Jpmorgan Indian Investment Share Discussion Threads

[binladin] 13/2/2008 16:27

This will remain here or move up.
This is oversold. Currently represents a good buying opportunity.

[dennisbergkamp] 13/2/2008 15:40

The spread is the smallest I've seen on this.. - and why is it so close to NAV at the moment? - Think its over valued currently..

Downward trend for the mo' IMO.

D.

[binladin] 13/2/2008 14:12

450P will be broken this week.

[hectorp] 13/2/2008 14:05

I noted that and agree- only 2% expeorting to USA last year. Low exposure ( though some) to credit crunch. Could well outperform China.

ON a short term note I'm still long JII which was up 22p yesterday and down 15p today. It will be useful if it can form a support around here.

[binladin] 13/2/2008 08:34

The Indian ecomomy is the only one that will out perform the rest of the world over the next 5,10,15,25 years. Its best asset is its highly skilled cheap labour force.India only exports 2% to the USA and this years GDP is at 9%.

[hectorp] 12/2/2008 17:10

Put on 22p in anticipation of recovery in India in the early hours. This may roll round the world , if it holds up.

[hectorp] 12/2/2008 16:34

I bought this AM for a couple of days trading, which could pay off, but after that who knows.

[m4ybe] 11/2/2008 14:06

unfortunately market sentiment is a different thing to economy performance - look at China 2000-2005 (down more than 50%) then up 100s of % then down 30% now, while the economy did a steady 10% growth (as far as I can remember, perhaps wrong)

I'm in India a little on the offchance of bull market continuation but the big trade is waiting for a long bear market to look like it has bottomed out. But I just hope I would have the nerve to buy it then, probably not!

[hectorp] 11/2/2008 09:30

Seems now to be a bit of support around 400/10 level.. India only exports 2% to the US: China 8%, Malaysia 16% for example. We could be getting close to reinvesting here.

[hectorp] 22/1/2008 08:42

INDIA one of the worst hit, having rallied strongly for so long.

THis crash, or whatever, is washing the shares and cleaning them all for the enxt upswing. The market is not finished.

[nerja] 16/1/2008 11:25

markth, been looking at RBS and BARC, they all look great but still keep falling, I think there is more to come but when its all clear whats happening I think even if you miss the bottom 10% to 15% they will still be fantastic buys I am going to sit on my hands wait and wait until it looks like a no brainer if there is such a thing.

[markth] 15/1/2008 23:39

OT I know but ITV looking oversold now. RBS, BARC also cheap.

[hectorp] 15/1/2008 12:23

Can I ask, are you suggesting JII is a buy or hold because it is buying share into treasury, but JMG and JRS are not , and so would not be buys? sorry your last post wasnt too clear to me.

PS note regarding my idea about JMC 120-140... I'm not giving advice, that could lead you to any sell of JMC, it was just my non-professional view. As well to say that these days.
H.

[nerja] 15/1/2008 09:25

For what it worth guys done a trawl through the trusts again, no buybacks on Jrs since march, none on JMg, JMC all into treasury, JII since aug, 8 of the nine into treasury JAI one in aug for cancellation, the other trusts mega amounts all for cancellation and a little supprising is claverhouse done loads as well but go take a look at the 10 top holdings, the miners, the oils, vodafone, bt , pharmas, ok a couple of banks but it dont leave me with much confidence in any but the ones mentioned.

[nerja] 15/1/2008 08:16

Hectorp,yep agreed, my favorite JRS. Would you adam and eve it again though put in the order yesterday to sell the rest to transfer the sipps wont know till i phone tomorrow what price, down day all over so frustrating.
Got to say thanks big time once again to you it was your 120p to 140p range post on JMc that really intiated my move to sell last week so got higher prices for over 55% last tuesday, so i will just pray the transfers quick so I can buy back soon.

[hectorp] 14/1/2008 21:03

nerja, yes avoid UK, US, but East Europe and Russia look fine.
I hope JMC isnt compromised by its management situation ( or JII).

[nerja] 14/1/2008 17:51

markth, i dont think etrade are too happy with me I took them to the fsa several years back for about 10k, they kicked me off then.

Agree totally about the buybacks, the JMC, JII being mainly going into treasury its a good sign but the west & japs they are selling shares to buyback for cancellation like theres no tomorrow, it does make you wonder what they know. When you see write ups about JPm increasing their hong kong staff by 500 more it seems they too know the way forward.

[markth] 14/1/2008 17:43

nerja

I have a SIPP with e*trade, which I am pretty happy with. You can buy most permitted investments in it. Very low cost to set up, and no annual managament charge if you have >£100k. £8.95 a deal, less if you trade more often. Their quotes are almost always inside the spread, but they sometimes have trouble filling orders above NMS.

Re the reason for buybacks. I have always thought that, in a closed end fund, keeping shares in treasury was done to buy cheap and keep if they believed the future was bright, whereas cancelling shares was to narrow the discount or fund a divvy or free cash to buy some different (new) lines of stock. In other words, putting them into treasury is always a good sign but cancellation you can't be sure one way or another.

[brewster] 14/1/2008 13:44

Nerja, I also used to have a JP Morgan Pension and found those dealing dates very frustrating. If you transfer to another provider the costs incured will be worth paying in the long run as you will be able to trade your funds instantly online.
If you do decide to transfer it is quicker to sell all holdings and transfer cash rather than transfering you JP Funds which can take a lot longer.
Check out Sippdeal or Alliance Trust

[nerja] 13/1/2008 16:06

Hectorp, thanks for that info some good points to take on board, I kid you not the wife who works for the halifax has just informed me she can get a staff discount on running the sipp, this after working for them for a year, dont you just love them. Not sure about the buyback understanding though but I think its something very much to bear in mind. The thing is as well JPM is a sub prime sufferer itself so really they have inside info to how bad it is so may be the fund managers are privy to this and are scaling back on shares in the markets they think will take the biggest hits, I forgot the euro ones as well are cancelling lots, it at least tells me to stir clear of the west and japan for now if nothing else.

[hectorp] 13/1/2008 15:05

nerja, I can see YOU understand the buyback situation more than I do. I'm afraid I can't fully fathom it all.
As regards your SIPP clearly youc ans ee restrictions in your current setup. Will the present situation be sustained or return you better gaisn in coming months? if not, switch to a general SIPP eg with Sippdeal whish is where I am. However I am not giving advice, I must add.
- West doing a Japan, very possibly, I feel safer with my funds in India, TEM etc, at least I am not suffering Sterling depreciation on these holdings. Same goes for DDC, RUS.
I know the emergers have had a great 2 years, however taking a 5 year view from today, they mays till seriously outperform UK held sterling FTSE shares
( for example). At some point we all need to make very profound philosophy and economics decisions. MAybe hedging is very sensible too just now.

[nerja] 13/1/2008 14:07

Just took a look back to June on the buybacks on JII theres been about 9 all except this last one have been to put into treasury to sell later at a premium, which makes this last cancellation one all the more confusing for me, from what i see its a support move.