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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2016
Oct 5, 2016
64981_rns_2016-10-05_36b171ee-34f9-4ad1-9627-5a7eebd6fb23.pdf
Net Asset Value
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6 October 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 September 2016
The unaudited NTA backing per share of the Company at 30 September 2016 was as follows:
| Before | After | |||
|---|---|---|---|---|
| estimated tax on | estimated tax on | |||
| unrealized gains | unrealized gains | |||
| At | 30 | September 2016 | 173.9 c | 156.0 c |
| at | 31 | August 2016 | 182.6 c | 161.7 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. During the month the prices of Berkshire Hathaway (BRK) shares on NYSE decreased as did the prices of the other investments - Athelney Trust plc (ATH) on LSE and FSI on the ASX. The Australian dollar strengthened and this contributed to a decline in the NTA at 30 September 2016.
The three investments of the Company at 30 September 2016 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) | 71.4 % |
| FlagshipInvestments Limited(ASX) | 22.0 % |
| AthelneyUnit Trust PLC(LSE) | 6.6 % |
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 Level 1 Fax: +61 2 8815 5401 12 O’Connell Street Email: [email protected] Sydney NSW 2000 www.globalmastersfund.com.au Australia