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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2019
Jun 5, 2019
64981_rns_2019-06-05_f6d7dd7d-cbaa-4454-a251-dfc1b73dfe11.pdf
Net Asset Value
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6 June 2019
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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 May 2019
The unaudited NTA backing per share of the Company at 31 May 2019 was as follows:
| acng per sare o e | ompany a ay | was as oows: |
|---|---|---|
| TO DO | Beforeestimated tax on | Afterestimated tax on |
| unrealisedgains | unrealisedgains | |
| at 31 May2019 | 231.7 c | 205.3 c |
| at 30 April 2019 | 248.1 c | 217.2 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 BRK shares decreased in value during May 2019 as well as the market values of the UK Portfolio. The Athelney Trust share price listed on the LSE also decreased in price. The market value of Flagship Investments Ltd (listed on the ASX) decreased during May. The overall effect was a decrease in the Net Tangible Asset Backing per share of Global Masters Fund Limited at 31 May 2019.
The summary of investments of the Company at 31 May 2019 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 64.07 % |
| FlagshipInvestments Limited(ASX) (FSI) | 9.07 % |
| AthelneyUnit Trust PLC(LSE) (ATY) | 7.57 % |
| Other UK Investments(LSE) | 16.29 % |
| Cash | 3.00 % |
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