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Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Indian Investment Trust Plc LSE:JII London Ordinary Share GB0003450359 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -0.9% 550.00 551.00 556.00 556.00 551.00 555.00 45,049 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.4 -0.5 -0.5 - 578

Jpmorgan Indian Investment Share Discussion Threads

Showing 2101 to 2124 of 2175 messages
Chat Pages: 87  86  85  84  83  82  81  80  79  78  77  76  Older
DateSubjectAuthorDiscuss
07/1/2020
01:22
In terms of NAV GBP to INR is also a factor, nearing 95 level again.
essentialinvestor
06/1/2020
22:09
While forecasts of India's long-term economic trajectory are promising, growth in the past year has been much slower than many had predicted. Observers had anticipated the nation's economic growth would be strengthened by the re-election of Prime Minister Narendra Modi who demonstrated in his first term a focus on modernising the economy including through a clampdown on corruption, a simplification of the country's arcane tax system, the introduction of a goods and services tax and making India a serious destination for foreign investment. "It hasn't really gone that way," Dr McKay said. "They won the general election, but the economy is not purring along, it is stuttering. India's economy slowed for the sixth quarter in a row in the July-September quarter, with GDP growth dipping to a six-year low of 4.5 per cent.
loganair
06/1/2020
16:05
Added a very small amount. If equity volatility continues for EM's then this may be hit hard.
essentialinvestor
06/1/2020
08:56
Looks to be heading down to the 700p level again. Question is whether to buy a few around that level; or again hold off for 650p. Global macro may dictate...
skyship
06/1/2020
08:45
Higher oil price is particularly ugly for the Indian economy atm, already dealing with sharply slowing growth.
essentialinvestor
20/12/2019
08:39
I wish you all a very Merry Christmas and a Happy New Year. Let us see if 2020 can see this Investment Trust reach that elusive £8.00 price area.
bapodra_investments
23/9/2019
18:46
WOW. Impressive price appreciation of JP Morgan Indian Investment Trust PLC. All this in two trading days.
bapodra_investments
22/9/2019
19:24
Fantastic speech from Narendra Modi in Houston, Texas - USA. This was in front of US President Trump. Just brilliant. Modi speaking and Trump listening in his own country.
bapodra_investments
22/9/2019
08:57
Yes this is a big buying opportunity or chance to top up any existing investment in India. Narendra Modi has just lit the fuse for a potential rise in Indian equities with this slash in Corporation Tax from 30% to around 25.75%. This is pro business in India. Businesses are what make up the Indian stock market. In theory Indian equities should rise in the coming weeks and months with this news bar any major political or economic bad news event.
bapodra_investments
20/9/2019
14:58
Yes up big, it was a buying opp!
chc15
20/9/2019
12:36
India slashes corporate taxes to give a boost to economy https://www.ft.com/content/ad7ad838-db69-11e9-8f9b-77216ebe1f17
sllab101
18/9/2019
08:22
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
18/9/2019
07:13
Yes, I think anything under £7.00 is a buying opportunity and top up time. The risk is that due to economic and political uncertainty around the world that India's equity markets decline further as foreign investment and capital leaves India, albeit on a temporary basis.
bapodra_investments
17/9/2019
11:30
Now under 7, buying opp soon..
chc15
01/7/2019
18:22
It seems that new highs are being formed which makes me positive for the £8.00 price level which should be hit soon.
