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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2018
Mar 5, 2018
64981_rns_2018-03-05_bcd5e1f7-7207-473e-8376-8aa43f4d6628.pdf
Net Asset Value
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6 March 2018
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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 28 February 2018
The unaudited NTA backing per share of the Company at 28 February 2018 was as follows:
| Beforeestimated tax onunrealised gains | Afterestimated tax onunrealised gains | |
|---|---|---|
| at28 February2018 | 223.1 c | 198.7 c |
| at31 January2018 | 223.1 c | 197.9 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.
During the period the market value of the investments decreased, however the Australian dollar weakened against USD and GBP to the extent that the NTA (before tax on unrealised gains) of the Company, remained unchanged at 28 February 2018.
The summary of investments of the Company at 28 February 2018 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 62.35 % |
| FlagshipInvestments Limited(ASX) (FSI) | 9.40 % |
| AthelneyUnit Trust PLC(LSE) (ATY) | 6.75 % |
| Other UK | 20.26 % |
| Cash | 1.24 % |
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