Interim Management Statement

RNS Number : 4658N
JPMorgan Smaller Cos IT PLC
11 June 2010
 



JPMorgan Smaller Companies Investment Trust plc

(the 'Company')

 

Interim Management Statement (unaudited)

 

For the three months ended 30th April 2010

 

This interim management statement relates to the quarter from 1st February 2010 to 30th April 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

3.4%

5.7%

39.4%

-31.8%

36.8%

56.8%

Net asset value

5.4%

6.6%

48.1%

-25.6%

47.5%

63.5%

Benchmark

4.4%

3.2%

33.6%

-32.2%

1.6%

3.3%

 

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

 

Financial position

 


As at 30th

April 2010

Total assets

£99.2m

Share price

373.0p

Net asset value per share

478.8p

Discount

22.1%

Gearing

106.8%

 

Share prices shown are closing bid

Net asset values are shown excluding income with debt at par 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 2010

19,553,550

Shares bought back and cancelled

592,472

Shares issued - new

Shares bought back into treasury

Shares issued - from treasury

-

-

-

As at 30th April 2010

18,961,078

 

During the quarter, the Company made market purchases of 592,472 of its own shares for cancellation, representing 3.03% 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 2010:

 

 

Stock name

Sector

Weight %

Yule Catto & Co

Basic Materials

2.4

Elementis

Basic Materials

2.2

Quintain Estates & Development

 

Financials

 

2.1

Senior

Industrials

2.1

International Personal Finance

 

Financials

 

2.1

Fenner

Industrials

2.0

Intec

Technology

2.0

Micro Focus International

Technology

1.9

Hill & Smith

Industrials

1.9

Diplomer

Industrials

1.9




 

 

Sector analysis as at 30th April 2010:

 

Sector

Portfolio %

Industrials

34.6

Financials

15.4

Technology

12.8

Consumer Services

11.3

Basic Materials

8.1

Consumer Goods

5.4

Oil & Gas

5.3

Healthcare

3.7

Telecommunications

2.1

Utilities

0.6

Cash

0.7

Total

100.0



 

By order of the Board

Divya Amin, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

 

11th June 2010

 

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

Telephone: 020 7742 6000

 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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