Share Name Share Symbol Market Type Share ISIN Share Description
JPMor Indian LSE:JII London Ordinary Share GB0003450359 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -9.00p -1.53% 579.00p 579.00p 580.00p 590.00p 579.00p 590.00p 88,809.00 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -2.2 -2.2 - 614.57

JPMor Indian Share Discussion Threads

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Hi, can anyone point me towards new ticker for Indian ticker please.Thanks
This is heading towards the magical £7.00 which is very impressive. What growth and what performance! Of course STERLING weakening has a serious impact on this excellent performance.
Excellent article. Thanks. Could not agree more with it. For those who invest in India, the returns over the next 5 years, 10 years and 20 years are going to be mindboggling. Some serious wealth creation can be achieved over these time frames.
Here's Why You Should Get Excited About Investing in India's Economy - by Kim Iskyan (founder of Truewealth Publishing, an independent investment research company based in Singapore.) China is Asia's 800-pound gorilla. But another Asian giant is home to the world's fastest-growing large economy: India. And as India's economy grows, it will be getting more attention, especially when it comes to the tech revolution currently underway there. As a reminder: India has the world's second-largest population and and now has the world's seventh-biggest economy. Its economy was about the same size as Brazil's in 2015 (and has now surpassed it), and is larger than Russia's. Overall, India is still very poor, though. Even though it has a $2 trillion economy, it ranked 145th in the world last year based on per capita GDP. But extreme poverty in India has dropped sharply. According to consultants McKinsey & Company, in 1994, 45% of India's people lived in extreme poverty. By 2012, that number had dropped to 22%, or 270 million people. India's Forecast Economic Growth: Over the next five years, it's projected that India's economy will grow faster than any other large economy. This rapid growth should slowly help to take care of India's high levels of poverty. To help give some context to India's economic growth and size, McKinsey also compared the GDP of certain countries in 2014 with the projected size of India's largest cities' economies in 2030. Based on current estimates, by 2030 the third-largest city in India, Delhi, will have an economy the size of the Philippines' economy in 2014. By 2030, Mumbai's economy will equal the size of Malaysia's economy of two years ago. And the western Indian city of Ahmedabad will have an economy as large as Vietnam's was in 2014. Explosive Growth Coming for India's Technology Sector: Technology is set to lead India's economic growth story. There are already more than 1 billion cell phone users in India. With 462 million users, it also has the world's second-largest online population (after China). These huge numbers of mobile and internet users are laying the foundation for explosive growth in mobile internet, digital payments, cloud computing and the internet of things, among other technologies. When it comes to India and China, it can be hard to wrap your head around the numbers because they're so big. For instance, 10 billion appliances, mobile phones and tablets connected over the internet -- in a single country -- is a hard number to grasp. But it's very big. If these technologies are adopted as predicted, they will have a major impact on India's economy. According to McKinsey, they could add $500 billion to $1 trillion to the economy each year by 2025. That would equal 20% to 30% of India's incremental economic growth from 2012 to 2025. India still has to overcome some enormous challenges before joining the world's economic big leagues. So, even though it has great long-term growth prospects, it will be a bumpy road and may not be the best investment for everyone's portfolio right now. But when it comes to investing, if you get the big picture right, it helps a lot. And the long-term outlook for India is very bright right now.
This really needs to consolidate at around the £6.50 before any big move can materialise.
Yes ..doing very nicely
Here comes £6.50p and just look at my post from 28.07.16. I was bang on the money with what I thought would happen. Once £6.50p is hit it will consolidate at around the £6.40p level before making a move for £6.75p which is going to be tough as their may well be a sell off with profit takers as huge profits on this one.
