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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2020
Jul 5, 2020
64981_rns_2020-07-05_e84cce4c-c8d3-4940-8c27-931b9f1f9326.pdf
Net Asset Value
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6 July 2020
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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 30 June 2020
The unaudited NTA backing per share of the Company at 30 June 2020 was as follows:
| Before | After | |
|---|---|---|
| estimated tax onunrealisedgains | estimated tax onunrealisedgains | |
| at 30 June 2020 | 219.0 c | 194.4 c |
| at 31 May2020 | 231.3 c | 203.0 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. During June 2020, the market value (in US Dollars) of Berkshire Hathaway shares on the New York Stock Exchange decreased compared to the previous month-end. At 30 June, the Australian dollar increased against the USD. The market value of the UK Portfolio increased (GBP) over the month and was offset by a strengthening of the Australian dollar against the GBP. The share price of Athelney plc listed on LSE decreased at month end. Flagship Investments Ltd (FSI) listed on the ASX, continued its upward trend from the previous month. The unit price of BCI Worldwide Fund increased, whilst the value of the Australian Dollar continued to strengthen against the South African Rand.
The overall effect of the above was a decrease in the Net Tangible Asset Backing per share of Global Masters Fund Limited at 30 June 2020.
The summary of investments of the Company at 30 June 2020 were as follows:
| une 2020. | |
|---|---|
| of investments of the Coman at 30 June 2020 | ere as follows: |
| py | |
| Name of Company | Percentage of Total Portfolio |
| Berkshire Hathaway (NYSE) (BRK) | 60.62% |
| FlagshipInvestments Limited(ASX) (FSI) | 9.29% |
| BIP BCI Worldwide Flexible Fund Class B | 5.92% |
| AthelneyUnit Trust PLC(LSE) (ATY) | 2.56% |
| Other UK | 21.04% |
| Cash | 0.57% |
For further information please call the Company Secretary on 1800 352 474.
Yours faithfully,
GLOBAL MASTERS FUND LIMITED
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Authorised by
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