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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| JPMor Indian S | JIIS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 22.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.00 | 22.00 |
| Top Posts |
|---|
Posted at 25/10/2010 13:28 by tarvold Converted some more JIIS to JII, difference in theoretical price up to 20p with the rise in JII today. |
Posted at 22/10/2010 20:28 by mangal aldasoa, yes I did buy JIIS within my ISA with TD Waterhouse. I agree it's a bit of a hassle changing ISA providers but you could always start another one as long as you haven't used up your annual allowance or wait till next year to find someone who is flexible enough to allow you to trade subs within it; I have never had any problems trading the LSE-listed subs within my TDW ISA. |
Posted at 22/10/2010 12:20 by aldasoa It is indeed possible to hold these in an ISA, namely the free ones, but my ISA provider (NatWest) would not let me buy more in the ISA. Perhaps I should have got a second opinion from another employee. mangal, have you actually bought JIIS within your ISA? Changing ISA provider is not trivial and is not worth it just so that I can hold a few more JIIS. Nonethelsee, I would be interested in knowing who your ISA provider is, and I might be able to use it as leverage. |
Posted at 19/10/2010 12:48 by aldasoa One reason for not going through this route is that it is not possible to buy JIIS in an ISA, but you can buy JII. At least my ISA provider won't allow me. |
Posted at 05/10/2010 00:44 by tarvold I've just been through the process of converting some JIIS subscription shares into JII shares, added it to the header.Through doing this I increased my realised profit on my holding by approx 6%. |
Posted at 23/4/2010 17:08 by blue_max 10p spread with subs compared to just 1p with JIISelftrade quoted 165/175 online. My limit order with a dealer went through at 174.5p Thought I will take advantage of the dip in share price Temporary weakness I hope! So was glad to see JIIS closing a pence up at 166.5/176.5. No trades took place after my purchase at 174.5p; so I guess 166.5/176.5 is just MMs putting up prices. |
Posted at 15/4/2010 01:03 by tarvold EPS not relevent for JII because it is an Investment Trust aimed at making capital gains not income gains. Indian companies pay a lot lower dividends relative to UK ones and so don't generate income, which is also why it doesn't pay a dividend itself.You need to compare the daily published NAV with the share price ITs trade at a premium or discount to NAV, generally emerging market ITS trade at around a 10% discount. Generally the discount will narrow or expand due to demand for the shares based on the outlook etc. |
Posted at 13/4/2010 00:40 by blue_max my NII Warants are on a upward trend. But excercise date is in July. May be I should switch to JIIS. With much gearing and excellent prospects of the Indian economy JIIS should be a winner too. |
Posted at 21/9/2009 01:58 by tarvold There is a normal market to buy and sell JIIS subscription shares, it its not hugely liquid but trading a few £K is not an issue.By buying these subscription shares you are buying the right to buy JII shares at a fixed price for the periods quoted in the header. In order to convert JIIS shares into JII shares you need to pay the subscription price to the company, at the current time that price is 227p. Why buy these subscription shares rather than the actual shares? Well to put is simply leverage, the rise in the subscription shares as a % will be higher than the underlying shares. eg 1p rise on £3 = 0.33% JII 1p rise on £1 = 1.00% JIIS. Risk warning Not only does the price of JIIS rise and fall at a greater % there is also the risk that if the price of JII falls below the subscription price of JIIS the shares in JIIS potentially become worthless if the period of conversion expires. |
Posted at 17/9/2009 01:51 by tarvold JIIS are the subscription shares for JP Morgan Indian Investment Trust (JII) investing in Indian shares.Terms of subscription shares are 227p Jan09-Jan10 247p Jan10-Jan12 292p Jan12-Jan14 Warning this is a leveraged share. For every 1p rise in JII there should be a theoretical increase of 1p in JIIS At the current prices (13/10/09 383p / 151.5p) this produces a leveraged position in JII of 2.5 times ie for every 1% increase in JII there is an approx. 2.5% increase in JIIS. Bombay Stock Exchange site. Conversion process. In order to convert your JIIS shares into JII shares you need to contact your broker. Your request needs to be submitted to JPM by your broker before the end of the month in order to be actioned in the next month. If your JIIS holding is held in non certificated form (i.e. nominee broker) your JII shares will be credited to your nominee account the second working day of the month. If your JIIS holding is held in certificate form your JII share certificate will be sent to you approx 15th of the month. I held my JIIS shares in uncertificated form so the conversion payment was taken from my account the same day as the JII shares were credited. Presumably if you hold in certificate form you will need to send JPM a cheque or debit card details which would account for the extra 2 weeks. Reason for converting Part of my JIIS shares had hit my target price by there was a large (12p at the time) discrepancy between the theoretical and actual price of JIIS shares.By converting the JIIS shares I crystalised that difference as a gain. Risk The price of JII shares falls between submitting the conversion request and receiving your JII shares in order to crystalise the gain. Suggestion Action your conversion in the last week of the month to minimise exposure to price movements. |
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