Interim Management Statement

RNS Number : 4563H

JPMorgan Mid Cap Invest Trust PLC

19 May 2014

 



JPMorgan Mid Cap Investment Trust plc

Interim Management Statement

For the three months ended 31st March 2014

This interim management statement relates to the quarter from 1st January 2014 to 31st March 2014 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	-0.8%	5.1%	45.1%	106.3%	264.5%	248.0%
Benchmark	-2.7%	2.7%	22.1%	59.0%	210.5%	261.4%
Net asset value	-1.1%	7.6%	35.2%	85.5%	227.1%	203.0%

* Total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 31st March 2014	As at 9th May 2014
Total assets	£251.1m	£241.6m
Share price	818.0p	789.0p
Net asset value	900.6p	861.0p
Discount	9.2%	8.4%
Gearing	13.1%	9.6%

Share prices shown are closing bid

Net asset values are shown cum income with debt at fair value

Source: JPMAM/Morningstar

Material events

On 20th February 2014, the Company announced the half year results for the six months ended 31st December 2013.

Material events since the period end

On 10^th April 2014, the Company announced that its full portfolio as at 28^th February 2014 was available on its website and that the Company will be publishing the historic portfolio information, as at the end of the previous month, on the Company's website on a monthly basis.

Material transactions

Changes to share capital	Ordinary Shares of 25p
Shares in issue as at 1st January 2014 (excluding shares held in Treasury)	23,997,180
Shares held in Treasury as at 1st July 2011	1,400,900
Shares bought back and cancelled Shares bought back into Treasury Shares issued - from Treasury Shares issued -  new	- - -
Shares in issue at 31st March 2014 (excluding shares held in Treasury) Shares held in Treasury as at 31st March 2014	23,997,180 1,400,900

The company has not bought back and cancelled, or issued any shares since the end of the quarter.

Portfolio Analyses

Top ten holdings as at 31st March 2014

Stock name	Sector	Weight %
Ashtead	Industrials	4.4
Thomas Cook	Consumer Services	3.9
Taylor Wimpey	Consumer Goods	3.1
easyJet	Consumer Services	2.7
Howden Joinery	Industrials	2.7
Micro Focus International	Technology	2.5
TalkTalk Telecom	Telecommunications	2.4
CSR	Technology	2.1
Interserve	Industrials	2.1
Berkeley Group	Consumer Goods	1.9

Sector analysis as at 31st March 2014

	Portfolio %
Financials	24.1
Consumer Services	23.2
Industrials	22.3
Consumer Goods	8.5
Telecommunications	5.9
Technology	5.5
Oil & Gas	4.4
Utilities	1.3
Basic Materials	1.2
Health Care	0.9
Cash	2.7
Total	100.00

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

19th May 2014

Registered office: 60 Victoria Embankment, London EC4Y 0JP

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.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

ENDS

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

 

 

IMSLIFSAESIALIS