Jpmorgan Uk Smaller Comp... Share Discussion Threads

[poikka] 18/12/2019 17:11

Felt the need to take some profits today and invest in higher yielding ITs.

[deadly] 09/12/2019 18:43

Yes brilliant performance, but then so have other smaller co investments trusts e.g. THRG, SCP, HRI...
The sector is being bought and discounts are narrowing.

[poikka] 09/12/2019 18:04

Brilliant performance lately.

So much for my comment of 16th July, but, yes, long term.

[topvest] 28/8/2019 14:37

Opened a small position here.

[topvest] 26/8/2019 17:27

Not really comparable. EWI is a very different investment trust. For what it’s worth I would be wary of BG funds at this point in the cycle. The disruptor bubble will no doubt burst at some point soon and BG portfolios are most exposed. This trust appears to have a more sensible portfolio.

[poikka] 16/7/2019 13:03

Rubbish performance lately compared to EWI. Wish I had more in EWI and less in JMI. Still, long term and all that.

[babbler] 30/11/2018 14:05

Ah share split. Cool.

[babbler] 30/11/2018 14:03

Nav is rnsd at 11 quid why the drop?

[riskvsreward] 24/11/2017 11:34

Kenmitch, just show how important time value can be. In this case if the expiry date was half a year longer, jmis could have been as high as 150 p.

[kenmitch] 28/5/2017 18:18

And 953p is 38p above 915p!

IF share can go up at similar rate over next 5 weeks as the last 4 it will get to about 980p and the sub share worth 65p compared with current buy price of 25p.

[lenses] 26/5/2017 08:20

JMIS 4x 19k buys @~25. Someone has discovered there will be a trustee appionted and that 950 is 35 above 915.

L.

[lenses] 17/5/2017 11:58

Hi Bill.

The arbitrage opportunity here is getting more attractive by the hour. JMI mid now at 949.5 (offer 950). My broker not quoting on JMIS at present (without phoning), but you could buy at 19 yesterday.

With an exercise price of 915 that's 16p of discount on a 'buy the subs and exercise' trade rather than strait buying of JMI.

Expiry end of June.

L.

[biggest bill] 15/5/2017 09:27

It's now cheaper to buy the subscription shares and convert them into ordinary shares than it is to buy the ordinary shares themselves.

[biggest bill] 16/2/2017 16:02

The trust's share price only has to rise 5% for the subscription shares to be in the money. I think that is pretty likely to happen in the next few months. If the share price rises by 10%, the subscription shares will rise enormously. I think it is a reasonable punt at this level.

[trewsa] 16/2/2017 15:48

Er....who wants to lose 2/3 of their money?

[biggest bill] 16/2/2017 09:54

The discount for this trust is now much bigger than the average small companies investment trust, especially considering that the discount assumes full conversion of the subscription shares. The subscription shares look even better value.

[adv rob] 09/10/2015 12:22

Kept going until June 2007 (~ £6). New buying opportunity came in Jan 2009 (~ £2). If you bought in then (or didn't sell in 2007) you've had a good run - and still are! It's just broken out above the March 2014 high this month and currently ~ £9. Subscription shares are also available now (JMIS) for those who like extra gearing.

[kingfast] 22/5/2006 16:09

.........AND WAIT

[kingfast] 16/5/2006 12:53

Until now is the answer. Maybe a buying opportunity but maybe better to wait

[kingfast] 06/4/2006 08:59

Have traded this from £3.5, last sold at $4.2, back in today at £4.65 because the spread looked inviting, chart looks promising and still at a good discount. Also hold efs which has been a star for me, but how long can the small caps run?

[moon goddess] 05/4/2006 13:37

Anyone have any thoughts on this investment trust? Seems to be making steady growth at the moment...