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JEDT Jpmorgan European Discovery Trust Plc

460.50
0.00 (0.00%)
Last Updated: 11:46:39
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan European Discovery Trust Plc LSE:JEDT 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
  0.00 0.00% 460.50 457.50 460.50 461.00 460.50 461.00 27,989 11:46:39
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 51.97M 39.58M 0.2806 16.41 649.61M
Jpmorgan European Discovery Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker JEDT. The last closing price for Jpmorgan European Discov... was 460.50p. Over the last year, Jpmorgan European Discov... shares have traded in a share price range of 353.00p to 487.00p.

Jpmorgan European Discov... currently has 141,066,856 shares in issue. The market capitalisation of Jpmorgan European Discov... is £649.61 million. Jpmorgan European Discov... has a price to earnings ratio (PE ratio) of 16.41.

Jpmorgan European Discov... Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
13/9/2024
10:59
As far as I can tell, Halifax have, so far, provided no contract note or other document to record this Tender buyback.
It just appears as a line item on the records. I even have to calculate the number of shares accepted by either dividing the cash received by the tender price, or subtracting the remaining shares from the original quantity.

If anyone has found a proper contract note with the Halifax site, I'd like to know about it.

cheap investor
12/9/2024
17:34
Halifax 69%
cheap investor
12/9/2024
10:02
56% buyback from iDealing and 59% from AJ Bell, or 100% if holding is less than 1500 or so.
deadly
12/9/2024
09:39
Still no update from Halifax. I contacted customer services. They said it will be credited in the "next day or two". Apparently it will be scaled back.
cheap investor
11/9/2024
17:44
Fidelity 100%. The results of this tender, considering the offer was 15% have amazed me. Before, I estimated 40-50% max, so I now wait with interest to see what happens with IPU, who are offering a similar tender.
bitgold
10/9/2024
17:55
Just 58.8% off AJ Bell. Cash is available for trading.

Still awaiting info from Halifax

cheap investor
10/9/2024
15:35
Received 100% from Interactive Investor after tendering my entire holding.
This is the same outcome as a couple of other similar tenders over recent months with II. It appears that most other PIs must be just ignoring these tenders, to the benefit of those of us choosing to participate.

super_sub
09/9/2024
16:53
I'm with HL and appear to have a similar result after also requesting to tender my entire holding. I'm surprised (but pleased) given this statement following this statement from the recent circular which I read to mean we'd only get 6.3% over our basic entitlement of 15%. Good result for me either way and I'll probably sell the remainder in the open market. "Following a scale-back exercise, Shareholders who validly tendered a percentage of Shares greater than their Basic Entitlement will have a number of Shares equal to their Basic Entitlement purchased in full plus approximately 6.3 per cent. of their Excess Applications, in accordance with the process described in the Circular"
sludgesurfer
09/9/2024
15:59
Early insight from HL. I got the untendered shares allocated back into my account today - just 2% of my original holding, which indicates 98% got tendered. Rather incredible if true, but kind of ties in with other recent tenders I have participated in. Few small investors participate, even though it often means an immediate 10% return.

I look forward to hearing what anyone else out there has received.

bitgold
08/9/2024
21:14
Communications I received said it'll clear into my account on 13/9. let's see then what %'s we got.
bitgold
06/9/2024
09:30
Has anyone heard anything from their brokers yet ?

I thought non-certificated shares were supposed to be settled no later than 6-9-2024. Admittedly, there are several hours left.

cheap investor
05/9/2024
10:44
Looks like we're getting £4.93. A 10% or so premium to today's price. I requested to tender my entire holding but it looks like the maximum i'll get is 6.3% above your basic entitlement, so about 21%.
sludgesurfer
05/9/2024
07:52
No information from my brokers yet, but it's probably too early to expect that.

AJBell have just replaced my holding with provisional tender shares of equal value, before the RNS today.
The far less professional Halifax have just made the entire holding disappear, with nothing to correct the account balance back to the correct level.

cheap investor
04/9/2024
18:55
NAV this morning reported as 512p. as this was the official valuation date for the tender offer, looks like those tendering get 500p a share from this trust
bitgold
24/8/2024
18:09
Nor me. I regret not selling during the 2022 Corona boom, when discount dropped to 4% and it was up near £6. This would be my opportunity to redeploy outside the EU, as I see big issues ahead. My guess is, if held in nominee accounts that we can anticipate cashing in 50-60% of our holdings.
bitgold
20/8/2024
11:28
Agreed. I've participated in three tender offers over the years on similar offer terms. Every time I've asked to tender my full holding. Every time it's been filled completely. On current discount the offer should be at around 12%. Happy to take that and move on.Performance hasn't been good enough against the index to justify the fees for me.
sludgesurfer
10/8/2024
03:36
I would guess the arbitrageurs will vote for the resolution. Their main hope is that a lot of the naive shareholders won’t tender any, so they can cash in much more than the 15% basic. My advice to all holders is tender the max (and I say that knowing it’ll hit my own bottom line a bit)
bitgold
05/8/2024
09:01
The offer is at 2% discount to the NAV on the calculation date which is not till the 3rd September. With the market having a wobble, the NAV will likely be hit hard but discount may widen. Depending on how the next few weeks develop, the resolution might not pass at the EGM on the 2nd. You have until noon on the 2nd to decide although other brokers timescales may vary.
sludgesurfer
30/7/2024
05:03
Good news. Those with nominee accounts may find they can get more than 15% if they tender all.
bitgold
25/7/2024
09:27
Tender offer announced at 2% discount so about 506p.
deadly
16/4/2024
11:55
Used to be JESC and has had a super performance over the years, hopefully will continue.
deadly
04/4/2024
16:10
Certainly seems to have given the share price a lift, since. Perhaps, it's no coincidence the long-term manager has gone, also
gordonauld
09/1/2024
17:34
Isn`t Saba Capital on the warpath for this trust?
gilston
07/1/2024
19:46
Am very surprised no-one is interested in this trust any more. I remember the old days when Francesco was the fund manager and it was a perennial outperformer. Now it seems heavily invested in Sweden in hope rather than expectation. Would not surprise me if this got wound up soon. Hold if you have some and don't sell, but at the current discount of 11% it isn't a buy, or is it?
bitgold
Chat Pages: 1

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