India shines amongst emerging economies by Simon Crinage: It has been a torrid two years for emerging market investment as falling commodity prices and the prospect of higher interest rates in the US have helped cause an ebbing of the flood tide of money that once poured into what were seen as tomorrow’s giants. The lustre of China, Russia and Brazil has been dulled by global uncertainties and geo-political tensions. We believe one exception stands out – India. As a commodity importer, it benefits from lower prices for natural resources and the programme of economic reforms is attracting favourable attention round the world. According to the World Bank, growth this year will be more than double the average for emerging market and developing economies. Emerging-market difficulties: Perhaps it is a sign of how far the emerging market star has fallen that the International Monetary Fund (IMF) devoted an entire chapter to the difficulties of the emerging economies in its World Economic Outlook in April. Noted the IMF: “A number of large emerging markets – including Brazil and Russia – are still mired in deep recessions. Others, including several oil-exporting countries, also face a difficult macroeconomic environment with sharply weaker terms of trade and tighter external financial conditions.” It added: “The rebalancing process in China may be less smooth than assumed”, whilst at the same time it has cut its growth forecast for South Africa for this year and next. Brazil, Russia, China and South Africa are four of the so-called BRICS countries, the fast-growing quintet that once seemed irresistible to western investors. The ‘I’ stands for India, one country that appears to be bucking the trend and becoming something of a standard bearer for those emerging and developing markets that are showing themselves resilient in the face of current challenges. Drivers of growth: The World Bank identified India, as an emerging market that was benefitting from “low energy prices and modest but ongoing growth in advanced economies”. It added: “Thus far in 2016, economic activity – led by India – has remained robust, supported mainly by domestic demand… Domestic demand will continue to be the main driver of growth.” This is likely to be welcomed by those who have argued that a major engine of the country’s expansion going forward will be satisfying the needs of India’s burgeoning middle class. In its World Economic Outlook in April, the IMF wrote of India: “Growth will continue to be driven by private consumption, which has benefited from lower energy prices and higher real incomes. With the revival of sentiment and pick-up in industrial activity, a recovery of private investment is expected to further strengthen growth.”Meeting the aspirations of this growing middle class is a key aspect of the economic policy of Prime Minister Narendra Modi and his colleagues. The manifesto on which his BJP party was elected in 2014 included a pledge to nurture middle class “talent and purchasing power”, acknowledging that: “Having moved out of poverty, their [middle class people’s] aspirations have increased. They want amenities and services of a certain standard.” A growing appetite for consumer goods, linked to the Modi government’s commitment on infrastructure spending and economic reform, has focused the attractions of investment in India in a range of sectors, including food, fashion and civil engineering. Reforms, both proposed and enacted, are wide-ranging from administrative changes to streamline the process of starting a business to new bankruptcy laws, that create for the first time a national insolvency regime that should speed up the process of corporate restructuring. 30 key reforms: Restrictions on foreign ownership in a range of industries, including construction projects, coal mining and retail e-commerce, are being removed. The Center for Strategic & International Studies (CSIS), the Washington-based think-tank, has listed 30 key reforms in Mr Modi’s in-tray when he took office. Seven have been completed, 12 are “in progress” and ten are incomplete. Of this last category, the CSIS expects real difficulties with only six of them, ranging from attempts to introduce a nationwide sales tax to moves to allow foreign lawyers to practise in India. As India starts to explore the full potential of a growing, young and well-educated workforce coupled with the sheer size of a nation of 1.3 billion people, the attraction for investors of this most resilient of emerging markets will move more sharply into focus. India has a very distinct investment landscape. No investor would consider diving head-first into the eurozone, yet India’s population is 3.5 times that of the single-currency bloc. Experience and local knowledge are key to identifying the opportunities in this fascinating and potentially rewarding market. A Key standout: India has been the key standout among emerging markets, the “last BRICS standing” as others have encountered serious headwinds. A rising middle class, keen for consumer goods, allied to a reform-minded government and increased infrastructure spending provide investment opportunities that are best identified by those with long-standing expertise in this market.
This should now make a new 52 week high. It should attempt £6.30 and then consolidate around the £6.20 mark before going for £6.50
This will now try and re-visit £6.20. Its making new 52 week highs which is encouraging.
Looking to purchase some of these. Any reasons why the large discount to the NAV. Not that I mind when trying to get in. Thanks
£6.00 should be hit anytime soon. This has now started to make new 52 week highs which is extremely bullish. The moving averages over 20 day and 50 day and 200 days are looking good too. Volume is looking healthy and the price action is extremely positive. The best bit is that this is still trading on discount to net asset value (NAV).
The chart is looking extremely positive for £6.00 to be hit. Capital is flowing into Emerging Markets and Frontier Markets. The smart money is positioning into these markets for the next bull market.
My summary on 8th June 2016 before the EU Referendum seems spot on at the moment. The cash has to be invested somewhere as interest rates are far too low so emerging markets seem like a good home for investors looking for higher risk higher reward.
Good performer recently
600p a good double top?...
This is showing a strong uptrend and if can go through £5.50 then I think a move towards £6.00 could be on the cards.
Excellent site - hadn't expected to find such solid input on an ADVFN blog. Many thanks, Loganair! My personal investment and trading approach is mainly based on technical analysis (shock horror!) and I've been in JII as a core investment since autumn 2003, profit-taking and repurchasing when the signs and portents suggested, with profits in this stock handsomely exceeding my stake at this stage. Looking at the chart today, the 5-leg run-up since mid-Feb looks good, even if a pause for breath might be on the cards, with momentum indicators weakening a bit and some historical resistance around this level. Longer term, the potential is surely there, subject to politics and bureaucracy as we know and as is so well covered by the analyses in the posts above. For me, it remains a Hold. A break of the 600p level this summer would be bullish; a failure in that area might warrant further profit-taking, imo.
