JPMorgan American Inv Trust (JAM)

Sector:

Investment Firms

Index:

FTSE 250

986.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 990.00
  • 52 Week Low: 698.00
  • Currency: UK Pounds
  • Shares Issued: 182.70m
  • Volume: 308,437
  • Market Cap: £1,801.45m
  • RiskGrade: 89

JPMorgan American cashes in on high share price

Date: Wednesday 30 May 2012

LONDON (ShareCast) - JPMorgan American Investment Trust is to tap the market with a share placing with professional investors.

The company plans to issue up to 1.19m shares at a price to be announced on Thursday. The new shares to be issued represent around 2.55 of the current issued share capital of JP Morgan American.

The price at which the shares will be placed will reflect the market price of the trust's shares at the time, subject to the condition that the price will be at a premium of at least 1.5% to the net asset value (including income and valuing debt at fair value) per share at the close of trading on Wednesday, May 30th.

Unusually for an investment trust, JP Morgan American's shares trade at a premium to net asset value (NAV) per share. As at May 14th, NAV per share was 852.6p, while the share price was 4.1% higher at 887.5p. As at Tuesday night's close, the share price had moved higher still to 892p.

Shares will be offered on a first-come first-served basis.

JH

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JAM Market Data

Currency UK Pounds
Share Price 986.00p
Change Today 3.00p
% Change 0.31 %
52 Week High 990.00
52 Week Low 698.00
Volume 308,437
Shares Issued 182.70m
Market Cap £1,801.45m
RiskGrade 89

JAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.7% below the market average87.7% below the market average87.7% below the market average87.7% below the market average87.7% below the market average
99.33% below the sector average99.33% below the sector average99.33% below the sector average99.33% below the sector average99.33% below the sector average
Price Trend
87.89% above the market average87.89% above the market average87.89% above the market average87.89% above the market average87.89% above the market average
97.00% above the sector average97.00% above the sector average97.00% above the sector average97.00% above the sector average97.00% above the sector average
Income
81.84% below the market average81.84% below the market average81.84% below the market average81.84% below the market average81.84% below the market average
79.56% below the sector average79.56% below the sector average79.56% below the sector average79.56% below the sector average79.56% below the sector average
Growth
63.71% below the market average63.71% below the market average63.71% below the market average63.71% below the market average63.71% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average

JAM Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 31-Aug-23
Paid 31-May-24 06-Oct-23
Amount 5.25p 2.50p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 7,308 @ 986.00p
16:35 1 @ 986.00p
16:35 82 @ 986.00p
16:35 82 @ 986.00p
16:35 82 @ 986.00p

JAM Key Personnel

Chair Kevin Carter

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