Jpmorgan Russian Securit... Share Discussion Threads

[jfinvestments] 22/2/2022 12:11

Germany not certifying Nord Stream 2 pipeline.

[galeforce1] 22/2/2022 12:01

Loganair seems to have called this well.

It won't be too long before the West accepts the Russian annexation of the Donbass in the same way it accepts the annexation of Crimea. These places are inhabited by Russians who want to be part of Russia. It's self-determination, an argument that the British were always keen to stress through the exit-from-Empire era.

Something tells me that the UK's sanctions will hurt the UK quite alot more than they will hurt Russia. It's masochism, and all for a small, bleak region about 3000 miles from Britain!

[lionheart79] 22/2/2022 11:43

Well I'm out. Up on the day now? I don't understand the price action at all. Clearly outstayed my welcome.

[lionheart79] 22/2/2022 11:31

I don't understand the risk I must admit and wish I'd sold last week (or October, like us all!). If Russia does a full scale invasion, will trading be suspended due to Western sanctions? Will UK ownership of Russian assets be confiscated by Russian authorities? Or is it not likely to be that bad and we will still receive dividends etc?

[robertball] 22/2/2022 11:31

Oh I don't know. Energy squeeze for at least 4 years.

[jfinvestments] 22/2/2022 11:22

That won't happen, 400-500 range - worst case scenario for me. I think it will sit between 500 and 600 for the foreseeable. Heights of 700 to 800 are a long way off in my opinion.

[robizm] 22/2/2022 08:44

Topafrezy go back to bed

[topazfrenzy] 22/2/2022 08:21

200p on the way here, stay out, the fund might well be forced to be wound up ...

[arja] 22/2/2022 07:43

Russian ruble pounded and that affects this Trust surely .

[jfinvestments] 21/2/2022 20:43

White House press secretary Jen Psaki said in the statement that Joe Biden will be issuing an executive order that will "prohibit new investment, trade, and financing by U.S. persons to, from, or in the so-called DNR and LNR regions of Ukraine".How does that affect this trust?

[loganair] 21/2/2022 19:40

Putin has just signed official recognition of the two self-declared republics.

[loganair] 21/2/2022 18:51

I'm not worried as seems to be going the way I posted a couple of months ago, the separatist areas seem to be going the same way as the Crimea.

1. Russia recognises their independence.

2. Both regions hold referendums which vote infavour of becoming part of Russia.

3. Both separatist areas are then integrated into the Russian Federation.

4. During all this time Western Governments will send out messages of strong condemnation and give Ukraine every support, sending strong messages of support short of actual help.

[smidge21] 21/2/2022 18:48

We can only assume that Vlad is short; maybe a market rout is one of the last pieces of his jigsaw

[aurelius5] 21/2/2022 17:45

On a 10% forward yield at this price - if they can get the money out.

[dope007] 21/2/2022 15:03

Had a nibble again

[topvest] 21/2/2022 14:39

Yes, panic setting in. The Russian market is very cheap indeed.

[jfinvestments] 21/2/2022 12:04

I saw some flights cancelling to Ukraine and the fact Moscow have played down the idea of talks could be weighing on the market? I still feel the price has to be below 600 to be considered a buy in this climate.

[arja] 21/2/2022 08:43

but has plunged today even with better news on Ukraine . has it gone ex-div and I must check that out?

[beltd] 18/2/2022 13:02

If you want exposure to Russia there is a dwindling amount of funds that'll give it. Question is do you want exposure to Russia. If we muddle through this significant event, this fund looks a bargain as the high commodity prices are here to stay. My thumb hovers over the buy button

[loganair] 17/2/2022 16:56

The meat of the Moneyweek article:


But Charlie’s right – it is cheap, for sure. Gazprom is Russia’s largest company and its price/earnings (p/e) ratio is four; Lukoil is yielding nearly 7% while Sberbank is on a p/e of five and yielding nearly 7%.

The JP Morgan Russian Securities investment trust (LSE: JRS), I think the only investment trust specialising in Russia, yields 7% and is on a p/e of two.

“A low p/e ratio,” says Investopedia, “can indicate either that a company may currently be undervalued or that the company is doing exceptionally well relative to its past trends”.

The Russian market is heavily geared towards natural resources – 40% to hydrocarbons alone – and we are in a commodities bull market. And if you are looking for a catch-up trade then Russia is it – its companies have not moved as much as the rest of the market.

Maybe the way to play it is to eliminate individual company risk and go for the JP Market Russian Securities trust.

Markets are clearly edgy about the potential for actual conflict in Ukraine. At the end of last week, everyone thought it was imminent. Yesterday, all of the newly-minted geopolitical experts decided that it wasn’t going to happen at all. This morning, markets tripped up on reports of shelling in eastern Ukraine.

Who knows what’ll happen?

But maybe, if you conclude that this is more cold war than actual war and that Vladimir Putin is just flexing his muscles and giving the west the runaround, then the subsequent deals he is going to secure as a result of not invading mean that now is the time to play the Russia game.

I’m not wholly convinced.

But you can’t argue with cheap.

[value hound] 17/2/2022 13:38

Interesting article; hXXps://moneyweek.com/investments/stockmarkets/604476/buy-russian-stocks-while-they-are-cheap?utm_campaign=moneyweek_newsletter_20220217&;utm_source=moneyweek_newsletter&refid=F0AAB6F5040FCA4ABBDC67BF14B9A7B9&utm_medium=email

[loganair] 15/2/2022 20:21

As I posted not so long that I though highly likely to happen has just happened, the Russian parliament has just voted to recognised the separatist held areas of the Donbass as independent states.

Then most probably this area will hold a referendum to join the Russian Federation which Russia will naturally accept and before the years end the separatist held areas of the Donbass will be integrated into Russia.

[jfinvestments] 15/2/2022 16:25

I don't doubt that without Ukraine it is worth more, I held for a long time due to the cyclical nature of the portfolio, but personally feel the risk of holding now isn't for me. I'm looking at EU trusts and added to some Indian growth funds instead.