not been reflected in returns from my longest-held Japanese investment trust, Baillie Gifford Shin Nippon (BGS), which continues to shun the notion of delivering value to shareholders in the form of dividends. I had better say straightaway this didn’t bother me when BGS delivered terrific total returns of 196% and 677% over the last five and 10-year periods, according to Morningstar via the Association of Investment Companies. But it did begin to niggle when returns fell to a more mediocre 7.2% last year. That made me take a closer look at what is happening in this sector and I noticed that JPMorgan Japan Smaller Companies (JPS) not only delivered a dividend yield of 4.1% but an eye-stretching total return of 32% last year. So the jibe at the start of this piece is not necessarily true. Alan Brierley at the stockbroker Investec Securities explained: ‘JPS adopted a new dividend policy in April, 2018, and aims to pay quarterly dividends equivalent to 1% of the company’s NAV on the last business day of each quarter, giving investors unique exposure to an exciting asset class.’ Against that, Emma Bird at the stockbroker Winterflood Securities pointed out: ‘Despite BGS having underperformed recently, we rate Baillie Gifford’s team very highly and would expect its benchmark-agnostic, growth-focused investment approach to continue to deliver very strong returns for shareholders over the long‐term.R What to do? I have hedged my bets by retaining BGS as a top 10 holding by value in my ‘forever fund’ and, instead of topping it up, added JPS to the mix, buying at 431p per share. With luck, this might give me income and growth. Put another way, when I can’t decide, I can always diversify. Or, as journalists sometimes say, the editor’s indecision is final. |
Posted at 03/7/2018 20:33 by yupawiese2010 Proposing to pay a 4% dividend from capital account. |
Posted at 09/4/2015 12:47 by chrisdonohue Reaching for the skies.JPSS profitable on a 6% increase in JPS in 18 months - a good buy. |
Posted at 23/1/2015 10:51 by davemake I've been a holder for some time now - no 'real' movement in the price of JPS in proportion to actual share prices....Can anyone explain to me why buy JPS for Abenomics reasons, when, at the same time, the GBYJPY exch rate has gone from circa 120 to 190 (60% increase?. Thereby de-valuing the underlying Japanese share prices in proportion. Yes, Japanese share prices have increased, but exch rate has suppressed any real increase in JPS value Am I wrong? The same will happen with Dragi's QE? |
Posted at 19/6/2007 00:46 by tacky GB904150'JPS' is an 'Investment Trust' fund, so, unlike Unit Trusts, is traded like conventional ( single company ) shares. The equivalent of the initial ( unit trust type ) charge is, of course, the dealing bid/offer spread. FWIW, I would be more inclined to focus on factors like the price discount ( or premium )to the asset value per share, and the potentially high returns ( and losses ) from this Sector/country, than to be overly concerned with the charges. This is, undoubtedly, a high risk/high reward vehicle. One other point; an at least moderately able fund manager SHOULD be capable of outperforming any related tracker,( and hence, ETF, should there be any.) Any higher charges/costs incurred, would then, surely, be worth paying. Hope this helps; oh ---- and good luck. tacky |
Posted at 17/6/2007 22:25 by gb904150 I like the look of investing in JPS (or another fund for Japanese SMEs) but am finding it difficult to find enough information about the charges - i see from the header there is a 1.25% annual fee - but what about initial fees?Is it bought just like a normal share using ticker JPS? If there are initial charges is this taken out when I make my purchase? i.e. I buy £1k and get charged £50 immediately if it's 5%? Any suggestions as to whether there are better performers out there? thanks GB |
Posted at 10/2/2006 15:37 by easy74 Hi Guys, Can anyone explain what's going on with the share price of JPS?I'm a bit of a novice in this game. Bought in at £4.48....I'm a patient PI but just wanted to klnow the overall picture. All Reply's are welcome.....and sorry for the inconveinence. |
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