ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for ddt Track real-time Director Deals activity on the London Stock Exchange (LSE)

JARA Jpmorgan Global Core Real Assets Limited

76.40
0.40 (0.53%)
Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Global Core Real Assets Limited LSE:JARA London Ordinary Share GG00BP6KKQ44 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.40 0.53% 76.40 75.40 77.20 76.40 76.40 76.40 34,793 10:54:44
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -9.17M -11.88M -0.0577 -16.81 156.42M
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 76p. Over the last year, Jpmorgan Global Core Rea... shares have traded in a share price range of 65.60p to 88.20p.

Jpmorgan Global Core Rea... currently has 205,820,138 shares in issue. The market capitalisation of Jpmorgan Global Core Rea... is £156.42 million. Jpmorgan Global Core Rea... has a price to earnings ratio (PE ratio) of -16.81.

Jpmorgan Global Core Rea... Share Discussion Threads

Showing 326 to 349 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
12/5/2025
21:35:28
When the next redemption due
tommygriff
20/3/2025
11:28:54
Not had the redemption yet
tommygriff
03/3/2025
09:43:52
SO far not much movement.

I'm going to take this opportunity to exit today- take the cash. I may well re-enter if there is any better guidance around the redemption timetable but I fear without something a bit more concrete this share will slowly slide back to it's previous price range as the waiting game grinds people down and better opportunities may arise.

Happy to be proven wrong!

GLA, many thanks for your help and information, i've certainly learnt things here - and maybe see you again

affemoose
28/2/2025
21:45:10
As detailed in post 275, I paid 65.84p. A commission free 16.9% top slice at 47% premium to my purchase price, is a fantastic start. If only I had got far more. They certainly looked too good to be true at the time.
2wild
28/2/2025
11:14:32
Share price drop adjusted for redemption price is equivalent to 86p old money, so broadly unchanged from yesterday's close.
mwj1959
27/2/2025
10:29:57
Will be interesting to see how the share price reacts tomorrow to the partial compulsory redemption of 16.88% of the shares at 97p.
mwj1959
17/2/2025
15:43:22
How much further it can go is questionable, unless we see a continuing (and meaningful) uplift in NAV from the remaining assets and/or a major weakening in £, both of which I think is unlikely. I've made a decent return here (the investment thesis has unfolded just as I thought / had hoped) and it looks to me to be a source of cash for when better opportunities arise elsewhere rather than a hold for the remainder of the wind-up period.
mwj1959
17/2/2025
15:31:21
FIngers crossed mw, tahnks again.

Nice to see JARA price climbing - spread os 86.2-87.4 today which is a level we havent seen since Summer 2023

affemoose
14/2/2025
17:52:26
my comments have been passed onto the Board and they take on board my request for greater granularity. Time will tell whether more detail will follow in terms of what is being redeemed.
mwj1959
11/2/2025
09:16:26
Thank you for trying!

We shall mushroom on!

affemoose
10/2/2025
17:59:20
My attempt to get greater granularity on the wind up process, particularly around the timeline for each private fund hasn't made much progress. I got a quick response from the Company Secretary, but all she did was to refer me to the various RNSs that have been published and the latest Factsheet. I've pushed back on this, but am not optimistic!
mwj1959
06/2/2025
16:43:11
I'll ask the Company Secretary if she can provide greater detail. There is no reason that I can see why they can't. The individual private vehicles must have given them some sort of return of capital timeline and if they have it should be shared with more detail than we've currently received.
mwj1959
06/2/2025
14:55:06
I Concur MW - but the way that they operate thus far is - you'll know when we choose to let you know not when you want to know. aka - Mushrooms.

As this is the first time i've been through this process I was surprised by the mechanism for the redistribution of monies - I didn't expect that|! I had assumed it would be cash, and NAV and share price would go down. So having the Shares compulsorily redeemed at NAV price is an education and a pleasant surprise.

I am still pondering what to do with the monies returned - heaven knows what the leader of the free world will do next (let's face it he has been a little spikey so far)so hard to predict even if I did have a crystal ball :-) - maybe cash maybe cash or equivalent short term money type equiv' is my route.

affemoose
06/2/2025
12:37:35
So, basically at end January NAV. This is the easy part. It gets a lot more uncertain from here. I presume that they have put in redemption orders for all the other assets, so it would be nice to get a revised estimate as to what will be redeemed when and cash returned to shareholders. It may not be much different to what they outlined in earlier RNSs, but some more detail would be welcomed. Approx. 50% left in RE and 25% each in Transport and Infrastructure.
mwj1959
06/2/2025
07:31:18
97p redemption - nice
tommygriff
31/1/2025
11:41:57
If you are looking for inspiration and/or diversification BBOX have just released a great annual update if anyone is looking for inspiration.

