Interim Management Statement

RNS Number : 8050C

JPMorgan American IT PLC

19 November 2009

 



 

 

 

This interim management statement relates to the quarter from 1st July 2009 to 30th September 2009 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	0.5%	10.2%	10.4%	7.2%	35.7%	19.2%
Net asset value	5.4%	17.4%	5.6%	4.5%	28.2%	10.1%
Benchmark	5.7%	18.9%	3.3%	-2.3%	16.8%	-2.0%

 

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

 

Financial position 

 

	As at 18th November 2009	As at 30th September 2008	As at 30th June 2009
Total assets	£355.4m	£354.0m	£306.9m
Share price	645.5p	653.0p	592.5p
Net asset value	689.7p	704.6p	595.4p
Discount	6.40%	7.3 %	0.5 %
Gearing	111.1%	113.1%	112.3 %

 

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 to report for the three months ended 30th September 2009.

 

Material transactions 

 

Changes to share capital:    

 

	Ordinary Shares of 25p
Shares in issue as at 1st July 2009	42,725,949
Shares bought back and cancelled	-
Shares issued - new	-
As at 30th September 2009	42,725,949

 

The Company has not repurchased or issued any shares in the three months ended 30th September 2009.

 

Portfolio

 

Top ten holdings as at 30th September 2009

 

 

Stock name	Sector	Weight %
Exxon Mobil  Microsoft  IBM  Hewlett Packard Oracle  United Technologies  Wells Fargo  Chevron  Proctor & Gamble  Bank of America	Energy  Information Technology Information Technology Information Technology  Information Technology  Industrials  Financials  Energy Consumer Staples Financials	4.4 2.5 2.5 2.3 2.0 1.8 1.8 1.7 1.6 1.6

 

Sector analysis as at 30th September 2009

 

Sector	30th September 2009 %	30th June 2009  %
Information Technology  Financials  Health Care  Energy  Industrials Consumer Discretionary Consumer Staples  Materials Telecommunication Services  Utilities Cash	19.7 15.3 13.5 11.6 11.0 9.6 7.3 3.1 2.8 1.1 5.0	20.0 13.8 13.7 11.8 8.6 10.8 8.2 1.9 3.2 2.1 5.9
Total	100.0	100.0

 

Asset analysis as at 30th September 2009

 

	30th September 2009 %
Large companies	86.9
Small companies	7.2
Micro Cap	0.7
Unquoted investments	0.2
Cash	3.8
Unrealised hedge value	1.2
Total	100.0

 

 

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

 

19th November 2009

 

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.jpmamerican.co.uk.  

 

 

END

 

 

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