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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2017
Nov 7, 2017
64981_rns_2017-11-07_b3b6793a-2d32-451b-9755-be5564dfd0ff.pdf
Net Asset Value
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8 November 2017
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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 October 2017
The unaudited NTA backing per share of the Company at 31 October 2017 was as follows:
| Beforeestimated tax onunrealized gains | Afterestimated tax onunrealized gains | ||
|---|---|---|---|
| at31 October 2017 | 212.8 c | 185.9 c | |
| at30 September 2017 | 206.2 c | 181.1 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 increase in the market values of BRK shares listed on NYSE and FSI shares listed on ASX (ATY remained unchanged) increased the NTA at 31 October 2017. The value of the Australian dollar against the combined USD and British Pound weakened and this contributed positively to the NTA result at 31 October 2017. Under a Rights Offer to Shareholders made in October 2017, $4,289,126 was raised and the number of new shares issued early in November 2017 was 2,144,563. The NTA value per share post the issue of new shares as at 6 November 2017, increased from 185.9 cents per share to 188.5 cents per share (after tax and after increase in value of investments).
The investments of the Company at 31 October 2017 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 74.43 % |
| FlagshipInvestments Limited(ASX) (FSI) | 11.98 % |
| AthelneyUnit Trust PLC(LSE) (ATY) | 8.31 % |
| Other UK | 2.42 % |
| Cash | 2.86 % |
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