Latest NTA & Top 20 Investments

The Net Tangible Asset backing (NTA) as at 31 August, 2017 was $7.57 per share.

This figure allows for all costs incurred, including company tax and any tax payable on gains realised from portfolio sales. Under ASX Listing Rules, the Company is also required to provide for tax that may arise should the entire portfolio be disposed of on the above date. After deducting this theoretical provision, the above figure would be $6.67 per share.

Please open the PDF file below for more information, including the Company's top 20 investments.