Member Info for notthatbright

I've got £202.5m for the MOEX holdings, giving us a total NAV of £5.57 excluding divs.

Haven't updated my div tracker for a while, had them at about ₽124 last time I checked though, so roughly a quid.

The Russian holdings are still there, they've just been marked down to 1% of their true value.

Unadjusted NAV is £5.50 atm, plus 46p/63p divs (depending on who you listen to).

What's the reason this is up 5%?

@K3NTY think the back of my *** packet let me down, my sums were a bit out, it’s actually 172k shares, or about £10k. My point still stands though.

Completely agree about holding these bastards to account btw.

JEMA still has £200m of MOEX holdings marked down by 99%, and at least £7m in the type S amount they’re not including in the official NAV. True NAV is over £5, though this probably won’t be realised until a peace deal & lifting of sanctions.

Div yield of new investments would be 4.2% at yesterday's SP

There’s plenty of upside from here, we’re still only at a quarter of the MOEX valuation (excluding divs).

There's about a 7 week lag on the holding reports, we probably won't know for a while

> they had converted most of the holdings into cash ... there is negligible upside holding here for Russian spike

wtf are you talking about, the Russian holdings are worth £230m, or £5.69 per share (excluding divs in the S account) at the moment?

No decisions have been made so far. There was talk of changing the scope of the fund to allow for investment in other markets, but it's been quiet lately. The managers are in the process of converting all DRs atm, I think they'll be finished soon.

There's approx 50p per share in type C accounts, waiting for capital controls to be lifted, and about 42p per share in a GBP money market fund. The total (unadjusted) NAV is about £6.60 per share atm.

If you're on Telegram I'd suggest you join the JRS group, there's a lot more research and discussion going on in there.

Hope you got out early Thunks, this will be back below 11p soon

I think the plan is to use the cash to cover running costs until the funds in the type C account can be released. Alternatively, there'll be a mandate change which will allow the funds to be invested outside of Russia (though I expect there'll be a placement, diluting current holders).

I'd recommend you join the telegram group (search for JPMorgan JRS), there's a lot more discussion going on there

That doesn’t sound very “laser focused” to me

Sunlight is the best disinfectant buddy

Well, that was short-lived. 18p will look like a good exit point when this is sub 10p (probably before the end of the month).

The thread was removed for some reason.

Anyway, one up day and the tg gang are celebrating like they're not still deep underwater.

PGCE, Upper Thames Holdings, Valereum Blockchain, Valereum.

If 4 company names and 3 completely different strategies in 3 years isn’t a big red flag then Christ knows what is. I hope the people who’ve been duped by this don’t lose too much.

There’s talk of £30 SP in the tg now, the delusion seems to know no bounds

That Telegram group is basically a circle-jerk rampathon, I feel quite sorry for a lot of the chumps who’ve been sucked into it, there’s clearly a lot of inexperienced investors in there. Can’t believe it’s ok for one of the directors to drop in and pump too, he seems like a total spiv.

https://nitter.net/rdv_analytics/status/1562809146537558016?s=21&t=nUV1JfS8FVsZiesKudyVXw