Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Brazil Investment Trust Plc LSE:JPB London Ordinary Share GB00B602HS43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 70.00 68.50 71.50 70.00 70.00 70.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.9 0.4 1.0 70.7 26

Jpmorgan Brazil Investment Share Discussion Threads

Showing 126 to 144 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
06/6/2016
09:50
managed a full para that time before my eyelids drooped and i nodded off. the coffee bit was interesting but then it sadly became too much of a grind. wish each para had been just a bullet point summary. great stuff but far too busy to trawl through so much. i hope it doesn't put potential retail investors off through its sheer weightiness. gives a new meaning to gravitas. all imo. dyor. qp
quepassa
01/6/2016
11:08
it is without doubt good stuff which you post, loganair, but I fear that it may unfortunately serve to put many retail potential investors off BIT because it is such a heavy diet and they may not get past the first sentence. That's a pity. ALL IMO. DYOR. QP
quepassa
01/6/2016
10:43
Brazil's New Government Has 90 Days to Save the Economy from Chaos: ver the last several years, Brazil has gone through political and legal turmoil that has polarized the public into warring camps, revived forgotten fears of a latter-day military coup, and reignited racial and economic discourse in a way not experienced for an extended period of time. Despite the overwhelming support enjoyed by the pro-impeachment campaign, the process itself proved to be slow and painful—and can be viewed as a traumatic event for Brazil’s institutions and society as a whole. The country now finds itself wounded and facing the same problems as before—only now there is no prominent figure like Rousseff to absorb the public’s blame and anger. The new government led by President Michel Temer—Rousseff’s former deputy—has minimal room for error or even to adapt. The public’s expectations are high, and the government is expected to provide impossibly immediate solutions to Brazil’s deep problems. Crucial Days Ahead: The Temer government’s first challenge will be to restore investors’ trust and confidence in Brazil’s economy. Temer’s appointments of Henrique Meirelles as Minister of Finance and Ilan Goldfajn as President of the Central Bank are indeed a step in the right direction, and have been welcomed among Brazilian and foreign investors alike. However, a full economic recovery could prove to be an unexpectedly difficult challenge. In the first quarter of 2016, Brazil’s GDP shrank by 1.44 percent relative to the fourth quarter of 2015—and by 6.27 percent compared to the first quarter of 2015. Overall, Brazil’s economy is set to shrink by 3.7 percent this year. The GDP figures, however, only provide a partial picture of the depth and magnitude of the current crisis. Recently released data shows that unemployment has risen faster than previously thought, with more than 11.1 million (10.9 percent of the workforce) now looking for jobs. This figure represents a quarter-on-quarter increase of nearly two percent. If that wasn’t enough, inflation is on the rise—going from 9.34 percent in mid-April to 9.5 percent in mid-May. Adding to these concerns is the recent statement made by Minister Meirelles that Brazil’s fiscal deficit prior to debt interest payments could reach $42.1 billion this year. Many fear this will grow further, as the economy is not showing any signs of near-term recovery.
