Share Name Share Symbol Market Type Share ISIN Share Description
JPM Brl LSE:JPB London Ordinary Share GB00B602HS43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -0.18% 70.00p 69.00p 71.00p 70.125p 70.00p 70.125p 82,804.00 11:14:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 0.3 0.5 152.2 26.33

JPM Brl Share Discussion Threads

Showing 226 to 249 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
22/2/2017
10:10
Brazilian Finance Minister Henrique Meirelles said Tuesday the recession affecting the country over the past two years is over and the economy has resumed growth. However, the largest economy in South America is still experiencing the consequences of the long recession, he said. "Brazil is growing today. This is very important because we all went through a tough time when Brazil faced its worst recession in history. But the important message is that the recession is over, though we are undergoing its consequences in many ways," said Meirelles. "It was a long, difficult recession. It has generated mass unemployment. But Brazil has already started growing," he added. Meirelles believes the current growth trend is sustainable as indicators have showed the business sector's confidence has begun to grow for the first time since 2011. Still, many states are faced with a serious economic crisis and depending on federal aid to pay their civil servants.
loganair
09/2/2017
08:55
BRASILIA, Feb 8 Consumer prices rose less than expected in Brazil in January for the fifth straight month, increasing the chances of steeper interest rate cuts and a stronger economic recovery as the inflation rate falls toward the government's long-missed target. The annual inflation rate eased by nearly a percentage point to 5.35 percent in the 12 months through January, below economists' expectations of 5.41 percent, overnment statistics agency IBGE said on Wednesday. Prices rose 0.38 percent from a month earlier, the smallest rise for January since 1994. The surprising pace of the inflation slowdown has boosted consumer and business confidence, helping the economy pull through its worst recession in decades. Lower inflation also comes as relief for unpopular President Michel Temer as he pushes an austerity agenda through Congress. "Single-digit interest rates this year, something that was very questionable until recently, are increasingly feasible," Sandra Pires, chief analyst at São Paulo-based brokerage Coinvalores, wrote in a research note. Banco Fator Chief Economist José Francisco de Lima Gonçalves said he saw room for the central bank to accelerate the pace of rate cuts this month to 100 basis points, from 75 basis points at its last meeting. Most economists and traders still expect the bank to keep its current pace of easing. Inflation is a sensitive issue in a country traumatized by runaway prices in the past. It contributed to the eroding popularity of former president Dilma Rousseff, who was ousted last year, by climbing past 10 percent until early 2016. Slowing inflation should boost Temer's approval ratings from near-record lows even as unemployment remains high, Banco Fibra Chief Economist Cristiano Oliveira said. "All else equal," Oliveira wrote in a note, "Temer's popularity will be up in 2018, an election year."
loganair
06/2/2017
10:22
MoneyWeek - It’s time for investors to head back to Brazil: Brazil’s stockmarket jumped by 40% in 2016; this year, it has already gained 10%. The economy is gradually rebounding from a deep recession, while the impeachment of the former president, Dilma Rousseff, cleared the way for a business-friendly administration led by Michael Temer. All very well, Albert Ramos of Goldman Sachs told the Financial Times, but the market seems to be pricing in a V-shaped recovery that won’t happen. “All sectors are overstretched and need to de-lever.” The International Monetary Fund is pencilling in growth of just 0.5% in 2017. But that may be a bit pessimistic, according to Capital Economics. Investment has dropped so far amid the political crisis and fall in commodity prices that it can hardly decline any more. That removes a big drag on output. The outlook for exports is brighter now that commodities have recovered. Meanwhile, interest rates have been coming down from a ten-year high since October, as the central bank has brought inflation under control. Looser monetary policy is generally good news for stocks, and Brazil is no exception. In every past easing cycle there has been an equity rally of at least 20%, according to Luis Oganes of JPMorgan. The prospect of liquidity entering the economy and market is making up for relatively lacklustre GDP growth. Brazil is also one of the few emerging markets that would be shielded from Trump-induced turbulence in the global economy thanks to its large domestic market, says Goldman Sachs. The government’s gradual progress with structural reforms, notably a public spending cap designed to last 20 years, has also encouraged investors. Brazil remains one of the world’s cheapest stockmarkets, trading on a cyclically adjusted p/e of ten. In short, it does not seem too late to join the party.
