Jpmorgan Russian Securit... Share Discussion Threads

[1917again] 27/10/2022 15:35

Loganair, we still await the source of the 390,000 troops killed, as surely you weren't lying

Why cant you provide the link ?

Just to help you out on how to do this simple task, an example below

RUSSIAN Economy Will DIE BY WINTER Due to Mobilization According to Prominent Russian Economist

[brwo349] 27/10/2022 15:27

oh I forgot the troops are using 50 year old weapons and have to buy their own kit so ignore the last bit. The western sanctions though must be devasating, how can they not be?, and employers losing software engineers and such to the front line at Kherson will not help either.

[brwo349] 27/10/2022 15:24

The Russian economy is getting killed and everyone knows it. Massive sanctions and the economic cost of supporting 300,000 troops with food and equipment are crippling it.

[loganair] 27/10/2022 15:08

The situation in the Russian economy has stabilized and it is better than was initially expected, so quarter-on-quarter growth could begin at the end of 2022, Russian Economic Development Minister Maxim Reshetnikov said Thursday at the Verona Eurasian Economic Forum in Baku.

"The situation in the economy of the RF has stabilized, the active reconfiguration of foreign economic relations, trade relations is underway, the economy is structurally adapting. According to the figures that we have now, we see that the process is progressing actively and generally even faster than we anticipated," Reshetnikov said.

[horndean eagle] 27/10/2022 14:52

I think they would find it pretty hard to get a fund raise away when there is so much latent value being hidden away. Existing holders wouldn't take kindly at all to being diluted and giving away so much potential upside in return for nothing. Think its a complete non starter.

[loganair] 27/10/2022 12:00

Popit - I wouldn't go as far as to say no risk of dilution, I'd say highly unlikely.

The reason I'd give about highly unlikely have a Capital Raise is due to the current investing climate. Over the past 6 weeks several IPOs have been temporarily cancelled, shelved due to the current investment climate - in other words not a good time at the moment to do a Capital Raise.

The second reason I give for there not being a Capital Raise at the moment is that so much of JRS value is currently frozen on hold in Russia.

If there was going to be a Capital Raise, I would hope that Retail Investors would also be allowed to join in and if this was to be the case then it is up to each individual share holder whether or not they wish their shares to be diluted.

The one very important thing that JRS haven't said at the moment, when things start to return to more of a normal situation how many, if any of their Russian stocks will they sell and what is the percentage of the new trust they are looking to hold in Russia. I do not expect JP Morgan to answer this question while the current situation remains in Russia.

[loganair] 27/10/2022 11:50

The MOEX Russia index was over 1.5% higher at 2,150 mark on Thursday, more than erasing the slight decrease from the prior session to levels not seen in five weeks with support from heavy-weight energy and banking shares.

The strong momentum continued to be supported by hopes that companies will distribute hefty dividend payments, after the crash in Russian financial markets caused many firms to cancel payments earlier in the year. The movements take place despite the negative external sentiment and uncertainty in the Russian energy sector ahead of sanctions by the EU, underscoring that the deteriorating geopolitical and macroeconomic backdrop has little effect on Russian equities.

Regarding blue chips, oil giants Rosneft and Lukoil were sharply in the green on hopes that dividend payments will be announced.

[popit] 27/10/2022 11:24

loganair

Are you on the JRS Telegram group ? There is a lot of discussion on there that this new mandate and name change could lead to a new capital raise and a big dilution for current shareholders. A big new issue of shares at the current NAV of 40p would be very dilutive for current shareholders.

You said before that JRS probably just want the mandate change to be able to invest the cash that they currently have in new companies outside of Russia. Do you still think that there are no risks of a capital raise and dilution ? And why do you think that they would not use the new mandate to raise new capital ?

[1917again] 27/10/2022 09:25

Loganair, we still await the source of the 390,000 troops killed, as surely you weren't lying

Why cant you provide the link ?

[loganair] 27/10/2022 09:12

Vote on 23rd November 2022 to change the name of JPMorgan Russian Securities to JPMorgan Emerging Europe, Middle East & Africa Securities.



The proposed New Investment Objective and Policy would enable the Company to invest in a diversified portfolio of quoted investments in Central, Eastern and Southern Europe (including Russia), the Middle East and Africa, including those markets that are considered as emerging markets according to the S&P Emerging Europe, Middle East and Africa Index.


Management fee:

The Company's management fee was reduced with effect from 1 November 2021 to 0.90 per cent. of the Company's net asset value per annum and has been waived by the Investment Manager since payment of the management fee to 28 February 2022. If the Proposals are approved, the management fee will become payable going forward but, until further notice, the Company's investments in Russian securities (including Russian related GDRs and ADRs) will continue to be excluded from the Company's net assets for the purposes of this calculation.

[popit] 27/10/2022 03:10

squeaky19

Thanks for the very considered response which does make perfect sense to me.
I think my only further thought would be why don't they change the name?
It's not owned by JPM, so they could quietly switch it to "Harry's Trading Company" and five minutes afterwards no-one would be any the wiser.
Then the company could re-domicile?

I think if JRS were to change their name they would simply be faced with the same issues and difficulties. Would a change of name do any good? And what would be the costs, both direct and indirect? JPM are not the owners of JRS but they are the managers of the Investment Trust.

So, assuming they change their name to XYZ, how is the press and media in the UK and US likely to react to the news that JRS has changed its name in order to avoid Russian sanctions? JRS is keeping a low profile at present as the conflict continues, and so both they and JPM are unlikely to want to become the centre of a hot news story about attempting to avoid Russian sanctions. The bad publicity could easily wipe billions off the market value of JPM. Is it worth all the bad publicity and reputation damage for the sake of a small UK Investment Trust with assets of a few million?

