Jpmorgan Indian Investment Dividends - JII

Jpmorgan Indian Investment Dividends - JII

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Stock Name Stock Symbol Market Stock Type
Jpmorgan Indian Investment Trust Plc JII London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-5.00 -0.66% 748.00 16:35:03
Open Price Low Price High Price Close Price Previous Close
752.00 749.00 753.00 748.00 753.00
more quote information »
Industry Sector

Jpmorgan Indian Investment JII Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

loss-leader: Maybe India as an alternative trading partner to China argument will give JII some upside LL
essentialinvestor: ANII looks the better play imv. JII too much cyclical exposure for me.
graham1ty: Getting 804p feels like manna from heaven in these markets ! If the timetable had been a couple of weeks later, JII would have been selling into a horrible market, getting horrible prices, and the NAV might have been 650p......
graham1ty: Yes, very lucky ! It is a 17% premium at the current price. I wonder how many will just buy back in below 700p ? Either get more shares than you had before be reinvesting the lot, or buy back the same number and keep the difference as a “dividend̶1;. I would have thought quite a few
nk104: Say you have 400 shares in JII and tender all of them The basic entitlement is 25 per cent - so 100 shares. Of the remaining 300 you will have successfully tendered 134 shares (300*.448). So you will have 166 shares left.
nk104: The results of the tender offer are out. The Basic Entitlement of all Shareholders who have validly tendered their Shares will be accepted in full and excess tenders will be satisfied to the extent of approximately 44.8% of the excess Shares tendered.
loganair: Also, doesn't help that JII do not pay a dividend like many other JP Morgan Trusts do, even if it is just a small one.
loganair: Ian Cowie: India eventually provided my first ten-bagger: Hard though it may be for battered investors in Britain to believe right now but political events can actually boost share prices. For example, take my first ten-bagger and longest-held share, JPMorgan Indian (JII). After a troubled period recently, in which this investment trust made little or no progress, falling by 3% in the 12 months to March, 2018, before rising by less than 7% in the year to last March, the shares have bounced by more than 10% in the last couple of months. The explanation is that fears the business-friendly government of Narendra Modi was doomed proved misplaced and pessimists looked foolish when his Bharatiya Janata Party (BJP) was re-elected by the world’s largest democracy last month. More importantly for investors seeking to buy a share in the future, the Organisation for Economic Co-operation and Development reckons India is the fastest-growing major economy in the world and may become its largest one within a decade. That confidence is cautiously shared by Kristy Fong, manager of the Aberdeen New India (ANII) investment trust. ANII delivered total returns of 9% over the last year, 100% in the last five years and an eye-stretching 238% during the last decade, according to independent statisticians Morningstar. Fong said: ‘Continuation of Modi’s structural reform agenda would provide a lift to the economy and corporate India. ‘We expect the government to continue pouring money into affordable housing and transport infrastructure, which bodes well for the cement sector, real estate and potentially rural consumption. All this could provide a cushion to external headwinds, including deterioration in the US-China trade conflict and any surge in oil prices. ‘Political continuity only reinforces our positive views on India, whose growth prospects are underpinned by a young population and expanding middle class. We see a huge opportunity to invest in companies with pricing power that sell to Indian consumers.’ But it is likely to be a bumpy ride along the way. For example, India Capital Growth (IGC) favours medium-sized, family-owned firms for greater hopes of gains but has shrunk shareholders’ capital by 10% in the last year after delivering 70% total returns over the last five years and 91%, mostly under other management, during the last decade. David Cornell, the manager of IGC, emphasised the upside: ‘India has a large population with a low dependency ratio, but key to maintaining growth will be cultivating skilled labour. ‘Recently it has welcomed a reverse brain drain as young professionals educated or working abroad are moving back home. Management is also very strong, demonstrated by America’s Fortune 500 where, out of 75 foreign chief executives, 10 are from India, far exceeding other emerging markets. ‘Most importantly, this is reflected in the Indian equity market which has compounded in at 12.8% over the last 10 years, compared with 3.1% in China and 2.8% in Mexico.’ My own portfolio reflects that progress, with shares in JII soaring by 88% over the last five years and by 148% during the last decade. Despite that, they remain priced at a 9% discount to net asset value (NAV). Better still, the same fund managers - Rajendra Nair and Rukhshad Shroff - have been at the helm since 2003. Your humble correspondent is jolly glad I bought shares in what was then Fleming Indian in June, 1996, at 66p each. They are trading at 751p now and Modi's fiscal and regulatory reforms may mean they have further to go. Either way, his electoral success shows that investors should not always fear the worst; political events can sometimes surprise on the upside.
