Jpmorgan Japan Small Cap... Share Discussion Threads

[brucie5] 01/12/2023 18:15

Yes indeed. Why the huge drop from 2021?

[cerrito] 01/12/2023 17:55

A very professional commentary by the portfolio manager in the interims today and worth a read, I think, explaining why their performance was below the benchmark.
Good that they are doing buy backs to narrow the discount.
I see current NAV is 341p down from 349p at September 30 and a 12pc discount.
No intention of selling my holding but not inspired to buy more

[brwo349] 18/10/2023 13:40

At under 300p this is a good one to tuck away.

[cerrito] 26/6/2023 10:23

Thought of my smallish holding in Jsgi when I read this in today's FT Unhedged
Quote
Second, Schmitz looks at multiple expansion by stock size. Though small caps are cheaper and have better expected revenues, it is large caps that have risen most this year.

[cerrito] 04/8/2022 14:56

I have a smallish holding here and do not follow as closely as perhaps I should and thanks for setting up this thread...just stumbled onto it and was not there last time I looked.
I listened online to the AGM.
Writing up my notes today I see that someone asked about page 20 of the AR. I went there and it was to me rather incomprehensible ESG stuff. Is the person who asked the question reading this?
One concern I had was if they were invested in companies who were being forced to raise funds in these unsympathetic markets and was pleased that the answer to my online question was there were no such cases in the last year.
Too bad that I have only just seen that they have negative revenue reserves and would have been good to kick the tyres on dividend policy.
Let's hope I organize myself to do that next year.
Well done to those who bought about 3 weeks ago. I do not see myself buying or selling.

[peckers56] 27/7/2022 17:08

123ct: Because of the train strike, I left home extra early so didn't see your post until now - no mobile phone!!. However, the NEW lead investment manager did say in her presentation that Japan's inflation rate is very low (currently 2.4%). So IMO I would have thought interest rates are unlikely to change.

[123ct] 27/7/2022 10:16

If you are able to ask any questions it would be useful to ask if they think BOJ will change interest rate policy as this has caused a huge fall in the yen so accounting for a sizeable amount of falling performance

[peckers56] 26/7/2022 22:54

Despite tomorrow's National Rail strike, am hoping to still attend this years AGM. This trust appears to have few ADVFN followers (based on around 15 comments in the last 6 month [very low]). Can't guarantee to raise any questions YOU might have, (especially if notified after 8:00 am tomorrow - no mobile phone, only a desktop!!), but, should the opportunity arise, will endeavor to ask (on your behalf) any "reasonable" questions?

[tonytyke2] 11/5/2022 13:11

ok, well this is what it states on the website.....

'The Company pays quarterly dividends without compromising on the objective of achieving capital growth, funded from dividends from investment holdings and capital reserves, equivalent to 1% of its net asset value, set on the last business day of each financial quarter'.

[brucie5] 11/5/2022 12:59

Thanks Tony, please do and report back!

[tonytyke2] 11/5/2022 12:38

Hi Brucie5, I am thinking of adding at these levels, near 8% discounted to NAV but I am sure I read somewhere, (factsheet?) that the dividend is linked to the equivalent of 1% of NAV? so unless the NAV increases, I don't think the dividend does, but I could be wrong.I will have to find where I read this, when I get chance.

[brucie5] 03/5/2022 16:34

Looks like the fall is to continue below £3. If it hits £3 as in 2020, there should be about 7% yield..?

[panshanger1] 25/4/2022 08:25

New 52 week low here as the pain continues At least we get a decent yield here to compensate

[rob the slob] 01/4/2022 14:35

I put it down to Increase in inflation risks perceived by the market which disproportionately affect smaller growth companies / tech companies globally. Look at similar ITs in Europe UK and USA.

[wayneduncan] 14/3/2022 17:58

anyone got any idea why this has been absolutely smashed apart in the last few months?

[ammons] 16/2/2022 05:17

How does this trust manage such a high yield with very little easrnings (according to the LSE site) from where it pays it? Is it just paying capital back to shareholders?

[mister md] 15/2/2022 12:28

came across this one last week and decided to invest based on the re-trace in price and current dividend yield - despite not having heard of any of their top 10 investments ;-)

[contrarian joe] 09/2/2022 15:12

Thanks RC Turner2,have been accumulating in the 380s myself,a growth orientated fund unloved at the moment due to rising bond yields.

[rcturner2] 09/2/2022 14:53

No problem. I was pleased to get into a pretty solid trust and a 10% discount and happy to sit on this for the long term and take the dividend. Japan is still a good long term economic player imho.

[panshanger1] 09/2/2022 13:23

Thanks RCT for starting up a new thread Interesting entry point I would have thought for those lacking diversification

[andyj] 07/2/2022 16:15

Indeed, Japan will bounce back after omicron. I have been nibbling here.

[rcturner2] 04/2/2022 08:46

Since there is no thread for this investment trust I thought I would start one.

Currently on a 10% discount with a yield of 5.72%