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RCM Technology Trust (ATT)

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Tuesday 29 September, 2009

RCM Technology Trust

Interim Management Statement

RNS Number : 8973Z
RCM Technology Trust PLC
29 September 2009
 



RCM Technology Trust PLC   


Interim Management Statement


For the quarter ended 31 August 2009


This interim management statement relates to the quarter from 1 June 2009 to 31 August 2009 and contains information for that period unless otherwise stated. This statement is produced to provide information in accordance with the UK Listing Authority's Disclosure and Transparency Rules. 



Investment policy and benchmark


The Company invests principally in the equity securities of quoted technology companies on a worldwide basis with the aim of achieving long-term capital growth. The Company's benchmark is the Dow Jones World Technology Index (sterling total return).



Portfolio


Top ten holdings at 31 August 2009 and percentage of total gross assets



 £   

%


Microsoft

2,755,260

4.88

Cisco Systems

2,460,639

4.36

Google 

2,185,416

3.87

Salesforce.Com

2,035,506

3.60

Hewlett Packard

2,027,481

3.59

Intel

2,004,764

3.55

Riverbed Technology

1,910,793

3.38

China Telecom

1,667,080

2.95

Amazon

1,620,205

2.87

Qualcomm

1,602,805

2.84













Total Gross Assets

£56,473,716




Material events and transactions


During the period 36,000 Ordinary Shares were purchased for holding in treasury at a total cost of £78,205.10.



Financial Performance to 31 August 2009





% change





3m

6m

1yr

3yrs

5yrs


Share price

6.0

24.8

-4.4

7.2

33.7


Net Asset Value     

7.0

25.5

-1.4

10.0

23.2


Benchmark*

14.1

35.4

1.6

14.2

35.7



Dow Jones World Technology Index (sterling total return)

Source: Datastream



Financial position at 31 August and 28 September 2009




31 August


28 September

Total gross assets


£56,473,716


£61,732,490

Net assets


£56,075,233


£61,349,296

Share price


220.50p


240p

Net asset value (undiluted) 1


245.05p


268.10p

Net asset value (diluted) 1


244.37p


267.32p

(Discount) Premium 2 


(10.0)%


(10.5)%

Gearing    


-1.2%


-1.8%


1 The net asset values per ordinary share are calculated and announced daily.

2 The discount is the difference between the share price and NAV per share (undiluted) expressed as a percentage of the NAV per share.



Company Information


Launch date


1995

EPIC


RTT

Year end


30 November

Annual Financial Report


Final posted March, half-yearly posted July

AGM


April

Price Information


Financial Times, The Daily Telegraph, www.allianzgi.co.uk



Investor information


Further up to date information, including Net Asset Values and share prices, and the latest available factsheets and portfolio information, is provided on the Manager's website, which can be accessed via  www.rcmtechnologytrust.co.uk  owww.allianzgi.co.uk .  Investor services can be contacted on 020 7065 1407 and information can also be obtained from the Manager's helpline on 0800 317 573.




By order of the Board.

RCM Technology Trust PLC


155 Bishopsgate

London EC2M 3AD,


29 September 2009


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