Added to YB: 2024-06-18
Pitch date: 2024-06-14
JEMA.L [bullish]
JPMorgan Emerging Europe Middle East & Africa Securities Plc
+90.09%
current return
Author Info
No bio for this author
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Company Info
JPMorgan Emerging Europe Middle East & Africa Securities Plc is an equity mutual fund launched and managed by JPMorgan Funds Limited.
Market Cap
N/A
Pitch Price
GBP 1.06
Price Target
N/A
Dividend
N/A
Sector
Capital Markets
Category
special_situation
Show full summary:
JPMorgan Russian Securities
JEMA.L: UK trust, ex-Russia focused, now in EMEA. Trades at 2x 47.5p FV NAV (Russian assets 99.5% discounted). But using MOEX prices + converting RUB cash, true NAV could be 701p (545p Russian equities, 112p cash, 44p EMEA). Upside if sanctions resolve, but risks of asset grab, perpetual sanctions, mgmt missteps.
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