Interim Management Statement

RNS Number : 8784J
JPMorgan Indian Invest Trust PLC
13 August 2012
 



JPMorgan Indian Investment Trust plc

 

Interim Management Statement (Unaudited)

 

For the three months ended 30th June 2012

 

 

This interim management statement relates to the quarter from 1st April 2012 to 30th June 2012 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

7.0%

-7.6%

-21.6%

6.2%

3.2%

489.1%

Net asset value

4.5%

-7.1%

-19.5%

16.4%

4.4%

433.9%

Benchmark

5.4%

-7.8%

-23.7%

11.6%

12.3%

378.4%

 

* total return with net dividends reinvested

Source: JPMAM/Morningstar

 

Financial position


As at 30th

June 2012

As at 9th August 2012

Total assets

£441.6m

£451.8m

Share  price

326.0p

332.8p

Net asset value

Discount/Premium

Gearing

Subscription share price

379.2p

-14.0%

95.4%

58.0p

387.0p

14.0%

95.3%

58.5p

 

Share prices shown are closing bid

Net asset values are shown with debt at par value

Source: JPMAM/Morningstar

 

Material events

 

There were no material events during the reporting period.

 

Material transactions

 

Changes to share capital

 

 

 

 


  Ordinary Shares

Subscription Shares




As at 1st April 2012

119,857,221

6,156,802

Shares bought back and cancelled

-

-

Shares bought back into Treasury                                       


-

Shares cancelled from Treasury

-

-

Shares exercised

-

19,065

Shares issued

19,065

-

As at 30th June 2012

119,876,286

6,137,737

 

During the period 1st April 2012 to 30th June 2012 the holders of 19,065 subscription shares elected to convert their shares into ordinary shares. 403,000 Ordinary shares were bought into Treasury during the period. Of the 119,876,286 ordinary shares in issue as at 30th June 2012, 5,636,204 shares were held in Treasury.

 

Since 30th June 2012 the Company has bought 200,000 ordinary shares into Treasury.

 

Portfolio Analyses

 

Ten largest holdings as at 30th June 2012

 

Stock name

Sector

Weight %

Infosys Technologies

Information Technology

9.9

HDFC Bank   

Financials

8.7

ITC

Consumer Staples

7.1

Reliance Industries

Energy

6.8

Housing Development Finance          

Financials

6.2

Tata Consultancy Services     

Information Technology

5.0

Infrastructure Dev Finance

Tata Motors

Financials

Consumer Discretionary

3.4

3.3

ACC

Materials

3.2

Gujarat Ambuja Cement

Materials

3.0

 

Sector breakdown as at 30th June 2012

 

Sector

 

Portfolio %

Financials

28.2

Information Technology

16.6

Energy

10.3

Materials

9.8

Consumer Discretionary

8.9

Consumer Staples

7.1

Health Care

5.6

Industrials

2.6

Telecommunication Services

2.3

Utilities

1.6

Cash

7.0

Total

100.0

 

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

10th August 2012

 

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

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 at www.jpmindian.co.uk


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