|JP Morgan Fleming Inc & Cap It
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
JP Morgan Fleming & Cap It Share Discussion Threads
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|Compare with JPIU .... Seems 10% undervalued historically speaking so I've added.|
|I'm confused that the NAV for JPI has risen to over 95p but the mid market price is only 78.75p. I understand that Investment Trusts often trade at a discount but 17% seems a little excessive. Could it be because the Trust winds up in Feb 18 so there is little or no demand for it? or do the zeros have to be repaid from the investments meaning that the NAV is actually overvalued. I'm hoping that someone with knowledge will be able to help me.
|Looking into this one as I have a monthly investment set up with JP Morgan and the trusts I´m currently investing in are nearing the upper limit price I set for myself that I would stop investing to look else where.
Of all the other JP Morgan Investment trusts at the moment this does seems the best one to invest in even though over the years it has a narrowish trading range.
With reinvesting the dividends I can see myself building up a good holding in this trust.
I have noted it seems that Chase have completely sold down their 4.9% holding in JPI.|
|8% yielder with reasonable timing here - not much capital appreciation but seems stable if you buy into dips & looking for income|
|Topped up on this one past couple of weeks .... looks undervalued to me :)|
|thanks for responding, now I will try to get my head around the numbers...|
|The Zeros close out at 192.1p when the trust is wound up on 28 Feb 2018. Today's NAV for the units is 354.22p, so that means that if the trust was to close tonight, the NAV of the Income shares would be 81.06p.
In the next two years and four months, that figure could move about a lot, especially given the level of gearing. If the market is kind and goes up by 10% from here, the nav at close could be around 99p. If it falls back by 10% the nav at close could drop to around 64p. That's the range that I think we are looking at. Anyone care to check my figures?|
|Still holding Mister MD. Divis keep on coming. Running yield on my investment is now 7.5%. Slightly down on capital having paid 90.25, but I don't see that as a major issue.
The gearing makes this a highly leveraged play on the state of the UK stock market. If it collapses next year, we could be in for a rough time. If, like me you think it will improve, then the gearing should work in our favour. What level of risk are you comfortable with? If you are risk averse, then avoid split level trusts with high gearing. A return to anything like the 7000 level on the FTSE100 would have me smiling broadly.|
|anyone still in this - has always been a great dividends-payer. I'd like to know about these daily gearing RNS statements though, gearing 112% seems extremely high ?|
|Hardly the most active board on advfn! I've joined you this morning (assuming anyone else is still here).
These offer a nice 6.6% yield, paid quarterly and a good discount to NAV. I took a long hard look at the numbers and felt the risk / reward ratio was about right (nothing scientific). The core holdings are all good, solid FTSE large cap stocks, the hurdle rate is now around 2% and if you (like me) reckon that the FTSE could finally reach new highs next year then this looks a solid and highly geared bet.|
|would anyone know if this has this gone exd today? There was one this time last yr.
Can't find current divi announcement.|
|great share for a spread of large caps with a superb dividend yield|
|Hello to all fellow JPI investors - what's cooking in the world of JPI?|
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