And as I said before, there is no guarantee that Russia would accept any new change of name or domicile by JRS. Russia may view it as a scheming attempt by a company from an unfriendly nation to avoid Russian sanctions. They are not stupid. Russia will very easily see from the share registers that all of the JRS Moex holdings have simply been transferred to XYZ Co. in Hong Kong. Russia will know that XYZ is simply a new name for “unfriendly221; JRS.

So I think such a plan has some major problems. The indirect costs and reputation damage could potentially be huge for JPM who are the managers of JRS. It is also quite possible that Russia would not accept any change of domicile, and they may continue to view the new company as “unfriendly221; as their assets and holdings were simply transferred from JRS.

[brwo349] 26/10/2022 21:12

--OSINT (open source intelligence) investigators named the real irretrievable losses of the Ukrainian army The irretrievable losses of the Armed Forces of Ukraine as of October 20, 2022 amounted to 402,000 people, of which 387,000 were killed--


The Ukrainian army only had 200,000 men. How come they are winning the war now when they can't have any soldiers left? Still the Russians do have the worst army in the world and Russia will soon cease to exist thank God.

[loganair] 26/10/2022 18:40

1917- I suggest you go to the OSINT to see for yourself what they say. I've posted word for word what they had to say on the matter. It seems to me you're being very lazy and are expecting me to do all the work for you.

1917 - Why do you think what I'm posting is inaccurate?

What is your reasoning behind why you think I'm lying about what I've been posting?

If you think any differently, please post, as this is what I set this thread up for - discussion and hearing from both sides....

[loganair] 26/10/2022 18:38

Trading updates are backward looking and not forward looking and therefore I still stand by the post on SMDS and my reasoning as I firmly believe the stock markets have still further to fall before they reach their cycle low.

18 months ago I posted Sainsbury's would fall to 150p and was pooh-poohed for it, not so long ago Sainsbury's share price fell to 169p. I still stand by my original post that the cycle low will be down to at least 150p.

Easy Jet when the share price had fallen to 550p, would fall below 300p, again many on the Easy Jet thread totally pooh-poohed my post saying the share price will never fall that low. The low reached just a couple of days ago is 277p.

Therefore, on the whole by share price predictions have been on the accurate side and we have still not yet reached the stock market lows of this cycle.

[1917again] 26/10/2022 18:33

Loganair, we still await the source (LINK) of the 390,000 troops killed, as surely you weren't lying

[essentialinvestor] 26/10/2022 18:07

Here is the resident genius on the SMDS board


loganair 8 Oct '22 - 09:45 - 4055 of 4067

The Paper process is energy intensive, therefore I wouldn't be surprise to see a cycle low of 150p.


Two days later SMDS issue a trading update and the share price closes Up 10%.


It's surprised to see, not surprise to see - unless your grasp of English is particularly poor.

[loganair] 26/10/2022 17:52

OSINT (open source intelligence) investigators named the real irretrievable losses of the Ukrainian army The irretrievable losses of the Armed Forces of Ukraine as of October 20, 2022 amounted to 402,000 people, of which 387,000 were killed.

[1917again] 26/10/2022 17:20

Loganair, we still await the source of the 390,000 troops killed, as surely you weren't lying

[loganair] 26/10/2022 17:10

NY Boy - Since the conflict began in February, Russia say their have lost 62,000 troops killed, even the Armed Forces of the Ukraine, as of 26th October - 9am EET, are only putting this figure at a slightly higher 68,900.

[ny boy] 26/10/2022 17:01

Logan air stop spreading false nos of Ukrainian troops killed, it’s nothing like that number and a Russian troops deaths are considerably higher.

[loganair] 26/10/2022 16:52

The Dutch government has granted 91 permits exempting businesses from implementing EU sanctions on Russia, media outlet RTL Nieuws reported on Monday.

The report noted that despite the EU’s ban on ships sailing under the Russian flag from European ports, the Dutch Ministry of Infrastructure and Water Management issued waivers so that 34 ships could access the nation’s ports.

Meanwhile, the Dutch Ministry of Economy and Climate has issued 25 permits to Dutch companies so they can work with former Gazprom subsidiaries.

The Dutch Ministry of Finance granted 13 additional waivers related to frozen assets or goods that fall under the sanctions.

[loganair] 26/10/2022 16:49

Putin approved on Wednesday a list of 45 Russian banks that are temporarily prohibited from carrying out transactions with shares and equity stakes that belong to citizens of ‘unfriendly217; countries. The list includes the Russian subsidiaries of Intesa, Raiffeisen, OTP bank, Commerzbank, Credit Suisse Bank, UniCredit Bank, Deutsche Bank as well as the Russian Yandex-Bank and Ozon-Bank.

The ban will be in place until December 31, 2022, but transactions may be allowed if the shareholder is granted a special permit from the president.

[loganair] 26/10/2022 16:39

Zara are selling their circa 500 stores in Russia to a Middle East group who already have the franchise in the Middle East.

What I understand is likely to happen is that the franchise stores in the Middle East will order more from Zara, as the Middle Eastern countries have no sanctions against Russia will then transfer this extra merchandise to their newly acquired stores in Russia.

Before the conflict the Russian market was worth some $300mln to Inditex/Zara, therefore in future annual reports I can see Inditex Middle East franchise market will rise substantially.