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JII Jpmorgan Indian Investment Trust Plc

935.00
-5.00 (-0.53%)
Last Updated: 08:38:35
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Indian Investment Trust Plc LSE:JII London Ordinary Share GB0003450359 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -0.53% 935.00 34,565 08:38:35
Bid Price Offer Price High Price Low Price Open Price
935.00 940.00 935.00 935.00 935.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end 21.78M 2.96M 0.0404 232.67 688.76M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:33:37 O 300 937.807 GBX

Jpmorgan Indian Investment (JII) Latest News

Jpmorgan Indian Investment (JII) Discussions and Chat

Jpmorgan Indian Investment Forums and Chat

Date Time Title Posts
15/2/202412:23The boom in India2,169
15/6/201509:32JII PLOP6
13/12/200315:07Late Trades2

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Jpmorgan Indian Investment (JII) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:33:38937.813002,813.42O
07:14:29935.0011102.85AT
07:10:58937.804704,407.66O
07:10:01935.0019.35O
07:10:01942.0015141.30O

Jpmorgan Indian Investment (JII) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Jpmorgan Indian Investment Daily Update
Jpmorgan Indian Investment Trust Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker JII. The last closing price for Jpmorgan Indian Investment was 940p.
Jpmorgan Indian Investment currently has 73,272,730 shares in issue. The market capitalisation of Jpmorgan Indian Investment is £688,763,662.
Jpmorgan Indian Investment has a price to earnings ratio (PE ratio) of 232.67.
This morning JII shares opened at 935p
Posted at 15/9/2023 15:34 by sllab101
Does jii give a div, I didn't think did.
Posted at 15/9/2023 15:05 by robertball
Price action at yesterday close was erratic
Posted at 25/8/2023 15:10 by essentialinvestor
I hold JII and just a couple of points on some of the recent comments.

There has already been extraordinary returns over many years - look at a longer
term chart.

Also the Indian economy does not exist in a vacuum, weak China macro impacts India,
but India may also be a longer term beneficiary of Xi's regime as companies
increasingly favour India for investment and future growth.
Posted at 14/12/2022 16:50 by essentialinvestor
GBP v INR very near multi year highs which is weighing on NAV atm.


Some recent changes to the management of Jii I notice.
Posted at 31/8/2021 11:11 by loss-leader
JII seems to be doing well. I wonder if it benefits from China going out of fashion a bit? LL
Posted at 05/8/2020 00:48 by loss-leader
Maybe India as an alternative trading partner to China argument will give JII some upside LL
Posted at 07/4/2020 12:21 by essentialinvestor
ANII looks the better play imv.

JII too much cyclical exposure for me.
Posted at 13/1/2020 16:53 by sludgesurfer
I was looking to trim my holding here anyway having held for nearly six years. The discount to NAV (818p) is 9%. I've tendered all my shares, hopefully I will be able to tender them all but even if I only get 25% sold, it's a nice wee new year bounce for me.

Trustnet has this trust as 3rd quartile vs its peers over 3 and 5 years. The chairman's statement isn't exactly compelling either....

From the Chairman's note from the circular:

Investment performance and outlook
As set out in my Chairman’s statement in the 2019 Annual Report which accompanies this
document, the year to 30 September 2019 was another positive one for Indian investors, as
measured by the Company’s benchmark, the MSCI India Index (in sterling terms), which returned
+10.8 per cent. The Company outperformed the Benchmark, producing a total return on net assets
of +11.4 per cent. over the year. In addition, the Share price rose from 630.0 pence to 744.0 pence
and the discount narrowed from 14.5 per cent. at the beginning of the year to 9.3 per cent. at the
year end, resulting in a total return to Shareholders of +18.1 per cent.
Whilst underperformance in recent years means that the Company has underperformed the
Benchmark over three years by 15.4 per cent., thereby triggering the Tender Offer, it has
outperformed over five and ten years. The key factors affecting the portfolio’s performance, as well
as the Indian economy and equity market over the last financial year are set out in the investment
managers’ report on pages 9 to 11 of the 2019 Annual Report.
While there are pockets of growth and opportunity, economic growth has recently been
disappointing by historical standards, and there are no immediate signs of a cyclical recovery.
8
India retains the potential for long-term rapid growth because it has untapped human resources.
India has a relatively young population, with large numbers reaching working age each year, and it
remains a mainly rural society, with great potential for productivity gains from migration off the land.
Whether these resources can be effectively channelled into a rapidly growing economy depends on
structural reforms of a scope that have often been beyond what the Indian federal and state
governments can deliver.
Despite these challenges the investment managers see many investment opportunities ahead, with
value emerging from the bottom up and can identify new stocks – both smaller and larger
companies – to add to the portfolio.
Posted at 20/6/2019 15:00 by loganair
Ian Cowie: India eventually provided my first ten-bagger:


