Jpmorgan Indian Investment Share Discussion Threads

[werock] 29/11/2008 23:30

When Jim Rogers said something dismissive of India and its government when it comes to putting his money there, I didn't quite get that. What happened in Mumbai is illuminating. Indians are way behind superpower status. They are big-mouthed and unable to do anything. They just enjoy showing off. But always get screwed up.

[martinc] 29/11/2008 20:36

What's the PE of the Indian stock market now? I seem to remember it was a tad over 20 at one point, and it's very roughly halved.. so a historical pe of 10 might be in the right sort of area?

[hectorp] 23/11/2008 19:01

Double Bottom? long here.

[hectorp] 15/11/2008 11:40

I take that back.. India may do OK through this downturn, in fact India may be the best! of the emerging economies over the next year or so

The Fund price is down almost 50% this year . Much scope for recovery.
I'll say 20% most likely in 2009 - a good return when interest rates will be 1-2% here.
I am very tempted back in. Support is around 190p but resistance is around 290p ( 50p higher, and so that sum should appear by January).

[hectorp] 08/11/2008 19:05

Well they wont affect us in 2009. BUT - this smallrally is toppy and won't hold :-(

[tuckswood8] 05/11/2008 11:27

CORPORATE ACTION NOTICE

4th November 2008

Security Held: JPMORGAN INDIAN IN ORD GBP0.25
Security Code: 0345035
Corporate Action Event: Stock Distribution

This is to notify you of a Corporate Action that relates to a stock that you currently hold. Please take the time to read the contents of this notice.

JP MORGAN INDIAN INVESTMENT TRUST PLC

CORPORATE ACTION EVENT TERMS:

JP Morgan Indian Investment Trust is proposing to effect a bonus issue of subscription shares on the basis of 1
subscription share for every 5 existing ordinary shares held.

The expected ex-entitlement date of the bonus issue is 5th November 2008.

Each subscription share will entitle the holder to subscribe for one ordinary share from 2nd January 2009 until 2nd January 2014.

The conversion price will be equal to the unaudited net asset value (NAV) per ordinary share as at 5.00 p.m. on 29th October 2008, plus a percentage premium, rounded up to the nearest whole penny as follows:

(a) if exercised on any day between and including 2 January 2009 and 2 January 2010, a 1% premium to such NAV per ordinary share;

(b) if exercised on any day between and including 3 January 2010 and 2 January 2012, a 10% premium to such NAV per ordinary share;

(c) if exercised on any day between and including 3 January 2012 and 2 January 2014, a 30% premium to such NAV per ordinary share.

[tuckswood8] 03/11/2008 13:38

arja - take a look at the details on trustnet

[arja] 03/11/2008 11:37

does this one usually trade at a premium to NAV please? highly unusual!!

[tuckswood8] 31/10/2008 16:32

Back in at 234 this morning having sold my long-term (3yrs) holding at 308 in July.

As Hectorp said "these markets make traders of all participants"

[apetley] 26/10/2008 06:38

I was ready to sell the kids and put the proceeds on this when it hit 250 but glad I didn't.
How much lower can it go?
Must be a candidate for recovery play of the year when things turn around.

[hectorp] 16/10/2008 13:31

Buying some more around 223.

[hectorp] 10/10/2008 21:57

Ouch, is all I am saying, it just gets cheaper though.
But the fund hasl now halved this year... which is an oversell.

[hectorp] 30/9/2008 13:08

Japan down 4% last night: yet JII recovered by 5% ( but it was oversold last night by over 20p)

[hawks11] 26/9/2008 07:43

You can say that again!

[hectorp] 25/9/2008 20:12

These markets make traders of all participants, the rest lose all.
India seems a better play than China IF China's banks have their own subprime problems.
I really hope they do not!

[hectorp] 25/9/2008 20:12

These markets make traders of all participants, the rest lose all.
India seems a better play than China IF China's banks have their own subprime problems.
I really hope they do not!

[hawks11] 24/9/2008 12:16

Hectorp, no worries about that, I have held these before but got out back in May but have been keen to buy back in and keep these on my shopping list. I have also been a holder of Vedanta Resources off and on but had to get out on the big downturn. When they move they do so pretty dramatically. I hate to trade but have been caught out holding on in these dramatic times.

[greenpastures] 23/9/2008 18:59

Just don't forget this is the worst financial crisis since the Great Depression. I am not confident we are out of the woods.

Also don't forget that in the long term India has got some difficult things to resolve such as high population growth and a likely water and energy shortage.

In the short term there is inflation to worry about as well as the world downturn.

[hectorp] 23/9/2008 18:43

well hawks I hope you and I are both prove to have decent prescience.
I trust you didn't buy because of what I wrote. I'm not inclined to advice.
H. PS I see China is holding up better - but is not so volatile.
I appreciate the volatility but not the downside part of volatility!
Over several months we SHOULD do ok. If we do not , no sector will IMO.

[hawks11] 23/9/2008 16:49

Well I bought back in this am and it continued down but I expect the strong rise forcasted by Hectorp when the markets stabilize.

[hectorp] 22/9/2008 04:38

FAr east surges for 2nd day... ( Bloombrg)

[hectorp] 20/9/2008 11:39

THe UK and the US should not now be good examples of growing free markets, which means I am placing even more store on India. It IS a good example of such. Here we have at LEAST 8% growth.

I suspect even more overseas monies will start making their way into India /and this fund in coming months. I can see a 30-40% risse in this Fund by Christmas - I cannot speak of course longer term.
H.

[hectorp] 19/9/2008 21:40

can worry about next year after January! My concern is next week.
Decent close on Wall St.