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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2018
Feb 7, 2018
64981_rns_2018-02-07_c4f7ab45-8b43-4c36-8166-f85aa6296925.pdf
Net Asset Value
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8 February 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 31 January 2018
The unaudited NTA backing per share of the Company at 31 January 2018 was as follows:
| Before | After | |||
|---|---|---|---|---|
| estimated tax on | estimated tax on | |||
| unrealized gains | unrealized gains | |||
| at | 31 | January2018 | 223.1 c | 197.9 c |
| at | 31 | December 2017 | 216.4 c | 193.0 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 value of the Australian dollar increased against the USD by 3.2% and declined by 1.7% against the British Pound. The increase in the market values of BRK shares listed on NYSE and the value of FSI shares on the ASX increased the NTA at 31 January 2018. The market price of ATY listed on the LSE, decreased by 3.85% and this was partially offset by the relative decline in the Australian dollar against the British Pound during the month.
The summary of investments of the Company at 31 January 2018 were as follows:
| Name of Company | Name of Company | Percentage of Total Portfolio | Percentage of Total Portfolio | |
|---|---|---|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 62.15 % | |||
| FlagshipInvestments Limited(ASX) (FSI) | 9.37 % | |||
| AthelneyUnit Trust PLC(LSE) (ATY) | 6.72 % | |||
| h | ||||
| Oter UK | 20.23 % | |||
| Cash | 153 % | |||
| . |
For further information please call the Company Secretary on 1800 352 660.
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 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