We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jpmorgan Global Core Real Assets Limited | LSE:JARA | London | Ordinary Share | GG00BJVKW831 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.60 | 0.82% | 74.00 | 201,608 | 16:35:07 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 73.00 | 75.00 | 74.40 | 72.40 | 72.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 27.84M | 23.83M | 0.1132 | 7.33 | 174.67M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:41:01 | O | 18,000 | 72.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 09/5/2024 | 10:04 | UK RNS | JPMorgan Global Core Real Assets Ld Holding(s) in Company |
| 08/5/2024 | 16:50 | UK RNS | JPMorgan Global Core Real Assets Ld Transaction in Own Shares |
| 08/5/2024 | 07:00 | UK RNS | JPMorgan Global Core Real Assets Ld MONTHLY PORTFOLIO UPDATE |
| 07/5/2024 | 17:08 | UK RNS | JPMorgan Global Core Real Assets Ld Transaction in Own Shares |
| 03/5/2024 | 16:59 | UK RNS | JPMorgan Global Core Real Assets Ld Transaction in Own Shares |
| 01/5/2024 | 16:25 | UK RNS | JPMorgan Global Core Real Assets Ld Dividend Declaration |
| 12/4/2024 | 17:10 | UK RNS | JPMorgan Global Core Real Assets Ld QuotedData's Weekly News & Interview |
| 08/4/2024 | 07:00 | UK RNS | JPMorgan Global Core Real Assets Ld Monthly Portfolio Update |
| 03/4/2024 | 18:25 | UK RNS | JPMorgan Global Core Real Assets Ld Director/PDMR Shareholding |
| 02/4/2024 | 17:04 | UK RNS | JPMorgan Global Core Real Assets Ld Block listing Interim Review |
Jpmorgan Global Core Rea... (JARA) Share Charts1 Year Jpmorgan Global Core Rea... Chart |
|
1 Month Jpmorgan Global Core Rea... Chart |
Intraday Jpmorgan Global Core Rea... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/5/2024 | 08:50 | :: JPMorgan Global Core Real Assets Limited :: | 152 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-05-09 15:41:03 | 72.40 | 18,000 | 13,032.00 | O |
| 2024-05-09 15:13:20 | 74.40 | 10,000 | 7,440.00 | AT |
| 2024-05-09 15:13:13 | 74.00 | 8,810 | 6,519.40 | AT |
| 2024-05-09 15:13:13 | 74.00 | 10,000 | 7,400.00 | AT |
| 2024-05-09 15:13:13 | 73.00 | 5,000 | 3,650.00 | AT |
| Top Posts |
|---|
Posted at 09/5/2024 09:20 by Jpmorgan Global Core Rea... Daily Update Jpmorgan Global Core Real Assets Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker JARA. The last closing price for Jpmorgan Global Core Rea... was 73.40p.Jpmorgan Global Core Rea... currently has 210,445,138 shares in issue. The market capitalisation of Jpmorgan Global Core Rea... is £174,669,465. Jpmorgan Global Core Rea... has a price to earnings ratio (PE ratio) of 7.33. This morning JARA shares opened at 72.40p |
Posted at 22/3/2024 09:15 by mwj1959 Flat NAV over the quarter, so discount sitting at just under 30% at 66p share price. My buy case with the share price at current levels remains in place (see my previous posts here). I struggle to see this trust still being around in 12 months time, other than in the final vestiges of a wind-down. If that is not the case the share price will likely have moved materially higher. |
Posted at 14/3/2024 10:15 by mwj1959 AM - I hold a broad range of ITs currently, ranging from conventional equity ones through to alternatives, such as renewables, infrastructure etc. The latter space has been really challenging over the past 12m+ as discounts have widened materially and certainly far more than I anticipated. I think the worst is behind us here, so buying at current share price and DY levels is an attractive proposition on a MT basis, particularly for those trusts that have continuation votes coming up. That's why I like JARA. RECI, which is CRE senior loans, looks interesting at current levels as well. It's well managed and has a near 10% yield trading at a historically wide discount. Others that I have bought into recently include DORE, AERS and FSFL. Historically high discounts, decent covered DYs and should be beneficiaries of falling rates, when they happen. Patience is probably required in all of these, but at least you're paid to wait. |
Posted at 13/3/2024 10:07 by affemoose Thank you mj1959. Your update is truly appreciated.May I check re: the continuation Vote timing - It would be at the AGM this year, anticipated August timeframe? Did you get any feeling in your conv' about the appetite/voting intentions of the institutional investors holding JARA on a continuation vote? i.e. Are they guessing what their voting intentions will be or is the assumption based on more solid feedback from them? |
