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INVESTSMART GROUP LIMITED — Regulatory Filings 2010
Sep 13, 2010
65130_rns_2010-09-13_ebbcc349-cbcd-4743-aac6-08484ba3a4a4.pdf
Regulatory Filings
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FAT Prophets Australia Fund Limited NTA Release as at 31st August 2010
Overview
On 1 August 2010, Merricks Capital Pty Limited ( Merricks ) became the Manager of Fat Prophets Australia Fund Limited ( Company ). As announced by the Directors of the Company on 29 July 2010, the Company will for the short term continue to be managed with an Australian equities mandate. The Directors together with Merricks are examining alternatives that are permitted within the Company’s Constitution, which should result in a more permanent closure of the previously prevailing gap between the traded price of the Company’s securities and the net asset value per share. It is anticipated that this review will be completed by the end of September 2010 and communicated to the Company’s Shareholders.
Net Tangible Asset Backing
| Performance | Net Asset Backing | Monthly Return |
|---|---|---|
| Pre Tax NTA | 1.0789 Per Share | ‐4.82% |
| Post Tax NTA | 1.0784 Per Share | ‐1.20% |
| ASX 300 Accumulation Index | ‐1.08% |
Invested Portfolio
| Company | Code | Weight |
|---|---|---|
| Cash | 96.5% | |
| Equity Holdings | 3.5% |
Fund Service Providers Fund Information Contact Administrator White Outsourcing Pty Ltd Inception Date April 2005 Adam Lindell +61 3 8319 8111 Auditor Mark Schiliro & Associates ASX Stock Code FAT [email protected] FUM $30.7M AUD www.merrickscapital.com
Disclaimer
This report has been prepared solely for the benefit of the Shareholders of Fat Prophets Australia Fund Limited ( Company) . It summarises information on the financial products held by the Company as at the stated date. The financial products may and will change after the issue of this report. No assurance can be given by the Company or by Merricks Capital Pty Limited ( Merricks ) as to the accuracy and completeness of the information used to compile this report. Past performance is not necessarily indicative of future performance. By making this report available, the Company and Merricks are not providing any general advice or personal advice within the meaning of section 766B of the Corporations Act regarding the Company, any potential investment in the Company or any investments or potential investments of the Company. This report is made without considera‐ tion of any specific person's investment objectives, financial situation or needs. The Company, Merricks and directors and employees of the Company and Merricks do not accept any liability for the results of any action taken or not taken on the basis of the information contained in this report, any negligent miss‐statements, errors or omissions.