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Jupiter Glb Share Discussion Threads
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|Nice little trust this one. Why change to a bland name and remove their history though? I'm voting against this.|
|Nice rise recently ?why.|
|Welcome to my thread! Nice to have been found. Obviously I like JPG. I used to have shares which did very well. Sold for other reasons but returned to it recently: doing ok so far.
They have a policy of keeping the discount narrow: see statement of 11 October 06: http://www.jupiteronline.co.uk/PI/OurFunds/InvestmentTrusts/Primadonna/Primadona.htm
The other IT I hold in an ISA is Jupiter Green (JGC) http://www.advfn.com/cmn/fbb/thread.php3?id=12003429
|Thank you for starting the thread. JPG is one of the half dozen or so conventional ITs out of all those listed by Trustnet in which I might invest this year's ISA allowance. It has risen 47% in the last year, recovered quickly from the market dip at the end of February, and remains at a discount. It has a very mixed bag of investments, including Jupiter funds, other funds, and raw shares, and has 35% invested outside the UK. Any thoughts, anyone?|
|Thought it worth having a JPG thread which includes charts and news.|
|No posts for 3 years, but quite an impressive performance! Bought a few today. Anyone else there?
|£25k isnt to be sniffed at...
Jupiter Primadona Growth Trust PLC
23 March 2004
Jupiter Primadona Growth Trust plc ('the Company') received notification from Mr Michael Heathcoat Amory, a director of the Company, that he purchased 5,000
Ordinary shares in the Company on 23rd March 2004 at 495p per share. Following
this purchase he now has a total of 15,000 Ordinary shares in the Company
representing 0.24% of the total issued share capital of the Company.|
|just needs a good man at the helm to make use of its flexibility, until then its a bit of a ftse tracker.|
|Sometimes talking to yourself can be theraputic..so my doctor says...
This one looks a reasonably low risk, steady growth play - quality assets, good management reputation and trading 20-25% to asset value. We should see a reduction in discount as money flows back in and an increasing asset price based on investments being priced higher. Only one market maker makes for some interesting prices....|
|Im afraid it was Jupiter, cant remember all of the people who left,but there were several, including star manager William Littlewood due to ill health.|
|Looked at Jupiter some time ago (missed buying), and noted it had impressive performance. However, one of the top-flight asset management co.'s lost a lot of key staff a couple of months ago, which could be rather serious in consequence. Check it ain't Jupiter.
Personally, I've been sniffing around Eaglet, hold Prelude, Rutland (from it's previous incarnation as a company doctor) and Finsbury Life (poss. now overvalued). I'd not be adverse to moving more towards venture capital holdings, and London Merchant might be worth a punt. Rutland, also, should have some nice surprises; as company doctor's they seem to have their heads screwed on. I've pegged as a buy at 40, even though I already have a chunk that's not done a lot for quite some time.
Max the Pauper|
|I realise that this BB does not appear to be a forum for the discussion of investment trusts. but Jupiter Primadona reported on Friday with very impressive results. A nice story appeared on Citywire:
17:47:47, Fri 1 Sept 2000
"Primadona rallies on strong growth
Shares in the Jupiter Primadona Growth investment trust have risen almost 8% today on the back of strong results and a rally in growth stocks today.
The £85 million trust (JPG) managed by Adrian Paterson, the respected UK small-cap specialist at Jupiter Asset Management, posted a 33.98% increase in its net asset value per share over the year to 30 June 2000.
This compares favourably with the 2.8% increase in the FTSE All Share index and a 15.6% increase in the FTSE World index over the same period.
The trust’s outperformance was put down to Paterson’s exploitation of the large swings in fortunes of technology-related stocks and ‘old economy’ stocks. The trust, which can invest on a global basis, also retained a heavy exposure to UK equities where stockpicking added significantly to the overall performance.
Exposure to Europe helped the portfolio, as did an increased weighting in Asia designed to take advantage of a recovery.
The trust’s chairman, Christopher Surtees, said the trust’s prospects remain bright as interest rates reach a ‘near-term peak’ while steady growth and low inflation remain. He also said the trust may make use of an ability to buyback shares now it trades at a discount.
The trust is also to replace its existing borrowing facilities with a £15 million flexible loan and to increase the maximum allowable exposure to unquoted stocks from 5% to 7.5%.
Tom Tuite-Dalton, an investment trust analyst at Credit Lyonnais Securities Europe, said: ‘I rate the manager very highly and believe this trust deserves to trade at around its par value, although I don’t think it will ever trade around a 30% premium again.
‘The trust has a lot of firepower to buyback its shares, which it can start to do now, and I expect the board will be reasonably aggressive in its use of buybacks.’
The trust is to pay a final dividend of 5p, which equates to a total dividend for the year of 8p – a 14.2% increase on last year. The trust is to reduce its notice period with Jupiter from 18 months to 12 months.
The trust’s shares closed at 1155p-1175p, up 85p on the day, at a 10% discount to their NAV compared to an average 8% discount in the International Capital Growth sector. The trust has carried an average 10% premium rating over the last 12 months." ©2000 citywire.co.uk
A buying opportunity?|
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