Posted at 13/3/2024 09:19 by mwj1959 I had a lengthy conversation with the manager and JPM sales person post their presentation. Here's what I extracted.Discount - they're clearly frustrated by the scale of the discount and solutions to resolving that were being discussed by the Board / Manager. They agreed that some sort of plan needed to be put forward by the time Final Results were published in late June, ahead of the continuation vote. Their expectation was that the discount would start to narrow ahead of these events, but recognised, and agreed with me, that a solution to sustainably narrow the discount without a return of capital might be difficult to find given the nature of the investments in the trust. Some sort of tender offer was unlikely to happen given the size of the trust, although I wouldn't fully discount that (I don't think it would work or be appropriate). They said that historically if it has been the right thing to return cash to shareholders that is what they have done and would likely do this time, if that was felt it was the right thing to do. Wind-down - In terms of how easy it would be to realise the assets in the trust, and in particular the private funds, they said that would likely take a number of quarter as redemption requests were met. They are through the lock-up periods in these vehicles, so there is no issue on that front, while JARA owns under 5% in each fund. That shouldn't cause any problems from a redemption perspective unless there is a wall of redemptions from other investors at the same time. Share liquidity - There isn't much at present, so getting institutional buyers to take advantage of the discount is challenging, particularly when its difficult to see why any current holder would sell at such a wide discount with the continuation vote on the near horizon. My overall conclusion remains that the risk / reward at current levels is an attractive one given the time horizons involved. The main risk is that we see a collapse in the NAV, but I think that is highly unlikely given the current macro backdrop and the 30% discount provides a good deal of downside protection. I bought more this morning at 65p. |
Posted at 31/1/2024 08:14 by davebowler MONTHLY PORTFOLIO UPDATE Legal Entity Identifier: 549300D8JHZTH6GI8F97 JPMorgan Global Core Real Assets Limited, the diversified global infrastructure, transportation and real estate investment company announces a portfolio update as at 31 December 2023. Net Asset Value The Company's unaudited net asset value ('NAV') increased to 94.11 pence per share (30 November 2023 NAV: 94.06 pence per share), an increase of 0.1%. The Company's share price as at 31 December 2023 was 74.00 pence. An analysis of the components to this NAV and the relevant dates for their valuation is provided below. Portfolio Strategies NameDate of price for Strategy% of JARA's NAV as at 31 December 2023US Real Estate Equity30 September 202320.5%Transportat |
Posted at 17/1/2024 13:30 by mwj1959 80%+ in private assets and nearly 40% in RE is what is keeping the discount wide here, but I stick with my earlier view shown below that the risk / reward for the patient looks attractive here...I guess on a one year view the risk / reward here may be pretty attractive given the backstop of the 2024 continuation vote. If the discount doesn't narrow materially before then it's difficult to see the trust surviving. With the majority of the assets wrapped up in a few (5 according to the annual report) private collective investment schemes realising the value of the portfolio will take some time (quarters rather than years) with no guarantee that will be at the published NAV, particularly if the economic backdrop has got a lot more challenging. So there is some NAV risk, but its got to get pretty bad for it to wipe out all or even some of the discount. And at least in the meantime you're getting a near 6% DY at the current share price. Add that to some discount narrowing in advance of the continuation vote either on some board driven discount narrowing wheeze (tender offer etc.)or an increasing expectation that the vote will fail and I can easily see a one year 15 - 20%TR here (the DY plus the share price moving up to 80p). And that's being pretty conservative as at 80p the discount, subject to no further weakening in the NAV, would still be around 18%. |