loganair: Urjit Patel’s resignation gives investors reason to think twice about India: India’s economic policy is in turmoil after its central bank boss steps down. Urjit Patel, the governor of the Reserve Bank of India, has announced his resignation. He cited “personal reasons”, but the move comes at a time when the gulf between the government and the RBI is widening. The government would no doubt like to see an easing of monetary policy, which would create a politically convenient economic boom before elections in the spring. The saga raises questions about the attitude towards institutions of the ruling, Hindu-nationalist Bharatiya Janata Party. The core of the argument between the bank and the government could be taken from an economics textbook. The government, facing a general election next year and a large fiscal deficit, would probably like the RBI to ease up on monetary policy. Furthermore it would like it to hand over a bigger dividend from its seigniorage profits—in effect giving this money to the government to spend. That would likely induce inflation, eventually compelling the RBI, which follows an inflation targeting framework, to tighten policy. But in the meantime, there would be a short, politically convenient economic boom. The RBI, which does not need to get re-elected, is understandably less keen on this plan. Added to that basic story are plenty of subplots. The RBI wants to thrash India’s debt-addled public sector banks (which make up 70% of total banking assets) back into shape. The government would rather they were allowed to lend even more. Arguments swirl, too, about the regulation of private-sector banks. Kotak Mahindra Bank, one of the biggest, announced on the same day that it was going to court to stop the RBI from forcing its biggest shareholder, Uday Kotak, to divest some of his holding. The bigger question is what all this says about Indian politics. On coming to power in 2014, the prime minister Narendra Modi, and his party the Bharatiya Janata Party (BJP), offered a combination of liberal market economics and cultural populism. But as elections near, the first part of that has broken down. In 2016 the previous governor of the RBI, Raghuram Rajan, left office at the end of a single term after relations with the government deteriorated. He now teaches in America. Earlier this year, Arvind Subramanian, the government’s chief economic advisor, also resigned and returned to America to teach. In place, people like Mr Gurumurthy have become more prominent. According to Mr Rajan, speaking on television, the resignation—and what it says about the government’s attitudes to institutions—is something that “all Indians should be concerned about”. A sharp fall in the rupee seems to suggest that financial markets agree.
loganair: Market outlook 2018: Morgan Stanley more bullish on China than India Morgan Stanley has reduced the size of its overweight rating on India for 2018 to accommodate Brazil's upgrade to the overweight category where they expect a significant economic growth. China is its biggest overweight in the global context. "We reduce our overweight on India from +250 basis points (bps) to +150 bps previously. Key bull points for India in terms of the country model are increasing dividend yield trend relative to its country peers, combined with constructive views from our economist and country strategist. Weaker scores for India are its weak return on equity (ROE) and net margin trend," a Morgan Stanley report co-authored by Jonathan Garner, their chief Asia & emerging markets equity strategist says. However, they believe India is likely to remain in the midst of a domestic liquidity super cycle. Over the next 10 years, it expects $420 billion - $525 billion in domestic equity inflows that could have the power to keep India's relative multiples higher for longer. That said, the two key risks for India, according to the research house, are the rising oil prices and the fact that 2018 will see a number of state / assembly elections, which can keep the markets volatile. Going ahead, Morgan Stanley expects 2018 to be a tough year for the markets even though there are catalysts supportive of a continued rally. Central bank tightening globally and balance-sheet reduction in the US, slowdown in growth in China, busy election calendar in the Asia pacific region (ex-Japan) and a rise in oil prices are some of the key things that the markets will have to grapple with. In the Indian context, the research house expects the real gross domestic product (GDP) growth to accelerate to 7.5% in FY19 and to 7.7% in FY20, from 6.7% in FY2018, as the economy has already worked off the headwinds posed by demonetisation and the implementation of the goods and services tax (GST) bill. A pick-up in growth and consumption, in turn, will help boost private capex. In terms of sectors, they still continue to prefer banks; remain overweight on capital goods, food & beverage and tobacco sectors. Pharmaceuticals, household and personal products (FMCG) remain their key underweights in the Indian context. "For India Household & Personal Products, stocks look rich and margins are likely to decline due to higher material costs and competition, and are therefore a headwind to the earnings outlook. We also remain underweight on the largest pharma name - Sun Pharma - where we believe earnings should compress in the near term in view of lower US business - lack of new approvals, delay in Halol resolution, pricing risk at Taro portfolio - and higher opex (specialty front-end/R&D)," the report says.
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