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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2018
Jan 7, 2018
64981_rns_2018-01-07_6a63e7fa-08bb-4971-9561-8991dd1a8dd7.pdf
Net Asset Value
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8 January 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 December 2017
The unaudited NTA backing per share of the Company at 31 December 2017 was as follows:
| Before | After | ||||
|---|---|---|---|---|---|
| estimated tax on | estimated tax on | ||||
| unrealized gains | unrealized gains | ||||
| at | 31 | December | 2017 | 216.4 c | 193.0 c |
| at | 30 | November | 2017 | 218.7 c | 194.8 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 increased the NTA at 31 December 2017. The value of the FSI shares on ASX decreased by 3.53 % at 31 December 2017. The market price of ATY listed on the LSE remained unchanged. The value of the Australian dollar against the combined USD and British Pound strengthened and this worked negatively against the increase in the market values at 31 December 2017.
The funds invested in the UK have increased in value as at 31 December 2017.
The summary of investments of the Company at 31 December 2017 were as follows:
| f | f l fl | ||
|---|---|---|---|
| Name o Co | mpany | Percentage o Tota Portoio | |
| Berkshire Ha | thaway (NYSE) (BRK) | 61.12 % | |
| FlagshipInv | estments Limited(ASX) (FSI) | 9.27 % | |
| AthelneyUn | it Trust PLC(LSE) (ATY) | 7.11 % | |
| Other UK | 20.95 % | ||
| Cash | 1.55 % | ||
| ormation ple | ase call the Company Secretary on | 1300 552 660. | |
| y |
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