Interim Management Statement

RNS Number : 0352J
JPMorgan Smaller Cos IT PLC
06 June 2014
 



JPMorgan Smaller Companies Investment Trust plc

(the 'Company')

 

Interim Management Statement (unaudited)

 

For the three months ended 30th April 2014

 

This interim management statement relates to the quarter from 1st February 2014 to 30th April 2014 and contains information that covers that period, unless otherwise stated. 

 

 

Investment objective

 

Capital growth from UK listed smaller companies.

 

 

Financial performance - Cumulative Total Return *

 


1 Month

3 Months

1 Year

3 Years

5 Years

10 Years

Share price

-4.3%

-1.7%

30.5%

63.5%

225.3%

317.5%

Benchmark

0.3%

-0.8%

31.8%

64.7%

150.1%

105.9%

Net asset value

-1.0%

-0.3%

26.1%

53.5%

210.0%

262.2%

 

* total return with net dividends reinvested

Source: JPMAM/Morningstar

 

 

Financial position

 


As at 30th

April 2014

Total assets

£192.9m

Share price

812.0p

Net asset value per share

947.1p

Discount

-14.3%

Gearing

9.2%

 

Share prices shown are closing bid

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

Source: JPMAM/Morningstar

 

 

Material events

 

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

 

 

 

 

 

 

 

 

 

 

Material transactions

 

Changes to share capital

 


Ordinary Shares of 25p



Shares in issue as at 1st February 2014

18,219,372

Shares bought back and cancelled

-

Shares issued - new

Shares bought back into Treasury

Shares issued - from Treasury

-

-

-

As at 30th April 2014

18,219,372

 

Since the period end, the Company has not issued or repurchased shares for cancellation.

 

Portfolio Analyses

 

Top ten holdings as at 30th April 2014:

 

Stock name

Sector

Weight %

Brammer

Quintain Estates & Development

Trinity Mirror

Tribal

Lookers

Vectura

Heritage Oil

Darty

Plus500

Thomas Cook

Industrials

Financials

Consumer Services

Industrials

Consumer Services

Health Care

Oil & Gas

Consumer Services

Financials

Consumer Services

3.2

2.8

2.8

2.5

2.1

2.0

2.0

1.9

1.9

1.9

 

 

Sector breakdown as at 30th April 2014:

 

Sector

Portfolio %

Industrials

33.9

Consumer Services

24.3

Financials

13.5

Oil & Gas

9.1

Technology

8.3

Consumer Goods

5.0

Health Care

2.6

Basic Materials

1.4

Utilities

0.4

Cash

1.5

Total

100.0

 

 

 

 

 

 

 

 

 

By order of the Board

Divya Amin, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

 

6th June 2014

 

Registered office: 60 Victoria Embankment, London EC4Y 0JP

Telephone: 020 7742 4000

 

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.jpmsmallercompanies.co.uk.


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