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JARA Jpmorgan Global Core Real Assets Limited

0.20 (0.28%)
30 Nov 2023 - Closed
Delayed by 15 minutes
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
  0.20 0.28% 72.20 594,062 16:35:06
Bid Price Offer Price High Price Low Price Open Price
72.20 72.60 72.40 71.00 71.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 27.84M 23.83M 0.1104 7.43 176.99M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:06 UT 1,852 72.20 GBX

Jpmorgan Global Core Rea... (JARA) Latest News

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Date Time Title Posts
29/11/202310:50:: JPMorgan Global Core Real Assets Limited ::112

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Jpmorgan Global Core Rea... (JARA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-11-30 16:35:0672.201,8521,337.14UT
2023-11-30 16:29:4472.408,0735,844.85AT
2023-11-30 16:29:4472.401,9271,395.15AT
2023-11-30 16:16:2972.204,8253,483.65O
2023-11-30 16:07:0172.216,5004,693.73O

Jpmorgan Global Core Rea... (JARA) Top Chat Posts

Top Posts
Posted at 30/11/2023 08:20 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 72p.
Jpmorgan Global Core Rea... currently has 215,840,138 shares in issue. The market capitalisation of Jpmorgan Global Core Rea... is £176,988,913.
Jpmorgan Global Core Rea... has a price to earnings ratio (PE ratio) of 7.43.
This morning JARA shares opened at 71p
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 29/11/2023 10:11 by adamb1978
I've exited JARA and bought HICL. Only a small, passive holding and preferred to be in something with greater scale not sure to any greataer economic returns from greater scale, but hopefully better governance resulting from it being more visible etc
Posted at 29/11/2023 09:35 by mwj1959
I've now got the major shareholders list from Bloomberg. Quilter 15.5%, EFG Harris Allday 10.7%, Brewins 7.4%, JRS Asset Mgmt (Swedish Multi-Family office)7.1%, Charles Stanley 6.6%, JPM 5.2%, BlackRock 2.2%. So that's around 55% wrapped up in these names. As I said before many of the usual UK Discretionary suspects. None have either increased or decreased position recently. I doubt any of them (other than JPM!) will vote for continuation unless there is a serious positive narrowing of the discount (i.e. from a share price rise not from a material decline in the NAV). This will either happen naturally as investors see an increasing likelihood of the vote not passing or from some drastic action from the board (no doubt guided by both JPM and the thoughts of the major shareholders) to ensure a sustained narrowing of the discount.
Posted at 27/11/2023 14:59 by mwj1959
AM - Re your 106 post I was actually after the major shareholders of JARA.
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 14/11/2023 15:07 by affemoose
Just watched their presentation. It was quite corporate but the questions were good. Few points for you below. Not sure if I am talking to myself.

1. Buy Backs have passed £7million so far (3.5% of share capital)
2. There is a Continuation vote for this fund Autumn 2024
3. DIvidends are funded from income not capital sale/growth.

Over comments were that while underlying capital values have been reflected in the NAV the incomes have in fact been very strong.

Overall comments from the even (panels etc) - the NAV discounts across Investment Trust funds is as bad now as it has been at peak Covid and financial crash. So overall feeling is that they can't get much worse with luck. 5-15 is 'normal range' for IT's. Hence so many trusts are closing, merging and doing buy backs.
Posted at 10/11/2023 15:43 by affemoose
There's a guy on LSE who contacted JARA - I've copied his email below - could be useful:

These webcasts are directed at the professional investor audience only on the website. As a self-directed investor you should enter the website through this link and select ‘personal investor’ when prompted.

I appreciate this will be a frustrating response. We are taking part in two live online presentations in the coming of weeks. These are deliberately aimed at giving personal investors access to our investment trusts.

Firstly, with Mello on Tuesday 14 November - hxxps://

Secondly, with capital access group on Wednesday 22 November - hxxps://

Both of these events should also have a recording available by the hosts.

We hosted an in person event at our offices on 29 Sept which had the portfolio manager present on stage and meet with investors afterwards – I mention this because we are providing more opportunities to engage with our investment trusts, the best way to hear about future opportunities if this is of interest is to subscribe to the communication options for the trusts that are relevant to you – you can do this here
Posted at 07/11/2023 12:34 by affemoose
@davebowler - thanks for sharing that weba=cast - do you happen to have a link for the first one? the Asian assets?

Also pls do share any intel guys.
Posted at 10/8/2023 14:32 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.
Posted at 25/1/2023 07:08 by spoole5
Fourth Quarterly Interim Dividend in respect of the year ending 28th February 2023 and statement regarding future dividend policyThe Directors have declared a fourth quarterly interim dividend of 1.05 pence per share in respect of the Company's financial year ending 28th February 2023, to be paid on 24th February 2023 to shareholders on the register as at the close of business on 3rd February 2023. The ex-dividend date will be 2nd February 2023.Following three interim dividends of 1 penny each, payment of the Fourth Quarterly Dividend will bring the total distributions for the financial year ending 28th February 2023 to 4.05 pence (FY 2022: 4 pence).
Jpmorgan Global Core Rea... share price data is direct from the London Stock Exchange

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