By Brian Caplen, editor of The Banker. As we start 2016, the outlook is gloomy on many fronts – poor economic prospects in the eurozone, and continuing worries over China and outflows of capital from emerging markets in general. The one bright spot is India, whose economy is expected to grow at 7.5% this year, rising to 8% in 2017. India has two big advantages in the current economic climate – as an oil importer it benefits from falls in this and other commodity prices (unlike fellow BRICs Brazil and Russia) and as a latecomer to globalisation it plays little or no part in Asia’s supply chains. Bilateral trade between India and China is only 3.6% of India’s exports. The Banker made the governor of the Reserve Bank of India, Raghuram Rajan, our central banker of 2016 in recognition of his efforts to stabilise the rupee and tame inflation. But if India wants to remain as 'the last BRIC standing' it cannot afford to rest on its laurels. The easy wins of commodity price falls and accommodative monetary policy are one offs and any future success will depend on its ability to carry out long overdue reforms. In this respect, the picture is more mixed. Government reforms to the business environment and foreign direct investment rules have been implemented but pushing more far-reaching changes, such as a goods and services tax, through the upper house of the Indian parliament is proving more difficult. In confirming its BBB rating with 'stable' outlook, Fitch notes that India’s debt-to-gross domestic product ratio of 67% is higher than the BBB median of 43%, and the expected fiscal deficit in 2016, at 6.7%, is well above the peer median of 2.8%. So India has more work to do and limited room to manoeuvre. Up until now, the government has gained savings through lower oil subsidies and it has managed to spend this money wisely by raising capital expenditure rather than current spending. But economists are divided as to whether this will continue, given a pay commission recommendation that central government employees receive a 23.6% pay increase. “[This] raises doubts about the feasibility of the medium-term consolidation path without any new revenue-generating measures,” says Fitch. But a HSBC report says the reform has the potential to “raise consumption in an orderly manner, reduce slack in the economy and incentivise investment over time”. Still, India is expected to be a more attractive destination for capital flows than most given that the Institute of International Finance (IIF) reports that 2015 saw emerging market portfolio inflows of only $41bn. This was the worst year since the financial crisis, with inflows down 85% on the 2010 to 2014 average, according to the IIF.
30th November 2015 - Portfolio analysis by JP Morgan: The trust's net asset value performed in line with the benchmark, while the share price underperformed. Stock selection contributed positively, while sector allocation detracted. Not holding drug maker Dr. Reddy's Laboratories was the biggest positive contributor, as the stock collapsed following a warning from the US Food and Drug Administration over possible violations of manufacturing standards at three plants. Several of our consumer discretionary holdings also helped. On the back of an increase in domestic car sales in October and a government wage rise, auto stocks rallied and our overweights in Maruti Suzuki and Tata Motors added value. Our lack of exposure to Mahindra & Mahindra detracted the most as the company outperformed on overall utility vehicle sales touching two-year industry highs. The overweight in Sun Pharmaceutical also hurt returns as the stock fell on disappointing sales growth and general negative sentiment towards the sector brought on by the headline noise around Dr. Reddy's Laboratories.
Mark Mobius, executive chairman, Templeton Emerging Markets Group, feels the Indian economy will continue to do better than China’s. In an interview with Sanjay Jog and Kalpana Pathak, he discusses the current economic situation. Edited excerpts. How do you see India's growth versus China’s? India is looking better with seven-eight per cent growth. Indian exports, especially software and information technology, are doing well. The growth rate is 20 per cent plus at $70-80 billion. Hard exports are doing well, especially automobile exports. How do you see India's market performance? Indian markets have done very well among the whole spectrum of emerging markets. How do you react to the Reserve Bank’s decision not to raise rates? Interest rates and inflation are other good news. If reforms are undertaken, inflation will be pushed lower. Why do you not invest in the venture capital segment in India? We have a private equity fund that focuses on two areas: pre-IPOs for companies that are ready to go to market and pipe deals for companies that are already listed. We are not into start-ups and venture capital. We know markets and how to get companies listed. We have a pretty good record there. How can India improve the ease of doing business? It has to tackle the bureaucratic barrier, registration, licences. I understand the Narendra Modi government is working on bringing in one-stop registration. Also, there has to be a dramatic improvement in infrastructure like roads and electricity. What is your take on the Fed rate cut? It will happen. I am sure there are big debates within the Fed that if inflation is not going up, why should rates climb. So, it could be at the end of the year, or maybe next year. But it will probably happen and emerging markets will generally be favourably impacted. What is the biggest risk for the Indian economy? The big risk is reforms not coming through. For instance, reforms in the power sector, tax reform and, of course, Modi being re-elected. So far business has not been too excited as tax reforms have not come through and the power sector has not been reformed, but these are things the government is working on. The government's survival depends on reforms. While taking away subsidies, Modi will have to give something back. The Bharatiya Janata Party lost the Bihar elections and the question is can Modi bring electricity to the rural areas? Can he move payments through the new bank accounts so that corruption is down? If that can be done, then he could be safe in rural areas. How do you see reforms in India? The key is implementation. If that hits a roadblock then we are in trouble. We have seen foreign direct investment on the promise of Prime Minister Modi making those changes. India is going to do pretty well, however, it has a lot to do in terms of ease of doing business. China is a lot better.
