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ECP EMERGING GROWTH LIMITED — Net Asset Value 2018
Sep 3, 2018
64817_rns_2018-09-03_bc26d2c0-def8-44c5-a532-3c78f3a5fda8.pdf
Net Asset Value
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ABN 30 167 689 821
04 September 2018
The Manager Company Announcements Office ASX Ltd, Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 2000
Suite 305, Level 3 343 George Street SYDNEY NSW 2000
Telephone 1800 352 474 Facsimile 02 8651 6899
Dear Sir
Net Tangible Asset (NTA) Backing per Share & Top 5 Investments – 31 August 2018
The unaudited NTA backing per share of the Company at 31 August 2018 was as follows:
| Before | After | |||
|---|---|---|---|---|
| estimated tax on | estimated tax on | |||
| unrealised gains | unrealised gains | |||
| at | 31 | August 2018 | 132.2 c | 126.8 c |
| at | 31 | July 2018 | 118.3 c | 116.7 c |
The NTA figures shown above are before and after the provision for deferred tax on the unrealised gains in the Company’s investment portfolio. The Company is a long-term equity investor and does not intend to dispose of its total portfolio.
During the month, the portfolio performed very well returning 12.5% while the All Ordinaries gained 1.0%.
The top five investments of the Company at 31 August 2018 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Pendal GroupLtd | 6.70 % |
| Carsales.Com Ltd | 6.07 % |
| A2 Milk Company | 5.93 % |
| Magellan Financial GroupLtd | 5.93 % |
| CorpTravel Limited | 5.81 % |
| Total Top 5 Equity Investments | 30.44 % |
If you have any questions, please call the Company Secretary on 1800 352 474.
Yours sincerely
BARRACK ST INVESTMENTS LIMITED
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Brian Jones Company Secretary