Posted at 17/1/2024 09:58 by davebowler Core Real Assets Ld05 January 2024 LONDON STOCK EXCHANGE ANNOUNCEMENT JPMORGAN GLOBAL CORE REAL ASSETS LIMITED (the "Company" or "JARA") MONTHLY PORTFOLIO UPDATE Legal Entity Identifier: 549300D8JHZTH6GI8F97 JPMorgan Global Core Real Assets Limited, the diversified global infrastructure, transportation and real estate investment company announces a portfolio update as at 31 December 2023. Net Asset Value The Company's unaudited net asset value ('NAV') increased to 94.11 pence per share (30 November 2023 NAV: 94.06 pence per share), an increase of 0.1%. The Company's share price as at 31 December 2023 was 74.00 pence. An analysis of the components to this NAV and the relevant dates for their valuation is provided below. Portfolio Strategies Name Date of price for Strategy % of JARA's NAV as at 31 December 2023 US Real Estate Equity 30 September 2023 20.5% Transportation 30 September 2023 19.6% Infrastructure 30 September 2023 18.5% Asia-Pacific Real Estate Equity 30 September 2023 15.8% US Real Estate Debt 30 September 2023 7.6% Liquid Strategy 31 December 2023 18.0% Exchange Rates The GBP/USD exchange rate was 1.27480 as at 31 December 2023 (30 November 2023: 1.26595). 5 January 2024 |
Posted at 29/11/2023 10:50 by mwj1959 The relatively imminent continuation vote against the backdrop of a substantial discount and a reasonable dividend is what attracts me to JARA. It's a 12m trade where I think the risk / reward is firmly tilted in an investor's favour at the current share price. |
Posted at 22/11/2023 11:30 by mwj1959 I guess on a one year view the risk / reward here may be pretty attractive given the backstop of the 2024 continuation vote. If the discount doesn't narrow materially before then it's difficult to see the trust surviving. With the majority of the assets wrapped up in a few (5 according to the annual report) private collective investment schemes realising the value of the portfolio will take some time (quarters rather than years) with no guarantee that will be at the published NAV, particularly if the economic backdrop has got a lot more challenging. So there is some NAV risk, but its got to get pretty bad for it to wipe out all or even some of the discount. And at least in the meantime you're getting a near 6% DY at the current share price. Add that to some discount narrowing in advance of the continuation vote either on some board driven discount narrowing wheeze (tender offer etc.)or an increasing expectation that the vote will fail and I can easily see a one year 15 - 20%TR here (the DY plus the share price moving up to 80p). And that's being pretty conservative as at 80p the discount, subject to no further weakening in the NAV, would still be around 18%. |
Posted at 10/8/2023 15:32 by rambutan2 Better late than never:The Board of JPMorgan Global Core Real Assets Limited ("JARA" or the "Company") announces that, having regard for the material disconnect which has developed in recent weeks between the price at which the Company's shares trade and the NAV per share, it intends to make use of the share repurchase authority granted by shareholders at the Company's annual general meeting earlier this month in actively buying back shares on an ad hoc basis. The Board recognises that, notwithstanding the relatively stable NAV total returns provided by the Company's portfolio in recent months, the broader macroeconomic backdrop continues to negatively impact the Company's share rating (as it has many other listed closed-ended investment vehicles). Equally, the Board is cognisant of the benefits which buybacks bring in terms of NAV accretion, increased market liquidity and reduced share price volatility, together with the potential for a narrowing of the discount. The Board and the Manager will weigh these benefits on an ongoing basis against the potential returns available on new investments in determining whether and when to buy back shares. There is no debt held within the Company itself, and JARA's portfolio has a liquid allocation of 17.3% (as at 31 July 2023) providing an inherent degree of flexibility for buybacks and portfolio reallocations. The effectiveness of buybacks will be assessed on an ongoing basis and balanced against the overall portfolio positioning and liquidity. Any shares repurchased by the Company will be held in treasury. No maximum consideration payable has been determined by the Company for any buyback. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
