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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2017
Sep 7, 2017
64981_rns_2017-09-07_59bf0808-19b6-4983-bcf9-39cb11396857.pdf
Net Asset Value
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8 September 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 August 2017
The unaudited NTA backing per share of the Company at 31 August 2017 was as follows:
| Before estimated tax on unrealized gains |
After estimated tax on unrealized gains |
|
|---|---|---|
| at 31 August 2017 |
199.8 c | 176.4 c |
| at 31 July2017 |
194.9 c | 172.7 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. The increase in BRK share prices listed on NYSE increased the NTA at 31 August 2017. The share price of ATY listed on LSE, remained the same as the month prior. During the month of August, new investments on the LSE (in terms of a mandate) were made by the Manager. The value of the Australian dollar against the combined USD and British Pound remained much the same as the previous month.
The investments of the Company at 31 August 2017 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 74.00 % |
| FlagshipInvestments Limited(ASX) (FSI) | 11.90 % |
| AthelneyUnit Trust PLC(LSE) (ATY) | 8.30 % |
| Other UK | 0.82 % |
| Cash | 4.98 % |
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