Jpmorgan Russian Securit... Share Discussion Threads

[robizm] 01/3/2022 15:31

Chesty I meant my broker won’t trade them.

[pj0077] 01/3/2022 15:27

Last Friday JRS issued a RNS stating "The Company will pay its final and first interim dividends on 11th March 2022, as announced on 27th January 2022." They didn't say if they will pay it in ruble's or loaves of bread, though...

[chesty1] 01/3/2022 15:03

ROBIZM your broker is trying to stop you losing even more money!

[robizm] 01/3/2022 13:16

Gazprom adr is $1.39 52 week high was $10.30. My broker won’t let me buy anymore

[owenski] 01/3/2022 12:53

I think I'm glad to not be in JRS

[smithie6] 01/3/2022 12:38

I am sure that the JRS divi, payable on 12th March will be cancelled.

(To pay it the co. would need to borrow & in the current situation I don't think it will want to borrow)

What do others think ?

[smithie6] 01/3/2022 09:53

Complete rubbish imo.

If some aide of Putin wants to escape then I am sure that they can.

eg. turn up at any border with the EU & ask for asylum.

The EU would happily accept, imo, any important leader that wants to get away from Putin.

[loganair] 01/3/2022 09:42

Is the West putting a travel ban on close aids to Putin a good idea?

I do not think so - how come? - because if any close aid wants to disagree with Putin and he goes for them they no longer have anywhere safe to run to therefore they are left with little alternative but to agree with anything and everything Putin says.

[aurelius5] 01/3/2022 09:32

hxxps://corbettreport.substack.com/p/the-ukraine-crisis-what-you-need?utm_source=url

[smithie6] 01/3/2022 09:14

I agree with ceasar

[smithie6] 01/3/2022 09:14

Don't agree.

Many oil & gas companies are limited companies, & the majority owners are Putin's mates. They all have yachts & villas in the EU.

Oil/gas companies that have cash will buy unwanted shares imo & cancel them.

If needed the Rus. govt. will lend them money to help do it.
Or the state buys shares if lots of unwanted shares, to be minority shareholder, & then sell later at a profit.
Rus. ctrl bank has lots of cash.
& debt/loans at about 20% of GDP. Much better finances than in the west (many countries are on the edge of banktruptcy or maximum debt, & if no extra debt then "big" problems. (Spain, Italy etc)

[roguetraderuk] 01/3/2022 07:58

yes. the longer this goes on the more likely it is that they will nationalise assets. they have already told russian banks to stop taking sell orders from foreign clients. thats essentially a first step.

[ceaserxzy] 01/3/2022 07:54

Don't want to sound cynical, isn't this an opportunity for Russians to get a lot of good assets back to theirs hands very cheaply, such as holdings in their big companies and those listed abroad like poly, evraz, pog and a lot more.

[smithie6] 01/3/2022 07:24

JF
imo it is not a sign
This fund is run by JPM. So that news applies to this fund.

topafrenzy
Uh.
The gearing announcement of yesterday already says that have not been selling down the fund.
That of course may now change, or will.

-----

If big Russian stocks have a queue of western sellers what will they do ?
Most of JRS stocks produce lots of cash, so perhaps they use cash to buyback some shares & cancel them.

Or might China want to buy ?
China has a shortage of oil & gas I think so might be happy to take unwanted chunks of Russ. oil & gas cos; especially if the prices are cheap.

----
Gazprom is state owned & the state has loads of cash, so they might be happy to buy up unwanted shares.

[topazfrenzy] 28/2/2022 23:17

Pray that the fund has been selling down its assets over the last few weeks ..

This will be wound down from here ..

[jfinvestments] 28/2/2022 20:42

https://citywire.com/investment-trust-insider/news/jp-morgan-suspends-trading-in-emerging-europe-and-russia-equity-funds/a2381011?ref=investment-trust-insider-latest-news-listNot sure if that is a sign of things to come for JRS?

[galeforce1] 28/2/2022 14:56

nametrade - I was quoting from a piece by David Smith in the Sunday Times of Feb 20, which says:

"..exports dropped again last year, by just over 1%. This is quite an achievement in a year in which, according to the IMF, world trade volumes in goods and services rose by a very strong 9.3%".

So my point is that the UK's trade performance is very weak. The GDP performance in 2021 looks OK because it was so world-beatingly bad in 2020.

The UK economy is being held together by a Central Bank that is borrowing and printing to expand government spending. Take this away and you'll see a sharp recession.

[nametrade] 28/2/2022 14:03

galeforce1, World economy grew by 5.88% in 2021 !

with UK at 6.76%....so better than average... Germany at 3.05% what's your point?

[galeforce1] 28/2/2022 13:48

Dusseldorf - 100k wealthy Russians means nothing to the mighty UK economy! Oh sure.

This is so typical of the chronic, pervasive, disastrously exaggerated over-confidence and national self-importance that goes so deep into the culture here.

The UK is self-sufficient in almost nothing - importantly not in food or energy. It has a terrifyingly large trade deficit. In 2021 its exports managed to fall 1% when the world economy grew about 10%! So I think the UK needs all the Russian spending it can get.

[dusseldorf] 28/2/2022 13:36

Interesting to note almost all the economic comparisons here, which were already in UK's favour (bar debt), will swing even more - but not just in favor of the UK, in favor of every country in the world. Invading Ukraine is not a smart thing to be doing economically unless you plan on assimilating the entire country and all it's assets into Russia

hxxps://countryeconomy.com/countries/compare/russia/uk?sc=XE92

[dusseldorf] 28/2/2022 13:25

galeforce - "The 2011 census recorded 36,313 people born in Russia resident in England, 687 in Wales, 2,180 in Scotland and 349 in Northern Ireland. The Office for National Statistics estimates that 73,000 people born in Russia were resident in the UK in 2020." that spending power is a fart in the breeze, it's all property anyway.

Though agree 'fire selling' assets has little effect, best to wait until price recovers a bit and dump them

[galeforce1] 28/2/2022 12:49

Chesty - I think the attack on Ukraine is horrendous, just like you do.

I'm just saying that the UK should avoid making itself the principal fall-guy here. I can't see that BP 'has done them over'. Just the opposite I'm afraid. It's done itself over.

Remember that sanctions against Russia cost the USA very little. They have their own gas, etc.. But in the UK the cutting of UK-Russia ties will have a significant impact. Some UK companies still have (or had in BP's case) valuable Russian assets. There is a large Russian community in the UK, with plenty of spending power. Harassing them and driving them away gets great headlines in The Sun, but it will make us all poorer.