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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| JPMor Indian S | LSE:JIIS | London | Ordinary Share | GB00B3CSXS18 | SUB SHS 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 22.00 | GBX |
JPMor Indian S (JIIS) Share Charts1 Year JPMor Indian S Chart |
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1 Month JPMor Indian S Chart |
Intraday JPMor Indian S Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/1/2014 | 03:06 | JP Morgan India Subs Shares | 54 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 09/1/2014 03:06 by peterbill SUBSCRIPTION RIGHTS The Company has announced that a Trustee has been appointed over theoutstanding Subscription Shares not exercised by the final exercise date. In accordance with the Subscription Share terms, the Trustee will decide whether or not to exercise the outstanding Subscription Share Rights within 14 days of the final exercise date, such period expiring at the latest at close of business on 16 January 2014. To the extent not exercised by the Trustee, the Subscription Share Rights will lapse at close of business on 16 January 2014 and, in accordance with the Shareholder Resolution proposed at the Annual General Meeting to be held on 30 January 2014, all outstanding Subscription Shares will be converted immediately into Deferred Shares and automatically repurchased by the Company for a nominal amount and cancelled. The Company shall not be obliged to issue Share Certificates to Shareholders in respect of the Deferred Shares or account to any Holder of Deferred Shares for the repurchase moneys in respect of such Deferred Shares. Expected Timetable: 16 January 2014 - The Subscription Share rights will lapse, 30 January 2014 - General Meeting, 17 February 2014 - Listing of the Subscription Shares to be cancelled. Further Information may follow in due course. |
Posted at 25/10/2010 13:28 by tarvold Converted some more JIIS to JII, difference in theoretical price up to 20p with the rise in JII today. |
Posted at 22/10/2010 20:28 by mangal aldasoa, yes I did buy JIIS within my ISA with TD Waterhouse. I agree it's a bit of a hassle changing ISA providers but you could always start another one as long as you haven't used up your annual allowance or wait till next year to find someone who is flexible enough to allow you to trade subs within it; I have never had any problems trading the LSE-listed subs within my TDW ISA. |
Posted at 22/10/2010 12:20 by aldasoa It is indeed possible to hold these in an ISA, namely the free ones, but my ISA provider (NatWest) would not let me buy more in the ISA. Perhaps I should have got a second opinion from another employee. mangal, have you actually bought JIIS within your ISA? Changing ISA provider is not trivial and is not worth it just so that I can hold a few more JIIS. Nonethelsee, I would be interested in knowing who your ISA provider is, and I might be able to use it as leverage. |
Posted at 19/10/2010 12:48 by aldasoa One reason for not going through this route is that it is not possible to buy JIIS in an ISA, but you can buy JII. At least my ISA provider won't allow me. |
Posted at 05/10/2010 00:44 by tarvold I've just been through the process of converting some JIIS subscription shares into JII shares, added it to the header.Through doing this I increased my realised profit on my holding by approx 6%. |
Posted at 21/9/2010 19:01 by chrisgail Subs coversion price 247 buy at 230 = 477 a discount to the Ord shares, still some way to go for the subs price to reflrct their value. |
Posted at 16/11/2009 00:20 by tarvold Yes you are correct in theory on the 2nd of Jan the price should drop 20p, whether it does or not is yet to be seen but I doubt it will fall that much. The market is not that efficient and there is always a certain amount factored into the price of subs shares for the time until they lapse. If you look at JMCS for instance the price of the subs shares are 25.75p with a conversion price of 143p with the JMC share price only 139.25p. In theory JMCS should be trading at -4p. JMGS trade at 68p conv price 422p with underlying share price 471.4p, in theory they should be trading at 49p not 68p. |
Posted at 21/9/2009 01:58 by tarvold There is a normal market to buy and sell JIIS subscription shares, it its not hugely liquid but trading a few £K is not an issue.By buying these subscription shares you are buying the right to buy JII shares at a fixed price for the periods quoted in the header. In order to convert JIIS shares into JII shares you need to pay the subscription price to the company, at the current time that price is 227p. Why buy these subscription shares rather than the actual shares? Well to put is simply leverage, the rise in the subscription shares as a % will be higher than the underlying shares. eg 1p rise on £3 = 0.33% JII 1p rise on £1 = 1.00% JIIS. Risk warning Not only does the price of JIIS rise and fall at a greater % there is also the risk that if the price of JII falls below the subscription price of JIIS the shares in JIIS potentially become worthless if the period of conversion expires. |
Posted at 17/9/2009 01:51 by tarvold JIIS are the subscription shares for JP Morgan Indian Investment Trust (JII) investing in Indian shares.Terms of subscription shares are 227p Jan09-Jan10 247p Jan10-Jan12 292p Jan12-Jan14 Warning this is a leveraged share. For every 1p rise in JII there should be a theoretical increase of 1p in JIIS At the current prices (13/10/09 383p / 151.5p) this produces a leveraged position in JII of 2.5 times ie for every 1% increase in JII there is an approx. 2.5% increase in JIIS. Bombay Stock Exchange site. Conversion process. In order to convert your JIIS shares into JII shares you need to contact your broker. Your request needs to be submitted to JPM by your broker before the end of the month in order to be actioned in the next month. If your JIIS holding is held in non certificated form (i.e. nominee broker) your JII shares will be credited to your nominee account the second working day of the month. If your JIIS holding is held in certificate form your JII share certificate will be sent to you approx 15th of the month. I held my JIIS shares in uncertificated form so the conversion payment was taken from my account the same day as the JII shares were credited. Presumably if you hold in certificate form you will need to send JPM a cheque or debit card details which would account for the extra 2 weeks. Reason for converting Part of my JIIS shares had hit my target price by there was a large (12p at the time) discrepancy between the theoretical and actual price of JIIS shares.By converting the JIIS shares I crystalised that difference as a gain. Risk The price of JII shares falls between submitting the conversion request and receiving your JII shares in order to crystalise the gain. Suggestion Action your conversion in the last week of the month to minimise exposure to price movements. |
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