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 Shares Traded Last Trade
  1.25 1.98% 64.50 309,164 16:29:01
Bid Price Offer Price High Price Low Price Open Price
61.00 68.00 64.50 63.75 63.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.89 0.40 0.99 65.2 24
Last Trade Time Trade Type Trade Size Trade Price Currency
16:39:31 O 25,000 63.00 GBX

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Jpmorgan Brazil Investment (JPB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-07-08 16:22:1063.0025,00015,750.00O
2020-07-08 15:39:3462.005,0273,116.74O
2020-07-08 15:39:3460.897,7394,711.89O
2020-07-08 15:39:3462.0051,64232,018.04O
2020-07-08 15:39:3461.005,0003,050.00O
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Jpmorgan Brazil Investment Daily Update: Jpmorgan Brazil Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker JPB. The last closing price for Jpmorgan Brazil Investment was 63.25p.
Jpmorgan Brazil Investment Trust Plc has a 4 week average price of 55.75p and a 12 week average price of 42.50p.
The 1 year high share price is 79p while the 1 year low share price is currently 38.70p.
There are currently 37,610,854 shares in issue and the average daily traded volume is 18,729 shares. The market capitalisation of Jpmorgan Brazil Investment Trust Plc is £24,259,000.83.
loganair: If the BRL exchange rate increase by 10%, that alone to add 7p to the JPB share price.
loganair: Once the Pension reforms have gone through I can see this being positive for the JPB share price on 3 fronts: 1. The continued rise in the Brazilian stock market. 2. The strengthening of the Brazilian currency. 3. Postive sentiment returning thereby reducing the discount to Nav. I can see of no good reason why these three could not see a rise of 20% from here in the share price of JPB.
loganair: Accept your good point as I didn't take the difference in the exchange rate into account. I still hope as sentinment in the Brazilian economy improves that the discount to Nav will narrow which could add 10p to the JPB share price.
loganair: Ian Cowie: I may be nuts but I like Latin American trust now by Ian Cowie: They say a drowning man will clutch at straws but this DIY investor was pathetically grateful to find one investment trust firmly in the blue when his screen was awash with red during the global markets sell-off on Monday. While the FTSE 100 index of Britain’s biggest businesses slipped to a six-month low and other benchmarks fared even worse, an unloved emerging markets fund I have been holding onto out of sheer contrariness lived up to its name and emerged from the day with its share price 5% higher. On looking more closely, I see that it has risen by 12% in the last month, having lost a similar amount over the last year, but is 59% up over the last three years, according to data from Numis Securities. Its name? Please don’t laugh but it’s BlackRock Latin American (BRLA). Like many investors, I had grown so used to bad news from Brazil — in which the trust has nearly two thirds of its assets invested — that I had sub-consciously stopped looking at this long-standing holding because it hurt to do so when everything else was going well. Now the tide has turned elsewhere, however temporarily, BRLA has taken a turn for the better. What’s going on? Perhaps counter-intuitively, politics can provide uplift for markets, as well as its more familiar depressing influences. It seems Brazil has woken up to the risk of turning into another Venezuela and the fifth-biggest electorate on earth has voted for a right-wing populist. Jair Bolsonaro, a former army captain who talks nostalgically about Brazil’s military rule between 1964 and 1985, has a long way to go before gaining power but the prospect of socialism, higher taxes and confiscation, appears to be receding. Bolsonaro’s success in the first ballot was enough to boost Brazilian share prices and provide a bright feature amid the gloom this week. More importantly, his pledges to cut tax, privatise state-owned businesses and reform ruinously unaffordable state pensions might form the basis for long-term economic recovery. Brazilians don’t need to be interested in political theory to see the practical consequences of the alternative ideology. Millions of Venezuelans are fleeing from the latest example of how socialists set out to create a paradise on earth but end up building an open-air prison where dissenters disappear. But international investors should not really be surprised by the ‘Bolsonaro bump’. After all, the election of another right-wing populist in North America in November, 2016, was followed by a 50% increase in the Dow Jones index of US blue chip shares. To trump that, so to speak, most economists and metropolitan media pundits — like me — are still sucking their teeth and warning that Bolsonaro will struggle to deliver medium to long-term economic growth. That may explain why BlackRock Latin American is trading at a 16% discount to net asset value (NAV). But I cannot resist pointing out we have heard such doom-saying before. While none of us has a crystal ball, we can all take comfort from experts’ inability to predict the future in the past. Pole position in that fiercely-contested field of failure must go to the Nobel prize-winning economist Paul Krugman. Immediately after Donald Trump’s election victory, Krugman sagely observed in the New York Times that: ‘If the question is when markets will recover, a first-pass answer is never.’ Since then the economist has been telling anyone who will listen that the president and his tax cuts — the biggest in 30 years — have nothing to do with the economy or share prices. Maybe so, but the recovery that never was seems to be going very well. No wonder City traders define an economist as a man who knows 69 different ways to make love but doesn’t know any women. So this DIY investor intends to hang on to his stake in Brazil — even if naysayers claim I’m nuts.
