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JTC Jtc Plc

821.00
1.50 (0.18%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jtc Plc LSE:JTC London Ordinary Share JE00BF4X3P53 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 0.18% 821.00 823.50 825.00 827.00 810.00 810.00 84,580 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 200.08M 34.71M 0.2097 39.34 1.37B
Jtc Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker JTC. The last closing price for Jtc was 819.50p. Over the last year, Jtc shares have traded in a share price range of 623.50p to 838.50p.

Jtc currently has 165,521,678 shares in issue. The market capitalisation of Jtc is £1.37 billion. Jtc has a price to earnings ratio (PE ratio) of 39.34.

Jtc Share Discussion Threads

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DateSubjectAuthorDiscuss
05/6/2018
22:42
Here we are in a world where China, the USA and many other dynamic nations are forging ahead and building the economies of the future - AI, bioscience, infotech etc.

While we are having this massive debate about whether we want to continue being shackled to the most sclerotic economic block on the planet and its venal single market protection racket.

The EU - a collection of mostly socialist countries that haven’t produced a single Apple, Google or Amazon but spend huge amounts of energy and taxpayers funds to find ever more ingenuous ways to stifle competition and heavily tax innovation - future generations are going to wonder what on earth we were thinking.

mount teide
05/6/2018
16:28
When talking about GDP per capita are your talking mean, mode or median?
Ireland may have only a small %age of its population in banking and tax haven related activities, but if these people are highly paid and the rest of the population are starving......

freddie ferret
04/6/2018
19:04
This is regarding a study into international USD reserves and their link to US security. It has an interesting conclusion.hTTp://www.nber.org/digest/apr18/w24145.shtml
jtcod
04/6/2018
13:07
As I say, you gotta love the market! :-)
“Despite a 37% drop in sales of its farm equipment since a record high in 2013, Deere’s stock price is up 72% from its recent low in early 2016 and up 22% since the start of 2017."
PE 19.5x

jtcod
04/6/2018
12:51
Thanks I hadn't been aware of that from the article I read Mr Roper
jtcod
04/6/2018
12:32
serratia - you might want to have a look at Copperbank and to save you much leg work the excellent research carried out across the copper junior/explorer sector by Joshua Hall a Natural Resource Sector Investor.

Joshua's IMJI™ Copper subsector index is a carefully researched list of 18 larger copper juniors. Given the deficits predicted ahead in copper, he expects to see significant strategic investment and acquisition activity among these high quality companies as intermediate and major producers look to add to their production pipelines.




There have been very few high grade, near surface, low cost to develop copper resources(like Asia Met's BKM and Beutong) of scale found over the last decade - almost all the significant finds have been underground access only, with multi $bn development costs.

In the junior sector the holy grail is a combination of large scale, high resource grade, low cost to develop assets and a management with a proven track record of success in developing junior explorers into high value producers.

Asia Met very strongly ticks both boxes and was just one of over 50 junior copper explorers i researched that led to an investment - last week they announced the appointment of another of their old Oxiana Metals colleagues Dominic Heaton as a NED, in preparation for moving from explorer to producer over the next two years. During the last 15 years Dominic has either been deeply involved at a senior management level(Oxiana) or had ultimate responsibility(Masan CEO) in the development of TWO junior SE Asian based mining exploration companies through to multi $bn dollar market cap producers.

After stepping down last year as CEO at Masan after 7 years, he now performs an overseeing role as Head of Strategic Initiatives for them.

Considering the world class assets he and his former Oxiana Metals colleagues at Asia Met have to work with, the prospects look outstanding for the team to deliver yet another junior exploration miner to $bn producer development story over the next 3-5 years!

Considering how few juniors make it into producers, never mind multi $bn dollar valued producers - the management of Asia Met have shown they have an exceptional skill for identifying world class base metal exploration assets, proving up deposits and taking them into production that is without parallel in the industry over the last two decades.




Early stage copper projects have grades ONE-THIRD below operating mines - mining.com

'The next generation of copper mines will not only have less copper but sharply declining grades, according to a study by Mining Intelligence.

Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%.

Jennifer Leinart, Mining Intelligence analyst and vice president of CostMine, warns that copper prices will rise.

"Miners are struggling with both lower grades and increasing operating costs," says Jennifer Leinart, Mining Intelligence analyst and vice president of CostMine.

"Lower grades mean moving more rocks which in turn will require more diesel fuel and explosives, making the metal more expensive to produce."

Jennifer estimates that fuel, lubricants and explosives can make up 25% of operating costs, based on today's prices and using a 40,000 tonne per day open pit copper mine as an example.

"Existing mines have been labouring under cost inflation," says Leinart.

"In 2007 the average operating cost per tonne of copper ore was $14. In 2017 it was $21."



Copper grades at Asiamet's BKM deposit 'off the charts'



Final two drill results(diagonal) on the very high grade near surface BKM copper deposit produced some phenomenal results - 17m at almost 4% copper from the surface, comprising 8m at 6.5%; at 2m depth 14% copper,at 5m depth 7%, 18% copper from 6m - "phenomenal numbers" according to the ARS team. The second hole just north of the first produced 69m at 1.4% copper: including 4.2m at 12.2% from 12m, and 25% over a 1m interval !

AIMHO/DYOR

mount teide
04/6/2018
12:12
Jtc, the fed only put one entity in the db group on the troubled list. Not the whole of db but still not good news.
mr roper
04/6/2018
11:14
The last of the A credit ratings fell for Deutche Bank on Friday. The Fed put it on a list of Troubled banks last week. Insurers have jumped Deutche Bank default insurance to 5x that of Lloyds Bank over the weekend and the markets are UP on Monday! You gotta love the market. :-)I agree that the likely outcome is a bailout because to not do so would be absolute carnage. Worse than Lehman's imo.However, here's an alternative argument. For the German government to bail them they need the agreement of the Bundesbank and imo that is not a given. That institution has shown for decades that it bows to no master. In fact I would say if there is one phrase that epitomises the culture at the Bundesbank it is "You need to take your medicine". The insurers are taking the risk seriously but the market is not.
jtcod
04/6/2018
10:14
MT,
I'm looking at another route to assess comparative values on copper miners. It only looks at what they have not what they might have and is not for established producers as they've sunk their capital.
I'm looking at EV in relation to copper in the ground using the independent reports. It will only give a comparative view and doesn't take into account whether they're funded or running out of cash etc.
I might go on to look at value using 3c/lb copper in the ground to see how that compares with the EV. Not things to base a buy/sell decision on just gives a picture of the junior explorers.
So far I have ARS/MTR/GWMO/BZT as copper explorers to look at and I note a bid (?) for Finders so will add them to the analysis as a benchmark.
Any others out there including ones not on the UK exchanges ?

serratia
04/6/2018
09:21
Re Deutsche Bank, this is from John Mauldin's latest:

"Italy is not Europe’s only problem. The big Kahuna is Germany, which spent years offering generous vendor financing to the rest of the continent to entice the purchase of German goods. The result: a giant trade surplus for Germany and giant, unpayable debts for those who bought German goods. Greece, for instance.

"But a lot of that debt is on the balance sheet of European banks. S&P just cut its rating for Deutsche Bank to BBB+. That is only a few notches above junk status. And if there were Italian issues? A lot of German banks could see their ratings fall to below junk. Ugh. Will Germany let Deutsche Bank fail? Simple answer, no. But they may not feel the same love for Deutsche Bank shareholders."

zho
04/6/2018
09:18
Is Deutche Bank actually going down?The FT reports today that the cost of insuring Deutche against default is 5x that of Lloyds Bank.hTTps://www.bloomberg.com/news/articles/2018-06-01/deutsche-bank-ratings-blow-shrugged-off-by-street-as-stock-gains
jtcod
03/6/2018
19:26
Tribal MPs are doing the EU's dirty work - Dan Hannan /Telegraph (How right he is)


'The officials in Brussels are incredulous. Literally incredulous. They truly can’t believe that Britain is negotiating so ineptly. I keep being asked by Eurocrat friends what our real game is. This faffing about over customs procedures, they say, it’s all a bluff, n’est-ce pas? A clever diplomatic charade that masks some as-yet-undisclosed British masterstroke? The alternative explanation – that 14 months after triggering the disengagement process and 23 months after the referendum, we are still arguing among ourselves about what to ask for – is dismissed as implausible.

