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BENJAMIN HORNIGOLD LIMITED — Net Asset Value 2018
Feb 13, 2018
64522_rns_2018-02-13_01024cd5-0210-4961-afa6-4c0ec5f1a546.pdf
Net Asset Value
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Benjamin Hornigold Ltd ACN 614 854 045
ASX Announcement (ASX: BHD)
14 February 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 January 2018 is as follows:
$1.203 NTA backing before tax[2] : $1.1353 NTA backing after tax: 25.26% NTA performance following the Company’s admission on 11 May 2017 before the application of taxes and other adjustments:
Stuart McAuliffe, Chief Investment Officer, said, “Recent volatility is an opportunity, particularly in equity markets outside of the USA. Earnings growth is strong and economic growth is early stage in Europe and Asia. The ASX also looks good value here and we are buying in size.”
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.