loganair
23/5/2016
11:37
Brazils two-year economic recession has forced Michel Temer's interim government to put forth a large-scale privatization plan, allegedly starting as soon as July and ending in 2018, that would result in a productivity boost and bring an end to the costly recession, however, it will all be buttressed with massive layoffs and increasing poverty. Kristian Rouz — The Brazilian economy has struggled with recession throughout 2014 and 2015 amidst declines in raw material prices and is on to major structural shifts after the nation's president Dilma Rousseff was impeached by the Senate in mid-May. The left-leaning Rousseff administration, plagued with corruption allegations, had drawn harsh criticism for its inefficiency regarding economic policies, and interim president Michel Temer has repeatedly vowed "hard but necessary" reforms to boost economic productivity in order to exit the recession. The new government unveiled its first steps to privatize a large number of state-controlled assets in order to enhance the economy's overall market viability. Yet, the reforms are likely to entail personnel layoffs and will result in spiking unemployment, undermining Brazil's individual consumption and broader living standards. side of Petrobras, the Temer government might sell its stake in one of the nation's largest utility companies, Furnas Centrais Elétricas. Select infrastructure assets might be possibly subject to privatization as well, as energy, utilities and transportation have become a heavy burden to the Brazilian budget during the last years of Rousseff administration, impairing the fiscal outlook and the economy's overall resilience to external and domestic shocks. "It's time to end with the government monologue and start building solutions with our partners," Moreira Franco said last week after promising transparent regulatory framework and safety guarantees to private investors buying into Brazilian assets. Last time Brazil indulged in across-the-board privatization was in 1997, when Petrobras was partially sold to private investors, along with other state-controlled assets at that point. This time around, the nation's economy is poised to see an even greater increase of private sector investment, potentially enhancing the performance of many companies. Yet, as cost-saving measures are likely to be enforced immediately following the privatization, unemployment might skyrocket, whilst real disposable incomes of most Brazilians would decrease. Local media have reported Temer's plan for economic reform would include a privatization of at least 230 power plants, the national postal service, and state-run airports like Infraero among other assets, affecting hundreds of thousands of employees currently of government-funded payroll. The government intends to raise between $10 bln and $20 bln by late 2018 with the hope that the economy would unravel at a fast pace. The government "plans to transfer to private investors several assets, stakes and companies, although it is still analyzing which and which others will remain in the hands of the state," interim administration said in a statement. Currently, the Brazilian government own some $568 bln total worth of assets in direct and indirect stakes in roughly 77 enterprises, and the government's initial planning includes partial sales of its stakes in most commercially viable companies most attractive to investment capital. Further down the road, less efficient companies would be subject to privatization as well. The reform plan, however, has drawn criticism for its initial stages, as the privatization will not increase productivity as only the best-performing assets would be sold, whilst all the problem companies will remain a burden to the federal budget for an indefinite amount of time. Yet, looming layoffs and rising unemployment are likely to render workforce cheaper almost instantly, allowing for quicker productivity growth. Meanwhile, investors are still concerned with corruption, while commodity prices are still low, and profitability of the Brazilian utility and infrastructure sectors and negative, resulting in rather low investment appeal of the economy at this point. That said, major privatization is easier said than done for Brazil, unless the government takes administrative efforts at improving the performance of state-run companies prior to liquidating the assets.
loganair
10/5/2016
12:31
Brazil Goes Bad, Stocks Rise by Steve Sjuggerud: BRAZILIAN stocks rose 900% from 2002 to 2007, writes Steve Sjuggerud at DailyWealth. Think about that for a minute... I'm not talking about a single stock. The entire country's stock market soared 900%. It's hard to imagine a country's stock market rising that much. But it really did happen in Brazil. And right now, I think Brazilian stocks could be ready to rise by hundreds of percent again... The story is simple: Brazil soared...and then crashed. Yes, it went up 900%, dramatically outperforming emerging markets in general. But the way down was equally dramatic...The iShares MSCI Brazil Capped Fund (EWZ) fell from around $100 a share in 2008 to around $17 a share this past January. On the way up, Brazil led a great rally in emerging markets: The way down was just as extreme. It felt like the crash accelerated in recent years... Brazilian stocks are down more than 50% since oil prices peaked in 2014. After a move down like this, you can imagine how bad sentiment is. I'll be honest with you, the story in Brazil has been bad. Corruption scandals, impeachment, a severe recession, the Zika virus, you name it. If it ain't one thing, it's two things. Investors have given up. And that is actually what I like to see. As regular DailyWealth readers know, this is a classic "bad to less bad" opportunity. In short, the biggest gains in investing come when things go from "bad" to "less bad". The news out of Brazil has been bad...but Brazilian stocks have been going up this year. Could this be the start of the next triple-digit move in Brazil? Yes, it could. A month ago, I recommended buying Brazil in my True Wealth Systems newsletter. The trade is up 19% since that recommendation. But after an 80%-plus fall, and with hundreds-of-percent upside potential ahead, you haven't missed anything yet. I'd suggest you consider buying in for the upside potential. Former stock-broker, mutual-fund vice-president and hedge-fund advisor Dr. Steve Sjuggerud is the founder and editor of True Wealth.
