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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2018
Jun 6, 2018
64981_rns_2018-06-06_1c3dd599-30a5-4750-9ed7-c98f7fd689f8.pdf
Net Asset Value
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7 June 2018
Company Announcements Office ASX Ltd, Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 2000
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Dear Sir
Net Tangible Asset (NTA) backing per share at 31 May 2018
The unaudited NTA backing per share of the Company at 31 May 2018 was as follows:
| Beforeestimated tax onunrealised gains | Afterestimated tax onunrealised gains | |
|---|---|---|
| at31 May2018 | 216.8 c | 194.3 c |
| at30 April 2018 | 219.2 c | 196.0 c |
The NTA figures shown above are before and after the provision for deferred tax on the unrealised 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 market value of Flagship Investments Limited shares listed on ASX ended the month slightly higher. The market value of Berkshire Hathaway shares on the New York Stock Exchange decreased slightly compared to the previous month end. The market value of Athelney Trust plc shares and other UK investments on the London Stock Exchange increased. Against this, the Australian Dollar strengthened against the British Pound at 31 May 2018 compared to the previous month. The overall result was a decrease in NTA per share at 31 May 2018.
The summary of investments of the Company at 31 May 2018 were as follows:
| ummary of investments of the Company at 31 MayName of Company | ummary of investments of the Company at 31 MayName of Company | 2018 were as follows: | 2018 were as follows: | ||
|---|---|---|---|---|---|
| Name of Company | Percentage of To | ||||
| tal Portfolio | |||||
| Berkshire Hathaway (NYSE) (BRK) | 60.75 % | ||||
| FlagshipInvestments Limited(ASX) (FSI) | 9.02 % | ||||
| AthelneyUnit Trust PLC(LSE) (ATY) | 6.63 % | ||||
| Other UK | 21.77 % | ||||
| Cash | 1.83 % |
For further information please call the Company Secretary on 1800 352 474.
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 1800 352 474 Fax: +61 7 5574 1457 Email: [email protected] www.globalmastersfund.com.au
C/- EC Pohl & Co Pty Ltd Level 12 Corporate Centre One 2 Corporate Court Bundall Qld 4217 Australia