loganair
06/2/2017
10:19
President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources say. Temer's centre-right government plans to send Congress a bill allowing 100 per cent foreign ownership of airlines, though investors will be obliged to help expand regional flight services, two sources said. The government will soon propose a bill lifting a ban on foreign investors buying agricultural land in Brazil, on the condition that 10 per cent of any purchase is destined to land reform to benefit landless farmers and peasants, said a presidential aide who was not authorised to speak on the matter. "The initial idea is to reopen regional routes that were abandoned so that they get regular flights again," a source with knowledge of transport policy said on condition of anonymity. Foreign companies currently can hold up to a 20 per cent stake in Brazilian airlines. US carrier Delta Air Lines has 9.48 per cent of Gol Linhas Aereas Inteligentes SA , Brazil's largest domestic airline. Attracting investors to buy into Brazilian airlines might not be easy due to jet fuel taxes and falling domestic traffic due to the recession. Despite huge market shares, Brazilian carriers have struggled to make a profit. Plans to open up land to foreign purchases again, however, are bound to draw plenty of investors in Brazil's expanding agribusiness industry that is seeking new partners. Brazil restricted the sale of land to foreign investors in 2010 due to concerns that countries such as China could take control of large segments of arable land in the midst of a super commodity boom. Companies in Brazil's commodities sector have pushed to review the rules to allow more investment to flow into the country, especially in the pulp, paper and ethanol sectors.
loganair
03/2/2017
10:20
QP - since being listed MIL has been on my watch list. My main worry is many of Myanmar´s challenges and difficulties are similar to those being experienced by Vietnam, mainly corrupution at the highest level. I remember while I was living in Vietnam the sports minister bet $250,000 on a European Manchester United football match. The minister used the ministries, the governments money as his own money and Man United lost. Never mind, the sports minister was still the sports minister the next day.....never lost his job over the bet.
loganair
03/2/2017
09:34
Thank you, loganair! I will certainly have a look at MIL. Fascinating. Best. QP
quepassa
03/2/2017
09:01
QP - I was reading an article about China, the chap said he is positive long term China. Long term being 10 to 20 years, however his preference for short term, the next two years 2017/18 are Russia and Brazil and his speculative preference is Myanmar which I see to be at least a 10 plus year investing period if one does decide to invest. The only company that I can find listed in the UK investing in Myanmar is Mayanmar Investments (MIL).
loganair
18/1/2017
16:22
Worst is over for Brazil's economy, Finance Minister says: The worst is over for the Brazilian economy, which is likely to start growing in the first quarter of 2017 after two years of recession, Finance Minister Henrique Meirelles said in an interview with newspaper O Estado de S. Paulo published on Monday. Meirelles also said the central bank's decision to cut interest rates last week was "solid", technically justified and will help the economy grow quickly. "We are seeing a recovery in the first quarter of 2017," Meirelles said. Brazil's economy probably shrank more than 3 percent for a second straight year in 2016, according to government and market forecasts. With inflation slowing, the central bank cut its benchmark interest rate, the Selic, to 13 percent on Wednesday.
loganair
18/1/2017
15:59
QP - I´ve been reading that from the early 1960´s to 1982 that basically we were in a Bare Market and since then, except for a couple of crashes we´ve been in a Bull Market. Late last year as a percentage the world debt to world GDP breach the high of 2007/2008 and that maybe one of the big pension companies goes bust will be the catalyst for the next crash.
loganair
12/1/2017
17:22
Brazil's central bank cut interest rates by 75 basis points on Wednesday, surprising markets with a more aggressive rate cut. In a unanimous vote, the bank's monetary policy committee, known as Copom, decided to lower its benchmark Selic rate to 13.00 percent - its lowest in nearly two years - after two straight cuts of 25 basis points each. In a strong message to start 2017, the bank said inflation appears to be converging to target and growth remains weaker than expected. The cut was the deepest yet of the current easing cycle, which began in October last year. While inflation has hit its slowest level in over two and a half years, high debt levels and waning confidence among both businesses and consumers still hinder the recovery of an economy mired in deep recession. The central bank said in a statement accompanying the decision that it had established a "new rhythm of easing" given the anchoring of inflation expectations, widespread disinflation and economic activity that remains short of expectations. President Michel Temer expressed his "satisfaction" with the bank’s decision, according to the presidential spokesman, Alexandre Parola. The cut "reinforces the president’s conviction that the elements are in place for a recovery of economic growth and the creation of new jobs in the course of this year," he said. Investors also welcomed the bank’s decision, with the iShares MSCI Brazil Capped ETF rising as much as 2.6 percent after the announcement. Swap rates in contracts maturing in Jan. 2018 fell 37 basis points on Thursday morning as traders began pricing in some three additional Selic cuts of 75 basis points this year. "The bank indicates it should keep this pace of easing for at least the next two meetings," Andre Perfeito, chief economist at Gradual Cctvm, wrote in a research note. "It is reasonable to imagine that we can have a key rate very close to one digit by the end of this year." Consumer prices rose 6.29 percent last year, compared with 10.67 percent in 2015, the national statistics institute said in a separate report earlier on Wednesday. The inflation slowdown has been sharper and more widespread than anticipated. The central bank "made it very clear that it sees a better inflation and exchange rate outlook and worse activity which made them opt for a more aggressive cut," said Luciano Rostagno, chief strategist at Banco Mizuho, in an interview after the decision. "The bank is setting a new rhythm for rate cuts and it will continue unless some unfavorable factor arises," he said, citing as an example a possible depreciation in the value of the real after U.S. President-elect Donald Trump takes office.
