Jupiter Gr. Share Price (JGC)

Looks like I was wrong about this one maxing out at 23%. It's now nearly 29%. So the SP would have to rise 40% to close the gap. Buybacks are obviously one way forward. At a certain point in ridiculous cheapness it would even make sense to sell holdings to buy back your own stock. Not sure how often that happens but there's definitely an opportunity here for some sort of arbitrage.

Amazingly the SP to NAV divergence is still widening. It's now 27%. So for 1.89 you get 2.59 worth of bluechip green investments. Interesting to see how this one plays out. On the face of it, though, it's a real bargain.

You're right. No one would!

I have received a subscription offer of £2.5858 per new ordinary share - 1 entitlement share for every 10 existing ordinary shares.

I am sure I am missing something, but with the current price at 1.91 - well below the subscription offer, why would anyone subscribe?

Thanks

Another piece of the puzzle, I think, are the ongoing charges. These are 1.72% which is very high. And it's 1.72% of the NAV not the SP. So that's actually 2.3% of the SP when you factor in the huge discount. So the more the SP underperforms the NAV the more expensive it is in terms of charges. So maybe that's also putting people off, apart from the obvious fact that this trust is far too small.