In QuotedData’s morning briefing 28 March 2022:
- JPMorgan UK Smaller Companies (JMI) has posted its interim results for the six months to 31 January 2022. During the period under review, the trust delivered a negative return of 12.2% in share price terms and a NAV return of -9%. This was behind the Numis Smaller Companies plus AIM (excluding Investment Trusts) Index which fell by -4.5%. The lesser return for shareholders reflects a widening of the share price discount to net asset value from 8% at the start of the financial year to 11.5% at the end of the half year. The managers said the main detractors were CMC (a spreadbetting company) and Games Workshop (a manufacturer and retailer of war gaming figurines), and a recent IPO, Victorian Plumbing (bathware).
We also have final results from Octopus Renewables Infrastructure, Fidelity Japan and abrdn Asian Income while Pantheon Infrastructure made two new investments and Urban Logistics REIT has deployed £72m of capital on four new acquisitions.