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Jpmorg.smaller Share Price (JMI)



Share Price Information for Jpmorg.smaller (JMI)


Share Price: 1,215.00Bid: 1,200.00Ask: 1,230.00Change: 0.00 (0.00%)No Movement on Jpmorg.smaller
Spread: 30.00Spread as %: 2.50%Open: 1,210.00High: 0.00Low: 0.00Yesterday’s Close: 1,215.00

Jpmorgan Smaller Companies Investment Trust Plc Ord 25P

Jpmorg.smaller is listed in the FTSE All-Share, FTSE Small Cap
Jpmorg.smaller is part of the Investment Companies sector






Share Price SpacerPrice
1215.00
Share Price SpacerBid
1200.00
Share Price SpacerAsk
1230.00
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
6,819
Share Price SpacerOpen
1,210.00
Share Price SpacerHigh
0.00
Share Price SpacerLow
0.00
Share Price SpacerClose
1,215.00
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 18.63m £225.48m 200

52 Week High 1,290.00 52 Week High Date 22-MAY-2018
52 Week Low 903.75 52 Week Low Date 17-JUL-2017

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
12 0 6,721 4.235 285.72 18.30 1.51




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

13-Jul-18
15:09:45
1,223.50
482
Buy* 
1,200.00
1,225.00
5,897
Trade Type:
Ordinary

13-Jul-18
15:08:30
1,212.75
668
Buy* 
1,200.00
1,225.00
8,101
Trade Type:
Ordinary

13-Jul-18
14:54:11
1,212.75
1,650
Buy* 
1,200.00
1,225.00
20.01k
Trade Type:
Ordinary




View more Jpmorg.smaller trades >>

Directors Deals for Jpmorg.smaller (JMI)
Trade DateActionNotifierPriceCurrencyAmountHolding
23-Oct-17Buy
Trade Notifier Information for JPMorgan Smaller Companies Inv Trust
Michael F Quicke held the position of Chairman at JPMorgan Smaller Companies Inv Trust at the time of this trade.
 Michael F Quicke
1044.95GBX3,73316982
08-Aug-17Sell
Trade Notifier Information for JPMorgan Smaller Companies Inv Trust
Ivo Coulson held the position of Non-Executive Director at JPMorgan Smaller Companies Inv Trust at the time of this trade.
 Ivo Coulson
973.16GBX2,0600
14-Jul-17Buy
Trade Notifier Information for JPMorgan Smaller Companies Inv Trust
Michael F Quicke held the position of Chairman at JPMorgan Smaller Companies Inv Trust at the time of this trade.
 Michael F Quicke
915GBX1,84013249
View more Jpmorg.smaller directors dealings >>


GaiasKidney
Posts: 3,240
Opinion:No Opinion
Price:955.00
RE: Subscription shares
26 May '17
The original 2015 JMIS offer prospectus states a Trustee will be appointed to exercise any subs that have not been exercised by their holders by the expiry date provided JMI is significantly above the 915 EP. They will then sell the newly created shares into the market and after a deduction for the exercise cost and for fees*from the proceeds, will return the remaining balance pro rata to holders of the subs.

https://am.jpmorgan.com/blob-gim/1383254263341/83456/prospectus-sub-shares-23-jan-15.pdf

Page 50.

*Previously noted these fees range around £50k for other subs. If the case ~1.5p per JMI sub.

Notable there have recently been 4x 19k buys of subs @ ~25p. JMI spread 948-955.

GK.
GaiasKidney
Posts: 3,240
Opinion:No Opinion
Price:946.00
RE: Subscription shares
15 May '17
Hi.

Situation is improving with 946p having just been paid for JMI, 31p above the subs 915p exercise price. Just got a quote to buy subs at 23p (was 12p 2w back), so for those interested in acquiring JMI at present it is 8p (~1%) cheaper to buy the subs then subscribe.

The subs are now bid at 10.5p, ~100% up on 2 weeks back.

With 6 weeks to expiry very much a punt for subs holders. See how it goes.

GK.
GaiasKidney
Posts: 3,240
Opinion:No Opinion
Price:928.00
RE: Subscription shares
2 May '17
Hi O&T

Yes the gearing is now eye-wateringly impressive, however that has to be balanced against the very short life left - expire end June - and the large spread on the subs, presently 7.5 - 12.5, bid was 5 earlier on.

The underlying is ~925 - 928 on the most recent trades, so with the exercise price being 915p the subs are moving over to a discount (sub + ex price < underlying price). Even with further rises in the underlying I would still expect a persisting discount as few will want to hold to expiry as that will mean either exercising (very large cash outlay) or hoping the company will offer post expiry settlement (I can find no commitment on that) and the other factor being the large spread.

Despite all that there is distinct value at risk here with as said if there is a 5% lift in the underlying that would take that price to ~ 58p over the ex. If we get that 50p for selling subs before the wind up looks feasible. 4x. 10% gives ~9x.

If JMI instead holds at the present sp or falls, don't be surprised at wipe out of the subs.

I hold a few and am hopeful. Horse race territory now.

ATB.

GK.
oldandtired
Posts: 184
Opinion:No Opinion
Price:920.00
Subscription shares
28 Apr '17
I have been accumulating the subscription shares for a while. They are currently 12.5p to buy and I think they represent exceptional value at this price. If the shares rise 5%, the subscription shares should quintuple.
lignumvitae
Posts: 142
Opinion:No Opinion
Price:908.00
FOR THE GAMBLERS
28 Apr '17
This trust has a very nice portfolio of investments. The NAV is on an impressive upwards curve. The shares are on something like a 20% discount. So far, so good, so boring you might say. BUT: There are SUBSCRIPTION SHARES exercisable at 915p up to end June. They are just on the money and are at a mid price of 12.5p and can probably be bought at the mid. Setting of a limit is essential. For the gambler a continuing bullish market & a narrowing of the discount could provide short term strong percentage returns. Not for the fainthearted & pin money only but maybe a better bet than the 3.30 at Kempton Park.
View more share chat for Jpmorg.smaller (JMI) >>




Jpmorgan Smaller Companies Investment Trust Plc Ord 25P home pageWebsite: Jpmorgan Smaller Companies Investment Trust Plc Ord 25P
Website Description: JPMorgan Asset Management



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