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JPMorgan Claver IT (JCH)

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Thursday 18 November, 2010

JPMorgan Claver IT

Interim Management Statement

RNS Number : 4628W
JPMorgan Claverhouse IT PLC
18 November 2010
 



JPMorgan Claverhouse Investment Trust plc

 

Interim Management Statement

 

For the three months ended 30th September 2010

 

This interim management statement relates to the quarter from 1st July 2010 to 30th September 2010 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

6.7%

14.5%

15.3%

-7.5%

17.8%

13.1%

Net asset value

7.3%

15.6%

12.4%

-7.2%

19.0%

23.4%

Benchmark

6.5%

13.6%

12.5%

-3.1%

24.7%

32.1%

 

* total return with net dividends reinvested

Source: JPMAM/Morningstar

 

Financial position

 


As at 30th September 2010

As at 17th November 2010

Total assets

                 £292.2m

£297.7m

Share price

   435.0p

 442.5p

Net asset value

   457.7p

 470.9p

Discount

     5.0%

 6.0%

Gearing

      108.8%

109.0%

 

Share prices shown are closing bid

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

Source: JPMAM/Morningstar

 

Material events

 

A second quarterly interim dividend of 3.5p was paid on 1st September 2010.

 

Material transactions

 

Changes to share capital


Ordinary Shares of 25p

Shares in issue as at 1st July 2010

56,765,653

Shares bought back and cancelled

-

Shares bought into Treasury

130,000

Shares cancelled from Treasury

-

Shares issued

-

As at 30th September 2010

56,765,653

 

The Company has not repurchased or issued any shares in this financial quarter.

Portfolio

 

Top ten holdings as at 30th September 2010

 

Stock name

Sector

Weight %

Royal Dutch Shell

Oil & Gas

8.3

Vodafone

Telecommunications

5.8

HSBC

Financials

5.6

BP

Oil & Gas

5.4

GlaxoSmithKline

Health Care

4.1

AstraZeneca

Health Care

4.1

British American Tobacco

Consumer Goods

3.8

Rio Tinto

Basic Materials

3.7

BHP Billiton

Basic Materials

3.4

Anglo American

Basic Materials

2.4

 

Sector analysis as at 30th September 2010

 


Portfolio %

Financials

23.0

Oil & Gas

17.0

Basic Materials

13.7

Consumer Services

10.6

Consumer Goods

9.2

Health Care

8.6

Industrials

7.3

Telecommunications

6.5

Utilities

1.0

Technology

0.8

Cash

2.3

Total

100.00

 

 

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

18th November 2010

 

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

Telephone: 020 7742 6000

 

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.jpmclaverhouse.co.uk 


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