loganair
29/4/2016
10:00
Buy Brazil: it’s messy, but it’s cheap - Money Week Brazil has plenty to cheer about: And that’s exactly what this week’s magazine cover story is about. As Matthew Partridge explains, it’s a country that’s been plagued by political scandal, and the commodity rout has dealt it a huge blow. As a result, stocks have taken a beating – the benchmark Bovespa index has fallen by 50% in the last five years. But lately, it’s been a different story. It’s the best performing market in the world so far this year, and there could be “plenty of room for prices to rise even further”, says Matthew, “the political crisis that has paralysed the country for over a year seems to be coming to an end”. As a commodity producing economy, it’s heavily dependent on China, of course, but China is growing again, says Matthew. On his funds page, our regular contributor David C Stevenson takes a broader look at emerging-markets. “Emerging market stocks represent decent long-term value”, he says. But he sounds a note of caution. “What happens next depends on a very obvious metric”, he says: corporate earnings. If you’re still wanting to get some exposure but prefer a more defensive stance, David has one fund that should suit you down to the ground.
loganair
29/4/2016
08:42
Votiem - Many Thanks
loganair
28/4/2016
17:46
Hi Logan. Delighted for you this one and JRS showing strong gains. Good for you. best, Mark
votiem
26/4/2016
12:17
When others are greedy be fearful, when others are fearful be greedy.... Am in. In good size. ALL IMO. DYOR. QP
quepassa
18/4/2016
10:12
I do not usually make predictions on a share price, however it seems to me that JPB may reach 50p far, far earilier than I ever thought it may do and can now see possibly that 60p is on the cards by the end of this year.
loganair
08/4/2016
14:46
Brazil Stocks Lead Global Gains as Commodities Buoy Exporters by Denyse Godoy: Ibovespa advances the most in three weeks as exporters gain Speculation that president will be ousted also fuels optimism Brazil’s stocks led a global equity rally as gains in commodities from metals to crude oil buoyed the South American nation’s raw-materials producers. Steelmaker Gerdau SA was the best performer on a gauge of exporters as a Standard & Poor’s index of commodities climbed the most in a month. State-controlled oil producer Petroleo Brasileiro SA followed crude’s advance. The Ibovespa, which rose the most in three weeks, also got a boost from speculation that President Dilma Rousseff is getting closer to being impeached, helping to support lenders Itau Unibanco Holding SA and Banco Bradesco SA. A change in government is seen by the market as the country’s best chance at pulling out of Brazil’s worst recession in a century. "There are many reasons for the Ibovespa to rise today, investors are pretty optimistic," Raphael Figueredo, an analyst at brokerage Clear Corretora, said from Sao Paulo. "Prospects for Brazilian companies that sell abroad and domestically seem encouraging." The Ibovespa advanced 3.4 percent, the biggest gain among major benchmarks in dollar terms, to 50,174.49 at 10:44 a.m. in Sao Paulo. Fifty-five of its 61 stocks gained. Gerdau added 6.4 percent, and Petrobras climbed 6.1 percent. Itau advanced 4.9 percent and Bradesco gained 4.4 percent. The two banks contributed the most to the index’s gain Friday.
loganair
07/3/2016
16:05
Do Brazil’s woes mark the bottom for emerging markets? By John Stepek. The stockmarket can be brutal on the ego. We’ve all seen it. A chief executive or a high-ranking board member steps down – and their company’s share price goes up. Ouch. Obviously, the bruised ego pains can be soothed by the corresponding increase in the value of their shares package. But still. It can’t be nice to know that your contribution to the company effectively had a negative value. So think how much worse former Brazilian president Luiz Inácio Lula da Silva must feel. He gets taken in by the local police for questioning. And suddenly it’s the end of an entire nation’s bear market… Brazil’s rich political soap opera: Last week, former Brazilian president Lula was “detained̶1; as part of a probe (the “Lava Jato” probe) into tales of corruption at Brazil’s state-owned oil giant Petrobras. Suggestions are that Lula (who left office in 2011) was getting kickbacks of some