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JPMorgan Claver IT (JCH)

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Wednesday 16 November, 2011

JPMorgan Claver IT

Interim Management Statement

RNS Number : 2374S
JPMorgan Claverhouse IT PLC
16 November 2011
 



JPMorgan Claverhouse Investment Trust plc

 

Interim Management Statement

 

For the three months ended 30th September 2011

 

This interim management statement relates to the quarter from 1st July 2011 to 30th September 2011 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

-10.6%

-19.5%

-11.3%

9.9%

-11.3%

37.1%

Net asset value

-7.0%

-18.1%

-8.8%

12.8%

-7.5%

49.0%

Benchmark

-5.0%

-13.5%

-4.4%

19.2%

4.0%

59.4%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

 

Financial position


As at 30th September 2011

As at 15th November 2011

Total assets

                 £268.3m

£285.2m

Share price

   371.0p

 405.0p

Net asset value

   412.0p

 436.8p

Discount

     10.0%

 7.3%

Gearing

      109.9%

108.5%

 

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 2011.

 

Material transactions

Changes to share capital


Ordinary Shares of 25p

Shares in issue as at 1st July 2011

56,765,653

Shares bought back and cancelled

-

Shares bought into Treasury

219,122

Shares cancelled from Treasury

-

Shares issued

-

As at 30th September 2011

56,765,653

 

The Company has not bought back and cancelled, or issued any shares in this financial quarter.

 

Portfolio Analyses

 

Top ten holdings as at 30th September 2011

 

Stock name

Sector

Weight %

Royal Dutch Shell

Oil & Gas

9.0

Vodafone

Telecommunications

6.2

HSBC Holdings

Financials

6.0

BP

Oil & Gas

5.4

GlaxoSmithKline

Health Care

4.6

British American Tobacco

Consumer Goods

3.8

AstraZeneca

Health Care

3.7

Rio Tinto

Basic Materials

3.3

BHP Billiton

Basic Materials

2.8

Prudential

Financials

2.4

 

Sector analysis as at 30th September 2011


Portfolio %

Financials

23.4

Oil & Gas

18.5

Consumer Goods

11.7

Basic Materials

10.0

Health Care

9.2

Telecommunications

7.9

Consumer Services

6.7

Industrials

5.6

Utilities

2.4

Technology

0.5

Cash

4.1

Total

100.00

 

 

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

 

16th November 2011

 

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.jpmclaverhouse.co.uk 

 


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