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Interactive investor allows shareholders voting…does anyone know how HL can be persuaded to do the same?
decent volume and price action today - virtually all trades today seem to be buys and some nice 10-30k tickets ...
My calcs have £3.67 not excluding any ADRs / GDRS right now, back over £1 to start I'd hope...
I can't trade it but another trade just went through so its open.
HL claim it’s still trading. Anyone know what’s going on?
I don't see anything scary in the KID. Can you let us know what you're referring to?
Agree with squeaky19 earlier in week. Only reason am here is exposure to Gazprom/Norilsk etc.
Wouldn’t get those calibre assets in Africa/MENA or anywhere! Happy to be persuaded otherwise?
Probably no difference in temperaments/ambitions of character in kremlin/ raft African & MENA leaders.
Badly need some kind of pension. Rate Oleg/Habib etc. Rate world class Russian assets!.
It was announced that Blackrock's Russia ETF is shutting down. Perhaps this spooked the market. I don't see JRS doing the same.
This I’m was going up because there was talk of selling the Russian shares but it looks like the Russians have extended the ban overseas selling banking and energy stocks.
https://uk.yahoo.com/finance/news/russia-bans-western-investors-selling-122259258.html
I only have profits in here …. Sold 110 bought back the same shares at 83 just now …
If the money goes it goes.
I would buy at 50p as 45p cash and 5p gamble on Putin not stealing all the money.
More like a pop than a boom. This is sinking like a stone. Read the small print in the KID produced by JPM and you wouldn’t go anywhere near this. Your investment could very easily be reduced to zero.
Totally bent, what's going on here, imo.
been in auction for 25 minutes now, very strange
Rob as with Slownsteady can you explain why the corporate actions converting of the ARDS would result in such a rise in share price ....I as im not that ofay with the ins and outs of an bankers thinking >>thanks laurie ...Im liking it but always ;like to learn
Bank New York Mellon issued Corporate Actions to convert ADRs
Can someone (whisper to me very quietly) why recent movement upwards? Shhhhh's the word.
Down to possible re-jigging to other countries? I'm against it, by the way.
My broker (freetrade) wont let me buy these shares due to Russia. But they don't mind selling shares in oil companies making millions off the back of war. They tried to make me sell ages ago. I am holding for the long run, these will multibag.
AUCTION
Surely it's worth £4-5 of anyone's money.
It's very much just our dirty little secret this one!
I'm looking for £1.30 ish in short order but will be holding to £3 min.
GLA
shhhhhhh no one say anything!!
Possibly so, but why whould you (or they) throw 50% of the "true value" down the drain by selling on the cheap to Chinese investors?
Presumably for PR reasons?
Which makes no sense at all.
This is a Russia fund, the clue is in the name.
If someone doesn't like Russian assets then they can sell now but I fail to see how JPM could or should do this unless the mandate is changed; which seems like a very strong argument not to change the mandate!
A second book for overseas investors to buy and sell is being built. JRS should then be able to sell to the Chinese and recover 50% odd of the true value. This is 300p to 350p IMO
The perceived threat is that the fund would cease if it doesn't change objective. But I don't think it could do that even if it wanted to, for years, because their positions are frozen. Given that my average buy is 94p, and given that I have zero faith in the UK economy and the pound (I am in the UK), I think I would vote no to the changes.
BTW there is another JRS forum here, in case you don't know about it:
https://uk.advfn.com/cmn/fbb/thread.php3?id=25689500
In the current climate I would vote no!
The value is locked up in Russian assets. If we are allowed to diversify and / or it becomes possible for JPM to sell the Russian assets we could be looking at a "greenwashing" firesale. Why would anyone want that?
If you don't want Russian assets (for whatever reason) then you can sell out of JRS at any price you like, but a change to the mandate could lead to a JPM sale of Russian assets at a distressed price which we have no say in just for good PR.
From an investment point of view I hope that the JRS board go on holiday for 2 years and we can review this when everything else has blown over.