Jpmorgan Indian Investment Share Discussion Threads

[grippa] 13/8/2006 18:33

JII share price is at quite a discount to NAV now. Could be due a move up next week?

[knowing] 09/8/2006 15:09

Thanks for the commentary Mangal

[humphbumph] 12/7/2006 10:18

Thanks for that sympathetic and heart-warming message, knowing. I've noticed that your postings are nearly always quite stupid. I don't know why you bother. Everybody thinks you're a prat anyway.

[knowing] 11/7/2006 23:41

What will happen tomorrow after the bombings today ? Could be a great opportunity to buy in IMO

[markth] 17/6/2006 20:57

Bought some more last week.

[pinhead3] 09/6/2006 19:53

By the time we get to the end of September we should know whether the tide really has turned.
Emerging markets do tend to be a lot more volatile the established ones. Big gains on the way up, big losses on the way down.

[knowing] 08/6/2006 23:38

190 support ?

[scuba_man] 08/6/2006 23:37

Oh forgot to mention, the price was propped up by a large 100K purchase. Im sure if this wasn't made, the share price would have gone below £2.00.

IMO as the summer passes, im pretty sure now, we'll see this share well below £2.

I am waiting, mostly in cash and expect to buy at £1.50 later in the year.

[scuba_man] 08/6/2006 23:34

not totally correct. The price fluctuates during the day as market makers decide what the Dow is doing, what the FT is doing. This can often be as much as 8-10%, cheers.

EG You could have bought this morning at £2.04, Later in the day £2.10 at close £2.06

[pinhead3] 08/6/2006 19:08

Scuba Man
Investment Trust prices don't move in the same way as other shares.
Most ITs trade at a discount to their NAV, the discount/premium varies with risk/demand.
The underlying share price moves with the NAV, ignoring the change in the discount above.

Therefore there won't be any support at £2.00 if the NAV continues to fall inline with the fall in underlying shares it owns. In the current market conditions the NAV will continue to be higher than the share price with the discount growing if the Indian market continues to fall.

If you compare the graph of JII with the Indian exchange you'll see there is a direct corellation in the movements between the two of them.

For the above reasons ITs are generally for long term investment purposes, I actually have a SIPP with JPM
If you believe in the long term direction of the Indian market is up then continue to hold.
However in the short term things could get very ugly if the world markets continue to fall.

[greenpastures] 07/6/2006 21:31

The way Greenspan and members of the Federal Reserve have been talking today it looks as though the FED is likely to come round to the view that (1) growth is slowing due to high oil and commodity prices (2) that the slowing of the economy won't be enough to drop inflation down to levels the FED will feel comfortable with.

Therefore in my view the probability is increasing that we will have to get use to declining consumer spending, lower corporate profits and higher interest rates. To me that says raise cash and keep on the sidelines until the dust settles.

[scuba_man] 07/6/2006 09:35

Wonder if there will be support at £2.00 for this stock if it goes that low.

PS I MADE AN ERROR IN THE NAV NEVER TOOK MONDAYS TRADING (DOWN 2% INTO ACCOUNT) SORRY

[pinhead3] 06/6/2006 17:27

Current NAV 234 see RNS, discount approx 8% to share price
Considering JII is usually at a premium to NAV this is a good buying opportunity assuming the Indian SM doesn't fall much further.

[scuba_man] 05/6/2006 13:00

Trading at big discount to NAV. Sesmes up 2%+ Thurs and 4% Friday, Nifty up 3% and 5%.

Current NAV I estimate at £2.46.

Bit of a bargain, what ho? Yes jeeves, spiffing!