Hard though it may be for battered investors in Britain to believe right now but political events can actually boost share prices. For example, take my first ten-bagger and longest-held share, JPMorgan Indian (JII).

After a troubled period recently, in which this investment trust made little or no progress, falling by 3% in the 12 months to March, 2018, before rising by less than 7% in the year to last March, the shares have bounced by more than 10% in the last couple of months.

The explanation is that fears the business-friendly government of Narendra Modi was doomed proved misplaced and pessimists looked foolish when his Bharatiya Janata Party (BJP) was re-elected by the world’s largest democracy last month.

More importantly for investors seeking to buy a share in the future, the Organisation for Economic Co-operation and Development reckons India is the fastest-growing major economy in the world and may become its largest one within a decade.

That confidence is cautiously shared by Kristy Fong, manager of the Aberdeen New India (ANII) investment trust. ANII delivered total returns of 9% over the last year, 100% in the last five years and an eye-stretching 238% during the last decade, according to independent statisticians Morningstar.

Fong said: ‘Continuation of Modi’s structural reform agenda would provide a lift to the economy and corporate India.

‘We expect the government to continue pouring money into affordable housing and transport infrastructure, which bodes well for the cement sector, real estate and potentially rural consumption. All this could provide a cushion to external headwinds, including deterioration in the US-China trade conflict and any surge in oil prices.

‘Political continuity only reinforces our positive views on India, whose growth prospects are underpinned by a young population and expanding middle class. We see a huge opportunity to invest in companies with pricing power that sell to Indian consumers.’

But it is likely to be a bumpy ride along the way. For example, India Capital Growth (IGC) favours medium-sized, family-owned firms for greater hopes of gains but has shrunk shareholders’ capital by 10% in the last year after delivering 70% total returns over the last five years and 91%, mostly under other management, during the last decade.

David Cornell, the manager of IGC, emphasised the upside: ‘India has a large population with a low dependency ratio, but key to maintaining growth will be cultivating skilled labour.

‘Recently it has welcomed a reverse brain drain as young professionals educated or working abroad are moving back home. Management is also very strong, demonstrated by America’s Fortune 500 where, out of 75 foreign chief executives, 10 are from India, far exceeding other emerging markets.

‘Most importantly, this is reflected in the Indian equity market which has compounded in at 12.8% over the last 10 years, compared with 3.1% in China and 2.8% in Mexico.’

My own portfolio reflects that progress, with shares in JII soaring by 88% over the last five years and by 148% during the last decade. Despite that, they remain priced at a 9% discount to net asset value (NAV). Better still, the same fund managers - Rajendra Nair and Rukhshad Shroff - have been at the helm since 2003.

Your humble correspondent is jolly glad I bought shares in what was then Fleming Indian in June, 1996, at 66p each. They are trading at 751p now and Modi's fiscal and regulatory reforms may mean they have further to go. Either way, his electoral success shows that investors should not always fear the worst; political events can sometimes surprise on the upside.
Posted at 01/8/2017 10:54 by arja
I have just edged in with a CFD but do not follow the fortunes of the rupee against sterling . If pound gettting stronger , this will have an adverse effect on JII share price . Does anyone who has followed this have any thoughts please ?
Jpmorgan Indian Investment share price data is direct from the London Stock Exchange

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