Jpmorgan Indian Investment Share Discussion Threads

[grippa] 28/3/2006 09:29

NAV is at £2.88...so share price is at an almost 4% discount.

[grippa] 24/3/2006 14:02

When r we going to break £2.80???

[mangal] 24/3/2006 10:57

Some thoughts on IT discounts/premiums (JII gets a mention):

[paullangf] 21/3/2006 17:22

The pro news you were waiting for

[Abuse team] 20/3/2006 16:09

Post removed by ADVFN

[tim] 20/3/2006 16:06

Yes I noticed the same thing on FJV, nikkei nearly back to recent highs and the share price has not moved, must be widening the discount.

[markth] 20/3/2006 14:50

And yet JII seems to have stalled. I guess it's just the discount increasing.

EDIT Yes - it's gone from a premium of 5% to a discount of 5% Implies a rise in NAV of 10% which isn't priced in. Good time to buy if you still believe India has legs.

[markth] 20/3/2006 09:08

Overall the Indian economy is growing at about 8%. The 'hot' sectors like technology, industrials, banks etc. are growing top lines at 20-30%. Because of the (relatively) low labour costs in India, earnings grow slightly faster I believe. So although there is a premium for growth like that, it doesn't quite account for all of the 150% rise mentioned. Also, three years ago, Indian stocks were grossly undervalued and some of the rise has corrected that valuation.

It's better to do a comparison over a twelve month period.

[tim] 20/3/2006 04:25

Interesting, I'm out of JII completely just on the basis of the rise 150% and the inevitable decline of the US mkts sometime this year. I might reenter if the chart breaks a new high circa 186 ish, but with a fairly tight stop.

How much of the 150% is real sustainable growth and how much is hot money chaseing the index higher?

[artful dodger] 17/3/2006 08:59

I've taken half my money out of jii

but you just can't call the top RT - loadsa folks lost their shirts in the tech bubble of 2000 shorting the nas but it just kept on rising

i agree that the markets have to have a breather, but when is anyone's guess and i wouldn't be putting money on it until we see evidence
20% drop in a day? possible, but we are all sitting on big profits so set a stop and enjoy the rise

i took my 50% out as it is in a sipp and i trade my sipp quite cautiously.

mind you it's up 150% in three years, which gives you a good indication of how good the markets have been in that time

[royalt] 17/3/2006 08:48

Yup, oil price doesnt look to be going down. Reckon we will see $70 oil again pretty soon, could be the catalyst for a sell off imo.

IG allow you to go short on the nifty. But whose gonna call the top? Its a risky market to short. The indians and the fund managers seem to take everysingle drop as a buying opportunity. Theres got to come a point when they will stop doing that, I think we are pretty close to it.

THey just need a little shock horror, to get them all selling at once.

[knowing] 17/3/2006 08:43

RoyalT there are reasons behind the market crash there ie heavy dependence on oil prices etc. energi has a thread with details on it.

I do agree it looks like it is overbought but hey....this is India.

[royalt] 17/3/2006 08:41

Crash looming imo. Anyone else think the same?

Just heard on cnbc yesterday how the one of the middleeastern stock market crach 20% in a day! Lots of ppl lost money.

You cant have a market as a whole go up every single day as good as it may seem, it has to come down. Just hope those who cant afford to lose arent buying now.

This is pure hot money in the market. Its only gonna take a few select fund managers to start exiting and the whole lot will be at it. They have to take the money off the table sometime. And this rise is unsustainable.

[knowing] 17/3/2006 08:32

And again by the looks of it.