JP Morgan issued an RNS as of late pronouncing there are “recently no plans to factor stocks or lift capital”.
I don’t like using the phrase ‘recently’, as, in the event that they write the plans the next day its technically now not an unfaithful remark.
I merely don’t believe them and assume the fund will have to be delisted, surplus money paid out and frozen till the sort of time as we will get our cash out at a cheap valuation – which I’d outline as MOEX +/- 10%. I’m very conscious this will likely take a number of years however am not anything if now not affected person. There may be some motion amonst shareholders to place ahead a solution restricting their talent to eliminate Russian shares – if one thing like that is proposed I can reinforce it.
There is not any benefit to creating this a are living funding automobile with 41p/proportion are living belongings, coupled with an unvaluable (in impact) quantity of Russian inventory.
This merely isnt a smart plan and will have to nonetheless be voted in opposition to on the earliest alternative.