Share Name Share Symbol Market Type Share ISIN Share Description
Fidelity Japan Trust Plc LSE:FJV London Ordinary Share GB0003328555 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  2.25 1.15% 198.75 73,466 16:35:28
Bid Price Offer Price High Price Low Price Open Price
198.00 199.50 201.00 197.00 197.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.91 0.66 0.29 685.3 264
Last Trade Time Trade Type Trade Size Trade Price Currency
15:35:40 AT 1,325 201.00 GBX

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Date Time Title Posts
02/6/201713:49Fidelity Jap Value13
26/1/201318:32Get in early on the Japan recovery story!519
08/2/200910:59Fidelity Japanese looking WAY oversold.92

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Fidelity Japan Daily Update: Fidelity Japan Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker FJV. The last closing price for Fidelity Japan was 196.50p.
Fidelity Japan Trust Plc has a 4 week average price of 179.50p and a 12 week average price of 167p.
The 1 year high share price is 204p while the 1 year low share price is currently 106p.
There are currently 132,901,581 shares in issue and the average daily traded volume is 191,400 shares. The market capitalisation of Fidelity Japan Trust Plc is £264,141,892.24.
tonyr: GB904150, Atlantis Japan Growth (AJG) is worth consideration - a highly regarded manager, but consequently it rarely sells at much of a discount. Trustnet:- Prelims last week:- "The year to April 2007 saw lacklustre performance from the Japanese stock market, despite a relatively good economy and solid growth in corporate earnings. This was especially true in the case of smaller stocks and stocks outside of favoured areas such as manufacturing, commodities and export-related businesses. Nevertheless, at this time we remain encouraged by continued growth in the economy and corporate earnings, and by the benign trends on the consumer price front that have allowed Japan's central bank to limit interest rate hikes. We also remain confident that consumer spending will pick up momentum going forward, and will strongly underpin continued growth in the economy in the months and years ahead. As long-time investors in Japan well know, consumer spending has been under pressure since the early 1990s as a result of a prolonged period of deflation. The extended drop in asset prices not only reduced the store of wealth of households, through pulling down real estate and stock market prices, it also led to heightened anxiety on the income front, as corporations were forced to restructure, putting more into unemployment and capping income gains for those remaining in work. Only recently have we started to see the light at the end of the tunnel for the Japanese consumer. The prolonged downtrend in asset prices finally appears to be coming to an end, with property prices in major cities now stabilising or moving higher, and stock market prices well above their lows recorded in 2003. Households are also starting to see improvements on the income side, as consecutive years of earnings growth has put corporations in a position to increase the hiring of full-time employees and increase wages, overtime hours and bonuses for existing employees. To be sure, these favourable turns have not yet been enough to bring about a full-fledged recovery in consumer spending. However, we believe these supportive trends will lead to higher consumer spending going forward, which will in turn bolster overall growth and confidence in the economy. In the stock market, we note that local retail investors currently account for about 40-50% of daily trading volume. On balance, Japanese retail investors were net sellers again during the past year, as they have been for many years. Even so, we are finding signs of a growing interest in equity investments, a reflection of a slow, but steady recovery in investor confidence following recent years of sustained growth in corporate earnings and ongoing increases in stock dividend payouts. In addition to net buying by local investment trusts, which represent buying by retail investors, we also find domestic institutional investors such as pension funds showing a greater inclination towards increased exposure to domestic equities, including smaller stocks. The Company remains heavily weighted in small and medium-sized stocks, reflecting our adviser Ed Merner's view that most of the best investment opportunities are still found in this area of the market. These smaller companies, some of which are listed on the newer markets or regional stock exchanges, are seen as offering good value for long-term investors. In many cases, the holdings in which the Company has invested are insulated from swings in the overall economy because they operate in fast growing niche businesses such as generic drugs, temporary worker dispatch services, internet advertising, software and IT services. Regardless of trends in individual company fundamentals, however, there are times when small cap stocks will move sideways or down even as large cap issues continue to rise, and this is precisely what has happened during the past year. This short-term setback notwithstanding, we remain confident that most of the companies in which the Company has invested will continue to grow as expected and, thus, will turn out to reward long-term investors. During the past year, while many major world stock markets moved to new highs, the Japanese market was left behind. With Japanese corporate earnings continuing to rise during this timeframe, share price valuations in Japan have thus remained at their lowest levels since the mid- to early-1980s. Based on prospects for continued growth in the domestic economy and corporate earnings coupled with near-zero inflation, we believe the stage is set for the Japanese stock market to begin moving higher once again and, in particular, think the Company is well positioned to benefit from the recovery." - there's obviously a good possibility that Japan remains a lagard and money tied up in any of these Japanese focused funds continues to languish. But, after the falling/sideways movement since the start of 2006 on the Topix 2nd section, a positive change in sentiment could quickly see some sizeable gains: just a return to the end of 2005 levels, never mind a catch-up with emerging Asian markets, would deliver considerable upside from here, especially if combined with reduction in discounts to NAV (or back to a significant premium in the case of AJG). The sensible thing to do would probably be to wait for some indication that this change in sentiment was underway: less upside, but also reducing the chance of money tied up languishing.
