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
  0.00 0.0% 66.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.63 0.09 0.13 511.5 25
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 66.50 GBX

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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 66.50p.
Jpmorgan Brazil Investment Trust Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 66.75p while the 1 year low share price is currently 62.50p.
There are currently 37,610,854 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Jpmorgan Brazil Investment Trust Plc is £25,011,217.91.
quepassa: Liquidation proceeds @ 72p per share have today been received by my broker and credited.
loganair: If you listen to the JPB AGM presentation in September the lady says she is looking forward to another year of investments for JPB and there was no inkling at that time that the trust would be round up and therefore I haven't been keeping an eye here. Seeing you had posted QP was the first I knew about the voluntary liquidation. I was wondering if you had any thoughts about any other Investment Trusts that invest in South America. I only know of Aberdeen Latin America which is 34% Latin American bonds and 66% Equity Shares and Blackrock Latin America which is 86% Brazil/Mexico.
loganair: QP - I'm a little rushed at the moment and only been able to take a quick look - where did you see that the shareholders will receive 72p per share? Just think when JPB first IPO in 2009, it did so for 100p then quickly shot up to 120p. Sadly JPB never really lived up to what I thought it would - never mind at least I'm coming out with a small profit. This is my 2nd share this month to do a voluntary liquidation, with return of monies to the shareholders + one take over just at the time when I'm having to change my broker due to my current broker no longer dealing with client from my tax jurisdiction and my shares are currently in mid transfer between brokers.
quepassa: The liquidators of the Trust have now announced that shareholders will receive 72p per share. Great result. Official Pay date 2nd December 2020. ALL IMO. DYOR. QP
loganair: Moody's: Consumers are fueling the gradual recovery of Brazil's economy: -Consumers contributing the largest share of total economic output in Brazil, driving the economy's entire growth cycle -GDP recovery and low inflation add purchasing power to wage increases Similarly to most of the world's major economies, consumers contribute the largest share of total economic activity in Brazil and drive GDP. According to Moody's Investors Service in a new report, employment growth, low inflation, improving retail sales and rising consumer credit in a lower interest environment is supporting the gradual recovery of Brazil's economy. "In Brazil, employment growth is key to supporting consumption growth," says Moody's Senior Vice President Gersan Zurita. "Employment has been gradually improving since the end of the economic recession, with a rising share of the population slowly returning to the workforce. Furthermore, rising real wages coupled with low inflation and well-anchored inflation expectations is adding to consumer purchasing power." Retail sales are gradually improving as consumer confidence recovers after the recession. Broad retail sales, which include building materials and vehicles sales, have slightly recovered since the end of the recession but remain well below the cyclical peak reached in 2013. Conversely, the slow recovery in vehicles sales remains disappointing, with sales below the levels predating the recession. On the other hand, the outlook for housing looks more promising, with a more visible recovery in both units sold and values than consumer goods. Despite the slow recovery in consumption, the demand for consumer credit has continued to rise in both nominal terms and as a share of GDP. Moody's expects demand for consumer credit to continue to rise moderately in the next two years, particularly if the reforms succeed in Congress, which will enable rates to shift lower.
loganair: JPB now at a massive 24% discount to NAV.
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.
Jpmorgan Brazil Investment share price data is direct from the London Stock Exchange
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