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BENJAMIN HORNIGOLD LIMITED — Net Asset Value 2018
Apr 12, 2018
64522_rns_2018-04-12_0cd33cb3-726c-4fd3-b713-112a1b176601.pdf
Net Asset Value
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Benjamin Hornigold Ltd ACN 614 854 045
ASX Announcement (ASX: BHD)
13 April 2018
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 as at 31 March 2018 is as follows:
| NTA backing before tax2: | $1.070 |
|---|---|
| NTA backing after tax: | $1.034 |
| NTA performance following the Company’s | 28.09% |
| admission on 11 May 2017 before the application | |
| of taxes and other adjustments: |
Stuart McAuliffe, Chief Investment Officer, said, “Volatility has increased, and we have focused primarily on opportunities in currencies. We don’t believe equities have significant (more than 10%) downside from here and valuations are more interesting here than they were in January.”
ENDS
Kevin Mischewski Company Secretary Benjamin Hornigold Ltd [email protected]
1 The estimate may not include the impact of all corporate actions for the month-to-date. The estimate is after accrued performance fees, based primarily on internal data and should not be relied upon as being accurate.
2 Provisions for tax on realised and unrealised profits and gains have not been included in the calculation of NTA backing before tax.