loganair: Surprising such a big drop in the share price of JPB of 6% when the Brazil Bovespa was only down 0.65% and so far this year is up 8.74%. Investors are concerned about the future as the country will elect a new president in October, and many market-watchers are worried that the next leader could halt or reverse economic reforms begun by President Michel Temer. Markets have largely supported those reforms. The Brazilian economy contracted by 0.13 percent in the first quarter of the year, according to the central bank's Index of Economic Activity. The figures for 2018 so far show a worse development than predicted. Due to worsening indicators, financial analysts in Brazil on Monday lowered their estimations for 2018 from 2.7 to 2.5 percent while the Brazilian government is maintaining its estimation of 3 percent GDP growth for 2018. The Brazilian, Argentinian and Mexican currencies weakened and stocks across Latin America fell on Friday as a global emerging-market selloff drove many investors to unwind bets on stronger currencies despite increased central bank intervention. The real fell as much as 2 percent against the dollar to the weakest since March 2016. The currency weakness came even after Brazil's central bank increased market intervention and unexpectedly refrained from cutting interest rates this week.
loganair: QP - I Invest in JPB as a Retail Investor there are few other ways to invest in Brazil. And as you mentioned it is an easy way to invest in Brazil, especially if one has other JP Morgan Investment Trusts. Overall the Trusts share price has doubled in the past couple of years. I do agree with you about the 2% fees that the trust charges, far too high. The excuse the trusts Mangers make is because JPB is only a small trust in value terms they have to charge a higher percentage fee. Personally I would not invest in Unit Trusts, especially with a recession around the corner. With a Unit Trust, when investors sell their 'units' the Trust has to sell their shares to pay out whereas an Investment Trust does not have to. Compared to other 'Vehicles' of investments, Investment trusts are easy and simple to understand and that's the way I like it. The upside may not be as much, however the downside is not as down as other Vehicles. As far as I can see there are only 3 Investment Trusts for Latin America, JPB, Black Rock Latin America and Aberdeen Latin America Income.
loganair: It seems to me, much of the rise in JPBs share price over the past couple of days has been the narrowing of its negative NAV.
loganair: 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: Votiem, I buy on a monthly bases via JP Morgan monthly investment plan, which I switch around the various JP Morgan Investment Trusts. When in comes to my monthly investments my investment time frame is long term, usually 10 years or maybe more, this month and last I have doubled the amount I invest and am happy do continue to do so at this amount until JPB rises above 50p as at some point next year the Brazilian economy is expected to return to growth and in my good opinion at that time the JPB share price will also rise.
loganair: Each year the share holders of JPB vote on whether to shut up shop or carry on. What worries me is this year the share holders may decide to shut up shop right when Brazil is at rock bottom, at the worse possible time when JPB is at their lowest share price, when in my good opinion is the time to buy. I look at my investments in Investment Trusts as a long term investment, at least 5 to 10 years rather than short term Speculation. If Brazil starts having some good governance and gets their financial house back into order, the current finance minister has a very good reputation, then I can see JPB share price doubling in 5 years.
Jpmorgan Brazil Investment share price data is direct from the London Stock Exchange
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