loganair
11/1/2017
18:17
Fully concur. On the one hand, Western countries need inflation to reduce their enormous debt piles but inflation is also very politically unpopular. The recent Fed tightening has caused no hiatus and the likely further small incremental increases in rates look priced in. My perception is that major banks (excluding Greece and Italy) are well capitalised and that the EEC still fudges bank recapitalisations in the Euro-Zone. My own view of the "elephant in the room" is the potential disintegration of the EEC with France, Greece, Italy, Netherlands following Farage's lead. That would cause a major global shock and this is why Merkel et al are keen perhaps to make an example of the UK in how hard and detrimental it is to quit the EEC. I rate the falling-apart of the EEC as a 50/50 chance over the next decade. That would cause a bit market rumpus. Otherwise, my personal view is that Trump (the most pro-business President surely ever to be elected) will cause a massive economic boom State-side and rebuild the USA infrastructure which is now very tired and dated and thereby stimulate global growth enormously. Trumponomics have already started to cause commodity prices to rise and the warmth of relationship with Russia seems to stimulate that economy. OPEC countries will soon start reaping the financial benefits of higher oil and look also to invest. Personally, I am pretty upbeat since Trump won and at this point in time cannot see any massive bubble on the horizon which may implode. Who knows? Seems to me that money is going back into financial assets and markets are generally all rallying. Great to exchange views with you. Cheers. QP
quepassa
11/1/2017
17:57
When it comes to defaulting due to interest rates, Russia´s has always been much higher than in the West and therefore in my opinion I do not even look at that as a possible problem as they are on their way down. When it comes to interest payments, due to them currently being so low a small rise is a large rise in percentage terms. The Global Risks Report 2017 says the greatest threats to the global economy are posed by unemployment or underemployment, fiscal crises and asset bubbles in the main economies. Failure of the major financial institutions, unmanageable inflation, and the shortfall in critical infrastructure are among the most significant concerns, according to the WEF.
loganair
11/1/2017
17:50
I do agree that rising interest rates can hurt but from my personal experience, rising interest rates tend to dampen economic activity, reduce high street sales and turn economies sluggish rather than cause crashes. Unless there is a major default caused by unsustainable interest rates such as Russia at the time of the LTCM blow-up which spooked/disrupted the markets leading to LTCM's failure rather than causing an outright crash. With interest rates at microscopic levels, those friends must have enormous multiples on their LTV's! But generally mortgage lending since the 07/08 crash has been against tightened lending criteria. In terms of the high FTSE100 PE ratios, you are right but this is mainly perhaps considered an aberration caused by the recent very weak earnings from certain major commodities companies which comprise a large part of the index. The Industrials are generally in rude health and set to boom on the back of growing exports due to sterling weakness. Who knows? As always, fascinating to have an intellectual exchange and I really appreciate your views. QP
quepassa
11/1/2017
17:32
QP - Crash this time maybe caused by the massive debt many people and governments are in. Many of my friends who have mortgages can barely afford the interest payments and are terrified about how they will pay when interest rates start to rise. I´ve been reading that currently the FTSE 100 is trading on a PE of 34.7 which is twice the historic average.
