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JCH Jpmorgan Claverhouse Investment Trust Plc

708.00
2.00 (0.28%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Claverhouse Investment Trust Plc LSE:JCH London Ordinary Share GB0003422184 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 0.28% 708.00 34,050 16:35:02
Bid Price Offer Price High Price Low Price Open Price
706.00 710.00 704.00 704.00 704.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 33.24M 28.22M 0.4968 14.17 401.01M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:09 O 560 708.796 GBX

Jpmorgan Claverhouse Inv... (JCH) Latest News (1)

Jpmorgan Claverhouse Inv... (JCH) Discussions and Chat

Jpmorgan Claverhouse Inv... Forums and Chat

Date Time Title Posts
31/12/202315:02JPMorgan Claverhouse Investment Trust9

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Jpmorgan Claverhouse Inv... (JCH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-13 16:20:10708.805603,969.26O
2024-12-13 16:14:04708.807004,961.60O
2024-12-13 16:05:37704.003052,147.20AT
2024-12-13 16:05:37704.00117823.68AT
2024-12-13 16:05:37704.005884,139.52AT

Jpmorgan Claverhouse Inv... (JCH) Top Chat Posts

Top Posts
Posted at 13/12/2024 08:20 by Jpmorgan Claverhouse Inv... Daily Update
Jpmorgan Claverhouse Investment Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker JCH. The last closing price for Jpmorgan Claverhouse Inv... was 706p.
Jpmorgan Claverhouse Inv... currently has 56,799,670 shares in issue. The market capitalisation of Jpmorgan Claverhouse Inv... is £399,869,677.
Jpmorgan Claverhouse Inv... has a price to earnings ratio (PE ratio) of 14.17.
This morning JCH shares opened at 704p
Posted at 31/12/2023 15:02 by goldpiguk
Hi and Happy New Year.

My ISA has evolved from a collection of mostly speculative investments in 2015, to what is now a portfolio of Investment Trusts, focused on dividend growth.
The aim is to construct a portfolio of about twelve Investment Trusts in total, and then add to those positions. (Buy, Build and Hold Indefinitely.) I am hoping to generate a £20,000 annual ISA income, within the next couple of years.

Current portfolio (31/12/23):
10,000 AAIF (Abrdn Asian Income)
20,000 DIG (Dunedin Inc. Growth)
15,000 EDIN (Edinburgh Investment Trust)
5,000 HFEL (Henderson Far East)
4,400 JCH (J.P. Morgan Claverhouse Investment Trust)
30,000 LWI (Lowland Investment Company)
10,000 MRCH (Merchants Trust)
15,000 MYI (Murray International Trust) (5 for 1 subdivision of shares during 2023)
Cash < 2%

This calandar year my additions have been 5,000 Lowland Investment Company - (current holding - 30,000 shares) and the purchase of 4,400 shares in J P Morgan Claverhouse Investment Trust.

For most of 2023 my ISA portfolio went nowhere, with the total value moving in a narrow range (c. 325,000 - £340,000) followed by a late upswing in December. As expected 2023 dividend income was strongly up.

COMMENTS
HFEL
The real laggard of the portfolio has been HFEL. At the end of 2022 it sat at a paper loss of £721. A year later the paper loss to book stands at £3,634. In 2023 my investment in HFEL has fallen a further £2,913 for an income of £1,210. Although only a snapshot, this is terrible. Fortunately I saw warning signs and decided a couple of years ago not to add to the position. HFEL now accounts for just over 3% of the overall portfolio by value. Since buying though, it has provided over £8,000 in income so the overall return does not look quite as bad.

HFEL should forget about being a dividend hero and bow to the inevitable - rebase the dividend! I expect this to happen in 2024 as Mike Kerley is replaced. The new portfolio manager will need to do some kitchen sinking on day one. A cut in the dividend to c.3p a quarter looks possible.

LWI
For most of 2023 LWI has traded on a steep discount to NAV. Being a mixed cap investment trust it has suffered because of its investments in companies outside the FTSE 100. When sentiment improves I think Lowland will outperform, but when that might happen is guesswork. I will add more here in the event of the discount widening again or on any general stock market weakness. During December the share price has bounced and my holding now sits at a small paper profit.

