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: [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.

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.

 

END

 

 

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