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Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Japan Smaller Co Tst Plc LSE:JPS London Ordinary Share GB0003165817 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.50 0.78% 450.50 447.00 454.00 454.00 448.00 454.00 27,228 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 1.1 1.2 363.3 218

Jpmorgan Japan Smaller C... Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
03/3/2020
11:46
Looking good value at this level with a large discount to NAV and an under appreciated dividend
panshanger1
09/1/2020
16:26
from Investment Trust Insider Ian Cowie: it’s time to add a new Japan trust as Shin Nippon goes off the boil Ian Cowie: it’s time to add a new Japan trust as Shin Nippon goes off the boil Do investment trusts with the word ‘income’ in their name bribe shareholders with our own money, turning today’s capital into tomorrow’s yield at the cost of lower total returns? Where can British investors seeking international diversification find good value after the longest bull run on record? What should long-term investors do when a favourite fund suffers short-term setbacks? These are three of the questions I wrestled with before adding another investment trust to my portfolio. The first question has widest application for anyone who suspects the current dominance of ‘growth’ funds and shares - whose main aim is capital gain - over ‘value’ funds and shares - which usually pay decent dividends - cannot last forever. Digital disruptors often offer low or no income but have shot the lights out with the highest total returns in recent years. By contrast, high dividend yields have often indicated value traps. But a trend is only a trend until it stops. Dreams of capital gains can disappear in an instant - or a profits warning - but the discipline of dividends - or investing for income and being paid to be patient - can help us cope with with stock market shocks. That’s why this DIY investor, who hopes to fund retirement, has tended to favour shares which pay some income. Until recently, that ruled out one of the largest economies in the world - which also happens to have missed most of the fun in the current bull run. Japan’s best-known stock market index, the Nikkei 225, is still trading at not much more than half the peak it hit 30 years ago. Expressing share prices as a multiple of earnings per share is another way to assess whether a market is cheap or expensive. That can be further refined to take account of recent valuations and produce a cyclically-adjusted price/earnings ratio or CAPE. On that basis, Japan’s CAPE of 22 looks good value compared to America’s 31, according to analysis by StarCapital. Better still, partly in response to reforms introduced by Japan’s longest-serving prime minister, Shinzo Abe, many stocks traded in Tokyo have begun paying dividends. Sad to say, that has not been reflected in returns from my longest-held Japanese investment trust, Baillie Gifford Shin Nippon (BGS), which continues to shun the notion of delivering value to shareholders in the form of dividends. I had better say straightaway this didn’t bother me when BGS delivered terrific total returns of 196% and 677% over the last five and 10-year periods, according to Morningstar via the Association of Investment Companies. But it did begin to niggle when returns fell to a more mediocre 7.2% last year. That made me take a closer look at what is happening in this sector and I noticed that JPMorgan Japan Smaller Companies (JPS) not only delivered a dividend yield of 4.1% but an eye-stretching total return of 32% last year. So the jibe at the start of this piece is not necessarily true. Alan Brierley at the stockbroker Investec Securities explained: ‘JPS adopted a new dividend policy in April, 2018, and aims to pay quarterly dividends equivalent to 1% of the company’s NAV on the last business day of each quarter, giving investors unique exposure to an exciting asset class.’ Against that, Emma Bird at the stockbroker Winterflood Securities pointed out: ‘Despite BGS having underperformed recently, we rate Baillie Gifford’s team very highly and would expect its benchmark-agnostic, growth-focused investment approach to continue to deliver very strong returns for shareholders over the long‐term.R17; What to do? I have hedged my bets by retaining BGS as a top 10 holding by value in my ‘forever fund’ and, instead of topping it up, added JPS to the mix, buying at 431p per share. With luck, this might give me income and growth. Put another way, when I can’t decide, I can always diversify. Or, as journalists sometimes say, the editor’s indecision is final.
robow
27/7/2018
11:27
Discount will close to 0 over a few months i expect. yield of 4%, good capital growth and sterling diversification - will become more popular as more buyers become aware. It also worked well with IBT over time.
nimbo1
03/7/2018
20:33
Proposing to pay a 4% dividend from capital account. hTTp://citywire.co.uk/investment-trust-insider/news/japan-small-cap-trust-prays-4-dividend-will-attract-investors/a1134491?ref=investment-trust-insider-latest-news-list
yupawiese2010
19/2/2018
17:24
I'm sure it will when Japanese ITs are in favour.
chinahere
19/2/2018
15:19
Yes well I hold and I was attracted to the discount to NAV, but will it ever narrow?
chopsy
14/2/2018
19:05
I've looked into this after seeing it mentioned in Investor's Chronicle. Nice discount to NAV and I do like smaller companies so I will be buying this shortly I think.
chinahere
02/2/2018
12:52
I created this thread to have the news, esp the NAVs easily accessible. So the NAV is up 7 today and the price goes down by 2p!
chopsy
02/2/2018
12:49
!FOLLOWFEED
chopsy
08/1/2016
12:57
added to my holding today on the recent drop woody
woodcutter
16/12/2015
12:20
Smaller cos in Japan is one of the few areas where there is growth. With a low yen, cheaper energy and nacent signs of China recovery, this growth could continue. The sub shares appear very atractive. I hold. L.
lenses
09/4/2015
12:47
Reaching for the skies. JPSS profitable on a 6% increase in JPS in 18 months - a good buy.
chrisdonohue
23/1/2015
10:51
I've been a holder for some time now - no 'real' movement in the price of JPS in proportion to actual share prices.... Can anyone explain to me why buy JPS for Abenomics reasons, when, at the same time, the GBYJPY exch rate has gone from circa 120 to 190 (60% increase?. Thereby de-valuing the underlying Japanese share prices in proportion. Yes, Japanese share prices have increased, but exch rate has suppressed any real increase in JPS value Am I wrong? The same will happen with Dragi's QE?
davemake
09/1/2015
12:51
Recently built quite a hefty holding here but 243p for the subscription share exercise price seems some way off. It will be interesting to see how this goes this year i expect abenomics, the oil price drop and yen weakness aiding exports to be very favourable. woody
woodcutter
15/12/2014
19:15
hTTp://www.investegate.co.uk/jpmorgan-jap-smllr--jps-/rns/bonus-issue-of-subscription-shares/201412151536228108Z/
yupawiese2010
11/4/2013
09:03
http://economictimes.indiatimes.com/markets/global-markets/bojs-new-stimulus-measures-to-boost-nikkei-more-drag-yen-poll/articleshow/19489882.cms?
knowing
08/4/2013
16:21
The whole of Japan is on fire.
knowing
08/4/2013
16:11
The NAV has actually fallen since month-end from 206p to 204p. This despite the Nikkei jumping by 6%. Reason? - the fall in the Yen I suppose.
grim
05/4/2013
10:42
http://www.moneyweek.com/investments/stock-markets/asia-and-japan/money-morning-buy-japanese-stocks-63400
protean
25/8/2011
15:35
Should be time to buy a few back soon
the avoint
01/8/2007
17:58
A pretty high forward P/E at the moment http://seekingalpha.com/article/40402
kiwi2007
01/8/2007
12:36
Does anyone have a feel for where the Jap Smaller Co market is going? Still down?
quantumx
22/7/2007
23:15
Is this what you are looking for ? free stock charts from www.advfn.com
knowing
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