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Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Euro Small Co. Trust Plc LSE:JESC London Ordinary Share GB00BMTS0Z37 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.00 0.94% 430.00 425.00 427.00 432.00 425.00 427.00 100,231 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 12.3 6.8 63.0 689

Jpmorgan Euro Small Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
09/8/2019
10:55
very quiet here but the share price has done well of late. Questor in the Daily Telegraph is a fan Questor investment trust bargain: JPMorgan European Smaller Companies’ experienced management team is adept at ‘kicking the tyres’ of the continent’s smaller stocks British investors have been pulling their money out of Europe in recent months – and Questor has been no exception. While savers withdrew £2bn from European funds in the first five months of 2019, according to the Investment Association, the trade body for open-ended funds, this column has advised readers to sell two investment trusts focused on the continent: TR European Growth in November last year and Jupiter European Opportunities in March. In the former case our misgivings related to the economic outlook; in the latter to the fund’s very large holdings in particular stocks. This has left our portfolio of investment trusts with minimal exposure to the continent at a time when many professional investors think pessimism about the European economy has become overdone and much of any downturn is already “in the price”. “Europe is clearly out of favour and overlooked,” said Peter Walls, manager of the Unicorn Mastertrust, an open-ended fund that holds investment trusts. “It’s a recognised fact that there are some exciting businesses in Europe whose shares are trading at undemanding valuations – valuations that look attractive when compared with American equivalents and long-term averages.” He added: “The tendency in Britain is to think that Europe is not good at producing innovative businesses but this is not the case – it’s just that there aren’t many with the exposure of, say, Google.” One investment trust that puts a lot of its money into what Mr Walls called “Europe’s innovators and disrupters” is JPMorgan European Smaller Companies, a holding in his fund. “About two-thirds of that trust is invested in businesses that I would call cutting edge,” he said. Examples include Altran Technologies, an engineering and research consultancy listed in Paris, Ingenico, another French firm that specialises in secure payments, and Stockholm-listed Husqvarna, whose products include robotic lawnmowers. He said the portfolio was well diversified, with about 80 holdings, and had particular exposure to Holland, Switzerland and Sweden. Francesco Conte, the co-manager, has been with the trust for 21 years, while Edward Greaves joined him three years ago. “They are people I trust,” Mr Walls said. “They do a lot of kicking of tyres when they visit companies.” Investors must expect higher volatility from smaller companies, not to mention extra ups and downs as sterling is buffeted during the Brexit end game. But Mr Walls said this was balanced by the well-established tendency for smaller companies to outperform larger ones. “You have bigger ups and downs in smaller stocks,” he said. “There is more risk, so we should expect better returns, but you have to be prepared to hold for the long term.” Questor says: buy Ticker: JESC Share price at close: 368p
robow
23/6/2017
07:53
Up an amazing 30% so far this year. And going strong. Europe political scene has been significantly "de-risked" with Macron being elected and major fund flows have been pouring into European stocks. A very positive outlook for JESC and small-cap Europe looks set to benefit significantly. An excellent new piece of work by Edison research dated 22/6; hXXp://www.edisoninvestmentresearch.com/research/report/jpmorgan-european-smaller-cos4/full My personal view is that JESC has a LOT MORE to run. ALL IMO. DYOR. QP
quepassa
08/2/2017
19:02
Discount of 14.3% looks very wide for this trust.
gilston
21/12/2015
10:03
Up by an amazing 40% this year. ALL IMO. DYOR. QP
quepassa
07/12/2015
16:58
Great jump in share price today. ALL IMO. DYOR. QP
quepassa
23/7/2014
19:04
Thanks, Seconduser, thought that was the explanation but was damned if I could find anything about it
vulgaris
23/7/2014
17:11
hxxp://www.4-traders.com/JPMORGAN-EUROPEAN-SMALLER-4001941/news/SPLIT-5-for-1-18527620/
seconduser
23/7/2014
13:20
80% fall? Catastrophe, error or a stock split---- I assume split, but can't find reference to it!
vulgaris
30/4/2014
23:44
One of only a few trusts to focus on smaller European companies. Invests in both out-of-fashion value companies and growth companies to achieve strong returns throughout the cycle. http://am.jpmorgan.co.uk/investment-trusts/trusts/european-smaller-companies-jpm-it.aspx?isin=GB0003419693 Discount is -8% Yield is 1.3% Positive deviation from Eu Smaller benchmark into industrials and Italy.
blackcross
Chat Pages: 1
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