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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2016
Sep 6, 2016
64981_rns_2016-09-06_cf5f694b-e6b5-4e2a-9a29-abf427b5b193.pdf
Net Asset Value
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6 September 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 31 August 2016
The unaudited NTA backing per share of the Company at 31 August 2016 was as follows:
| Before | After | |||
|---|---|---|---|---|
| estimated tax on | estimated tax on | |||
| unrealized gains | unrealized gains | |||
| at | 31 | August 2016 | 182.6 c | 161.7 c |
| at | 31 | July2016 | 175.1 c | 156.5 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 (BRKO shares on NYSE increased as did the prices of the other investments - Athelney Trust plc (ATH) on LSE and FSI on the ASX. The foreign exchange gain on the BRK shares was offset by a foreign exchange loss on the ATH shares.
The three investments of the Company at 31 August 2016 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) | 71.8 % |
| FlagshipInvestments Limited(ASX) | 21.4 % |
| AthelneyUnit Trust PLC(LSE) | 6.8 % |
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