Interim Management Statement

RNS Number : 7076T

JPMorgan Smaller Cos IT PLC

10 June 2009

 



JPMorgan Smaller Companies Investment Trust plc

(the 'Company')

Interim Management Statement (unaudited)

For the three months ended 30th April 2009

This interim management statement relates to the quarter from 1st February 2009 to 30th April 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	23.5%	19.2%	-33.3%	-39.0%	28.5%	74.1%
Net asset value	20.6%	16.5%	-33.4%	-36.2%	16.8%	67.9%
Benchmark	31.9%	31.6%	-29.1%	-40.5%	-17.7%	-1.7%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 30th  April 2009
Total assets	£70.9m
Share price	273.5p
Net asset value per share	329.1p
Discount	16.9%
Gearing	107.3%

Share prices shown are closing bid

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

Source: JPMAM/Fundamental Data

Material events

There were no material events to report in this financial quarter.

Material transactions 

Changes to share capital 

	Ordinary Shares of 25p
Shares in issue as at 31st January 2009	19,665,222
Shares bought back and cancelled	10,000
Shares issued - new Shares bought back into treasury Shares issued - from treasury	- - -
As at 30th April 2008	19,655,222

During the quarter, the Company made market purchases of 10,000 of its own shares for cancellation, representing 0.05% of the shares in issue at the beginning of the financial year. The Company has not issued any shares in this financial quarter.

Portfolio

Top ten holdings as at 30th April 2009:

Stock name	Sector	Weight %
SIG	Industrials	3.2
Punch Taverns	Consumer Services	2.3
Hampson Industries	Industrials	2.2
Pace	Technology	2.2
Spice	Industrials	2.1
Hilton Food	Consumer Goods	2.1
Delta	Industrials	1.9
Hill & Smith	Industrials	1.9
Health Care Locums	Industrials	1.8
Emerald Energy	Oil & Gas	1.8

Sector analysis as at 30th April 2009:

Sector	Portfolio %
Industrials	41.2
Financials	13.1
Consumer Services	12.0
Technology	11.5
Consumer Goods	7.3
Health Care	6.1
Oil & Gas	4.6
Telecommunications	2.2
Basic Materials	1.0
Utilities	0.3
Cash	0.7
Total	100.0

By order of the Board

Divya Amin, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

10th June 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.jpmsmallercompanies.co.uk. 

 

END

 

 

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