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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2020
Feb 5, 2020
64981_rns_2020-02-05_adc7c2cb-125f-4b36-92aa-54d4c3f869e7.pdf
Net Asset Value
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6 February 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 31 January 2020
The unaudited NTA backing per share of the Company at 31 January 2020 was as follows:
| Beforeestimated tax onunrealisedgains | Afterestimated tax onunrealisedgains | |
|---|---|---|
| at 31 January2020 | 274.1 c | 233.7 c |
| at 31 December 2019 | 264.3 c | 225.9 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.
Whilst the market value (in US Dollars) of Berkshire Hathaway shares on the New York Stock Exchange decreased compared to the previous month-end, this was more than compensated by a weakening of the Australian Dollar against the US Dollar at month-end. The market value of the UK Portfolio increased in value over the month and the value of the Australian dollar decreased against the GBP. The share price of Athelney Trust plc listed on LSE remained unchanged. Flagship Investments Ltd (FSI) listed on the ASX, increased in value during January 2020. The investment in BCI continues to perform well with an increase in the share price on JSE at month end. The overall effect of the above was an increase in the Net Tangible Asset Backing per share of Global Masters Fund Limited at 31 January 2020.
The summary of investments of the Company at 31 January 2020 were as follows:
| Name of Company | Percentage of Total Portfolio |
|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 63.46 % |
| FlagshipInvestments Limited(ASX) (FSI) | 8.34 % |
| BIP BCI Worldwide Flexible Fund Class B | 5.11 % |
| AthelneyUnit Trust PLC(LSE) (ATY) | 3.23 % |
| Other UK | 19.61 % |
| Cash | 0.25 % |
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