At this point, Remainers often jump in with a kind of bitter glee. You see, they say, we told you so! Now you’re realising how tricky it is! In fact, we Leavers were keenly aware that the extrication would be complicated: our argument before and during the referendum was precisely that the EU had curled its tendrils into every cleft and cranny of British life. That, though shouldn’t prevent a judicious and phased recovery of powers.

No, the real problem is that the British people have mandated a policy that their parliamentarians don’t like. Although some conscientious Remain-voting MPs and peers have accepted that Brexit should happen, others still aim to capsize it.

Look at things from the EU’s point of view. As long as British Europhiles are doing its work for it, why offer any concessions? Britain may yet – as Donald Tusk and Jean-Claude Juncker keep publicly mooting – reverse its decision. Or, even better, it might remain as a kind of non-voting member, a Euro-colony, subject to most of the burdens of membership without any veto rights.

Our parliamentarians have a duty to scrutinise and improve legislation. But that is not what they are doing here, at least not primarily. Unreconciled Remainers have launched two wrecking initiatives. The first aims to overturn the result outright. The House of Lords has amended the Brexit bill to remove the departure date, and has stipulated that, unless Parliament approves the final deal, Britain should request an extension of membership. If that amendment stands, all sides recognise that the EU will no longer even pretend to discuss reasonable terms.

The second ruse is arguably the more dangerous. It aims to keep Britain in a customs union after we leave, allowing Brussels to continue to control our trade policy. This would be the worst of all worlds, and Labour knows it. As recently as January, its spokesmen were explaining that, if the EU signed a trade deal with, say, America, a customs union would oblige Britain to match all the EU’s concessions, but America would have to reciprocate only vis-à-vis the EU 27, not Britain. Our large home market, in other words, would become a bargaining chip for Brussels to use for the benefit of the 27.

Not even Norway, which is as close to the EU as you can get without joining, is interested in joining a customs union, and so giving up its independent trade deals. So why has Labour switched its position? Why is it suddenly pushing for terms that no other country would accept? Because it isn’t interested in improving Brexit; it’s interested in bringing down the government.

It’s in this context that we should understand the row about customs procedures. Ministers aren’t just trying to combine an independent trade policy with frictionless borders. They’re also trying to find a proposal that might squeak through Parliament. That is the weakest possible position from which to negotiate, and Michel Barnier knows it. Understandably he is sitting tight, waiting for the Lords and Commons to wring further concessions from their own side.

Take, for example, the preposterous row about the Irish frontier. A confident British government, with a united Parliament behind it, could have been both firm and friendly, saying to the EU, “We won’t put any hard infrastructure on our side of the line, and we will work with you on any reasonable proposal that will allow you to do the same on your side. We suggest a comprehensive UK-EU trade deal based on the mutual recognition of standards”. Instead, weakened by our parliamentary arithmetic, we have ended up in the preposterous position of making what happens on the Irish side of the line our responsibility.

To the dumfounded delight of the Commission, we are now edging towards a position where we leave the EU institutions and give up our veto rights, but invite Brussels to continue to regulate our economy and commerce. No other neighbouring country would countenance such a deal. Yet our MPs, locked in their domestic quarrels, are on the verge of asking for it. My masters, are you mad?'

mount teide
03/6/2018
18:06
Shootings with automatic weapons, hand-grenade attacks, gang warfare and hundreds of no-go zones - War torn Somalia? No, try EU Nation State Sweden!

