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JAM Jpmorgan American Investment Trust Plc

970.00
-1.00 (-0.10%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Jpmorgan American Invest... Investors - JAM

Jpmorgan American Invest... Investors - JAM

Share Name Share Symbol Market Stock Type
Jpmorgan American Investment Trust Plc JAM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.00 -0.10% 970.00 16:28:07
Open Price Low Price High Price Close Price Previous Close
975.00 969.00 987.00 970.00 971.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

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Posted at 06/1/2018 11:47 by gilston
This trust could usefully now reward long suffering investors by adopting a policy of paying out a dividend of 4% of NAV for 2017. Several other trusts do this, as distributions can now be made out of capital as well as revenue.
Posted at 31/5/2012 15:45 by northernlass
JPMorgan American Cashes In

JPMORGAN AMERICAN CASHES IN ON HIGH SHARE PRICE

JPMorgan American Investment Trust is to tap the market with a share placing with professional investors.

The company plans to issue up to 1.19m shares at a price to be announced on Thursday. The new shares to be issued represent around 2.55 of the current issued share capital of JP Morgan American.

The price at which the shares will be placed will reflect the market price of the trust's shares at the time, subject to the condition that the price will be at a premium of at least 1.5% to the net asset value (including income and valuing debt at fair value) per share at the close of trading on Wednesday, May 30th.

Unusually for an investment trust, JP Morgan American's shares trade at a premium to net asset value (NAV) per share. As at May 14th, NAV per share was 852.6p, while the share price was 4.1% higher at 887.5p. As at Tuesday night's close, the share price had moved higher still to 892p.

Shares will be offered on a first-come first-served basis.

Source:



P.S.

Here's a couple of links about SCLP, one of the hottest stocks at the moment:
Posted at 02/1/2009 17:37 by nil pd
OP-ED CONTRIBUTOR
Buy American. I Am.
By WARREN E. BUFFETT
Published: October 16, 2008
Omaha
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So ... I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Why?
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.
Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.
Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.
Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company.
More Articles in Opinion » A version of this article appeared in print on October 17, 2008, on page A33 of the New York edition.

hxxp://www.nytimes.com/2008/10/17/opinion/17buffett.html
Posted at 03/12/2003 14:55 by and1
Either:
i) investors are not connecting JAM to the US stock market
ii) investment manager must be investing in utilities or defensive stocks or holding cash
iii) market makers are incompetent or doing funny spitzer stuff

but what explanation is there for JAM's dismal performance, even my granny has done better in the last 6 months and she cant spell stock markit.

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