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Here it is some years since your post and the stock is at under 60p. I'm putting this on my watchlist for a while. Let's see if it gets into a steady upward trend..
Seems that Dilma's slender win in the presidential election has knocked the share price further.
There should be money to be made in Brazil, but these mugs don't have a clue
Am I right in thinking we are being asked to convert for £1 per subscription share when these same shares can be bought on the open market for 85 pence.
JPMorgan Brazil Inv Trust (JPB) Director name: Prof Victor Bulmer-Thomas Amount purchased: 24,000 @ 83.40p Value: £20,016
at JPB are well placed to make the right investments in the appropriate sectors for growth. 3 to 5 years will see a very healthy return, I am sure. I have investments in their China and Indian trusts, and am very pleased with their performance against the sector barometer.
This is a good long term hold. I invested 3k here in the summer @ 98.5p. Last week I sold 1ks worth to put in another ISA-able share, just in case this doesn't perform as expected. I too am confident about Brazil in the next 3-5 years, but they do have colossal problems to overcome. The country has had a bit of a "purple patch" under Lula and it's going to be interesting to see how it goes.
I was wondering why the drop too - checked recent news and think its because of a few things the last week or so, not sure which of them will have most bearing on the price but 1) NAV is now around 109-111 from 113-115 2) on 10 December the General Meeting passed both proposals, so over 16 million new shares will be listed and 3) on 14 December they announced they issued 4,000 ordinary shares after the exercise of subscription shares. All in all though, I think this is well worth an investment with all the assets, resources and upcoming events for Brazil.
got any idea as to what's caused the recent drop? Obv this isn''t of share your trade, so I'm not going t sell, but crious to hear people's thoughts????
does look bright GDGD, I too am in here. Seeing it as a more steady, lower risk rise to underpin my pf. Now the elections sorted, hopefully Roussef will come out with some lovely economic polices. Agree with you about getting midway up the top 10 economies. Think Brazil is in a better position than India, and in a few ways China as well (although not overall). Still has big crime and social issues to work through but there seems a real sense of national unity. Hopefully that doesn't stop now that HE (lol) has gone
I have this share in my PF. The coming years with the football World cup then the Olympic games, along with the doctrine that Brazil will be the fifth largest ecomomy in the world by the middle of this decade. All bodes well for this investment trust.
In Brazil at the moment mate so thought id check this out. Havent invested, the elections are forth coming over here with the left (labourist) party expected to win. The expect to continue to narrow income distribution etc. However under them the economy is growing rapidly. Dunno what if any impact this will have on the share. Just gettinh the board start. Any knowledge on this one
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