According to Swedish police, hand-grenade attacks (which were virtually unknown until a few years ago) are now without parallel in countries not at war.

Violent crime in Sweden is soaring. When will politicians act? - The Spectator!




'The grenades — dubbed ‘apples’ by criminals — are smuggled into the country from former Yugoslavia and are even handed out as freebies upon purchase of assault rifles. Stockholm police recently put a figure on it: less than £890 can buy you five automatic weapons and ammunition with 64 hand grenades thrown in as a deal 'sweetener'. The grenades are often sold on. The street price in Sweden is about £100.....

....Yet it’s still hard for Swedish authorities to be frank about what’s going on. Politicians, in government and opposition, seem particularly concerned that violence in immigrant suburbs is a PR problem, a threat to the image of Sweden, and that the remedy is spin.

Gordon Grattidge, head of the paramedics union said his members are not allowed to enter some Swedish neighbourhoods without police protection.

Firefighters face the same reality. Some 50 cars were torched in a garage in a mainly immigrant suburb in Uppsala. Despite citizens repeatedly calling the emergency services, it took three hours before the fire department showed up — protected by police equipped with riot gear and machine-guns.

Paramedics and firefighters are not the only ones who have to take precautions before entering ‘vulnerable areas’. The Stockholm suburb of Tensta had free parking for months, after the area was deemed too dangerous for traffic wardens to enter. The Swedish Postal Service has for periods of time not been delivering packages to a crime-ridden neighbourhood in central Malmö. A number of public libraries have had to reduce their opening hours or even close temporarily in response to harassment by gangs of youths.

After the latest explosions and shootings, Isabella Lövin, Deputy Prime Minister and leader of the Green party, turned her ire towards those who express alarm over violent crime in Sweden. How can anyone talk about chaos in Sweden, she asked. ‘The truth is that we are a country that gives the rest of the democratic world hope.’ (Clueless, totally clueless!)


Try telling this to representatives of the Swedish state — paramedics, social workers and even librarians — who have to deal daily with aggression. This has led the Swedish police into an identity crisis of its own. Its officers have been the targets of a number of attacks, most recently explosions aimed at police in southern Sweden..... The kind of social contract between state and society that leads citizens to help the authorities is not working in many parts of Sweden where police are now seen as the enemy.

In the past weeks, children in the well-off Stockholm suburb of Nacka have been victims of robberies by masked gangs who are suspected of travelling from other parts of the city. Children as young as nine have been robbed at knifepoint. The outrage that followed the robberies in Nacka also serves as a reminder of how deeply divided Swedish society has become among lines of class and ethnicity.

mount teide
03/6/2018
10:32
Sounds like a good candidate for the security industry. An advance like that would surely benefit night-time cctv cameras Serratia. That and the much smaller market of solar system photography
jtcod
03/6/2018
10:06
I used to use an SLR and do my own film processing. At the time digital was poor quality. As time went buy I didn't bother carrying my camera. These days I don't have a mobile phone I stopped using one 15 years ago and have no desire to own one these days.
What I do follow is recent developments in technology and this looks like a move forward for photographers -

hxxps://newatlas.com/graphene-imaging-sensor/27718/

serratia
03/6/2018
09:13
SerratiaAre you into Photography in the same way as you are HIFI. If so I have been looking at Fuji's Medium Format entry the GFX 50S to see how a bigger sensor renders more light. Gotta say I am impressed by the way it renders skies and the gradients of colour.If they do deliver on the rumour of a smaller unit Rangefinder version I think I am a buyer. I love Fuji colour and the detail for landscapes with this system is exceptional.hTTps://www.flickr.com/photos/yasmine-hens/41449860212/in/pool-2957416@N24/lightbox/
jtcod
03/6/2018
09:04
Unfortunately I haven't had time to do this subject justice so far but it's an intriguing new measure for me and one that looks to have meaning on the face of it. Like you though I have found the level of contradiction in economic data quite frustrating.
jtcod
02/6/2018
20:39
If the UK electorate want to see more tax raised from the wealthy to spend on public services then there is only one political party to vote for - the party that reduced the highest rates of income tax in order to raise MORE money - its worked, with the top 1% of earners now paying almost a THIRD of all income tax ... and the total is expected to rise still further next year.

