AI assistant
GLOBAL MASTERS FUND LIMITED Net Asset Value 2020
64981_rns_2020-01-05_268a2f34-5840-4fff-af27-34b55c5009c0.pdf
Net Asset Value
Open in viewerOpens in your device viewer
6 January 2020
GLOBAL MASTERS FUND LIMITED
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 2019
The unaudited NTA backing per share of the Company at 31 December 2019 was as follows:
| Before estimated tax on unrealised gains |
After estimated tax on unrealised gains |
|
|---|---|---|
| at 31 December 2019 | 264.3c | 225.9c |
| at 30 November 2019 | 263.6c | 225.4c |
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 market value (in US Dollars) of Berkshire Hathaway shares on the New York Stock Exchange increased compared to the previous month-end. The Australian Dollar strengthened against the US Dollar. The market value of the UK Portfolio increased in value over the month as well as the share price of Athelney Trust plc listed on LSE. Flagship Investments Ltd (FSI) listed on the ASX, increased in value during December 2019. The overall effect of the above was an increase in the Net Tangible Asset Backing per share of Global Masters Fund Limited at 31 December 2019.
The summary of investments of the Company at 31 December 2019 were as follows:
| Name of Company | Percentage of Total Portfolio | |
|---|---|---|
| Berkshire Hathaway (NYSE) (BRK) | 63.45 % | |
| Flagship Investments Limited (ASX) (FSI) | 8.46 % | |
| BIP BCI Worldwide Flexible Fund Class B | 5.25 % | |
| Athelney Unit Trust PLC (LSE) (ATY) | 3.21 % | |
| Other UK | 19.33% | |
| Cash | 0.30% |
For further information please call the Company Secretary on 1800 352 474.
Yours faithfully, GLOBAL MASTERS FUND LIMITED
Brian Jones Company Secretary
Global Masters Fund Limited ABN 84 109 047 618 +61 1800 352 474 Tel: 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 Old 4217 Australia