Member Info for Slownsteady

Ok, look forward to your calculation.

If you are asking for that info (available through JRS' latest Accounts - can be Googled) to calculate the "Actual" NAV rather than the published estimated NAV of 43p, this HL link tells us it's 621p?
https://www.hl.co.uk/shares/shares-search-results/j/jpmorgan-russian-securities-ordinary-1p

Which other board? Findmyidealpartner.com?

BP have made no RNS announcements yet. JRS are also an ("unfriendly") foreign shareholder. But of course, let's hope you are right.

Well, that's how it was reported in the DT. Confirmed by BP.
But, typical for the DT, the headline was even worse, indicating that the complete BP shareholding in Rosneft was being confisicated. That turns out to be nonsense (so far). But that's the DT for you... Masters of the Dog whistle. The Barking Mad readers' comments are always predictable, and often shocking.

Yes, divs are being paid into a special account. To be used by the Russians for debt repayments and other things. That is if you fit into their list of "unfriendly" nations. And JRS are a UK Company managed by an American Bank (both countries on the "unfriendlies" list).
So we can forget about Rosneft's "record" dividends.

I'm araid we can forget about this. Russia have just confisicated BP's Rosneft Dividend.
Our Duck-ing politicians are to blame. Britain can't get over the fact it is no longer a world power, and that 'thick as two planks' Truss wo.man can't keep her mouth shut. So we are top of "unfriendly" countries list. Sanctions work both ways.

Thanks Soleman. You are basically endorsing my thoughts? I see Sanctions continuing beyond any war cessation because of the stupidity of the self-harming West (in particular the Yanks and their lapdogs, the Brits).
But as Warren Buffett once said.... "I don't care if the Stockmarket shuts down for ten years". (To be fair, he also said he wouldn't touch Russia after seeing Gangster Capitalism at work during his Chairmanship of Saloman). As someone commented earlier, the cash dividend surplus will build up.

Having already shown my ignorance to wiser heads, I would appreciate comments/views on my assessment of the risks entailed or this Fund.
As I see it, the Shareholders have approved a 5 year extension, so it won't be wound up. JPM may feel the reputational risk does not warrant association with Russian Investments, so may look to transferring management to someone else. But who would take this on? Russia is deemed uninvesable.
The risks lie in the UK Govt/Regulators forcing the Trust to sell its Russian holdings (when allowed to do so by the Russians), but where will they put their liquid funds? In former Soviet satellites.
The real risk to me is that o the Russians simply expropriating foreigner' hholdings (nationalisation) in the Communist way. But if they were so inclined, they would already have done so, surely? Otherwise they would have defaulted on the foreign debt, which as far as I am aware, they have not done so far.
The risk of JPM buying out the Trust (hence the low Nav?) at the stated Nav of 40 something pence rather than 400 something pence would. I hope, be rejected by the Shareholders and an Independent Board.

Yes I know that. I mean once restrictions on foreigners are lifted on the Russian side. There will be a short term stampede for the door as the big Institutions try to cover their behinds from a legal and regulatory/govt viewpoint. Would be a bad time to sell.

Oh ok thanks. I'll take your word for it. If so, that's a massive relief. I couldn't find any (latest) commentary on their web page.
I just hope The Sleepy One doesn't force them to sell the Russan holdings.

Now efectively a Kazakh fund.

(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 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.

Two finger salute...

"BP said it will review its investment in the North Sea after the government imposed a windfall tax on oil and gas producers, weeks after chief Bernard Looney said the energy giant's plans in Britain would not be affected by such a levy.

Chancellor Rishi Sunak has unveiled a 25pc windfall tax on the profits of energy companies, which is expected to raise £5bn.

The cash pile will fund a one-off payment of £650 for eight million households in the lowest income brackets, Mr Sunak said.

BP said: "Today's announcement is not for a one-off tax – it is a multi-year proposal. Naturally we will now need to look at the impact of both the new levy and the tax relief on our North Sea investment plans."

Earlier this month, Mr Looney said at BP's annual meeting that a windfall tax could discourage investment in Britain, but not the company's £18bn investment planned for North Sea activities."

Right David. Everything posted on LSE is gospel truth. :-)

Sorry to dissapoint you chaps. Ex-Div tomorrow (26/05/22)

Whenever potentially damaging (or beneficial) announcements are made, I check what time it came into the public domain. I think this one came out before 4.30 pm?

McColls go bust. A racing certainty that McCall won't suffer the same fate. Even if she's fired after setting fire to our Company. Where do the get these people from? A more unimpressive Chairman in Bazalgette you'd struggle to find. At least he's leaving in due course. Hopefully the new Chairman will sweep this shower - and their Management Consultant's massively expensive "Strategy" - aside.

https://www.dailymail.co.uk/money/markets/article-10768347/Chinese-demand-break-HSBC-Ping-wants-Asian-spin-off.html