Interim Management Statement

RNS Number : 4012W

JPMorgan Smaller Cos IT PLC

10 June 2008

 



JPMorgan Smaller Companies Investment Trust plc

(the 'Company')

Interim Management Statement (unaudited)

For the three months ended 30th April 2008

This interim management statement relates to the quarter from 1st February 2008 to 30th April 2008 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	3.9%	8.9%	-26.3%	47.9%	210.2%	168.5%
Net asset value	3.2%	3.5%	-24.5%	49.6%	180.0%	169.3%
Benchmark	2.9%	0.4%	-28.4%	7.2%	71.3%	37.1%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 30th  April 2008	As at 9th  June 2008
Total assets	£110.6m	£114.4m
Share price	426.5p	432.8p
Net asset value per share	510.9p	516.8p
Discount	16.5%	16.3%
Gearing	105.6%	106.4%

Share prices shown are closing bid

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

Source: JPMAM/Fundamental Data

Material events

There were no material events to report in this financial quarter.

Material transactions 

Changes to share capital 

	Ordinary Shares of 25p
Shares in issue as at 31st January 2008	20,504,983
Shares bought back and cancelled	225,000
Shares issued - new Shares bought back into treasury Shares issued - from treasury	- - -
As at 30th April 2008	20,279,983

During the quarter, the Company made market purchases of 225,000 of its own shares for cancellation, representing 1.1% 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 30th April 2008:

Stock name	Sector	Weight %
Hill & Smith  Chloride Hyder Consulting Senior     ROK Connaught Chaucer Chemring Fenner     Elementis	Industrials Industrials Industrials Industrials Industrials Industrials Financials Industrials Industrials Basic Materials	2.7     2.0 2.0 2.0 2.0 2.0 1.9 1.9 1.9 1.9

Sector analysis as at 30th April 2008:

Sector	Portfolio %
Industrials  Consumer Services  Technology Financials Oil & Gas  Consumer Goods Health Care Basic Materials  Telecommunications Cash	52.2 10.9 9.3 8.9 7.2 4.4 3.1 2.8 0.8 0.4
Total	100.0

By order of the Board

Lucy Dina, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

10th June 2008

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.jpmsmallercompanies.co.uk. 

 

END

 

 

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