bapodra_investments
25/6/2019
14:40
India’s economy needs to grow at 8-10 per cent annually if good jobs have to be provided to those joining the workforce, eminent economist Arvind Panagariya has said, emphasising that an export-led growth is very critical for creation of good jobs in the country. Panagariya, who served as the first Vice Chairman of the NITI Aayog from January 2015 to August 2017, underscored that for trade to grow, the country has to be open. As tariffs are going up on many different items, he said the “whole idea of turning back to import substitution turns the clock back (for India). It is on the back of trade liberalisation and very rapid export expansion during the 2000s onwards that the (Indian) economy really began to grow at this very rapid rate.” “We have to return to becoming an export-led growth country,” Panagariya, delivering the keynote address at a panel discussion on ‘Economic Priorities for the New Government’ of Prime Minister Narendra Modi, said on Monday. He said that the Indian economy grew at a “very impressive” rate of about 7 per cent plus during the 15-year period from 2003-04 onwards. In the last five years of Modi’s first term as Prime Minister, the growth rate was a robust 7.5 per cent. “But we need to get to 8-10 per cent if good jobs are going to be provided. The export-led growth is also very critical for good jobs, he added. He stressed that there is not a single country which has grown on a sustained basis at rates of 8-10 per cent for 2-3 decades without very rapid growth in trade. He further emphasised that by increasing exports, imports will also automatically grow “because the whole point of exporting is so that you will import in return.” Panagariya added that he has always maintained that India’s problem is not unemployment but low wages. “The debate hovers around the unemployment rate - even if you take the latest unemployment rate which is seen as the highest ever in 45 years at 6 per cent. Unemployment is not the huge problem in India, low wages is, he said. He elaborated that a lot of the employment in India is self-employment. “So about 44 per cent in agriculture and then of the remaining almost 75 per cent of the employment is in these companies which have five workers or less. They are hardly companies. What that translates into is a very low level of productivity, very low level of wages. These are what are called the mom-and-pop enterprises, he said. He asserted that unfortunately in India, there is a huge preoccupation with micro and small enterprises and there are hardly any medium and large firms. “We need to have medium and large firms. This is where the whole link to exports is very important, he said adding that it is the medium and large firms that give boost to export activity and compete with the best in the world. Going forward, India also needs cleaning up of the Non-Performing Assets and in the next five years, privatisation of banks has to be on the government’s agenda. Panagariya also made a strong case for creating Shenzhen-style Autonomous Employment Zones that create zones of 500 square kilometres or more along the coast that are characterized by highly entrepreneur-friendly regime with respect to land, labour and international trade to boost economic growth in the years to come.
loganair
20/6/2019
15:00
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
05/6/2019
22:20
Spot on Bapodra Investments & Loganair re development and infrastructure in India. You may want to look at Infrastructure India (IIP)
solisla
04/6/2019
11:18
May saw the strongest improvement in the health of India’s industrial sector in three consecutive months. The growth was driven by a significant upturn in demand for consumer goods. Marking a recovery in the country’s manufacturing sector, the Purchasing Managers’ Index (PMI) expanded last month, rising to 52.7 against 51.8 in April. The latest results indicate the 22nd consecutive month that the country’s manufacturing PMI remained above the 50-point mark. The survey also revealed increasing employment. When it comes to inflation, analysts say that the price pressures remained relatively muted, with goods producers leaving selling prices unchanged on the back of a mild rise in overall cost burdens.
loganair
03/6/2019
17:54
I have not been to Surat recently but I am told by friends and relatives that it is mindblowing. On my previous trip to India I stayed at a 5 star deluxe resort called Madhuban Spa and Resort in Anand, Gujarat. It is about an hour drive from Ahmedabad. It was fantastic. I could not believe I was in Gujarat. It was pure luxury and heaven.
bapodra_investments
03/6/2019
17:52
I agree. I go to Gujarat more than other parts of India and Gujarat is the economic powerhouse of India in terms of growth. The metro system in Ahmedabad is being implemented. The GIFT City in Gandhinagar is amazing. I had a meeting and tour back in August 2018. It is wonderful. The bullet train from Ahmedabad to Mumbai is being built. This journey will then only take a couple of hours! When you look at the airports at Delhi, Mumbai, Chennai, Hydrabad, Bangalore, these are all impressive. Others are due an upgrade and this will all continue and India continues to grow. I think the roads will have to improve and will improve as the higher middle class shift from motorbikes into cars (four wheelers as they call them in Gujarat). Some of the express highways are very impressive and actually on par with the US and UK. I went on the Baroda Express highway on my recent trip to India and was very impressed. All the things you state will happen but it will take time as it is no mean feat based on the size of the country and population. The UK is a far smaller country with far less population.
bapodra_investments
03/6/2019
12:01
The airports are being modernized and made better, however the roads and railways definitely need upgrading and modernizing thereby being able to better and more easily transport goods around India. This will help to increase India's GDP further and also increase employment.
loganair
03/6/2019
11:58
It seems it is just me and you (loganair) on here. Modi is already making inroads into the infrastructure. It is improving all the time. However with the size of the country, population and governance these things take time. If you get a chance then watch the lecture / presentation that Gurcharan Das gave at Oxford University. He writes for the Times of India and has written a book on Narendra Modi. I include it below for you. Gurcharan Das | We SHOULD Have Confidence in Modi's Government (8/8) | Oxford Union https://www.youtube.com/watch?v=_jRnL1T9ibw
bapodra_investments
03/6/2019
11:51
I disagree as I think the key for Modi is to improve India's infrastructure, especially the road and rail networks.
loganair
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