Well run, good capital controls, Nav is around 180-185 against the share price of around 143 (25-26% discount). Yield at todays price 5.12%.

They have disposed of a load of assets from buying/merging a smaller REIT last year - throwing off cash, sold at a premium to purchase price NAV of assets.

Pre-Let assets under construction and diversifying out of Logistics into Digital Infrastructure (Data Centre).

All in all well managed, I like the cash flow, I love the premium assets and i like the diversification.

I've held this for quite some time now - and continue to reinvest Divi's back into it.

affemoose
30/1/2025
12:48:07
Thank you mw, much appreciated, i'll have a look.

Like you I am nervous about NAV values being accurate so like to do some serious due diligence first.

CORD is a digital infrastructure REIT and is very well run imho. May be worth a look for you.

affemoose
29/1/2025
18:04:55
AM - In terms of ideas they are lots of companies in the PE, Infrastructure and Renewable space trading at pretty chunky discounts and paying high single digit (and sometime double digit) divis. Most, however, have not been great investments with capital declines more than offsetting dividends. Plenty of NAV uncertainty in these (asset values, power prices, debt refinancing etc.), so its difficult to see discounts narrowing dramatically unless we see bond yields collapsing (unlikely?). I've been bottom fishing in this space with mixed success. JARA has definitely been one of the more successful.
For mixed assets look at RCP and CLDN. Both still at decent discounts, particularly the latter. Large family stake not helping there (an issue for RCP as well, albeit smaller). Both have seen discounts narrow fair bit recently, but still around 25% and 33% respectively. I own RCP.

mwj1959
29/1/2025
10:27:09
AM - Gilts would be fine so long as you invested in short dated ones and from a tax perspective the lower the coupon the better (you don't pay capitals gains on Gilts and the lower the coupon the more your return will be from capital rather than income). Further out the curve and you take on more IR risk and the price will likely be more volatile.
mwj1959
28/1/2025
16:49:04
My thinking atm is 'what would I buy with the money if I sold out of JARA?

Answer atm - not a lot tbh. Gilts maybe but you could of course get caught in a value trap there too. Markets are pricey so hard to see value in equities atm. Sadly my Crystal ball never arrived so I am not having any inspiration atm!

The other Equities I hold that I would consider investing in- PSH & PHP im already overweight, BBOX, CORD I already hold enough of so cant in all reality committ more. RKW is an option - I'm impressed with Richard Stavely who runs this - I like his strategy, execution and style, he's good at Comms to boot. a refreshing change.

Hmmm!

affemoose
24/1/2025
22:12:26
ThxW. Decisions!

I could cope with H2 this year but the ‘unknown 2026’ freaked me
Out. lol.

Need to sleep on it

affemoose
24/1/2025
13:22:08
Reply
A Validated user is a recognised

risenfall
24/1/2025
11:00:12
AM - You're right that the discount to NAV will be bigger ex the 16.4% in cash. On my calculation it would be 16% at an 83p share price If the full 16.4% in cash is paid out you'll receive just under 16p return. NAV would drop to c.80.5p. If share price just reflects the cash payout (i.e. no increase / decrease in 16% discount to remaining NAV)it would take it to just over 67p. There is still a considerable time period before the next tranches of the NAV is returned to shareholders (estimated 55 - 65% of NAV in H2 25) and there could be material changes in the NAV while the realisation process is occurring (currency, asset valuations) and of course there will be the legacy assets still to be returned by the end of 2026. So you could get more or less than 67p and I would place a +5% to -10% range around that, but it could be much wider than that, particularly on the downside. So, if you nor prepared to take the risk, selling out today at around 83p isn't a bad option. At the end of the day it's the best share price we've seen for 18 months and we've had around 6p of dividend in that period as well.
mwj1959
24/1/2025
10:08:15
Indeed MW

The Discount to NAV of the non cash elements could probably be 16% bigger than stated as I assume (!) that the cash is being priced at 100% in the share price (No Discount), hence the rise of late.

If you follow my thinking.

My next question is if/when that cash is distributed at the end of March will the share price drop proportionately more than the 16% that the cash elements consists of due to the non discounted nature of the cash.

I guess what i'm wondering is - 'is this the best time to exit, before cash distribution'.

I would be exiting at a loss - but sometimes that is just the nature of the game. Suck it up. It's a lot smaller loss than i would have had selling a few months ago, and maybe a lot smaller than a loss in the Post Cash distribution world from April onwards. (or maybe not).

I'm nowhere near a professional in this type of thing so always value the thoughts of others who are far more clued up than me.

affemoose
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older

Top Brokers in the UK

Spread Bet
CFD
Forex
Share

Your Recent History

Delayed Upgrade Clock