Jpmorgan Chinese Investm... Share Discussion Threads

[hectorp] 20/12/2007 08:06

Yes I also expect they will wait.
I wonder if the Markets new of these intentions a fewdays ago.

Note the Price is marked down hard when China falls, but is hardly rising at all when the market is rising.

[apetley] 20/12/2007 07:51

aldasoa, I am inclined to agree but notice the phrase 'subject to market conditions' in the release.
My guess is it will be when the conditions are alot more favourable.

[aldasoa] 20/12/2007 07:47

I can understand the possible long term need for an expansion in the company, but surely this is the worst possible time to do it. At the moment the shares are a discount to NAV by about 15% and I would have thought that it would be better for this discount to be removed before expanding the company.

[nerja] 19/12/2007 17:06

JPMORGAN CHINESE INVESTMENT TRUST PLC




PROPOSED BONUS ISSUE OF SUBSCRIPTION SHARES AND
OFFER FOR SUBSCRIPTION OF NEW ORDINARY SHARES

The Board of JPMorgan Chinese Investment Trust plc is considering proposals to
enlarge the Company through a bonus issue of Subscription Shares to current
shareholders and, subject to market conditions, an offer for subscription of new
Ordinary Shares with Subscription Shares attached to current shareholders and
new investors. The Board believes that over the longer term investment in
Greater China will deliver strong capital growth and that Subscription Shares
represent an attractive option to subscribe in the future for further Ordinary
Shares in the Company. The terms of the Subscription Shares will be set out in
a circular to be sent to shareholders.


A further announcement will be made in due course.

[nerja] 18/12/2007 19:30

Sterling's outlook hit by credit crisis
By Ambrose Evans-Pritchard
Last Updated: 2:43pm GMT 18/12/2007



Sterling faces the risk of a "perfect storm" next year as the housing bubble pops, interest rates tumble, and dwindling City revenues following the credit crunch expose the grim state of Britain's overstretched trade accounts.

UK recession forecast put at 50-50
In a year-end report Waiting to cut the cable, HSBC predicts the pound will plummet to $1.76 against the dollar over the next 15 months. "Sterling's outlook for 2008 is about to take a significant turn for the worse. Trade data shows that the UK is becoming increasingly uncompetitive in the international arena," said David Bloom, the bank's chief currency strategist.


Sterling reached a quarter-century high of $2.11 in October on dollar woes, but has since dropped back to under $2.02.

HSBC said financial earnings and large profits from the oil sector helped keep the British economy afloat over recent years and shield it from the consequences of a gaping trade deficit, now roughly 6pc of GDP. Both are now in doubt after the credit crunch.

More on the credit crisis
To make matters worse, sterling has become dependent on foreign "hot money" flows that could leave swiftly as the Bank of England cuts rates. Foreign accounts also own a record 32pc of British gilt-edged stock or £140bn. This is up from 18pc four years ago, leaving the currency at the mercy of investor sentiment. "The most dangerous scenario for the UK is slowing US and eurozone economies that hit the UK services sector, coupled with lower oil prices and lower UK rates. The scenario is not out of the realms of possibility and would represent the perfect storm for sterling," he said.

ECB's unlimited loans to tide banks over Christmas
The gloomy forecasts comes as fresh Eurostat data shows Britain is slipping ever further down Europe's per capita income league.

Although the UK still holds the crown as the richest of the big four economies, it has lost ground every year against the EU as a whole since peaking in 2002. With a per capita income of 118pc of the EU average, Britain has dropped below Sweden (125) and Belgium (120), and fallen ever further behind The Netherlands (131), Austria (128), and Denmark (126). Ireland is in a class of its own (146), along with tiny Luxembourg (280). Italy dropped below Spain this year.

[hectorp] 17/12/2007 13:56

good chap sjt.
I added last week 10p or so above this, but if it slips again I can top up.
perhaps we need to retest the last low? Well we shall see.

[simonjamesturner] 17/12/2007 11:34

Just seen that the discount to NAV has built up to 24p again. This has got to be a great buy op. Will try to continue topping throughout the day. Interestingly my buys are not showing on ADVFN today, so I guess neither is anyone elses.

SJT

[simonjamesturner] 17/12/2007 10:59

Hectorp

Can't fault your logic here. Just topped 5000 at 1.1995 should recover fairly quickly I think.

SJT

[hectorp] 17/12/2007 10:43

THe market is pricing in the possible ? subprime and liquidity, and inflation? effects on China's markets.
I suspect that a few months will show these to be much less than pessimists think.
So, its add more JMC on weakness becaue I suspect recovery will be relatively quick.

[nerja] 17/12/2007 09:03

Testing time now lower low or bounce and back on track. The best out of JP funds seems to be JRS for me it holding up better than all of them so far.

[apetley] 17/12/2007 08:37

I guess so sjt. Frustrating though isnt it.
Think I will save my sanity and lock these in a drawer somewhere and come back in a years time

[simonjamesturner] 17/12/2007 08:08

Correct, 7% actually. Don't think anyones going to sell at these leveles though so its a bit meaningless.

SJT

[apetley] 17/12/2007 07:34

Just seen the Asian markets have dropped 1-2 percent today.
Whats the betting we have a huge markdown on opening today?

[nerja] 14/12/2007 21:30

The pound has dropped below 15 yuan to 14.85 the currency play is starting to work out, the pound hopefully has peaked against the dollar, whats needed now is for the DOW to play ball which could be tricky.

[igoe104] 14/12/2007 13:47

THE GOOD NEWS apetley sft is in good order, and the company have told me they will be bringing out an update which should give the share price some life.
I hold over 153,000 of them but in 3 years its one of those shares that i expect to be over £2. they have just started selling there tax software in province 3-4 in 3 years if everything goes to plan they will be able to sell all over china, all 32 provinces in going to be a massive ramp up in revenues.

Im the same ive got no spare cash either, at the moment.

[apetley] 14/12/2007 02:18

Re igoe104 - 13 Dec'07 - 13:22 - 278 of 280

Thanks for the news about SFT. I hold and was wondering when an update would be coming out.
Agree with you thats it's way oversold. Just wish I had some spare dosh to topup at the low price it's at now.

[hectorp] 13/12/2007 19:08

IS this an MM share I'd be surprised.
But I am convinced that this isn't now the trend direction, I believe it is upwards. Too much to be involved in China for, currency etc etc.

[apetley] 13/12/2007 12:00

Doesn't it just cheese you off the way that it's always marked down way more than the actual fall in the Asian markets.

[hectorp] 13/12/2007 10:00

Just refecting the falls in Far East Markets?
We will need an upswing in next couple of trading days to get the chart momentum back on the upswing
( ie, we want the US to remain more bullish, like last week).

[simonjamesturner] 13/12/2007 09:27

Interesting fall this morning on no volume at all. Still as long as the discount to NAV remains at around 20p I'm happy.

SJT

[simonjamesturner] 13/12/2007 09:27

Interesting fall this morning on no volume at all. Still as long as the discount to NAV remains at around 20p I'm happy.

SJT

[igoe104] 12/12/2007 14:41

The amercian government is helping home owners who have trouble paying there morgage, by freezing interest payments.

This should go towards stopping market jitters about the credit crunch.

Markets should start to improve soon.