India to be $6 trillion economy, buy stocks to capture that growth: NEW DELHI: Investment is all about patience, and to create wealth, investors need to endure some pain in the equity market. A recovery in the economy marked by earnings revival and beginning of the investment cycle will be the biggest trigger for the domestic equity market, which has been rangebound over the past few months waiting for fresh triggers to move up. While Asia's third largest economy is recovering slowly, analysts say it has the potential to touch double-digit growth in a few years. When that materialises, India's GDP would grow to $5 trillion-$6 trillion in 5 to 10 years from $2 trillion now. An equity market discounts everything in advance. The recovery in the economy will start reflecting in prices soon and economy-driven sectors will outperform other sectors in the long run. This kind of economic growth is bound to find a reflection in the stock market, and equities would be the right choice to capture that growth, say experts. "The broad hypothesis is that equity market tends to have a correlation with GDP in a longer time horizon. We are roughly $2 trillion of GDP now, and if I assume that you can have 13 per cent kind of notional GDP growth rate over the next 10 years, then you could be somewhere between say $6 trillion and $8 trillion depending on what kind of growth you are assuming," says Madhusudan Kela, Chief Investment Strategist, Reliance Capital AMC. "There is a gigantic opportunity if you take a time frame of 5-10 years. People should not feel left out. Over the next 10 years, there is going to be wealth creation to the extent of $5-$6 trillion. Some of it will happen in the private domain and some of it will happen in a public market domain," he said. The equity market has been sluggish over the past one year, and the only two sectors that outperformed were consumer durables and heathcare or the pharma theme. Going forward, economy-related themes are likely to do better. Analysts say realty and infrastructure stocks, which have been under pressure, may begin to look up soon, supported by the reform measures announced by the government. Earlier this week, the government relaxed foreign direct investment ( FDI) norms in the construction sector by removing two major conditions related to minimum builtup area as well as capital requirement. Most realty firms are now raising cash by spinning off their non-core assets, which will strengthen their balance sheets, say experts. While equity market sentiment has been weak in recent months, the market will reward patience. "Nothing moves in a straight line, especially in equity market. So investors should use every dip to accumulate quality stocks for long-term time horizon," they say. "The market is likely to witness high volatility during the rest of this year and early part of 2016 due to slow earnings revival, a mismatch between expectations and delivery from the government and global factors like slowing China and the impending US Fed rate hike," said Amar Ambani, Head of Research, IIFL. "But it would also present a golden opportunity to accumulate quality stocks. The year 2016 has a lot to offer, which could well lay the foundation for a big bull run," he added. Another key trigger for market would be a further fall in interest rates. Some analysts project interest rates to fall by 100 bps in calendar 2016. Despite global headwinds, such as the uncertainty around US Fed rate hike and the overhang of China slowdown, analysts on Dalal Street are confident that India would be able to revive its GDP growth in the coming years and outperform other emerging market economies (EMs). "We are passionate India bulls and we speak by heart. We genuinely believe that India is going to be a $4 trillion economy in the next seven to eight years and there is going to be big returns on stocks," Sunil Singhania, CIO- equity, Reliance Mutual Fund, said in an interview with ET Now two months back. "India is doing relatively better than a number of other countries, and finally, it has reached a size which the world cannot ignore. That way India definitely stands out," he said. Singhania said the macro story for India was the best among all large economies. "So, while everyone else is fighting deflation, we are still fighting inflation. Things can only improve from here," he said. One of the most important factors that will keep the momentum going for the domestic equity market is participation of retail investors, which has picked up in 2015 via the mutual fund route. Experts advise investors to trust the power of compounding, which can multiply their wealth. "The stock market requires discipline, time commitment and effort. Making money is not easy. So try to do investment either on your own, when you have the time commitment and energy, or come via the mutual fund route," said Nilesh Shah, MD, Kotak Mutual Fund. "If you are coming via the mutual fund route, try to invest on a regular basis. Every month save something and invest something. That small amount you save over a period of time will end up becoming quite large," he added. Shah advised investors not stop an SIP account even if the market corrects sharply. "In fact, those are the times when you should allocate a higher amount to SIP and let the India growth story take its own turn. Eventually, this long-term investment will help you create a lot of wealth," he said.
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