knowing: TOKYO (Thomson Financial) - Tokyo-listed shares may open lower on Wednesday after a series of profit warnings from US companies weighed on Wall Street and caused the Dow industrials to lose 148 points on Tuesday. Home Depot Inc, Sears Holdings Corp and homebuilder DR Horton Inc offered dreary outlooks that suggested the sluggish US housing market may dampen consumer spending. The outlooks followed Monday's news that printer manufacturer Lexmark International Inc slashed its second-quarter earnings forecast. Higher crude oil price may also weigh on sentiment. Crude oil futures climbed 62 cents to 72.81 US dollars a barrel on the New York Mercantile Exchange Tuesday, after briefly passing 73 dollars, their highest point since late August. A firmer yen may also hurt the Japanese stock market, particularly exporters, ahead of the start of the Bank of Japan's two-day policy board meeting. The yen was quoted below 122 against the US dollar this morning, over one yen higher than where it was trading in Tokyo late Tuesday. "If the BoJ signals an additional rate hike sooner rather than later, this will give a further impetus to the yen," Tokai Tokyo Securities chief economist Mitsuru Saito said. While the BoJ is widely expected to leave its overnight call rate unchanged at 0.5 percent, investors are keen to know if the decision will be a unanimous vote or a split vote, which may offer clues on when the next rate increase will take place. "If no one opposes governor Toshihiko Fukui who is expected to propose leaving the interest rate on hold, the market may take it as a sign that there may be no rate action in August," Tokai Tokyo's Saito said. In New York, the Dow Jones Industrial Average closed down 148.27 points or 1.09 percent to 13,501.70, while the Nasdaq composite index was off 30.86 points or 1.16 percent at 2,639.16. In Chicago, the Nikkei futures contract settled at 18,060 points, down from 18,260 at the Osaka Securities Exchange on Tuesday, suggesting a weak start for the market On the Tokyo bourse, the Nikkei 225 Stock Average closed down 9.31 points or 0.05 percent at 18,252.67, while the TOPIX index of all issues listed on the Tokyo Stock Exchange's first section dipped 3.03 points or 0.17 percent to 1,789.20. Ahead in Japan, the Ministry of Finance will release 10 minutes before the opening bell the current account data for May, while the Bank of Japan will release, at the same time, the corporate goods price index for June. In the afternoon, Teikoku Databank will report corporate bankruptcies for June and for the first half of 2007. Stocks to watch include NEC Electronics Corp on a report that US investment fund Perry Capital LLC is willing to buy an additional 25 percent stake in the Japanese semiconductor manufacturer to make it more independent from parent company, NEC Corp. Perry Capital offered to buy 30.87 million shares of NEC Electronics for 154 billion yen, or 5,000 yen apiece, a 65 percent premium over NEC Electronics' average share price over the past three months, according to the Nikkei business newspaper. Aeon Co Ltd may be active after the retailer said Tuesday that its fiscal first-quarter net profit tumbled 38 percent from a year earlier, hit by swelling costs from a series of business acquisitions and stake purchases.
popdotcom: can someone do a chart with the Nikkei over this share price?
isa23: Invesco Jp Discovery (IJD) is also worth a look. Share price hasn't budged at all while the unit trust, an exact replica with the same manager, is up about %12 since the July lows. I hold both, plus some Legg Mason Jp. Wish me luck!!!!!
jimcar: Sunburst Don't know she is married, it was just in response to you saying Mr Kibe. Do you fancy your chances then? There is usually a picture of her in the annual report. She is no oil painting but I'm more interested in her getting the share price up.
carver66: I am more interested in who bought all the shares (1.35 million of them).....because as far as i recall the share price went up over that period?
joe soap: Even today's share price compared to yesterday's NAV, there's a discount of over 25%. I recon short term we will definitely hit the 63p mark again (see my comment on price breakout yesterday). And Hasta la vista, there's money to be made short term as well as long term. Take the period from 1998 to 1999 as proof. Japan's market has NOT been on the rack, as you say, for nearly 10 years. There was at least 50% profit to be made out of Japan's market over that period, and I believe we'll see some more profit potential over the next 18 month period. Do some homework and you may come to agree with me, even in part. All comments welcome. Joe.
joe soap: Discount to share price still above 17%. Merrill Lynch fund managers report showing an overweight position in Asia, with good potential for some recovery in Japan with sustained rate decreases. Talk of a 50 basis point decrease by the FED on the 20th of March. Encouraging to say the least! The last finacial report suggests there is very good value amongst smaller companies, despite the state of the Nikkei. AGM end of April (I think) will hopefully prove inspiring. Joe.
joe soap: OK, so at the close of business on Friday, the NAV discount was standing at 24%. I'm obviously the only one who thinks that this is ludicrous, which makes this investment trust unbelievably cheap. The logic is also behind the fact that interest rates are coming down, which spells good news far asia (incl Japan). Also, discounts like this don't usually last very long, and the relative drop of the share price recently compared to the Dow's drop, sais there's support for this share. Watch for the rise in the Dow, and the comensurate rise in this share price. Joe.
joe soap: By my "calculations" the price should break out decently up to the 80p mark, if the share price can sustain it's current upward trend above a mid of 64p. That's my target, or opinion. Either way, I believe this share's bottomed out. Further opinions more than welcome. Joe PS: Paulus3, SE Asia hey? I'd love to hear more. Who's this chartist you refer to, and do they have a good record? Also, SE Asia's a big place. Anywhere specific?
Fidelity Japan share price data is direct from the London Stock Exchange
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