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INVESTSMART GROUP LIMITED — Regulatory Filings 2012
Nov 13, 2012
65130_rns_2012-11-13_f961b23a-03df-4553-ac73-94b92fdf055d.pdf
Regulatory Filings
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Merricks Capital Special Opportunity Fund Limited NTA Release as at 31 October 2012
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Overview
On 1 August 2010, Merricks Capital Pty Limited ( Merricks ) became the Manager of the Merricks Capital Special Opportunity Fund Limited ( Fund ) (formerly known as Fat Prophets Australia Fund Limited). On 1 October 2010 the Fund announced its new Investment Mandate.
The Fund has a few select investments at any given time and focuses on investments in small to mid-cap Australian listed companies. The types of investments that the Fund targets are:
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Obtaining a strategic stake in a desired small to medium listed company via placement of new securities or acquisition of shares.
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Construction of unlisted convertible securities, offering equity-type returns but with debt security characteristics.
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Combining with other investors to acquire a significant stake in a company with a view to actively agitating for change, which could release hidden value to all shareholders.
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Investments that reward the provision of liquidity.
The Fund’s core strength is that it has semi-permanent capital. Merricks seeks to make investments that allows the Fund to maximise the use of its semi-permanent capital, resulting in both capital gains and the payment of regular and consistent dividends.
Net Tangible Asset Backing
| Performance | Net Asset Backing | Monthly Return |
|---|---|---|
| Pre Tax NTA | 0.61 Per Share | 6.82% |
| Post Tax NTA | 0.61 Per Share | 6.82% |
| ASX 300 Accumulation Index | 2.92% | |
| Asset Allocation | ||
| Investment | Weight | |
| Cash | 26.52% | |
| Shareholdings | 73.48% |
Invested Portfolio
| Company | Code | Weight |
|---|---|---|
| ING Real Estate Entertainment Funds | IEF ASX | 53.38% |
| Straits Resources Ltd | SRQ ASX | 44.62% |
| Molopo Energy Ltd | MPO ASX | 1.42% |
| Aziana Ltd | AZK ASX | 0.58% |
Fund Service Providers
Fund Information
Contact
Administrator White Outsourcing Pty Ltd Inception Date April 2005 Adam Lindell +61 3 8319 8111 Auditor Ernst & Young ASX Stock Code MEF [email protected] FUM $22M AUD www.merrickscapital.com
Disclaimer
This report has been prepared solely for the benefit of the Shareholders of Merricks Capital Special Opportunity Fund Limited ( Fund) . It summarises information on the financial products held by the Fund 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 Fund 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 Fund and Merricks are not providing any general advice or personal advice within the meaning of section 766B of the Corporations Act regarding the Fund, any potential investment in the Fund or any investments or potential investments of the Fund. This report is made without consideration of any specific person's investment objectives, financial situation or needs. The Fund, Merricks and directors and employees of the Fund 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.