sort. Investigations are ongoing. But it’s all just part of Brazil’s rich political soap opera. Current president Dilma Rousseff (also of the ruling “Workers’; Party”) has separately been accused of knowingly manipulating public accounts. An impeachment process against her is also under way. Yet markets have shot up on the Lula news. The Brazilian real jumped by more than 2% against the dollar, and the Brazilian stock exchange – the Bovespa – surged. As Neil Shearing of Capital Economics notes, the key here is that if the investigation into Lula can prove that funds taken from Petrobras were used to finance Rousseff’s re-election campaign in 2014, then that result could eventually end up being annulled, and fresh elections called. But that’s a long way into the future. As Shearing puts it, markets seem to be “looking through the possibility of a further period of political uncertainty and towards the possibility of new elections and a shift towards more centrist market-friendly policies”. This does seem somewhat hopeful, particularly – as Shearing notes – given “the backdrop of an economy that is in its worst recession since the 1930s, together with growing disenchantment with the ruling elite”. That’s not exactly a recipe for electing a market-friendly government (as we’ve seen in both the US and the UK). But could there be more to Brazil’s rebound than this? The real reason to buy emerging markets – they’re cheap: It’s always darkest before dawn. Buy when there’s blood on the streets. The bear case is always most compelling right before everything turns around. They’re all good contrarian points, and they’re exactly the sort of sentiment that John Authers was getting at in the Financial Times this weekend when he asked if Lula’s predicament could mark the bottom for emerging markets. As you’ll have noticed, it’s not just Brazil that’s been suffering. Most emerging markets have been crushed by a combination of the strong dollar and collapsing commodity prices. But that’s left them looking cheap. Many emerging markets are trading at levels not seen since 2008. And many of their currencies are at record lows versus the US dollar. Meanwhile, the kicker is that the two factors that have been crushing them have slowly but surely been turning around in the last few months. The prices of several key raw materials have been creeping back up. And as for the US dollar, following the Fed’s tiny rate rise in December, and the fit of market nerves that ensued, the market no longer expects rates to keep rising quite as rapidly as it once feared. As a result, the dollar’s relentless rise has eased somewhat. In short, while Lula’s troubles are a nice, big, obvious news event to hang a “This is the bottom” sign on, the reality is more straightforward than that. As Authers puts it: “It might well make sense to buy emerging markets again, simply because after long years of a bear market they are far cheaper, while the US market looks expensive by almost any sensible metric.”
loganair
07/3/2016
09:32
Brah - many thanks for your kind comment. Many on other threats do not seem to understand how I post all information, whether it be postive or negative for the information of any and all who are interested.
loganair
04/3/2016
21:56
Yours are helpful posts for newbies here loganair. Token purchase yesterday in small.
brahmsnliszt
04/3/2016
16:25
Brazil stocks, bonds currency surge on ex-president's Lula’s detention and signals Rousseff’s days in office may be numbered. “The likelihood of a sudden change in government, either through judicial or legislative means, has skyrocketed,” Maplecroft, a political risk firm, said in a note to clients. Brazilian markets rallied sharply on the news, apparently sensing a change in regime that could shake up the country’s beleaguered economy. Brazil is in the midst of its deepest recession in 25 years, statistics revealed earlier this week. The long government investigation has focused on the state oil company, Petrobras, and a tangled conspiracy of kickbacks, graft, and money laundering that appear to have enriched much of the country’s elite. Rouseff, who was minister of energy while the alleged corruption was taking place, has denied benefitting, but analysts have said it seems improbable that she did not know anything about the alleged corruption as it was going on.
