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BENJAMIN HORNIGOLD LIMITED — Net Asset Value 2017
Aug 8, 2017
64522_rns_2017-08-08_148b6b63-6858-4621-9426-a81b938530c0.pdf
Net Asset Value
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Benjamin Hornigold Ltd ACN 614 854 045
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ASX Announcement (ASX: BHD)
9 August 2017
Update - Unadjusted net tangible asset backing
Benjamin Hornigold Ltd (ASX: BHD) ( Company ) advises that the indicative estimate[1] of the unadjusted net tangible assets ( NTA ) of the Company’s investment portfolio is as follows:
| NTA before tax: | $1.029 |
|---|---|
| NTA after tax: | $1.014 |
| NTA performance following the Company’s | 6.92% |
| admission on 11 May 2017 before the | |
| application of taxes and other adjustments: |
Executive Chairman, Stuart McAuliffe, said, “Given that the ASX 200 is down over 2% since the Company listed and the average hedge fund is up 1.80%[2] since 1 May 2017, it has been a striking performance. We have profited from moves in the Hang Seng index in Hong Kong, NASDAQ 100, the large move in the Euro and the British Pound, supported by well-timed exposure to the Indian Rupee and South African Rand. Opportunities abound and we hope to capitalise on them."
ENDS
Stuart McAuliffe Executive Chairman Benjamin Hornigold Ltd E: [email protected]
1 The estimate may not include the impact of all corporate actions for the month-to-date. The estimate is based primarily on internal data and should not be relied upon as being accurate. BHD has been fully invested in global macro strategies only.
2 https://www.barclayhedge.com/research/indices/ghs/Hedge_Fund_Index.html