Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Jupiter Emerging & Frontier Income Trust Plc LSE:JEFI London Ordinary Share GB00BDR05757 RED ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.75 1.92% 92.75 91.00 94.50 93.00 92.75 93.00 27,687 14:06:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 8.0 6.8 6.5 14.2 87

Jupiter Emerging & Front... Share Discussion Threads

Showing 51 to 75 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
05/6/2020
14:43
% gearing is hefty, so this should outperformance in rising markets. Are we in a new bull market?, we might be.
essentialinvestor
05/6/2020
14:33
86p NAV now, creeping back.
spectoacc
04/6/2020
23:15
I have read through this and am still not 100% but the redemption price is NAV less expenses at 30th June as I think NAV and dealing value are the effectively the same. The Directors have a few weeks to find new investors and its all worded in a way that gives them total discretion which is the backstop I assume. I must admit my original intention was to sell in the market but Barclays kindly removed the sell option because of the corporate action so I did something else at the last minute because I have a job which starts at 8:30am
gopher
03/6/2020
09:23
Effectively a buy-back at an only marginally accretive price I guess. £87m heading to £82m of assets - but could make same argument re the divi, which takes out slightly more each year.
spectoacc
03/6/2020
09:19
It's another 5% gone though in an arguably already sub optimal sized trust. Cant understand the rational of offering this year's tender.
essentialinvestor
03/6/2020
09:16
5.1% tendered, a vote of confidence in the Trust since it was a guaranteed profit. I must be wrong about the price having been set already tho? (c.80.5p): "The total number of Ordinary Shares in respect of which valid redemption requests were received for the redemption point on 30 June 2020 ( "the Redemption Point") was 4,607,803 (representing 5.1% of the issued share capital). A further announcement will be made on or before 14 July 2020 to notify the Redemption Price. Further details of the redemption facility are set out in the Company's Articles of Association, the Share Issuance Programme prospectus issued on 19 April 2017 and are also available from the Company Secretary. The Directors of the Company have discretion over the operation of the redemption facility and the calculation of the Redemption Price."
spectoacc
02/6/2020
22:17
Annual tender at the discretion of the BOD.
essentialinvestor
02/6/2020
22:07
The default decision must always be to tender unless you are in sector that runs at a premium like Infrastructure. I can't think making this annual is good for portfolio management as its the best most liquid stock that must be sold. They must surely have thought the market decline scenario through as it would seriously disadvantage stayers - i didn't read the prospectus in full.
gopher
02/6/2020
20:03
Still surprised by the decision, but they must be hoping very few tender. NAV gap may possibly open a little again in July/August. Unless wider markets continue on up.
essentialinvestor
02/6/2020
19:50
Opted not to tender in the end, but was a close run thing - the 80.5p was tempting :) But no guarantee being able to buy again in size. Is a strange way of running a tender - price decided 6 weeks earlier, without knowledge of how many will take it. NAV up, so is good for those left in, but if NAV had gone down - or plummeted, say by 10 or 15p - would they still have had an IT to manage?
spectoacc
02/6/2020
16:16
i tendered my holding at 80.5p. This is an annual event designed to keep the discount in check by offering the April 30th NAV. I then covered with a purchase of Genesis EM and will wait the cash in anticipation that the discount will widen out and I can repurchase if I chose. Not sure this is entirely the right course but I did have concerns that the sector discounts were much wider for better performance.
gopher
20/5/2020
06:01
I admit I'm a sucker for discounts :) JEFI NAV not as good as I'd hoped, post-bounce, but should be far fewer tendering at the current share price than when it was 73p.
spectoacc
19/5/2020
22:18
I can see MMIT has its attractions, the discount for starters, the JEFI manager has been caught out by gearing the portfolio, that was working well until March but to be fair he hasn't cut back. Both Trusts are similar in size and really need inflows into EM sector as whole to bulk up. I think both could benefit from Black Frontiers problems, the manager has talked up the fact that frontier markets would prove less correlated with major markets but that has simply proved wrong.
gopher
19/5/2020
07:29
@gopher - every chance I'm a sucker on MMIT, but do like the concentrated holdings & BTEM-style activism. ATR I've not looked at, but seems to have enjoyed a decent bounce. Today's JEFI NAV should be interesting.
spectoacc
18/5/2020
18:16
SpectoAcc - MMIT has too much in Brazil and India for me 35% against 10% here. keener on ATR as trying to invest where Cofid-19 is less of a problem Like you in SQNX not SQN,
gopher
18/5/2020
14:14
Nudging towards NAV, as you'd expect with the tender. Will hopefully prevent too many tendering, JEFI wants to get larger, not smaller.
spectoacc
17/5/2020
15:24
@gopher - agreed, be interesting to see how many actually tender - could theoretically buy back lower. Fairly keen on the curious MMIT too. (Only in SQNX, missed a good rise in SQN).
spectoacc
16/5/2020
09:40
We must have similar portfolios SpectoAcc (SQN) I can't see the point here as the Trust doesn't trade at a large discount and has traded at a premium. Sometimes these redemption opportunities are embedded in the initial offer as Trust is relatively new. Also doing much better than Blackrock Frontiers so a strong hold for better times imo.
gopher
14/5/2020
08:12
Missed the intra-day t/s yesterday, saying divi maintained this year, don't know about the next year. Read well tho.
spectoacc
07/5/2020
11:43
Tried to buy earlier this week as mentioned, price rising with the redemption shortly imv, unsurprisingly.
essentialinvestor
05/5/2020
14:14
I can't even get a quote to Buy 1,000 shares online atm. NAV gap to close as the redemption date nears?. NAV around 80 pence a share atm.
essentialinvestor
04/5/2020
19:01
From the statement ..."The Directors are minded to approve all valid redemption requests unless there are exceptional reasons why this would be contrary to the interests of shareholders..." As any redemption is at the discretion of the BOD, assumed given the backdrop they would cite volatility and say...no 2020 redemption full stop.
essentialinvestor
04/5/2020
15:51
Redemption optional surely, and holding it compulsory I think.
spectoacc
04/5/2020
15:33
Very surprised at the redemption news given the market backdrop.
essentialinvestor
19/4/2020
14:37
Gearing is near 18% on the last update. If there is another leg down on markets that could be costly?.
essentialinvestor
Chat Pages: 5  4  3  2  1
ADVFN Advertorial
Your Recent History
LSE
JEFI
Jupiter Em..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201205 12:58:03