Member Info for lawabider

Interesting, I'm able to view it from the UK. Anyway here it is again:

https://archive.ph/t5w79

Breaking news:

https://www.rt.com/russia/607948-retaliation-assets-freeze-economy/

To me it looks like it was a big bit of noise because of some whale buying. Price will probably decay back toward the NAV until something new and unexpected happens.

I think the cash is the proceeds of selling the Kazakhstan shares. Why they sold them though, I don't know.

JRS announced on Friday that some DR conversions have gone through. Monday will be interesting.

I think that CLIM is going to keep selling at about 100. Dips could be big but so will be the spread. I have a buy order at 70.

I don't see anything scary in the KID. Can you let us know what you're referring to?

It was announced that Blackrock's Russia ETF is shutting down. Perhaps this spooked the market. I don't see JRS doing the same.

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

I think I was wrong; the change of investment objective will take longer than a month. I've just read that there will be a shareholders' vote in the Autumn.
I'm not sure which way I would vote.

I think that the change in investment objective should take about 1 month. There will presumably be a change in name to go with it. Perhaps the DR conversions will have happened after around that time. I think the price will take off after that. I have been placing buy orders quite close the market price to buy dips.

Which broker are you using Indigo? (HL.co.uk here)

I have set some buy orders for buying dips to add to my position.
I am glad that they are having so much trouble cancelling depositary receipts, because I don't want them selling out of Russia anytime soon.

BTW I looked-up City of London Investment's CIO on Linkedin. There were signs of wokery (e.g. Bill Gates as an inflence, pfff). I think that they will continue to sell.

Gazprom DRs are the easiest to convert for most people, because they can use a Gazprombank account without full identity verification. Even just taking the Gazprom parts of the JRS portfolio and the cash, "converting" the DRs without any discount, I calculate well over £2 per share.

CORRECTION; the cash is 4p per share by my calculation.

I don't know either. But just taking their cash (or cash-equivalent*), I get 41p per share.

*(2,057,702 JPM USD LIQUIDITY LVNAV X (DIST.) 1,632,708.22)

Is the first of those two a depositary receipt position? What I found by googling 4364928 suggests that it is:
https://citiadr.factsetdigitalsolutions.com/stocks/profile.idms?pageId=15&subpageID=151&cusip=368287207

OK, B56CB23 seems to Sberbank shares, not DRs. Not sure if that was converted or always there.

I googled a few by "security no." They all seem to be depositary receipts. Is there an example of a real-shares position in there that you can see?
This fund should be more able to do the cancellations (conversions) than almost anyone. There must be legal problems; perhaps UK-specific. I haven't seen even one UK person do a conversion.