loganair
04/3/2016
09:39
The news is so bad, it must be a good time to invest....When noone else is... Recovery Eludes Brazil Economy After Biggest Dive in 25 Years: GDP better than forecast in Q4, but analysts aren't cheering. Investment in Brazil drops for seventh consecutive quarter. Latin America’s largest economy shrank the most in a quarter century last year and no recovery is in sight as shriveling demand and political crisis pummel activity. Brazil’s gross domestic product contracted 1.4 percent in the three months ended in December, after a 1.7 percent drop the previous quarter, the national statistics institute said Thursday in Rio de Janeiro. While the figure was better than the 1.6 percent decline estimated by 47 economists surveyed by Bloomberg, it wasn’t enough to prevent Brazil’s GDP from sinking 3.8 percent in 2015. That was greatest plunge in 25 years, according to data from the government’s economic research institute IPEA. “There’s nothing to celebrate in these GDP figures,” Luciano Rostagno, chief strategist at Banco Mizuho do Brasil, said by phone. “There is no reason to expect the economy will rebound. Investment and industry activity are expected to remain weak, and the outlook for private consumption remains bleak on back of job and credit market conditions.” Investors have been holding back as political uncertainty swirls amid a sweeping corruption investigation and the central bank holds interest rates at their highest since 2006. A weakened currency has helped improve the competitiveness of exporters, which the government has said will help spur Brazil’s recovery. Still, joblessness is on the rise, inflation is in double-digits and both companies and the government are receiving downgrades. Investment Plunge: Fourth-quarter investment plunged 4.9 percent -- its seventh consecutive drop -- as family consumption fell by 1.3 percent. The latter was slightly better than anticipated, according to Jankiel Santos, chief economist at Haitong in Sao Paulo, and Edward Glossop, emerging-market economist at Capital Economics Ltd. “Private consumption did fall at a slower pace, and that could be another reason why the economy performed better than it did in the previous quarter,” Glossop said by phone from London. “But it’s still four consecutive quarters of decline, so nothing to cheer about. ” Net exports also contributed positively to the fourth-quarter result, but mainly because of a 5.9 percent drop in imports, according to Banco Mizuho’s Rostagno. Exports fell 0.4 percent. The Finance Ministry said the economy may stabilize in the third quarter and rebound by the end of the year as the government focus on initiatives to boost investment, expand credit and keep jobs. “The main challenge at the moment is to recover internal demand,” it said in a statement. Elusive Recovery: Consumer and investor confidence levels have rebounded this year from record lows, which would normally suggest that the economy is bottoming. However, private-sector credit problems signal there’s no turnaround in sight just yet, Carlos Kawall, chief economist at Banco Safra, said by phone from Sao Paulo. “This is a big difference compared to prior crises,” Kawall said. “This will prevent the bottom from being as soon as the confidence indicators are suggesting, and poses downside risks.” The prolonged recession has made it tougher for the government to shore up its finances. Fiscal consolidation plans were met with resistance from an opposition emboldened by proceedings to impeach President Dilma Rousseff, as well as from coalition lawmakers incensed by initiatives to cut spending. The nation’s nominal budget deficit as a percentage of GDP reached 10.8 percent in January, its highest on record, as gross debt as a percentage of GDP climbed to 67 percent. Fourth-quarter data will also weigh down near-term performance due to a statistical quirk known as the carry-over effect, by which the previous quarter affects the subsequent period’s result. If 2016 GDP were to remain at the same level as recorded in the fourth quarter, it would decline 2.4 percent, according to Enestor dos Santos, principal economist at Banco Bilbao Vizcaya Argentaria SA in Madrid, said by phone. Brazil’s economy will contract 3.45 percent this year, according to the median forecast from economists surveyed by the central bank. The Organization for Economic Cooperation and Development forecasts the Brazilian economy to contract 4 percent this year, while the International Monetary Fund sees a 3.5 percent recession. Both forecast stagnation next year, which would mean no growth until 2018 when Brazilians elect a new leader.
loganair
04/3/2016
09:30
Wood - most of my spare cash has been put in to JPB since it went sub 50p. In my good opinion in the long term I am going to do very nicely out of my investment in JPB the rest I´ve been putting in to JP Morgan Russian Securities Trust (JRS) which is yielding a whoping 5.5% which again in my good opinion I´m going to do very nicely out of.
loganair
04/3/2016
08:19
I've been buying heavily this week. With a rising stockmarket and appreciating currency against the GBP£ and a discount of 16% to NAV the highest historical level, i can see good risk reward for further upside. NAV in GBP£ will be increasing as the real appreciates in value the discount will narrow and commodity prices are beginning to turn up so a triple whammy as far as i can see. woody
woodcutter
03/3/2016
10:52
31st January 2016 - Portfolio analysis by JP Morgan: The JPM Brazil Investment Trust significantly outperformed the Brazilian market. Our structural underweight to commodity names, including Petrobras and Vale, added to returns as commodity prices, including iron ore and oil, continued their precipitous fall. Asset allocation was positive driven by our underweight to commodities (materials and energy) and overweight positions in industrials and healthcare. Our underweight exposure to defensive sectors including consumer staples, utilities and telecoms detracted from relative returns. It is hard to justify a greater weighting to these sectors, as they are expensive. Stock selection was weakest in the industrials sector, where falling domestic demand outweighed the benefit of a weaker currency. Trading activity was minimal and cash positions were elevated given the recent volatility. We have maintained our more defensive and secular exposure.
loganair
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