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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2016
Dec 5, 2016
64981_rns_2016-12-05_817d5f08-f9bc-4279-9137-1fa9f8d1fcbb.pdf
Net Asset Value
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6 December 2016
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Company Announcements Office ASX Ltd Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 2000
Dear Sir
Net Tangible Asset (NTA) backing per Share at 30 November 2016
The unaudited NTA backing per share of the Company at 30 November 2016 was as follows:
| Beforeestimated tax onunrealized gains | Afterestimated tax onunrealized gains | |
|---|---|---|
| at30 November 2016 | 188.7 c | 166.4 c |
| at31 October 2016 | 173.0 c | 155.4 c |
The NTA figures shown above are before and after the provision for deferred tax on the unrealized 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. The BRK share prices increased in November 2016 on NYSE, as well as Athelney Trust on LSE and Flagship Investments on ASX. The value of the Australian dollar at 30 November 2016 weakened during November which assisted the NTA increase.
The three investments of the Company at 30 November 2016 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) | 74.2 % |
| FlagshipInvestments Limited(ASX) | 18.9 % |
| AthelneyUnit Trust PLC(LSE) | 6.9 % |
For further information please call the Company Secretary on 1300 552 660.
Yours faithfully, GLOBAL MASTERS FUND LIMITED
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Brian Jones
Company Secretary
Global Masters Fund Limited ABN 84 109 047 618
Tel: +61 1300 552 660 Fax: +61 2 8815 5401 Email: [email protected] www.globalmastersfund.com.au
Level 1 12 O’Connell Street Sydney NSW 2000 Australia