loganair
11/1/2017
15:51
2017 World Bank GDP Forecasts For Select Emerging Markets: Brazil: 0.5% Russia: 1.5% India: 7.6% China: 6.5%
loganair
09/1/2017
07:57
loganair. re 214. history shows that markets rise and crash. so at some point a crash will likely come but whether that's in 2, 5, 7 years, who can say? but recent crashes like the dot.com bubble and the collateralised mortgage madness and subsequent Lehmans collapse were things which clearly precipitated a crash. what specific drivers/markers do you perceive please at this point in time as leading to your eventual crash scenario? QP
quepassa
05/1/2017
16:35
Great day for JPB at +4%. QP
quepassa
21/12/2016
16:06
QP - I ask myself what annunition do the Central Banks have left, interest rates are already very low, we´ve seen QE and bond buying and we are in a low growth environment, governments are up to their eye balls in debt. When interest rates start to rise, even modestly people hold so much debt how are they going to pay the interest. I remember many years ago when I first took out a mortgage the bank would only lend if I was able to pay 12% interest rate as at the time the mortgage rate was 8.5% and rising very fast. I also hear that some mortgage lenders are again offering 100% mortgages, when I took out my first mortgage the maximum a lender would lend is 75%. I agree about commodities, however China takes 70% of the Iron Ore mined, I´ve also been reading that in the next few years we´ll reach peak oil demand, especially when more electric cars come on line is why I think the Saudi´s have started to sell Saudi Armaco knowing that we´re near the top of the market and therefore will command the highest price. I hope you agree at some point in the future there will be a market crash as we can´t be in a Bull market for ever and can easily see a very top of the market to the bottom of 50%.
loganair
21/12/2016
06:22
loganair, prefer not to answer personal questions please. but what would precipitate your 50% crash scenario? Western banks are generally well capitalised. are there any extreme financial bubbles which are forming? some markets are high but certainly not stratospheric. many markets are low. commodities are low. we have a pro-business USA government.interest rates are microscopic. growing oil receipts with WTI at $54 will start helping many economies like Russia and Brazil. USA is going to rebuild infra-structure which will stimulate global trade. - And governments just keep on printing more money. I see no LTCM, mortgage-backed madness, over-leveraged banks, sky-high interest rates, bubble sectors. -The FTSE Index is still roughly the same level as 17 years ago in 2000. - Room to grow perhaps. So where are those particular warning signs please for any 50% crash? A geo-political or fat-finger or bot-driven short-term, short-lived flash-crash is one thing. But what in your opinion please are the current specific warning signals for a longer-term, more pervasive general market crash by 50% which you mention? ALL IMO. DYOR. QP
quepassa
20/12/2016
19:44
The people on the sha thread are very bullish though. http://thesovereigninvestor.com/exclusives/dow-50000/
hazl
20/12/2016
16:33
hazl - The ultra rich know, see it coming as it seems to me they are the ones who cause the bear markets in the first place, often selling out a few months before the market turns and saying what good investors they are. All I will say is in my opinion when it comes I am expecting a collapse of at least 50% or more from what ever the high is as the Central Banks have very little ammunition to fight it with this time round.
loganair
20/12/2016
16:14
I think the next bear market could start as early as March 2017. But who knows?
hazl
20/12/2016
16:09
Brazil’s Finance Minister, Henrique Meirelles, said on Monday that the government expects Brazil will register some growth already in the first quarter of next year. “Our expectation is that Brazil is already working with growth in the first quarter of 2017,” said Minister Meirelles during a conference in Rio de Janeiro. According to Meirelles the government is forecasting a two percent GDP growth in the comparison of the last quarter of 2017 with the last quarter of 2016. Financial institutions surveyed by Brazil’s Central Bank, however, are not that optimistic. The entities forecast of the GDP for 2017 of 0.58 percent. The finance minister noted, however, that GDP forecasts are an average of 2017 compared to an average of 2016 and since in 2016 the GDP fell a lot, the 2017 ‘growth trend’ will start from a very low base. Personally I think that Brazil is around 9 months behind Russia in coming out of its recession and therefore, at this current time it seems to me Brazil (JPB) maybe a better investment than Russia (JRS). Saying this however, I will not be selling down any of my investment in JRS as I think that Russia still has a long way to go as a commodity play as well as an easing of sanctions and the continuing reform of the Russian economy.
loganair
19/12/2016
17:06
Brazil’s farm economy will rebound in 2017 with a record harvest pushing up grain exports and expanding the country’s livestock industry, according to analysts’ forecasts. An estimated record grain harvest of 213.1 MMT would be 14% larger than last year, when crops were devastated by drought, according to Brazil government estimates. The harvest will start in January. According to another Brazilian marketing firm, SAFRAS & Mercado, Brazilian soybean production in 2016/17 could increase by 9.2% to 106.085 million tons, according to news reports. That would be roughly 4 MMT higher than USDA’s estimates. While poultry production is expected to rise by 5%. “Agribusiness points to a positive performance in 2017 because of the improved agriculture revenue. We have relatively stable prices ahead … and we have increased grain production," the managing partner of MacroSector, Rabo Silveira. “Agribusiness has a very good scenario for a year in which the economy of the country will go sideways. It is not that agribusiness will be immune, but it has some rules of its own,” Silveira says.
loganair
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