JCH
My main purchase this year has been 4,400 shares in J P Morgan Claverhouse. What is there not to like here! A dividend hero with a record of 50 years of dividend increases. JCH has been sitting at quite a large discount for a company that only invests in large UK companies.
I share many of the views of the portfolio manager William Meadon, who is always quick to point out that large UK companies trade at a discount to global shares and Claverhouse at a discount to its investments. "A double discount." JCH has ticked up in the last few weeks and is currently at a 5.19% discount to NAV.



ISA valuation on Dec 31st with dividend income for the calendar year.

(£) ISA valuation: (£) Income
2015: 113,980......... 4,450
2016: 156,795..........7,293
2017: 186,636..........9,619
2018: 193,414.........10,124
2019: 242,159.........12,557
2020: 221,475.........10,560
2021: 285,587.........12,002
2022: 315,241.........13,377
2023: 352,496.........15,718

2024 should see another strong uplift in dividend income, through further ISA contributions, dividend reinvestment and increasing dividend payouts with the exception of HFEL where a dividend cut looks likely.


Wishing all on the IT boards at ADVFN a very happy and prosperous 2024.

Goldpig
Posted at 30/3/2023 15:30 by investingdad
Well there is a huge jump today. I see this as a fairly safe buy and hold at around this price or lower. 5% yield or more is always a buy for me here.
Posted at 08/3/2023 17:08 by jujufingers
Well, buyback now 465,000 in a month but only enough to keep price at 6% discount on NAV. Parent US company sold 3 million shares in February which kicked off the widening. I've been in this share for over 10 years and discount normally returns to 0-2%. So share is very good value now. Problem is that if you push 3 million shares in a postBrexit investment trust the discount will widen so more buybacks will be needed to keep it stable in short term. As a 5 year investment there is major value here. UK equities will bounce in 2025 with a new European focused Government and in the meantime the secure dividend will payout.
Posted at 01/3/2023 13:08 by jujufingers
Parent US company dumped 5% shareholding in February 2023 pushing share price way below NAV. Trust will need to buyback aggressively to prevent stock becoming a permanent underachiever. Value is there and dividend history excellent so unclear why parent dumped shareholding.
Jpmorgan Claverhouse Inv... share price data is direct from the London Stock Exchange

Jpmorgan Claverhouse Inv... Frequently Asked Questions (FAQ)

What is the current Jpmorgan Claverhouse Inv... share price?
The current share price of Jpmorgan Claverhouse Inv... is 708p.
How many Jpmorgan Claverhouse Inv... shares are in issue?
Jpmorgan Claverhouse Inv... has 56,799,670 shares in issue.
What is the market cap of Jpmorgan Claverhouse Inv...?
The market capitalisation of Jpmorgan Claverhouse Inv... is GBP 401.01 M.
What is the 1 year trading range for Jpmorgan Claverhouse Inv... share price?
Jpmorgan Claverhouse Inv... has traded in the range of 646.00p to 748.00p during the past year.
What is the PE ratio of Jpmorgan Claverhouse Inv...?
The price to earnings ratio of Jpmorgan Claverhouse Inv... is 14.17.
What is the cash to sales ratio of Jpmorgan Claverhouse Inv...?
The cash to sales ratio of Jpmorgan Claverhouse Inv... is 12.03.
What is the reporting currency for Jpmorgan Claverhouse Inv...?
Jpmorgan Claverhouse Inv... reports financial results in GBP.
What is the latest annual turnover for Jpmorgan Claverhouse Inv...?
The latest annual turnover of Jpmorgan Claverhouse Inv... is GBP 33.24M.
What is the latest annual profit for Jpmorgan Claverhouse Inv...?
The latest annual profit of Jpmorgan Claverhouse Inv... is GBP 28.22M.
What is the registered address of Jpmorgan Claverhouse Inv...?
The registered address for Jpmorgan Claverhouse Inv... is 60 VICTORIA EMBANKMENT, LONDON, EC4Y OJP.
What is the Jpmorgan Claverhouse Inv... website address?
The website address for Jpmorgan Claverhouse Inv... is www.jpmfclaverhouse.co.uk.
Which industry sector does Jpmorgan Claverhouse Inv... operate in?
Jpmorgan Claverhouse Inv... operates in the INVESTMENT TRUSTS DIV'D sector.

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