Interim Management Statement

RNS Number : 3730M

JPMorgan Mid Cap Invest Trust PLC

21 May 2010

 



JPMorgan Mid Cap Investment Trust plc

Interim Management Statement

For the three months ended 31st March 2010

This interim management statement relates to the quarter from 1st January 2010 to 31st March 2010 and contains information that covers that period, unless otherwise stated. 

Financial performance - Cumulative Total Return *

	1 month	3 months	1 Year	3 Years	5 Years	10 Years
Share price	11.6%	6.2%	50.1%	-38.4%	21.8%	41.2%
Net asset value	11.2%	10.3%	53.9%	-34.7%	21.6%	37.6%
Benchmark	9.6%	10.3%	66.6%	-4.9%	65.7%	119.8%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position

	As at 31st March 2010	As at 17th May 2010
Total assets	£132.4m	£128.9
Share price	389.0p	385.0p
Net asset value	469.9p	452.3p
Discount	18.1%	14.9%
Gearing	109.7%	108.1%

Share prices shown are closing bid

Net asset values are shown with debt at fair value

Source: JPMAM/Fundamental Data

Material events

There were no material events.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Shares in issue as at 1st January 2010 (excluding shares held in Treasury)	25,311,680
Shares held in Treasury as at 1st January 2010	820,500
Shares bought back and cancelled Shares bought back into Treasury Shares issued - from Treasury Shares issued -            new	- 50,000 - -
Shares in issue at 31st March 2010 (excluding shares held in Treasury)	25,261,680
Shares held in Treasury as at 31st March 2010	870,500

During the quarter, the Company bought 50,000 of its own shares into Treasury, representing 0.2% of the shares in issue at the beginning of the financial year. The Company has not issued any shares in this financial quarter.

Portfolio

Top ten holdings as at 31st March 2010

Stock name	Sector	Weight %
United Business Media	Consumer Services	2.7
Pennon Group	Utilities	2.4
GKN	Consumer Goods	2.4
Rentokil Initial	Industrials	2.3
Mitchells & Butlers	Consumer Services	2.3
Misys	Technology	2.3
Charter	Industrials	2.3
FirstGroup	Consumer Services	2.2
Aegis	Consumer Services	2.1
ITV	Consumer Services	2.1

Sector analysis as at 31st March 2010

	Portfolio %
Consumer Services	27.7
Industrials	22.8
Financials	12.9
Consumer Goods	10.8
Technology	8.4
Basic Materials	5.9
Oil & Gas	5.4
Utilities	5.3
Telecommunications	1.0
Health Care	0.0
Cash	-0.2
Total	100.00

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

21st May 2010

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

Telephone: [phone]

This interim management statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules.

Please note that up to date information on the Company, including daily NAV and share prices, factsheets and portfolio information can be found at www.jpmmidcap.co.uk 

 

END

 

 

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