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(Top 10 Holdings )
Halyk Savings Bank of Kazakhstan JSC GDR 37.00%
Kaspi.kz JSC GDR 21.48%
United Co RUSAL International PJSC 11.57%
National Atomic Co Kazatomprom JSC ADR 8.91%
JPM USD Liquidity LVNAV X (dist.) 8.15%
GAZPROM PJSC COMMON STOCK RUB 1.12%
Sberbank of Russia PJSC Participating Preferred 1.01%
MMC NORILSK NICKEL PJSC COMMON STOCK RUB 1 0.76%
LUKOIL PJSC COMMON STOCK RUB 0.72%
ROSNEFT OIL CO PJSC COMMON STOCK RUB 0.01 0.33
I’m not sure where you are getting that idea from? Nothing had changed much
Are we entitled to dividends I thought being an outside investor that we were no longer permitted?
I'm afraid JPM Russia have gone and changed the Portolio composition dramatically. So any dramatic uptick in Russian share prices (or the "rubble" - already up significantly) will go to someone else. What id.io.ts.
Ahhhh Fair enough. Now that is a good ruse, thanks soleman for the insight!
Yup around £10 million sounds right. Since they can't transfer the money from Russia I will expect the money to be sitting somewhere getting at least 11% interest rate a year. Waiting one or 2/3 years to unlock all this JRS value is nothing! Massive returns will come one day.
..well I've just done the math:
Circa £8M GBP dividends from Gazprom
Divided by 40 M shares in issue
Equals circa 20p per JRS share from Gazprom dividend. About right?
GLA
GAZPROM will give a dividend of 52 rubles per share. The fund was holding back in 31 Dezember over 14 million GAZPROM shares. Just do the math!
I like both investments equally for value however simply as poly is one company vs the basket here I see this as slightly lower risk, splitting hairs really.
It's crazily low to give the appearance that jrs have pretty much lost everything, this keeps lawmakers and the woke at bay, when the war ends as if by magic things return to normal and you wonder why you didn't remortgage the house.
Thanks for the summary FairAnalyst! I am in both but mostly POLY :)
Ah I see, but why the low valuation? (Obviously I understand we have a war and there various different immense risks that follow these stocks but the valuation done by JP seems to excessively low)
The Russian holdings are valued at 1% of the value on moex. Eg 14 million Gazprom GDR are currently worth over £100 million on Moex but valued much lower by JRS
I don't understand sorry. Are you saying the russian oil holding percentage was intentionally diluted out in the portfolio by kazakhstan financial & oil holdings in the portfolio to make it look like it barely has any Russian holdings?
Ah ok thanks Soleman, does anyone have an opinion which is safer long term? JRS or POLY?
Hsbc, poly was shut off for a while when the war started but came back. Jr's though is only a sell most days and has been for a few weeks it's frustrating with the price down here.
What platform are you using? Not had a problem buying with Halifax
Is anyone UK based able to get a quote to buy? For weeks now I can only sell which doesn't suit my agenda!
No, again it's the percentage holding in relation to overall fund. The percentage of value attributed to Russian assets with the mark them down method jrs have put in place, smoke and mirrors I like their move its crafty. Confusing to many clearly, the holdings remain the same.
I think the holdings has changed since the start of the war, according to this - https://www.thisismoney.co.uk/money/markets/article-10816667/Russian-connections-JPMorgan-scrutiny.html
Would've sworn the oil holiding were far more greater tho.
I don’t think the holdings list has changed much since the start of the war?
What's up with the new holdings of the JRS? Mostly financials and companies like Kazatomprom I don't need JRS to buy for. Are we fudged?
Just read again about Shell selling its petrol stations to Lukoil (i.e 'us') and enjoying a massive loss for the privilege.
That's why I'm here
And if you didn't already know, GO WOKE GO BROKE!!!;)
GLA
If I can buy some of these tomorrow, I will. Something positive is brewing!