Jpmorgan Global Growth &... Share Discussion Threads

[nerja] 21/2/2024 12:30

My allocation cutback to 40%, the smarties bailed at 540p on Friday , now it’s all about nvidia .

[ali47fish] 19/2/2024 16:06

as i dont want any money into my nominee- only in isa so i am disanfranchised like many others probably and put the case to one of the directors of sharesoc

[jonwig] 19/2/2024 13:28

ii are doing it, yes. Closes 11am tomorrow:

[ali47fish] 19/2/2024 13:01

my broker jarvis said they are not participating - any suggestion as to which broker to go to- i like interactive investor as they have created many ferures on their platform and other improvements- please help

[nerja] 18/2/2024 17:49

I am with ii it just came through with new issues so just put in for it.

[ali47fish] 18/2/2024 17:17

sorry do you put an order with your broker- i thought we have to wait for a particular date?

[nerja] 18/2/2024 15:45

I have put in my order, i would expect a similar price action that went with bips, they drive the price up then the smart traders ( not me) already in sell at the high price and put in orders to replace them at the placement price. With bips they sold at 172p then bought back tax and commission free for 168.5, pennies but it all counts

[thamestrader] 18/2/2024 15:32

You will be able to buy shares slightly cheaper than the bid price on the day, so could be worthwhile, depending on price/NAV action at the time and your view going forward. Based on Friday's price (540p) and NAV (532p), the price offered would be about 537p, a saving of 3p, and (I think) there's no commission or stamp duty. Won't set the world alight, but if you're thinking of buying more anyway.... fill yer boots!

This is already my biggest holding, so I'm not desperate for more, but who knows?

Hopefully somebody cleverer than me will interject and correct the errors in my ramblings.

[ali47fish] 18/2/2024 13:21

any further comments please for invested poster as to whether their offer called retail and not open- is worth considering for existing investors like me

[nerja] 13/2/2024 18:35

Got to admit this seems a eh what’s going on deal, they may do more damage than good, was going to be topping up but the way bips went using the same format not sure.

[spangle93] 13/2/2024 17:07

Citywire write up



Having tapped out £59.6m of new shares this year, and raised £185m in regular issuance last year, JGGI hardly needs a share issue to bring in new money. Nevertheless, it was pleased to have been contacted by a wealth management firm that had decided to add the trust to its central ‘buy’ list after assessing it for over a year.


Tristan Hillgarth, JGGI’s chair, told Citywire: ‘It is encouraging to see new interest from a large UK wealth manager in a trust that has managed to achieve scale via corporate actions, ongoing share issuance and strong performance.’

He said the trust’s size and liquidity – with £3.7m of shares on average traded daily – along with low tiered annual fees of 0.55%-0.3% would result in increasing cost savings for investors as the trust grew over time.

[spangle93] 13/2/2024 07:51

Details of retail offer in association with a larger Placing to an unnamed wealth manager



Any Ordinary Shares issued pursuant to the Placing and WRAP Retail Offer will be issued at a price equal to a 0.60% premium to the last published cum-income NAV per Share prior to the fundraising close (the "Issue Price"). The Issue Price is expected to be announced on 20 February 2024.

[jonwig] 24/1/2024 11:01

Relative size of trusts makes it unlikely MATE's strategy will have any effect. A tidy-up exercise by JPM.

Citywire comment:

[lozzer69] 24/1/2024 10:39

"JGGI's investment objective and policy will not change in connection with the Transaction. Following the successful completion of the Transaction, the enlarged JGGI will continue to be managed by JPMorgan, with Helge Skibeli, James Cook and Tim Woodhouse as portfolio managers."They are experienced in taking over 2 trusts recently so I think this should be a positive move. Hopefully costs which are already low will come down a bit more. JGGI is still my best investment of the last few years.

[thamestrader] 24/1/2024 09:06

Sounds like a recipe for higher divis at the expense of capital growth.

[spangle93] 24/1/2024 07:51

Proposed merger with MATE (JPMorgan Multi-Asset Growth & Income)

Being sold on the basis that increased size will lead to reduced annual % management costs for JGGI shareholders

"JPMorgan Funds Limited has agreed to make a cost contribution, to take effect as a waiver of its management fee, equal to the aggregate of the transaction costs incurred by each of JGGI and MATE in connection with the Proposals. Any costs of the realignment/realisation of the MATE portfolio will be borne by MATE. Any costs associated with the transfer of the MATE portfolio to JGGI and any admission fees in connection with the issue of new JGGI shares shall be borne by the enlarged JGGI."



MATE includes (by definition) other assets such as bonds, but pays a higher yield. It's also at a discount, unlike JGGI

Needs a bit more thought - usually it's the shareholders of the trust that's being merged that gain more, and it feels like this is the case here on first read.

[thamestrader] 04/12/2023 14:16

depends (amongst other things) on whether you think a global crash is coming. Opinions are divided.

[ali47fish] 01/12/2023 17:22

directors buying a ggod chunk- is this a good time to add-please comment from knowledgeable investors

[tonytyke2] 26/4/2023 07:30

Top holding Microsoft beating market expectations with their update last night.

[apparition1] 11/4/2023 14:09

Yep. Mine was in at A J Bell first thing this morning.

[richtea2517] 11/4/2023 13:25

Div today?

[philanderer] 06/4/2023 13:51

The next US bull market is on the horizon. This trust allows investors to capitalise on it

Questor investment trust bargain: the trust’s excellent track record highlights its long-term investment potential

[ali47fish] 14/11/2022 14:05

many thanks appari