This is more than 10% higher than at any time under 13 years of New Labour!

Britons earning more than £150,000 a year handed over £54.3 billion last year – enough to cover the entire defence budget with more than £6 billion to spare.

Separate figures reveal that the top 5 per cent of earners pocketed 24.4% of the total income, but paid 48.2% of all tax. The tax take from the highest-paid has risen still further recently in part because of changes to pensions.

mount teide
02/6/2018
20:05
Likely because Italy is 8th largest Exporting nation in the world.U.K. is net importer. Greece doesn't really do much on exports.
mattjos
02/6/2018
18:36
JTC,
I was interested in the ratio of gross external debt to export values. First up I found this -

hxxp://stats.areppim.com/stats/stats_xdebtxexports_pigs.htm

Back in 2009 some countries were pushing up towards a ratio of 9. Trading economics has figures by country for both external debt and exports. You can chose your country.

hxxps://tradingeconomics.com/united-kingdom/indicators

For the UK the ratio comes out at 120. Greece comes out at 139 but Italy only 51. I'm having difficulty rationalising the two sites figures.

serratia
02/6/2018
10:42
Over the last few decades the EU has shown itself time and again to be the enemy of democracy. It's now complete contempt for voters and Nation State democracy will surely be its epitaph.

Only this week we were treated to another stream of marvellous examples of the EU and its smug, self serving, unelected leaders openly taking the voters for fools:

Donald Tusk told the EU institutions to “respect voters” we are “there to serve”! Lol ! This from the man who said leaving the EU means to "leave the Single Market, Customs Union and ECJ", before changing his mind some 6 months later after finding out that the UK establishment wanted to quietly work with the EU to overturn the Brexit referendum result.

JC Juncker states: "only the Italians will decide on the future of their country" -
a staggeringly blatant deceit, even for a self-confessed habitual liar who earlier in the week was overheard to call Italians: "lazy - they need to work harder and be less corrupt", for which he was forced to apologise.

At least us Brits can rely on Barnier to finally reveal his hand and give us the unvarnished truth about the Brexit 'negotiations': “We don’t want to negotiate,” he admitted this week - “We don’t want to compromise.” Of course you don't because you have the unwritten support of the hugely embittered British establishment and most UK MP's desperate not to be seen as moving heaven and earth to over-turn the Leave vote or at worse reduce it to BRINO.

Democracy? What Democracy?

The results of democratic elections and referendums have to be respected. Unlike our self serving liberal establishment, the overwhelming majority of the British and European electorate has immense respect for democracy and the wisdom of voters, even when they may profoundly disagree with some of their choices.

With democracies, you get to throw the bums out when they mess up - scandalously, 500m Europeans have been subjugated by the pooled sovereignty scam of an unelected liberal left public sector millionaire class and the veneer of 'democracy' of its hugely overpaid and over-pensioned, 3.5 day per week, 850 strong rubber stamp European 'parliament'!

mount teide
02/6/2018
10:30
If 30 sovereign defaults occurred with an average External Debt to Export ratio of 229%, it just goes show what a financial mess some EU members got themselves into. I doubt too much has changed for the better since then.
jtcod
02/6/2018
10:20
This ratio is further put into context with the EU financial crises (when compared to that list of 30 defaulting countries) and possibly a contributing factor as to why the EU Central bank had to step in with QE.External Debt to Export figures for 2009:Portugal: 679%Ireland: 853%Greece: 884%Spain: 620%hTTp://stats.areppim.com/stats/stats_xdebtxexports_pigs.htm
jtcod
02/6/2018
09:55
I mentioned recently how in 30 Sovereign defaults between 1970 and 2008 listed in the book This Time is Different how important the ratio External Debt to Exports seems to be compared to Debt to GNP.
jtcod
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